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 03-01-2013 , and ending 02-28-2014
Name of foundation
EMINGER STEWART FOUNDATION UMA 050013119300
 

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

35-6797693
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$4,416,292J 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...... 102,427 102,427  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 81,684
b Gross sales price for all assets on line 6a 1,591,129
7 Capital gain net income (from Part IV, line 2)... 81,684
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........ 184,111 184,111  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 53,932 48,539   5,393
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 1,164 0 0 1,164
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 12,588 3,346   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1,029     1,029
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,213 51,885 0 9,086
25 Contributions, gifts, grants paid........ 157,875 157,875
26 Total expenses and disbursements. Add lines 24 and 25 228,088 51,885 0 166,961
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -43,977
b Net investment income (if negative, enter -0-) 132,226
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...............      
2 Savings and temporary cash investments.......... 31,602 157,444 157,444
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   68,155 0 0
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)........ 3,682,722 Click to see attachment3,620,722 4,204,234
c Investments—corporate bonds (attach schedule)........ 75,380 Click to see attachment54,316 54,614
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) 3,857,859 3,832,482 4,416,292
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......... 3,857,859 3,832,482
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).................... 3,857,859 3,832,482
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,857,859 3,832,482
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 3,857,859
2 Enter amount from Part I, line 27a..................... 2 -43,977
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 18,608
4 Add lines 1, 2, and 3.......................... 4 3,832,490
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 8
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,832,482
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 22. BLACKROCK INC     2013-03-12
b 24. BORG WARNER INC   2012-11-23 2013-03-12
c 8. CHINA PETROLEUM CHEM A D R   2012-10-19 2013-03-12
d 287.464 CREDIT SUISSE COMM RET ST CO   2012-11-09 2013-03-12
e 113. GRUPO SIMEC A D R   2012-10-08 2013-03-12
237. GRUPO FIN SANTANDER A D R B   2012-11-28 2013-03-12
308. GRUPO FIN SANTANDER A D R B     2013-03-12
141. GRUPO FIN SANTANDER A D R B     2013-03-12
8. J P MORGAN CHASE & CO   2007-03-24 2013-03-12
.99953 KT CORP SP A D R   2012-12-05 2013-03-12
522.00047 KT CORP SP A D R     2013-03-12
19. LG DISPLAY CO LTD A D R   2012-10-08 2013-03-12
921. MELCO CROWN ENTERTAINMENT LMTD A D R   2012-11-23 2013-03-12
30. RALPH LAUREN CORP   2012-10-08 2013-03-12
187. SANOFI A D R   2012-10-08 2013-03-12
3. SHIRE PLC A D R   2013-01-08 2013-03-12
61. SHIRE PLC A D R   2013-01-25 2013-03-12
1. SHIRE PLC A D R   2013-02-05 2013-03-12
48. TOYOTA MTR CORP A D R   2012-10-08 2013-03-12
