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
EMINGER STEWART FOUNDATION UMA 050013119300
 

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

35-6797693
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$4,537,475J 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...... 98,357 98,357  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 263,581
b Gross sales price for all assets on line 6a 2,067,801
7 Capital gain net income (from Part IV, line 2)... 263,581
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........ 361,938 361,938  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 56,513 50,862   5,651
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)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,250 2,250   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 1,067     1,067
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 59,830 53,112 0 6,718
25 Contributions, gifts, grants paid........ 240,617 240,617
26 Total expenses and disbursements. Add lines 24 and 25 300,447 53,112 0 247,335
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 61,491
b Net investment income (if negative, enter -0-) 308,826
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.......... 157,444 154,718 154,718
3 Accounts receivable bullet1,247
Less: allowance for doubtful accounts bullet     1,247 1,247
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 3,620,722 Click to see attachment3,501,220 4,155,431
c Investments—corporate bonds (attach schedule)........ 54,316 Click to see attachment241,596 226,079
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) 3,832,482 3,898,781 4,537,475
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......... 3,832,482 3,898,781
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)...... 3,832,482 3,898,781
31 Total liabilities and net assets/fund balances (see instructions).. 3,832,482 3,898,781
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 3,832,482
2 Enter amount from Part I, line 27a..................... 2 61,491
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 4,808
4 Add lines 1, 2, and 3.......................... 4 3,898,781
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,898,781
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 5986.137 ABERDEEN FDS EMRGN   2013-04-09 2014-07-30
b 70. ALTERA CORP   2012-10-08 2014-10-03
c 31. AMAZON COM INC   2012-12-07 2014-10-03
d 148.978 AMERICAN CENT SMALL CAP VALU INS   2009-07-20 2014-10-03
e 48. AMERICAN EXPRESS CO   2013-09-24 2014-10-03
69. APPLE COMPUTER INC   2012-10-08 2014-10-03
927. ASTRAZENECA P L C SPSD A D R   2012-10-08 2014-10-03
25. ASTRAZENECA P L C SPSD A D R   2012-10-19 2014-10-03
36. ASTRAZENECA P L C SPSD A D R   2013-03-12 2014-10-03
8. BIOGEN, INC   2012-10-08 2014-10-03
25. BIOGEN, INC   2013-01-08 2014-10-03
131. BORG WARNER INC   2012-11-23 2014-10-03
99. CBS CORP CLASS B NON VOTING   2013-04-09 2014-10-03
11. CATERPILLAR INC   2007-03-24 2014-10-03
17. CELGENE CORP   2012-10-08 2014-10-03
85. COGNIZANT TECH SOLUTIONS CL A   2013-09-24 2014-10-03
938. COMPANHIA PARANAENSE ENER SP A D R   2013-09-24 2014-10-03
62. DANAHER CORP   2012-10-19 2014-10-03
392. DR REDDYS LABORATORIES LTD A D R   2013-09-24 2014-10-03
98. E BAY INC   2012-10-19 2014-10-03
12. DELHAIZE GROUP SPONS A D R   2013-03-12 2014-10-03
266. DELHAIZE GROUP SPONS A D R   2013-04-09 2014-10-03
186. DELHAIZE GROUP SPONS A D R   2013-09-24 2014-10-03
127. FMC TECHNOLOGIES INC   2012-10-19 2014-10-03
27. FACEBOOK INC A   2012-11-15 2014-10-03
