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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 03-01-2015 , and ending 02-29-2016
Name of foundation
EMINGER STEWART FOUNDATION UMA 050013119300
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

35-6797693
B Telephone number (see instructions)

(503) 464-3580
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,962,878J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 97,881 97,765  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 369,021
b Gross sales price for all assets on line 6a 1,418,818
7 Capital gain net income (from Part IV, line 2)... 369,021
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 25,769    
12 Total. Add lines 1 through 11........ 492,671 466,786  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 56,284 50,656   5,628
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 3,000 0 0 3,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,406 3,554   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1,208 718   490
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 68,898 54,928 0 9,118
25 Contributions, gifts, grants paid....... 200,767 200,767
26 Total expenses and disbursements. Add lines 24 and 25 269,665 54,928 0 209,885
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 223,006
b Net investment income (if negative, enter -0-) 411,858
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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.............   0  
2 Savings and temporary cash investments......... 154,718 214,298 214,298
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,247 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,501,220 Click to see attachment3,135,393 3,093,425
c Investments—corporate bonds (attach schedule)....... 241,596 Click to see attachment265,940 192,006
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment506,192 463,149
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,898,781 4,121,823 3,962,878
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 3,898,781 4,121,823
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 3,898,781 4,121,823
31 Total liabilities and net assets/fund balances (see instructions). 3,898,781 4,121,823
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,898,781
2
Enter amount from Part I, line 27a .....................
2
223,006
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
36
4
Add lines 1, 2, and 3 ..........................
4
4,121,823
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
4,121,823
Form 990-PF (2015)
Form 990-PF (2015)
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 1. CAREFUSION CORP COM   2007-03-24 2015-03-17
b .0777 BECTON DICKINSON & CO   2015-03-17 2015-04-20
c .0604 GOOGLE INC CL C   2012-09-25 2015-05-06
d 1. ALTERA CORP   2012-10-08 2015-06-03
e 77. AMERICAN EXPRESS CO   2013-09-24 2015-06-03
69. AMERICAN TOWER CORP     2015-06-03
20. AMERICAN TOWER CORP     2015-06-03
12. AMERICAN TOWER CORP   2014-10-03 2015-06-03
22. AMERICAN TOWER CORP   2014-10-20 2015-06-03
24. APPLIED MATERIALS INC   2014-10-20 2015-06-03
37. BAIDU COM INC A D R   2014-10-03 2015-06-03
1. BEST BUY INC   2013-04-09 2015-06-03
1. BORG WARNER INC   2012-11-15 2015-06-03
639. CARNIVAL PLC A D R     2015-06-03
8. CERNER CORP COM   2012-10-08 2015-06-03
131. CHINA MOBILE HONG KONG LTD SPONSORED ADR   2013-09-24 2015-06-03
88. COMCAST CORP CL A   2014-10-03 2015-06-03
218. COMPANHIA PARANAENSE ENER SP A D R   2013-09-24 2015-06-03
47. CONCHO RES INC   2014-10-03 2015-06-03
5. COSTAR GRP INC COM   2014-10-03 2015-06-03
18. DANAHER CORP   2012-10-19 2015-06-03
5. ECOLAB INC   2012-11-09 2015-06-03
954. FLY LEASING LTD A D R   2012-10-08 2015-06-03
264. GRUPO FIN SANTANDER A D R B     2015-06-03
76. HIMAX TECHNOLOGIES INC A D R   2012-10-08 2015-06-03
36. ILLINOIS TOOL WKS INC   2012-10-19 2015-06-03
194. INTERCONTINENTAL HOTELS A D R   2014-10-03 2015-06-03
608. LG DISPLAY CO LTD A D R   2014-10-03 2015-06-03
490. LG DISPLAY CO LTD A D R     2015-06-03
1. MC GRAW-HILL COS INC   2013-01-08 2015-06-03
