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
RALPH HAUGSE MEMORIAL TRUST 50255000
 

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

27-6400625
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$6,065,456J 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...... 154,099 154,099  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 162,879
b Gross sales price for all assets on line 6a 1,602,573
7 Capital gain net income (from Part IV, line 2)... 162,879
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 316,978 316,978  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 42,794 38,515   4,279
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 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 6,665 967   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 17     17
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 50,976 39,482 0 5,796
25 Contributions, gifts, grants paid........ 474,500 474,500
26 Total expenses and disbursements. Add lines 24 and 25 525,476 39,482 0 480,296
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -208,498
b Net investment income (if negative, enter -0-) 277,496
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...............      
2 Savings and temporary cash investments.......... 78,950 62,827 62,827
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,442 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 149,879 Click to see attachment149,879 148,613
b Investments—corporate stock (attach schedule)........ 2,406,860 Click to see attachment2,673,891 3,755,147
c Investments—corporate bonds (attach schedule)........ 2,494,122 Click to see attachment2,003,019 2,098,869
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,131,253 4,889,616 6,065,456
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......... 5,131,253 4,889,616
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 5,131,253 4,889,616
31 Total liabilities and net assets/fund balances (see instructions).. 5,131,253 4,889,616
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 5,131,253
2 Enter amount from Part I, line 27a..................... 2 -208,498
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1
4 Add lines 1, 2, and 3.......................... 4 4,922,756
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 33,140
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,889,616
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 35. CVS CORP COM   2013-05-29 2014-08-13
b 979.433 BLACKROCK EMERGING MKTS L S EQTY IS   2014-02-11 2014-08-14
c 160. GENERAL MILLS INC   2011-01-26 2014-08-14
d 300. MFC ISHARES TR MSCI EAFE INDEX FD   2011-07-01 2014-08-14
e 360. LINCOLN NATL CORP COM   2013-09-26 2014-08-14
369. SOUTHWEST AIRLINES CO   2014-03-25 2014-08-21
100. AMERICAN ELEC PWR INC   2010-06-30 2014-08-25
20. AMERICAN TOWER CORP   2013-11-21 2014-08-25
400. IPATH DOW JONES UBS COMMODITY   2010-10-28 2014-08-25
700. MFC ISHARES TR MSCI EAFE INDEX FD   2011-07-01 2014-08-25
250. ISHARES RUSSELL 2000 INDEX ETF   2011-02-01 2014-08-25
43. NOW INC DE W I   2011-02-07 2014-08-25
10. POLARIS INDS INC   2013-05-29 2014-08-25
200. SPDR DOW JONES INTERNATIONAL ETF   2011-11-07 2014-08-25
