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
WAYNE C STEWART FOUNDATION UMA 050009586000
 

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

91-6574050
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$7,170,177J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 154,379 154,379  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 464,436
b Gross sales price for all assets on line 6a 3,074,240
7 Capital gain net income (from Part IV, line 2)... 464,436
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........ 618,815 618,815  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 74,726 67,253   7,473
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 5,534 5,534   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 1,227     1,227
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 81,487 72,787 0 8,700
25 Contributions, gifts, grants paid........ 333,516 333,516
26 Total expenses and disbursements. Add lines 24 and 25 415,003 72,787 0 342,216
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 203,812
b Net investment income (if negative, enter -0-) 546,028
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.......... 213,595 222,813 222,813
3 Accounts receivable bullet1,933
Less: allowance for doubtful accounts bullet   2,973 1,933 1,933
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)........ 5,533,250 Click to see attachment5,756,854 6,945,431
c Investments—corporate bonds (attach schedule)........      
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) 5,749,818 5,981,600 7,170,177
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......... 5,749,818 5,981,600
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)...... 5,749,818 5,981,600
31 Total liabilities and net assets/fund balances (see instructions).. 5,749,818 5,981,600
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 5,749,818
2 Enter amount from Part I, line 27a..................... 2 203,812
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 27,970
4 Add lines 1, 2, and 3.......................... 4 5,981,600
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 5,981,600
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 8191.556 ABERDEEN FDS EMRGN   2013-04-09 2014-07-30
b . TOYOTA MOTOR CORP ORD     2014-09-05
c 180. ABBOTT LABORATORIES   2013-04-09 2014-10-03
d 60. ALLERGAN INC   2013-01-08 2014-10-03
e 58. AMAZON COM INC   2012-10-08 2014-10-03
172.00051 APPLE COMPUTER INC   2012-10-08 2014-10-03
50.99949 APPLE COMPUTER INC   2012-09-10 2014-10-03
2251. ASTRAZENECA P L C SPSD A D R   2012-11-09 2014-10-03
70. ASTRAZENECA P L C SPSD A D R   2013-03-12 2014-10-03
12. BEST BUY INC   2013-04-09 2014-10-03
19. BIOGEN, INC   2012-10-18 2014-10-03
194. CBS CORP CLASS B NON VOTING   2012-10-18 2014-10-03
57. CVS CORP COM   2012-10-18 2014-10-03
348. CABOT OIL GAS CORP CL A   2012-11-01 2014-10-03
791. COMPANHIA BRASILEIRA DE DIST A D R   2013-03-12 2014-10-03
247. DANAHER CORP   2012-10-18 2014-10-03
236. DOLLAR GENERAL CORP   2012-10-18 2014-10-03
510. E M C CORP MASS   2012-10-18 2014-10-03
235. E BAY INC   2012-11-01 2014-10-03
96. ECOLAB INC   2012-10-18 2014-10-03
221. EXPRESS SCRIPTS HLDGS C   2012-10-18 2014-10-03
172. FMC TECHNOLOGIES INC   2013-02-05 2014-10-03
66. FACEBOOK INC A   2012-11-09 2014-10-03
46. FEDEX CORP COMMON STOCK   2013-02-27 2014-10-03
435.831 FIDELITY CAP TR APPREC FD #307   2013-01-08 2014-10-03