194. MITSUBISHI UFJ FINL GRP A D R   2012-10-08 2015-06-03
163. NATIONAL GRID PLC SP A D R   2012-10-08 2015-06-03
2. NETFLIX.COM INC COM   2014-10-03 2015-06-03
324. NIPPON TELEG & TEL CORP SPON ADR   2012-10-08 2015-06-03
147. NOVARTIS AG SPONSORED ADR     2015-06-03
2. NOVARTIS AG SPONSORED ADR   2012-11-23 2015-06-03
238. NOVARTIS AG SPONSORED ADR   2014-10-03 2015-06-03
349.026 NUVEEN MID CAP VALUE FUND CL I     2015-06-03
29.084 NUVEEN MID CAP GRWTH OPP FD CL I   2012-08-09 2015-06-03
31. PRECISION CASTPARTS CORP     2015-06-03
12. ROYAL DUTCH SHELL PLC A D R   2012-10-19 2015-06-03
28. ROYAL DUTCH SHELL PLC A D R   2013-01-25 2015-06-03
77. ROYAL DUTCH SHELL PLC A D R   2012-09-02 2015-06-03
94. SBA COMMUNICATIONS CORP COM     2015-06-03
170. SALESFORCE COM INC   2012-10-08 2015-06-03
162. SCHWAB CHARLES CORP   2014-10-03 2015-06-03
10. SHIRE PHARMACEUTICALS GR SPONSORED ADR     2015-06-03
92. SMITH NEPHEW P L C A D R   2013-02-20 2015-06-03
331. SMITH NEPHEW P L C A D R   2013-09-24 2015-06-03
132. SMITH NEPHEW P L C A D R   2013-01-25 2015-06-03
22. STATOIL ASA A D R   2013-02-27 2015-06-03
1119. SUMITOMO MITSUI FINL GROUP A D R     2015-06-03
630. SUMITOMO MITSUI FINL GROUP A D R   2013-02-05 2015-06-03
777.48 TFS MARKET NEUTRAL FUND   2012-10-08 2015-06-03
187. TATA MOTORS LTD A D R   2014-10-03 2015-06-03
106. TEVA PHARMACEUTICALS INDS LTD ADR   2013-01-25 2015-06-03
40. TRIPADVISOR INC COM   2014-10-03 2015-06-03
10. TWENTY FIRST CENTURY FOX INC   2013-04-09 2015-06-03
355. TWENTY FIRST CENTURY FOX INC   2014-10-03 2015-06-03
30. ULTRA SALON COSMETICS FRAGRANCE   2012-10-08 2015-06-03
28. UNDER ARMOUR INC CL A COM   2014-10-03 2015-06-03
230. UNION PACIFIC CORPORATION COMMON STOCK     2015-06-03
122. UNITED TECHNOLOGIES CORP     2015-06-03
1232.255 VANGUARD STRATEGIC EQUITY FUND 114   2012-10-08 2015-06-03
781.268 VANGUARD STRATEGIC EQUITY FUND 114   2012-10-19 2015-06-03
719.349 VANGUARD TOTAL STK MKT IDX ADML   2012-11-09 2015-06-03
53.12 VANGUARD TOTAL STK MKT IDX ADML   2013-02-05 2015-06-03
1774.36 VANGUARD TOTAL STK MKT IDX ADML     2015-06-03
1. VERISIGN INC   2012-10-19 2015-06-03
78. VISA INC   2012-10-08 2015-06-03
1688. XINYUAN REAL ESTATE CO LTD A D R   2012-10-08 2015-06-03
42. LIBERTY GLOBAL PLC SERIES C   2014-10-03 2015-06-03
87. LIBERTY GLOBAL PLC SERIES C   2013-09-24 2015-06-03
109. NIELSEN NV   2014-10-03 2015-06-03
.6 SOUTH32 W I A D R   2015-05-29 2015-06-11
.984 RELX NV SPON A D R   2015-06-03 2015-07-15
.5 LIBERTY LILAC GROUP C   2014-10-03 2015-07-22
1501.878 ABERDEEN FDS EMRGN   2014-10-03 2015-07-30
4156.272 ABERDEEN FDS EMRGN     2015-07-30
1125.638 ABERDEEN FDS EMRGN   2013-09-24 2015-07-30
1. ALEXION PHARMACEUTICALS INC COM   2015-06-03 2015-07-30
27. ALEXION PHARMACEUTICALS INC COM   2013-04-09 2015-07-30
1. BLACKROCK INC   2014-10-03 2015-07-30
8. BLACKROCK INC     2015-07-30
25. CERNER CORP COM   2012-10-08 2015-07-30
114. COMPANHIA PARANAENSE ENER SP A D R   2013-09-24 2015-07-30
23. COSTAR GRP INC COM   2014-10-03 2015-07-30
97. DELHAIZE GROUP SPONS A D R   2013-01-25 2015-07-30
384. DELHAIZE GROUP SPONS A D R   2013-02-05 2015-07-30
2. FACEBOOK INC A   2012-11-15 2015-07-30
78. FACEBOOK INC A   2012-11-23 2015-07-30
5. GOOGLE INC CL A   2012-10-08 2015-07-30
3. GOOGLE INC CL A     2015-07-30
106. HIMAX TECHNOLOGIES INC A D R   2012-10-08 2015-07-30
225. INDUSTRIAS BACHOCO SAB DE CV A D R   2013-04-09 2015-07-30
52. INTERCONTINENTAL HOTELS A D R   2014-10-03 2015-07-30
110. MASTERCARD INC     2015-07-30
402. MITSUBISHI UFJ FINL GRP A D R   2012-10-08 2015-07-30
51. NETEASE INC A D R   2015-06-03 2015-07-30
1034.845 NUVEEN REAL ESTATE SECS I   2010-11-16 2015-07-30
9. ROYAL DUTCH SHELL PLC A D R   2013-01-25 2015-07-30
38. SAP AG SPONSORED ADR   2012-12-05 2015-07-30
55. SCHLUMBERGER LTD ISIN #AN8068571086     2015-07-30
9.38 VANGUARD TOTAL STK MKT IDX ADML   2013-02-05 2015-07-30
694. XINYUAN REAL ESTATE CO LTD A D R   2012-10-08 2015-07-30
15. AMGEN INC COMMON STOCK   2013-02-05 2015-12-16
75. APPLE COMPUTER INC   2012-10-08 2015-12-16
