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
GALLAGHER WESTERN MONTANA CHARITABLE
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 4787   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MISSOULA, MT59806
A Employer identification number

91-2138399
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$6,246,105J 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...... 140,921 140,921  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 90,037
b Gross sales price for all assets on line 6a 1,620,241
7 Capital gain net income (from Part IV, line 2)... 90,037
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........ 230,958 230,958  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 22,253 20,028   2,225
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).......        
c Other professional fees (attach schedule).... Click to see attachment 36,977     36,977
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,688 2,344   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 2,595     2,595
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 79,513 22,372 0 41,797
25 Contributions, gifts, grants paid........ 285,000 285,000
26 Total expenses and disbursements. Add lines 24 and 25 364,513 22,372 0 326,797
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -133,555
b Net investment income (if negative, enter -0-) 208,586
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............... 1,674 2,189 2,189
2 Savings and temporary cash investments.......... 120,573 152,806 152,806
3 Accounts receivable bullet4,279
Less: allowance for doubtful accounts bullet   5,156 4,279 4,279
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) 339,380 Click to see attachment214,694 217,349
b Investments—corporate stock (attach schedule)........ 3,829,778 Click to see attachment3,938,511 4,930,139
c Investments—corporate bonds (attach schedule)........ 1,041,276 Click to see attachment891,639 939,343
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) 5,337,837 5,204,118 6,246,105
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......... 5,337,837 5,204,118
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)...... 5,337,837 5,204,118
31 Total liabilities and net assets/fund balances (see instructions).. 5,337,837 5,204,118
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 5,337,837
2 Enter amount from Part I, line 27a..................... 2 -133,555
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 5,204,282
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 164
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,204,118
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 50000. HSBC FINANCE CORP 5.250% 1/15/14   2007-12-04 2014-01-15
b 10. CITIGROUP INC   2013-04-12 2014-02-12
c 295. CITIGROUP INC   2013-01-23 2014-02-12
d 35. GENERAL ELEC CO   2009-05-12 2014-02-12
e 500. GENERAL ELEC CO   2009-06-29 2014-02-12
50. GENERAL ELEC CO   2009-07-21 2014-02-12
170. SCHLUMBERGER LTD   2005-05-19 2014-02-12
5. APPLE COMPUTER INC   2005-05-19 2014-03-04
500. IPATH DOW JONES UBS COMMODITY   2008-01-09 2014-03-04
35. CIGNA CORP   2013-05-02 2014-03-04
45. CAMERON INTERNATIONAL CORP   2013-12-03 2014-03-04
15. INTERNATIONAL BUSINESS MACHS CORP   2013-04-12 2014-03-04
75. MAXIM INTEGRATED PRODS INC   2013-04-12 2014-03-04
100. MONDELEZ INTERNATIONAL W I   2013-04-23 2014-03-04
30. MOTOROLA SOLUTIONS INC   2013-04-12 2014-03-04
100. SYMANTEC CORP   2013-04-12 2014-03-04
100. TYSON FOODS INC CL A   2013-04-12 2014-03-04
60. INTERNATIONAL BUSINESS MACHS CORP   2013-04-12 2014-03-06
5. INTERNATIONAL BUSINESS MACHS CORP   2012-07-11 2014-03-06
55. DICKS SPORTING GOODS INC   2013-12-03 2014-04-04
75. EXPRESS SCRIPTS HLDGS C   2012-07-11 2014-04-04
1040. STAPLES INC COMMON STOCK   2013-12-03 2014-04-04
520. SYMANTEC CORP   2013-04-12 2014-04-04
