TY 2014 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
HELEN DAVIS SCHOLAR 2 CARROLL 38871500
WELLS FARGO BANK CO TRUST TAX DEPT

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 21927 MAC P6540-400 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98111

A Employer identification number

81-6057117

B Telephone number (see instructions)

(800) 352-3705

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,761,702J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	6		6
4	Dividends and interest from securities......	51,263		51,263
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		55,751
b	Gross sales price for all assets on line 6a 229,207
7	Capital gain net income (from Part IV, line 2)...			55,751
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).......		-1,385	-1,385
12	Total. Add lines 1 through 11........	105,635		105,635
13	Compensation of officers, directors, trustees, etc.	27,948		20,931	7,017
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		890	705	185
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		5,209
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		140	140
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	34,187		21,776	7,202
25	Contributions, gifts, grants paid........	0			0
26	Total expenses and disbursements. Add lines 24 and 25	34,187		21,776	7,202
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	71,448
b	Net investment income (if negative, enter -0-)			83,859
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	53	53	53
	2	Savings and temporary cash investments..........	20,156	86,029	86,029
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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)........	617,822	642,541	849,576
	c	Investments—corporate bonds (attach schedule)........	422,459	413,959	384,679
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	417,760	407,117	441,361
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	485	484	4
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,478,735	1,550,183	1,761,702
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	1,472,872	1,550,183
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	5,863
	30	Total net assets or fund balances (see instructions)......	1,478,735	1,550,183
	31	Total liabilities and net assets/fund balances (see instructions)..	1,478,735	1,550,183

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	1,478,735
2	Enter amount from Part I, line 27a.....................	2	71,448
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	1,550,183
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,550,183

