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 01-01-2015 , and ending 12-31-2015
Name of foundation
JOHN W MCKEE EDUCATIONAL TRUST 50255290
 
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

23-7058723
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$384,122J 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... 7,033 6,985  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,753
b Gross sales price for all assets on line 6a 164,712
7 Capital gain net income (from Part IV, line 2)... 7,753
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 1,906 106  
12 Total. Add lines 1 through 11........ 16,692 14,844  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 7,257 6,531   726
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 1,605 0 0 1,605
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 350 94   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 32 32    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,744 6,657 0 3,831
25 Contributions, gifts, grants paid....... 96,050 96,050
26 Total expenses and disbursements. Add lines 24 and 25 106,794 6,657 0 99,881
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -90,102
b Net investment income (if negative, enter -0-) 8,187
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............. 127 48 48
2 Savings and temporary cash investments......... 10,247 8,816 8,816
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   93 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)....... 203,745 Click to see attachment96,735 254,696
c Investments—corporate bonds (attach schedule)....... 105,265 Click to see attachment65,637 63,035
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment58,073 Click to see attachment57,527
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 319,477 229,309 384,122
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........ 319,477 229,309
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)..... 319,477 229,309
31 Total liabilities and net assets/fund balances (see instructions). 319,477 229,309
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
319,477
2
Enter amount from Part I, line 27a .....................
2
-90,102
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
229,375
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
66
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
229,309
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 5. APACHE CORP   2013-05-15 2015-01-09
b 4. APPLE COMPUTER INC   2008-09-29 2015-01-09
c 10. BANK OF AMERICA CORP   2013-05-15 2015-01-09
d 25. IPATH DOW JONES UBS COMMODITY   2010-10-21 2015-01-09
e 4. CALIFORNIA RESOURCES CORP     2015-01-09
10. CITIGROUP INC   2011-05-18 2015-01-09
10. EXELON CORP   2013-09-24 2015-01-09
3. EXPRESS SCRIPTS HLDGS C   2011-03-07 2015-01-09
25. GENERAL ELEC CO   2013-06-12 2015-01-09
1. GOLDMAN SACHS GROUP INC   2010-02-02 2015-01-09
1. GOOGLE INC CL C   2008-11-04 2015-01-09
9. ISHARES JPMORGAN USD EMERG ETF   2014-10-17 2015-01-09
11. ISHARES IBOXX HIGH YIELD ETF   2013-04-25 2015-01-09
5. JOHNSON & JOHNSON   2013-05-08 2015-01-09
15. MARATHON OIL CORPORATION   2014-04-23 2015-01-09
7. ORACLE CORPORATION   2012-11-21 2015-01-09
5. PEPSICO INC   2012-11-21 2015-01-09
3. PROCTER & GAMBLE CO   2006-04-04 2015-01-09
5. QUALCOMM INC   2013-09-24 2015-01-09
164.042 ROBECO BOSTON PARTNERS L S RSRCH     2015-01-09
6. ROCKWELL AUTOMATION INC   2013-09-24 2015-01-09
112.994 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-23 2015-01-09
11.73732 T ROWE PRICE SMALL CAP STOCK FD 65   2013-12-04 2015-01-09
45.01668 T ROWE PRICE SMALL CAP STOCK FD 65     2015-01-09
69.735 T ROWE PRICE MID CAP VALUE FD INC     2015-01-09
114.207 LAUDUS INTERNATIONAL MARKETMASTERS   2010-11-22 2015-01-09
