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
GLADYS E KNOWLES CHARITABLE TRUST 50315420
 

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

81-0423029
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$2,422,354J 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...... 58,549 58,549  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 110,034
b Gross sales price for all assets on line 6a 764,192
7 Capital gain net income (from Part IV, line 2)... 110,034
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........ 168,583 168,583  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 31,944 28,750   3,194
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 2,000 0 0 2,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 3,573 882   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 37,517 29,632 0 5,194
25 Contributions, gifts, grants paid........ 98,240 98,240
26 Total expenses and disbursements. Add lines 24 and 25 135,757 29,632 0 103,434
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 32,826
b Net investment income (if negative, enter -0-) 138,951
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...............   617 617
2 Savings and temporary cash investments.......... 9,096 12,213 12,213
3 Accounts receivable bullet1,001
Less: allowance for doubtful accounts bullet   3,136 1,001 1,001
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) 39,781 Click to see attachment39,781 41,664
b Investments—corporate stock (attach schedule)........ 1,255,795 Click to see attachment1,190,201 1,764,119
c Investments—corporate bonds (attach schedule)........ 498,421 Click to see attachment595,236 602,740
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,806,229 1,839,049 2,422,354
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,806,229 1,839,049
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,806,229 1,839,049
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,806,229 1,839,049
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,806,229
2 Enter amount from Part I, line 27a..................... 2 32,826
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,839,055
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 6
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,839,049
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 1044.568 AMERICAN CENTY INTL BOND FD INSTL     2013-01-04
b 250. IPATH DOW JONES UBS COMMODITY     2013-01-04
c 879.508 NUVEEN MID CAP SELECT I   2005-11-21 2013-01-04
d . DELL INC     2013-01-09
e 128. CVS CORP COM     2013-01-11
95. CVS CORP COM     2013-01-15
455.166 NUVEEN REAL ESTATE SECS I   2001-03-05 2013-02-01
845.309 NUVEEN MID CAP SELECT I   2005-11-21 2013-02-01
1039.501 NUVEEN INTL SELECT FD CL I   2011-08-17 2013-02-01
25000. MERRILL LYNCH CO MTN 5.450% 2/05/13   2008-01-30 2013-02-05
734.922 AMERICAN CENTY INTL BOND FD INSTL   2010-07-29 2013-02-14
111.907 NUVEEN REAL ESTATE SECS I   2001-03-05 2013-02-14
4173.623 NUVEEN MID CAP SELECT I   2005-11-21 2013-02-14
25000. PEPSICO INC 4.650% 2/15/13   2008-02-27 2013-02-15
141. E M C CORP MASS   2011-03-16 2013-02-20
118. E M C CORP MASS     2013-02-21
173. ABBOTT LABS     2013-02-26