25. WAL MART STORES INC   2011-02-01 2014-08-25
92. GILEAD SCIENCES INC   2011-04-12 2014-09-10
478. E M C CORP MASS   2011-03-16 2014-09-25
6836.828 P I M C O FDS TOTAL RETURN FD   2013-09-26 2014-10-15
1000. SPDR DOW JONES INTERNATIONAL ETF   2011-11-14 2014-10-15
200. IPATH DOW JONES UBS COMMODITY   2010-10-28 2014-10-24
404. MFC ISHARES TR MSCI EAFE INDEX FD   2013-11-21 2014-10-24
457.457 P I M C O FDS TOTAL RETURN FD   2013-09-26 2014-10-24
. AMERICAN INTL GROUP INC     2014-12-02
.4 CALIFORNIA RESOURCES CORP   2013-05-29 2014-12-23
. FANNIE MAE COM     2014-12-23
200. IPATH DOW JONES UBS COMMODITY   2010-10-28 2015-01-14
46.4 CALIFORNIA RESOURCES CORP   2014-07-23 2015-01-14
65.6 CALIFORNIA RESOURCES CORP   2013-05-29 2015-01-14
1123.596 ROWE T PRICE INTL FDS INC INTL BD FD   2014-07-16 2015-01-14
710.732 ABERDEEN FDS EMRGN   2013-05-13 2015-01-22
220.006 NUVEEN SYMPHONY MID CAP CORE I   2014-06-02 2015-01-22
924.214 P I M C O FDS TOTAL RETURN FD   2013-11-21 2015-01-22
1685.393 ROWE T PRICE INTL FDS INC INTL BD FD   2014-06-12 2015-01-22
1193.317 LS OPPORTUNITY   2014-08-25 2015-01-22
100. COVIDIEN PLC   2014-06-02 2015-01-27
139. COVIDIEN PLC   2012-06-01 2015-01-27
.484 MEDTRONIC PLC   2015-01-27 2015-02-05
1145.475 ROWE T PRICE INTL FDS INC INTL BD FD   2014-06-02 2015-03-04
771.605 LS OPPORTUNITY   2014-06-02 2015-03-04
100. AMERICAN ELEC PWR INC   2010-06-30 2015-03-12
100. APACHE CORP   2009-08-11 2015-03-12
25. GOLDMAN SACHS GROUP INC   2010-08-02 2015-03-12
1604.278 GOLDMAN SACHS COMM STRAT INS   2014-06-12 2015-03-12
550. MFC ISHARES TR MSCI EAFE INDEX FD   2013-11-21 2015-03-12
30. MERCK AND CO INC   2013-05-13 2015-03-12
2208.481 NUVEEN STRATEGIC INCOME I   2014-10-15 2015-03-12
2955.083 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-21 2015-03-12
50. UNITED HEALTH GROUP INC   2011-02-07 2015-03-12
1450.569 LS OPPORTUNITY   2014-06-02 2015-03-12
70. WYNN RESORTS LTD   2013-05-13 2015-03-12
230. NIELSEN NV   2013-05-29 2015-03-12
75. ALLERGAN INC   2014-03-26 2015-03-17
277. SOUTHWEST AIRLINES CO   2014-03-25 2015-03-18
90. SOUTHWEST AIRLINES CO   2014-02-20 2015-03-18
1000. MARATHON OIL CORPORATION   2014-08-25 2015-04-01
.6225 ACTAVIS PLC   2015-03-17 2015-04-01
2463.054 ABERDEEN FDS EMRGN   2013-05-13 2015-04-06
25. AMERICAN TOWER CORP   2013-11-21 2015-04-06
179. APACHE CORP   2009-08-11 2015-04-06
100. BORG WARNER INC   2013-05-13 2015-04-06
40. GOLDMAN SACHS GROUP INC   2010-08-02 2015-04-06
100. MERCK AND CO INC   2013-05-13 2015-04-06
1154.734 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-21 2015-04-06
50. UNITED PARCEL SERVICE INC CL B   2012-07-03 2015-04-06
27. ACTAVIS PLC   2015-03-17 2015-04-06
50000. BARCLAYS BK PLC 7.800% 4/07/15   2010-04-27 2015-04-07
93. WAL MART STORES INC   2011-02-07 2015-04-07
142. GILEAD SCIENCES INC   2011-04-12 2015-04-15
100000. NOVARTIS CAPITAL 2.900% 4/24/15   2010-05-04 2015-04-24
1713.502 ABERDEEN FDS EMRGN   2013-05-13 2015-04-27
180. ISHARES RUSSELL 2000 INDEX ETF   2011-02-01 2015-04-27
2677.23 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-21 2015-04-27
1027.749 ROWE T PRICE INTL FDS INC INTL BD FD   2014-08-25 2015-04-27
35. GOLDMAN SACHS GROUP INC   2010-08-02 2015-04-28