47.14 SCOUT INTERNATIONAL FUND   2011-04-12 2015-01-09
2. UNITED PARCEL SERVICE INC CL B   2013-05-01 2015-01-09
26.276 VANGUARD 500 INDEX ADMIRAL     2015-01-09
5. VERIZON COMMUNICATIONS   2013-03-01 2015-01-09
5. WELLS FARGO & CO NEW   2004-04-20 2015-01-09
5. SPDR GOLD TRUST   2015-01-02 2015-01-14
1. ALLERGAN INC   2014-03-24 2015-01-15
3. CVS CORP COM   2012-08-07 2015-01-15
5. EXELON CORP   2013-09-24 2015-01-15
1. GOLDMAN SACHS GROUP INC   2010-02-02 2015-01-15
119.048 OPPENHEIMER SENIOR FLOATING RATE I   2014-03-24 2015-01-15
128.784 OPPENHEIMER SENIOR FLOATING RATE I     2015-01-15
6. ROCKWELL AUTOMATION INC   2013-09-24 2015-01-15
111.732 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-23 2015-01-15
45.704 LAUDUS INTERNATIONAL MARKETMASTERS   2010-11-22 2015-01-15
31.646 SCOUT INTERNATIONAL FUND   2011-04-12 2015-01-15
229.709 LS OPPORTUNITY   2014-06-17 2015-01-15
15. COVIDIEN PLC   2012-08-07 2015-01-27
.34 MEDTRONIC PLC   2015-01-27 2015-02-05
5. SPDR GOLD TRUST   2015-01-02 2015-02-13
3. APPLE COMPUTER INC   2008-09-29 2015-03-12
3. ECOLAB INC   2013-05-15 2015-03-12
20. EXELON CORP   2013-09-24 2015-03-12
93.583 GOLDMAN SACHS COMM STRAT INS   2014-05-21 2015-03-12
10. MICROSOFT CORP   2013-04-12 2015-03-12
102.065 ROWE T PRICE INTL FDS INC INTL BD FD   2014-04-23 2015-03-12
91.13 SCOUT INTERNATIONAL FUND   2011-04-12 2015-03-12
5. SPDR GOLD TRUST   2015-01-02 2015-03-13
3. ALLERGAN INC   2014-03-24 2015-03-17
10. SOUTHWEST AIRLINES CO   2014-06-17 2015-03-18
5. SOUTHWEST AIRLINES CO   2014-02-20 2015-03-18
42. MARATHON OIL CORPORATION   2014-04-23 2015-04-01
.1049 ACTAVIS PLC   2015-03-17 2015-04-01
390.903 ABERDEEN FDS EMRGN     2015-04-02
35.334 GOLDMAN SACHS COMM STRAT INS   2014-03-24 2015-04-02
98.356 GOLDMAN SACHS COMM STRAT INS     2015-04-02
7. ILLINOIS TOOL WKS INC   2013-09-24 2015-04-02
10. ISHARES JPMORGAN USD EMERG ETF   2014-10-17 2015-04-02
25. ISHARES IBOXX HIGH YIELD ETF     2015-04-02
5. MC DONALD'S CORP   2013-02-07 2015-04-02
4. SCHLUMBERGER LTD   2008-04-03 2015-04-02
102.549 SCOUT INTERNATIONAL FUND     2015-04-02
10. WELLS FARGO & CO NEW     2015-04-02
1. ACTAVIS PLC   2015-03-17 2015-04-06
2. WAL MART STORES INC   2013-02-22 2015-04-07
12. SPDR GOLD TRUST   2015-01-02 2015-04-10
7. GILEAD SCIENCES INC   2013-03-01 2015-04-15
.0054 GOOGLE INC CL C   2008-11-04 2015-05-07
12. SPDR GOLD TRUST   2015-01-02 2015-05-14
452.07 ABERDEEN FDS EMRGN   2013-05-01 2015-06-10
72.759 SCOUT INTERNATIONAL FUND   2012-11-07 2015-06-10
472.823 TCW EMERGING MARKETS INCOME FUND     2015-06-10
12. SPDR GOLD TRUST   2015-01-02 2015-06-12
8. EXPRESS SCRIPTS HLDGS C   2011-03-07 2015-06-18
1. SECURITY LITIGATION   1911-11-11 2015-06-29
12. SPDR GOLD TRUST   2015-01-02 2015-07-08
189.538 ABERDEEN FDS EMRGN   2013-05-01 2015-08-03
5. APPLE COMPUTER INC   2008-09-29 2015-08-03
20. BAXALTA INC W I   2013-05-01 2015-08-03
3. BOEING CO   2012-02-23 2015-08-03
5. CVS CORP COM   2012-08-07 2015-08-03
4. DISNEY WALT CO   2013-09-24 2015-08-03
2. GILEAD SCIENCES INC   2013-03-01 2015-08-03
148.368 GOLDMAN SACHS COMM STRAT INS     2015-08-03
1. GOOGLE INC CL A   2008-11-04 2015-08-03
8. ILLINOIS TOOL WKS INC   2013-09-24 2015-08-03
24. ISHARES JPMORGAN USD EMERG ETF     2015-08-03
6. ISHARES JPMORGAN USD EMERG ETF   2014-10-17 2015-08-03
20. ISHARES IBOXX HIGH YIELD ETF   2012-10-17 2015-08-03
6. J P MORGAN CHASE & CO   2009-08-07 2015-08-03
5. MASTERCARD INC   2014-06-17 2015-08-03
5. MC DONALD'S CORP   2013-02-07 2015-08-03
2. MOHAWK INDS INC COM   2014-03-24 2015-08-03
63.721 NUVEEN REAL ESTATE SECS I   2012-11-21 2015-08-03
4. PEPSICO INC   2012-11-21 2015-08-03
5. PRAXAIR INC   2014-08-11 2015-08-03
33.018 T ROWE PRICE SMALL CAP STOCK FD 65     2015-08-03