214. FLUOR CORP   2012-10-18 2014-10-03
1339. FLY LEASING LTD A D R   2012-10-08 2014-10-03
273. FRANKLIN RES INC   2012-11-01 2014-10-03
4. GILEAD SCIENCES INC   2012-10-18 2014-10-03
44. GRAINGER W W INC   2013-01-08 2014-10-03
1990. GRUPO SIMEC A D R   2012-10-08 2014-10-03
229. HOME DEPOT INC COMMON STOCK   2012-12-10 2014-10-03
1423. CITY TELECOM HK LTD A D R   2013-04-09 2014-10-03
610. HUANENG PWR INTL INC SPON ADR SER N   2013-04-09 2014-10-03
142. INTERNATIONAL BUSINESS MACHINES CAPITAL STOCK   1983-01-31 2014-10-03
14. INTUITIVE SURGICAL INC   2012-11-01 2014-10-03
3104. KT CORP SP A D R   2013-02-05 2014-10-03
132. LAS VEGAS SANDS CORP   2013-01-08 2014-10-03
218. LAUDER ESTEE COS INC CL A   2012-10-18 2014-10-03
7. LENNAR CORP CL A   2013-04-09 2014-10-03
31282.586 MAINSTAY FLOATING RATE I   2013-06-19 2014-10-03
184. MASTERCARD INC   2012-10-08 2014-10-03
16. MONSANTO CO   1990-06-15 2014-10-03
161. NATIONAL GRID PLC SP A D R   2012-10-18 2014-10-03
43. NEWS CORP NEW CL A W   2013-04-09 2014-10-03
2796. NIPPON TELEGRAPH TELE A D R   2012-10-18 2014-10-03
221.365 NUVEEN MID CAP VALUE FUND CL I   2012-10-18 2014-10-03
71463.474 OPPENHEIMER SENIOR FLOATING RATE I   2013-06-19 2014-10-03
8666.457 OPPENHEIMER DEVELOPING MARKETS I   2013-02-05 2014-10-03
1936. ORIX CORP SPONS A D R   2013-02-05 2014-10-03
75. PRECISION CASTPARTS CORP   2012-10-18 2014-10-03
5. THE PRICELINE GROUP INC   2012-10-08 2014-10-03
225. PT INDOSAT A D R   2012-10-18 2014-10-03
295. QUALCOMM INC   2012-11-01 2014-10-03
81. RALPH LAUREN CORP   2012-10-18 2014-10-03
125. RANGE RESOURCES CORP   2012-12-19 2014-10-03
135. ROSS STORES INC   2012-12-17 2014-10-03
200.642 T ROWE PRICE BLUE CHIP GROWTH FD   2012-08-08 2014-10-03
888. ROYAL DUTCH SHELL PLC A D R   2013-01-25 2014-10-03
23. SBA COMMUNICATIONS CORP CL A   2012-10-08 2014-10-03
2. SBA COMMUNICATIONS CORP CL A   2012-12-19 2014-10-03
13. SBA COMMUNICATIONS CORP CL A   2012-12-10 2014-10-03
24. SBA COMMUNICATIONS CORP CL A   2013-01-08 2014-10-03
335. SALESFORCE COM INC   2012-10-08 2014-10-03
180. SHIRE PLC A D R   2013-02-05 2014-10-03
83. SIEMENS AG A D R   2013-04-09 2014-10-03
3021. SIRIUS XM HOLDINGS   2012-11-09 2014-10-03
4257. STATOIL ASA A D R   2013-04-09 2014-10-03
1820. SUMITOMO MITSUI FINL GROUP A D R   2013-01-08 2014-10-03
424. SUMITOMO MITSUI FINL GROUP A D R   2013-01-25 2014-10-03
240. TEVA PHARMACEUTICALS INDS LTD ADR   2013-01-25 2014-10-03
364. TOTAL SA SPON A D R   2013-02-27 2014-10-03
53. TOTAL SA SPON A D R   2013-03-12 2014-10-03
320. TOYOTA MTR CORP A D R   2013-02-20 2014-10-03
108. TRINITY BIOTECH PLC SPON A D R   2012-10-18 2014-10-03
12. UNION PACIFIC CORP   2012-10-08 2014-10-03
83. UNION PACIFIC CORP   2012-10-18 2014-10-03
250. UNITED TECHNOLOGIES CORP   2012-10-18 2014-10-03
2. UNITED HEALTH GROUP INC   2012-10-18 2014-10-03
1. VISA INC   2012-10-08 2014-10-03
17. VISA INC   2012-10-18 2014-10-03
324. WELLS FARGO & CO NEW   2012-12-19 2014-10-03
7546. XINYUAN REAL ESTATE CO LTD A D R   2012-10-18 2014-10-03
76. YUM BRANDS INC   2013-02-27 2014-10-03
141. COVIDIEN PLC   2012-10-18 2014-10-03
17. MALLINCKRODT PLC   2012-10-18 2014-10-03
50. NXP SEMICONDUCTORS NV   2013-04-09 2014-10-03
26. ABBVIE INC   2014-10-03 2014-10-20
535.02 ABERDEEN FDS EMRGN   2012-08-08 2014-10-20
1. AMERICAN EXPRESS CO   2014-10-03 2014-10-20
246. BP AMOCO PLC SPONSORED ADR   2014-10-03 2014-10-20
324. B H P BILLITON LIMITED A D R   2014-10-03 2014-10-20