125. CHEVRONTEXACO CORP   2011-08-12 2014-04-23
25. CHEVRONTEXACO CORP   2014-04-04 2014-04-23
55. AGILENT TECHNOLOGIES INC   2014-02-12 2014-05-12
10. ALLERGAN INC   2013-12-03 2014-05-12
5. AMAZON COM INC   2013-12-03 2014-05-12
10. APPLE COMPUTER INC   2005-05-19 2014-05-12
50. EXPRESS SCRIPTS HLDGS C   2012-07-11 2014-05-12
90. MAXIM INTEGRATED PRODS INC   2013-04-12 2014-05-12
200. MONDELEZ INTERNATIONAL W I   2013-04-23 2014-05-12
25. TARGET CORP   2006-06-08 2014-05-12
1029.654 LAUDUS INTERNATIONAL MARKETMASTERS   2007-09-20 2014-05-15
665.425 SCOUT INTERNATIONAL FUND   2013-04-23 2014-05-15
20. ALEXION PHARMACEUTICALS INC   2013-12-03 2014-05-19
5. APPLE COMPUTER INC   2013-05-16 2014-05-19
45. ARM HLDGS PLC A D R   2013-12-03 2014-05-19
200. IPATH DOW JONES UBS COMMODITY   2007-12-21 2014-05-19
40. CARMAX INC   2014-02-12 2014-05-19
50. CERNER CORPORATION   2013-12-03 2014-05-19
15. COSTCO WHSL CORP NEW COMMON STOCK   2013-12-03 2014-05-19
300. D R HORTON INC   2013-05-02 2014-05-19
30. DISCOVERY COMMUNICATIONS INC CL A   2013-12-03 2014-05-19
45. DOLLAR TREE INC   2013-12-03 2014-05-19
25000. F N M A M T N 2.000% 11/29/22   2012-11-05 2014-05-19
25. HUNT J B TRANS SVCS INC   2013-12-03 2014-05-19
100. NAVIENT CORP W D   2013-02-22 2014-05-19
438.212 NUVEEN REAL ESTATE SECS I   2012-12-14 2014-05-19
25. OCEANEERING INTERNATIONAL INC   2014-02-12 2014-05-19
30. PHILIP MORRIS INTL   2013-12-03 2014-05-19
70. MIDCAP SPDR TRUST SERIES I E T F   2007-02-12 2014-05-19
499.376 LAUDUS INTERNATIONAL MARKETMASTERS   2007-09-20 2014-05-19
267.523 SCOUT INTERNATIONAL FUND   2013-04-23 2014-05-19
30. TRACTOR SUPPLY CO   2014-02-12 2014-05-19
200. IPATH DOW JONES UBS COMMODITY   2007-12-21 2014-05-29
25000. F N M A M T N 2.000% 11/29/22   2012-11-05 2014-05-29
438.789 NUVEEN REAL ESTATE SECS I   2007-12-20 2014-05-29
1367.366 P I M C O FDS TOTAL RETURN FD   2013-07-18 2014-05-29
25000. U S TREASURY NT 2.250% 5/31/14   2010-04-06 2014-05-31
12. APPLE COMPUTER INC   2013-05-16 2014-06-03
25000. JOHN DEERE CAP MTN 2.800% 1/27/23   2013-04-23 2014-06-03
400. IPATH DOW JONES UBS COMMODITY   2007-12-13 2014-06-05
300. BANK OF AMERICA CORP   2014-04-04 2014-06-13
350. IPATH DOW JONES UBS COMMODITY   2007-12-13 2014-06-13
290. D R HORTON INC   2013-05-02 2014-06-13
5. GRAINGER W W INC   2013-12-03 2014-06-13
219.01 NUVEEN REAL ESTATE SECS I   2007-12-20 2014-06-13
915.751 P I M C O FDS TOTAL RETURN FD   2013-07-18 2014-06-13
50. TYSON FOODS INC CL A   2013-04-12 2014-06-13
75000. METLIFE INC 5.500% 6/15/14   2007-10-02 2014-06-15
75. EXPRESS SCRIPTS HLDGS C   2012-07-11 2014-06-19
20. MONSANTO CO   2013-04-12 2014-06-19
75. EXPRESS SCRIPTS HLDGS C   2012-07-11 2014-06-26
35. GILEAD SCIENCES INC   2011-03-16 2014-06-27
50. LULULEMON ATHLETICA INC   2014-02-12 2014-06-27
300. MAXIM INTEGRATED PRODS INC   2013-04-12 2014-06-27
25. MERCK AND CO INC   2013-02-22 2014-06-27
75. MONDELEZ INTERNATIONAL W I   2013-04-23 2014-06-27
1230.315 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2014-05-19 2014-06-27
695. NAVIENT CORP W D   2013-02-22 2014-06-27
75. TYSON FOODS INC CL A   2013-04-12 2014-06-27
25. ROYAL CARIBBEAN CRUISES LTD   2013-02-22 2014-06-27
20. GILEAD SCIENCES INC   2011-03-16 2014-07-01
25. MERCK AND CO INC   2013-02-22 2014-07-01
85. ROYAL CARIBBEAN CRUISES LTD   2013-02-22 2014-07-01
25000. RBC 36MO SPX 0.00001% 7/31/14   2011-07-26 2014-07-31
100. AGILENT TECHNOLOGIES INC   2014-02-12 2014-08-01
200. BANK OF AMERICA CORP   2014-04-04 2014-08-01
250. IPATH DOW JONES UBS COMMODITY   2007-12-19 2014-08-01
108.413 NUVEEN REAL ESTATE SECS I   2007-12-20 2014-08-01
45. POLARIS INDS INC   2013-05-01 2014-08-01
100. TYSON FOODS INC CL A   2013-04-12 2014-08-01
100. AGILENT TECHNOLOGIES INC   2014-02-12 2014-08-08
250. IPATH DOW JONES UBS COMMODITY   2007-12-19 2014-08-08
150. MONDELEZ INTERNATIONAL W I   2013-04-23 2014-08-13