35. TOYOTA MTR CORP A D R   2012-11-09 2013-03-12
13. TOYOTA MTR CORP A D R     2013-03-12
39. TOYOTA MTR CORP A D R   2012-12-17 2013-03-12
9.0004 ULTA SALON COSMETICS & FRAGRANCE   2012-10-08 2013-03-12
1.9996 ULTA SALON COSMETICS & FRAGRANCE   2012-10-08 2013-03-12
1. ULTA SALON COSMETICS & FRAGRANCE   2012-10-30 2013-03-12
158. WILLIAMS COS INC     2013-03-12
18. COVIDIEN PLC     2013-03-12
325.686 CREDIT SUISSE COMM RET ST CO   2013-02-27 2013-04-09
.128 CREDIT SUISSE COMM RET ST CO   2012-10-27 2013-04-09
117. FLY LEASING LTD A D R   2012-10-08 2013-04-09
1066. GRUPO SIMEC A D R   2012-10-08 2013-04-09
453. HIMAX TECHNOLOGIES INC A D R   2012-10-08 2013-04-09
823. HIMAX TECHNOLOGIES INC A D R     2013-04-09
2. INTUITIVE SURGICAL INC   2012-10-08 2013-04-09
3. INTUITIVE SURGICAL INC   2012-10-19 2013-04-09
1. INTUITIVE SURGICAL INC   2012-11-01 2013-04-09
.9996 KB FINANCIAL GROUP A D R   2013-02-20 2013-04-09
208.0004 KB FINANCIAL GROUP A D R     2013-04-09
359. MELCO CROWN ENTERTAINMENT LMTD A D R   2012-11-23 2013-04-09
233. MITSUBISHI UFJ FINL GRP A D R   2012-10-08 2013-04-09
1576.373 OPPENHEIMER SENIOR FLOATING RATE Y   2012-08-09 2013-04-09
696.257 OPPENHEIMER SENIOR FLOATING RATE Y     2013-04-09
154.121 OPPENHEIMER SENIOR FLOATING RATE Y   2012-08-23 2013-04-09
96.716 OPPENHEIMER SENIOR FLOATING RATE Y   2012-12-10 2013-04-09
812.611 OPPENHEIMER SENIOR FLOATING RATE Y   2012-12-17 2013-04-09
64. ORIX CORP SPONS A D R   2012-10-08 2013-04-09
4. SALESFORCE COM INC   2012-10-08 2013-04-09
3. SALESFORCE COM INC     2013-04-09
12. SALESFORCE COM INC     2013-04-09
3. SMITH & NEPHEW P L C A D R     2013-04-09
22. SMITH & NEPHEW P L C A D R   2013-01-25 2013-04-09
209. SMITH & NEPHEW P L C A D R     2013-04-09
78. TERADATA CORP DEL     2013-04-09
15. TOYOTA MTR CORP A D R   2012-11-01 2013-04-09
59. TOYOTA MTR CORP A D R   2013-01-08 2013-04-09
143. TOYOTA MTR CORP A D R     2013-04-09
29. TRINITY BIOTECH PLC SPON A D R     2013-04-09
27. UNITED HEALTH GROUP INC     2013-04-09
26. VISA INC   2012-10-08 2013-04-09
17. COVIDIEN PLC     2013-04-09
464. COMPANHIA BRASILEIRA DE DIST A D R     2013-05-30
7460.056 NUVEEN HIGH INCOME BOND FD CL I     2013-06-07
917.336 NUVEEN HIGH INCOME BOND FD CL I   2010-08-24 2013-06-07
35968.669 P I M C O FDS TOTAL RETURN FD     2013-06-07
.5 MALLINCKRODT PLC W I   2012-10-08 2013-07-18
.3 CHINA PETROLEUM CHEM A D R   2012-10-19 2013-07-25
4.5 OSRAM LICHT     2013-07-25
.25 NEWS CORP NEW CL A W   2013-04-09 2013-08-09
1258.516 CREDIT SUISSE COMM RET ST CO     2013-08-12
648.956 OPPENHEIMER COM STR TR FD Y     2013-08-12
1326. SPDR GOLD SHARES ETF     2013-08-12
234. SPDR GOLD SHARES ETF     2013-08-12
.6484 NATIONAL GRID PLC SP A D R   2013-08-21 2013-09-06
44. ALLERGAN INC     2013-09-24
219. ANHEUSER BUSCH INBEV NV A D R   2012-10-19 2013-09-24
335. ASTRAZENECA P L C SPSD A D R   2012-10-08 2013-09-24
198. BP AMOCO PLC SPONSORED ADR     2013-09-24
35. BAIDU COM INC A D R   2013-01-25 2013-09-24
3. BAXTER INTL INC   2007-03-24 2013-09-24
1. BIOGEN IDEC INC   2012-10-08 2013-09-24
1. BIOGEN IDEC INC   2012-10-19 2013-09-24
1. BIOGEN IDEC INC   2012-11-01 2013-09-24
8. BIOGEN IDEC INC     2013-09-24
186. CVS CORP COM   2007-03-24 2013-09-24
138. CABOT OIL GAS CORP CL A     2013-09-24
232. CAREFUSION CORPORATION   2007-03-24 2013-09-24
9. CELGENE CORP   2012-10-08 2013-09-24