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	5 AFFILIATED MANAGERS GROUP	P	2011-10-10	2015-02-24
b	10 ANHEUSER BUSCH COS	P	2014-06-26	2014-12-05
c	5 ANHEUSER BUSCH COS	P	2014-06-26	2015-01-29
d	5 ANHEUSER BUSCH COS	P	2014-06-26	2015-02-24
e	70 APACHE CORP	P	2010-02-18	2014-12-29
	10 APACHE CORP	P	2015-01-26	2015-06-19
	6 APPLE INC	P	2014-09-17	2015-02-24
	24 APPLE INC	P	2008-08-19	2015-02-24
	10 BAXTER INTL INC	P	2014-09-17	2015-05-01
	10 BERKSHIRE HATHAWAY	P	2010-02-18	2014-12-05
	5 BERKSHIRE HATHAWAY	P	2010-02-18	2015-05-01
	50 BHP BILLITON LIMITED	P	2010-12-17	2014-12-05
	15 BOEING CO	P	2014-08-19	2015-02-24
	5 BOEING CO	P	2015-04-28	2015-06-19
	30 CELANESE CORP	P	2014-12-02	2015-02-24
	5 CELANESE CORP	P	2014-12-02	2015-05-01
	50 CHEVRON CORP	P	1985-04-22	2014-12-05
	35 CISCO SYSTEMS INC	P	2006-10-31	2015-02-24
	35 CITIGROUP	P	2014-03-25	2015-03-12
	5 CME GROUP	P	2012-09-05	2015-02-24
	384.615 COHEN & STEERS INSTL RLTY	P	2009-06-19	2015-02-20
	10 COMCAST CORP	P	2010-02-18	2014-12-05
	15 COMCAST CORP	P	2010-02-18	2015-02-24
	5 COMCAST CORP	P	2010-02-18	2015-05-01
	5 CUMMINS INC.	P	2014-08-19	2015-05-01
	10 CVS HEALTH CORP	P	2014-12-02	2015-01-29
	5 CVS HEALTH CORP	P	2014-12-02	2015-02-24
	5 CVS HEALTH CORP	P	2008-08-19	2015-02-24
	5 DIAGEO PLC-ADR	P	2010-02-18	2015-01-29
	15 EMC CORP MASS	P	2014-08-19	2015-05-01
	10 EATON CORP PLC	P	2014-12-02	2015-02-24
	35 GILEAD SCIENCES INC	P	2012-02-17	2014-09-22
	5 GILEAD SCIENCES INC	P	2012-02-17	2015-01-29
	35000 GOLDMAN SACHS GROUP BOND	P	2005-04-08	2014-11-17
	7 GOOGLE	P	2012-02-17	2014-12-05
	5 GOOGLE CL C	P	2014-12-02	2015-02-24
	.041 GOOGLE CL C	P	2014-12-02	2015-05-06
	15 HONEYWELL INTERNATIONAL	P	1994-02-24	2015-02-24
	5 HSBC ADR	P	2014-02-14	2014-12-05
	20 HSBC ADR	P	2014-02-14	2015-01-29
	20 HSBC ADR	P	2013-03-05	2015-05-01
	5 INTERNATIONAL BUSINESS MACH	P	2002-10-29	2014-12-05
	5 JOHNSON & JOHNSON	P	1998-11-03	2014-09-22
	15 JOHNSON CTLS INC	P	2011-06-28	2015-02-24
	20 JP MORGAN CHASE	P	2015-01-26	2015-03-12
	5 JP MORGAN CHASE	P	2015-01-26	2015-05-01
	5 JP MORGAN CHASE	P	1996-10-29	2015-05-01
	20 LAS VEGAS SANDS CORP	P	2014-09-17	2015-02-24
	5 MCKESSON CORP	P	2012-11-09	2015-01-29
	5 MCKESSON CORP	P	2012-11-09	2015-02-24
	30 MICROSOFT	P	2014-08-19	2015-05-01
	500 MLN ELEMENTS ROGERS AGRI TOT RET	P	2011-03-09	2015-02-24
	15 MONSTER BEVERAGE CORP	P	2013-10-22	2014-09-22
	60 MONSTER BEVERAGE CORP	P	2013-10-22	2015-01-15
	25 NATIONAL OIL WELL INC	P	2014-12-02	2015-05-01
	10 NESTLE S.A. REGISTERED SHARES	P	2011-03-09	2015-02-24
	15 ORACLE	P	2011-03-09	2015-05-01
	55 PEPSICO	P	1998-01-20	2014-09-22
	10 PEPSICO	P	1998-01-20	2015-02-24
	45 PUBLIC SVC ENTERPRISE GROUP	P	2003-04-30	2015-01-29
	20 SCHLUMBERGER INTL	P	2014-12-23	2015-01-29
	15 SCHLUMBERGER INTL	P	2014-12-23	2015-02-24
	10 TARGET CORP	P	2014-12-02	2015-01-29
	40 TARGET CORP	P	2002-04-30	2015-01-29
	10 TARGET CORP	P	2002-04-30	2015-02-24
	2435.065 TEMPLETON GLOBAL BOND FUND	P	2009-11-11	2015-02-20
	5 THERMO FISHER SCIENTIFIC	P	2009-08-13	2015-02-24
	10 TJX COS INC	P	2014-12-02	2015-02-24
	5 TOTAL S.A. ADR	P	2015-01-26	2015-05-01
	10 UNION PACIFIC CORP	P	2010-08-24	2014-12-05
	10 UNION PACIFIC CORP	P	2010-08-24	2015-02-24
	5 UNITED PARCEL SERVICE	P	2014-12-02	2015-05-01
	5 UNITED HEALTH GROUP	P	2010-02-18	2015-01-29
	10 UNITED HEALTH GROUP	P	2010-02-18	2015-02-24
	20 UNITED HEALTH GROUP	P	2010-02-18	2015-03-12
	15 US BANCORP	P	1996-10-29	2015-05-01
	165 US BANCORP	P	1996-10-29	2015-06-19
	20 WALT DISNEY CO	P	1999-12-15	2014-12-05
	15 WALT DISNEY CO	P	1999-12-15	2015-02-24
	15 BAXTER INTL INC	P	2014-09-17	2015-07-17
	75 BAXTER INTL INC	P	2013-08-22	2015-07-17
	25 NATIONAL OIL WELL INC	P	2014-12-02	2015-07-17
	95 NATIONAL OIL WELL INC	P	2013-07-03	2015-07-17
	90 APACHE CORP	P	2015-01-26	2015-08-05
	75 BAXALTA INC	P	2013-08-22	2015-08-05
	15 BAXALTA INC	P	2014-09-17	2015-08-05
	10 CELANESE CORP	P	2014-12-02	2015-08-05
	25 INTERNATIONAL BUSINESS MACH	P	2002-10-29	2015-08-26
	15 PUBLIC SVC ENTERPRISE GROUP	P	2003-04-30	2015-08-26
	5 TJX COS INC	P	2014-12-02	2015-08-05
	5 TJX COS INC	P	2014-12-02	2015-08-26
	5 UNION PACIFIC CORP	P	2010-08-24	2015-08-05
	5 UNITED HEALTH GROUP	P	2010-02-18	2015-08-05
	CLASS ACTION AIG	P	2000-01-01	2014-12-03
	AQR MANAGED FUTURES ANNUAL ADJ.	P	2000-01-01	2014-12-23
	ASG GLOBAL ALT ANNUAL ADJUSTMENT	P	2000-01-01	2014-12-31
	ASG GLOBAL ALT ANNUAL ADJUSTMENT	P	2000-01-01	2015-04-10
	COHEN & STEERS INSTL RLTY ANNUAL ADJ	P	2000-01-01	2014-12-15
	DODGE & COX INCOME FD ANNUAL ADJ	P	2000-01-01	2014-12-23
	DODGE & COX INCOME FD ANNUAL ADJ	P	2000-01-01	2015-03-30
	PALMER SQUARE SSI ALT ANNUAL ADJ	P	2000-01-01	2014-12-31
	PIMCO TOTAL RETURN FUND ANNUAL ADJ.	P	2000-01-01	2014-12-15
	RIDGEWORTH SEIX HY BD-I #855 ANNUAL ADJ.	P	2000-01-01	2014-12-19
	ROBIE CO BP LNG/SHT ANNUAL ADJUSTMENT	P	2000-01-01	2014-12-19
	VANGUARD TOTAL BOND MKT ANNUAL ADJ	P	2000-01-01	2015-04-08
	CLASS ACTION BANK OF AMERICA	P	2000-01-01	2015-07-02
	COHEN & STEERS INSTL RLTY ANNUAL ADJ.	P	2000-01-01	2015-07-02
	CITIGROUP CLASS ACTION	P	2000-11-20	2015-08-20

