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
OUTCALT FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1925   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALAMOSA, CO81101
A Employer identification number

20-7432649
B Telephone number (see instructions)

(719) 589-0155
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$26,786,869J 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).............. 24,431,578
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 819 819  
4 Dividends and interest from securities...... 324,173 324,173  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 217,803
b Gross sales price for all assets on line 6a 3,121,671
7 Capital gain net income (from Part IV, line 2)... 217,803
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)....... Click to see attachment 179,654 179,654  
12 Total. Add lines 1 through 11........ 25,154,027 722,449  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,863 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 758 758   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 18 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,663 5,193   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,302 5,951   0
25 Contributions, gifts, grants paid........ 45,000 45,000
26 Total expenses and disbursements. Add lines 24 and 25 54,302 5,951   45,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 25,099,725
b Net investment income (if negative, enter -0-) 716,498
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...............      
2 Savings and temporary cash investments.......... 159,501 726,155 726,155
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) bullet3,632,768
Less: allowance for doubtful accounts bullet0 770,301 Click to see attachment3,632,768 3,632,768
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)........ 280,853 Click to see attachment19,663,499 20,164,171
c Investments—corporate bonds (attach schedule)........ 0 Click to see attachment2,282,641 2,258,389
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 bullet1,860
Less: accumulated depreciation (attach schedule) bullet1,809 69 Click to see attachment51 51
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment5,335 Click to see attachment5,335
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,210,724 26,310,449 26,786,869
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...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,210,724 26,310,449
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)...... 1,210,724 26,310,449
31 Total liabilities and net assets/fund balances (see instructions).. 1,210,724 26,310,449
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,210,724
2 Enter amount from Part I, line 27a..................... 2 25,099,725
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 26,310,449
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 26,310,449
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 SALE OF PUBLICLY TRADED SECURITIES      
b Capital Gains Dividends P    
c
d
e
(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 3,051,966   2,903,868 148,098
b 69,705     69,705
c
d
e
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       148,098
b       69,705
c
d
e
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 2 217,803
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 45,444 1,036,173 0.043858
2012 48,897 926,739 0.052762
2011 48,579 955,488 0.050842
2010 42,515 929,958 0.045717
2009 26,422 859,372 0.030746
2 Total of line 1, column (d) ...................... 2 0.223925
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 0.044785
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 14,783,830
5 Multiply line 4 by line 3....................... 5 662,094
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,165
7 Add lines 5 and 6......................... 7 669,259
8 Enter qualifying distributions from Part XII, line 4.............. 8 45,000
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 14,330
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 14,330
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 14,330
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 564
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.............. 7 564
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 13,766
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
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)
    bulletCO
    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. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletCAROLYN M KAWANABE Telephone no.bullet (719) 589-0155
    Located atbullet815 FOURTH STREETALAMOSACO ZIP+4bullet81101
    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
     
     
    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
     
    No
    .........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
    CAROLYN M KAWANABE TRUSTEE
    15.00     		2,863 0 0
    PO BOX 204
    ALAMOSA,CO81101
    KARLA SHRIVER TRUSTEE
    15.00     		0 0 0
    4485 E HWY 160
    MONTE VISTA,CO81144
    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
    10,624,437
    b
    Average of monthly cash balances.......................
    1b
    746,373
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,638,154
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,008,964
    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
    15,008,964
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    225,134
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,783,830
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    739,192
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    739,192
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    14,330
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,330
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    724,862
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    724,862
    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
    724,862
    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
    45,000
    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
    45,000
    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
    45,000
    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 7 724,862
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 37,646
    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$ 45,000
    a Applied to 2013, but not more than line 2a 37,646
    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..... 7,354
    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 ..........     		717,508
    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 e-mail address of the person to whom applications should be addressed:
    CAROLYN M KAWANABE
    PO BOX 1925
    ALAMOSA,CO81101
    (719) 589-0155
    cmkawanabe@gmail.com
    bThe form in which applications should be submitted and information and materials they should include:
    OUTCALT FOUNDATION SCHOLARSHIP APPLICATION
    cAny submission deadlines:
    MARCH 13TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SAN LUIS VALLLEY COLORADO HIGH SCHOOL SENIORS AND POST HIGH SCHOOL STUDENTS TO ATTEND AN ACCREDITED COLLEGE, UNIVERSITY, JUNIOR COLLEGE, TECHNICAL, OR TRADE SCHOOL.
    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
    COLORADO STATE VETERANS CENTER HOMELAKE
    PO BOX 97
    HOMELAKE,CO81135     		NONE PUBLIC CHARITY FURTHERENCE OF EXEMPT PURPOSE 5,000
    RIO GRANDE HOSPITAL
    310 COUNTY ROAD 14
    DEL NORTE,CO81132     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 10,000
    TU CASA INC
    PO BOX 473
    ALAMOSA,CO81101     		NONE PUBLIC CHARITY FURTHERANCE OF EXEMPT PURPOSE 5,000
    ALISSA SINCLAIR
    11363 SOUTH HIGHWAY 285
    ALAMOSA,CO81101     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    BRIANNA APODACA
    160 CURTIS LANE
    ALAMOSA,CO81101     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    MARISABEL FIERRO
    536 BRONK STREET
    MONTE VISTA,CO81144     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    COURTNEY LOGAN
    4834 N COUNTY ROAD 4 W
    MONTE VISTA,CO81144     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    ZANE FRANCESCATO
    212 BELL AVENUE
    ALAMOSA,CO81101     		NONE N/A EDUCATIONAL ASSISTANCE 5,000
    Total .................................bullet 3a 45,000
    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 ............     		    14 819  
    4 Dividends and interest from securities....     14 324,173  
    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.....     14 179,654  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 217,803  
    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).. 0 722,449 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13722,449
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    OUTCALT FOUNDATION
     