60. F5 NETWORKS INC   2013-09-24 2014-10-03
130. FLUOR CORP   2012-11-09 2014-10-03
1207. FLY LEASING LTD A D R   2012-10-08 2014-10-03
145. FRANKLIN RES INC   2012-12-05 2014-10-03
344. GRUPO SIMEC A D R   2012-10-08 2014-10-03
240. HIMAX TECHNOLOGIES INC A D R   2012-10-08 2014-10-03
29. CITY TELECOM HK LTD A D R   2012-10-08 2014-10-03
380. CITY TELECOM HK LTD A D R   2012-11-09 2014-10-03
25. HUANENG PWR INTL INC SPON ADR SER N   2013-04-09 2014-10-03
102. INDUSTRIAS BACHOCO SAB DE CV A D R   2013-02-27 2014-10-03
266. INDUSTRIAS BACHOCO SAB DE CV A D R   2013-04-09 2014-10-03
73. INDUSTRIAS BACHOCO SAB DE CV A D R   2013-09-24 2014-10-03
5. INTUITIVE SURGICAL INC   2012-10-08 2014-10-03
50. KB FINANCIAL GROUP A D R   2013-02-20 2014-10-03
1. LAS VEGAS SANDS CORP   2012-10-19 2014-10-03
87. LAUDER ESTEE COS INC CL A   2012-10-19 2014-10-03
14. MONSANTO CO   2012-11-23 2014-10-03
1675.224 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2013-02-27 2014-10-03
99.311 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2013-03-12 2014-10-03
1206. NIPPON TELEGRAPH TELE A D R   2012-11-01 2014-10-03
5615.922 OPPENHEIMER DEVELOPING MARKETS I   2013-02-05 2014-10-03
466. ORIX CORP SPONS A D R   2012-12-05 2014-10-03
9. PRECISION CASTPARTS CORP   2012-11-09 2014-10-03
15. PRECISION CASTPARTS CORP   2012-11-23 2014-10-03
3. THE PRICELINE GROUP INC   2012-10-08 2014-10-03
21. RALPH LAUREN CORP   2012-12-10 2014-10-03
11853.959 RIDGEWORTH AGGRESSIVE GR STOCK FUND   2013-09-30 2014-10-03
16. ROSS STORES INC   2012-10-08 2014-10-03
158. ROYAL DUTCH SHELL PLC A D R   2013-01-25 2014-10-03
1. ROYAL DUTCH SHELL PLC A D R   2012-09-02 2014-10-03
8. SBA COMMUNICATIONS CORP CL A   2012-10-08 2014-10-03
82. SALESFORCE COM INC   2012-12-10 2014-10-03
66. SHIRE PLC A D R   2013-01-08 2014-10-03
45. SIEMENS AG A D R   2013-04-09 2014-10-03
754. SIRIUS XM HOLDINGS   2012-11-01 2014-10-03
147. SMITH & NEPHEW P L C A D R   2013-01-25 2014-10-03
82. SUMITOMO MITSUI FINL GROUP A D R   2013-02-05 2014-10-03
1625. SUMITOMO MITSUI FINL GROUP A D R   2013-04-09 2014-10-03
20. TEVA PHARMACEUTICALS INDS LTD ADR   2013-01-25 2014-10-03
86. TEVA PHARMACEUTICALS INDS LTD ADR   2013-02-27 2014-10-03
43. TEVA PHARMACEUTICALS INDS LTD ADR   2013-03-12 2014-10-03
2. TEXTRON INC   2007-03-24 2014-10-03
11. TOTAL SA SPON A D R   2013-02-27 2014-10-03
104. TOYOTA MTR CORP A D R   2013-01-08 2014-10-03
105. TRINITY BIOTECH PLC SPON A D R   2012-10-08 2014-10-03
13. TRINITY BIOTECH PLC SPON A D R   2013-01-08 2014-10-03
307. TRINITY BIOTECH PLC SPON A D R   2013-09-24 2014-10-03
62. UNION PACIFIC CORP   2012-10-08 2014-10-03
1004.474 VANGUARD STRATEGIC EQUITY   2012-10-08 2014-10-03
22. VERISIGN INC   2012-10-08 2014-10-03
13. WILLIAMS COS INC   2012-12-19 2014-10-03
27. WYNN RESORTS LTD   2013-09-24 2014-10-03
5. COVIDIEN PLC   2012-10-08 2014-10-03
80. LIBERTY GLOBAL PLC A   2013-09-24 2014-10-03
66616.054 OPPENHEIMER SENIOR FLOATING RATE I   2013-06-10 2014-10-16
7. AMERICAN EXPRESS CO   2013-09-24 2014-10-20
8. ATHENAHEALTH INC   2013-09-24 2014-10-20
152. BP AMOCO PLC SPONSORED ADR   2014-10-03 2014-10-20
269. B H P BILLITON LIMITED A D R   2014-10-03 2014-10-20
23. BOEING CO   2007-03-24 2014-10-20
56. CABOT OIL GAS CORP CL A   2012-11-15 2014-10-20
13. CATERPILLAR INC   2007-03-24 2014-10-20
1. CHINA PETROLEUM CHEM A D R   2012-10-19 2014-10-20
12. COMPANHIA BRASILEIRA DE DIST A D R   2013-03-12 2014-10-20
34. COMPANHIA PARANAENSE ENER SP A D R   2013-09-24 2014-10-20
71. CONCHO RES INC   2014-10-03 2014-10-20
