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
GRIFFIS SCHOLARSHIP FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)FIRST INTERSTATE TRUST PO BOX 7130   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KALISPELL, MT599040130
A Employer identification number

81-6009630
B Telephone number (see instructions)

(406) 756-5213
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$58,256J 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 1 1  
4 Dividends and interest from securities...... 1,567 1,567  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,496
b Gross sales price for all assets on line 6a 50,868
7 Capital gain net income (from Part IV, line 2)... 4,496
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 6,064 6,064  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 3,000 3,000   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 700 700   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,725 3,700   0
25 Contributions, gifts, grants paid........ 6,000 6,000
26 Total expenses and disbursements. Add lines 24 and 25 9,725 3,700   6,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,661
b Net investment income (if negative, enter -0-) 2,364
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 15 149 149
2 Savings and temporary cash investments.......... 1,371 2,056 2,056
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 1,276 Click to see attachment1,884 1,827
b Investments—corporate stock (attach schedule)........ 32,119 Click to see attachment29,972 32,054
c Investments—corporate bonds (attach schedule)........ 21,295 Click to see attachment18,259 17,821
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,184 Click to see attachment4,279 4,349
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) 60,260 56,599 58,256
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 60,260 56,599
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)...... 60,260 56,599
31 Total liabilities and net assets/fund balances (see instructions).. 60,260 56,599
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 60,260
2 Enter amount from Part I, line 27a..................... 2 -3,661
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 56,599
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 56,599
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 29.843069 CORE FIXED INCOME FUND   2013-01-10 2014-09-05
b 2.517903 CORE FIXED INCOME FUND   2014-03-03 2014-09-05
c 24.157944 CORE FIXED INCOME FUND   2014-01-07 2014-09-05
d 3.388104 CORE GROWTH FUND   2014-03-03 2014-09-05
e 0.798484 CORE VALUE FUND   2014-01-07 2014-09-05
0.867 DFA EMERGING MARKETS SML CAP   2014-02-03 2014-09-04
2.247 DFA EMERGING MARKETS SML CAP   2014-02-03 2014-07-01
1.525 DFA EMERGING MARKETS SML CAP   2014-02-03 2014-12-24
1.004 DFA EMERGING MARKETS SML CAP   2014-02-03 2014-03-03
4.37 DODGE & COX INCOME FUND   2014-09-04 2014-12-24
1.922 FIDELITY CONTRAFUND INC FUND   2014-08-01 2014-12-24
6.61 GS-INTERNATIONAL SML CAP   2013-09-30 2014-03-03
93.317 HARBOR COMMODITY REAL RETURN   2013-04-01 2014-03-03
0.925 MRGN STNLY INST MID CAP   2014-03-03 2014-09-04
0.794 MRGN STNLY INST MID CAP   2014-03-03 2014-12-24
2.171 PRINCIPAL GLOBAL REAL ESTATE SEC   2013-09-30 2014-08-01
6.17 PRINCIPAL GLOBAL REAL ESTATE   2013-09-30 2014-03-03
6.641 T ROWE PRICE EQUITY INCOME   2014-09-04 2014-12-24
5.474 TCW SELECT EQUITIES FUND -   2014-09-04 2014-12-24
1.303 VANGUARD EMERGING MARKETS STOCK INDEX- SIGNAL   2013-04-01 2014-03-03
5.561 VANGUARD GNMA FUND ADMIRAL   2014-09-04 2014-12-24
3.022 VANGUARD INFLATION-PROTECTED SEC FD- AD   2013-07-31 2014-02-03
1.15 VANGUARD INFLATION-PROTECTED SEC FD- AD   2014-03-03 2014-12-24
12.257 VANGUARD INTERMEDIATE-TERM INVEST GRADE   2014-09-04 2014-12-24
23.496 VANGUARD SHORT-TERM INVESTMENT GRADE   2014-08-01 2014-12-24
9.604 VANGUARD WINDSOR II FUND   2014-08-01 2014-09-04
2.487 AMERICAN EUROPACIFIC GROWTH FUND   2009-02-02 2014-12-24
2.058 AMERICAN EUROPACIFIC GROWTH FUND   2009-02-02 2014-03-03
