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
JOHN W MCKEE EDUCATIONAL TRUST 50255290
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

23-7058723
B Telephone number (see instructions)

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

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$659,619J 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...... 8,048 8,048  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,933
b Gross sales price for all assets on line 6a 174,226
7 Capital gain net income (from Part IV, line 2)... 11,933
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 347 347  
12 Total. Add lines 1 through 11........ 20,328 20,328  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 8,034 7,230   804
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 1,594 0 0 1,594
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 157 157   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 52 52    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,337 7,439 0 3,898
25 Contributions, gifts, grants paid........ 57,100 57,100
26 Total expenses and disbursements. Add lines 24 and 25 68,437 7,439 0 60,998
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -48,109
b Net investment income (if negative, enter -0-) 12,889
c Adjusted net income (if negative, enter -0-)... 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............... 181 127 127
2 Savings and temporary cash investments.......... 10,825 10,247 10,247
3 Accounts receivable bullet93
Less: allowance for doubtful accounts bullet   554 93 93
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)........ 237,071 Click to see attachment203,745 547,020
c Investments—corporate bonds (attach schedule)........ 118,151 Click to see attachment105,265 102,132
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 57    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 366,839 319,477 659,619
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......... 366,839 319,477
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)...... 366,839 319,477
31 Total liabilities and net assets/fund balances (see instructions).. 366,839 319,477
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)............... 1 366,839
2 Enter amount from Part I, line 27a..................... 2 -48,109
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 747
4 Add lines 1, 2, and 3.......................... 4 319,477
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. 6 319,477
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 30. IPATH DOW JONES UBS COMMODITY   2007-07-17 2014-01-14
b 35. IPATH DOW JONES UBS COMMODITY   2013-09-24 2014-01-14
c 59.97 NUVEEN REAL ESTATE SECS I   2013-02-22 2014-01-14
d 30. SPDR DOW JONES INTERNATIONAL ETF   2013-05-01 2014-02-19
e 40. SPDR DOW JONES INTERNATIONAL ETF   2013-02-07 2014-02-19
11. INTERNATIONAL BUSINESS MACHS CORP   2012-08-07 2014-03-06
75. IPATH DOW JONES UBS COMMODITY   2010-10-21 2014-03-24
3. BLACKROCK INC   2013-09-24 2014-03-24
5. BOEING CO   2012-02-23 2014-03-24
25. GENERAL MILLS INC   2013-03-01 2014-03-24
25. INTEL CORP   2005-03-01 2014-03-24
185.701 P I M C O FDS TOTAL RETURN FD   2013-05-08 2014-03-24
13.151 T ROWE PRICE MID CAP GROWTH FD #64   2013-02-22 2014-03-24
21.664 T ROWE PRICE SC STOCK   2013-02-22 2014-03-24
5. SPDR GOLD SHARES ETF   2013-09-24 2014-03-24
30. SPDR DOW JONES INTERNATIONAL ETF   2013-06-12 2014-03-24
