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 04-01-2015 , and ending 03-31-2016
Name of foundation
SCHILLING FAMILY SCHOLARSHIP FUND 50550320
 
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

81-6067894
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$377,678J 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... 9,392 9,204  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,117
b Gross sales price for all assets on line 6a 124,569
7 Capital gain net income (from Part IV, line 2)... 7,117
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 16,509 16,321  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,008 5,407   601
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 2,947 0 0 2,947
b Accounting fees (attach schedule)....... Click to see attachment 2,400 0 0 2,400
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 793 137   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 5 5    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,153 5,549 0 5,948
25 Contributions, gifts, grants paid....... 12,000 12,000
26 Total expenses and disbursements. Add lines 24 and 25 24,153 5,549 0 17,948
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,644
b Net investment income (if negative, enter -0-) 10,772
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............. 184 130 130
2 Savings and temporary cash investments......... 12,273 7,425 7,425
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     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)....... 288,448 Click to see attachment228,106 250,135
c Investments—corporate bonds (attach schedule)....... 58,566 Click to see attachment49,352 50,892
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 attachment66,794 69,096
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) 359,471 351,807 377,678
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........ 359,471 351,807
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)..... 359,471 351,807
31 Total liabilities and net assets/fund balances (see instructions). 359,471 351,807
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
359,471
2
Enter amount from Part I, line 27a .....................
2
-7,644
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
351,827
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
20
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
351,807
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 49. MARATHON OIL CORPORATION     2015-04-01
b .4732 ACTAVIS PLC   2015-03-17 2015-04-01
c 1. ACTAVIS PLC   2015-03-17 2015-04-06
d 5. CVS CORP COM   2012-07-19 2015-04-07
e 12. SPDR GOLD TRUST   2015-01-02 2015-04-10
173.13 ABERDEEN FDS EMRGN   2013-05-01 2015-04-14
5. DISNEY WALT CO   2013-04-12 2015-04-14
2. GOLDMAN SACHS GROUP INC   2013-06-12 2015-04-14
58.248 GOLDMAN SACHS M C VALUE CL INST     2015-04-14
5. MASTERCARD INC   2012-07-13 2015-04-14
7. MERCK AND CO INC   2013-02-07 2015-04-14
233.918 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-21 2015-04-14
72.171 SCOUT INTERNATIONAL FUND   2012-06-22 2015-04-14
3. UNITED PARCEL SERVICE INC CL B   2012-07-19 2015-04-14
8. GILEAD SCIENCES INC   2013-05-01 2015-04-15
2. WAL MART STORES INC   2012-07-05 2015-04-28
