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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
HEISEY FOUNDATION CO US BANK
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 5000   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREAT FALLS, MT59403
A Employer identification number

81-6009624
B Telephone number (see instructions)

(406) 455-1073
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$6,783,417J 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
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 148,734 148,734  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 347,754
b Gross sales price for all assets on line 6a 1,944,997
7 Capital gain net income (from Part IV, line 2)... 347,754
8 Net short-term capital gain.........  
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........ 496,488 496,488  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,614 15,968   10,646
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,459 292   292
b Accounting fees (attach schedule)....... Click to see attachment 1,900 380   380
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,991 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,314 190   2,743
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,278 16,830   14,061
25 Contributions, gifts, grants paid........ 282,450 282,450
26 Total expenses and disbursements. Add lines 24 and 25 329,728 16,830   296,511
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 166,760
b Net investment income (if negative, enter -0-) 479,658
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 100 100 100
2 Savings and temporary cash investments.......... 150,826 179,432 179,432
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 3,960 12,992 12,992
10a Investments—U.S. and state government obligations (attach schedule) 678,290 Click to see attachment673,072 689,318
b Investments—corporate stock (attach schedule)........ 3,608,839 Click to see attachment3,391,623 4,583,499
c Investments—corporate bonds (attach schedule)........ 950,049 Click to see attachment1,301,605 1,318,076
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
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) 5,392,064 5,558,824 6,783,417
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 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 4,814,658 4,981,418
25 Temporarily restricted................    
26 Permanently restricted................ 577,406 577,406
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
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 instructions)...... 5,392,064 5,558,824
31 Total liabilities and net assets/fund balances (see instructions).. 5,392,064 5,558,824
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 5,392,064
2 Enter amount from Part I, line 27a..................... 2 166,760
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 5,558,824
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,558,824
Form 990-PF (2014)
Form 990-PF (2014)
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 SECURITIES LITIGATION   2010-01-01 2014-12-31
b ABERDEEN FDS   2010-01-01 2014-12-22
c 330 SH AGILENT TECH   2010-01-01 2014-03-20
d 430 SH AMERICAN AIRLINES   2010-01-01 2014-08-18
e 355 SH APPLE INC   2010-01-01 2014-07-24
390 SH AUTODESK INC   2010-01-01 2014-12-04
1368 SH BANK OF AMERICA   2010-01-01 2014-07-24
210 SH BAXTER INTERNATIONAL   2010-01-01 2014-07-24
120 SH BOEING   2010-01-01 2014-07-24
140 SH BOEING   2010-01-01 2014-12-09
422 SH BORG WARNER   2010-01-01 2014-06-04
355 SH BRUNSWICK   2010-01-01 2014-07-31
936 SH CA INC   2014-01-01 2014-02-20