1. BIOGEN, INC   2012-10-18 2014-10-20
23. BORG WARNER INC   2012-10-18 2014-10-20
3. CVS CORP COM   2012-10-18 2014-10-20
87. COMPANHIA PARANAENSE ENER SP A D R   2014-10-03 2014-10-20
21. CONCHO RES INC   2014-10-03 2014-10-20
39. FLY LEASING LTD A D R   2012-10-08 2014-10-20
46. GLAXO SMITHKLINE P L C A D R   2012-12-17 2014-10-20
44. HALLIBURTON CO   2014-10-03 2014-10-20
7. IMS HEALTH HOLDINGS INC   2014-10-03 2014-10-20
35. INDUSTRIAS BACHOCO SAB DE CV A D R   2013-02-27 2014-10-20
313. LG DISPLAY CO LTD A D R   2014-10-03 2014-10-20
1. LINKEDIN CORP A   2014-10-03 2014-10-20
27. MONSANTO CO   1990-06-15 2014-10-20
1. NETFLIX COM INC   2014-10-03 2014-10-20
314. NIPPON TELEGRAPH TELE A D R   2012-10-18 2014-10-20
1529.839 NUVEEN REAL ESTATE SECS I   2010-11-22 2014-10-20
1. THE PRICELINE GROUP INC   2012-10-08 2014-10-20
32. SCHLUMBERGER LTD ISIN #AN8068571086   2014-10-03 2014-10-20
570. SCHWAB CHARLES CORP   2014-10-03 2014-10-20
2. SERVICENOW INC   2014-10-03 2014-10-20
7. SPLUNK INC   2014-10-03 2014-10-20
414.228 TFS MARKET NEUTRAL FUND   2012-10-08 2014-10-20
162. TOTAL SA SPON A D R   2013-03-12 2014-10-20
10. TRIPADVISOR INC   2014-10-03 2014-10-20
1. UNDER ARMOUR INC CL A   2014-10-03 2014-10-20
4. UNION PACIFIC CORP   2012-10-18 2014-10-20
5. WORKDAY INC   2014-10-03 2014-10-20
2. ZOETIS INC   2014-10-03 2014-10-20
2. MICHAEL KORS HOLDINGS LLD   2014-10-03 2014-10-20
. AMERICAN INTL GROUP INC     2014-11-24
. AMERICAN INTL GROUP INC     2014-11-24
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 129,918   127,643 2,275
b 119     119
c 7,437   6,603 834
d 10,727   5,435 5,292
e 18,613   14,989 3,624
17,083   16,367 716
5,065   5,409 -344
156,539   106,963 49,576
4,868   3,201 1,667
399   308 91
6,104   2,867 3,237
10,173   6,643 3,530
4,593   2,658 1,935
10,904   7,689 3,215
33,665   42,574 -8,909
18,548   13,252 5,296
14,488   11,217 3,271
14,606   12,867 1,739
12,880   11,701 1,179
10,932   6,708 4,224
15,618   14,165 1,453
9,044   7,886 1,158
5,107   1,311 3,796
7,408   4,741 2,667
16,867   13,166 3,701
14,126   12,596 1,530
16,984   18,463 -1,479
14,927   11,962 2,965
421   138 283
11,177   8,476 2,701
26,707   25,543 1,164
21,164   14,450 6,714
8,467   6,520 1,947
26,684   26,130 554
26,640   3,478 23,162
6,621   7,166 -545
50,216   54,663 -4,447
8,227   5,957 2,270
16,106   14,106 2,000
274   274  
295,308   300,000 -4,692
13,617   8,655 4,962
1,766   26 1,740
11,381   9,166 2,215
681   595 86
83,514   68,845 14,669
7,602   5,324 2,278
590,288   597,093 -6,805
330,972   294,115 36,857
126,020   99,291 26,729
17,171   12,626 4,545
5,739   3,126 2,613
3,251   7,067 -3,816
21,835   17,975 3,860
13,500   13,320 180
8,420   8,641 -221
10,235   8,001 2,234
13,602   8,882 4,720
65,333   63,999 1,334
2,521   1,485 1,036
219   138 81
1,425   895 530
2,631   1,659 972
19,333   12,864 6,469
46,970   17,341 29,629
9,564   8,355 1,209
10,135   8,763 1,372
109,253   108,786 467
14,649   13,210 1,439
3,413   3,150 263
13,119   9,120 3,999
22,192   18,000 4,192
3,231   2,729 502
37,026   28,996 8,030
1,943   1,527 416
1,291   739 552
8,931   5,244 3,687
25,949   19,800 6,149
171   112 59
211   139 72
3,590   2,413 1,177
16,784   11,317 5,467
22,594   21,562 1,032
5,468   5,424 44
13,417   7,393 6,024
1,545   682 863
3,332   1,554 1,778
1,417   1,510 -93
7,779   7,747 32
84   87 -3
10,063   10,570 -507
19,089   18,683 406
310   151 159