171.35 ABERDEEN FDS EMRGN   2013-05-01 2015-04-29
122.145 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-21 2015-04-29
98.508 SCOUT INTERNATIONAL FUND     2015-04-29
.0082 GOOGLE INC CL C   2008-11-04 2015-05-07
15. SPDR GOLD TRUST   2015-01-02 2015-05-14
15. SPDR GOLD TRUST   2015-01-02 2015-06-12
3. GILEAD SCIENCES INC   2013-05-01 2015-06-18
6. MERCK AND CO INC   2013-02-07 2015-06-18
1. SECURITY LITIGATION   1911-11-11 2015-06-29
15. SPDR GOLD TRUST   2015-01-02 2015-07-08
189.538 ABERDEEN FDS EMRGN   2013-05-01 2015-08-03
3. BOEING CO   2012-02-23 2015-08-03
60.621 GOLDMAN SACHS M C VALUE CL INST   2012-07-05 2015-08-03
445.104 GOLDMAN SACHS COMM STRAT INS     2015-08-03
10. INTEL CORP   2013-05-08 2015-08-03
12. MERCK AND CO INC   2013-02-07 2015-08-03
229.568 NUVEEN STRATEGIC INCOME I   2014-10-15 2015-08-03
55.03 T ROWE PRICE SMALL CAP STOCK FD 65   2012-06-22 2015-08-03
74.627 SCOUT INTERNATIONAL FUND   2012-06-26 2015-08-03
5. STARBUCKS CORP   2012-07-19 2015-08-03
10. WELLS FARGO & CO NEW   2004-04-20 2015-08-03
5. XILINX INC   2014-09-25 2015-08-03
15. SPDR GOLD TRUST   2015-01-02 2015-08-07
10. BAXALTA INC W I     2015-08-10
3. GOOGLE INC CL C   2008-11-04 2015-08-10
18.317 ROWE T PRICE MID-CAP GROWTH FD INC   2012-07-05 2015-08-10
9.511 VANGUARD MID-CAP INDEX-ADM   2015-04-14 2015-08-10
40. IPATH DOW JONES UBS COMMODITY     2015-08-18
1. GOLDMAN SACHS GROUP INC   2013-06-12 2015-08-18
60.256 GOLDMAN SACHS M C VALUE CL INST     2015-08-18
10. ISHARES JPMORGAN USD EMERG ETF   2014-07-28 2015-08-18
1. MOHAWK INDS INC COM   2014-07-28 2015-08-18
8. PFIZER INC COMMON STOCK   2001-07-06 2015-08-18
5. PRUDENTIAL FINL INC   2013-04-12 2015-08-18
45.928 SCOUT INTERNATIONAL FUND   2012-06-26 2015-08-18
5. STARBUCKS CORP   2012-07-19 2015-08-18
5. LOWES COMPANIES INC   2013-06-12 2015-09-04
4. MC DONALD'S CORP   2012-08-13 2015-09-04
15. SPDR GOLD TRUST   2015-01-02 2015-09-04
5. STARBUCKS CORP   2012-07-19 2015-09-04
8. EXXON MOBIL CORP     2015-09-09
5. SCHLUMBERGER LTD   2013-02-07 2015-09-09
10. ISHARES JPMORGAN USD EMERG ETF     2015-09-15
25. ISHARES IBOXX HIGH YIELD ETF     2015-09-15
5. PRUDENTIAL FINL INC   2013-04-12 2015-09-15
118.26 SCOUT INTERNATIONAL FUND   2012-06-26 2015-09-15
9. ISHARES BARCLAYS TIPS BOND ETF   2015-02-09 2015-09-23
1. ISHARES BARCLAYS TIPS BOND ETF   2013-11-21 2015-09-23
10. ISHARES IBOXX HIGH YIELD ETF   2010-09-30 2015-09-23
140.977 NUVEEN STRATEGIC INCOME I   2014-10-15 2015-09-23
15. ISHARES JPMORGAN USD EMERG ETF   2012-06-26 2015-10-02
15. ISHARES IBOXX HIGH YIELD ETF   2010-09-27 2015-10-02
15. SPDR GOLD TRUST   2015-01-02 2015-10-05
10. PFIZER INC COMMON STOCK   2001-07-06 2015-10-15
10. BAXTER INTL INC     2015-10-16
80.775 ABERDEEN FDS EMRGN   2013-05-01 2015-10-28
120.679 GOLDMAN SACHS M C VALUE CL INST     2015-10-28
25. ISHARES IBOXX HIGH YIELD ETF   2010-09-27 2015-10-28
15. MYLAN NV     2015-10-28
15. SPDR GOLD TRUST   2015-01-02 2015-11-04
25. HP INC     2015-11-09
25. HEWLETT PACKARD ENTERPRIS WI     2015-11-09
284.36 NUVEEN STRATEGIC INCOME I   2014-10-15 2015-11-12
123.052 ABERDEEN FDS EMRGN   2013-05-01 2015-11-20
2. EXXON MOBIL CORP   2002-08-15 2015-11-20
25. ISHARES IBOXX HIGH YIELD ETF   2010-09-27 2015-11-20