20. SPDR DOW JONES INTERNATIONAL ETF   2013-02-07 2014-03-24
169.133 LAUDUS INTERNATIONAL MARKETMASTERS   2012-11-21 2014-03-24
8. UNITED PARCEL SERVICE INC CL B   2013-05-01 2014-03-24
556.371 AMERICAN CENTY INTL BOND FD INSTL   2013-04-12 2014-04-23
17. CHEVRONTEXACO CORP   2012-11-21 2014-04-23
2. ALLERGAN INC   2014-03-24 2014-05-02
25. IPATH DOW JONES UBS COMMODITY   2010-10-21 2014-05-21
3. BLACKROCK INC   2013-09-24 2014-05-21
182.815 P I M C O FDS TOTAL RETURN FD   2010-11-22 2014-05-21
5. PEPSICO INC   2013-05-01 2014-05-21
10. PRUDENTIAL FINL INC   2013-05-01 2014-05-21
20. SPDR DOW JONES INTERNATIONAL ETF   2012-11-07 2014-05-21
20. BANK OF AMERICA CORP   2013-05-15 2014-06-17
10. ORACLE CORPORATION   2012-11-21 2014-06-17
229.568 P I M C O FDS TOTAL RETURN FD   2010-11-22 2014-06-17
5. PRUDENTIAL FINL INC   2013-05-01 2014-06-17
5. QUALCOMM INC   2003-04-30 2014-06-17
75. SPDR DOW JONES INTERNATIONAL ETF   2012-11-07 2014-06-17
5. UNITED TECHNOLOGIES CORP   2013-03-01 2014-06-17
8. WAL MART STORES INC   2013-02-22 2014-06-17
20. WELLS FARGO & CO NEW   2004-04-20 2014-06-17
5. COVIDIEN PLC   2012-08-07 2014-06-19
3. COVIDIEN PLC   2012-08-07 2014-06-26
5. APACHE CORP   2013-05-15 2014-08-01
86.73 NUVEEN REAL ESTATE SECS I   2013-02-22 2014-08-01
183.655 P I M C O FDS TOTAL RETURN FD   2010-11-22 2014-08-01
75. SPDR DOW JONES INTERNATIONAL ETF   2011-11-14 2014-08-01
54.437 SCOUT INTERNATIONAL FUND   2013-06-12 2014-08-01
5. APACHE CORP   2013-05-15 2014-08-11
536.702 BLACKROCK EMERGING MKTS L S EQTY IS   2014-03-24 2014-08-11
3. BOEING CO   2012-02-23 2014-08-11
5. CVS CORP COM   2012-08-07 2014-08-11
5. DISNEY WALT CO   2010-02-10 2014-08-11
25. DOW CHEM CO   2013-09-24 2014-08-11
5. EXELON CORP   2013-09-24 2014-08-11
10. EXPRESS SCRIPTS HLDGS C   2011-03-07 2014-08-11
3. GILEAD SCIENCES INC   2013-03-01 2014-08-11
6. GOLDMAN SACHS GROUP INC   2011-04-21 2014-08-11
1. GOOGLE INC CL A   2008-11-04 2014-08-11
1. GOOGLE INC CL C   2008-11-04 2014-08-11
5. ILLINOIS TOOL WKS INC   2013-09-24 2014-08-11
10. INTEL CORP   1997-07-23 2014-08-11
20. ISHARES JPMORGAN USD EMERG ETF   2013-05-08 2014-08-11
5. JOHNSON & JOHNSON   2013-05-08 2014-08-11
151.45 NUVEEN REAL ESTATE SECS I   2012-11-21 2014-08-11
913.242 P I M C O FDS TOTAL RETURN FD   2010-11-22 2014-08-11
5. PEPSICO INC   2013-05-01 2014-08-11
5. PRUDENTIAL FINL INC   2013-05-01 2014-08-11
3. QUALCOMM INC   2003-04-30 2014-08-11
3. ROCKWELL AUTOMATION INC   2013-09-24 2014-08-11
5. SPDR GOLD SHARES ETF   2013-09-24 2014-08-11
10. SPDR GOLD SHARES ETF   2013-02-22 2014-08-11
5. SCHLUMBERGER LTD   2008-04-03 2014-08-11
169.996 LAUDUS INTERNATIONAL MARKETMASTERS   2012-11-07 2014-08-11
72.948 SCOUT INTERNATIONAL FUND   2013-11-26 2014-08-11
37.124 SCOUT INTERNATIONAL FUND   2013-06-12 2014-08-11
5. STATE STR CORP   2012-08-07 2014-08-11
7. VERIZON COMMUNICATIONS   2013-03-01 2014-08-11
7. ACE LTD   2012-08-07 2014-08-11
5. CVS CORP COM   2012-08-07 2014-08-13
10. SOUTHWEST AIRLINES CO   2014-06-17 2014-08-21
20. IPATH DOW JONES UBS COMMODITY   2010-10-21 2014-08-22
25.2 NUVEEN REAL ESTATE SECS I   2012-11-21 2014-08-22
40.344 SCOUT INTERNATIONAL FUND   2011-04-12 2014-08-22
228.311 P I M C O FDS TOTAL RETURN FD   2010-11-22 2014-09-09
104.341 LAUDUS INTERNATIONAL MARKETMASTERS   2012-11-07 2014-09-09
67.222 SCOUT INTERNATIONAL FUND   2011-04-12 2014-09-09
5. GILEAD SCIENCES INC   2013-03-01 2014-09-10
5. ACCENTURE PLC CL A   2013-05-01 2014-09-25