50. MASTERCARD INC   2011-01-26 2015-04-28
100. MERCK AND CO INC   2013-05-13 2015-04-28
100. PG&E CORP   2011-04-28 2015-04-28
.1317 GOOGLE INC   2012-01-20 2015-05-07
1046.755 ABERDEEN FDS EMRGN   2013-06-07 2015-05-08
100. ISHARES RUSSELL 2000 INDEX ETF   2011-02-01 2015-05-08
81. CIGNA CORP   2013-05-29 2015-06-18
40. UNITED HEALTH GROUP INC   2011-02-07 2015-06-18
. BANK OF AMERICA CORP     2015-06-29
1484.781 ABERDEEN FDS EMRGN   2013-06-07 2015-06-30
500. IPATH DOW JONES UBS COMMODITY   2010-10-28 2015-06-30
270. BORG WARNER INC   2013-05-13 2015-06-30
10. GOLDMAN SACHS GROUP INC   2010-06-03 2015-06-30
2208.507 GOLDMAN SACHS COMM STRAT INS   2014-08-25 2015-06-30
416.165 GOLDMAN SACHS COMM STRAT INS   2014-06-02 2015-06-30
10. GOOGLE INC   2012-01-20 2015-06-30
100. INTEL CORP   2009-08-11 2015-06-30
1000. MFC ISHARES TR MSCI EAFE INDEX FD   2013-11-21 2015-06-30
100. ISHARES RUSSELL 2000 INDEX ETF   2011-02-01 2015-06-30
100. ISHARES JPMORGAN USD EMERG ETF   2011-04-28 2015-06-30
50. MASTERCARD INC   2011-01-26 2015-06-30
100. MERCK AND CO INC   2013-05-13 2015-06-30
50. MICROSOFT CORP   2009-08-11 2015-06-30
55. ORACLE CORPORATION   2010-06-30 2015-06-30
100. PG&E CORP   2011-04-28 2015-06-30
25. PEPSICO INC   2009-08-11 2015-06-30
10. PRAXAIR INC   2014-06-02 2015-06-30
15. PRAXAIR INC   2014-07-23 2015-06-30
10. ROCKWELL AUTOMATION INC   2013-05-29 2015-06-30
100. MIDCAP SPDR TRUST SERIES I E T F   2011-04-12 2015-06-30
50. SCHLUMBERGER LTD   2009-08-11 2015-06-30
50. UNITED PARCEL SERVICE INC CL B   2012-07-03 2015-06-30
40. UNITED HEALTH GROUP INC   2011-02-07 2015-06-30
526. VANGUARD GLBL EX US REAL ESTATE ETF   2014-10-15 2015-06-30
50. WAL MART STORES INC   2011-02-07 2015-06-30
50. XILINX INC   2014-09-25 2015-06-30
70. CIGNA CORP   2013-05-29 2015-07-10
1106.195 ABERDEEN FDS EMRGN   2013-11-21 2015-07-14
683.06 GOLDMAN SACHS COMM STRAT INS   2014-06-02 2015-07-14
200. MFC ISHARES TR MSCI EAFE INDEX FD   2011-07-01 2015-07-14
82. ISHARES JPMORGAN USD EMERG ETF   2011-04-28 2015-07-14
638.57 TCW EMERGING MARKETS INCOME FUND   2014-07-23 2015-07-14
551.471 ABERDEEN FDS EMRGN   2013-11-21 2015-07-17
300. MFC ISHARES TR MSCI EAFE INDEX FD   2011-01-03 2015-07-17
100. ISHARES RUSSELL 2000 INDEX ETF   2011-02-01 2015-07-17
250. ISHARES JPMORGAN USD EMERG ETF   2011-04-28 2015-07-17
15. BOEING CO   2012-02-23 2015-07-21
9. GILEAD SCIENCES INC   2011-04-12 2015-07-21
8. GOLDMAN SACHS GROUP INC   2010-06-17 2015-07-21
100. ISHARES RUSSELL 2000 INDEX ETF   2011-02-01 2015-07-21
20. MASTERCARD INC   2011-01-26 2015-07-21
5. MCKESSON HBOC INC COM   2010-11-15 2015-07-21
25. PEPSICO INC   2009-08-11 2015-07-21
37. MIDCAP SPDR TRUST SERIES I E T F   2010-11-03 2015-07-21
35. SCHLUMBERGER LTD   2009-08-11 2015-07-21
7. 3M CO   2009-08-11 2015-07-21
15. UNITED PARCEL SERVICE INC CL B   2009-08-11 2015-07-21
25. ROYAL CARIBBEAN CRUISES LTD   2013-05-29 2015-07-21
772.201 ABERDEEN FDS EMRGN   2013-11-21 2015-07-28
250. INTEL CORP   2009-08-11 2015-07-28
35. JARDEN CORP   2013-05-13 2015-07-28
25. MCKESSON HBOC INC COM   2010-11-15 2015-07-28
20. POLARIS INDS INC   2013-05-29 2015-07-28
35. ROCKWELL AUTOMATION INC   2013-05-29 2015-07-28