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,089	414	675
b	1,151	1,142	9
c	603	571	32
d	614	571	43
e	4,584	7,209	-2,625
	588	642	-54
	773	609	164
	3,091	888	2,203
	702	730	-28
	1,498	761	737
	711	380	331
	2,554	4,523	-1,969
	2,306	1,887	419
	711	738	-27
	1,740	1,827	-87
	329	304	25
	5,708	388	5,320
	1,026	846	180
	1,856	1,762	94
	470	276	194
	20,000	8,021	11,979
	570	157	413
	867	236	631
	295	79	216
	685	721	-36
	1,008	901	107
	514	450	64
	514	190	324
	592	332	260
	405	450	-45
	723	686	37
	3,650	804	2,846
	535	115	420
	35,000	35,425	-425
	3,756	2,521	1,235
	2,709	2,824	-115
	23	22	1
	1,569	265	1,304
	248	248
	944	1,070	-126
	989	1,081	-92
	812	384	428
	533	207	326
	749	604	145
	1,230	1,133	97
	314	283	31
	313	115	198
	1,211	1,259	-48
	1,093	467	626
	1,126	467	659
	1,471	1,353	118
	3,531	5,693	-2,162
	1,363	866	497
	6,846	3,463	3,383
	1,302	1,665	-363
	758	557	201
	668	493	175
	5,114	2,040	3,074
	990	371	619
	1,967	865	1,102
	1,667	1,748	-81
	1,306	1,288	18
	751	730	21
	3,005	1,749	1,256
	769	437	332
	30,000	30,974	-974
	638	233	405
	679	653	26
	272	265	7
	1,188	359	829
	1,222	360	862
	502	553	-51
	557	164	393
	1,102	328	774
	2,293	655	1,638
	643	252	391
	7,346	2,769	4,577
	1,874	568	1,306
	1,557	426	1,131
	566	604	-38
	2,829	2,941	-112
	1,135	1,527	-392
	4,315	6,048	-1,733
	4,126	5,782	-1,656
	2,435	2,387	48
	487	490	-3
	659	609	50
	3,738	1,921	1,817
	633	288	345
	349	326	23
	358	326	32
	487	180	307
	608	165	443
	141		141
	638		638
	723		723
	670		670
	1,081		1,081
	82		82
	3		3
	107		107
	149		149
	3,379		3,379
	930		930
	1		1
	440		440
	1,665		1,665
	11		11

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			675
b			9
c			32
d			43
e			-2,625
			-54
			164
			2,203
			-28
			737
			331
			-1,969
			419
			-27
			-87
			25
			5,320
			180
			94
			194
			11,979
			413
			631
			216
			-36
			107
			64
			324
			260
			-45
			37
			2,846
			420
			-425
			1,235
			-115
			1
			1,304