393.59237 CORE FIXED INCOME FUND   2007-04-02 2014-08-01
38.328802 CORE FIXED INCOME FUND   2007-04-02 2014-02-03
18.455242 CORE FIXED INCOME FUND   2007-06-01 2014-09-05
52.444758 CORE FIXED INCOME FUND   2007-06-01 2014-08-01
165.83 CORE FIXED INCOME FUND   2007-08-01 2014-09-05
48.58 CORE FIXED INCOME FUND   2008-06-02 2014-09-05
197.289 CORE FIXED INCOME FUND   2009-09-01 2014-09-05
62.381316 CORE FIXED INCOME FUND   2010-05-31 2014-09-05
0.639545 CORE FIXED INCOME FUND   2011-05-31 2014-09-05
69.07226 CORE FIXED INCOME FUND   2012-03-01 2014-09-05
24.255182 CORE FIXED INCOME FUND   2013-02-01 2014-09-05
193.458212 CORE FIXED INCOME FUND   2013-08-01 2014-09-05
5.291307 CORE GROWTH FUND   1993-06-30 2014-02-03
0.297 CORE GROWTH FUND   1999-01-07 2014-02-03
15.94625 CORE GROWTH FUND   2004-09-01 2014-08-01
1.098901 CORE GROWTH FUND   2004-09-01 2014-02-03
3.384849 CORE GROWTH FUND   2004-09-01 2014-07-01
0.55 CORE GROWTH FUND   2005-04-01 2014-08-01
1.63 CORE GROWTH FUND   2005-10-03 2014-08-01
1.641065 CORE GROWTH FUND   2006-02-01 2014-08-01
0.758935 CORE GROWTH FUND   2006-02-01 2014-09-05
6.76 CORE GROWTH FUND   2008-03-03 2014-09-05
19.42 CORE GROWTH FUND   2009-02-02 2014-09-05
0.001111 CORE GROWTH FUND   2011-05-31 2014-09-05
3.312 CORE GROWTH FUND   2011-12-01 2014-09-05
2.702384 CORE GROWTH FUND   2012-03-01 2014-09-05
1.373382 CORE GROWTH FUND   2013-02-01 2014-09-05
1.607832 CORE VALUE FUND   2001-11-01 2014-02-03
5.413473 CORE VALUE FUND   2001-11-01 2014-08-01
0.648585 CORE VALUE FUND   2001-11-01 2014-03-03
0.11 CORE VALUE FUND   2005-10-03 2014-08-01
0.21 CORE VALUE FUND   2006-02-01 2014-08-01
2.1 CORE VALUE FUND   2008-03-03 2014-08-01
0.25 CORE VALUE FUND   2008-06-02 2014-08-01
6.660269 CORE VALUE FUND   2009-02-02 2014-09-05
0.179731 CORE VALUE FUND   2009-02-02 2014-08-01
0.135908 CORE VALUE FUND   2010-05-31 2014-09-05
1.921 CORE VALUE FUND   2011-02-01 2014-09-05
0.000547 CORE VALUE FUND   2011-05-31 2014-09-05
3.526 CORE VALUE FUND   2011-12-01 2014-09-05
1.161478 CORE VALUE FUND   2012-03-01 2014-09-05
0.78 CORE VALUE FUND   2013-02-01 2014-09-05
11.121 EATON VANCE FL RATE ADV   2013-09-30 2014-12-24
9.288 GS-INTERNATIONAL SML CAP INSIGHTS FUND-INS   2013-09-30 2014-12-24
86.672 HARBOR COMMODITY STRATEGY FD   2011-01-31 2014-02-03
90.632 HARBOR COMMODITY STRATEGY FD   2011-01-31 2014-03-03
7.964 HARBOR COMMODITY STRATEGY FD   2011-11-30 2014-03-03
10.03 HARBOR COMMODITY STRATEGY FD   2012-02-29 2014-03-03
3.868 HARBOR COMMODITY STRATEGY FD   2012-11-29 2014-03-03
9.098 HARBOR COMMODITY STRATEGY FD   2013-02-01 2014-03-03
0.669 HARBOR INTERNATIONAL   2009-02-02 2014-07-01
1.577 HARBOR INTERNATIONAL   2009-02-02 2014-03-03
2.28 HARBOR INTERNATIONAL   2009-02-02 2014-12-24
17.314 LKCM SMALL CAP INSTITUTIONAL   2009-02-02 2014-09-04
1.425 LKCM SMALL CAP INSTITUTIONAL   2009-02-02 2014-03-03
0.426 LKCM SMALL CAP INSTITUTIONAL   2012-07-31 2014-09-04
6.795 LKCM SMALL CAP INSTITUTIONAL   2013-04-01 2014-09-04
1.086 LKCM SMALL CAP INSTITUTIONAL   2013-04-01 2014-12-24
12.312 MRGN STNLY INST MID CAP GRWTH   2012-02-29 2014-09-04
2.472 MRGN STNLY INST MID CAP GRWTH   2012-07-31 2014-09-04
12.778 OPPENHEIMER DEVELOPING MARKETS FUND   2012-07-31 2014-03-03
1.207 OPPENHEIMER DEVELOPING MARKETS FUND   2012-11-29 2014-09-04
5.418 OPPENHEIMER DEVELOPING MARKETS FUND   2012-11-29 2014-12-24
6.752 OPPENHEIMER DEVELOPING MARKETS FUND   2012-11-29 2014-07-01
1.261 OPPENHEIMER DEVELOPING MARKETS FUND   2012-11-29 2014-08-01
28.689 OPPENHEIMER DEVELOPING MARKETS FUND   2012-11-29 2014-03-03
20.305 OPPENHEIMER INTERNATIONAL BOND FUND   2011-01-31 2014-12-24
10.174 PRINCIPAL GLOBAL REAL ESTATE   2013-09-30 2014-12-24
1.034 T ROWE PRICE MID CAP VALUE   2009-08-31 2014-12-24
1.21 T ROWE PRICE MID CAP VALUE   2009-08-31 2014-07-01
22.376 T ROWE PRICE MID CAP VALUE   2009-08-31 2014-03-03
22.157 TEMPLETON GLOBAL BOND FUND   2010-02-26 2014-03-03
29.446 TEMPLETON GLOBAL BOND FUND   2010-08-02 2014-03-03
1.501 TEMPLETON GLOBAL BOND FUND   2010-08-02 2014-07-01