1,250   774 476
244   140 104
1,194   1,192 2
2,206   2,508 -302
463   538 -75
1,995   2,028 -33
2,333   2,724 -391
177   186 -9
2,017   1,056 961
4,571   4,764 -193
199   210 -11
3,024   44 2,980
363   453 -90
9,312   7,693 1,619
35,814   26,425 9,389
1,099   625 474
3,012   3,131 -119
14,548   16,866 -2,318
119   117 2
388   398 -10
6,300   6,371 -71
8,924   8,340 584
835   894 -59
65   67 -2
424   253 171
410   414 -4
71   74 -3
146   150 -4
81     81
81     81
      135,605
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       2,275
b       119
c       834
d       5,292
e       3,624
      716
      -344
      49,576
      1,667
      91
      3,237
      3,530
      1,935
      3,215
      -8,909
      5,296
      3,271
      1,739
      1,179
      4,224
      1,453
      1,158
      3,796
      2,667
      3,701
      1,530
      -1,479
      2,965
      283
      2,701
      1,164
      6,714
      1,947
      554
      23,162
      -545
      -4,447
      2,270
      2,000
       
      -4,692
      4,962
      1,740
      2,215
      86
      14,669
      2,278
      -6,805
      36,857
      26,729
      4,545
      2,613
      -3,816
      3,860
      180
      -221
      2,234
      4,720
      1,334
      1,036
      81
      530
      972
      6,469
      29,629
      1,209
      1,372
      467
      1,439
      263
      3,999
      4,192
      502
      8,030
      416
      552
      3,687
      6,149
      59
      72
      1,177
      5,467
      1,032
      44
      6,024
      863
      1,778
      -93
      32
      -3
      -507
      406
      159
      476
      104
      2
      -302
      -75
      -33
      -391
      -9
      961
      -193
      -11
      2,980
      -90
      1,619
      9,389
      474
      -119
      -2,318
      2
      -10
      -71
      584
      -59
      -2
      171
      -4
      -3
      -4
      81
      81
       
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 2 464,436
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 266,013 6,422,139 0.041421
2012 281,712 5,927,436 0.047527
2011 244,868 5,746,332 0.042613
2010 258,599 5,254,414 0.049216
2009 299,417 4,838,502 0.061882
2 Total of line 1, column (d) ...................... 2 0.242659
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 0.048532
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,855,433
5 Multiply line 4 by line 3....................... 5 332,708
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,460
7 Add lines 5 and 6......................... 7 338,168
8 Enter qualifying distributions from Part XII, line 4.............. 8 342,216
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 5,460
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 5,460
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 5,460
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,816
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 1,816
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 3,644
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)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580
    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97204
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    US BANK TRUSTEE
    1     		74,726    
    PO BOX 3168
    PORTLAND,OR97208
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,776,230
    b
    Average of monthly cash balances.......................