.4 SH CALIFORNIA RESOURCES   2014-01-01 2014-12-23
195 SH CARLISLE COS   2010-01-01 2014-09-03
55 SH KMX   2010-01-01 2014-06-04
280 SH CATERPILLAR INC   2010-01-01 2014-02-20
495 SH CENTURYLINK   2010-01-01 2014-12-04
130 SH CHEVRON   2010-01-01 2014-04-15
228 SH CIGNA   2010-01-01 2014-02-20
626 SH CITIGROUP   2010-01-01 2014-02-20
95 SH CITIGROUP   2014-01-01 2014-02-20
306 SH CITIGROUP   2010-01-01 2014-04-15
365 SH CITIGROUP   2010-01-01 2014-07-24
20 SH COSTCO   2014-01-01 2014-06-04
335 SH COVIDIEN   2010-01-01 2014-04-15
211 SH DOVER   2010-01-01 2014-02-20
244 SH EATON CORP   2014-01-01 2014-09-03
250 SH EMC   2010-01-01 2014-07-24
1685 SH GENERAL ELECTRIC   2014-01-01 2014-02-20
170 SH GILEAD SCIENCES   2010-01-01 2014-07-24
35 SH GOOGLE   2010-01-01 2014-09-03
30 SH GOOGLE   2010-01-01 2014-09-03
10 SH GRAINER   2014-01-01 2014-06-04
350 SH HALLIBURTON CO   2010-01-01 2014-12-04
607 SH INTEL   2010-01-01 2014-02-20
90 SH IBM   2010-01-01 2014-06-04
164 SH INTERNATIONAL PAPER   2010-01-01 2014-12-04
775 SH ISHARES CORE   2010-01-01 2014-07-24
.5 SH JARDEN   2010-01-01 2014-12-04
370 SH KOHLS   2010-01-01 2014-06-04
1868.319 SH LAUDUS   2010-01-01 2014-07-22
115 SH LIBERTY MEDIA   2010-01-01 2014-06-04
510 SH LINCOLN NATL   2010-01-01 2014-07-24
610 SH MARATHON OIL   2010-01-01 2014-05-05
330 SH MASTERCARD   2010-01-01 2014-02-20
295 SH MERCK   2010-01-01 2014-02-20
490 SH MICROSOFT   2010-01-01 2014-07-24
453 SH MONDELEZ   2010-01-01 2014-02-20
174 SH MONSANTO   2010-01-01 2014-12-04
877 SH NAVIENT CORP   2010-01-01 2014-06-04
424 SH NIELSEN   2010-01-01 2014-02-20
35 SH OCEANEERING   2010-01-01 2014-06-01
810 SH PITNEY BOWES   2010-01-01 2014-09-03
191 SH SCHLUMBERGER   2010-01-01 2014-02-20
2071.566 SH SCOUT INTERNATIONAL   2010-01-01 2014-02-18
SCOUT INTERNATIONAL LT CAP GAIN DIST   2010-01-01 2014-12-22
1988 SH STAPLES   2010-01-01 2014-03-20
350 SH STATE   2010-01-01 2014-04-14
245 SH STRYKER   2010-01-01 2014-06-01
674 SH SYMANTEC   2014-01-01 2014-02-20
357 SH UNITED HEALTH   2010-01-01 2014-02-20
140 SH UNITED TECHNOLOGIES   2010-01-01 2014-12-09
3.1354 SH VERITIV   2014-01-01 2014-10-02
385 SH VERIZON   2010-01-01 2014-12-09
200 SH WAL MART   2010-01-01 2014-07-24
348 SH WELLS FARGO   2010-01-01 2014-12-09
5410 SH XILINX   2010-01-01 2014-12-04
26000 ATT INC   2014-01-01 2014-07-15
50000 CISCO   2010-01-01 2014-11-17
50000 CS FIRT BOSTON   2010-01-01 2014-01-15
100000 FHLMC   2010-01-01 2014-06-12
25000 FHLMC   2010-01-01 2014-11-13
75000 FHLMC   2010-01-01 2014-03-07
50000 FEDERAL FARM CREDIT   2014-01-01 2014-12-02
50000 FEDERAL FARM CREDIT   2010-01-01 2014-10-01
50000 MERRILL LYNCH   2010-01-01 2014-07-15
30000 US TREASURY   2010-01-01 2014-06-05
1287.211 SH NUVEEN   2010-01-01 2014-02-18
745.625 SH NUVEEN   2010-01-01 2014-06-03
NUVEEN LT CAP GAIN DIST   2010-01-01 2014-12-18
1355 SH IPATH DOW JONES   2010-01-01 2014-02-20
(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 963     963
b 1,737     1,737
c 18,355   17,856 499
d 16,340   15,208 1,132
e 61,927   3,657 58,270
23,747   18,362 5,385
21,128   15,590 5,538
15,951   11,594 4,357
15,386   8,136 7,250
18,417   10,179 8,238
26,524   16,771 9,753
14,832   15,865 -1,033
30,775   22,947 7,828
2   3 -1
16,056   15,982 74
2,438   2,835 -397
26,930   22,985 3,945
20,454   18,667 1,787
15,240   12,797 2,443
17,617   15,173 2,444
30,974   24,032 6,942
4,701   4,061 640
14,255   13,081 1,174
17,950   17,564 386
2,319   2,322 -3
23,846   15,912 7,934
18,072   15,000 3,072
16,928   14,772 2,156
7,059   6,595 464
43,102   32,058 11,044
15,114   3,390 11,724
20,393   6,454 13,939
17,147   5,514 11,633