340. IPATH DOW JONES UBS COMMODITY   2007-12-10 2014-08-21
75. LINCOLN NATL CORP COM   2013-08-21 2014-08-21
35. MERCK AND CO INC   2013-02-22 2014-08-21
125. MONDELEZ INTERNATIONAL W I   2013-04-23 2014-08-21
209.732 NUVEEN REAL ESTATE SECS I   2011-09-30 2014-08-21
415.282 LAUDUS INTERNATIONAL MARKETMASTERS   2007-09-20 2014-08-21
270.49 SCOUT INTERNATIONAL FUND   2013-04-23 2014-08-21
389. SOUTHWEST AIRLINES CO   2014-02-12 2014-08-21
. COUNTRYWIDE FINANCIAL CORPORATION     2014-08-25
1168.224 AMERICAN CENTY SMALL CP GROWTH INSTL   2011-05-17 2014-08-27
500. IPATH DOW JONES UBS COMMODITY   2007-12-10 2014-08-27
668.807 SCOUT INTERNATIONAL FUND   2011-04-08 2014-08-27
88. GILEAD SCIENCES INC   2011-03-16 2014-09-10
900. IPATH DOW JONES UBS COMMODITY   2013-11-21 2014-09-16
190. BORG WARNER INC   2013-05-02 2014-09-16
50. CVS CORP COM   2012-08-07 2014-09-16
. CITIGROUP INC     2014-09-16
20. KANSAS CITY SOUTHERN   2013-12-03 2014-09-16
235. MERCK AND CO INC   2013-02-22 2014-09-16
10. PRECISION CASTPARTS CORP   2013-12-03 2014-09-16
676.224 SCOUT INTERNATIONAL FUND   2011-04-08 2014-09-16
25. WAL MART STORES INC   2011-10-07 2014-09-16
75000. PRUDENTIAL FINL MTN 5.100% 9/20/14   2007-12-04 2014-09-20
50. E BAY INC   2013-12-03 2014-09-25
150. IPATH DOW JONES UBS COMMODITY   2007-12-04 2014-10-03
150. IPATH DOW JONES UBS COMMODITY   2013-11-21 2014-10-03
200. BORG WARNER INC   2013-05-02 2014-10-03
25. MCKESSON HBOC INC COM   2014-02-12 2014-10-03
205. MOTOROLA SOLUTIONS INC   2013-04-12 2014-10-03
49. P G E CORP   2011-03-16 2014-10-03
795. SLM CORP   2013-02-22 2014-10-03
570.451 SCOUT INTERNATIONAL FUND   2011-04-08 2014-10-03
75. TYSON FOODS INC CL A   2013-04-12 2014-10-03
20. UNITED HEALTH GROUP INC   2013-01-23 2014-10-03
200. IPATH DOW JONES UBS COMMODITY   2007-12-04 2014-10-07
. DELL INC     2014-10-07
2291.476 P I M C O FDS TOTAL RETURN FD   2013-07-18 2014-10-07
219.877 LAUDUS INTERNATIONAL MARKETMASTERS   2007-09-20 2014-10-07
425.653 SCOUT INTERNATIONAL FUND   2011-04-08 2014-10-07
50000. F N M A M T N 4.625% 10/15/14   2007-11-15 2014-10-15
9115.77 P I M C O FDS TOTAL RETURN FD   2013-07-18 2014-10-15
300. IPATH DOW JONES UBS COMMODITY   2010-11-04 2014-10-21
2283.105 P I M C O FDS TOTAL RETURN FD   2013-07-18 2014-10-21
438.212 SCOUT INTERNATIONAL FUND   2011-04-08 2014-10-21
200. IPATH DOW JONES UBS COMMODITY   2010-11-04 2014-10-24
1829.826 P I M C O FDS TOTAL RETURN FD   2013-07-18 2014-10-24
40. MIDCAP SPDR TRUST SERIES I E T F   2007-02-12 2014-10-24
334.821 LAUDUS INTERNATIONAL MARKETMASTERS   2007-09-20 2014-10-24
144.718 SCOUT INTERNATIONAL FUND   2011-04-08 2014-10-24
50000. CISCO SYSTEMS 2.900% 11/17/14   2010-04-15 2014-11-17
279.096 SCOUT INTERNATIONAL FUND   2011-04-08 2014-11-20
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-26
.5 JARDEN CORP   2013-04-12 2014-12-04
150. BANK OF AMERICA CORP   2013-01-23 2014-12-10
500. IPATH DOW JONES UBS COMMODITY   2010-11-04 2014-12-10
92. CALIFORNIA RESOURCES CORP   2013-05-16 2014-12-10
52. CALIFORNIA RESOURCES CORP   2014-06-27 2014-12-10
5. GOOGLE INC CL C   2012-01-20 2014-12-10
25. MONSANTO CO   2013-04-12 2014-12-10
1367.366 P I M C O FDS TOTAL RETURN FD   2013-07-18 2014-12-10
35. TYSON FOODS INC CL A   2013-04-12 2014-12-10
100. IPATH DOW JONES UBS COMMODITY   2010-11-03 2014-12-17
25. UNITED HEALTH GROUP INC   2013-01-23 2014-12-17
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 50,000   50,075 -75
b 499   446 53
c 14,732   12,319 2,413
d 887   501 386
e 12,665   5,919 6,746
1,266   579 687
15,334   5,758 9,576
2,644   185 2,459
19,912   28,818 -8,906
2,782   2,374 408
2,836   2,506 330
2,794   3,168 -374
2,450   2,422 28
3,409   3,202 207
1,998   1,920 78
2,097   2,431 -334
3,940   2,393 1,547
11,291   12,673 -1,382
941   927 14
2,978   3,085 -107
5,522   4,162 1,360
12,521   16,068 -3,547