    Employer identification number

    20-7432649
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    OUTCALT FOUNDATION
          		Employer identification number

    20-7432649
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    RALPH H OUTCALT  
    PO BOX 204
     
    ALAMOSA, CO81101

    		$127,225


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    RALPH H OUTCALT ESTATE  
    PO BOX 204
     
    ALAMOSA, CO81101

    		$20,446,777


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    RALPH H OUTCALT TRUST  
    PO BOX 204
     
    ALAMOSA, CO81101

    		$3,106,250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    RALPH H OUTCALT ESTATE  
    PO BOX 204
     
    ALAMOSA, CO81101

    		$751,326


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    OUTCALT FOUNDATION
          		Employer identification number

    20-7432649
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 3500 SHARES MICROSOFT $ 127,225 2014-02-04
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 MARKETABLE SECURITIES $ 20,446,777 2014-04-27
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 PROMISSORY NOTE-SORUM TRACTOR COMPANY COMMON STOCK $ 3,106,250 2014-11-07
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    OUTCALT FOUNDATION
          		Employer identification number

    20-7432649
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 DepreciationSchedule
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2008-01-22 1,685 1,685 SL 5.000000000000 0 0    
    FILE CABINET 2008-01-29 175 106 SL 10.000000000000 18 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Name of Bond End of Year Book Value End of Year Fair Market Value
    31057.687 SHARES BRIDGE BUILDER BOND FUND 314,401 317,099
    7290.962 SHARES CAPITAL WORLD BOND FUND CL 149,411 143,778
    23075.318 SHARES JANUS FLEXIBLE BOND FD 243,221 243,675
    6441.159 SHARES JPMORGAN CORE BD FD A 75,529 75,748
    24243.6 SHARES JPMORGAN CORE PLUS BD A 202,955 201,464
    19489.921 SHARES JPMORGAN GL BOND OPPORT CL 203,874 199,577
    26078.692 SHARES JPMORGAN HIGH YIELD FD CL A 206,690 196,894
    5004.918 SHARES JPMORGAN LIMITED FURATION BD 50,099 50,049
    6509.886 SHARES JPMORGAN MORTG BKD SECS FD 75,618 75,515
    12381.938 SHARES JPMORGAN SH DUR BD SEL 134,963 134,468
    20111.016 SHARES JPMORGAN TOTAL RETURN FUND 202,748 201,713
    1644.059 SHARES METROPOLITAN WEST TOTAL RET 17,822 17,920
    14791.605 SHARES NEUBERGER BERMAN HIGH INCOME BD 136,622 132,385
    11394.722 SHARES PIMCO TOTAL RETURN FD 121,259 120,442
    2066.68 SHARES PRUDENTIAL HIGH YIELD FD 11,963 11,449
    9452.7 SHARES PRUDENTIAL TOTAL RETURN BOND 135,466 136,213