20. IPATH DOW JONES UBS COMMODITY   2013-11-21 2014-10-06
687.443 P I M C O FDS TOTAL RETURN FD   2010-11-22 2014-10-06
22.925 T ROWE PRICE SC STOCK   2013-12-04 2014-10-06
29.712 SCOUT INTERNATIONAL FUND   2013-12-04 2014-10-06
70.603 SCOUT INTERNATIONAL FUND   2011-04-12 2014-10-06
110.193 P I M C O FDS TOTAL RETURN FD   2013-11-21 2014-10-17
2808.536 P I M C O FDS TOTAL RETURN FD   2013-09-24 2014-10-17
273.224 T ROWE PRICE INTL BOND FUND   2014-04-23 2014-11-12
218.818 T ROWE PRICE INTL BOND FUND   2014-04-23 2014-11-20
43.9 LAUDUS INTERNATIONAL MARKETMASTERS   2013-12-04 2014-11-20
43.589 LAUDUS INTERNATIONAL MARKETMASTERS   2010-11-22 2014-11-20
. AMERICAN INTL GROUP INC     2014-12-02
.4 CALIFORNIA RESOURCES CORP   2014-06-17 2014-12-23
. FANNIE MAE COM     2014-12-23
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,092   1,606 -514
b 1,274   1,303 -29
c 1,209   1,330 -121
d 1,237   1,381 -144
e 1,649   1,651 -2
2,070   2,198 -128
2,926   3,557 -631
903   824 79
612   379 233
1,271   1,157 114
623   570 53
1,998   2,099 -101
987   797 190
988   798 190
631   635 -4
1,197   1,206 -9
798   822 -24
3,992   3,204 788
775   681 94
7,923   7,985 -62
2,120   1,765 355
338   248 90
993   1,102 -109
898   824 74
2,000   2,109 -109
430   412 18
811   595 216
871   814 57
309   271 38
425   304 121
2,495   2,648 -153
446   297 149
396   79 317
3,280   2,996 284
584   452 132
601   562 39
1,031   561 470
458   261 197
273   156 117
504   409 95
1,997   1,835 162
2,007   2,119 -112
3,293   2,734 559
1,993   1,894 99
504   409 95
5,566   5,500 66
364   227 137
391   223 168
438   147 291
1,317   982 335
161   152 9
719   546 173
279   129 150
1,038   1,017 21
578   184 394
569   184 385
425   388 37
330   221 109
2,274   2,396 -122
506   426 80
3,521   3,169 352
10,009   10,536 -527
457   412 45
438   297 141
224   47 177
342   324 18
629   635 -6
1,257   1,523 -266
549   462 87
4,031   3,215 816
2,660   2,668 -8
1,354   1,260 94
352   207 145
342   325 17
702   513 189
394   223 171
314   266 48
728   881 -153
595   527 68
1,494   1,357 137
2,493   2,634 -141
2,492   1,972 520
2,497   2,261 236
537   215 322
395   400 -5
692   720 -28
7,500   7,931 -431
993   1,035 -42
1,047   1,072 -25
2,488   2,375 113
1,207   1,197 10
30,753   32,245 -1,492
2,497   2,656 -159
1,996   2,127 -131
1,000   1,027 -27
993   814 179
11     11
2   4 -2
14     14
      6,060
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       -514
b       -29
c       -121
d       -144
e       -2
      -128
      -631
      79
      233
      114
      53
      -101
      190
      190
      -4
      -9
      -24
      788
      94
      -62
      355
      90
      -109
      74
      -109
      18
      216
      57
      38
      121
      -153
      149
      317
      284
      132
      39
      470
      197
      117
      95
      162
      -112
      559
      99
      95
      66
      137
      168
      291
      335
      9
      173
      150
      21
      394
      385
      37
      109
      -122
      80
      352
      -527
      45
      141
      177
      18
      -6
      -266
      87
      816
      -8
      94
      145
      17
      189
      171
      48
      -153
      68
      137
      -141
      520
      236
      322
      -5
      -28
      -431
      -42
      -25
      113
      10
      -1,492
      -159
      -131
      -27
      179
      11
      -2
      14
       