27. APPLIED MATERIALS INC   2014-10-20 2015-12-16
19. BAIDU COM INC A D R     2015-12-16
18. BIOGEN, INC   2012-10-08 2015-12-16
76. BRITISH AMER SPON ADR   2012-10-08 2015-12-16
400. BRITISH AMER SPON ADR   2013-09-24 2015-12-16
5. BRITISH AMER SPON ADR   2014-10-20 2015-12-16
14. CELGENE CORPORATION COM   2012-10-08 2015-12-16
19. CERNER CORP COM   2012-10-08 2015-12-16
5. CERNER CORP COM   2012-10-19 2015-12-16
10. CHIPOTLE MEXICAN GRILL CL A   2014-10-03 2015-12-16
83. COGNIZANT TECHNOLOGY SOLUTIONS CORP   2013-09-24 2015-12-16
31. DANAHER CORP   2012-10-19 2015-12-16
24. DISNEY WALT CO     2015-12-16
36. DISNEY WALT CO   2015-06-03 2015-12-16
461. DELHAIZE GROUP SPONS A D R     2015-12-16
674. DELHAIZE GROUP SPONS A D R   2013-09-24 2015-12-16
57. DELHAIZE GROUP SPONS A D R   2015-06-03 2015-12-16
1041.183 FIDELITY CAP TR APPREC FD 307   2013-01-08 2015-12-16
188. FRESENIUS MED AKTIENGESELLSCHAFT ADR     2015-12-16
6. GILEAD SCIENCES INC COM   2012-10-19 2015-12-16
7. HOME DEPOT INC COMMON STOCK   2015-06-03 2015-12-16
332. HONDA MOTOR LTD ADR COMMON 50YEN   2015-06-03 2015-12-16
43. HONEYWELL INTERNATIONAL INC COMMON STOCK   2014-10-03 2015-12-16
167. INDUSTRIAS BACHOCO SAB DE CV A D R     2015-12-16
6. INDUSTRIAS BACHOCO SAB DE CV A D R   2013-09-24 2015-12-16
4. MCKESSON HBOC INC COM   2015-06-03 2015-12-16
192. MELCO CROWN ENTERTAINMENT LMTD A D R   2015-06-03 2015-12-16
25. MONSANTO CO   2012-10-08 2015-12-16
10. MONSANTO CO   2012-11-09 2015-12-16
62. MONSANTO CO     2015-12-16
189. MORGAN STANLEY DEAN WITTER & CO   2013-09-24 2015-12-16
394. NTT DOCOMO INC A D R   2012-10-08 2015-12-16
1388. NTT DOCOMO INC A D R   2013-09-24 2015-12-16
213. NTT DOCOMO INC A D R   2014-10-03 2015-12-16
11. NETFLIX.COM INC COM   2014-10-03 2015-12-16
4. NETEASE INC A D R   2015-06-03 2015-12-16
75. NIPPON TELEG & TEL CORP SPON ADR   2012-11-09 2015-12-16
202. NIPPON TELEG & TEL CORP SPON ADR     2015-12-16
7. NIPPON TELEG & TEL CORP SPON ADR   2013-04-09 2015-12-16
1409.145 NUVEEN SANTA BARBARA DIV GROWTH FD I     2015-12-16
72.772 NUVEEN HIGH INCOME BOND FD CL I   2013-09-07 2015-12-16
946.21 NUVEEN HIGH INCOME BOND FD CL I   2013-09-24 2015-12-16
383.064 NUVEEN DIVIDEND VALUE FUND CLASS I   2013-02-05 2015-12-16
116.665 NUVEEN DIVIDEND VALUE FUND CLASS I   2012-11-15 2015-12-16
374.069 NUVEEN DIVIDEND VALUE FUND CLASS I   2012-11-23 2015-12-16
36. PPG INDS INC COM   2015-06-03 2015-12-16
5. THE PRICELINE GROUP INC   2012-10-08 2015-12-16
1070.085 T ROWE PRICE BLUE CHIP GROWTH FUND INC   2012-08-22 2015-12-16
103.091 T ROWE PRICE BLUE CHIP GROWTH FUND INC   2013-02-05 2015-12-16
147. ROYAL DUTCH SHELL PLC A D R   2013-01-25 2015-12-16
1. SANOFI-SYNTHELABO SPONSORED ADR   2012-10-08 2015-12-16
259. SANOFI-SYNTHELABO SPONSORED ADR   2015-06-03 2015-12-16
414. TEVA PHARMACEUTICALS INDS LTD ADR     2015-12-16
9. TEVA PHARMACEUTICALS INDS LTD ADR   2013-03-12 2015-12-16
80. TOYOTA MTR CORP COM (ADR 2)     2015-12-16
93. TOYOTA MTR CORP COM (ADR 2)   2015-06-03 2015-12-16
15. TWENTY FIRST CENTURY FOX INC     2015-12-16
5. UNION PACIFIC CORPORATION COMMON STOCK   2012-10-08 2015-12-16
34. VALEANT PHARMACEUTICALS   2015-06-03 2015-12-16
19. VERTEX PHARMACEUTICALS INC COM   2015-06-03 2015-12-16
353. WNS HOLDINGS LTD ADR     2015-12-16
202. WESTPAC BANKING COPR SPON ADR     2015-12-16
10. LIBERTY GLOBAL PLC SERIES C   2014-10-03 2015-12-16
15. MEDTRONIC PLC   2015-06-03 2015-12-16
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 60   41 19
b 11   11  
c 32   23 9
d 52   34 18
e 6,217   5,905 312
6,394   5,098 1,296
1,853   1,486 367
1,112   1,124 -12
2,039   2,062 -23
489   483 6
7,584   8,000 -416
35   26 9
62   31 31
31,614   23,207 8,407
542   311 231
8,724   7,434 1,290
5,202   4,673 529
2,327   3,006 -679
5,668   5,612 56
1,036   754 282
1,569   955 614
581   350 231
15,161   13,154 2,007
2,464   3,794 -1,330
519   157 362
3,413   2,172 1,241
8,146   7,157 989
8,229   9,254 -1,025
6,632   6,191 441
104   55 49
1,426   908 518
11,058   9,146 1,912
1,244   906 338
11,399   7,986 3,413
15,255   9,348 5,907
208   121 87