68. CERNER CORPORATION   2012-10-08 2013-09-24
410. COMPANHIA BRASILEIRA DE DIST A D R   2013-03-12 2013-09-24
11. CONCHO RES INC     2013-09-24
71. COSTCO WHSL CORP NEW COMMON STOCK   2012-10-08 2013-09-24
43. DANAHER CORP   2012-11-09 2013-09-24
88. DIAGEO PLC SPONSORED A D R     2013-09-24
180. E M C CORP MASS   2012-10-08 2013-09-24
126. ECOLAB INC     2013-09-24
56. EDWARDS LIFESCIENCES CORP   2007-03-24 2013-09-24
129. EXPRESS SCRIPTS HLDGS C     2013-09-24
14. THE GAP INC   2012-10-08 2013-09-24
66. GLAXO SMITHKLINE P L C A D R     2013-09-24
1. GRAINGER W W INC   2012-11-09 2013-09-24
2. GRAINGER W W INC   2013-01-08 2013-09-24
355. GRUPO SIMEC A D R     2013-09-24
57. HCA HOLDINGS INC   2013-01-08 2013-09-24
280. HIMAX TECHNOLOGIES INC A D R   2012-10-08 2013-09-24
141. HOME DEPOT INC COMMON STOCK   2012-10-19 2013-09-24
308. HUANENG PWR INTL INC SPON ADR SER N   2013-04-09 2013-09-24
85. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK     2013-09-24
43. INTUIT INC     2013-09-24
2. INTUITIVE SURGICAL INC   2012-10-08 2013-09-24
1050. KT CORP SP A D R     2013-09-24
2. LENNAR CORP CL A     2013-09-24
78. MC GRAW-HILL COS INC     2013-09-24
76. MELCO CROWN ENTERTAINMENT LMTD A D R   2012-11-23 2013-09-24
816. NATIONAL GRID PLC SP A D R   2012-10-08 2013-09-24
481. NIPPON TELEGRAPH TELE A D R   2012-10-08 2013-09-24
140. NORTHWEST NATURAL GAS CO   2007-03-24 2013-09-24
50. ADR NOVARTIS AG SPONSORED ADR ISIN #US66987V1098   2013-02-20 2013-09-24
870.609 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-08-09 2013-09-24
39.787 NUVEEN MID CAP VALUE FUND CL I   2012-08-09 2013-09-24
888.362 NUVEEN MID CAP VALUE FUND CL I   2012-10-19 2013-09-24
899.518 NUVEEN DIVIDEND VALUE FUND CLASS I     2013-09-24
210.762 NUVEEN MID CAP GRWTH OPP FD CL I   2012-08-09 2013-09-24
1. O REILLY AUTOMOTIVE INC   2012-10-08 2013-09-24
663. ORIX CORP SPONS A D R   2012-10-08 2013-09-24
6. THE PRICELINE GROUP INC   2012-10-08 2013-09-24
85. QUALCOMM INC   2012-10-19 2013-09-24
20. QUALCOMM INC     2013-09-24
882.789 T ROWE PRICE BLUE CHIP GROWTH FD   2012-08-22 2013-09-24
1. SBA COMMUNICATIONS CORP CL A   2012-10-08 2013-09-24
103. SANOFI A D R   2012-10-08 2013-09-24
21. SHIRE PLC A D R   2013-01-08 2013-09-24
196. SIRIUS XM RADIO INC   2012-11-01 2013-09-24
33. SIRIUS XM RADIO INC     2013-09-24
2. SIRIUS XM RADIO INC     2013-09-24
49. STARBUCKS CORP   2012-10-08 2013-09-24
21. STARBUCKS CORP     2013-09-24
11. STARBUCKS CORP     2013-09-24
2611. STATOIL ASA A D R     2013-09-24
1. UNILEVER N V A D R   2013-01-08 2013-09-24
1. UNION PACIFIC CORP   2012-10-08 2013-09-24
103. UNITED HEALTH GROUP INC     2013-09-24
18. VERISIGN INC   2012-10-08 2013-09-24
100. WELLS FARGO & CO NEW     2013-09-24
2286. XINYUAN REAL ESTATE CO LTD A D R   2012-10-08 2013-09-24
61. YUM BRANDS INC     2013-09-24
66. COVIDIEN PLC   2012-10-08 2013-09-24
10. MALLINCKRODT PLC W I     2013-09-24
137. MICHAEL KORS HOLDINGS LLD   2012-10-08 2013-09-24
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 5,455   4,160 1,295
b 1,911   1,553 358
c 917   852 65
d 2,282   2,334 -52
e 1,473   1,450 23
3,733   3,405 328
4,852   4,697 155
2,221   2,307 -86
402   388 14
17   17  
8,722   9,146 -424
276   229 47
19,147   13,980 5,167
5,267   4,695 572
9,133   8,280 853
274   286 -12
5,577   6,089 -512
91   101 -10
4,933   3,722 1,211
3,597   2,761 836