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 11,933
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 49,317 1,218,486 0.040474
2012 25,502 961,112 0.026534
2011 27,285 512,649 0.053224
2010 4,079 533,264 0.007649
2009 16,897 552,768 0.030568
2 Total of line 1, column (d) ...................... 2 0.158449
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 0.03169
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,966,152
5 Multiply line 4 by line 3....................... 5 62,307
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 129
7 Add lines 5 and 6......................... 7 62,436
8 Enter qualifying distributions from Part XII, line 4.............. 8 60,998
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 1 258
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 258
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 258
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 260
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.............. 7 260
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 2
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580
    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97204
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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
     
    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 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
     
    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 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
    US BANK TRUSTEE
    1     		8,034    
    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 (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.........................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
    1,991,383
    b
    Average of monthly cash balances.......................
    1b
    4,710
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,996,093
    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
    1,996,093
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    29,941
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,966,152
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    98,308
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    98,308
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    258
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    258
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    98,050
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    98,050
    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
    98,050
    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
    60,998
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    60,998
    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
    60,998
    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 98,050
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 56,358
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 60,998
    a Applied to 2013, but not more than line 2a 56,358
    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..... 4,640
    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 ..........     		93,410
    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.... 0
    b Excess from 2011.... 0
    c Excess from 2012.... 0
    d Excess from 2013.... 0
    e Excess from 2014.... 0
    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 e-mail address of the person to whom applications should be addressed:
    O'TOOLE LAW FIRM ATTN MCKEE
    209 N MAIN
    PLENTY WOOD,MT59254
    (406) 765-1630
    bThe form in which applications should be submitted and information and materials they should include:
    OBTAIN OFFICIAL APPLICATION FROM ABOVE ADDRESS
    cAny submission deadlines:
    MUST BE SUBMITTED BY 7-15 OF EACH YEAR FOR THE FOLLOWING SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO UNDERGRADUATES WHO RESIDE IN SHERIDAN, ROOSEVELT, OR DANIELS COUNTY, MT.
    Form 990-PF (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
    TERRANCE BJORGEN
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 2,800
    CAITLIN NYBY
    CONCORIDA COLLEGE MOORHEAD
    901 8TH ST S
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 500
    HANNAH LANDERAAEN
    CARROLL COLLEGE
    1601 N BENTON AVE
    HELENA,MT59254     		NONE PUBLIC SCHOLARSHIP 500
    EMILY MARTIN
    MSU - BOZEMAN
    135 STRAND UNION BUILDING
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 2,300
    LINDSEY NELSON
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,MT58707     		NONE PUBLIC SCHOLARSHIP 500
    AMY JOHNSON
    CONCORDIA COLLEGE
    901 - 8TH ST S
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 500