50000. MORGAN STANLEY 5.300% 3/01/13   2003-02-26 2013-03-01
102. CAPITAL ONE FINANCIAL CORP     2013-03-11
25. ABBVIE INC   2012-02-21 2013-03-25
44. COCA COLA CO   2012-08-01 2013-03-25
25. EXXON MOBIL CORP   2003-07-17 2013-03-25
20. GILEAD SCIENCES INC   2011-03-16 2013-03-25
412.201 NUVEEN MID CAP SELECT I   2005-11-21 2013-03-25
10. PRAXAIR INC   2011-11-28 2013-03-25
25. VERIZON COMMUNICATIONS   2003-07-17 2013-03-25
100. ISHARES S P U S PREFERRED STOCK ETF   2009-10-19 2013-04-08
537.634 NUVEEN HIGH INCOME BOND FD CL I     2013-04-08
1666.667 NUVEEN MID CAP SELECT I   2005-11-21 2013-04-08
24. ABBVIE INC   2011-12-07 2013-04-12
10. BAXTER INTL INC   2011-10-10 2013-04-12
5. CHEVRONTEXACO CORP   2011-03-16 2013-04-12
15. COCA COLA CO   2012-02-08 2013-04-12
26. PRUDENTIAL FINL INC   2011-03-16 2013-04-12
25. STARBUCKS CORP   2011-03-16 2013-04-12
25. ACCENTURE PLC CL A   2012-05-04 2013-04-12
176. ABBOTT LABS     2013-04-15
105. APACHE CORP   2004-07-06 2013-04-15
667. FIFTH THIRD BANCORP     2013-04-15
76. FREEPORT MCMORAN COPPER GOLD   2012-10-10 2013-04-15
85. GILEAD SCIENCES INC   2011-03-16 2013-04-25
117. COACH INC     2013-05-02
84. GILEAD SCIENCES INC   2011-03-16 2013-05-13
300. IPATH DOW JONES UBS COMMODITY   2007-11-29 2013-06-04
89.896 NEUBERGER BERMAN GENESIS INSTL FD     2013-06-04
218.914 NUVEEN REAL ESTATE SECS I   2001-03-05 2013-06-04
211.327 NUVEEN INFLATION PRO SEC CL I   2013-03-11 2013-06-04
652.977 NUVEEN INFLATION PRO SEC CL I     2013-06-04
102.669 NUVEEN MID CAP GRWTH OPP FD CL I   2012-04-18 2013-06-07
5. ALLERGAN INC   2012-06-08 2013-06-18
75. BANK OF AMERICA CORP   2012-10-25 2013-06-18
200. IPATH DOW JONES UBS COMMODITY     2013-06-18
10. CAPITAL ONE FINANCIAL CORP   2011-11-28 2013-06-18
25. EMERSON ELEC CO   2012-04-27 2013-06-18
19. KRAFT FOODS GROUP INC   2012-05-14 2013-06-18
50. MAXIM INTEGRATED PRODS INC   2012-07-31 2013-06-18
3634.476 NUVEEN INTL SELECT FD CL I   2011-08-17 2013-06-18
15. TARGET CORP     2013-06-18
25. VERIZON COMMUNICATIONS     2013-06-18
15. WELLS FARGO & CO NEW   2005-07-13 2013-06-18
18. COVIDIEN PLC   2012-09-28 2013-06-18
79. KRAFT FOODS GROUP INC   2012-11-15 2013-06-20
81. KRAFT FOODS GROUP INC     2013-06-20
200. IPATH DOW JONES UBS COMMODITY     2013-06-21
15. CVS CORP COM   2012-04-13 2013-06-21
5. CHEVRONTEXACO CORP   2011-03-16 2013-06-21
10. ECOLAB INC   2011-11-28 2013-06-21
20. EMERSON ELEC CO   2012-04-27 2013-06-21
5. EXXON MOBIL CORP   2003-03-04 2013-06-21
5. INTERNATIONAL BUSINESS MACHS CORP   2012-04-25 2013-06-21
10. J P MORGAN CHASE & CO   2008-09-26 2013-06-21
10. NIKE INC   2011-09-27 2013-06-21
544.662 NUVEEN INTL SELECT FD CL I   2011-08-17 2013-06-21
5. QUALCOMM INC   2011-10-06 2013-06-21
5. SCHLUMBERGER LTD   2008-04-03 2013-06-21
10. TARGET CORP   2009-06-01 2013-06-21
50. VERIZON COMMUNICATIONS   2005-07-13 2013-06-21
15. WELLS FARGO & CO NEW   2005-07-13 2013-06-21
10. ACCENTURE PLC CL A   2012-05-04 2013-06-21
10. COVIDIEN PLC   2012-09-28 2013-06-21
139. CVS CORP COM     2013-06-24
. TYCO INTL LTD     2013-06-24
10. ALLERGAN INC   2012-06-08 2013-07-01
10. CHEVRONTEXACO CORP   2011-03-16 2013-07-01
15. COCA COLA CO   2012-02-08 2013-07-01
5. ECOLAB INC   2011-11-28 2013-07-01