1,336   1,070 266
4,008   3,368 640
807   888 -81
179   197 -18
90   98 -8
5,530   5,091 439
1,177   997 180
2,544   2,566 -22
1   1  
1,803   1,613 190
14,939   13,683 1,256
2,655   933 1,722
4,824   1,877 2,947
993   1,019 -26
1,489   1,628 -139
496   544 -48
31   36 -5
6,532   7,435 -903
8,120   5,449 2,671
1,466   1,090 376
13,210   12,910 300
5,835   5,718 117
1,292   1,262 30
810   800 10
6,810   6,728 82
4,561   3,237 1,324
669   614 55
501   425 76
2,006   1,877 129
171   164 7
1,250   1,259 -9
11,879   11,523 356
4,155   5,591 -1,436
1,604   1,171 433
6,311   5,536 775
15,295   12,501 2,794
463   438 25
1,675   1,404 271
4,330   3,608 722
1,145   978 167
2     2
68,931   67,537 1,394
8,476   7,843 633
395,655   412,404 -16,749
21   21  
22   25 -3
135   165 -30
4   4  
9,200   10,058 -858
1,953   2,180 -227
171,716   227,472 -55,756
30,303   36,823 -6,520
38   37 1
4,020   4,100 -80
21,606   18,933 2,673
17,264   15,701 1,563
8,372   8,193 179
5,190   3,813 1,377
215   158 57
243   152 91
243   151 92
243   139 104
1,944   1,205 739
10,769   6,418 4,351
5,142   3,120 2,022
8,758   9,534 -776
1,312   721 591
3,351   2,647 704
19,316   22,067 -2,751
1,158   1,031 127
8,329   7,213 1,116
2,973   2,223 750
11,448   10,537 911
4,616   4,907 -291
12,431   8,541 3,890
3,885   1,389 2,496
8,034   8,262 -228
575   522 53
3,371   2,929 442
267   195 72
535   409 126
4,260   4,690 -430
2,386   1,815 571
2,848   577 2,271
10,678   8,741 1,937
12,354   13,193 -839
16,195   17,601 -1,406
2,854   2,608 246
739   1,019 -280
17,509   18,451 -942
71   78 -7
5,114   4,267 847
2,341   1,154 1,187
48,550   45,785 2,765
12,820   11,856 964
5,849   6,414 -565
3,826   3,511 315
26,789   23,176 3,613
1,188   924 264
26,535   21,063 5,472
15,724   13,260 2,464
11,474   9,758 1,716
125   86 39
55,028   33,538 21,490
5,983   3,751 2,232
5,819   5,086 733
1,369   1,242 127
50,566   39,805 10,761
77   65 12
5,204   4,561 643
2,485   2,002 483
746   571 175
126   90 36
8   6 2
3,699   2,393 1,306
1,585   1,087 498
830   539 291
59,452   67,239 -7,787
40   38 2
158   123 35
7,434   5,634 1,800
920   871 49
4,200   3,514 686
14,174   6,553 7,621
4,378   4,402 -24
4,111   3,605 506
424   419 5
10,280   7,293 2,987
      48,958
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,295
b       358
c       65
d       -52
e       23
      328
      155
      -86
      14
       
      -424
      47
      5,167
      572
      853
      -12
      -512
      -10
      1,211
      836
      266
      640
      -81
      -18
      -8
      439
      180
      -22
       
      190
      1,256
      1,722
      2,947
      -26
      -139
      -48
      -5
      -903
      2,671
      376
      300
      117
      30
      10
      82
      1,324
      55
      76
      129
      7
      -9
      356
      -1,436
      433
      775
      2,794
      25
      271
      722
      167
      2
      1,394
      633
      -16,749
       
      -3
      -30
       
      -858
      -227
      -55,756
      -6,520
      1
      -80
      2,673
      1,563
      179
      1,377
      57
      91
      92
      104
      739
      4,351
      2,022
      -776
      591
      704
      -2,751
      127
      1,116
      750
      911
      -291
      3,890
      2,496
      -228
      53
      442
      72
      126
      -430
      571
      2,271