52. DR REDDYS LABORATORIES LTD A D R   2013-09-24 2014-10-20
18. E BAY INC   2013-04-09 2014-10-20
10. F5 NETWORKS INC   2013-09-24 2014-10-20
44. FRANKLIN RES INC   2012-11-09 2014-10-20
303. GENERAL ELEC CO   2007-03-24 2014-10-20
576. GRUPO SIMEC A D R   2012-11-09 2014-10-20
120. GRUPO FIN SANTANDER A D R B   2012-11-28 2014-10-20
40. HALLIBURTON CO   2013-02-27 2014-10-20
464. CITY TELECOM HK LTD A D R   2012-10-08 2014-10-20
46. HUANENG PWR INTL INC SPON ADR SER N   2013-04-09 2014-10-20
1. INTERCONTINENTAL EXCHANGE IN   2012-10-08 2014-10-20
2. INTUITIVE SURGICAL INC   2012-11-09 2014-10-20
719. KT CORP SP A D R   2013-01-25 2014-10-20
40. LAS VEGAS SANDS CORP   2013-04-09 2014-10-20
7. LULULEMON ATHLETICA INC   2013-09-24 2014-10-20
95. MITSUBISHI UFJ FINL GRP A D R   2012-10-08 2014-10-20
69. NIPPON TELEGRAPH TELE A D R   2012-10-08 2014-10-20
72.772 NUVEEN HIGH INCOME BOND FD CL I   2013-09-24 2014-10-20
2949.994 NUVEEN REAL ESTATE SECS I   2010-11-16 2014-10-20
16. PIONEER NAT RES CO   2013-09-24 2014-10-20
2. RALPH LAUREN CORP   2013-04-09 2014-10-20
8. ROYAL DUTCH SHELL PLC A D R   2012-09-02 2014-10-20
19. SCHWAB CHARLES CORP   2014-10-03 2014-10-20
3. SHIRE PLC A D R   2013-01-08 2014-10-20
68. SUMITOMO MITSUI FINL GROUP A D R   2013-01-08 2014-10-20
12. TERADATA CORP   2012-12-05 2014-10-20
95. TOTAL SA SPON A D R   2013-02-27 2014-10-20
28. TRINITY BIOTECH PLC SPON A D R   2012-10-08 2014-10-20
7. TRIPADVISOR INC   2014-10-03 2014-10-20
39. UNION PACIFIC CORP   2012-10-08 2014-10-20
1. VMWARE INC CL A   2012-11-23 2014-10-20
12. WYNN RESORTS LTD   2013-09-24 2014-10-20
288. XEROX CORP   2007-03-24 2014-10-20
185. XINYUAN REAL ESTATE CO LTD A D R   2012-10-08 2014-10-20
13. COVIDIEN PLC   2013-01-08 2014-10-20
7. LIBERTY GLOBAL PLC A   2013-09-24 2014-10-20
17. NXP SEMICONDUCTORS NV   2013-03-12 2014-10-20
3881. SPDR DOW JONES INTERNATIONAL ETF   2011-06-21 2014-12-03
132. PT INDOSAT A D R   2012-10-08 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 94,940   93,374 1,566
b 2,423   2,345 78
c 9,948   7,996 1,952
d 1,384   855 529
e 4,159   3,681 478
6,853   6,289 564
64,465   43,448 21,017
1,739   1,189 550
2,504   1,640 864
2,570   1,219 1,351
8,032   3,674 4,358
7,137   4,542 2,595
5,191   3,920 1,271
1,074   737 337
1,603   681 922
3,762   3,512 250
12,715   12,933 -218
4,656   3,473 1,183
20,385   14,826 5,559
5,371   4,851 520
201   161 40
4,460   3,244 1,216
3,119   3,032 87
6,678   5,845 833
2,089   592 1,497
7,369   5,211 2,158
8,581   7,098 1,483
15,309   16,643 -1,334
7,928   6,213 1,715
4,617   4,416 201
2,386   494 1,892
173   133 40
2,261   1,716 545
1,094   1,071 23
5,976   3,076 2,900
15,584   8,711 6,873
4,277   3,020 1,257
2,365   2,547 -182
1,751   1,796 -45
62   45 17
6,428   5,567 861
1,545   1,257 288
16,937   17,082 -145
1,004   1,035 -31
36,022   29,685 6,337
214,472   192,215 22,257
30,333   23,761 6,572
2,061   1,530 531
3,434   2,681 753
3,443   1,876 1,567
3,500   3,232 268
267,070   250,000 17,070
1,213   1,044 169
11,624   11,338 286
74   76 -2
877   517 360
4,732   3,116 1,616
17,222   6,292 10,930
5,185   4,531 654
2,530   2,197 333
12,067   8,412 3,655
660   680 -20
13,079   13,310 -231
1,093   760 333
4,701   3,234 1,467
2,350   1,723 627
71   92 -21
671   543 128
12,033   8,134 3,899
1,890   1,490 400
234   190 44
5,525   6,385 -860
6,671   3,816 2,855
32,053   21,275 10,778
1,222   1,065 157
716   416 300
4,899   4,178 721
476   273 203
3,403   3,200 203
544,919   557,261 -12,342
585   537 48
893   895 -2
6,218   6,531 -313
15,849   15,511 338
2,850   2,081 769