51.265 T ROWE PRICE MID CAP VALUE FD INC     2015-08-03
5. SCHLUMBERGER LTD   2008-04-03 2015-08-03
105.683 SCOUT INTERNATIONAL FUND   2012-11-07 2015-08-03
5. STARBUCKS CORP   2010-10-18 2015-08-03
6. STATE STR CORP   2012-08-07 2015-08-03
4. STRYKER CORP     2015-08-03
20.878 VANGUARD 500 INDEX ADMIRAL   2014-08-01 2015-08-03
17.714 VANGUARD 500 INDEX ADMIRAL     2015-08-03
10. VERIZON COMMUNICATIONS   2013-03-01 2015-08-03
5. WELLS FARGO & CO NEW   2002-12-23 2015-08-03
5. XILINX INC   2014-09-25 2015-08-03
10. INVESCO LTD     2015-08-03
5. ACE LTD   2012-08-07 2015-08-03
12. SPDR GOLD TRUST   2015-01-02 2015-08-07
5. EXXON MOBIL CORP   2013-06-12 2015-08-31
7. INTEL CORP   1997-07-23 2015-08-31
10. PFIZER INC COMMON STOCK   2000-03-16 2015-08-31
3. PRUDENTIAL FINL INC   2013-05-01 2015-08-31
12. SPDR GOLD TRUST   2015-01-02 2015-09-04
15. TARGET CORP     2015-09-04
6. ANADARKO PETE CORP   2013-11-21 2015-09-09
12. SPDR GOLD TRUST   2015-01-02 2015-10-05
20. BAXTER INTL INC   2013-05-01 2015-10-16
59.713 ABERDEEN FDS EMRGN   2013-05-01 2015-10-26
111.465 GOLDMAN SACHS COMM STRAT INS   2014-01-14 2015-10-26
10. HEWLETT PACKARD CO   2014-03-06 2015-10-26
15. ISHARES IBOXX HIGH YIELD ETF     2015-10-26
12. SPDR GOLD TRUST   2015-01-02 2015-11-04
40. HP INC   2014-03-06 2015-11-09
40. HEWLETT PACKARD ENTERPRIS WI   2014-03-06 2015-11-09
261.571 ABERDEEN FDS EMRGN     2015-11-12
15. ISHARES IBOXX HIGH YIELD ETF   2013-09-24 2015-11-12
12. SPDR GOLD TRUST   2015-01-02 2015-12-03
1. ALPHABET INC CL C     2015-12-14
4. APPLE COMPUTER INC     2015-12-14
35. IPATH DOW JONES UBS COMMODITY     2015-12-14
5. DISNEY WALT CO   2013-09-24 2015-12-14
6. DOW CHEM CO   2013-09-24 2015-12-14
8. E O G RES INC   2015-04-01 2015-12-14
550.055 FEDERATED INST HI YLD BD FD     2015-12-14
35. ISHARES BARCLAYS TIPS BOND ETF     2015-12-14
50. ISHARES S P U S PREFERRED STOCK ETF   2010-10-21 2015-12-14
10. ISHARES CORE MSCI EMERGING MKTS ETF   2015-01-09 2015-12-14
80. ISHARES CORE MSCI EMERGING MKTS ETF     2015-12-14
5. LOWES COMPANIES INC   2013-03-01 2015-12-14
3. MC DONALD'S CORP   2013-02-07 2015-12-14
10. MORGAN STANLEY DEAN WITTER & CO   2014-06-17 2015-12-14
10. NRG ENERGY INC   2015-01-09 2015-12-14
17. NRG ENERGY INC   2014-03-24 2015-12-14
261.05385 LOOMIS SAYLES STRATEGIC ALPHA FUND Y     2015-12-14
53.08215 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2013-05-01 2015-12-14
171.969 NUVEEN REAL ESTATE SECS I     2015-12-14
5. ORACLE CORPORATION   2012-11-21 2015-12-14
25. PFIZER INC COMMON STOCK   2000-03-16 2015-12-14
5. PROCTER & GAMBLE CO   2006-04-04 2015-12-14
2. PRUDENTIAL FINL INC   2013-05-01 2015-12-14
5. QUALCOMM INC   2013-09-24 2015-12-14
35.386 T ROWE PRICE SMALL CAP STOCK FD 65   2012-11-21 2015-12-14
90.975 T ROWE PRICE MID CAP VALUE FD INC   2012-11-07 2015-12-14
5. SPDR GOLD TRUST   2015-01-09 2015-12-14
158.658 LAUDUS INTERNATIONAL MARKETMASTERS   2010-11-22 2015-12-14
7. STARBUCKS CORP   2010-10-18 2015-12-14
5. STATE STR CORP   2012-08-07 2015-12-14
4. STRYKER CORP   2014-03-24 2015-12-14
10. UNITED TECHNOLOGIES CORP   2013-09-24 2015-12-14
34. VANGUARD REIT ETF   2014-10-17 2015-12-14
5. VERIZON COMMUNICATIONS   2013-03-01 2015-12-14
5. WELLS FARGO & CO NEW   2002-12-23 2015-12-14
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 300   409 -109
b 443   63 380
c 169   136 33
d 736   1,102 -366
e 18   35 -17
511   413 98
362   303 59
255   164 91
600   592 8
187   159 28
495   184 311
989   1,026 -37
983   1,059 -76
525   426 99
412   550 -138
305   213 92
484   346 138
270   175 95
369   343 26
2,489   2,150 339
638   648 -10
1,006   1,103 -97
512   530 -18
1,962   1,884 78
1,985   1,802 183
2,494   2,132 362
1,495   1,586 -91
218   170 48
4,958   4,788 170
233   232 1
263   140 123
       