12.117 TEMPLETON GLOBAL BOND FUND   2010-08-02 2014-12-24
1.824 VANGUARD 500 INDEX ADMIRAL   2008-03-03 2014-12-24
1.064 VANGUARD 500 INDEX FUND   2008-03-03 2014-07-01
1.055 VANGUARD 500 INDEX FUND   2008-03-03 2014-02-03
5.301 VANGUARD 500 INDEX FUND   2008-03-03 2014-09-04
2.725 VANGUARD EMERGING MARKETS STOCK INDEX FD- ADM   2013-04-01 2014-12-24
1.713 VANGUARD EMERGING MARKETS   2013-04-01 2014-08-01
0.815 VANGUARD EMERGING MARKETS   2013-04-01 2014-09-04
4.615 VANGUARD EMERGING MARKETS   2013-04-01 2014-07-01
21.606 VANGUARD HIGH YIELD CORP   2010-08-02 2014-12-24
3.52 VANGUARD HIGH YIELD CORP   2011-01-31 2014-12-24
16.579 VANGUARD INFLATION-PROTECTEDSEC FD   2011-04-01 2014-02-03
2.127 VANGUARD INFLATION-PROTECTED SEC FD   2011-04-01 2014-02-03
2.479 VANGUARD INFLATION-PROTECTED SEC FD   2011-04-01 2014-02-03
2.482 VANGUARD S/T INFL PROT-ADM   2013-04-01 2014-12-24
COMMON TRUST FUNDS      
COMMON TRUST FUNDS      
CAPITAL GAINS 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 303   313 -10
b 26   27 -1
c 245   253 -8
d 502   686 -184
e 280   355 -75
20   16 4
50   43 7
30   29 1
20   19 1
60   61 -1
190   188 2
70   68 2
601   657 -56
41   43 -2
30   37 -7
20   19 1
52   53 -1
220   229 -9
150   145 5
40   45 -5
60   60 0
79   80 -1
30   30 0
120   122 -2
250   252 -2
675   650 25
120   63 57
100   52 48
4,002   4,189 -187
392   402 -10
187   199 -12
533   555 -22
1,683   1,790 -107
493   534 -41
2,002   2,195 -193
633   681 -48
6   7 -1
701   741 -40
246   260 -14
1,963   2,032 -69
669   716 -47
38   47 -9
2,258   2,381 -123
139   147 -8
475   489 -14
78   84 -6
231   255 -24
232   259 -27
112   164 -52
1,001   1,447 -446
2,877   3,490 -613
      0
491   628 -137
400   529 -129
203   262 -59
507   545 -38
1,858   1,951 -93
212   222 -10
38   42 -4
72   85 -13
721   669 52
86   86 0
2,335   2,129 206
62   43 19
48   51 -3
673   807 -134
      0
1,236   1,403 -167
407   484 -77
273   317 -44
120   124 -4
90   95 -5
518   695 -177
584   727 -143
51   60 -9
65   74 -9
25   29 -4
59   67 -8
50   23 27
110   54 56
150   78 72
466   195 271
40   16 24
11   10 1
183   166 17
30   27 3
549   446 103
110   80 30
453   402 51
50   41 9
190   184 6
270   229 41
50   43 7
1,017   975 42
120   131 -11
96   87 9
30   19 11
40   23 17
680   420 260
283   286 -3
377   393 -16
20   20 0
150   162 -12
350   224 126
160   108 52
140   107 33
810   539 271
90   97 -7
60   59 1
30   28 2
160   158 2
129   121 8
21   20 1
434   430 4
56   60 -4
65   70 -5
60   58 2
125     125
5,256     5,256
928     928
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       -10
b       -1
c       -8
d       -184
e       -75
      4
      7
      1
      1
      -1
      2
      2
      -56
      -2
      -7
      1
      -1
      -9
      5
      -5
      0
      -1
      0
      -2
      -2
      25
      57
      48
      -187
      -10
      -12
      -22
      -107
      -41
      -193
      -48
      -1
      -40
      -14
      -69
      -47
      -9
      -123
      -8
      -14
      -6
      -24
      -27
      -52
      -446
      -613
      0
      -137
      -129
      -59
      -38
      -93
      -10
      -4
      -13
      52
      0
      206
      19
      -3
      -134
      0
      -167
      -77
      -44
      -4
      -5
      -177
      -143
      -9
      -9
      -4
      -8
      27
      56
      72
      271
      24
      1
      17
      3
      103
      30
      51
      9
      6
      41
      7
      42
      -11
      9
      11
      17
      260
      -3
      -16
      0
      -12
      126
      52
      33
      271
      -7
      1
      2
      2
      8
      1
      4
      -4
      -5
      2
      125
      5,256
      928
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 4,496
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 0 61,709 0.000000
2012 0 59,934 0.000000
2011 9,637 67,086 0.143651
2010 0 67,513 0.000000
2009 0 60,762 0.000000
2 Total of line 1, column (d) ...................... 2 0.143651