			-126
			-92
			428
			326
			145
			97
			31
			198
			-48
			626
			659
			118
			-2,162
			497
			3,383
			-363
			201
			175
			3,074
			619
			1,102
			-81
			18
			21
			1,256
			332
			-974
			405
			26
			7
			829
			862
			-51
			393
			774
			1,638
			391
			4,577
			1,306
			1,131
			-38
			-112
			-392
			-1,733
			-1,656
			48
			-3
			50
			1,817
			345
			23
			32
			307
			443
			141
			638
			723
			670
			1,081
			82
			3
			107
			149
			3,379
			930
			1
			440
			1,665
			11

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	55,751
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 . . . . . . . . . . . . . . . .		3	-1,235

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? Yes No

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	59,016	1,800,869	0.03277
2012	78,548	1,671,967	0.04698
2011	101,246	1,595,886	0.06344
2010	104,292	1,702,044	0.06128
2009	103,942	1,616,478	0.06430

2	Total of line 1, column (d) ......................	2	0.26877
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	0.05375
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	1,814,083
5	Multiply line 4 by line 3.......................	5	97,514
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	839
7	Add lines 5 and 6.........................	7	98,353
8	Enter qualifying distributions from Part XII, line 4..............	8	7,202
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,677
	hereand 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
3	Add lines 1 and 2...........................	3	1,677
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,677
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	3,040
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	3,040
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,363
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax1,363	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

MARTIN LEWIS Telephone no. bullet

(406) 447-2050

Located at bullet

PO BOX 597HELENAMT ZIP+4 bullet

59624

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
WELLSFARGO PRIVATE CLIENT SER	COMM. TRUSTEE 0.00	27,948
PO BOX 597 HELENA,MT59624	COMM. TRUSTEE 0.00	27,948

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...................

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............. bullet

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)

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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,774,986

Average of monthly cash balances.......................

66,719

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,841,709

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,841,709

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

27,626

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,814,083

Minimum investment return. Enter 5% of line 5..................

90,704

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

90,704

Tax on investment income for 2014 from Part VI, line 5......

1,677

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,677

Distributable amount before adjustments. Subtract line 2c from line 1............

89,027

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

89,027

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

89,027

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

7,202

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

7,202

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).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

7,202

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7			89,027
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2014:
a From 2009.......	25,200
b From 2010.......	21,484
c From 2011.......	22,015
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........		68,699
4Qualifying distributions for 2014 from Part
XII, line 4: $ 7,202
a Applied to 2013, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2014 distributable amount.....			7,202
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2014.		68,699	68,699
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........			13,126
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) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	6
4 Dividends and interest from securities....			14	51,263
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	55,751
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aCOST BASIS ADJ			14	-1,385
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				105,635

13Total. Add line 12, columns (b), (d), and (e)..................

13105,635

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:	14000265
Software Version:	2014v6.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

HELEN DAVIS SCHOLAR 2 CARROLL 38871500

WELLS FARGO BANK CO TRUST TAX DEPT

EIN: 81-6057117

Software ID:14000265

Software Version:2014v6.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OUTSIDE ACCTG SERVICES	150	150	0	0
PREPARATION OF 2013 990PF	740	555	0	185

- TIN:

TY 2014 OtherAssetsSchedule

Name:

HELEN DAVIS SCHOLAR 2 CARROLL 38871500

WELLS FARGO BANK CO TRUST TAX DEPT

EIN: 81-6057117

Software ID:14000265

Software Version:2014v6.0

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
REAL ESTATE MINING CLAIMS			4
REAL ESTATE, MINING CLAIMS	484	484

- TIN:

TY 2014 OtherExpensesSchedule

Name:

HELEN DAVIS SCHOLAR 2 CARROLL 38871500

WELLS FARGO BANK CO TRUST TAX DEPT

EIN: 81-6057117

Software ID:14000265

Software Version:2014v6.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADMIN OF REA; ESTATE	140	140

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

HELEN DAVIS SCHOLAR 2 CARROLL 38871500

WELLS FARGO BANK CO TRUST TAX DEPT

EIN: 81-6057117

Software ID:14000265

Software Version:2014v6.0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
COST BASIS ADJ	-1,385	-1,385

- TIN:

TY 2014 TaxesSchedule

Name:

HELEN DAVIS SCHOLAR 2 CARROLL 38871500

WELLS FARGO BANK CO TRUST TAX DEPT

EIN: 81-6057117

Software ID:14000265

Software Version:2014v6.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
2013 EXCISE TAX	1,967
ESTIMATED EXCISE TAX 2014	3,040
FOREIGN TAX, FEES	202