190.404 ABERDEEN FDS EMRGN   2013-11-21 2015-07-31
100. INTEL CORP   2009-08-11 2015-07-31
100. ISHARES JPMORGAN USD EMERG ETF   2011-01-07 2015-07-31
20. PRUDENTIAL FINL INC   2011-03-16 2015-07-31
25. ROCKWELL AUTOMATION INC   2013-05-29 2015-07-31
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 2,756   2,076 680
b 10,147   10,000 147
c 8,423   5,712 2,711
d 19,812   18,243 1,569
e 18,694   15,379 3,315
11,573   8,781 2,792
5,287   3,272 2,015
1,970   1,554 416
14,548   17,732 -3,184
46,864   42,420 4,444
28,914   19,828 9,086
1,415   1,351 64
1,478   918 560
8,986   6,902 2,084
1,889   1,406 483
9,874   1,892 7,982
13,796   12,328 1,468
74,932   75,072 -140
39,699   34,451 5,248
6,736   8,866 -2,130
25,060   26,595 -1,535
5,005   4,941 64
492     492
2   3 -1
449     449
5,747   8,866 -3,119
177   411 -234
251   536 -285
10,056   11,043 -987
10,142   11,500 -1,358
8,160   7,500 660
10,009   10,065 -56
14,848   16,503 -1,655
15,084   15,531 -447
12,365   7,274 5,091
13,627   6,550 7,077
36   37 -1
9,954   11,174 -1,220
10,023   9,846 177
5,589   3,272 2,317
6,056   8,700 -2,644
4,720   3,807 913
5,968   9,470 -3,502
34,776   36,207 -1,431
1,678   1,382 296
24,823   25,000 -177
25,089   28,813 -3,724
5,732   2,106 3,626
18,915   18,123 792
8,814   9,729 -915
9,906   7,924 1,982
18,116   9,312 8,804
12,506   6,592 5,914
4,063   1,931 2,132
26,767   36,771 -10,004
183   190 -7
35,443   39,852 -4,409
2,437   1,942 495
11,531   15,573 -4,042
6,217   4,090 2,127
7,695   6,091 1,604
5,707   4,606 1,101
10,046   11,259 -1,213
4,849   3,967 882
8,039   8,241 -202
50,000   50,717 -717
7,530   5,220 2,310
14,737   2,920 11,817
100,000   100,698 -698
25,000   27,724 -2,724
22,408   14,276 8,132
23,319   26,104 -2,785
8,952   9,990 -1,038
6,885   5,329 1,556
4,472   1,201 3,271
6,022   4,606 1,416
5,173   4,620 553
70   39 31
15,188   16,330 -1,142
12,249   7,931 4,318
12,660   5,538 7,122
4,832   1,685 3,147
1,436     1,436
20,178   22,316 -2,138
14,397   22,129 -7,732
15,307   11,043 4,264
2,082   1,438 644
8,569   12,500 -3,931
1,615   2,426 -811
5,227   2,587 2,640
3,022   1,879 1,143
63,364   64,836 -1,472
12,455   7,931 4,524
10,986   10,727 259
4,649   1,201 3,448
5,698   4,606 1,092
2,201   1,161 1,040
2,209   1,201 1,008
4,889   4,620 269
2,335   1,431 904
1,192   1,339 -147
1,788   1,972 -184
1,244   885 359
27,288   16,468 10,820
4,260   2,650 1,610
4,847   3,709 1,138
4,876   1,685 3,191
29,114   28,651 463
3,544   2,806 738
2,201   2,143 58
10,958   4,786 6,172
14,967   16,581 -1,614
2,500   3,982 -1,482
12,956   12,079 877
8,982   8,796 186
4,994   5,639 -645
7,489   8,195 -706
19,573   17,568 2,005
12,553   7,931 4,622
27,427   26,792 635
2,165   1,137 1,028
1,056   185 871
1,686   1,130 556
12,429   7,810 4,619
1,928   480 1,448
1,157   325 832
2,422   1,431 991
10,065   5,614 4,451
2,949   1,855 1,094
1,088   497 591
1,472   803 669
2,106   883 1,223
10,062   11,475 -1,413
7,210   4,696 2,514
1,898   1,115 783
5,661   1,624 4,037
2,731   1,837 894
4,146   3,099 1,047
2,511   2,829 -318
2,888   1,879 1,009
10,961   10,689 272
1,765   1,190 575
2,920   2,213 707
      21,702
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       680