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 0.028730
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 63,878
5 Multiply line 4 by line 3....................... 5 1,835
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 24
7 Add lines 5 and 6......................... 7 1,859
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 24
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 24
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 24
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 24
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT
    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 addressbulletN/A
    14
    The books are in care ofbulletFIRST INTERSTATE BANK TRUST DEPT Telephone no.bullet (406) 756-5213
    Located atbulletPO BOX 7130KALISPELLMT ZIP+4bullet599040130
    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
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........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
    FIRST INTERSTATE BANK TRUST DEPT CORPORATE TRUSTEE
    2.00     		3,000 0 0
    PO BOX 7130
    KALISPELL,MT599040130
    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 N/A 0
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    62,084
    b
    Average of monthly cash balances.......................
    1b
    2,767
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    64,851
    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
    64,851
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    973
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    63,878
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,194
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,194
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    24
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,170
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,170
    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
    3,170
    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
    6,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    24
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,976
    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 3,170
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 3,068
    b Total for prior years:2012, 20, 20 26
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 6,000
    a Applied to 2013, but not more than line 2a 3,068
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment26
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 2,906
    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 ..........     		264
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    FIRST INTERSTATE TRUST DEPARTMENT
    PO BOX 7130
    KALISPELL,MT599040130
    (406) 756-5215
    bThe form in which applications should be submitted and information and materials they should include:
    STANDARD APPLICATION, INCLUDES NAME, ADDRESS, A STATEMENT DESCRIBING APPLICANT AND HISTORY INCLUDING EXTRACURRICULAR ACTIVITIES, REASONS FOR PERSUING HIGHER EDUCATION AND FINANCIAL INFORMATION SHOWING NEED.
    cAny submission deadlines:
    BEFORE GRADUATION
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE GIVEN TO MEDICAL STUDENTS
    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
    TYLER LINCOLN
    131 SHERRY LN
    KALISPELL,MT59901     		NONE N/A SCHOLARSHIP 3,000
    AMANDA PETTINATO-DUDIS
    220 FAIRVIEW DR
    KALISPELL,MT59901     		NONE N/A SCHOLARSHIP 3,000
    Total .................................bullet 3a 6,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 1  
    4 Dividends and interest from securities....     14 1,567  
    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 4,496  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 6,064 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    136,064
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    GRIFFIS SCHOLARSHIP FOUNDATION
    EIN: 81-6009630
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 700 700   0