      1,937
      -839
      -1,406
      246
      -280
      -942
      -7
      847
      1,187
      2,765
      964
      -565
      315
      3,613
      264
      5,472
      2,464
      1,716
      39
      21,490
      2,232
      733
      127
      10,761
      12
      643
      483
      175
      36
      2
      1,306
      498
      291
      -7,787
      2
      35
      1,800
      49
      686
      7,621
      -24
      506
      5
      2,987
       
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 81,684
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 211,020 3,775,289 0.055895
2011 133,100 3,761,638 0.035384
2010 52,825 2,828,906 0.018673
2009 79,505 1,243,450 0.063939
2008 437 1,074,268 0.000407
2 Total of line 1, column (d) ...................... 2 0.174298
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 0.03486
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 4,111,887
5 Multiply line 4 by line 3....................... 5 143,340
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,322
7 Add lines 5 and 6......................... 7 144,662
8 Enter qualifying distributions from Part XII, line 4.............. 8 166,961
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 1,322
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 1,322
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,322
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 5,272
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 5,272
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 3,950
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet1,324 RefundedBullet 11 2,626
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)
    bullet
    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+4bullet97208
    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     		55,432    
    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
    205,594
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    1,322
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,322
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    204,272
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    18,166
    5
    Add lines 3 and 4............................
    5
    222,438
    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
    222,438
    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 7 222,438
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 164,512
    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$ 166,961
    a Applied to 2012, but not more than line 2a 164,512
    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..... 2,449
    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 ..........     		219,989
    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:
    US BANK ATTN LINDA THOMAS-BUSH
    800 WILLAMETTE ST
    EUGENE,OR97401
    (503) 465-4120
    bThe form in which applications should be submitted and information and materials they should include:
    REQUEST FROM US BANK
    cAny submission deadlines:
    CONTACT US BANK
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESIDENTS OF GRANT COUNTY, OREGON - SCHOLARSHIPS FOR COLLEGE, UNIVERSITY, OR OTHER INSTITUTIONS OF HIGHER LEARNING.
    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
    CHEMEKETA COMM COLLEGE
    FINANCIAL AID OFFICE
    4000 LANCASTER DR NE