    1b
    183,600
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,959,830
    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
    6,959,830
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    104,397
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,855,433
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    342,772
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    342,772
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,460
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,460
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    337,312
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    11,434
    5
    Add lines 3 and 4............................
    5
    348,746
    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
    348,746
    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
    342,216
    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
    342,216
    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
    5,460
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    336,756
    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 7 348,746
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 324,025
    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$ 342,216
    a Applied to 2013, but not more than line 2a 324,025
    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..... 18,191
    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 ..........     		330,555
    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:
    LINDA THOMAS BUSH
    1025 NW BOND ST
    BEND,OR97701
    (541) 465-4120
    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:
    RESIDENTS OF GRANT COUNTY, OR
    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
    MT HOOD COMMUNITY COLLEGE
    26000 S E STARK STREET
    GRESHAM,OR97030     		NONE PUBLIC SCHOLARSHIP 8,166
    ARGOSY UNIVERSITY
    2601-A ELLIOTT AVE
    SEATTLE,WA98121     		NONE PUBLIC SCHOLARSHIP 4,400
    DIXIE STATE UNIVERSITY
    225 S 700 E
    ST GEORGE,UT84770     		NONE PUBLIC SCHOLARSHIP 4,900
    KLAMATH COMMUNITY COLLEGE
    7390 S 6TH ST
    KLAMATH FALLS,OR97601     		NONE PUBLIC SCHOLARSHP 4,900
    BOISE STATE UNIVERSITY
    1910 UNIVERSITY DRIVE
    BOISE,ID83725     		NONE PUBLIC SCHOLARSHIP 4,900
    BLUE MOUNTAIN COMM COLL
    2411 NW CARDEN
    PENDLETON,OR97801     		NONE PUBLIC SCHOLARSHIP 30,400
    CENTRAL OREGON COMM COLL
    FINANCIAL AID OFFICE
    2600 NW COLLEGE WAY
    BEND,OR97701     		NONE PUBLIC SCHOLARSHIP 43,600
    EASTERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    ONE UNIVERSITY BLVD INLOW HALL ROOM
    LA GRANDE,OR97850     		NONE PUBLIC SCHOLARSHIP 117,600
    GEORGE FOX UNIVERSITY
    FINANCIAL AID OFFICE
    414 N MERIDIAN STREET
    NEWBERG,OR97132     		NONE PUBLIC SCHOLARSHIP 4,900
    LANE COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    4000 E 30TH AVE
    EUGENE,OR97405     		NONE PUBLIC SCHOLARSHIP 4,900
    LINN-BENTON COMM COLL