    EMILY HENDRICKSON
    MONTANA TECH
    1300 W PARK
    BUTTE,MT59701     		NONE PUBLIC SCHOLARSHIP 500
    KIRSTEN TRYAN
    MONTANA STATE UNIVERSITY
    PO BOX 172190
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 500
    TRISTA SCHIPMAN
    DAKOTA COLLEGE
    105 SIMRALL BLVD
    BOTTINEAU,ND58318     		NONE PUBLIC SCHOLARSHIP 2,300
    MATT MCCOY
    DICKINSON STATE UNIVERSITY
    291 CAMPUS DRIVE
    DICKINSON,ND58601     		NONE PUBLIC SCHOLARSHIP 2,300
    COLTON HELLEGAARD
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 500
    JOSUA HEPPNER
    MONTANA STATE UNIVERSITY - BILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PUBLIC SCHOLARSHIP 2,300
    HALLIE WESTGARD
    MONTANA STATE UNIVERSITY - BILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PUBLIC SCHOLARSHIP 500
    JARETT PEDESEN
    MONTANA STATE UNIVERSITY - BOZEMAN
    PO BOX 172000
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 2,300
    JACE O'NEIL
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PUBLIC SCHOLARSHIP 2,300
    WILLIAM BRENSADAL
    FLATHEAD COMMUNITY COLLEGE
    777 GRANDVIEW DR
    KALISPELL,MT59901     		NONE PUBLIC SCHOLARSHIP 2,800
    CARL CLARITO
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 900
    ABIGAIL CYBULSKI
    UNIVERSITY OF NORTH DAKOTA
    UNIVERSITY AVE
    GRAND FORKS,ND58201     		NONE PUBLIC SCHOLARSHIP 500
    AUSTIN DESHAW
    UNIVERSITY OF NORTH DAKOTA
    UNIVERSITY AVE
    GRAND FORKS,ND58201     		NONE PUBLIC SCHOLARSHIP 2,300
    KALLIE EBERLING
    CONCORDIA COLLEGE
    901 8TH ST
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 2,300
    MICHAEL JUEL
    MONTANA STATE UNIVERSITY
    PO BOX 17200
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 1,400
    JEROD MCCRORY
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PUBLIC SCHOLARSHIP 500
    BRADY OSKSA
    NORTH DAKOTA STATE UNIVERSITY
    PO BOX 6050
    FARGO,ND58102     		NONE PUBLIC SCHOLARSHIP 2,300
    CARA STADSTAD
    CONCORDIA COLLEGE
    901 8TH ST S
    MOORHEAD,MN56562     		NONE PUBLIC SCHOLARSHIP 2,300
    LOGAN TANGEDAL
    MONTANA STATE UNIVERSITY
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PUBLIC SCHOLARSHIP 2,300
    RACHEL JUEL
    MONTANA STATE UNIVERSITY
    PO BOX 17200
    BOOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 900
    LOGAN OLSON
    MONTANA STATE UNIVERSITY
    PO BOX 17200
    BOZEMAN,MT59717     		NONE PUBLIC GENERAL SUPPORT 1,800
    NICOLE WANGERIN
    DICKINSON STATE UNIVERSITY
    291 CAMPUS DRIVE
    DICKINSON,ND58601     		NONE PUBLIC SCHOLARSHIP 1,800
    KIRSTEN TRYAN
    MONTANA STATE UNIVERSITY
    PO BOX 17200
    BOZEMAN,MT59717     		NONE PUBLIC GENERAL SUPPORT 1,800
    SHELBY O'TOOLE
    MILES COMMUNITY COLLEGE
    2715 DICKINSON STREET
    MILES CITY,MT59301     		NONE PUBLIC SCHOLARSHIP 1,800
    TYLER ORDAHL
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PUBLIC SCHOLARSHIP 1,800
    ROB NYBY
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PUBLIC SCHOLARSHIP 1,800
    CODY LINDBLOM
    MONTANA STATE UNIVERSITY - BOZEMAN
    PO BOX 172000
    BOZEMAN,MT59717     		NONE PUBLIC SCHOLARSHIP 1,800
    CASSIDY BUMMER
    GONZAGA
    502 E BOONE AVE
    SPOKANE,WA99202     		NONE PUBLIC SCHOLARSHIP 1,800
    ELIZABETH HENDRICKSON
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,ND58707     		NONE PUBLIC SCHOLARSHIP 1,800
    NICOLE KIRBY
    MILES COMMUNITY COLLEGE
    2715 DICKINSON ST
    MILES CITY,MT59301     		NONE PUBLIC SCHOLARSHIP 1,800
    Total .................................bullet 3a 57,100
    bApproved for future payment
    Total .................................bullet 3b  
    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 8,048  
    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 11,933  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aROYALTY INCOME     14 347  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   20,328  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1320,328
    (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:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN CENTY INTL BOND FD    
    PIMCO TOTAL RETURN FUND    
    ISHARES BARCLAYS TIP BOND 8,601 8,401
    ISHARES IBOXX HY CORP BOND 8,097 7,706
    ISHARES JP MORGAN EM BOND FD 5,479 5,376
    ISHARES S&P PREF STK INDX 8,688 8,677
    OPPENHEIMER SR FLOAT RATE 8,874 8,656
    LOOMIS SAYLES STRATEGIC ALPHA 12,233 11,872
    BAIRD AGGREGATE BOND FD INSTL 34,000 34,035
    FEDERATED INST HI YLD BD FD 8,500 8,157
    GOLDMAN SACHS COMM STRAT INS 3,600 2,519
    T ROWE PRICE INTL BOND FUND 3,193 2,922
    TCW EMERGING MARKETS INCOME FU 4,000 3,811

