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 07-01-2015 , and ending 06-30-2016
Name of foundation
JANE BUTTREY MEMORIAL TRUST 50212080
 
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

81-6014941
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$1,274,339J 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... 30,126 29,734  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -5,824
b Gross sales price for all assets on line 6a 465,029
7 Capital gain net income (from Part IV, line 2)... 0
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........ 24,302 29,734  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,670 11,403   1,267
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 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 1,350 350   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.......... 15,525 11,758 0 2,767
25 Contributions, gifts, grants paid....... 64,188 64,188
26 Total expenses and disbursements. Add lines 24 and 25 79,713 11,758 0 66,955
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -55,411
b Net investment income (if negative, enter -0-) 17,976
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.............   39 39
2 Savings and temporary cash investments......... 28,682 40,935 40,935
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   738 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)....... 881,584 Click to see attachment680,870 761,375
c Investments—corporate bonds (attach schedule)....... 322,541 Click to see attachment250,603 255,727
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 attachment205,690 216,263
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) 1,233,545 1,178,137 1,274,339
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........ 1,233,545 1,178,137
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)..... 1,233,545 1,178,137
31 Total liabilities and net assets/fund balances (see instructions). 1,233,545 1,178,137
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,233,545
2
Enter amount from Part I, line 27a .....................
2
-55,411
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3
4
Add lines 1, 2, and 3 ..........................
4
1,178,137
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,178,137
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 735.835 ABERDEEN FDS EMRGN   2013-05-08 2015-07-01
b 644.33 GOLDMAN SACHS COMM STRAT INS     2015-07-01
c 25. INTEL CORP   2013-06-12 2015-07-01
d 10. MERCK AND CO INC   2013-01-23 2015-07-01
e 456.204 NUVEEN STRATEGIC INCOME I   2014-10-24 2015-07-01
35. PG E CORP   2011-05-18 2015-07-01
20. PRUDENTIAL FINL INC   2013-05-08 2015-07-01
296.824 SCOUT INTERNATIONAL FUND     2015-07-01
20. STARBUCKS CORP   2013-11-27 2015-07-01
24. SPDR GOLD TRUST   2015-01-02 2015-07-08
739.098 ABERDEEN FDS EMRGN   2013-05-08 2015-07-15
5. BOEING CO   2013-04-12 2015-07-15
10. CVS CORP COM   2012-07-13 2015-07-15
10. CITIGROUP INC   2013-03-01 2015-07-15
2. GOLDMAN SACHS GROUP INC   2013-05-01 2015-07-15
20. INTEL CORP   2013-06-12 2015-07-15
10. MERCK AND CO INC   2013-01-23 2015-07-15
10. PG E CORP   2011-05-18 2015-07-15
1.434 T ROWE PRICE MID CAP VALUE FD INC   2013-11-27 2015-07-15
82.318 T ROWE PRICE MID CAP VALUE FD INC   2014-10-15 2015-07-15
146.37 SCOUT INTERNATIONAL FUND   2012-12-03 2015-07-15
4.304 VANGUARD 500 INDEX ADMIRAL   2014-09-05 2015-07-15