10,411   12,641 -2,230
15,588   12,044 3,544
3,118   2,975 143
3,100   3,304 -204
1,593   957 636
1,504   1,927 -423
5,911   370 5,541
3,422   2,775 647
2,872   2,906 -34
7,502   6,404 1,098
1,491   1,270 221
24,794   24,378 416
24,900   22,844 2,056
3,171   2,447 724
3,034   2,161 873
1,984   2,230 -246
7,970   11,086 -3,116
1,786   1,880 -94
2,566   2,863 -297
1,745   1,851 -106
6,543   7,889 -1,346
2,228   2,587 -359
2,321   2,490 -169
23,250   24,888 -1,638
1,939   1,901 38
1,579   1,208 371
9,978   8,675 1,303
1,772   1,758 14
2,563   2,564 -1
17,351   10,752 6,599
11,975   11,823 152
9,997   9,184 813
1,914   2,170 -256
7,882   11,076 -3,194
23,353   24,888 -1,535
10,018   7,790 2,228
15,000   14,749 251
25,000   24,890 110
7,625   5,186 2,439
24,548   25,888 -1,340
15,569   22,132 -6,563
4,614   5,096 -482
13,807   19,366 -5,559
6,777   7,626 -849
1,297   1,286 11
5,015   3,888 1,127
9,982   9,878 104
1,756   1,196 560
75,000   75,143 -143
5,116   4,162 954
2,435   2,100 335
5,161   4,162 999
2,890   698 2,192
2,000   2,472 -472
10,113   9,687 426
1,454   1,069 385
2,790   2,402 388
12,500   12,488 12
12,308   8,393 3,915
2,762   1,794 968
1,397   848 549
1,700   399 1,301
1,457   1,069 388
4,739   2,882 1,857
38,115   25,000 13,115
5,616   6,007 -391
2,975   3,398 -423
9,240   13,799 -4,559
2,496   1,925 571
6,587   3,788 2,799
3,714   2,393 1,321
5,512   6,007 -495
9,251   13,703 -4,452
5,358   4,803 555
12,379   18,457 -6,078
4,019   3,246 773
2,064   1,497 567
4,521   3,956 565
4,994   3,562 1,432
10,054   9,832 222
10,057   9,280 777
12,201   8,243 3,958
92     92
14,930   10,434 4,496
18,280   27,087 -8,807
25,074   22,826 2,248
9,445   1,755 7,690
31,895   32,400 -505
11,082   7,413 3,669
4,119   2,228 1,891
335     335
2,362   2,423 -61
14,083   10,053 4,030
2,425   2,578 -153
25,007   23,080 1,927
1,910   1,336 574
75,000   74,675 325
2,609   2,611 -2
5,106   8,064 -2,958
5,106   5,400 -294
10,868   7,803 3,065
5,008   4,375 633
12,564   13,122 -558
2,217   2,093 124
6,908   5,377 1,531
19,903   19,469 434
3,112   1,795 1,317
1,715   1,116 599
6,944   10,686 -3,742
85     85
25,046   24,717 329
4,932   5,206 -274
14,758   14,528 230
50,000   50,021 -21
99,909   98,328 1,581
10,141   15,699 -5,558
24,977   24,627 350
15,167   14,956 211
6,737   9,218 -2,481
20,018   19,738 280
9,998   6,144 3,854
7,513   7,927 -414
5,007   4,939 68
50,000   50,846 -846
10,008   9,526 482
14     14
124     124
22   15 7
2,614   1,702 912
16,002   22,406 -6,404
530   732 -202
300   449 -149
2,662   1,464 1,198
3,016   2,625 391
14,904   14,749 155
1,442   837 605
3,132   4,480 -1,348
2,463   1,394 1,069
      40,033
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       -75
b       53
c       2,413
d       386
e       6,746
      687
      9,576
      2,459
      -8,906
      408
      330
      -374
      28
      207
      78
      -334
      1,547
      -1,382
      14
      -107
      1,360
      -3,547
      -2,230
      3,544
      143
      -204
      636
      -423
      5,541
      647
      -34
      1,098
      221
      416
      2,056
      724
      873
      -246
      -3,116
      -94
      -297
      -106
      -1,346
      -359
      -169
      -1,638
      38
      371
      1,303
      14
      -1
      6,599
      152
      813
      -256
      -3,194
      -1,535
      2,228
      251
      110
      2,439
      -1,340
      -6,563
      -482
      -5,559
      -849
      11
      1,127
      104
      560
      -143
      954
      335
      999
      2,192
      -472
      426
      385
      388
      12
      3,915
      968
      549
      1,301
      388
      1,857
      13,115
      -391
      -423
      -4,559
      571
      2,799
      1,321
      -495
      -4,452
      555
      -6,078
      773
      567
      565
      1,432
      222
      777