10. GILEAD SCIENCES INC   2012-05-17 2013-07-01
1. GOOGLE INC CL A   2009-11-04 2013-07-01
19. J P MORGAN CHASE & CO   2008-09-26 2013-07-01
10. JOHNSON & JOHNSON   2004-03-31 2013-07-01
10. MC DONALD'S CORP   2009-04-03 2013-07-01
90.81 NEUBERGER BERMAN GENESIS INSTL FD     2013-07-01
113.173 NUVEEN REAL ESTATE SECS I   2001-03-05 2013-07-01
583.431 NUVEEN INTL SELECT FD CL I   2012-08-01 2013-07-01
1296.019 NUVEEN INTL SELECT FD CL I   2011-08-17 2013-07-01
25. ORACLE CORPORATION   2006-12-05 2013-07-01
35. PFIZER INC COMMON STOCK   1999-10-04 2013-07-01
5. PRAXAIR INC   2011-11-28 2013-07-01
20. QUALCOMM INC   2011-10-06 2013-07-01
10. STARBUCKS CORP   2011-03-16 2013-07-01
10. 3M CO   2003-03-04 2013-07-01
15. UNITED TECHNOLOGIES CORP   2004-01-05 2013-07-01
25. VERIZON COMMUNICATIONS     2013-07-01
25. WALGREEN COMPANY COMMON STOCK   2013-01-15 2013-07-01
25. WELLS FARGO & CO NEW   2005-07-13 2013-07-01
10. ACE LTD   2012-11-01 2013-07-01
16.375 MALLINCKRODT PLC W I     2013-07-09
19.625 MALLINCKRODT PLC W I     2013-07-09
25000. PRUDENTIAL FIN MTN 4.500% 7/15/13   2003-07-09 2013-07-15
.25 MALLINCKRODT PLC W I   2012-08-21 2013-07-18
150. ISHARES MSCI EMERGING MARKETS ETF   2010-09-27 2013-07-22
272.035 NUVEEN HIGH INCOME BOND FD CL I     2013-07-22
185.185 NUVEEN MID CAP SELECT I   2005-11-21 2013-07-22
125.652 NUVEEN MID CAP GRWTH OPP FD CL I   2012-04-18 2013-07-22
434. BANK OF AMERICA CORP     2013-07-25
216. MAXIM INTEGRATED PRODS INC     2013-07-25
68.528 NEUBERGER BERMAN GENESIS INSTL FD   2012-08-07 2013-08-22
10. CIGNA CORP   2013-04-15 2013-08-29
8. CVS CORP COM   2012-02-07 2013-08-29
10. EXXON MOBIL CORP   2003-03-04 2013-08-29
100. GENERAL ELEC CO     2013-08-29
27. INTEL CORP   2013-07-09 2013-08-29
8. J P MORGAN CHASE & CO     2013-08-29
1. MASTERCARD INC   2012-02-08 2013-08-29
10. STARBUCKS CORP   2011-03-16 2013-08-29
25. WELLS FARGO & CO NEW   2005-07-13 2013-08-29
130. CVS CORP COM   2012-02-07 2013-08-30
193.177 NEUBERGER BERMAN GENESIS INSTL FD     2013-09-05
138.554 NEUBERGER BERMAN GENESIS INSTL FD   2012-08-07 2013-09-05
10. ABBVIE INC     2013-09-24
10. CAPITAL ONE FINANCIAL CORP   2011-11-28 2013-09-24
10. EXXON MOBIL CORP   2003-03-04 2013-09-24
35. GENERAL ELEC CO   2009-06-09 2013-09-24
10. GILEAD SCIENCES INC   2012-05-17 2013-09-24
1. MASTERCARD INC   2012-02-08 2013-09-24
231.696 P I M C O FDS TOTAL RETURN FD   2012-09-25 2013-09-24
10. PEPSICO INC   2001-09-19 2013-09-24
5. PRAXAIR INC   2011-11-28 2013-09-24
10. STATE STR CORP   2002-11-20 2013-09-24
10. TARGET CORP     2013-09-24
10. ACCENTURE PLC CL A   2012-05-04 2013-09-24
50. ABBVIE INC   2011-07-21 2013-10-01
3. APPLE COMPUTER INC   2005-07-13 2013-10-01
46. BANK OF AMERICA CORP   2012-10-23 2013-10-01
708. IPATH DOW JONES UBS COMMODITY     2013-10-01
10. CAPITAL ONE FINANCIAL CORP     2013-10-01
10. CHEVRONTEXACO CORP   2011-03-16 2013-10-01
8. COACH INC   2009-12-04 2013-10-01
10. COMCAST CORP CL A   2009-04-03 2013-10-01
8. ECOLAB INC   2011-11-28 2013-10-01
25. EDISON INTL   2012-09-28 2013-10-01
15. EXXON MOBIL CORP     2013-10-01
50. GENERAL ELEC CO     2013-10-01
1. GOOGLE INC CL A   2009-11-04 2013-10-01