21.374 VANGUARD 500 INDEX ADMIRAL   2014-02-06 2015-07-15
383.73 ABERDEEN FDS EMRGN   2013-05-08 2015-07-29
16. BAXALTA INC W I   2013-05-08 2015-07-29
19. BAXTER INTL INC   2013-05-08 2015-07-29
25. ILLINOIS TOOL WKS INC   2013-09-24 2015-07-29
40. ISHARES JPMORGAN USD EMERG ETF     2015-07-29
20. MERCK AND CO INC   2013-01-23 2015-07-29
388.889 NUVEEN HIGH INCOME BOND FD CL I   2014-10-06 2015-07-29
420.576 NUVEEN HIGH INCOME BOND FD CL I   2013-03-07 2015-07-29
691.244 NUVEEN STRATEGIC INCOME I     2015-07-29
172.592 T ROWE PRICE MID CAP VALUE FD INC     2015-07-29
45.263 SCOUT INTERNATIONAL FUND   2012-12-03 2015-07-29
25. STARBUCKS CORP     2015-07-29
24. SPDR GOLD TRUST   2015-01-02 2015-08-07
416.667 ABERDEEN FDS EMRGN   2013-05-08 2015-08-31
35. ISHARES JPMORGAN USD EMERG ETF   2011-02-02 2015-08-31
10. MERCK AND CO INC   2013-01-23 2015-08-31
10. PRUDENTIAL FINL INC   2013-05-08 2015-08-31
80.593 SCOUT INTERNATIONAL FUND   2012-12-03 2015-08-31
40. VANGUARD GLBL EX US REAL ESTATE ETF   2014-12-02 2015-08-31
24. SPDR GOLD TRUST   2015-01-02 2015-09-04
25. ISHARES BARCLAYS TIPS BOND ETF     2015-09-08
5. MOHAWK INDS INC COM   2014-08-28 2015-09-08
322.581 NUVEEN HIGH INCOME BOND FD CL I     2015-09-08
234.082 NUVEEN STRATEGIC INCOME I   2014-11-13 2015-09-08
10. PEPSICO INC   2007-03-30 2015-09-08
20. TARGET CORP   2013-11-27 2015-09-08
15. VERIZON COMMUNICATIONS   2001-02-27 2015-09-08
20. CHEVRONTEXACO CORP     2015-09-09
5. CHEVRONTEXACO CORP   2015-03-12 2015-09-09
223.614 ABERDEEN FDS EMRGN   2013-05-08 2015-09-29
796.178 GOLDMAN SACHS COMM STRAT INS     2015-09-29
30. MERCK AND CO INC   2013-01-23 2015-09-29
950.145 NUVEEN STRATEGIC INCOME I     2015-09-29
478.012 P I M C O FDS TOTAL RETURN FD     2015-09-29
1000.28 TCW EMERGING MARKETS INCOME FUND     2015-09-29
35000. TOTAL CAPITAL 3.125% 10/02/15   2009-09-30 2015-10-02
24. SPDR GOLD TRUST   2015-01-02 2015-10-05
209.38 ABERDEEN FDS EMRGN   2013-05-08 2015-10-06
623.053 GOLDMAN SACHS COMM STRAT INS     2015-10-06
20. ILLINOIS TOOL WKS INC   2013-09-24 2015-10-06
335.571 NUVEEN HIGH INCOME BOND FD CL I   2013-03-01 2015-10-06
10. PG E CORP   2011-05-18 2015-10-06
517.222 P I M C O FDS TOTAL RETURN FD     2015-10-06
524.465 SCOUT INTERNATIONAL FUND   2012-12-03 2015-10-06
59. BAXALTA INC W I   2013-05-08 2015-10-15
56. BAXTER INTL INC   2013-05-08 2015-10-16
404.858 ABERDEEN FDS EMRGN   2013-05-08 2015-10-22
25. IPATH DOW JONES UBS COMMODITY   2013-04-12 2015-10-22
1340.824 DRIEHAUS ACTIVE INCOME FUND     2015-10-22
330.251 NUVEEN HIGH INCOME BOND FD CL I     2015-10-22
10. STARBUCKS CORP   2010-10-18 2015-10-22
11. VERIZON COMMUNICATIONS   2001-02-27 2015-10-22
15. WELLS FARGO & CO NEW   2003-01-23 2015-10-22
24. SPDR GOLD TRUST   2015-01-02 2015-11-04
87. HP INC     2015-11-09
87. HEWLETT PACKARD ENTERPRIS WI     2015-11-09
209.03 ABERDEEN FDS EMRGN   2013-05-08 2015-11-16
1449.223 NUVEEN HIGH INCOME BOND FD CL I     2015-11-16
49. VANGUARD GLBL EX US REAL ESTATE ETF   2014-12-02 2015-11-16
1248.58 ABERDEEN FDS EMRGN     2015-11-24
5. APPLE COMPUTER INC   2013-06-12 2015-11-24
20. EXPRESS SCRIPTS HLDGS C   2011-03-07 2015-11-24
10. UNITED TECHNOLOGIES CORP   2004-07-15 2015-11-24
24. SPDR GOLD TRUST   2015-01-02 2015-12-03
1. ALPHABET INC CL C   2012-01-20 2015-12-08
100. IPATH DOW JONES UBS COMMODITY     2015-12-08
10. EMERSON ELEC CO   2014-07-24 2015-12-08