2,581   2,528 53
14,372   21,950 -7,578
14,857   12,509 2,348
16,574   17,948 -1,374
8,713   7,722 991
84,001   54,769 29,232
22   15 7
20,109   19,151 958
45,512   43,111 2,401
14,631   16,190 -1,559
26,673   25,837 836
22,152   18,934 3,218
25,292   7,531 17,761
16,346   12,439 3,907
22,023   12,888 9,135
15,397   14,159 1,238
20,681   18,583 2,098
13,830   9,602 4,228
19,109   15,370 3,739
2,520   2,713 -193
21,837   19,166 2,671
17,339   15,405 1,934
75,612   66,472 9,140
24,514     24,514
22,633   27,435 -4,802
23,069   12,083 10,986
20,707   18,197 2,510
14,322   14,983 -661
25,727   15,055 10,672
15,537   6,580 8,957
155   111 44
18,749   15,376 3,373
15,332   10,040 5,292
18,945   7,854 11,091
18,530   16,920 1,610
26,618   26,558 60
50,000   50,846 -846
50,000   49,027 973
100,000   100,000 0
25,000   24,863 137
75,000   75,000 0
50,000   49,975 25
50,000   50,000 0
50,000   50,050 -50
30,559   30,283 276
27,315   17,315 10,000
17,164   18,273 -1,109
6,444     6,444
51,815   70,065 -18,250
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       963
b       1,737
c       499
d       1,132
e       58,270
      5,385
      5,538
      4,357
      7,250
      8,238
      9,753
      -1,033
      7,828
      -1
      74
      -397
      3,945
      1,787
      2,443
      2,444
      6,942
      640
      1,174
      386
      -3
      7,934
      3,072
      2,156
      464
      11,044
      11,724
      13,939
      11,633
      53
      -7,578
      2,348
      -1,374
      991
      29,232
      7
      958
      2,401
      -1,559
      836
      3,218
      17,761
      3,907
      9,135
      1,238
      2,098
      4,228
      3,739
      -193
      2,671
      1,934
      9,140
      24,514
      -4,802
      10,986
      2,510
      -661
      10,672
      8,957
      44
      3,373
      5,292
      11,091
      1,610
      60
      -846
      973
      0
      137
      0
      25
      0
      -50
      276
      10,000
      -1,109
      6,444
      -18,250
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 2 347,754
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 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))
2013 275,307 6,182,747 0.044528
2012 238,089 5,701,280 0.041761
2011 291,275 5,666,184 0.051406
2010 273,911 5,403,413 0.050692
2009 285,707 5,019,897 0.056915
2 Total of line 1, column (d) ...................... 2 0.245302
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 0.049060
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,599,599
5 Multiply line 4 by line 3....................... 5 323,776
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,797
7 Add lines 5 and 6......................... 7 328,573
8 Enter qualifying distributions from Part XII, line 4.............. 8 296,511
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 (2014)
Form 990-PF (2014)
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 9,593
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 9,593
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 9,593
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 12,992
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,992
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 3,399
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,399 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 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletN/A
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (406) 455-1071
    Located atbullet300 CENTRAL AVEGREAT FALLSMT ZIP+4bullet59401
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 instructions)? ........
    1b
     