3. PRUDENTIAL FINL INC   2013-04-12 2015-11-20
22.738 T ROWE PRICE SMALL CAP STOCK FD 65   2012-06-22 2015-11-20
3. STARBUCKS CORP   2012-07-19 2015-11-20
2. STRYKER CORP   2014-06-19 2015-11-20
1. UNITED PARCEL SERVICE INC CL B   2012-07-19 2015-11-20
3. VERIZON COMMUNICATIONS   2009-06-25 2015-11-20
15. SPDR GOLD TRUST   2015-01-02 2015-12-03
133.097 ABERDEEN FDS EMRGN   2013-05-01 2015-12-14
2. APPLE COMPUTER INC   2008-09-29 2015-12-14
5. DISNEY WALT CO   2013-04-12 2015-12-14
10. GENERAL ELEC CO   2013-11-21 2015-12-14
358.802 NUVEEN STRATEGIC INCOME I   2014-10-15 2015-12-14
23.591 T ROWE PRICE SMALL CAP STOCK FD 65   2012-06-22 2015-12-14
113.327 LAUDUS INTERNATIONAL MARKETMASTERS   2010-09-28 2015-12-14
3. STATE STR CORP   2013-04-12 2015-12-14
187.22 ABERDEEN FDS EMRGN     2015-12-22
8. EMERSON ELEC CO   2014-06-02 2015-12-22
10. NRG ENERGY INC   2015-04-14 2015-12-22
40. NRG ENERGY INC     2015-12-22
10. PFIZER INC COMMON STOCK     2015-12-22
7. SPDR GOLD TRUST   2015-02-09 2015-12-22
168.837 LAUDUS INTERNATIONAL MARKETMASTERS   2010-09-28 2015-12-22
5. INVESCO LTD   2014-05-02 2015-12-22
10. GENERAL ELEC CO   2013-11-21 2016-01-11
8. SPDR GOLD TRUST     2016-01-11
5. STARBUCKS CORP   2012-07-19 2016-01-11
15. ISHARES BARCLAYS TIPS BOND ETF   2013-11-21 2016-01-19
199.734 OPPENHEIMER SENIOR FLOATING RATE I     2016-01-20
115.34 CAUSEWAY EMERGING MARKETS INSTL   2015-04-29 2016-02-03
5. J P MORGAN CHASE & CO   2009-10-13 2016-02-03
98.717 P I M C O FDS TOTAL RETURN FD   2011-01-24 2016-02-03
258.933 LAUDUS INTERNATIONAL MARKETMASTERS   2010-09-28 2016-02-03
203.528 OPPENHEIMER SENIOR FLOATING RATE I     2016-02-11
248.509 P I M C O FDS TOTAL RETURN FD   2011-01-24 2016-02-12
20. EMERSON ELEC CO     2016-03-17
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,312   1,832 -520
b 139   144 -5
c 298   305 -7
d 518   231 287
e        
2,512   2,772 -260
535   302 233
395   327 68
2,500   2,484 16
446   228 218
404   287 117
2,012   2,273 -261
2,517   2,062 455
290   240 50
830   400 430
158   142 16
2,479   2,743 -264
1,072   1,187 -115
3,464   2,796 668
4   2 2
1     1
1     1
363   150 213
351   246 105
89     89
1     1
2,475   3,035 -560
428   227 201
2,484   2,208 276
1,464   2,593 -1,129
289   242 47
703   492 211
2,502   2,599 -97
2,488   1,849 639
2,490   2,106 384
290   133 157
577   281 296
209   214 -5
1     1
391   338 53
1,898   550 1,348
1,519   1,054 465
1,522   1,533 -11
992   1,619 -627
202   164 38
2,493   2,178 315
1,083   1,156 -73
211   127 84
284   321 -37
446   285 161
1,495   1,296 199
289   133 156
338   206 132
377   352 25
1     1
270   133 137
582   341 241
373   391 -18
1,079   1,154 -75
2,157   2,304 -147
401   285 116
3,588   3,337 251
997   1,025 -28
111   112 -1
849   895 -46
1,497   1,596 -99
1,597   1,706 -109
1,233   1,334 -101
1     1
337   401 -64
337   417 -80
1,000   1,293 -293
4,749   4,267 482
2,134   2,223 -89
667   885 -218
1     1
348   384 -36
353   422 -69
2,994   3,219 -225
1,510   1,970 -460
159   75 84
2,071   2,223 -152
260   171 89
1,002   764 238
186   80 106
192   171 21
104   80 24
136   88 48
1     1
1,505   2,131 -626
223   31 192
544   302 242
300   269 31
3,645   4,062 -417
894   793 101