216   124 92
292   134 158
186   152 34
178   159 19
961   1,000 -39
1,039   1,068 -29
629   648 -19
998   1,091 -93
1,001   853 148
1,011   1,065 -54
2,869   3,000 -131
1,631   782 849
26   26  
       
373   47 326
346   266 80
656   607 49
348   553 -205
410   288 122
867   995 -128
3,035   3,066 -31
       
725   371 354
451   266 185
226   107 119
1,124   1,540 -416
31   32 -1
5,555   6,305 -750
130   202 -72
363   547 -184
677   543 134
1,127   1,140 -13
2,262   2,380 -118
477   473 4
337   370 -33
3,529   3,337 192
542   259 283
298   305 -7
162   141 21
       
726   302 424
3   1 2
       
6,189   7,238 -1,049
2,547   2,288 259
3,707   3,995 -288
       
716   437 279
96     96
1     1
2,475   3,035 -560
593   78 515
663   620 43
428   227 201
560   223 337
482   261 221
237   86 151
488   846 -358
660   184 476
706   620 86
2,613   2,629 -16
653   684 -31
1,748   1,871 -123
408   257 151
483   376 107
495   473 22
401   274 127
1,508   1,333 175
388   277 111
566   648 -82
1,493   1,263 230
1,495   1,267 228
409   462 -53
3,527   3,323 204
290   69 221
460   248 212
404   339 65
4,046   3,712 334
3,433   3,165 268
467   465 2
288   118 170
209   214 -5
382   373 9
551   367 184
       