    SALEM,OR97309     		NONE PUBLIC SCHOLARSHIP 1,500
    OREGON STATE UNIVERSITY
    218 KERR ADMIN BUILDING
    CORVALLIS,OR97331     		NONE PUBLIC SCHOLARSHIP 46,600
    PENSACOLA CHRISTIAN COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 18000
    PENSACOLA,FL32523     		NONE PUBLIC SCHOLARSHIP 4,300
    PORTLAND COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 19000
    PORTLAND,OR97280     		NONE PUBLIC SCHOLARSHIP 3,000
    PORTLAND STATE UNIVERSITY
    FINANCIAL AID OFFICE
    PO BOX 751
    PORTLAND,OR97207     		NONE PUBLIC SCHOLARSHIP 10,300
    SOUTHERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    1250 SISKIYOU BLVD
    ASHLAND,OR97520     		NONE PUBLIC SCHOLARSHIP 7,300
    COLLEGE OF IDAHO
    FINANCIAL AID OFFICE
    2112 CLEVELAND BLVD
    CALDWELL,ID83605     		NONE PUBLIC SCHOLARSHIP 1,500
    TREASURE VALLEY COMM COLLEGE
    FINANCIAL AID OFFICE
    650 COLLEGE BLVD
    ONTARIO,OR97914     		NONE PUBLIC SCHOLARSHIP 17,600
    UNIVERSITY OF IDAHO
    FINANCIAL AID OFFICE
    PO BOX 444260
    MOSCOW,ID83844     		NONE PUBLIC SCHOLARSHIP 13,750
    UNIVERSITY OF OREGON
    FINANCIAL AID OFFICE
    1278 UNIVERSITY OF OREGON
    EUGENE,OR97403     		NONE PUBLIC SCHOLARSHIP 14,600
    WALLA WALLA COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    500 TAUSICK WAY
    WALLA WALLA,WA99362     		NONE PUBLIC SCHOLARSHIP 3,000
    WAYNE COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 8002
    GOLDSBORO,NC27533     		NONE PUBLIC SCHOLARSHIP 3,000
    WESTERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    345 N MONMOUTH AVE
    MONMOUTH,OR97361     		NONE PUBLIC SCHOLARSHIP 1,500
    WILLAMETTE UNIVERSITY
    FINANCIAL AID OFFICE
    900 STATE STREET
    SALEM,OR97301     		NONE PUBLIC SCHOLARSHIP 4,300
    WESTERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE PUBLIC SCHOLARSHIP 7,300
    SMITH COLLEGE
    COLLEGE HALL 106
    10 ELM STREET
    NORTHAMPTON,MA01063     		NONE PUBLIC SCHOLARSHIP 4,300
    SOUTHWESTERN OR COMM COLLEGE
    1988 NEWMARK AVE
    COOS BAY,OR97420     		NONE PUBLIC SCHOLARSHIP 1,125
    UNIVERSITY OF MONTANA
    32 CAMPUS DR
    MISSOULA,MT59812     		NONE LPUBLIC SCHOLARSHIP 4,300
    STICK & RUDDER AVIATION
    FINANCIAL AID OFFICE
    PO BOX 170891
    BOISE,ID83717     		NONE PUBLIC SCHOLARSHIP 4,300
    VALLEY CITY STATE UNIVERSITY
    101 COLLEGE STREET SW
    VALLEY CITY,ND58072     		NONE PUBLIC SCHOLARSHIP 4,300
    Total .................................bullet 3a 157,875
    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....     14 102,427  
    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 81,684  
    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)..   184,111  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13184,111
    (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:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 1,500     1,500

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN HIGH INCOME BOND FD 54,316 54,614

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BAXTER INTL INC    
    BOEING CO 2,081 2,965
    CVS CAREMARK CORP 35 73
    CATERPILLAR INC 1,608 2,327
    EDWARDS LIFESCIENCES CORP    
    GENERAL ELECTRIC CO 10,828 7,717
    J P MORGAN CHASE & CO 3,396 3,977
    NORTHWEST NATURAL GAS CO    
    TEXTRON INC 92 79
    XEROX CORP 4,987 3,165