2. GOLDMAN SACHS GROUP INC   2013-05-01 2015-12-08
10. LOWES COMPANIES INC   2014-08-28 2015-12-08
10. MORGAN STANLEY DEAN WITTER & CO   2014-07-24 2015-12-08
52. NRG ENERGY INC   2015-04-09 2015-12-08
10. PRAXAIR INC   2003-12-22 2015-12-08
114.207 T ROWE PRICE SMALL CAP STOCK FD 65     2015-12-08
10. SPDR GOLD TRUST     2015-12-08
657.318 LAUDUS INTERNATIONAL MARKETMASTERS     2015-12-08
20. STARBUCKS CORP   2010-10-18 2015-12-08
10. WELLS FARGO & CO NEW   2003-01-23 2015-12-08
10. E O G RES INC     2016-01-11
10. EMERSON ELEC CO   2014-07-24 2016-01-11
35. ORACLE CORPORATION   2007-01-31 2016-01-11
25. PFIZER INC COMMON STOCK   2001-07-17 2016-01-11
14. SPDR GOLD TRUST     2016-01-11
509.165 LAUDUS INTERNATIONAL MARKETMASTERS     2016-01-11
15. STATE STR CORP   2012-07-13 2016-01-11
25. GENERAL ELEC CO   2014-07-24 2016-01-20
10. ISHARES BARCLAYS TIPS BOND ETF   2015-07-01 2016-01-20
25. ISHARES BARCLAYS TIPS BOND ETF   2013-04-23 2016-01-20
100. MACYS INC   2013-11-21 2016-01-20
333.333 OPPENHEIMER SENIOR FLOATING RATE I     2016-01-20
20. ORACLE CORPORATION   2007-01-31 2016-01-20
524.659 LAUDUS INTERNATIONAL MARKETMASTERS     2016-01-20
20. INVESCO LTD   2014-07-24 2016-01-20
50. ISHARES S P U S PREFERRED STOCK ETF   2012-03-14 2016-01-21
334.672 OPPENHEIMER SENIOR FLOATING RATE I   2013-03-07 2016-01-21
267.953 LAUDUS INTERNATIONAL MARKETMASTERS   2013-02-22 2016-01-21
276.549 LAUDUS INTERNATIONAL MARKETMASTERS   2013-02-22 2016-02-12
25. ANADARKO PETE CORP   2015-03-12 2016-02-26
21.866 ROWE T PRICE MID-CAP GROWTH FD INC   2015-07-29 2016-02-26
130.822 LAUDUS INTERNATIONAL MARKETMASTERS     2016-02-26
10. STARBUCKS CORP   2010-10-18 2016-02-26
10. UNITED TECHNOLOGIES CORP     2016-02-26
15. XILINX INC     2016-02-26
5. ACCENTURE PLC CL A   2012-05-02 2016-02-26
20. MYLAN NV   2015-04-07 2016-02-26
261.78 LAUDUS INTERNATIONAL MARKETMASTERS   2013-03-01 2016-02-29
10. VERIZON COMMUNICATIONS   2001-02-27 2016-02-29
27. MYLAN NV     2016-02-29
80. EMERSON ELEC CO     2016-03-17
35. XILINX INC     2016-04-06
67. INVESCO LTD     2016-04-08
.8979 CALIFORNIA RESOURCES CORP   2014-07-24 2016-04-29
3. DISNEY WALT CO   2013-04-23 2016-05-02
6. GOLDMAN SACHS GROUP INC   2013-05-01 2016-05-02
4. JOHNSON & JOHNSON   2004-03-31 2016-05-02
5. LOWES COMPANIES INC   2014-07-01 2016-05-02
25.589 ROWE T PRICE MID-CAP GROWTH FD INC   2013-11-27 2016-05-02
8.522 ROWE T PRICE MID-CAP GROWTH FD INC   2015-07-29 2016-05-02
483.793 LAUDUS INTERNATIONAL MARKETMASTERS     2016-05-02
5. STARBUCKS CORP   2010-10-18 2016-05-02
48.163 ROWE T PRICE MID-CAP GROWTH FD INC     2016-05-05
394.376 LAUDUS INTERNATIONAL MARKETMASTERS   2013-01-11 2016-05-05
5. STARBUCKS CORP   2010-10-18 2016-05-05
5. TARGET CORP   2013-03-01 2016-05-05
43.029 GOLDMAN SACHS COMM STRAT INS     2016-05-19
34.36 ROWE T PRICE MID-CAP GROWTH FD INC     2016-05-19
39.144 T ROWE PRICE SMALL CAP STOCK FD 65   2012-11-27 2016-05-19
5. TARGET CORP   2013-03-01 2016-05-19
3. ECOLAB INC   2014-07-24 2016-05-23
5. JOHNSON & JOHNSON   2004-03-31 2016-05-23
68.018 ROWE T PRICE MID-CAP GROWTH FD INC   2013-04-23 2016-05-23
5. TARGET CORP   2013-03-01 2016-05-23
5. APPLE COMPUTER INC   2013-06-12 2016-06-02
5. DISNEY WALT CO   2013-04-23 2016-06-02
3. ECOLAB INC   2014-07-24 2016-06-02
3. JOHNSON & JOHNSON   2004-03-31 2016-06-02
33.179 ROWE T PRICE MID-CAP GROWTH FD INC   2013-04-23 2016-06-02