    FINANCIAL AID OFFICE
    6500 PACIFIC BLVD SW
    ALBANY,OR97321     		NONE PUBLIC SCHOLARSHIP 4,900
    NORTHWEST NAZARENE UNIV
    FINANCIAL AID OFFICE
    623 S UNIVERSITY BLVD
    NAMPA,ID83686     		NONE PUBLIC SCHOLARSHIP 7,350
    OR HEALTH & SCIENCE UNIV
    FINANCIAL AID OFFICE
    3455 SW US VETERANS HOSP RD
    PORTLAND,OR97239     		NONE PUBLIC SCHOLARSHIP 4,900
    FIVE BRANCHES UNIVERSITY
    FINANCIAL AID OFFICE
    200 7TH AVE
    SANTA CRUZ,CA95062     		NONE PUBLIC SCHOLARSHIP 4,900
    MILAN INSTITUTE
    FINANCIAL AID OFFICE
    1021 W HEMINGWAY
    NAMPA,ID83651     		NONE PUBLIC SCHOLARSHIP 4,900
    PHAGANS SCHOOL OF HAIR DESIGN
    FINANCIAL AID OFFICE
    11860 SE 82ND AVE
    HAPPY VALLEY,OR97086     		NONE PUBLIC SCHOLARSHIP 4,900
    BRIGHAM YOUNG UNIVERSITY
    UNIVERSITY HILL
    PROVO,UT84602     		NONE PUBLIC SCHOLARSHIP 24,000
    COLORADO STATE UNIVERSITY
    2009 COLORADO STATE UNIVERSITY
    FORT COLLINS,CO80523     		NONE PUBLIC SCHOLARSHIP 4,900
    CORBAN UNIVERSITY
    5000 DEER PARK DRIVE SE
    SALEM,OR97317     		NONE PUBLIC SCHOLARSHIP 4,900
    COLUMBIA GORGE COMM COLLEGE
    FINANCIAL AID DEPARTMENT
    400 E SCENIC DRIVE
    THE DALLES,OR97058     		NONE PUBLIC SCHOLARSHIP 4,900
    KANSAS STATE UNIVERSITY
    FINANCIAL AID DEPARTMENT
    119 ANDERSON HALL
    MANHATTAN,KS66506     		NONE PUBLIC SCHOLARSHIP 4,900
    OLIVET NAZARENE UNIVERSITY
    FINANCIAL AID DEPARTMENT
    ONE UNIVERSITY AVE
    BOURBONNAIS,IL60914     		NONE PUBLIC SCHOLARSHIP 4,900
    CARRINGTON COLLEGE
    2004 LLOYD CENTER 3RD FLOOR
    PORTLAND,OR97232     		NONE PUBLIC GENERAL OPERATING 4,900
    NORTHWEST NANNIES INSTITUTE
    11830 SW KERR PKWY 330
    PORTLAND,OR97305     		NONE PUBLIC GENERAL OPERATING 4,900
    BROWN UNIVERSITY
    BOX 1827
    PROVIDENCE,RI02912     		NONE PUBLIC SCHOLARSHIP 4,900
    BRIGHAM YOUNG UNIVERSITY-IDAHO
    100 KIMBALL BUILDING
    REXBURG,ID83460     		NONE GENERAL SCHOLARSHIP 4,900
    CONCORDIA UNIVERSITY
    FINANCIAL AID OFFICE
    2800 NE HOLMAN
    PORTLAND,OR97211     		NONE PUBLIC SCHOLARSHIP 4,900
    Total .................................bullet 3a 333,516
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 154,379  
    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 .............     		    18 464,436  
    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)..   618,815  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13618,815
    (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 InvestmentsCorpStockSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA 050009586000
    EIN: 91-6574050
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMGEN INC 18,189 26,812
    FED EX CORP    
    INTL BUSINESS MACHINES    
    MONSANTO CO 358 26,615
    ASTRAZENECA PLC SPSD ADR 10,198 15,365
    BRITISH AMERN TOB PLC 120,727 126,603
    NOVARTIS AG ADR 113,443 135,987
    SANOFI AVENTIS ADR 20,375 18,274
    TOTAL SA ADR REPSTG 14,158 14,748