2,492   2,010 482
195   179 16
2,142   2,862 -720
372   538 -166
110   244 -134
438   1,233 -795
324   364 -40
720   836 -116
3,515   2,995 520
157   183 -26
286   269 17
838   925 -87
289   133 156
1,651   1,672 -21
1,492   1,671 -179
1,005   1,502 -497
281   216 65
998   1,070 -72
5,018   4,593 425
1,496   1,679 -183
2,495   2,694 -199
1,094   1,339 -245
      5,664
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       -520
b       -5
c       -7
d       287
e        
      -260
      233
      68
      16
      218
      117
      -261
      455
      50
      430
      16
      -264
      -115
      668
      2
      1
      1
      213
      105
      89
      1
      -560
      201
      276
      -1,129
      47
      211
      -97
      639
      384
      157
      296
      -5
      1
      53
      1,348
      465
      -11
      -627
      38
      315
      -73
      84
      -37
      161
      199
      156
      132
      25
      1
      137
      241
      -18
      -75
      -147
      116
      251
      -28
      -1
      -46
      -99
      -109
      -101
      1
      -64
      -80
      -293
      482
      -89
      -218
      1
      -36
      -69
      -225
      -460
      84
      -152
      89
      238
      106
      21
      24
      48
      1
      -626
      192
      242
      31
      -417
      101
      482
      16
      -720
      -166
      -134
      -795
      -40
      -116
      520
      -26
      17
      -87
      156
      -21
      -179
      -497
      65
      -72
      425
      -183
      -199
      -245
       
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 7,117
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 15,904 402,925 0.039471
2013 17,938 393,934 0.045536
2012 19,754 376,927 0.052408
2011 18,830 367,355 0.051258
2010 18,592 362,247 0.051324
2
Total of line 1, column (d) .....................
20.239997
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
0.047999
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
381,518
5
Multiply line 4 by line 3......................
5
18,312
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
108
7
Add lines 5 and 6........................
7
18,420
8
Enter qualifying distributions from Part XII, line 4.............
8
17,948
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 1 215
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........................... 3 215
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- ..... 5 215
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 546
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.............. 7 546
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 331
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet216 RefundedBullet 11 115
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)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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+4bullet97204
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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 NA TRUSTEE
    1     		6,008    
    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
    378,343
    b
    Average of monthly cash balances.......................