5. INTERNATIONAL BUSINESS MACHS CORP   2012-04-25 2013-10-01
459. ISHARES MSCI EMERGING MARKETS ETF     2013-10-01
20. J P MORGAN CHASE & CO   2009-08-07 2013-10-01
10. JOHNSON & JOHNSON     2013-10-01
2. MASTERCARD INC   2012-02-08 2013-10-01
33. MORGAN STANLEY DEAN WITTER & CO   2013-04-15 2013-10-01
15. NIKE INC     2013-10-01
115.58 NUVEEN REAL ESTATE SECS I   2001-03-05 2013-10-01
183.05 NUVEEN MID CAP GRWTH OPP FD CL I     2013-10-01
15. ORACLE CORPORATION   2006-12-05 2013-10-01
8. PEPSICO INC   2001-09-19 2013-10-01
50. PFIZER INC COMMON STOCK     2013-10-01
5. PRAXAIR INC   2011-11-28 2013-10-01
15. PROCTER & GAMBLE CO   2002-03-19 2013-10-01
15. PRUDENTIAL FINL INC   2011-03-16 2013-10-01
15. QUALCOMM INC   2001-06-07 2013-10-01
20. SCHLUMBERGER LTD   2008-04-03 2013-10-01
10. STARBUCKS CORP   2011-03-16 2013-10-01
15. STATE STR CORP   2002-11-20 2013-10-01
20. UNITED TECHNOLOGIES CORP   2004-01-05 2013-10-01
25. VERIZON COMMUNICATIONS     2013-10-01
10. WELLS FARGO & CO NEW   2005-07-13 2013-10-01
15. ACCENTURE PLC CL A   2012-05-04 2013-10-01
327.057 PRINCIPAL PREFERRED SEC INS   2013-03-11 2013-10-04
. ENRON CORP     2013-10-15
10. ABBVIE INC   2011-07-21 2013-10-17
10. COACH INC   2009-12-04 2013-10-17
5. DOVER CORP   2013-08-29 2013-10-17
5. INTERNATIONAL BUSINESS MACHS CORP   2012-04-24 2013-10-17
5. MC DONALD'S CORP   2009-04-03 2013-10-17
5. NIKE INC   2011-09-19 2013-10-17
15. WALGREEN COMPANY COMMON STOCK   2013-01-15 2013-10-17
10. BAXTER INTL INC   2012-11-07 2013-11-05
10. CHEVRONTEXACO CORP   2011-03-16 2013-11-05
25. COCA COLA CO   2012-08-01 2013-11-05
15. JOHNSON CTLS INC     2013-11-05
44.924 NUVEEN REAL ESTATE SECS I   2001-03-05 2013-11-05
229.779 P I M C O FDS TOTAL RETURN FD   2012-09-25 2013-11-05
62.244 NUVEEN MID CAP GRWTH OPP FD CL I     2013-11-12
503.271 NUVEEN REAL ESTATE SECS I     2013-12-24
125.502 NUVEEN REAL ESTATE SECS I   2001-05-07 2013-12-30
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 14,937   14,891 46
b 10,185   13,724 -3,539
c 10,079   7,669 2,410
d 10     10
e 6,553   5,754 799
4,891   4,138 753
10,055   5,689 4,366
10,068   7,371 2,697
10,083   9,574 509
25,000   25,030 -30
10,355   10,473 -118
2,491   1,399 1,092
50,000   36,394 13,606
25,000   25,798 -798
3,347   3,593 -246
2,761   2,816 -55
5,877   4,458 1,419
50,000   50,700 -700
5,551   4,533 1,018
974   730 244
1,760   1,776 -16
2,237   877 1,360
916   399 517
5,008   3,594 1,414
1,123   966 157
1,227   811 416
4,021   3,594 427
5,005   4,867 138
20,150   14,533 5,617
1,031   681 350
715   573 142
600   499 101
613   512 101
1,478   1,519 -41
1,476   878 598
1,916   1,579 337
6,433   3,962 2,471
7,680   4,702 2,978
10,822   9,866 956
2,233   3,060 -827
4,389   1,696 2,693
6,806   5,760 1,046
4,573   1,676 2,897
11,670   16,344 -4,674
4,967   4,770 197
4,934   2,729 2,205
2,443   2,500 -57
7,548   7,568 -20
5,082   4,953 129
505   456 49
991   703 288
7,686   10,001 -2,315
620   416 204
1,431   1,317 114
1,073   785 288
1,411   1,369 42
35,182   33,474 1,708
1,048   705 343
1,287   798 489
611   465 146
1,183   1,070 113
4,213   3,468 745
4,320   3,293 1,027
7,488   8,762 -1,274
866   653 213
591   499 92
835   551 284
1,094   1,053 41
448   172 276