24,699   21,928 2,771
12,994   8,093 4,901
1,452   1,347 105
6,797   5,244 1,553
713   832 -119
1,664   2,009 -345
4,576   5,835 -1,259
10,719   6,194 4,525
12,451   6,528 5,923
5,228   4,793 435
2,547   959 1,588
3,250   2,015 1,235
11,693   8,154 3,539
4,663   3,033 1,630
410   553 -143
10,110   8,226 1,884
5,692   5,223 469
12,051   11,958 93
6,858   8,494 -1,636
6,392   4,028 2,364
3,008   3,575 -567
337   278 59
11,946   11,905 41
4,699   2,961 1,738
2,193   1,887 306
23,474   14,123 9,351
14,482   9,552 4,930
42,242   26,099 16,143
26,782   16,438 10,344
38,471   24,802 13,669
2,841   2,015 826
94,893   61,958 32,935
63   49 14
5,381   2,706 2,675
4,921   4,839 82
2,215   1,731 484
4,587   3,361 1,226
4,946   4,799 147
5   5  
16   16  
24   20 4
19,720   22,018 -2,298
54,572   61,922 -7,350
14,780   16,907 -2,127
199   162 37
5,372   2,657 2,715
339   327 12
2,714   1,579 1,135
1,811   973 838
1,142   1,572 -430
4,812   3,469 1,343
2,131   1,138 993
8,436   4,653 3,783
190   44 146
7,408   1,920 5,488
3,326   1,893 1,433
1,996   1,109 887
768   218 550
12,728   7,369 5,359
2,149   1,918 231
10,787   5,570 5,217
2,879   1,881 998
7,200   7,353 -153
24,164   17,461 6,703
514   646 -132
2,721   3,016 -295
4,587   4,041 546
497   356 141
1,850   1,989 -139
2,449   1,291 1,158
8,266   6,836 1,430
498   543 -45
3,764   3,272 492
5,282   2,742 2,540
8,505   8,023 482
44,765   42,613 2,152
560   558 2
1,593   561 1,032
1,153   740 413
303   178 125
5,592   6,658 -1,066
5,145   3,430 1,715
2,884   1,645 1,239
2,706   1,311 1,395
4,059   4,007 52
11,279   5,433 5,846
16,491   10,986 5,505
1,395   1,356 39
33,943   31,454 2,489
7,796   6,431 1,365
614   206 408
919   790 129
10,757   11,490 -733
4,438   3,947 491
7,946   5,421 2,525
286   248 38
751   946 -195
3,097   3,844 -747
2,412   2,300 112
965   865 100
5,982   5,567 415
6,255   5,150 1,105
8,006   6,316 1,690
28,204   23,097 5,107
4,328   3,470 858
1,311   712 599
724   577 147
2,959   1,755 1,204
7,971   5,084 2,887
276   156 120
46,981   37,469 9,512
504   675 -171
6,548   8,629 -2,081
5,616   5,926 -310
1,710   1,655 55
5,484   5,510 -26
3,576   4,131 -555
6,611   3,126 3,485
78,501   48,250 30,251
7,563   4,943 2,620
6,562   10,549 -3,987
43   44 -1
11,189   13,288 -2,099
27,009   15,645 11,364
587   361 226
10,003   6,529 3,474
11,628   12,781 -1,153
413   416 -3
392   308 84
3,980   8,082 -4,102
2,211   2,394 -183
10,926   6,395 4,531
4,559   5,444 -885
392   392  
1,162   1,145 17
      97,301
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       19
b        
c       9
d       18
e       312
      1,296
      367
      -12
      -23
      6
      -416
      9
      31
      8,407
      231
      1,290
      529
      -679
      56
      282
      614
      231
      2,007
      -1,330
      362
      1,241
      989
      -1,025
      441
      49
      518
      1,912
      338
      3,413
      5,907
      87
      2,771
      4,901
      105
      1,553
      -119
      -345
      -1,259
      4,525
      5,923
      435
      1,588
      1,235
      3,539
      1,630
      -143
      1,884
      469
      93
      -1,636
      2,364
      -567
      59
      41
      1,738
      306
      9,351
      4,930
      16,143
      10,344
      13,669
      826
      32,935
      14
      2,675
      82
      484
      1,226
      147
       
       
      4
      -2,298
      -7,350
      -2,127
      37
      2,715
      12
      1,135
      838
      -430
      1,343
      993
      3,783
      146
      5,488
      1,433
      887
      550
      5,359
      231
      5,217
      998
      -153
      6,703
      -132
      -295
      546
      141
      -139
      1,158
      1,430
      -45
      492
      2,540
      482
      2,152
      2
      1,032
      413
      125
      -1,066
      1,715
      1,239
      1,395
      52
      5,846
      5,505
      39
      2,489
      1,365
      408
      129
      -733
      491
      2,525
      38
      -195
      -747
      112
      100
      415
      1,105
      1,690
      5,107