b       147
c       2,711
d       1,569
e       3,315
      2,792
      2,015
      416
      -3,184
      4,444
      9,086
      64
      560
      2,084
      483
      7,982
      1,468
      -140
      5,248
      -2,130
      -1,535
      64
      492
      -1
      449
      -3,119
      -234
      -285
      -987
      -1,358
      660
      -56
      -1,655
      -447
      5,091
      7,077
      -1
      -1,220
      177
      2,317
      -2,644
      913
      -3,502
      -1,431
      296
      -177
      -3,724
      3,626
      792
      -915
      1,982
      8,804
      5,914
      2,132
      -10,004
      -7
      -4,409
      495
      -4,042
      2,127
      1,604
      1,101
      -1,213
      882
      -202
      -717
      2,310
      11,817
      -698
      -2,724
      8,132
      -2,785
      -1,038
      1,556
      3,271
      1,416
      553
      31
      -1,142
      4,318
      7,122
      3,147
      1,436
      -2,138
      -7,732
      4,264
      644
      -3,931
      -811
      2,640
      1,143
      -1,472
      4,524
      259
      3,448
      1,092
      1,040
      1,008
      269
      904
      -147
      -184
      359
      10,820
      1,610
      1,138
      3,191
      463
      738
      58
      6,172
      -1,614
      -1,482
      877
      186
      -645
      -706
      2,005
      4,622
      635
      1,028
      871
      556
      4,619
      1,448
      832
      991
      4,451
      1,094
      591
      669
      1,223
      -1,413
      2,514
      783
      4,037
      894
      1,047
      -318
      1,009
      272
      575
      707
       
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 2 162,879
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 320,909 6,294,739 0.050981
2012 318,241 5,852,726 0.054375
2011 284,624 5,552,758 0.051258
2010 251,964 5,766,364 0.043695
2009 4,386 5,203,150 0.000843
2 Total of line 1, column (d) ...................... 2 0.201152
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 0.04023
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,363,816
5 Multiply line 4 by line 3....................... 5 256,016
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,775
7 Add lines 5 and 6......................... 7 258,791
8 Enter qualifying distributions from Part XII, line 4.............. 8 480,296
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 2,775
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,775
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,775
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 4,180
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 4,180
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 1,405
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,405 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)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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+4bullet97208
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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     		42,794    
    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
    6,322,427
    b
    Average of monthly cash balances.......................