    1b
    8,985
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    387,328
    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
    387,328
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,810
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    381,518
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    19,076
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    19,076
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    215
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    215
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    18,861
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    18,861
    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
    18,861
    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
    17,948
    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
    17,948
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    17,948
    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 18,861
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 1,897
    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$ 17,948
    a Applied to 2014, but not more than line 2a 1,897
    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..... 16,051
    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 ..........     		2,810
    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:
    SCHOLARSHIP SELECTION COMMITTEE BU
    401 S WYOMING STREET
    BUTTE,MT59701
    (406) 533-2500
    bThe form in which applications should be submitted and information and materials they should include:
    FORM PROVIDED BY BUTTE HIGH SCHOOL
    cAny submission deadlines:
    CONTACT BUTTE HIGH SCHOOL
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADUATES OF BUTTE HIGH SCHOOL
    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
    GONZAGA UNIVERISTY
    FINANCIAL AID OFFICE
    502 EAST BOONE AVE
    SPOKANE,WA99258     		NONE PC SCHOLARSHIPS 6,000
    MONTANA STATE UNIVERSITY
    208 N BROADWAY
    BILLINGS,MT59101     		NONE PC SCHOLARSHIPS 3,000
    COLORADO SCHOOL OF MINES
    1500 ILLINOIS ST
    GOLDEN,CO80401     		NONE PC SCHOLARSHIPS 3,000
    Total .................................bullet 3a 12,000
    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 9,392  
    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 7,117  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   16,509  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1316,509
    (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:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 2,400     2,400

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN CENTY INTL BOND FD    
    ISHARES BARCLAYS TIPS BOND ETF 7,018 7,452
    ISHARES IBOXX H Y CORP BD    
    ISHARES JP MORGAN EM BOND FD    
    FEDERATED INST HI YLD BD FD 8,600 7,709
    ISHARES CORE MSCI EAFE ETF 10,574 10,522
    ISHARES S P U S PREFERRED STOC 7,593 7,611
    VANGUARD REIT ETF 15,567 17,598

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BOEING CO 1,289 2,158
    APPLE INC 332 4,360
    ECOLAB INC    
    EXXON MOBIL CORP 990 2,257
    GENERAL ELEC CO 2,153 2,543
    INTEL CORP 725 971
    JOHNSON & JOHNSON 1,915 3,246
    MICROSOFT CORP 1,795 3,700
    PEPSICO INC 595 1,332
    PFIZER INC 1,519 1,601
    PRAXAIR INC 2,097 1,831
    PROCTER & GAMBLE CO 978 1,482
    QUALCOMM INC 383 1,432
    STARBUCKS CORP 1,093 2,448
    TARGET CORPORATION 1,881 2,468
    UNITED PARCEL SERVICE INC CL B 320 422
    UNITED TECHNOLOGIES CORP 817 1,802
    VERIZON COMMUNICATIONS INC 1,171 2,163
    WAL MART STORES INC 943 959
    WELLS FARGO & CO 1,104 2,176
    SCHLUMBERGER LTD 1,407 1,328
    IPATH DOW JONES UBS COMMODITY    
    LAUDUS INTL MRKTMASTERS INV FD 9,880 11,484
    GOOGLE INC    