1,733   1,337 396
1,220   871 349
85   82 3
502   646 -144
467   469 -2
7,458   8,478 -1,020
2,520   1,967 553
879   882 -3
1,117   869 248
2,271   1,887 384
7,544   10,828 -3,284
6,815   7,384 -569
1,512   1,724 -212
2,121   1,708 413
3,242   2,130 1,112
2,069   1,970 99
199   131 68
966   1,040 -74
10,395   12,762 -2,367
2,509   2,093 416
280   511 -231
502   445 57
2,046   1,701 345
643   664 -21
69,059   49,775 19,284
2,878   2,940 -62
313   319 -6
545   606 -61
485   562 -77
555   286 269
504   494 10
491   702 -211
5,233   4,690 543
496   397 99
585   626 -41
4,132   2,400 1,732
88   89 -1
2,173   1,857 316
3,636   4,987 -1,351
500   530 -30
1,093   710 383
299   280 19
1,046   512 534
167,353   154,014 13,339
1,814   4,256 -2,442
      84,046
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       1,566
b       78
c       1,952
d       529
e       478
      564
      21,017
      550
      864
      1,351
      4,358
      2,595
      1,271
      337
      922
      250
      -218
      1,183
      5,559
      520
      40
      1,216
      87
      833
      1,497
      2,158
      1,483
      -1,334
      1,715
      201
      1,892
      40
      545
      23
      2,900
      6,873
      1,257
      -182
      -45
      17
      861
      288
      -145
      -31
      6,337
      22,257
      6,572
      531
      753
      1,567
      268
      17,070
      169
      286
      -2
      360
      1,616
      10,930
      654
      333
      3,655
      -20
      -231
      333
      1,467
      627
      -21
      128
      3,899
      400
      44
      -860
      2,855
      10,778
      157
      300
      721
      203
      203
      -12,342
      48
      -2
      -313
      338
      769
      396
      349
      3
      -144
      -2
      -1,020
      553
      -3
      248
      384
      -3,284
      -569
      -212
      413
      1,112
      99
      68
      -74
      -2,367
      416
      -231
      57
      345
      -21
      19,284
      -62
      -6
      -61
      -77
      269
      10
      -211
      543
      99
      -41
      1,732
      -1
      316
      -1,351
      -30
      383
      19
      534
      13,339
      -2,442
       
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 2 263,581
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 165,639 4,111,887 0.040283
2012 211,020 3,775,289 0.055895
2011 133,100 3,761,638 0.035384
2010 52,825 2,828,906 0.018673
2009 79,505 1,243,450 0.063939
2 Total of line 1, column (d) ...................... 2 0.214174
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 0.042835
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,362,205
5 Multiply line 4 by line 3....................... 5 186,855
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,088
7 Add lines 5 and 6......................... 7 189,943
8 Enter qualifying distributions from Part XII, line 4.............. 8 247,335
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 3,088
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 3,088
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 3,088
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,324
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 1,324
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 1,764
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 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     		56,513    
    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
    4,284,966
    b
    Average of monthly cash balances.......................