373   452 -79
202   155 47
323   375 -52
242   178 64
       
1,148   590 558
405   551 -146
       
673   764 -91
743   956 -213
348   610 -262
285   300 -15
1,288   1,401 -113
       
557   572 -15
565   629 -64
3,155   4,049 -894
1,254   1,385 -131
       
734   184 550
444   42 402
744   1,421 -677
542   326 216
307   236 71
610   737 -127
4,928   5,705 -777
3,835   4,251 -416
1,901   1,975 -74
388   472 -84
3,101   3,991 -890
376   190 186
347   284 63
318   326 -8
94   270 -176
159   517 -358
2,480   2,746 -266
504   557 -53
4,017   3,646 371
186   152 34
799   937 -138
389   291 98
161   119 42
231   343 -112
1,341   1,239 102
2,224   2,243 -19
509   585 -76
3,489   2,962 527
416   96 320
325   207 118
367   318 49
929   1,097 -168
2,633   2,511 122
227   232 -5
265   118 147
      4,099
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       -109
b       380
c       33
d       -366
e       -17
      98
      59
      91
      8
      28
      311
      -37
      -76
      99
      -138
      92
      138
      95
      26
      339
      -10
      -97
      -18
      78
      183
      362
      -91
      48
      170
      1
      123
       
      92
      158
      34
      19
      -39
      -29
      -19
      -93
      148
      -54
      -131
      849
       
       
      326
      80
      49
      -205
      122
      -128
      -31
       
      354
      185
      119
      -416
      -1
      -750
      -72
      -184
      134
      -13
      -118
      4
      -33
      192
      283
      -7
      21
       
      424
      2
       
      -1,049
      259
      -288
       
      279
      96
      1
      -560
      515
      43
      201
      337
      221
      151
      -358
      476
      86
      -16
      -31
      -123
      151
      107
      22
      127
      175
      111
      -82
      230
      228
      -53
      204
      221
      212
      65
      334
      268
      2
      170
      -5
      9
      184
       
      -79
      47
      -52
      64
       
      558
      -146
       
      -91
      -213
      -262
      -15
      -113
       
      -15
      -64
      -894
      -131
       
      550
      402
      -677
      216
      71
      -127
      -777
      -416
      -74
      -84
      -890
      186
      63
      -8
      -176
      -358
      -266
      -53
      371
      34
      -138
      98
      42
      -112
      102
      -19
      -76
      527
      320
      118
      49
      -168
      122
      -5
      147
       