124.039 T ROWE PRICE SMALL CAP STOCK FD 65   2012-11-27 2016-06-02
10. STARBUCKS CORP   2010-10-18 2016-06-02
5. ACCENTURE PLC CL A   2012-05-02 2016-06-02
.5 CALIFORNIA RES CORP     2016-06-09
148.957 CAUSEWAY EMERGING MARKETS INSTL   2015-07-01 2016-06-09
2. DISNEY WALT CO   2013-04-23 2016-06-09
2. ECOLAB INC   2014-07-24 2016-06-09
3. JOHNSON & JOHNSON   2004-03-31 2016-06-09
19.683 ROWE T PRICE MID-CAP GROWTH FD INC   2013-04-23 2016-06-09
5. STATE STR CORP   2012-07-13 2016-06-09
3. ACCENTURE PLC CL A   2012-05-02 2016-06-09
3. DISNEY WALT CO   2013-04-23 2016-06-14
2. ECOLAB INC   2014-07-24 2016-06-14
3. JOHNSON & JOHNSON   2004-03-31 2016-06-14
2. MOHAWK INDS INC COM   2014-07-24 2016-06-14
5. PG E CORP   2011-05-18 2016-06-14
33.688 ROWE T PRICE MID-CAP GROWTH FD INC   2013-04-23 2016-06-14
25.038 T ROWE PRICE SMALL CAP STOCK FD 65   2012-11-27 2016-06-14
6. VERIZON COMMUNICATIONS   2009-11-19 2016-06-14
5. ACCENTURE PLC CL A   2012-05-02 2016-06-14
2. PRAXAIR INC   2003-12-22 2016-06-16
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 10,000   12,119 -2,119
b 2,455   3,680 -1,225
c 750   622 128
d 576   427 149
e 5,000   5,196 -196
1,724   1,593 131
1,787   1,320 467
10,042   9,922 120
1,075   819 256
1   1  
10,000   12,173 -2,173
734   441 293
1,098   480 618
564   424 140
425   286 139
592   498 94
583   427 156
511   455 56
43   44 -1
2,442   2,500 -58
4,980   4,788 192
837   800 37
4,159   3,500 659
5,050   6,320 -1,270
497   509 -12
730   744 -14
2,231   1,938 293
4,361   4,267 94
1,173   854 319
3,134   3,500 -366
3,390   3,903 -513
7,514   7,868 -354
5,043   5,041 2
1,499   1,481 18
1,431   616 815
1   1  
4,983   6,863 -1,880
3,783   3,721 62
541   427 114
808   660 148
2,493   2,636 -143
2,049   2,261 -212
1   1  
2,761   2,844 -83
1,018   729 289
2,503   2,991 -488
2,500   2,662 -162
921   635 286
1,560   1,290 270
684   692 -8
1,508   2,186 -678
377   517 -140
2,513   3,683 -1,170
2,516   4,657 -2,141
1,451   1,281 170
9,939   10,774 -835
5,000   5,245 -245
7,502   8,482 -980
35,000   34,947 53
1   1  
2,519   3,448 -929
2,056   3,516 -1,460
1,713   1,550 163
2,507   3,104 -597
529   455 74
5,457   5,593 -136
16,085   17,155 -1,070
1,924   1,876 48
1,884   2,194 -310
5,053   6,668 -1,615
612   984 -372
13,636   14,844 -1,208
2,500   2,966 -466
614   138 476
503   507 -4
814   357 457
1   1  
1,211   1,406 -195
1,229   1,545 -316
2,513   3,443 -930
10,710   12,667 -1,957
2,530   2,769 -239
15,183   18,680 -3,497
594   311 283
1,727   1,092 635
973   454 519
1   1  
761   292 469
2,173   3,834 -1,661
479   673 -194
368   286 82
771   526 245
342   335 7
512   1,273 -761
1,086   379 707
4,973   4,548 425
1,028   1,182 -154
14,809   14,373 436
1,245   275 970
550   238 312
636   932 -296
432   673 -241
1,208   598 610
766   968 -202
1,470   1,579 -109
9,964   10,726 -762
862   657 205
691   651 40
1,104   1,119 -15
2,760   3,050 -290
3,805   5,094 -1,289
2,490   2,787 -297
673   342 331
9,790   10,970 -1,180
556   770 -214
1,897   1,960 -63
2,493   2,791 -298
5,003   5,555 -552
5,047   5,733 -686
952   1,973 -1,021
1,506   1,799 -293
2,499   2,711 -212
582   138 444
971   435 536
724   623 101
505   325 180
945   1,184 -239
5,000   5,403 -403
512   461 51
1,238   1,585 -347
4,376   5,263 -887
1,642   1,444 198
1,984   2,493 -509
2   2  
313   187 126
1,000   857 143
449   202 247
381   242 139