    1b
    138,300
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,460,727
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,460,727
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    96,911
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,363,816
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    318,191
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    318,191
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    2,775
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,775
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    315,416
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    315,416
    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
    315,416
    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
    480,296
    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
    480,296
    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
    2,775
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    477,521
    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 7 315,416
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 225,898
    b Total for prior years:20, 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$ 480,296
    a Applied to 2013, but not more than line 2a 225,898
    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..... 254,398
    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 ..........     		61,018
    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:
    REBEKAH FINK -US BANK PCG
    302 N LAST CHANCE GULCH
    HELENA,MT59601
    (503) 464-4909
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT REBEKAH FINK
    cAny submission deadlines:
    CONTACT REBEKAH FINK
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS FOR GRADUATES OF GREAT FALLS, MT HIGH SCHOOLS
    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
    CARROLL COLLEGE
    1601 N BENTON AVENUE
    HELENA,MT59625     		NONE COLLEGE SCHOLARSHIPS 24,000
    MONTANA STATE UNIVERSITY
    135 STRAND UNION BLDG
    PO BOX 172000
    BOZEMAN,MT59717     		NONE UNIVERSITY SCHOLARSHIPS 186,500
    MONTANA TECH OF THE UOM
    1300 WEST PARK ST
    BUTTE,MT59701     		NONE UNIVERSITY SCHOLARSHIPS 12,000
    UNIVERSITY OF GREAT FALLS
    1301 20TH ST SOUTH
    GREAT FALLS,MT59405     		NONE UNIVERSITY SCHOLARSHIPS 12,000
    UNIVERSITY OF MARY
    7500 UNIVERSITY DRIVE
    BISMARCK,ND58504     		NONE UNIVERSITY SCHOLARSHIPS 12,000
    UNIVERSITY OF MONTANA
    LOMMASSON CTR-RM #218
    32 CAMPUS DRIVE
    MISSOULA,MT59812     		NONE UNIVERSITY SCHOLARSHIPS 72,000
    UNIV OF MONTANA-WESTERN
    710 SOUTH ATLANTIC ST
    DILLON,MT59725     		NONE UNIVERSITY SCHOLARSHIPS 12,000
    ROCKHURST UNIVERSITY
    1100 ROCKHURST UNIVERSITY
    KANSAS CITY,MO64110     		NONE UNIVERSITY SCHOLARSHIPS 12,000
    MONTANA STATE UNIVERSITY - NORTHERN
    300 13TH STREET W
    HAVRE,MT59501     		NONE PUBLIC GENERAL 24,000
    BABSON COLLEGE
    231 FOREST STREET
    BABSON PARK,MA02457     		NONE PUBLIC GENERAL 12,000
    MISSOULA COLLEGE
    909 SOUTH AVE W
    MISSOULA,MT59801     		NONE PUBLIC GENERAL 24,000
    GEORGE WASHINGTON UNIVERSITY
    2121 I STREET NW
    WASHINGTON,DC20052     		NONE PUBLIC GENERAL 12,000
    PENN STATE
    UNIVERSITY PARK
    STATE COLLEGE,PA16801     		NONE PUBLIC GENERAL 12,000
    BRIGHAM YOUNG UNIVERSITY-IDAHO
    525 S CENTER STREET
    REXBURG,ID83460     		NONE PUBLIC GENERAL 12,000