    1b
    143,669
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,428,635
    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
    4,428,635
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    66,430
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,362,205
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    218,110
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    218,110
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,088
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,088
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    215,022
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,179
    5
    Add lines 3 and 4............................
    5
    217,201
    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
    217,201
    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
    247,335
    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
    247,335
    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
    3,088
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    244,247
    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 7 217,201
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 219,989
    b Total for prior years:2012, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 0
    b From 2010....... 0
    c From 2011....... 0
    d From 2012....... 0
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 247,335
    a Applied to 2013, but not more than line 2a 219,989
    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..... 27,346
    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 ..........     		189,855
    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:
    US BANK ATTN LINDA THOMAS-BUSH
    800 WILLAMETTE ST
    EUGENE,OR97401
    (503) 465-4120
    bThe form in which applications should be submitted and information and materials they should include:
    REQUEST FROM US BANK
    cAny submission deadlines:
    CONTACT US BANK
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESIDENTS OF GRANT COUNTY, OREGON - SCHOLARSHIPS FOR COLLEGE, UNIVERSITY, OR OTHER INSTITUTIONS OF HIGHER LEARNING.
    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
    OREGON INSTITUTE OF TECH
    FINANCIAL AID DEPARTMENT
    3201 CAMPUS DR
    KLAMATH FALLS,OR97601     		NONE PUBLIC SCHOLARSHIP 14,700
    OREGON STATE UNIVERSITY
    218 KERR ADMIN BUILDING
    CORVALLIS,OR97331     		NONE PUBLIC SCHOLARSHIP 47,567
    PACIFIC UNIVERSITY
    FINANCIAL AID OFFICE
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE PUBLIC SCHOLARSHIP 9,800
    PENSACOLA CHRISTIAN COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 18000
    PENSACOLA,FL32523     		NONE PUBLIC SCHOLARSHIP 4,900
    PORTLAND COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 19000
    PORTLAND,OR97280     		NONE PUBLIC SCHOLARSHIP 4,400
    PORTLAND STATE UNIVERSITY
    FINANCIAL AID OFFICE
    PO BOX 751
    PORTLAND,OR97207     		NONE PUBLIC SCHOLARSHIP 16,334
    SOUTHERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    1250 SISKIYOU BLVD