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Name of Stock End of Year Book Value End of Year Fair Market Value
    17000 SHARES AT&T 588,951 571,030
    100 SHARES CLOROX CO 8,817 10,421
    500 SHARES GARMIN LTD 17,122 26,415
    27000 SHARES GAS NATURAL 297,327 297,327
    4500 SHARES MICROSOFT 159,965 209,025
    1000 SHARES WAL-MART STORES INC 76,420 85,880
    1500 SHARES AGCO Corp 85,613 67,800
    6346.056 SHARES ALLGI NFJ DIV-INSTL INSTITU 108,143 109,216
    2000 SHARES ALLSTATE CORP 112,775 140,500
    10000 SHARES ALTRIA GROUP INC 386,550 492,700
    2918.151 SHARES AMERICAN CAPITAL WORLD G&I 135,271 134,235
    12501.626 SHARES AMERICAN CENTURY DIVERSIFIE 135,022 136,268
    1000 SHARES AMERICAN WATER WORKS CO 45,940 53,300
    359.521 SHARES AMERN EUROPACIFIC GROTHE FD 17,911 16,865
    10000 SHARES BANK OF AMERICA CORP 6.2040 (BAC-D) 249,150 251,200
    4502.436 SHARES BLACKROCK EQUITY DIVIDEND 113,289 112,336
    2000 SHARES BOEING CO 258,370 259,960
    500 SHARES BP SP ADR 24,923 19,060
    3000 SHARES CATERPILLAR INC 312,855 274,590
    15000 SHARES CENTURYLINK INC 518,250 593,700
    3000 SHARES CHESAPEAKE ENERGY CORP 81,854 58,710
    9000 SHARES CHEVRON CORP 1,117,260 1,009,620
    1000 SHARES CHIMERA INVESTMENT CORP 15,550 3,180
    1000 SHARES CIMAREX ENERGY CO 120,575 106,000
    4000 SHARES CISCO SYSTEMS INC 92,400 111,260
    1300 SHARES CITIGROUP INC 62,465 70,343
    53.3 SHARES CLRBRG AGGR GR I SHS I 12,010 11,769
    60000 SHARES COCA COLA CO 2,443,500 2,533,200
    400 SHARES COLGATE PALMOLIVE CO 26,572 27,676
    131.069 SHARES COLUMBIA ACORN TR, ACORN IN 6,206 5,470
    2000 SHARES CONOCOPHILLIPS 148,800 138,120
    1247 SHARES DAIMLER AG 114,475 102,753
    1000 SHARES DISCOVER FINANCIAL SERVICES 55,655 65,490
    65.657 SHARES DODGE & COX STK FD 12,022 11,880
    3024.261 SHARES DODGE & COX INTL STOCK FD 137,306 127,352
    6961.206 SHARES DREYFUS PREMIER INTERNATION 107,551 102,121
    5000 SHARES DUKE ENERGY CORP 367,825 417,700
    1000 SHARES ENCANA CORP 22,795 13,870
    5000 SHARES FORD MOTOR CO 79,025 77,500
    396.03 SHARES FRANKLIN MUTUAL SHRS CORP F 12,098 11,691
    30000 SHARES GENERAL ELECTRIC 800,250 758,100
    4000 SHARES GENERAL MILLS INC 209,620 213,320
    1000 SHARES GOLD RESOURCE CORP 4,805 3,380
    2000 SHARES HALLIBURTON CO 126,200 78,660
    210.564 SHARES HARBOR FD INTL 15,042 13,640
    1000 SHARES HOME DEPOT 79,365 104,970
    5000 SHARES INTEL CORP 132,262 181,450
    2400 SHARES IBM 455,736 385,056
    4154.692 SHARES INVESCO GROWTH & INCOME FD 118,498 110,307
    674.456 SHARES IRONBRIDGE SMID CAP FD 10,503 8,802
    611.769 SHARES JOHN HANCOCK DISCIPLINED VA 12,130 12,217
    3000 SHARES JP MORGAN CHASE & CO 167,985 187,740
    54243.52 SHARES JPMORGAN FED MMKT FD 54,244 54,244
    3131.74 SHARES JPMORGAN MID CAP VALUE FD 116,826 116,344
    1000 SHARES KRAFT FOODS GROUP 56,720 62,660
    4000 SHARES KROGER CO 180,121 256,840
    331.866 SHARES MAINSTAY ICAP SELECT EQUITY 16,779 15,246
    10365.392 SHARES MANNING & NAPIER FD INC 87,162 75,978
    504.897 SHARES MANNING & NAPIER FD INC PRO 10,505 8,598
    1500 SHARES MCDONALDS CORP 150,101 140,550
    2288 SHARES MERCK & CO INC 131,225 129,936
    1586.039 SHARES MFS EMERGING GROWTH FD 111,589 113,418
    505.734 SHARES MFS INTERNATIONAL VALUE FD 18,269 17,468
    526.147 SHARES MFS VALUE FD 18,358 18,473
    1000 SHARES MONDELEZ INT 35,280 36,325
    12000 SHARES MORGAN STANLEY 368,100 465,600
    499 SHARES MOTOROLA SOLUTIONS INC 31,225 33,573
    2505.683 SHARES NEUBERGER BERMAN GENESIS 146,121 141,822
    1000 SHARES NEWMONT MINING CORP 26,055 18,900
    5000 SHARES NORFOLK SOUTHERN CORP 471,875 548,050
    2827 SHARES OWENS ILL INC 90,704 76,301
    26005 SHARES PFIZER INC 797,638 810,056
    1400 SHARES PHILIP MORRIS INT 117,320 114,030
    5000 SHARES PITNEY BOWES 125,200 121,850
    10000 SHARES PNM RESOURCES 278,450 296,300
    151.864 SHARES PRUDENTIAL JENNISON MID CAP 6,483 6,079
    213 SHARES SEVENTY SEVEN ENERGY INC 4,981 1,152
    500 SHARES SPECTRA ENERGY CORP 19,494 18,150
    200 SHARES STATOILHYDRO 5,752 3,522
    2533.322 SHARES TROWE PRICE EQUITY INCOME 85,654 83,093
    715.878 SHARES TROWE PRICE INTL STK FD 12,173 11,175
    5694.416 SHARES TROWE PRICE LG CAP GROWTH 160,276 156,483
    2000 SHARES WENDY'S COMPANY 16,700 18,060
    4000 SHARES UNION PAC CORP 378,010 476,520
    1000 SHARES US STEEL CORP 26,815 26,740
    1000 SHARES VERIZON COMM 46,050 46,780
    153.635 SHARES VICTORY SYCAMORE SMALL COMP 6,424 6,064
    12000 SHARES WELLS FARGO & CO 590,700 657,840
    1000 SHARES WILLIAMS COS INC 41,330 44,940
    667 SHARES WPX ENERGY INC 14,187 7,757
    20140 SHARES XCEL ENERGY INC 639,949 723,429
    115000 SHARES ZIONS BANCORP 3,347,650 3,278,650