      858
      599
      147
      1,204
      2,887
      120
      9,512
      -171
      -2,081
      -310
      55
      -26
      -555
      3,485
      30,251
      2,620
      -3,987
      -1
      -2,099
      11,364
      226
      3,474
      -1,153
      -3
      84
      -4,102
      -183
      4,531
      -885
       
      17
       
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 2 369,021
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))
2014 244,247 4,362,205 0.055992
2013 165,639 4,111,887 0.040283
2012 211,020 3,775,289 0.055895
2011 133,100 3,761,638 0.035384
2010 52,825 2,828,906 0.018673
2
Total of line 1, column (d) .....................
20.206227
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
0.041245
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,212,819
5
Multiply line 4 by line 3......................
5
173,758
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,119
7
Add lines 5 and 6........................
7
177,877
8
Enter qualifying distributions from Part XII, line 4.............
8
209,885
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 4,119
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 4,119
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,119
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,316
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,316
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,803
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580

    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97208
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, 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  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK TRUSTEE
    1     		56,284    
    PO BOX 3168
    PORTLAND,OR97208
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,155,882
    b
    Average of monthly cash balances.......................
    1b
    121,092
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,276,974
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,276,974
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    64,155
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,212,819
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    210,641
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    210,641
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    4,119
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,119
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    206,522
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    25,769
    5
    Add lines 3 and 4............................
    5
    232,291
    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
    232,291
    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
    209,885
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    209,885
    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
    4,119
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    205,766
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 232,291
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 189,855
    b Total for prior years:2013, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 0
    b From 2011...... 0
    c From 2012...... 0
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 209,885
    a Applied to 2014, but not more than line 2a 189,855
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 20,030
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		212,261
    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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 0
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    US BANK ATTN LINDA THOMAS-BUSH
    800 WILLAMETTE ST
    EUGENE,OR97401
    (503) 465-4120
    bThe form in which applications should be submitted and information and materials they should include:
    REQUEST FROM US BANK
    cAny submission deadlines:
    CONTACT US BANK
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESIDENTS OF GRANT COUNTY, OREGON - SCHOLARSHIPS FOR COLLEGE, UNIVERSITY, OR OTHER INSTITUTIONS OF HIGHER LEARNING.