    WAYNE COMMUNITY COLLEGE
    3000 WAYNE MEMORIAL DRIVE
    GOLDSBORO,NC27534     		NONE PUBLIC GENERAL 12,000
    NORTHWESTERN UNIVERSITY
    633 CLARK ST
    EVANSTON,IL60208     		NONE PUBLIC GENERAL 12,000
    SEATTLE UNIVERSITY
    901 12TH AVE
    SEATTLE,WA98122     		NONE PUBLIC GENERAL 12,000
    Total .................................bullet 3a 474,500
    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....     14 154,099  
    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 .............     		    18 162,879  
    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)..   316,978  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13316,978
    (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:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    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:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN HIGH INCOME BND FD 140,675 128,715
    ISHARES BARCLAYS TIPS BD ETF 105,924 109,496
    ISHARES JP MORGAN EM BD FD 15,960 16,454
    NOVARTIS CAPITAL CORP 2.900    
    TARGET CORP 3.875 7/15/20 78,419 81,245
    BARCLAYS BANK PLC 3.90 4/7/15    
    PROCTER GAMBLE CO 1.45% 2016 24,970 25,218
    STATOIL ASA 3.125 8/17/17 26,412 25,917
    INTEL CORP 2.70% 12/15/22 49,844 48,526
    ISHARES SPUS PREF STK INDX ETF 175,239 181,990
    LOOMIS SAYLES STRAT ALPHA FND 150,909 141,958
    PIMCO TOTAL RET FND #35    
    MONTANA ST DEPT TRANSN REV GRA 53,858 53,035
    BAIRD AGGREGATE BOND FUND INST 110,000 109,730
    BLACKROCK EMERGING MKTS L S EQ    
    EATON VANCE GLOBAL MACRO FD CL 54,950 54,622
    FEDERATED INST HI YLD BD FD 105,000 100,345
    GOLDMAN SACHS COMM STRAT INS 17,621 10,557
    IPATH DOW JONES UBS COMMODITY    
    ISHARES MSCI EAFE ETF 450,466 576,283
    LS OPPORTUNITY    
    OPPENHEIMER SR FLOATING RATE I 126,880 125,392
    PIMCO TOTAL RETURN FUND INST 40,503 39,953
    SPDR S&P 500 ETF TRUST    
    T ROWE PRICE INTL BD FUND #76    
    T ROWE PRICE INTL GR&INC FD    
    TCW EMERGING MARKETS INCOME FD 39,361 35,290
    BAXTER INTERNATIONAL 1.850% 6 25,214 24,906
    BB T CORPORATION MTN 2.450% 1 25,343 25,139
    CALVERT SHORT DURATION INCOME 35,000 34,806
    CITIGROUP INC 1.300% 4 50,226 50,127
    JOHN DEERE MTN 1.950% 12 25,245 25,156
    PRUDENTIAL SHORT DUR HI YLD IN 75,000 74,009

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 41,155 108,685
    EMERSON ELEC CO    
    EXXON MOBIL CORP 42,617 46,259
    GENERAL ELECTRIC CO 19,571 33,956
    GOLDMAN SACHS GROUP INC 6,441 9,638
    GOOGLE INC    
    INTEL CORP 10,538 16,248
    J P MORGAN CHASE CO 37,553 61,677
    JOHNSON & JOHNSON 27,194 34,472
    MCDONALDS CORP 21,244 29,958
    MICROSOFT CORP 30,076 60,477
    ORACLE CORPORATION 15,036 27,958
    PEPSICO INC 18,024 30,350
    PFIZER INC 19,987 45,472
    PRAXAIR INC 24,125 32,530
    PROCTER & GAMBLE CO 17,195 25,311
    QUALCOMM INC 20,592 28,976
    TARGET CORPORATION 35,016 51,811
    UNITED PARCEL SERVICE INC 5,353 10,236
    UNITED TECHNOLOGIES CORP 18,697 31,397
    VERIZON COMMUNICATIONS INC 26,932 32,753
    WELLS FARGO CO 32,215 67,534
    3M CO 15,534 33,143
    SCHLUMBERGER LTD 23,051 36,027
    NUVEEN REAL ESTATE SECURITIES 140,623 181,200
    I SHARES RUSSELL 2000 INDX ETF 109,408 221,328
    MIDCAP SPDR TRUST SER IETF 258,231 516,349
    BOEING CO 15,290 30,132
    CITIGROUP INC 21,694 31,627
    DISNEY WALT CO 10,500 30,480