    ASHLAND,OR97520     		NONE PUBLIC SCHOLARSHIP 14,700
    TREASURE VALLEY COMM COLLEGE
    FINANCIAL AID OFFICE
    650 COLLEGE BLVD
    ONTARIO,OR97914     		NONE PUBLIC SCHOLARSHIP 14,700
    UNIVERSITY OF IDAHO
    FINANCIAL AID OFFICE
    PO BOX 444260
    MOSCOW,ID83844     		NONE PUBLIC SCHOLARSHIP 17,967
    UNIVERSITY OF OREGON
    FINANCIAL AID OFFICE
    1278 UNIVERSITY OF OREGON
    EUGENE,OR97403     		NONE PUBLIC SCHOLARSHIP 14,700
    WALLA WALLA COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    500 TAUSICK WAY
    WALLA WALLA,WA99362     		NONE PUBLIC SCHOLARSHIP 24,500
    WAYNE COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 8002
    GOLDSBORO,NC27533     		NONE PUBLIC SCHOLARSHIP 2,450
    WILLAMETTE UNIVERSITY
    FINANCIAL AID OFFICE
    900 STATE STREET
    SALEM,OR97301     		NONE PUBLIC SCHOLARSHIP 4,900
    WESTERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE PUBLIC SCHOLARSHIP 13,066
    VALLEY CITY STATE UNIVERSITY
    101 COLLEGE STREET SW
    VALLEY CITY,ND58072     		NONE PUBLIC SCHOLARSHIP 4,900
    WEST TEXAS A&M UNIVERSITY
    2501 4TH AVENUE
    CANYON,TX79016     		NONE PUBLIC SCHOLARSHIP 4,900
    TEXAS WOMAN'S UNIVERSITY
    304 ADMINISTRATION DRIVE
    DENTON,TX76201     		NONE PUBLIC SCHOLARSHIP 4,900
    UNIVERSITY OF WASHINGTON TACOMA
    1900 COMMERCE STREET
    TACOMA,WA98402     		NONE PUBLIC SCHOLARSHIP 4,900
    UNIVERSITY OF PORTLAND
    5000 NORTH WILLAMETTE BOULEVARD
    PORTLAND,OR97203     		NONE PUBLIC SCHOLARSHIP 4,900
    UTAH STATE UNIVERISTY
    1600 OLD MAIN HILL
    LOGAN,UT84322     		NONE PUBLIC SCHOLARSHIP 4,900
    MOUNT HOOD COMMUNITY COLLEGE
    26000 SOUTHEAST STARK STREET
    GRESHAM,OR97030     		NONE PUBLIC SCHOLARSHIP 6,533
    Total .................................bullet 3a 240,617
    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 98,357  
    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 .............     		    18 263,581  
    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)..   361,938  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13361,938
    (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:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN HIGH INCOME BOND FD 241,596 226,079

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CARNIVAL PLC ADR 23,207 28,806
    BOEING CO    
    CVS CAREMARK CORP 35 104
    CATERPILLAR INC    
    GENERAL ELECTRIC CO    
    J P MORGAN CHASE & CO 3,396 4,290
    TEXTRON INC    
    XEROX CORP    
    AMERICAN CENT SMALL CAP VALUE    
    CAREFUSION CORPORATION 41 60
    NUVEEN REAL ESTATE SECS FD 195,345 242,212
    SPDR DJ WILSHIRE INTL    
    T ROWE PRICE SC STOCK 49,916 64,352
    TFS MARKET NEUTRAL FD 339,499 342,930
    ALTERA CORP 34 37
    AMAZON COM INC 5,184 7,603
    AMERICAN TOWER CORP 18,112 21,018
    AMGEN INC 4,734 8,359
    APPLE INC 18,785 27,105
    BIOGEN IDEC INC 4,721 12,697
    BLACKROCK INC 1,906 3,343
    BORG WARNER INC 31 61
    CABOT OIL GAS CORP    
    CBS CORP CLASS B NON VOTING    
    CELGENE CORP 8,053 24,428
    CERNER CORPORATION 4,450 8,359
    CITRIX SYS INC 70 64