    TY 2014 LandEtcSchedule2
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 1,685 1,685 0 0
    FILE CABINET 175 124 51 51


    TY 2014 OtherAssetsSchedule
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE   5,335 5,335


    TY 2014 OtherExpensesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 470 0   0
    INVESTMENT MANAGEMENT FEES 5,193 5,193   0


    TY 2014 OtherIncomeSchedule2
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ANDERSON LLC 45,224 45,224 45,224
    THOMAS GREG CURTIS 7,677 7,677 7,677
    DENNIS CURTIS 3,543 3,543 3,543
    PETER DEVINE 3,543 3,543 3,543
    OPPENHEIMER RETIREMENT 119,667 119,667 119,667


    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 OtherNotesLoansRcvblLongSch
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    NONE 807,500 733,755 2012-12 2022-12 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $6,814.14 FOR 10 YEARS 600.0000000000 % 1407 TREMONT, ALAMOSA CO 81101 FINANCE SALE OF 1403 TREMONT, ALAMOSA, CO 81101   0
    THOMAS G AND KAY L CURTIS NONE 1,615,250 1,507,487 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $5,720 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   0
    DENNIS CURTIS NONE 745,500 695,763 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $2,640 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   0
    PETER AND ETHEL J DEVINE NONE 745,500 695,763 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $2,640 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   0

    TY 2014 SubstantialContributorsSch
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Name Address
    RALPH H OUTCALT PO BOX 204
    ALAMOSA,CO81101
     
          		PO BOX 204
    ALAMOSA,CO81101
     
          		PO BOX 204
    ALAMOSA,CO81101


    TY 2014 TaxesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN: 20-7432649
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID STERNE AGEE 42 42   0
    FOREIGN TAXES PAID EJ #2189819 85 85   0
    FOREIGN TAXES PAID EJ #2181519 631 631   0