975   1,016 -41
521   436 85
604   462 142
5,022   5,016 6
303   254 49
363   460 -97
686   415 271
2,469   1,550 919
612   465 147
796   632 164
616   594 22
7,821   6,050 1,771
11     11
850   913 -63
1,197   999 198
609   512 97
434   275 159
518   253 265
889   544 345
1,012   829 183
871   505 366
1,000   558 442
5,063   4,750 313
2,492   1,407 1,085
5,525   5,000 525
12,273   11,936 337
762   472 290
982   1,330 -348
586   483 103
1,227   1,015 212
662   351 311
1,102   621 481
1,426   712 714
1,257   774 483
1,114   979 135
1,044   774 270
899   787 112
710   603 107
851   796 55
25,000   25,180 -180
11   10 1
5,931   6,617 -686
2,503   2,374 129
2,507   1,615 892
6,516   6,061 455
6,399   4,070 2,329
5,928   5,886 42
4,043   3,309 734
791   661 130
464   347 117
873   344 529
2,314   1,385 929
596   627 -31
405   346 59
615   394 221
714   351 363
1,031   774 257
7,522   5,641 1,881
11,272   9,979 1,293
8,085   6,691 1,394
462   277 185
692   416 276
879   344 535
854   476 378
628   253 375
686   394 292
2,502   2,685 -183
810   491 319
603   483 120
671   440 231
640   414 226
754   632 122
2,252   1,380 872
1,435   115 1,320
635   431 204
26,139   26,617 -478
690   408 282
1,211   999 212
437   292 145
451   144 307
791   440 351
1,152   1,145 7
1,288   318 970
1,194   672 522
880   544 336
926   1,016 -90
18,802   14,055 4,747
1,033   860 173
865   495 370
1,345   788 557
888   717 171
1,095   678 417
2,492   1,432 1,060
10,121   8,692 1,429
497   283 214
635   392 243
1,430   1,883 -453
599   483 116
1,132   665 467
1,169   876 293
1,010   463 547
1,763   1,841 -78
769   351 418
989   660 329
2,163   949 1,214
1,165   755 410
413   310 103
1,102   948 154
3,303   3,477 -174
40     40
474   276 198
546   366 180
430   431 -1
875   1,001 -126
476   279 197
372   224 148
874   587 287
651   657 -6
1,184   999 185
987   1,009 -22
696   537 159
983   557 426
2,495   2,663 -168
3,501   2,824 677
10,015   6,170 3,845
2,485   1,521 964
      13,036
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       46
b       -3,539
c       2,410
d       10
e       799
      753
      4,366
      2,697
      509
      -30
      -118
      1,092
      13,606
      -798
      -246
      -55
      1,419
      -700
      1,018
      244
      -16
      1,360
      517
      1,414
      157
      416
      427
      138
      5,617
      350
      142
      101
      101
      -41
      598
      337
      2,471
      2,978
      956
      -827
      2,693
      1,046
      2,897
      -4,674
      197
      2,205
      -57
      -20
      129
      49
      288
      -2,315
      204
      114
      288
      42
      1,708
      343
      489
      146
      113
      745
      1,027
      -1,274
      213
      92
      284
      41
      276
      -41
      85
      142
      6
      49
      -97
      271
      919
      147
      164
      22
      1,771
      11
      -63
      198
      97
      159
      265
      345
      183
      366
      442
      313
      1,085
      525
      337
      290
      -348
      103
      212
      311
      481
      714
      483
      135
      270
      112
      107
      55
      -180
      1