      3,958
      92
      4,496
      -8,807
      2,248
      7,690
      -505
      3,669
      1,891
      335
      -61
      4,030
      -153
      1,927
      574
      325
      -2
      -2,958
      -294
      3,065
      633
      -558
      124
      1,531
      434
      1,317
      599
      -3,742
      85
      329
      -274
      230
      -21
      1,581
      -5,558
      350
      211
      -2,481
      280
      3,854
      -414
      68
      -846
      482
      14
      124
      7
      912
      -6,404
      -202
      -149
      1,198
      391
      155
      605
      -1,348
      1,069
       
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 90,037
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 353,841 5,948,421 0.059485
2012 325,655 5,747,015 0.056665
2011 332,264 5,761,288 0.057672
2010 289,468 5,474,641 0.052874
2009 318,165 5,089,098 0.062519
2 Total of line 1, column (d) ...................... 2 0.289215
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 0.057843
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,195,014
5 Multiply line 4 by line 3....................... 5 358,338
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,086
7 Add lines 5 and 6......................... 7 360,424
8 Enter qualifying distributions from Part XII, line 4.............. 8 326,797
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 4,172
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 4,172
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 4,172
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 9,868
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 9,868
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 5,696
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,172 RefundedBullet 11 1,524
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT, DE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580
    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97204
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    US BANK AGENT
    1     		22,253    
    PO BOX 3168
    PORTLAND,OR97208
    CAROLYN MOTGOMERY DIRECTOR
    1     		36,977    
    PO BOX 3387
    MISSOULA,MT89806
    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
    6,151,590
    b
    Average of monthly cash balances.......................
    1b
    137,764
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,289,354
    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
    6,289,354
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    94,340
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,195,014
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    309,751
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    309,751
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    4,172
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,172
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    305,579
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    305,579
    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
    305,579
    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
    326,797
    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
    326,797
    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
    326,797
    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 7 305,579
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 66,324
    b From 2010....... 18,431
    c From 2011....... 48,364
    d From 2012....... 42,693
    e From 2013....... 66,288
    fTotal of lines 3a through e......... 242,100
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 326,797
    a Applied to 2013, but not more than line 2a 0
    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..... 305,579
    e Remaining amount distributed out of corpus 21,218
    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 5 263,318