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 7,753
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 60,998 1,966,152 0.031024
2013 49,317 1,218,486 0.040474
2012 25,502 961,112 0.026534
2011 27,285 512,649 0.053224
2010 4,079 533,264 0.007649
2
Total of line 1, column (d) .....................
20.158905
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
0.031781
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
580,011
5
Multiply line 4 by line 3......................
5
18,433
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
82
7
Add lines 5 and 6........................
7
18,515
8
Enter qualifying distributions from Part XII, line 4.............
8
99,881
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 82
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 82
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 82
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 387
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.............. 7 387
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 10 305
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet84 RefundedBullet 11 221
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 TRUSTEE
    1     		7,257    
    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
    584,513
    b
    Average of monthly cash balances.......................
    1b
    4,331
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    588,844
    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
    588,844
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,833
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    580,011
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    29,001
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    29,001
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    82
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    82
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    28,919
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,800
    5
    Add lines 3 and 4............................
    5
    30,719
    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
    30,719
    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
    99,881
    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
    99,881
    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
    82
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    99,799
    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 30,719
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 85,049
    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$ 99,881
    a Applied to 2014, but not more than line 2a 85,049
    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..... 14,832
    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 ..........     		15,887
    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:
    O'TOOLE LAW FIRM ATTN MCKEE
    209 N MAIN
    PLENTY WOOD,MT59254
    (406) 765-1630
    bThe form in which applications should be submitted and information and materials they should include:
    OBTAIN OFFICIAL APPLICATION FROM ABOVE ADDRESS
    cAny submission deadlines:
    MUST BE SUBMITTED BY 7-15 OF EACH YEAR FOR THE FOLLOWING SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO UNDERGRADUATES WHO RESIDE IN SHERIDAN, ROOSEVELT, OR DANIELS COUNTY, MT.
    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
    DAKOTA COLLEGE
    105 SIMRALL BLVD
    BOTTINEAU,ND58318     		NONE PC SCHOLARSHIP 4,200
    CONCORDIA COLLEGE MOORHEAD
    901 8TH ST S
    MOORHEAD,MN56562     		NONE PC SCHOLARSHIP 8,400
    MILES COMMUNITY COLLEGE
    2715 DICKINSON STREET
    MILES CITY,MT59301     		NONE PC SCHOLARSHIP 5,200
    DICKINSON STATE UNIVERSITY
    291 CAMPUS DRIVE
    DICKINSON,ND58601     		NONE PC SCHOLARSHIP 4,200
    NORTH DAKOTA STATE UNIVERSITY
    1340 ADMINISTRATION AVE
    FARGO,ND58102     		NONE PC SCHOLARSHIPS 7,400
    MINOT STATE UNIVERSITY
    500 UNIVERSITY AVENUE WEST
    MINOT,ND58707     		NONE PC SCHOLARSHIP 3,200
    UNIVERSITY OF NORTH DAKOTA
    264 CENTENNIAL DRIVE STOP 7144
    GRAND FORKS,ND58202     		NONE PC SCHOLARSHIPS 7,400
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PC SCHOLARSHIP 9,400
    FLATHEAD COMMUNITY COLLEGE
    777 GRANDVIEW DR
    KALISPELL,MT59901     		NONE PC SCHOLARSHIPS 3,200
    MONTANA STATE UNIVERSITY - BILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE PC SCHOLARSHIP 1,700
    UNIVERSITY OF MONTANA MISSOULA
    32 CAMPUS DRIVE STOP 1
    MISSOULA,MT59812     		NONE PC SCHOLARSHIP 3,200
    MONTANA STATE UNIVERSITY BOZEMAN
    PO BOX 172000
    BOZEMAN,MT59717     		NONE PC SCHOLARSHIP 34,350
    GONZAGA UNIVERSITY
    502 E BOONE AVE
    SPOKANE,WA99202     		NONE PC SCHOLARSHIPS 4,200
    Total .................................bullet 3a 96,050
    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 7,033  
    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 7,753  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aROYALTY INCOME     		    14 106  
    b2014 FALL SEMESTER     14 1,800  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   16,692  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1316,692
    (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:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES BARCLAYS TIP BOND 4,351 4,387
    ISHARES IBOXX HY CORP BOND    
    ISHARES JP MORGAN EM BOND FD    
    ISHARES S&P PREF STK INDX 6,713 6,605
    OPPENHEIMER SR FLOAT RATE 6,806 6,232
    LOOMIS SAYLES STRATEGIC ALPHA 8,930 8,298
    BAIRD AGGREGATE BOND FD INSTL 35,200 34,601
    FEDERATED INST HI YLD BD FD 2,795 2,505
    GOLDMAN SACHS COMM STRAT INS 842 407
    T ROWE PRICE INTL BOND FUND    
    TCW EMERGING MARKETS INCOME FU    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APACHE CORP    
    APPLE INC 169 3,474
    ECOLAB INC 1,394 1,716
    EXELON CORPORATION    
    EXXON MOBIL CORP 1,262 1,715
    GENERAL ELEC 1,965 2,648
    GOOGLE INC    
    ILLINOIS TOOL WKS    
    INTEL CORP 467 792
    JP MORGAN CHASE & CO 1,278 1,981
    JOHNSON & JOHNSON    
    MICROSOFT CORP 1,004 1,942
    ORACLE CORPORATION 615 804
    PEPSICO INC 762 1,099
    PFIZER INC 1,264 1,356
    PRAXAIR INC 582 819
    PROCTER & GAMBLE CO 699 953
    QUALCOMM INC 843 1,000
    STATE STR CORP 620 995
    TARGET CORPORATION 572 1,452
    UNITED PARCEL SERVICE INC 426 481
    UNITED TECHNOLOGIES 1,453 1,441
    VERIZON COMMUNICATIONS 703 1,063
    WAL MART STORES 632 552
    WELLS FARGO & CO 823 1,903
    SCHLUMBERGER LTD 763 1,116
    NUVEEN REAL ESTATE 4,191 5,901
    ISHARES MSCI EMERGING MKTS    
    GOLDMAN SACHS 317 360
    MASTERCARD INC 456  
    MCDONALDS 720 1,418
    CITIGROUP INC 992 1,242
    DISNEY WALT CO 1,012 2,207
    STARBUCKS CORP 523 2,281
    IPATH DOW JONES UBS COMMODITY    
    LAUDUS INTL MARKETMASTERS FD 7,922 8,903
    EXPRESS SCRIPTS    
    PRUDENTIAL FINANCIAL 297 407
    SCOUT INTERNATIONAL FUND    
    BOEING 303 578
    CVS CAREMARK CORP 579 1,271
    DOW CHEM CO 157 206
    EMERSON ELEC CO 1,311 957
    GILEAD SCIENCES INC 345 810
    MARATHON OIL CORP    
    P N C FINANICAL SERVICES GROUP 1,583 1,620
    ACCENTURE PLC 801 1,045
    ACE LTD 587 935
    COVIDIEN PLC    
    T ROWE PRICE SC STOCK 3,736 4,122
    ANADRAKO PETROLEUM CORP 1,240 680
    BANK OF AMERICA CORP 678 842
    BAXTER INTERNATIONAL INC    
    LOWES CO INC 1,142 2,281
    ROCKWELL AUTOMATION INC    
    ABERDEEN FDS EMRGN MKT    
    ROBECO BOSTON PARTNERS L S RSR 12,957 14,759
    T ROWE PRICE MID CAP GROWTH 10,177 12,793
    T ROWE PRICE MID CAP VALUE FD 6,073 6,145
    VANGUARD REIT ETF    
    LS OPPORTUNITY    
    T ROWE PRICE INTL GR&INC FD 9,500 8,215
    VANGUARD 500 INDEX ADMIRAL 2,335 2,525
    ABBVIE INC 1,437 1,481
    ALLERGAN INC    
    AT&T INC 753 757
    CALIFORNIA RESOURCES CORP    
    CAPITAL ONE FINANCIAL CORP 793 722
    HEWLETT PACKARD CO    
    MORGAN STANLEY 600 636
    NRG ENERGY INC    
    OCCIDENTAL PETROLEUM CORPORATI 1,289 947
    SOUTHWEST AIRLINES CO    
    STRYKER CORP 716 836
    XILINX INC 1,059 1,174
    INVESCO LTD 718 670
    VARIOUS MINERAL INTEREST(S) 57 134,153
    MOHAWK INDS INC 1,083 1,515