    CONCHO RES INC 5,612 5,119
    COSTCO WHSL CORP 4,560 5,291
    DANAHER CORP 11,027 18,154
    DELTA AIR LINES INC 2,555 8,103
    DISNEY WALT CO 1,311 2,498
    DOLLAR GENERAL CORP 7,641 10,820
    E BAY INC    
    E M C CORPORATION 3,380 3,589
    ECOLAB INC 14,925 16,060
    FACEBOOK INC 7,505 23,059
    FLUOR CORP    
    FMC TECHNOLOGIES INC    
    FRANKLIN RES INC    
    GILEAD SCIENCES INC 5,976 17,600
    GOOGLE INC 8,302 12,378
    GRAINGER W W INC 4,628 5,686
    HALLIBURTON CO    
    ILLINOIS TOOL WORKS 2,172 3,559
    INTERCONTINENTAL EXCHANGE INC 9,075 10,061
    INTUITIVE SURGICAL INC    
    LAS VEGAS SANDS CORP    
    LAUDER ESTEE COS INC    
    MASTERCARD INC 5,570 9,914
    MCGRAW HILL FINANCIAL INC 55 103
    MONSANTO CO 13,700 18,185
    PRECISION CASTPARTS CORP 5,244 6,705
    PRICELINE COM INC    
    QUALCOMM INC 5,387 6,526
    RALPH LAUREN CORP    
    RANGE RESOURCES CORP 5,295 3,815
    ROSS STORES INC 4,175 6,772
    SALESFORCE COM INC 6,528 11,795
    SBA COMMUNICATIONS CORP 6,532 12,346
    SIRIUS XM RADIO INC 2,719 3,629
    STARBUCKS CORP 4,639 8,881
    TERADATA CORP    
    ULTA SALON COSMETICS & FRAG 5,195 7,320
    UNION PACIFIC CORP 14,430 28,261
    UNITED HEALTH GROUP INC 6,741 8,977
    UNITED TECHNOLOGIES CORP 9,552 14,873
    VERISIGN INC 49 64
    VISA INC 14,436 28,216
    VMWARE INC    
    WILLIAMS COS INC    
    ASTRAZENCA PLC SPSD ADR REPSTG 7,625 11,437
    BAIDU COM INC ADR REPSTG 11,271 11,410
    BP PLC SPONS ADR 18,090 17,446
    BRIT AMERN TOB PLC SPONS ADR 81,778 87,935
    CHINA PETROLEUM CHEM ADR    
    CITY TELECOM HK LTD ADR 335 534
    COVIDIEN PLC    
    DELHAIZE GROUP SPONS ADR 22,211 36,215
    FLY LEASING LTD ADR REPSTG 36,855 40,260
    FRESENIUS MED CARE 29,695 35,135
    GLAXO SMITHKLINE PLC ADR 18,490 19,253
    GRUPO FIN SANTANDER ADR 3,794 2,907
    GRUPO SIMEC ADR REPSTG    
    HIMAX TECHNOLOGIES INC ADR 516 1,800
    KB FINANCIAL GROUP ADR    
    KT CORP SP ADR REPSTG    
    LG DISPLAY CO LTD ADR 16,828 18,765
    MICHAEL KORS HOLDINGS LLD 4,798 4,314
    MITSUBISHI UFJ FINL GRP ADR 3,496 4,878
    MIZUHO FNL GRP ADR 26,603 23,243
    NATIONAL GRID PLC SP ADR 84,423 86,797
    NIPPON TELEGRAPH TELE ADR 29,018 38,539
    NOVARTIS AG ADR REPSTG 78,424 93,082
    NTT DOCOMO INC ADR REPSTG 67,253 73,477
    NXP SEMICONDUCTORS NV    
    ORIX CORP SPONS ADR 2,898 4,032
    PT INDOSAT ADR REPSTG    
    ROYAL DUTCH SHELL PLC ADR 28,124 25,364
    SANOFI ADR REPSTG 44 49
    SAP AG ADR REPSTG 3,016 2,667
    SCHLUMBERGER LTD 4,041 4,629
    SHIRE PLC ADR REPSTG 959 2,419
    SMITH & NEPHEW PLC ADR 40,265 57,818
    STATOIL ASA ADR REPSTG 553 414
    SUMITOMO MITSUI FINL GROUP ADR 23,422 23,276
    TEVA PHARMACEUTICAL INDS LTD 39,743 58,217
    TOYOTA MTR CORP ADR REPSTG 6,529 10,830
    TRINITY BIOTECH PLC SPON ADR 5,874 7,140
    WACOAL HOLDINGS CORP ADR 14,708 13,502
    WESTPAC BANKING COPR SP ADR 24,992 26,236
    WNS HOLDINGS LTD ADR 12,251 15,587
    XINYUAN REAL ESTATE CO LTD ADR 9,454 10,092
    ABERDEEN FDS EMRGN MKT INSTL 318,807 309,524