    TY 2014 AppliedToPriorYearElection
    Name:
    GRIFFIS SCHOLARSHIP FOUNDATION
    EIN: 81-6009630
    Election:
    THE FOUNDATION IS MAKING AN ELECTION TO APPLY ANY CURRENT YEAR EXCESS QUALIFYING DISTRIBUTIONS TO ANY REMAINING UNDISTRIBUTED INCOME FROM YEARS PRIOR TO 2014.

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    GRIFFIS SCHOLARSHIP FOUNDATION
    EIN: 81-6009630
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DODGE & COX INCOME FUND 1,259 1,246
    OPPENHEIMER INTERNATIONAL BOND FUND 2,643 2,437
    TEMPLETON GLOBAL BOND FUND 3,132 2,919
    VANGUARD GNMA FUND ADMIRAL SERIES 1,260 1,271
    VANGUARD HIGH YIELD CORPORATE PORTFOLIO 2,389 2,435
    VANGUARD INTERMEDIATE TERM INVEST GRADE 2,528 2,503
    VANGUARD S/T INVESTMENT GRADE 5,048 5,010

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    GRIFFIS SCHOLARSHIP FOUNDATION
    EIN: 81-6009630
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN EUROPACIFIC GROWTH FUND 1,897 2,366
    DFA EMERGING MARKETS SMALL CAP 547 572
    FIDELITY CONTRAFUND 3,692 3,614
    HARBOR INTERNATIONAL FUND 2,813 2,836
    LKCM SMALL CAP EQ INSTITUTIONAL 578 558
    MORGAN STANLEY INST MID CAP GROWTH 640 521
    OPPENHEIMER DEVELOPING MARKETS FUND 3,108 3,208
    TCW SELECT EQUITY FUND 3,165 3,147
    T ROWE PRICE MID CAP VALUE FUND 371 550
    T ROWE PRICE EQUITY INCOME FUND 4,411 4,188
    VANGUARD 500 INDEX FUND 5,209 7,134
    VANGUARD EMERGING MARKETS 1,744 1,660
    GS INTERNATIONAL SMALL CAP INSIGHTS 1,797 1,700

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    GRIFFIS SCHOLARSHIP FOUNDATION
    EIN: 81-6009630
    US Government Securities - End of Year Book Value:

    1,884
    US Government Securities - End of Year Fair Market Value:

    1,827
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    GRIFFIS SCHOLARSHIP FOUNDATION
    EIN: 81-6009630
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EATON VANCE FL RATE AT COST 2,536 2,459
    PRINCIPAL GLOBAL REAL ESTATE FUND AT COST 1,743 1,890

    TY 2014 TaxesSchedule
    Name:
    GRIFFIS SCHOLARSHIP FOUNDATION
    EIN: 81-6009630
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2013 990 PF 25 0   0