    TY 2015 LegalFeesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - INCOME (ALLOCABLE 1,605     1,605


    TY 2015 OtherAssetsSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    3M CO   981 904
    ALPHABET INC CL A   354 1,556
    ALPHABET INC CL C   168 759
    CAMBIAR INTL EQUITY FUND INS   3,000 3,013
    CARDINAL HEALTH INC   1,669 1,696
    CAUSEWAY EMERGING MARKETS INST   6,500 5,099
    CISCO SYSTEMS INC   1,125 1,086
    COSTCO WHSL CORP   1,029 1,131
    E O G RES INC   552 425
    FIDELITY INVT TR AD INTL DISCI   13,000 12,819
    GLENMEDE SC EQUITY PORT ADV   1,500 1,369
    ISHARES CORE MSCI EAFE ETF   5,193 5,003
    JOHN HANCOCK II GL ABS RE I   1,350 1,257
    JOHNSON JOHNSON   1,750 2,260
    MEDTRONIC PLC   1,766 1,769
    MYLAN NV   648 595
    NIKE INC   499 625
    PRUDENTIAL SHORT DUR HI YLD IN   10,250 9,759
    SEMPRA ENERGY   1,088 940
    SPDR GOLD SHARES ETF   794 710
    T ROWE PRICE GROWTH STOCK #40   1,000 936
    THE PRICELINE GROUP INC   1,229 1,275
    VANGUARD MID CAP INDEX ADM   2,500 2,413
    ACCRUED INCOME   128 128


    TY 2015 OtherDecreasesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Description Amount
    COST BASIS ADJUSTMENT 66


    TY 2015 OtherExpensesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER ROYAL. EXPENSES 32 32   0


    TY 2015 OtherIncomeSchedule2
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 106 106  
    2014 FALL SEMESTER SCHOLARSHIP RETURNED 1,800 0  


    TY 2015 TaxesSchedule
    Name:
    JOHN W MCKEE EDUCATIONAL TRUST 50255290
    EIN:
    23-7058723
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 88 88   0
    FEDERAL ESTIMATES - PRINCIPAL 256 0   0
    FOREIGN TAXES ON NONQUALIFIED 6 6   0