      -686
      129
      892
      455
      2,329
      42
      734
      130
      117
      529
      929
      -31
      59
      221
      363
      257
      1,881
      1,293
      1,394
      185
      276
      535
      378
      375
      292
      -183
      319
      120
      231
      226
      122
      872
      1,320
      204
      -478
      282
      212
      145
      307
      351
      7
      970
      522
      336
      -90
      4,747
      173
      370
      557
      171
      417
      1,060
      1,429
      214
      243
      -453
      116
      467
      293
      547
      -78
      418
      329
      1,214
      410
      103
      154
      -174
      40
      198
      180
      -1
      -126
      197
      148
      287
      -6
      185
      -22
      159
      426
      -168
      677
      3,845
      964
       
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 2 110,034
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 103,143 2,156,068 0.047838
2011 102,940 2,162,096 0.047611
2010 149,040 2,096,498 0.07109
2009 166,917 2,007,682 0.083139
2008 167,818 2,435,153 0.068915
2 Total of line 1, column (d) ...................... 2 0.318593
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 0.063719
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,293,944
5 Multiply line 4 by line 3....................... 5 146,168
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,390
7 Add lines 5 and 6......................... 7 147,558
8 Enter qualifying distributions from Part XII, line 4.............. 8 103,434
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 2,779
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 2,779
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 2,779
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,648
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 1,648
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,131
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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     		33,944    
    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
    114,697
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    2,779
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,779
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    111,918
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    111,918
    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
    111,918
    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 7 111,918
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:2011, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 0
    b From 2009....... 38,793
    c From 2010....... 45,025
    d From 2011....... 0
    e From 2012....... 0
    fTotal of lines 3a through e......... 83,818
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 103,434
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 103,434
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 8,484 8,484
    (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 75,334
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 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 ......     		75,334
    10 Analysis of line 9:
    a Excess from 2009.... 30,309
    b Excess from 2010.... 45,025
    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 of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    INT'L PEACE SCHOLARSHIP
    OF PEO SISTERHOOD
    3700 GRAND AVENUE
    DES MOINES,IA50312     		NONE PRIVATE SCHOLARSHIP OF SISTERHOOD 7,859
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE SCHOOL GENERAL SUPPORT 7,859
    ST LUKES EPISCOPAL
    CHURCH
    119 NORTH 33RD STREET
    BILLINGS,MT59101     		NONE CHURCH GENERAL SUPPORT 24,560
    HERITAGE ACRES NURSING
    HOME
    200 NORTH MITCHELL
    HARDIN,MT59034     		NONE PRIVATE GENERAL SUPPORT 24,560
    BIG HORN CNTY MEMORIAL HOSP
    ATTN JONI KUNKEL
    17 NORTH MILES AVE
    HARDIN,MT59034     		NONE PUBLIC GENERAL SUPPORT 24,560
    YELLOWSTONE BOYS & GIRLS RANCH FDN
    2050 OVERLAND AVE
    BILLINGS,MT59102     		NONE PUBLIC GENERAL SUPPORT 8,842
    Total .................................bullet 3a 98,240
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (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 58,549  
    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 .............     		    18 110,034  
    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)..   168,583  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13168,583
    (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:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 2,000     2,000

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH & CO 5.450    
    PEPSICO 4.650    
    MORGAN STANLEY 5.300    
    PRUDENTIAL FINL 4.500    
    BAXTER INTERNATIONAL 4.000 26,210 25,137
    BARCLAYS BANK 3.250 50,000 51,054
    BOEING CO 3.750 19,920 21,543
    AMERICAN CENTY INTL BOND    
    NUVEEN HIGH INCOME BOND 63,260 66,713
    NUVEEN INFLATION PRO SEC 46,325 51,679
    AT&T INC 2.400 25,200 25,709
    PIMCO TOTAL RETURN FUND INST 23,651 22,736
    WELLS FARGO CO 2.625 12/15/16 25,673 26,182
    OPPENHEIMER SR FLOAT RATE 48,000 48,870
    PRINCIPAL PREFERRED SEC INS 24,023 22,642
    AT&T INC .875 2/13/15 25,132 25,053
    PEPSICO INC .7 8/13/15 25,075 25,027
    INTEL CORP 1.35 12/15/17 25,001 24,709
    OCCIDENTAL PETROLEUM 1.5 25,250 24,434
    BAIRD AGGREGATE BD FD 24,000 23,380
    DRIEHAUS ACTIVE INC FD 10,000 10,047
    GOLDMAN SACH COMM STRAT 25,750 26,089
    INV BALANCE RISK COMMON STR 24,500 24,037
    ISHARES S P U S PERFERRED STK 19,766 20,257
    LOOMIS SAYLES STRATEGIC ALPHA 38,500 37,442

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APACHE CORP    
    APPLE INC 7,872 43,199
    BANK OF AMERICA 6,492 10,899
    COMCAST CORP 2,341 8,574
    ECOLAB 4,671 20,854
    EXXON MOBIL 4,532 31,372
    GENERAL ELEC CO 5,978 28,450
    GOOGLE INC 10,389 29,138
    INTEL CORP 2,038 9,084
    J P MORGAN CHASE CO 15,813 23,684
    JOHNSON & JOHNSON 7,803 15,112
    MICROSOFT CORP 917 11,971
    ORACLE CORPORATION 7,657 16,643
    PEPSICO INC 6,783 11,612
    PFIZER INC 16,389 19,910
    PRAXAIR INC 10,093 25,356
    PROCTER & GAMBLE 9,977 18,317
    QUALCOMM 5,532 24,874
    STATE STR CORP 12,066 21,283
    TARGET CORP 7,001 15,185
    UNITED PARCEL SERVICE 2,601 5,569
    UNITED TECHNOLOGIES 11,889 29,019