    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 ..........     		0
    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) ...     		66,324
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		196,994
    10 Analysis of line 9:
    a Excess from 2010.... 18,431
    b Excess from 2011.... 48,364
    c Excess from 2012.... 42,693
    d Excess from 2013.... 66,288
    e Excess from 2014.... 21,218
    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 MONTGOMERY
    PO BOX 3387
    MISSOULA,MT59806
    (406) 240-6353
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT ABOVE
    cAny submission deadlines:
    CONTACT ABOVE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHARITIES IN THE STATE OF MONTANA
    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
    GRANITE COUNTY MEDICAL
    PO BOX 401
    PHILIPSBURG,MT59898     		NONE PUBLIC FOR ELECTRICAL UPGRADE 7,000
    PARTNERSHIP FOR CHILDREN
    PO BOX 8134
    MISSOULA,MT59807     		NONE PUBLIC STAFF THERAPIST 20,000
    UNITED WAY OF MISSOULA CO
    412 W ALDER ST
    MISSOULA,MT59802     		NONE PUBLIC COMMUNITY CAMPAIGN 55,000
    MISSOULA CHILDREN'S THEATRE
    200 NORTH ADAMS
    MISSOULA,MT59802     		NONE PUBLIC TOURING IN W MT 10,000
    INTERMOUNTAIN PLANNED PARENTHOOD
    2525 4TH AVE NORTH STE 201
    BILLINGS,MT59101     		NONE PUBLIC TEEN PEER EDUCATION 5,000
    YOUTH HOMES INC
    PO BOX 7616
    MISSOULA,MT59807     		NONE PUBLIC CAPITAL CAMPAIGN & PROGRAM 30,000
    MONTANA NATURAL HIST CENT
    120 HICKORY STREET
    MISSOULA,MT59801     		NONE PUBLIC CAPITAL 5,000
    ART MOBILE OF MONTANA
    610 N MONTANA
    DILLON,MT59725     		NONE PUBLIC PROGRAM 2,500
    MISSOULA FAMILY YMCA
    3000 S RUSSELL STREET
    MISSOULA,MT59801     		NONE PUBLIC PARTNERS WITH YOUTH 10,000
    CASA-MSLA
    PO BOX 7433
    MISSOULA,MT59807     		NONE PUBLIC VOICES FOR CHILDREN 5,000
    NATIONAL COALITION BUILDING INST
    1280 S 3RD ST W
    MISSOULA,MT59801     		NONE PUBLIC YOUTH DEVELOPMENT 5,000
    MISSOULA WRITING COLLABORATIVE
    PO BOX 9237
    MISSOULA,MT59807     		NONE PUBLIC YOUNG WRITERS PROGRAM 7,500
    TAMARACK GRIEF RESOURCE
    516 S ORANGE ST
    MISSOULA,MT59801     		NONE PUBLIC CARE FOR ALL PROGRAM 4,000
    BOYS & GIRLS CLUB-RONAN
    FLATHEAD RESERVATION & LAKE CO
    PO BOX 334
    RONAN,MT59864     		NONE PUBLIC SUMMER PROGRAMS 5,000
    YWCA OF MISSOULA MT
    1130 W BROADWAY
    MISSOULA,MT59802     		NONE PUBLIC CAPITAL CAMPAIGN 5,000
    POVERELLO
    PO BOX 7644
    MISSOULA,MT59808     		NONE PUBLIC CAPITAL CAMPAIGN 17,500
    WATSON CHILDREN'S SHELTER
    4978 BUCKHOUSE LANE
    MISSOULA,MT59804     		NONE PUBLIC SUMMER PROGRAMS 7,500
    MSLA CULTURAL COUNCIL
    PO BOX 7662
    MISSOULA,MT59807     		NONE PUBLIC FIRST NIGHT EVENTS 3,000
    ZOOTOWN COMMUNITY ARTS CENTER
    235 NORTH 1ST ST W
    MISSOULA,MT59802     		NONE PUBLIC YOUTH DEVELOPMENT PROGRAMS 7,000
    ROCKY MOUNTAIN BALLET THEATRE
    2704 BROOKS ST STE 2
    MISSOULA,MT59801     		NONE PUBLIC GOING VIRAL PROGRAM 5,000
    BOYS & GIRLS CLUB OF
    MISSOULA COUNTY
    1515 FAIRVIEW AVE SUITE 243
    MISSOULA,MT59801     		NONE PUBLIC EMERGENCY OPERATING 5,000
    MISSOULA AGING SERVICES
    337 STEPHENS AVE
    MISSOULA,MT59801     		NONE PUBLIC GENERAL PURPOSE 10,000
    MAIN STREET UPTOWN BUTTE
    PO BOX 696
    BUTTE,MT59703     		NONE PUBLIC FOR FAMILY AREA 5,000
    MISSOULA DOWNTOWN FOUNDATION
    PO BOX 9199
    MISSOULA,MT59807     		NONE PUBLIC LIGHT OUR BRIDGES 2,500
    MISSOULA PARKS AND RECREATION
    100 HICKORY ST
    MISSOULA,MT59801     		NONE PUBLIC ALL ABILITIES PLAYGROUND 2,500
    MEDIA ARTS IN THE PUBLIC SCHOOLS
    PO BOX 750
    DARBY,MT59827     		NONE PUBLIC MEDIA STUDIES PROGRAM 7,000
    ART MUSEUM OF MISSOULA
    335 NORTH PATEE ST
    MISSOULA,MT59802     		NONE PUBLIC LIGHTING / MATCHING 10,000