     
    .........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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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
     
     
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    DANIEL C EWEN TRUSTEE
    1.00     		0 0 0
    PO BOX 1605
    GREAT FALLS,MT59403
    MARILYN ROSE TRUSTEE
    1.00     		0 0 0
    PO BOX 1605
    GREAT FALLS,MT59403
    JOHN STEPHENSON JR TRUSTEE
    1.00     		0 0 0
    PO BOX 1605
    GREAT FALLS,MT59403
    CHRIS REIQUAM TRUSTEE
    1.00     		0 0 0
    PO BOX 1605
    GREAT FALLS,MT59403
    US BANK TRUST DEPT TRUSTEE
    5.00     		26,614 0 0
    P O BOX 5000
    GREAT FALLS,MT59403
    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 (2014)
    Form 990-PF (2014)
    Page 8
    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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    6,482,062
    b
    Average of monthly cash balances.......................
    1b
    218,039
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,700,101
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,700,101
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    100,502
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,599,599
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    329,980
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    329,980
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    9,593
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,593
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    320,387
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    320,387
    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
    320,387
    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
    296,511
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    296,511
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    296,511
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 320,387
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 282,366
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 296,511
    a Applied to 2013, but not more than line 2a 282,366
    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 2014 distributable amount..... 14,145
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		306,242
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 email address 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 (2014)
    Form 990-PF (2014)
    Page 11
    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
    BELT HIGH SCHOOL
    1 CHURCH ST
    BELT,MT59412     		NONE N/A HIGH SCHOOL STUDENT AWARD 600
    BRADYDUTTON HIGH SCHOOL
    101 2ND ST
    DUTTON,MT59433     		NONE N/A HIGH SCHOOL STUDENT AWARD 150
    BROWNING HIGH SCHOOL
    105 HIGHWAY 89
    BROWNING,MT59417     		NONE N/A HIGH SCHOOL STUDENT AWARD 3,600
    C M RUSSELL HIGH SCHOOL
    17TH AVE NW
    GREAT FALLS,MT59404     		NONE N/A HIGH SCHOOL STUDENT AWARDS 10,350
    CARROLL COLLEGE
    1601 N BENTON AVE
    HELENA,MT59601     		NONE N/A SCHOLARSHIP 13,600
    CASCADE HIGH SCHOOL
    321 CENTRAL AVE W
    CASCADE,MT59421     		NONE N/A HIGH SCHOOL STUDENT AWARDS 600
    CENTERVILLESAND COULEE SCHOOL
    693 STOCKETT RD
    SAND COULEE,MT59472     		NONE N/A HIGH SCHOOL STUDENT AWARDS 600
    CENTRAL CATHOLIC HIGH SCHOOL
    2800 18TH AVE S
    GREAT FALLS,MT59405     		NONE N/A HIGH SCHOOL STUDENT AWARD 600
    CHOTEAU HIGH SCHOOL
    204 7TH AVE NW
    CHOTEAU,MT59422     		NONE N/A HIGH SCHOOL STUDENT AWARD 1,050
    CONRAD HIGH SCHOOL
    308 S ILLINOIS STREET
    CONRAD,MT59425     		NONE N/A HIGH SCHOOL STUDENT AWARD 1,200
    CUT BANK HIGH SCHOOL
    3RD AVE SE
    CUT BANK,MT59427     		NONE N/A HIGH SCHOOL STUDENT AWARD 1,350
    FAIRFIELD HIGH SCHOOL
    13 7TH ST
    FAIRFIELD,MT59436     		NONE N/A HIGH SCHOOL STUDENT AWARD 750
    FORT BENTON HIGH SCHOOL
    1820 WASHINGTON ST
    FORT BENTON,MT59442     		NONE N/A HIGH SCHOOL STUDENT AWARD 450
    GERALDINE HIGH SCHOOL
    238 BREWSTER ST
    GERALDINE,MT59446     		NONE N/A HIGH SCHOOL STUDENT AWARD 150
    GREAT FALLS HIGH SCHOOL
    1900 2ND AVE S
    GREAT FALLS,MT59401     		NONE N/A HIGH SCHOOL STUDENT AWARD 10,050
    HIGHWOOD HIGH SCHOOL
    160 WEST ST S
    HIGHWOOD,MT59450     		NONE N/A HIGH SCHOOL STUDENT AWARD 150
    LESLEY UNIVERSITY
    29 EVERETT ST
    CAMBRIDGE,MA02138     		NONE N/A TEACHER AWARD 1,000