    AMERICAN CENT SMALL CAP VALUE 855 1,454
    CAREFUSION CORPORATION 41 41
    CREDIT SUISSE COMM RET ST CO    
    NUVEEN REAL ESTATE SECS FD 184,661 216,319
    SPDR DJ WILSHIRE INTL 154,014 160,984
    T ROWE PRICE SC STOCK 49,916 64,820
    TFS MARKET NEUTRAL FD 115,677 111,579
    ALLERGAN INC    
    ALTERA CORP 2,378 2,578
    AMAZON COM INC 13,180 18,467
    AMERICAN TOWER CORP 6,584 7,251
    AMGEN INC 4,734 6,573
    APPLE INC 25,074 21,050
    BIOGEN IDEC INC 9,613 21,804
    BLACKROCK INC 1,579 2,439
    BORG WARNER INC 4,573 8,111
    CABOT OIL GAS CORP 1,337 1,960
    CBS CORP CLASS B NON VOTING 3,920 6,641
    CELGENE CORP 8,734 17,522
    CERNER CORPORATION 4,450 7,119
    CITRIX SYS INC 70 60
    CONCHO RES INC    
    COSTCO WHSL CORP    
    DANAHER CORP 14,500 20,652
    DELTA AIR LINES INC 2,555 6,044
    DISNEY WALT CO 1,311 1,939
    DOLLAR GENERAL CORP 7,641 8,925
    E BAY INC 5,733 6,817
    E M C CORPORATION 3,380 3,270
    ECOLAB INC 491 754
    EXPRESS SCRIPTS HLDGS    
    FACEBOOK INC 8,096 21,839
    FLUOR CORP 7,098 10,100
    FMC TECHNOLOGIES INC 5,845 6,380
    FRANKLIN RES INC 8,099 10,064
    GILEAD SCIENCES INC 5,976 14,074
    GOOGLE INC 16,577 26,744
    GRAINGER W W INC 4,628 6,120
    HALLIBURTON CO 1,708 2,280
    HCA HOLDINGS INC    
    HOME DEPOT INC    
    ILLINOIS TOOL WORKS 2,172 2,970
    INTERCONTINENTAL EXCHANGE INC 131 209
    INTL BUSINESS MACHINES CORP    
    INTUIT INC    
    INTUITIVE SURGICAL INC 3,588 3,114
    LAS VEGAS SANDS CORP 2,139 3,495
    LAUDER ESTEE COS INC 5,567 5,989
    LENNAR CORP    
    MASTERCARD INC 5,570 8,549
    MCGRAW HILL FINANCIAL INC 55 80
    MONSANTO CO 14,957 18,153
    O REILLY AUTOMOTIVE INC    
    PRECISION CASTPARTS CORP 9,454 14,183
    PRICELINE COM INC 9,898 21,581
    QUALCOMM INC 5,387 6,776
    RALPH LAUREN CORP 3,551 3,705
    RANGE RESOURCES CORP 5,295 6,626
    ROSS STORES INC 5,218 5,824
    SALESFORCE COM INC 9,644 15,717
    SBA COMMUNICATIONS CORP 7,049 10,183
    SIRIUS XM RADIO INC 4,916 6,090
    STARBUCKS CORP 4,639 6,741
    TERADATA CORP 702 551
    THE GAP INC    
    ULTA SALON COSMETICS & FRAG 4,845 4,395
    UNION PACIFIC CORP 20,646 30,304
    UNITED HEALTH GROUP INC    
    UNITED TECHNOLOGIES CORP 9,552 14,276
    VERISIGN INC 1,114 1,268
    VISA INC 14,436 23,498
    VMWARE INC 89 96
    WELLS FARGO CO    
    WILLIAMS COS INC 416 537
    YUM BRANDS INC    
    ANHEUSER BUSCH INBEV NV ADR    
    ASTRAZENCA PLC SPSD ADR REPSTG 53,902 78,195
    BAIDU COM INC ADR REPSTG 677 1,197
    BP PLC SPONS ADR    
    BRIT AMERN TOB PLC SPONS ADR 50,635 51,784
    CHINA PETROLEUM CHEM ADR 82 88
    CITY TELECOM HK LTD ADR 4,314 7,360
    COVIDIEN PLC 983 1,295
    DELHAIZE GROUP SPONS ADR 28,648 37,248
    DIAGEO PLC SPONS ADR    
    FLY LEASING LTD ADR REPSTG 53,498 58,968
    FRESENIUS MED CARE 6,431 6,458
    GLAXO SMITHKLINE PLC ADR    
    GRUPO FIN SANTANDER ADR 5,518 4,239
    GRUPO SIMEC ADR REPSTG 11,800 11,224
    HIMAX TECHNOLOGIES INC ADR 1,010 6,767
    KB FINANCIAL GROUP ADR 1,796 1,845
    KT CORP SP ADR REPSTG 12,762 10,124
    LG DISPLAY CO LTD ADR 7,575 6,861
    MELCO CROWN ENTERTAINMENT LTD    
    MICHAEL KORS HOLDINGS LLD    
    MITSUBISHI UFJ FINL GRP ADR 3,941 4,900
    MIZUHO FNL GRP ADR 26,603 25,959
    NATIONAL GRID PLC SP ADR 20,256 25,128
    NIPPON TELEGRAPH TELE ADR 60,404 70,967