    BIG BROTHERS & BIG SISTERS
    MISSOULA
    1520 SOUTH RUSSELL ST
    MISSOULA,MT59802     		NONE PUBLIC FOSTER CARE PROGRAM 12,000
    CHILDREN'S MUSEUM
    227 1/2 W FRONT AVE
    MISSOULA,MT59801     		NONE PUBLIC MUSEUM RENOVATIONS 5,000
    PROVIDENCE MT HEALTH FOUNDATION
    500 W BROADWAY
    MISSOULA,MT59802     		NONE PUBLIC ST PATS HOUSE DININGROOM 5,000
    MISSOULA SYMOHONY ASSOC
    PO BOX 8301
    MISSOULA,MT59807     		NONE PUBLIC EXPAND MISSION SUPPORT 5,000
    Total .................................bullet 3a 285,000
    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....     14 140,921  
    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 90,037  
    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)..   230,958  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13230,958
    (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 InvestmentsCorpBondsSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Name of Bond End of Year Book Value End of Year Fair Market Value
    HSBC FIN CORP 5.250 1/15/14    
    METLIFE INC 5.500 6/15/14    
    PRUDENTIAL FINL INC 5.100    
    SUNTRUST BK 5.000 9/1/15 48,717 51,368
    CISCO SYS INC 2.900 11/17/14    
    BERKSHIRE HATHAWAY INC 3.200 50,893 50,143
    OCCIDENTAL PETROL 4.125 6/1/16 52,551 52,240
    WAL MART STORES 3.25 10/25/20 49,961 52,300
    NORTHN TR CORP 3.450 11/4/20 35,342 37,015
    BARCLAYS BANK PLC 4/10/15 50,000 96,802
    WESTPAC BANKING CORP 3.000 50,650 50,722
    ROYAL BK CAN TERM NT 7/31/14    
    CATERPILLAR FINL 2.650 4/1/16 26,058 25,602
    JPMORGAN CHASE 4.250 10/15/20 50,148 53,755
    ISHARES IBOXX H Y CORP BD 101,082 97,216
    GOLDMAN SACHS CD 1.5 10/31/17 100,000 99,907
    GE CAP RETAIL CD 2.0 4/27/18 125,000 125,812
    JOHN DEERE CAP 2.800 1/27/23    
    CATERPILLAR FINANCIAL 6/9/19 25,026 25,072
    AMERICAN EXPRESS 8/15/19 25,031 25,004
    NUVEEN HIGH INCOME BOND FD 15,000 13,579
    T ROWE PRICE INTL BOND FUND 34,953 31,878
    VANGUARD SHORT TERM BOND ETF 51,227 50,928

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 21,723 98,900
    DISNEY WALT CO 9,291 29,670
    ECOLAB INC 6,323 23,517
    EXXON MOBIL CORP 32,457 50,385
    GENERAL ELEC CO 27,920 29,187
    GOOGLE INC CL A 12,176 30,778
    INTEL CORP 12,300 22,863
    JP MORGAN CHASE & CO 30,493 49,125
    JOHNSON & JOHNSON 13,569 22,483
    MICROSOFT CORP 34,248 52,256
    PEPSICO INC 16,861 27,422
    PFIZER INC 35,025 42,520
    PRAXAIR INC 11,580 26,560
    PROCTER & GAMBLE CO 17,114 27,327
    QUALCOMM 11,939 26,016
    STATE STR CORP 7,422 16,878
    TARGET CORPORATION 37,752 50,101
    UNITED TECHNOLOGIES 23,352 44,160
    VERIZON COMMUNICATIONS 30,772 32,746
    WAL MART STORES 10,688 17,176
    WELLS FARGO & CO 27,969 53,998
    SCHLUMBERGER LTD 21,079 31,602
    NUVEEN REAL ESTATE 136,181 217,137
    LAUDUS INTL MRKTMASTERS FD 342,997 346,586
    MIDCAP SPDR TRUST SER I 297,151 539,027
    T ROWE PRICE SMALL CAP VALUE 51,877 65,361
    MASTERCARD INC 12,323 46,526
    MCDONALDS CORP 14,302 23,238
    STARBUCKS CORP 12,101 36,102
    IPATH DOW JONES UBS COMMODITY 82,519 59,820
    ALLERGAN INC 1,436 3,189
    ANADARKO PETROLEUM CORP 29,940 28,297
    BOEING CO 15,248 31,715
    CATERPILLAR INC 16,246 17,848
    CHEVRON CORP    
    DOLLAR TREE INC    
    GILEAD SCIENCES INC 6,800 32,143
    OCCIDENTAL PETROLEUM CORP 32,711 29,020
    P G E CORP 12,812 15,972
    POLARIS INDS INC 10,942 19,661
    PRUDENTIAL FINANCIAL INC 20,074 37,903
    ACE LTD 16,386 27,227
    AMER CENTY SM CP GRWTH 22,992 43,005
    SCOUT INTERNATIONAL FUND 245,814 246,748
    TFS MARKET NEUTRAL FUND 63,432 62,799
    BAXTER INTL INC 15,063 20,521
    CITIGROUP INC 26,294 31,113
    CVS HEALTH CORPORATION 13,414 25,522
    EMERSON ELEC CO 35,850 38,581
    EXPRESS SCRIPTS HLDGS C    
    INTERNATIONAL BUSINESS MACHINE    