    Form 990-PF (2015)
    Form 990-PF (2015)
    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
    BLUE MTN COMM COLLEGE
    FINANCIAL AID OFFICE
    2411 NW CARDEN AVE
    PENDLETON,OR97801     		NONE PC SCHOLARSHIP 5,833
    OREGON STATE UNIVERSITY
    218 KERR ADMIN BUILDING
    CORVALLIS,OR97331     		NONE PC SCHOLARSHIP 55,000
    PACIFIC UNIVERSITY
    FINANCIAL AID OFFICE
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE PC SCHOLARSHIP 15,000
    PENSACOLA CHRISTIAN COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 18000
    PENSACOLA,FL32523     		NONE PC SCHOLARSHIP 5,000
    PORTLAND STATE UNIVERSITY
    FINANCIAL AID OFFICE
    PO BOX 751
    PORTLAND,OR97207     		NONE PC SCHOLARSHIP 10,000
    SOUTHERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    1250 SISKIYOU BLVD
    ASHLAND,OR97520     		NONE PC SCHOLARSHIP 10,000
    TREASURE VALLEY COMM COLLEGE
    FINANCIAL AID OFFICE
    650 COLLEGE BLVD
    ONTARIO,OR97914     		NONE PC SCHOLARSHIP 5,000
    UNIVERSITY OF OREGON
    FINANCIAL AID OFFICE
    1278 UNIVERSITY OF OREGON
    EUGENE,OR97403     		NONE PC SCHOLARSHIP 10,000
    WALLA WALLA COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    500 TAUSICK WAY
    WALLA WALLA,WA99362     		NONE PC SCHOLARSHIP 10,000
    WAYNE COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    PO BOX 8002
    GOLDSBORO,NC27533     		NONE PC SCHOLARSHIP 5,000
    WEBER STATE UNIVERSITY
    FINANCIAL AID OFFICE
    1136 UNIVERSITY CIRCLE
    OGDEN,UT84408     		NONE PC SCHOLARSHIP 5,000
    WILLAMETTE UNIVERSITY
    FINANCIAL AID OFFICE
    900 STATE STREET
    SALEM,OR97301     		NONE PC SCHOLARSHIP 5,000
    WESTERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE PC SCHOLARSHIP 10,000
    VALLEY CITY STATE UNIVERSITY
    101 COLLEGE STREET SW
    VALLEY CITY,ND58072     		NONE PC SCHOLARSHIP 5,000
    WEST TEXAS A&M UNIVERSITY
    2501 4TH AVENUE
    CANYON,TX79016     		NONE PC SCHOLARSHIP 5,000
    UNIVERSITY OF WASHINGTON TACOMA
    1900 COMMERCE STREET
    TACOMA,WA98402     		NONE PC SCHOLARSHIP 5,000
    UNIVERSITY OF PORTLAND
    5000 NORTH WILLAMETTE BOULEVARD
    PORTLAND,OR97203     		NONE PC SCHOLARSHIP 5,000
    MOUNT HOOD COMMUNITY COLLEGE
    26000 SOUTHEAST STARK STREET
    GRESHAM,OR97030     		NONE PC SCHOLARSHIP 1,634
    LEADING EDGE AVIATION
    63048 POWELL BUTTE RD
    Bend,OR97701     		NONE PC SCHOLARSHIP 4,300
    SOUTHERN NEW HAMPSHIRE UNIVERSITY
    2500 N RIVER RD
    Hookseth,NH03106     		NONE PC SCHOLARSHIP 5,000
    Umpqua Community College
    1140 UMPQUA COLLEGE RD
    Roseburg,OR97470     		NONE PC SCHOLARSHIP 5,000
    SEATTLE PACIFIC UNIVERSITY
    3307 3RD AVE W
    Seattle,WA98119     		NONE PC SCHOLARSHIP 4,000
    WHITWORTH UNIVERSITY
    300 W HAWTHORNE RD
    SPOKANE,WA99251     		NONE PC SCHOLARSHIP 5,000
    PHAGAN'S CENTRAL OREGON BEAUTY COLLEGE
    1310 NE CUSHING DR
    BEND,OR97701     		NONE PC SCHOLARSHIP 5,000
    Total .................................bullet 3a 200,767
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 97,881  
    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 ............     		    18 369,021  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aRETURNED SCHOLARSH     		    14 25,769  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   492,671  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13492,671
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 3,000     3,000

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NUVEEN HIGH INCOME BOND FD 265,940 192,006

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CARNIVAL PLC ADR    
    CVS CAREMARK CORP 35 97
    J P MORGAN CHASE & CO 3,396 3,941
    CAREFUSION CORPORATION    
    NUVEEN REAL ESTATE SECS FD 293,298 300,187