    E M C CORP    
    ECOLAB INC 18,647 29,184
    GENERAL MILLS INC    
    GILEAD SCIENCES INC 4,153 23,808
    MASTERCARD INC 12,492 50,648
    MCKESSON CORP 4,548 15,440
    P G E CORP 4,620 5,251
    PRUDENTIAL FINANCIAL INC 13,680 20,325
    STARBUCKS CORP 11,964 50,399
    UNITED HEALTH GROUP INC 7,750 22,338
    WAL MART STORES INC 7,408 9,501
    ACE LTD 15,009 24,582
    SPDR DJ WILSHIRE INTERNATIONAL    
    BAXTER INTL INC 4,151 6,012
    CVS CAREMARK CORP 22,593 44,988
    STATE STR CORP 12,428 27,562
    ACCENTURE PLC CL A 15,287 24,231
    COVIDIEN PLC    
    IPATH DOW JONES UBS COMMODITY 52,790 32,306
    ANADARKO PETROLEUM CORP 33,281 28,625
    BANK OF AMERICA CORP 16,723 21,277
    BORG WARNER INC    
    CIGNA CORP 4,717 9,940
    JARDEN CORP 14,172 24,475
    LOWES COS INC 25,091 39,535
    MERCK AND CO INC    
    MONSANTO CO 15,067 14,265
    OCCIDENTAL PETROLEUM CORP    
    POLARIS INDS INC 12,398 18,503
    ROCKWELL AUTOMATION INC 8,854 11,677
    WYNN RESORTS LTD    
    NIELSEN HLDGS N V    
    ROYAL CARIBBEAN CRUISES LTD 14,128 35,940
    ABERDEEN FDS EMRGNG MRKT #5840 154,788 137,392
    ROBECO BP LNG SHRT RES INS 153,909 178,757
    ALLERGAN    
    AMERICAN TOWER CORP 11,654 14,267
    AT&T 16,931 16,397
    HEWLETT PACKARD CO 17,448 17,152
    LINCOLN NATL CORP IND    
    MARATHON OIL CORPORATION    
    MOHAWK INDS INC 20,550 30,239
    MORGAN STANLEY 15,387 17,478
    NOW INC DE W I    
    NRG ENERGY INC 21,681 16,770
    SOUTHWEST AIRLINES CO    
    STRYKER CORP 25,962 32,726
    INVESCO LTD 20,340 21,655
    ABBVIE INC 26,635 31,224
    BAXALTA INC W I 3,369 4,925
    CAPITAL ONE FINANCIAL CORP 18,417 18,699
    CARDINAL HEALTH INC 38,630 37,391
    CAUSEWAY EMERGING MARKETS INST 113,500 101,262
    CISCO SYSTEMS INC 18,420 18,473
    E O G RES INC 26,163 21,922
    EMERSON ELECTRIC CO 35,821 32,344
    FIDELITY ADV DIVERS INTL CL I 25,000 24,983
    GLENMEDE SC EQUITY PORT ADV 35,000 34,897
    GOOGLE INC CL A 11,263 31,560
    GOOGLE INC CL C 8,601 23,773
    ISHARES CORE MSCI EMERGING MKT 40,636 38,201
    MEDTRONIC PLC 34,457 35,197
    MYLAN NV 15,670 14,893
    NEUBERGER BERMAN LONG SH INS 10,000 9,909
    NIKE INC 22,112 25,925
    P N C FINANCIAL SERVICES GROUP 16,413 17,182
    SEMPRA ENERGY 11,784 11,298
    SPDR GOLD SHARES ETF 14,358 13,116
    SPDR S P 500 ETF 51,159 55,572
    T ROWE PRICE INTL GR&INC FD 112,329 108,413
    VANGUARD MID CAP INDEX ADM 27,500 28,058
    VANGUARD REIT ETF 24,319 25,675
    XILINX INC 25,880 25,635
    OCCIDENTAL PETROLEUM CORPORATI 31,962 24,991
    AMERICAN ELECTRIC POWER CO INC    
    APACHE CORP    

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    US Government Securities - End of Year Book Value:

    149,879
    US Government Securities - End of Year Fair Market Value:

    148,613
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 OtherDecreasesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Description Amount
       
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NONALLOCABLE EXPENSES - 17 0   17


    TY 2014 OtherIncreasesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST 50255000
    EIN: 27-6400625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX ON QUALIFIED DIVID 915 915   0
    FOREIGN TAX ON NONQUALIFIED DI 52 52   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,518 0   0
    FEDERAL ESTIMATES - PRINCIPAL 4,180 0   0