    ACCENTURE PLC CL A 14,962 20,541
    NUVEEN INFLATION PRO SEC CL I 133,616 125,540
    OPPENHEIMER SR FLOAT RATE Y 103,457 101,682
    ALEXION PHARMACEUTICALS INC    
    AMAZON COM INC    
    AMERICAN TOWER CORP 15,322 18,781
    BANK OF AMERICA CORP 13,336 21,021
    BORG WARNER INC    
    CAMERON INTL CORP    
    CERNER CORP    
    CIGNA CORP 13,228 20,067
    CISCO SYS INC 23,148 26,230
    CONAGRA FOODS INC 15,197 15,782
    COSTCO WHSL CORP    
    D R HORTON INC    
    DICKS SPORTING GOODS INC    
    DISCOVERY COMMUNICATIONS INC    
    DOW CHEM CO 15,015 21,665
    E BAY INC    
    FOOT LOCKER INC 15,328 25,000
    GRAINGER W W INC    
    HEWLETT PACKARD CO 27,552 38,565
    HUNT J B TRANS SVCS INC    
    JARDEN CORP 15,062 24,754
    KANSAS CITY SOUTHERN    
    LINCOLN NATL CORP IND 12,117 16,148
    LOWES CO INC 23,686 38,872
    MACYS INC 15,198 22,355
    MARATHON OIL CORP 41,002 32,986
    MAXIM INTEGRATED PRODS INC    
    MEDTRONIC INC 17,247 21,660
    MERCK AND CO INC    
    MONDELEZ INTL W I    
    MONSANTO CO 10,501 11,947
    MORGAN STANLEY 14,674 26,190
    MOTOROLA SOLUTIONS INC    
    PHILIP MORRIS INTL    
    PRECISION CASTPARTS CORP    
    ROCKWELL AUTOMATION INC 15,498 20,572
    SALESFORCE COM INC 8,903 9,786
    SLM CORP    
    STAPLES INC    
    SYMANTEC CORP    
    TRACTOR SUPPLY CO    
    TYSON FOODS INC 4,785 8,018
    UNITED HEALTH GROUP INC 12,550 22,745
    WORKDAY INC 6,187 6,121
    ARM HLDGS PLC ADR    
    ROYAL CARIBBEAN CRUISES LTD 13,560 32,972
    ABERDEEN FDS EMRGN MKT INSTL 137,470 114,618
    ISHARES S P U S PREF STK INDEX 139,982 147,900
    PIMCO TOTAL RETURN FUND 34,492 34,087
    ROBECO BOSTON PARTN L S RSRCH 63,046 73,512
    ABBVIE INC 31,216 34,749
    AT&T INC 16,806 15,989
    CAPITAL ONE FINANCIAL CORP 19,032 19,482
    FACEBOOK INC A 3,238 3,901
    GOOGLE INC CL C 10,673 27,899
    HALLIBURTON CO 18,584 10,816
    MCKESSON CORPORATION 26,248 31,137
    MOHAWK INDS INC 12,115 13,206
    NRG ENERGY INC 10,819 9,433
    P N C FINANCIAL SERVICES GP 4,523 4,562
    PITNEY BOWES INC 30,670 29,585
    SEMPRA ENERGY 13,366 14,477
    SOUTHWEST AIRLINES CO 8,179 16,336
    STRYKER CORP 23,532 27,073
    XILINX INC 29,319 29,913
    INVESCO LTD 21,930 24,700
    BAIRD AGGREGATE BOND FUND 110,000 109,810
    CAMBIAR INTL EQUITY FUND INS 35,000 32,464
    CAUSEWAY EMERGING MARKETS INST 53,500 48,461
    GOLDMAN SACHS COMM STRAT INS 62,500 42,902
    ISHARES CORE MSCI EAFE ETF 27,400 26,664
    ISHARES CORE MSCI EMERGING MKT 32,279 30,570
    LOOMIS SAYLES STRATEGIC ALPHA 12,512 12,266
    NUVEEN STRATEGIC INCOME I 80,000 79,142
    SPDR GOLD SHARES ETF 13,766 13,289
    SPDR S&P 500 ERF TRUST 37,715 41,108
    T ROWE PRICE INTL GR&INC FD 65,000 57,223
    TCW EMERGING MARKETS INCOME FD 42,500 40,269
    VANGUARD REIT ERF 83,010 91,287
    VANGUARD SMALL CAP INDEX FUND 40,000 40,578

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    US Government Securities - End of Year Book Value:

    214,694
    US Government Securities - End of Year Fair Market Value:

    217,349
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2014 OtherDecreasesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Description Amount
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 813 0   813
    BOARD MEEETING EXPENSES 160 0   160
    OFFICE EXPENSES 995 0   995
    ANNUAL REPORT CT CORP 349 0   349
    POSTAL EXPENSES 278 0   278


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DIRECTOR FEES 36,977     36,977


    TY 2014 TaxesSchedule
    Name:
    GALLAGHER WESTERN MONTANA CHARITABLE
    EIN: 91-2138399
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 5,476 0   0
    FEDERAL ESTIMATES - PRINCIPAL 9,868 0   0
    FOREIGN TAXES ON QUALIFIED FOR 2,309 2,309   0
    FOREIGN TAXES ON NONQUALIFIED 35 35   0