    LINCOLN HIGH SCHOOL
    808 MAIN ST
    LINCOLN,MT59639     		NONE N/A HIGH SCHOOL STUDENT AWARD 450
    MONTANA SCHOOL FOR THE DEAF AND BLIND
    3911 CENTRAL AVE
    GREAT FALLS,MT59401     		NONE N/A HIGH SCHOOL STUDENT AWARD 150
    MONTANA STATE UNIVERSITY
    212 ROBERT HALL
    BOZEMAN,MT59717     		NONE N/A AWARDS & SCHOLARSHIPS 61,650
    MSU NORTHERN
    PO BOX 7751
    HAVRE,MT59501     		NONE N/A SCHOLARSHIPS 15,400
    MSU-BILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE N/A SCHOLARSHIP 12,500
    NORTH TOOLE COUNTY HIGH SCHOOL
    PO BOX 710 414 3RD ST S
    SUNBURST,MT59482     		NONE N/A HIGH SCHOOL STUDENT AWARD 450
    OHIO UNIVERSITY
    1 OHIO UNIVERSITY
    ATHENS,OH45701     		NONE N/A TEACHER AWARD 1,000
    PARIS GIBSON EDUCATION CENTER
    2400 CENTRAL AVE
    GREAT FALLS,MT59401     		NONE N/A HIGH SCHOOL STUDENT AWARD 1,800
    POWER HIGH SCHOOL
    402 TETON AVE
    POWER,MT59468     		NONE N/A HIGH SCHOOL STUDENT AWARD 300
    PROFESSIONAL DEVELOPMENT INSTITUTE
    30 CORPORATE PARK 310
    IRVINE,CA92606     		NONE N/A AWARDS 1,000
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59101     		NONE N/A SCHOLARSHIP 1,500
    SHELBY HIGH SCHOOL
    1001 VALLEY ST
    SHELBY,MT59474     		NONE N/A HIGH SCHOOL STUDENT AWARD 900
    SIMMS HIGH SCHOOL
    123 WALKER ST
    SIMMS,MT59477     		NONE N/A HIGH SCHOOL STUDENT AWARD 750
    UNIVERSITY OF GREAT FALLS
    1301 20TH STREET S
    GREAT FALLS,MT59405     		NONE N/A SCHOLARSHIP 10,800
    UNIVERSITY OF MONTANA - MISSOULA
    32 CAMPUS DRIVE
    MISSOULA,MT59812     		NONE N/A SCHOLARSHIP 54,400
    UNIVERSITY OF MONTANA - MONTANA TECH
    1300 W PARK STREET
    BUTTE,MT59701     		NONE N/A SCHOLARSHIP 9,000
    UNIVERSITY OF MONTANA - WESTERN
    710 S ATLANTIC ST
    DILLON,MT59725     		NONE N/A SCHOLARSHIP & AWARDS 12,350
    UNIVERSITY OF TEXAS
    701 W NEDDERMAN DR
    ARLINGTON,TX76019     		NONE N/A TEACHER AWARD 3,000
    VALIER HIGH SCHOOL
    804 4TH ST PO BOX 528
    VALIER,MT59486     		NONE N/A HIGH SCHOOL STUDENT AWARD 300
    WALDEN UNIVERSITY
    650 SOUTH EXETER ST
    BALTIMORE,MD21250     		NONE N/A TEACHER AWARD 2,000
    LOYOLA MARYMOUNT UNIVERSITY
    1 LMU DR
    LOS ANGELES,CA90045     		NONE N/A SCHOLARSHIPS 2,000
    LIBERTY UNIVERSITY
    1971 LIVERTY UNIVERSITY DR
    LYNCHBURG,VA24502     		NONE N/A SCHOLARSHIPS 1,000
    UNIVERSITY PHOENIX
    1 CARDINALS DR
    GLENDALE,AZ85305     		NONE N/A SCOLARSHIPS 1,000
    MSU ALUMNI FOUNDATION
    1501 S 11TH AVE
    BOZEMAN,MT59715     		NONE N/A AWARDS 42,500
    Total .................................bullet 3a 282,450
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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....     14 148,734  
    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 .............     		    18 347,754  
    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).. 0 496,488 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13496,488
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    HEISEY FOUNDATION CO US BANK
    EIN: 81-6009624
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 1,900 380   380

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    HEISEY FOUNDATION CO US BANK
    EIN: 81-6009624
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,301,605 1,318,076

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    HEISEY FOUNDATION CO US BANK
    EIN: 81-6009624
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 3,391,623 4,583,499

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    HEISEY FOUNDATION CO US BANK
    EIN: 81-6009624
    US Government Securities - End of Year Book Value:

    673,072
    US Government Securities - End of Year Fair Market Value:

    689,318
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 LegalFeesSchedule
    Name:
    HEISEY FOUNDATION CO US BANK
    EIN: 81-6009624
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,459 292   292


    TY 2014 OtherExpensesSchedule
    Name:
    HEISEY FOUNDATION CO US BANK
    EIN: 81-6009624
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 1,438 0   288
    CONTRACT LABOR 2,000 0   2,000
    MISC ADMIN 686 0   455
    ADR FEES 190 190   0


    TY 2014 TaxesSchedule
    Name:
    HEISEY FOUNDATION CO US BANK
    EIN: 81-6009624
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 12,991 0   0