    T ROWE PRICE SC STOCK 49,916 50,665
    TFS MARKET NEUTRAL FD 406,199 369,279
    ALTERA CORP    
    AMAZON COM INC 11,844 16,576
    AMERICAN TOWER CORP 8,342 8,206
    AMGEN INC 3,443 5,407
    APPLE INC 11,948 13,150
    BIOGEN IDEC INC 1,979 3,372
    BLACKROCK INC    
    BORG WARNER INC    
    CELGENE CORP 7,492 18,855
    CERNER CORPORATION 2,247 3,013
    CITRIX SYS INC 70 71
    CONCHO RES INC 525 451
    COSTCO WHSL CORP 4,560 5,401
    DANAHER CORP 8,427 14,194
    DELTA AIR LINES INC 2,555 8,780
    DISNEY WALT CO 9,126 7,833
    DOLLAR GENERAL CORP 7,641 11,063
    E M C CORPORATION 3,380 3,240
    ECOLAB INC 14,575 13,742
    FACEBOOK INC 5,541 22,667
    GILEAD SCIENCES INC 5,771 14,309
    GOOGLE INC    
    GRAINGER W W INC 4,628 5,206
    ILLINOIS TOOL WORKS    
    INTERCONTINENTAL EXCHANGE INC    
    MASTERCARD INC 797 695
    MCGRAW HILL FINANCIAL INC    
    MONSANTO CO 4,967 4,859
    PRECISION CASTPARTS CORP    
    QUALCOMM INC 5,387 4,571
    RANGE RESOURCES CORP 5,295 1,827
    ROSS STORES INC 4,175 7,037
    SALESFORCE COM INC 545 474
    SBA COMMUNICATIONS CORP 2,411 2,372
    SIRIUS XM RADIO INC 2,719 3,471
    STARBUCKS CORP 4,639 11,060
    ULTA SALON COSMETICS & FRAG 2,982 4,295
    UNION PACIFIC CORP    
    UNITED HEALTH GROUP INC 9,098 11,791
    UNITED TECHNOLOGIES CORP    
    VERISIGN INC    
    VISA INC 11,730 24,468
    ASTRAZENCA PLC SPSD ADR REPSTG 7,625 9,518
    BAIDU COM INC ADR REPSTG    
    BP PLC SPONS ADR 18,090 12,247
    BRIT AMERN TOB PLC SPONS ADR 30,584 29,767
    CITY TELECOM HK LTD ADR    
    DELHAIZE GROUP SPONS ADR 18,984 20,086
    FLY LEASING LTD ADR REPSTG 34,229 31,926
    FRESENIUS MED CARE 23,264 28,274
    GLAXO SMITHKLINE PLC ADR 18,490 15,700
    GRUPO FIN SANTANDER ADR    
    HIMAX TECHNOLOGIES INC ADR 141 673
    KT CORP SP ADR REPSTG 17,181 16,451
    LG DISPLAY CO LTD ADR 1,384 1,151
    MICHAEL KORS HOLDINGS LLD 4,798 3,626
    MITSUBISHI UFJ FINL GRP ADR 707 648
    MIZUHO FNL GRP ADR 26,603 18,506
    NATIONAL GRID PLC SP ADR 75,277 74,210
    NIPPON TELEGRAPH TELE ADR 14,037 26,907
    NOVARTIS AG ADR REPSTG 47,026 37,119
    NTT DOCOMO INC ADR REPSTG 34,371 49,536
    ORIX CORP SPONS ADR 2,898 3,716
    ROYAL DUTCH SHELL PLC ADR 8,252 5,230
    SANOFI ADR REPSTG 16,879 13,012
    SAP AG ADR REPSTG    
    SCHLUMBERGER LTD    
    SHIRE PLC ADR REPSTG    
    SMITH & NEPHEW PLC ADR 27,063 33,097
    STATOIL ASA ADR REPSTG    
    SUMITOMO MITSUI FINL GROUP ADR 9,973 6,360
    TEVA PHARMACEUTICAL INDS LTD 19,709 27,355
    TOYOTA MTR CORP ADR REPSTG 15,804 11,972
    TRINITY BIOTECH PLC SPON ADR 17,084 13,940
    WACOAL HOLDINGS CORP ADR 14,708 14,662
    WESTPAC BANKING COPR SP ADR 19,547 13,892
    WNS HOLDINGS LTD ADR 5,856 8,094
    XINYUAN REAL ESTATE CO LTD ADR 2,626 3,572
    ABERDEEN FDS EMRGN MKT INSTL 217,961 162,169
    FIDELITY CAP TR CAP APPREC FD 155,322 138,208
    LOOMIS SAYLES STRAT ALPHA 100,398 91,952
    NUVEEN DIVIDEND VALUE FUND 49,111 41,574
    NUVEEN MID CAP GRWTH OPP FD 88,841 68,907
    NUVEEN MID CAP VALUE FUND 69,626 75,220
    NUVEEN SANTA BARBARA DIV GRWTH 77,272 70,946
    NUVEEN SMALL CAP VALUE FUND 50,539 72,105
    T ROWE PRICE BLUE CHIP GROWTH 115,228 117,552
    VANGUARD EQUITY INCOME 1 1
    VANGUARD INTL GROWTH FD 1 1
    VANGUARD STRATEGIC EQUITY 60,768 76,270
    VANGUARD TOTAL STK MKT INDEX 85,249 78,968
    ALEXION PHARMACEUTICALS INC 7,611 6,336
    AMERICAN EXPRESS CO    
    BEST BUY CO INC    
    COGNIZANT TECH SOLUTIONS    
    LULULEMON ATHLETICA INC 547 690
    MORGAN STANLEY    
    NEWS CORP NEW 86 65
    TWENTY FIRST CENTURY FOX INC    
    ARM HLDGS PLC ADR 5,530 4,712
    CENTRAIS ELECTR BRASIL ADR 4,133 1,717
    CHINA MOBILE LIMITED ADR    
    COMPANHIA BRASIL DE DIST ADR 2,261 441