    VERIZON COMMUNICATIONS 9,841 17,199
    WAL MART STORES 5,230 8,656
    WELLS FARGO & CO 14,462 25,878
    3M CO 5,443 12,623
    SCHLUMBERGER LTD 10,588 20,275
    NUVEEN REAL ESTATE 30,906 55,470
    ISHARES MSCI EMERGING MKTS 16,593 23,656
    ABBOTT LABORATORIES    
    COACH INC 3,290 5,052
    GOLDMAN SACHS 4,316 4,963
    MASTERCARD INC 7,880 24,228
    MCDONALDS CORP 9,203 16,010
    NUVEEN MID CAP SELECT FUND C    
    ISHARES S&P PREF STK    
    CHEVRON CORPORATION 14,877 19,986
    DISNEY WALT CO 10,202 23,684
    FREEPORT MCMORAN COPPER GOLD    
    STARBUCKS 9,863 23,125
    IPATH DOW JONES UBS COMMODITY    
    BAXTER INTL INC 11,420 14,258
    CAPITAL ONE FINANCIAL CORP 4,656 8,963
    CITIGRUOP INC 13,785 16,571
    COCA COLA COMPANY 15,176 18,383
    EMC CORPORATION 8,476 8,501
    GILEAD SCIENCES INC 5,240 19,601
    INTERNATIONAL BUSINESS MACHINE 12,008 12,192
    NIKE INC 11,161 19,975
    OCCIDENTAL PETROLEUM CORP 15,249 15,977
    PGE CORP 4,206 4,028
    PNC FINANCIAL SERVICE GRP INC 14,742 19,007
    PRUDENTIAL FINANCIAL INC 4,306 7,839
    WALGREEN CO 10,003 14,705
    LAUDUS INTL MARKETMASTERS FD 70,000 96,456
    NUVEEN INTL SELECT FD    
    NUVEEN MID CAP GRWTH OPP FD 24,970 28,595
    ALLERGAN INC 10,899 13,330
    ANADARKO PETROLEUM CORP 13,604 15,150
    ATT INC 4,177 4,395
    CVS CARMARK CORP    
    DOVER CORP 18,282 28,479
    EDISON INTL 11,974 12,270
    EMERSON ELEC CO 19,462 26,107
    FIFTH THIRD BANCORP    
    KRAFT FOODS GROUP    
    MAXIM INTEGRATED PRODS    
    MONDELEZ INTERNATIONAL 7,544 10,590
    ACCENTURE PLC 12,889 17,677
    ACE LTD 9,474 12,527
    COVIDIEN PLC 14,703 19,749
    ABERDEEN EMRGN MKT 68,500 70,042
    AMERICAN EUROPACIFIC GRTH 30,000 35,551
    NEUBERGER BERMAN GENESIS    
    PRINCIPAL GI R E SEC 23,500 22,800
    SCOUT INTERNATIONAL FD 75,000 85,895
    TFS MARKET NEUTRAL FD 20,000 19,909
    ABBVIE INC 5,786 12,146
    CIGNA CORP 14,243 18,896
    CISCO SYS INC 11,982 12,875
    CONAGRA FOODS INC 7,471 7,414
    DEVON ENERGY CORP 8,551 9,775
    JOHNSON CONTROLS INC 6,623 9,850
    MOHAWK INDS INC 9,809 12,954
    MORGAN STANLEY 6,820 9,847
    BLACKROCK EMERGING MKTS LS EQT 28,500 28,022
    CAUSEWAY EMERGING MKT INSTL 25,500 25,147
    E I I INTL PPTY I 19,000 19,509
    NUVEEN SYMPHONY MID CAP CORE I 15,982 26,991
    ROBECO BOSTON PARTNERS L S RSR 6,500 6,555
    T ROWE PRICE INTL GR&INC FD 96,500 106,351
    T ROWE PRICE MID CAP VALUE 37,500 43,213
    VANGUARD 500 IDX FD 12,500 14,142

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    US Government Securities - End of Year Book Value:

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

    41,664
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2013 OtherDecreasesSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Description Amount
    ADJUSTMENT FOR ROUNDING 6


    TY 2013 TaxesSchedule
    Name:
    GLADYS E KNOWLES CHARITABLE TRUST 50315420
    EIN: 81-0423029
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 1,043 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,648 0   0
    FOREIGN TAXES ON QUALIFIED FOR 787 787   0
    FOREIGN TAXES ON NONQUALIFIED 95 95   0