    JP MORGAN CHASE & CO    
    MCDONALDS CORP 1,407 2,011
    MASTERCARD INC 1,435 3,024
    PIMCO TOTAL RETURN FD 9,258 8,742
    MERCK AND CO INC    
    ACE LTD    
    GOLDMAN SACHS M C VALUE CL INS    
    OPPENHEIMER SR FLOAT RATE Y 6,723 6,251
    SCOUT INTERNATIONAL FUND    
    SPDR GOLD TRUST    
    T ROWE PRICE SC STOCK 7,579 8,696
    ANADARKO PETROLEUM CORP 1,019 559
    BANK OF AMERICA CORP 972 811
    DISNEY WALT CO 1,210 1,986
    GILEAD SCIENCES INC 501 919
    GOLDMAN SACHS GROUP INC 327 314
    HEWLETT PACKARD CO    
    LOWES CO INC 1,644 3,030
    NRG ENERGY INC    
    OCCIDENTAL PETROLEUM CORP 1,306 958
    PRUDENTIAL FINANCIAL INC 399 506
    STATE STR CORP 1,016 995
    STRYKER CORP 1,044 1,395
    INVESCO LTD 794 677
    ABERDEEN FDS EMRGN MKT    
    GOLDMAN SACHS COMM STRAT 1,015 454
    LOOMIS SAYLES STRATEGIC ALPHA 13,911 12,725
    REBECO BOSTON PARTN L S RSRCH 17,776 19,961
    T ROWE PRICE MID CAP GRWTH FD 8,291 10,713
    ABBVIE INC 1,702 1,656
    ACTAVIS PLC    
    AT&T INC 524 588
    BAIRD AGGREGATE BOND FD INSTL 31,500 31,800
    BAXTER INTERNATIONAL INC    
    CALVERT SHORT DURATION INCOME 10,250 10,159
    CAPITAL ONE FINANCIAL CORP 1,221 1,040
    CAUSEWAY EMERGING MARKETS INST 10,248 8,418
    CISCO SYSTEMS INC 1,517 1,566
    CVS HEALTH CORPORATION 833 1,867
    EMERSON ELEC CO    
    JOHN HANCOCK FDS III DISCPLN V 5,000 4,489
    MARATHON OIL CORPORATION    
    MEDTRONIC PLC 1,966 1,950
    MOHAWK INDS INC 906 1,336
    MORGAN STANLEY 817 650
    NUVEEN STRATEGIC INCOME I    
    PRUDENTIAL SHORT DUR HI YLD IN 14,000 13,469
    T ROWE PRICE GROWTH STOCK #40 8,000 7,355
    T ROWE PRICE INTL BOND FUND    
    T ROWE PRICE INTL GR&INC FD 13,000 10,982
    VANGUARD 500 INDEX ADMIRAL 7,500 8,053
    VANGUARD MID CAP INDEX ADM 6,978 6,586
    XILINX INC 1,130 1,281

    TY 2015 InvestmentsOtherSchedule2
    Name:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    3M CO AT COST 727 833
    ACCENTURE PLC CL A AT COST 838 923
    ALPHABET INC CL A AT COST 553 2,289
    CALIFORNIA RESOURCES CORP AT COST   1
    CAMBIAR INTL EQUITY FUND INS AT COST 10,000 10,014
    CARDINAL HEALTH INC AT COST 2,185 2,049
    CHUBB LTD AT COST 983 1,430
    CIGNA CORP AT COST 395 412
    COLUMBIA FDS SER DIVIDEND INC AT COST 1,000 1,078
    COSTCO WHSL CORP AT COST 1,601 1,733
    E O G RES INC AT COST 1,198 944
    ECOLAB INC AT COST 1,744 1,784
    FIDELITY INVT TR AD INTL DISCI AT COST 17,500 16,522
    GLENMEDE SC EQUITY PORT ADV AT COST 2,500 2,324
    ISHARES CORE MSCI EMERGING MKT AT COST 880 1,041
    J P MORGAN CHASE CO AT COST 1,592 2,665
    JOHN HANCOCK II GL ABS RE I AT COST 3,300 2,953
    NIKE INC AT COST 882 1,045
    NUVEEN REAL ESTATE SECS I AT COST 2,000 2,015
    P G E CORP AT COST 686 776
    P N C FINANCIAL SERVICES GROUP AT COST 1,905 1,691
    SEMPRA ENERGY AT COST 1,013 1,041
    SPDR S P 500 ETF AT COST 1,881 2,055
    STERICYCLE INC AT COST 1,452 1,514
    T ROWE PRICE MID CAP VALUE FUN AT COST 5,000 4,588
    THE PRICELINE GROUP INC AT COST 1,229 1,289
    VANGUARD EQUITY INCOME ADM AT COST 3,750 4,087

    TY 2015 LegalFeesSchedule
    Name:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 2,947     2,947


    TY 2015 OtherDecreasesSchedule
    Name:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Description Amount
    ROUNDING ADJUSTMENT 20


    TY 2015 OtherExpensesSchedule
    Name:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 5 5   0


    TY 2015 TaxesSchedule
    Name:
    SCHILLING FAMILY SCHOLARSHIP FUND 50550320
    EIN:
    81-6067894
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 136 136   0
    FEDERAL TAX PAYMENT - PRIOR YE 110 0   0
    FEDERAL ESTIMATES - PRINCIPAL 546 0   0
    FOREIGN TAXES ON NONQUALIFIED 1 1   0