    ORIX CORP SPONS ADR    
    NUVEEN REAL ESTATE SECS FD 372,390 482,914
    ROYAL DUTCH SHELL PLC ADR    
    SIEMENS AG ADR    
    NUVEEN MID CAP GRWTH OPP FD 127,388 133,131
    TFS MARKET NEUTRAL FD 529,383 530,351
    BAIDU COM INC A D R 7,000 13,244
    NATIONAL GRID PLC SP A D R 105,323 126,288
    SHIRE PLC A D R    
    ALLERGAN INC    
    AMAZON COM INC 5,371 7,983
    APPLE INC 22,380 32,757
    BIOGEN IDEC INC 11,901 32,767
    BLACKROCK INC 4,606 8,914
    BORG WARNER INC 8,711 15,918
    CABOT OIL GAS CORP    
    CBS CORP CLASS B NON VOTING    
    CELGENE CORP 14,598 45,209
    CERNER CORP 10,912 21,618
    COSTCO WHSL CORP 9,977 15,284
    CVS CAREMARK CORP 11,055 24,721
    DANAHER CORP 12,864 20,685
    DELTA AIR LINES INC 4,029 12,777
    DISNEY WALT CO 18,612 26,020
    DOLLAR GENERAL CORP    
    E BAY INC    
    E M C CORPORATION    
    ECOLAB INC 10,981 18,140
    EXPRESS SCRIPTS HLDGS C    
    FACEBOOK INC A 8,367 29,456
    FLUOR CORP    
    FMC TECHNOLOGIES INC    
    FRANKLIN RES INC    
    GILEAD SCIENCES INC 10,470 31,473
    GOOGLE INC CL A 17,895 24,756
    GRAINGER W W INC    
    HOME DEPOT INC    
    INTUITIVE SURGICAL INC    
    LAS VEGAS SANDS CORP    
    LAUDER ESTEE COS INC    
    LENNAR CORP    
    MASTERCARD INC 3,365 6,309
    NEWS CORP INC    
    PRECISION CASTPARTS CORP 2,454 3,028
    PRICELINE COM INC    
    QUALCOMM INC    
    RALPH LAUREN CORP    
    RANGE RESOURCES CORP    
    ROSS STORES INC    
    SALESFORCE COM INC 4,493 8,117
    SBA COMMUNICATIONS CORP 6,552 12,346
    SIRIUS XM RADIO    
    STARBUCKS CORP 18,012 31,317
    ULTA SALON COSMETICS & FRAG 7,658 11,402
    UNION PACIFIC CORP 26,833 51,111
    UNITED HEALTH GROUP INC 12,021 24,430
    UNITED TECHNOLOGIES CORP    
    VISA INC 21,196 40,968
    WELLS FARGO CO    
    YUM BRANDS INC    
    CITY TELECOM HK LTD ADR    
    COVIDIEN PLC    
    DELHAIZE GROUP SPONS ADR 43,899 70,547
    FLY LEASING LTD ADR 67,321 72,807
    GLAXO SMITHKLINE PLC ADR 44,104 46,140
    GRUPO FIN SANTANDER ADR    
    KT CORP SP ADR    
    NXP SEMICONDUCTORS NV    
    PT INDOSAT ADR    
    SMITH NEPHEW PLC ADR 62,596 82,360
    STATOIL ASA ADR    
    SUMITOMO MITSUI FINL GROUP ADR 40,235 38,801
    TEVA PHARM INDS LTD ADR 69,304 99,671
    TOYOTA MTR CORP ADR 15,617 18,681
    TRINITY BIOTECH PLC SPON ADR 11,678 14,332
    WACOAL HOLDINGS CORP ADR 26,866 24,569
    WESTPAC BANKING COPR SP ADR 15,742 17,570
    XINYUAN REAL ESTATE CO LTD ADR    
    ABERDEEN FDS EMRGN MKT 492,655 479,118
    FIDELITY CAP TR CAP APPREC FD 185,956 233,230
    LOOMIS SAYLES ABS STRAT 145,776 144,976
    NUVEEN DIVIDEND VALUE FUND 87,100 97,223
    NUVEEN MID CAP VALUE FUND 98,989 149,822
    NUVEEN SANTA BARBARA DIV GRWTH 110,693 150,628
    NUVEEN SMALL CAP VALUE FUND 78,466 119,728
    OPPENHEIMER DEVELOPING MKTS    
    OPPENHEIMER SR FLOAT RATE    
    SPDR DJ WILSHIRE INTL 239,022 266,901
    T ROWE PRICE BLUE CHIP GRWTH 156,553 252,358