1,890   1,914 -24
630   701 -71
10,077   9,878 199
285   69 216
3,494   3,359 135
8,002   7,994 8
282   69 213
391   321 70
496   947 -451
2,491   2,198 293
1,491   1,383 108
335   321 14
351   331 20
562   252 310
4,986   4,254 732
340   321 19
487   311 176
492   312 180
355   331 24
342   151 191
2,517   2,075 442
5,034   4,381 653
545   138 407
592   325 267
9   8 1
1,490   1,793 -303
195   125 70
241   221 20
350   151 199
1,495   1,231 264
302   219 83
357   195 162
294   187 107
238   221 17
351   151 200
383   261 122
314   228 86
2,493   2,107 386
998   884 114
317   172 145
590   325 265
223   76 147
      17,675
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       -2,119
b       -1,225
c       128
d       149
e       -196
      131
      467
      120
      256
       
      -2,173
      293
      618
      140
      139
      94
      156
      56
      -1
      -58
      192
      37
      659
      -1,270
      -12
      -14
      293
      94
      319
      -366
      -513
      -354
      2
      18
      815
       
      -1,880
      62
      114
      148
      -143
      -212
       
      -83
      289
      -488
      -162
      286
      270
      -8
      -678
      -140
      -1,170
      -2,141
      170
      -835
      -245
      -980
      53
       
      -929
      -1,460
      163
      -597
      74
      -136
      -1,070
      48
      -310
      -1,615
      -372
      -1,208
      -466
      476
      -4
      457
       
      -195
      -316
      -930
      -1,957
      -239
      -3,497
      283
      635
      519
       
      469
      -1,661
      -194
      82
      245
      7
      -761
      707
      425
      -154
      436
      970
      312
      -296
      -241
      610
      -202
      -109
      -762
      205
      40
      -15
      -290
      -1,289
      -297
      331
      -1,180
      -214
      -63
      -298
      -552
      -686
      -1,021
      -293
      -212
      444
      536
      101
      180
      -239
      -403
      51
      -347
      -887
      198
      -509
       
      126
      143
      247
      139
      -24
      -71
      199
      216
      135
      8
      213
      70
      -451
      293
      108
      14
      20
      310
      732
      19
      176
      180
      24
      191
      442
      653
      407
      267
      1
      -303
      70
      20
      199
      264
      83
      162
      107
      17
      200
      122
      86
      386
      114
      145
      265
      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 -5,824
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 63,122 1,338,988 0.047142
2013 64,455 1,324,741 0.048655
2012 62,843 1,283,744 0.048953
2011 62,300 1,229,707 0.050662
2010 42,508 1,264,809 0.033608
2
Total of line 1, column (d) .....................
20.22902
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
0.045804
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,246,752
5
Multiply line 4 by line 3......................
5
57,106
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
180
7
Add lines 5 and 6........................
7
57,286
8
Enter qualifying distributions from Part XII, line 4.............
8
66,955
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 1 180
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........................... 3 180