    NOVARTIS AG ADR REPSTG 9,469 12,394
    NTT DOCOMO INC ADR REPSTG 29,413 29,724
    NXP SEMICONDUCTORS NV 512 956
    ORIX CORP SPONS ADR 26,660 38,624
    PT INDOSAT ADR REPSTG 4,256 2,244
    ROYAL DUTCH SHELL PLC ADR 40,144 40,443
    SANOFI ADR REPSTG 44 52
    SAP AG ADR REPSTG 3,016 3,051
    SCHLUMBERGER LTD 4,041 5,115
    SHIRE PLC ADR REPSTG 7,537 13,047
    SMITH & NEPHEW PLC ADR 38,244 50,890
    STATOIL ASA ADR REPSTG 553 579
    SUMITOMO MITSUI FINL GROUP ADR 37,905 42,264
    TEVA PHARMACEUTICAL INDS LTD 45,460 58,371
    TOYOTA MTR CORP ADR REPSTG 14,663 21,215
    TRINITY BIOTECH PLC SPON ADR 14,336 22,649
    UNILEVER NV ADR    
    WACOAL HOLDINGS CORP ADR 14,708 13,507
    WESTPAC BANKING COPR SP ADR 9,090 10,251
    WNS HOLDINGS LTD ADR 12,251 12,670
    XINYUAN REAL ESTATE CO LTD ADR 9,984 15,882
    ABERDEEN FDS EMRGN MKT INSTL 172,202 155,837
    FIDELITY CAP TR CAP APPREC FD 113,127 140,910
    LOOMIS SAYLES STRAT ALPHA 118,514 118,216
    NUVEEN DIVIDEND VALUE FUND 26,467 30,006
    NUVEEN MID CAP GRWTH OPP FD 40,944 47,279
    NUVEEN MID CAP VALUE FUND 36,130 50,433
    NUVEEN SANTA BARBARA DIV GRWTH 44,093 54,530
    NUVEEN SMALL CAP VALUE FUND 50,539 73,759
    OPPENHEIMER COM STR TR FD    
    OPPENHEIMER DEVEL MKTS FDS 192,215 203,568
    OPPENHEIMER SR FLOAT RATE 557,261 559,575
    PIMCO TOTAL RETURN FUND    
    SPDR GOLD TRUST    
    T ROWE PRICE BLUE CHIP GROWTH 71,044 105,147
    VANGUARD EQUITY INCOME 1 1
    VANGUARD INTL GROWTH FD 1 1
    VANGUARD STRATEGIC EQUITY 124,580 184,062
    VANGUARD TOTAL STK MKT INDEX 89,130 121,103
    ALEXION PHARMACEUTICALS INC 2,657 4,774
    AMERICAN EXPRESS CO 10,122 12,049
    ATHENAHEALTH INC 895 1,551
    BEST BUY CO INC 26 27
    COGNIZANT TECH SOLUTIONS 6,942 8,741
    F5 NETWORKS INC 6,080 7,864
    LULULEMON ATHLETICA INC 511 352
    MORGAN STANLEY 5,150 5,821
    NEWS CORP NEW 86 110
    PIONEER NAT RES CO 2,940 3,219
    TWENTY FIRST CENTURY FOX INC 694 839
    WYNN RESORTS LTD 6,035 9,457
    ARM HLDGS PLC ADR 5,487 5,723
    CENTRAIS ELECTR BRASIL ADR 4,133 2,636
    CHINA MOBILE LIMITED ADR 7,434 6,229
    COMPANHIA BRASIL DE DIST ADR 2,906 2,297
    COMPANHIA PARAN ENER SP ADR 19,400 15,153
    DR REDDYS LABORATORIES LTD ADR 16,793 20,380
    HUANENG PWR INTL INC 3,041 2,518
    INDUSTRIAS BACH SAB DE CV ADR 58,661 66,449
    LIBERTY GLOBAL PLC 6,842 7,530
    SIEMENS AG ADR REPSTG 4,531 5,991
    SYNGENTA AG ADR REPSTG 12,850 11,474
    TOTAL SA ADR REPSTG 18,052 23,104
    RIDGEWORTH AGRESSIVE GR STK FD 250,000 272,997

    TY 2013 LegalFeesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,164     1,164


    TY 2013 OtherDecreasesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Description Amount
    ROUNDING 8


    TY 2013 OtherExpensesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 508 0   508
    STATE CHARITABLE FILING FEES 521 0   521


    TY 2013 OtherIncreasesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Description Amount
    RETURNED SCHOLARSHIPS PY 18,166
    ADJ FOR COST CORR ON WASH SALE IN MAR 442


    TY 2013 TaxesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,514 2,514   0
    FEDERAL TAX PAYMENT - PRIOR YE 3,970 0   0
    FEDERAL ESTIMATES - PRINCIPAL 5,272 0   0
    FOREIGN TAXES ON QUALIFIED FOR 598 598   0
    FOREIGN TAXES ON NONQUALIFIED 234 234   0