    FIDELITY CAP TR CAP APPREC FD 113,127 141,846
    LOOMIS SAYLES STRAT ALPHA 100,398 100,790
    NUVEEN DIVIDEND VALUE FUND 62,203 65,997
    NUVEEN MID CAP GRWTH OPP FD 90,187 88,815
    NUVEEN MID CAP VALUE FUND 77,719 100,801
    NUVEEN SANTA BARBARA DIV GRWTH 82,577 102,154
    NUVEEN SMALL CAP VALUE FUND 50,539 77,816
    OPPENHEIMER DEVEL MKTS FDS    
    OPPENHEIMER SR FLOAT RATE    
    T ROWE PRICE BLUE CHIP GROWTH 119,780 165,910
    VANGUARD EQUITY INCOME 1 1
    VANGUARD INTL GROWTH FD 1 1
    VANGUARD STRATEGIC EQUITY 103,305 164,136
    VANGUARD TOTAL STK MKT INDEX 89,130 135,632
    ALEXION PHARMACEUTICALS INC 5,201 7,576
    AMERICAN EXPRESS CO 5,905 6,282
    ATHENAHEALTH INC    
    BEST BUY CO INC 26 38
    COGNIZANT TECH SOLUTIONS 3,430 5,186
    F5 NETWORKS INC    
    LULULEMON ATHLETICA INC    
    MORGAN STANLEY 5,150 6,764
    NEWS CORP NEW 86 104
    PIONEER NAT RES CO    
    TWENTY FIRST CENTURY FOX INC 12,599 13,300
    WYNN RESORTS LTD    
    ARM HLDGS PLC ADR 5,530 6,149
    CENTRAIS ELECTR BRASIL ADR 4,133 2,309
    CHINA MOBILE LIMITED ADR 7,434 8,875
    COMPANHIA BRASIL DE DIST ADR 2,261 1,430
    COMPANHIA PARAN ENER SP ADR 5,998 5,220
    DR REDDYS LABORATORIES LTD ADR    
    HUANENG PWR INTL INC    
    INDUSTRIAS BACH SAB DE CV ADR 43,854 58,316
    LIBERTY GLOBAL PLC 5,504 7,252
    SIEMENS AG ADR REPSTG    
    SYNGENTA AG ADR REPSTG 12,850 11,163
    TOTAL SA ADR REPSTG 12,820 13,408
    RIDGEWORTH AGRESSIVE GR STK FD    
    NIKE INC 11,894 12,917
    TRIPADVISOR INC 3,575 3,570
    SCHWAB CHARLES CORP 4,793 4,753
    APPLIED MATERIALS INC 15,135 18,838
    PHILIPPINE LONG DIST ADR 7,087 7,446
    CANON INC SPONS ADR 58,385 59,024
    NICE SYS LTD SPONSORED ADR 19,155 27,142
    ALIBABA GROUP HOLDING LTD ADR 3,712 3,575
    SPLUNK INC 2,841 3,363
    COSTAR GROUP INC 6,335 8,365
    HONEYWELL INTERNATIONAL INC 3,947 4,420
    SERVICENOW INC 4,229 5,491
    B H P BILLITON LIMITED ADR 519 473
    WORKDAY INC 6,620 6,840
    ISHARES S P US PREFERRED STOCK 249,300 253,169
    ABBVIE INC 11,148 11,616
    NETFLIX COM INC 5,438 5,699
    ZOETIS INC 37 46
    COMCAST CORP CL A 4,673 5,225
    REED ELSEVIER NV ADR 11,032 12,296
    THE PRICELINE GROUP INC 8,023 16,087
    CHUNGHWA TELECOM CO LTD ADR 18,024 18,813
    NIELSEN NV 4,799 4,928
    LINKEDIN CORP A 9,438 12,024
    TWITTER INC 4,304 3,943
    TATA MOTORS LTD ADR 8,494 9,204
    AVIANCA HOLDINGS ADR 18,394 16,037
    HILTON WORLDWIDE HOLDINGS IN 4,072 4,749
    UNDER ARMOR INC CL A 1,887 2,156
    CHIPOTLE MEXICAN GRILL INC 6,658 6,650
    GOOGLE INCE CL C 8,275 12,285
    IMS HEALTH HOLDINGS INC 3,631 3,606

    TY 2014 OtherExpensesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE 458 0   458
    ADR FEES 609 0   609


    TY 2014 OtherIncreasesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Description Amount
       
       
       


    TY 2014 TaxesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN: 35-6797693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,798 1,798   0
    FOREIGN TAXES ON QUALIFIED FOR 452 452   0