    COMPANHIA PARAN ENER SP ADR 1,420 592
    INDUSTRIAS BACH SAB DE CV ADR 30,816 35,969
    LIBERTY GLOBAL PLC    
    SYNGENTA AG ADR REPSTG 12,850 12,686
    TOTAL SA ADR REPSTG 12,820 11,178
    NIKE INC 11,894 16,383
    TRIPADVISOR INC    
    SCHWAB CHARLES CORP    
    APPLIED MATERIALS INC 14,109 13,228
    PHILIPPINE LONG DIST ADR 7,087 4,024
    CANON INC SPONS ADR 79,760 68,639
    NICE SYS LTD SPONSORED ADR 19,684 28,402
    ALIBABA GROUP HOLDING LTD ADR 11,874 9,083
    SPLUNK INC 2,841 2,180
    COSTAR GROUP INC 2,112 2,479
    HONEYWELL INTERNATIONAL INC    
    SERVICENOW INC 4,229 3,959
    B H P BILLITON LIMITED ADR 519 203
    WORKDAY INC 6,620 4,836
    ISHARES S P US PREFERRED STOCK 249,300 241,569
    ABBVIE INC 11,148 10,485
    NETFLIX COM INC 3,819 5,511
    ZOETIS INC 37 41
    COMCAST CORP CL A    
    REED ELSEVIER NV ADR    
    THE PRICELINE GROUP INC 4,897 10,122
    CHUNGHWA TELECOM CO LTD ADR 78,791 80,358
    NIELSEN NV    
    LINKEDIN CORP A 9,438 5,274
    TWITTER INC 4,304 1,486
    TATA MOTORS LTD ADR    
    AVIANCA HOLDINGS ADR    
    HILTON WORLDWIDE HOLDINGS IN 4,072 3,491
    UNDER ARMOR INC CL A 1,963 2,009
    CHIPOTLE MEXICAN GRILL INC    
    GOOGLE INCE CL C    
    IMS HEALTH HOLDINGS INC 3,631 3,532

    TY 2015 InvestmentsOtherSchedule2
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ADIDAS AG A D R AT COST 883 955
    ADOBE SYS INC AT COST 2,201 2,129
    ALLERGAN PLC AT COST 15,004 14,215
    ALPHABET INC CL A AT COST 5,300 10,041
    ALPHABET INC CL C AT COST 8,252 15,351
    AVIANCA HOLDINGS A D R AT COST 18,394 6,539
    BOSTON SCIENTIFIC CORP AT COST 6,070 5,603
    BRISTOL MYERS SQUIBB CO AT COST 18,050 15,978
    DANONE SPON A D R AT COST 6,686 6,765
    DEXCOM INC AT COST 3,692 2,928
    DOLLAR TREE INC AT COST 11,197 11,556
    EDWARDS LIFESCIENCES CORP AT COST 14,335 15,399
    ENVISION HEALTHCARE HOLDINGS I AT COST 16,520 9,764
    FIRST DATA CORP CLASS A AT COST 1,627 1,275
    GRIFOLS SA A D R AT COST 20,136 19,188
    HOME DEPOT INC AT COST 17,714 19,487
    HONDA MOTOR CO LTD A D R AT COST 15,331 11,390
    HONG KONG TELEVISION NE A D R AT COST 335 280
    INTERCONTINENTAL HOTELS A D R AT COST 13,269 12,962
    INTUIT INC AT COST 15,311 15,076
    MEDTRONIC PLC AT COST 15,378 15,478
    MELCO CROWN ENTMT LTD A D R AT COST 3,283 2,590
    MICROSOFT CORP AT COST 13,578 12,466
    NESTLE SA SPONSORED A D R AT COST 39,315 36,886
    NETEASE INC A D R AT COST 3,172 2,961
    NOVO NORDISK AS A D R AT COST 16,546 14,752
    P P G INDS INC AT COST 12,621 10,618
    PALO ALTO NETWORKS INC AT COST 6,481 5,068
    PAYPAL HOLDINGS INC AT COST 9,012 9,688
    PEARSON P L C A D R AT COST 14,896 8,742
    QUINTILES TRANSNATIONAL HOLD AT COST 15,741 14,172
    ROCHE HOLDINGS LTD SPON A D R AT COST 50,824 47,338
    SHERWIN WILLIAMS CO AT COST 13,784 12,984
    SOUTH32 LTD A D R AT COST 25 13
    VALEANT PHARMACEUTICALS INTE AT COST 8,795 2,435
    VERTEX PHARMACEUTICALS INC AT COST 5,292 3,591
    WELLS FARGO CO AT COST 15,986 13,185
    WPP PLC SPON A D R AT COST 6,554 5,999

    TY 2015 OtherExpensesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OREGON FORM CT-12 FILING FEE 490 0   490
    ADR FEES 718 718   0


    TY 2015 OtherIncomeSchedule2
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RETURNED SCHOLARSHIPS FROM PY 25,769 0  


    TY 2015 OtherIncreasesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Description Amount
    ROUNDING ADJUSTMENT 36


    TY 2015 TaxesSchedule
    Name:
    EMINGER STEWART FOUNDATION UMA 050013119300
    EIN:
    35-6797693
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PRIOR YEAR'S TAX LIABILITY 1,764 0   0
    FOREIGN TAXES PAID 3,554 3,554   0
    FEDERAL ESTIMATED TAX 3,088 0   0