    T ROWE PRICE SC STOCK 87,814 109,741
    VANGUARD STRATEGIC EQUITY 191,278 289,912
    VANGUARD TOTAL STK MKT INDEX 174,900 256,996
    ABBOTT LABORATORIES    
    ALEXION PHARMACEUTICALS INC 4,921 9,019
    BEST BUY CO    
    TWENTY FIRST CENTURY FOX 24,977 27,300
    COMPANHIA BRASILEIRA    
    HUANENG PWR INTL INC    
    INDUSTRIAS BACHOCO SAB 95,024 110,203
    MALLINCKRODT PLC    
    MAINSTAY FLOATING RATE    
    ABBVIE INC 24,793 25,834
    AMERICAN EXPRESS CO 17,947 16,889
    AMERICAN TOWER CORP 22,342 26,173
    APPLIED MATERIALS INC 14,991 18,236
    CHIPOTLE MEXICAN GRILL INC 15,980 15,959
    COMCAST CORP CL A 15,454 17,280
    CONCHO RES INC 19,344 17,645
    COSTAR GROUP INC 14,177 18,721
    GOOGLE INC CL C 19,295 26,245
    HALLIBURTON CO 62 43
    HILTON WORLDWIDE HOLDINGS IN 848 989
    HONEYWELL INTERNATIONAL INC 10,190 11,409
    IMS HEALTH HOLDINGS INC 12,932 12,844
    LINKEDIN 23,701 30,194
    MCKESSON CORPORATION 6,112 7,090
    MORGAN STANLEY 16,015 16,463
    NETFLIX COM INC 14,954 15,672
    NIKE INC 25,666 27,873
    SERVICENOW INC 17,032 22,115
    SPLUNK INC 11,476 13,585
    THE PRICELINE GROUP INC 17,803 35,887
    TRIPADVISOR INC 12,513 12,495
    TWITTER INC 21,154 19,376
    UNDER ARMOUR INC CL A 4,382 5,006
    WORKDAY INC 18,205 18,810
    ZOETIS INC 15,888 19,727
    ALIBABA GROUP HOLDING LTD A D 19,799 19,067
    ARM HLDGS PLC A D R 18,146 22,992
    AVIANCA HOLDINGS A D R 30,662 26,732
    BP PLC SPONS A D R 21,613 20,844
    CANON INC SPONS A D R 115,354 116,617
    CARNIVAL PLC A D R 17,507 20,421
    CHINA MOBILE LIMITED 21,504 24,458
    CHUNGHWA TELECOM CO LTD A D R 21,611 22,557
    COMPNHIA PARAENSE ENER SP A D 12,933 11,328
    FRESENIUS MED AK ADR 32,653 38,314
    INTERCONTINENTAL HOTELS A D R 12,063 13,374
    LG DISPLAY CO LTD A D R 35,690 36,277
    LIBERTY GLOBAL PLC SERIES C 4,331 5,478
    MICHAEL KORS HOLDINGS LLD 16,642 14,965
    MIZUHO FNL GRP A D R 20,083 18,669
    NICE SYS LTD SPONSORED A D R 40,534 57,436
    NIELSEN NV 18,270 18,762
    NIPPON TELEGRAPH TELE A D R 39,115 53,357
    NT DOCOMO INC ADR 96,451 105,571
    PHILLIPPINE LONG DIST ADR 15,672 16,468
    REED ELSEVIER NV ADR 31,139 34,706
    SCHLUMBERGER LTD 16,928 14,560
    TATA MOTORS LTD ADR 4,175 4,528
    WNS HOLDINGS LTD ADR 31,766 34,527
    NUVEEN HIGH INCOME BOND FD 373,226 350,392

    TY 2014 OtherExpensesSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA 050009586000
    EIN: 91-6574050
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE 650 0   650
    ADR FEE 577 0   577


    TY 2014 OtherIncreasesSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA 050009586000
    EIN: 91-6574050
    Description Amount
       
       
       


    TY 2014 TaxesSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA 050009586000
    EIN: 91-6574050
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,397 4,397   0
    FOREIGN TAXES ON QUALIFIED FOR 712 712   0
    FOREIGN TAXES ON NONQUALIFIED 425 425   0