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APACHE CORP 409 313
    APPLE INC 399 5,409
    ECOLAB INC 1,661 1,881
    EXELON CORPORATION 1,062 1,298
    EXXON MOBIL CORP 1,715 2,496
    GENERAL ELEC 2,557 2,780
    GOOGLE INC 1,076 3,171
    ILLINOIS TOOL WKS 1,163 1,421
    INTEL CORP 622 1,089
    JP MORGAN CHASE & CO 1,536 2,253
    JOHNSON & JOHNSON 1,471 2,091
    MICROSOFT CORP 1,292 2,090
    ORACLE CORPORATION 980 1,529
    PEPSICO INC 1,385 1,891
    PFIZER INC 2,576 2,399
    PRAXAIR INC 1,230 1,684
    PROCTER & GAMBLE CO 1,166 1,822
    QUALCOMM INC 1,528 2,230
    STATE STR CORP 1,074 2,041
    TARGET CORPORATION 1,162 2,657
    UNITED PARCEL SERVICE INC 596 778
    UNITED TECHNOLOGIES 2,549 2,875
    VERIZON COMMUNICATIONS 1,632 2,012
    WAL MART STORES 773 945
    WELLS FARGO & CO 1,458 3,289
    SCHLUMBERGER LTD 1,595 2,135
    NUVEEN REAL ESTATE 9,170 11,872
    ISHARES MSCI EMERGING MKTS 3,991 3,762
    GOLDMAN SACHS 635 775
    MASTERCARD INC 832 2,154
    MCDONALDS 1,949 2,343
    CITIGROUP INC 1,405 1,840
    DISNEY WALT CO 1,598 2,826
    GENERAL MILLS INC    
    STARBUCKS CORP 688 2,051
    IPATH DOW JONES UBS COMMODITY 2,523 1,795
    LAUDUS INTL MARKETMASTERS FD 13,870 16,463
    CHEVRON CORPORATION    
    EXPRESS SCRIPTS 601 931
    PRUDENTIAL FINANCIAL 595 905
    SCOUT INTERNATIONAL FUND 14,663 14,695
    SPDR DJ WILSHIRE INTERNATIONAL    
    BOEING 531 910
    CVS CAREMARK CORP 936 2,023
    DOW CHEM CO 393 456
    EMERSON ELEC CO 1,311 1,235
    GILEAD SCIENCES INC 733 1,602
    INTERNATIONAL BUSINESS MACHINE    
    MARATHON OIL CORP 2,090 1,613
    P N C FINANICAL SERVICES GROUP    
    ACCENTURE PLC 801 893
    ACE LTD 953 1,493
    COVIDIEN PLC 782 1,534
    SPDR GOLD TRUST    
    T ROWE PRICE SC STOCK 8,134 9,758
    ANADRAKO PETROLEUM CORP 1,790 1,650
    BANK OF AMERICA CORP 814 1,073
    BAXTER INTERNATIONAL INC 1,383 1,466
    BLACKROCK INC    
    LOWES CO INC 1,332 2,408
    ROCKWELL AUTOMATION INC 1,297 1,334
    ABERDEEN FDS EMRGN MKT 21,582 18,263
    ROBECO BOSTON PARTNERS L S RSR 15,107 17,643
    T ROWE PRICE MID CAP GROWTH 10,177 13,163
    T ROWE PRICE MID CAP VALUE FD 11,386 13,211
    VANGUARD REIT ETF 2,532 2,754
    LS OPPORTUNITY 3,000 2,956
    T ROWE PRICE INTL GR&INC FD 5,500 4,935
    VANGUARD 500 INDEX ADMIRAL 12,500 13,313
    ABBVIE INC 514 589
    ALLERGAN INC 495 850
    AT&T INC 424 403
    CALIFORNIA RESOURCES CORP 35 22
    CAPITAL ONE FINANCIAL CORP 793 826
    HEWLETT PACKARD CO 1,500 2,007
    MORGAN STANLEY 926 1,164
    NRG ENERGY INC 517 458
    OCCIDENTAL PETROLEUM CORPORATI 1,065 887
    SOUTHWEST AIRLINES CO 374 635
    STRYKER CORP 1,373 1,604
    XILINX INC 973 996
    INVESCO LTD 1,091 1,186
    VARIOUS MINERAL INTEREST(S) 57 301,162
    MOHAWK INDS INC 1,357 1,554

    TY 2014 LegalFeesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NON-ALLOCABLE LEGAL FEES 1,594     1,594


    TY 2014 OtherExpensesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROYALTY EXPENSES 52 52   0


    TY 2014 OtherIncomeSchedule2
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 347 347  


    TY 2014 OtherIncreasesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Description Amount
       
       
       
       


    TY 2014 TaxesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN: 23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES ON QUALIFIED FOR 155 155   0
    FOREIGN TAXES ON NONQUALIFIED 2 2   0