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- ..... 5 180
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 716
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.............. 7 716
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 10 536
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet180 RefundedBullet 11 356
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     		12,670    
    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
    1,230,424
    b
    Average of monthly cash balances.......................
    1b
    35,314
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,265,738
    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
    1,265,738
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,986
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,246,752
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    62,338
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    62,338
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    180
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    180
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    62,158
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    62,158
    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
    62,158
    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
    66,955
    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
    66,955
    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
    180
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    66,775
    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 62,158
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    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...... 225
    d From 2013...... 0
    e From 2014...... 0
    fTotal of lines 3a through e........ 225
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 66,955
    a Applied to 2014, but not more than line 2a 0
    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..... 62,158
    e Remaining amount distributed out of corpus 4,797
    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 5,022
    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 ..........     		0
    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 ......     		5,022
    10 Analysis of line 9:
    a Excess from 2011.... 0
    b Excess from 2012.... 225
    c Excess from 2013.... 0
    d Excess from 2014.... 0
    e Excess from 2015.... 4,797
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    UNIVERSITY OF MONTANA
    32 CAMPUS DRIVE
    MISSOULA,MT59812     		NONE PC GENERAL OPERATING 13,000
    MONTANA STATE UNIVERSITY - BOZEMAN
    PO BOX 174160
    BOZEMAN,MT59717     		NONE PC GENERAL OPERATING 13,000
    MONTANA STATE UNIVERSITY - NORTHERN
    PO BOX 7751
    HAVRE,MT59501     		NONE PC GENERAL OPERATING 6,500
    MONTANA STATE UNIVERSITY - BILLINGS
    1500 NORTH 30TH STREET
    BILLINGS,MT59101     		NONE PC GENERAL OPERATING 6,500
    UNIVERSITY OF GREAT FALLS
    1301 20TH STREET SOUTH
    GREAT FALLS,MT59405     		NONE PC GENERAL OPERATING 2,438
    CARROLL COLLEGE
    1601 NORTH BENTON AVENUE
    HELENA,MT59625     		NONE PC GENERAL OPERATING 3,250
    ST STEPHEN'S EPISCOPAL
    SCHOOL
    PO BOX 1868
    AUSTIN,TX78767     		NONE PC GENERAL OPERATING 3,250
    ST EDWARD'S UNIVERSITY
    3001 SOUTH CONGRESS AVE
    AUSTIN,TX78704     		NONE PC GENERAL OPERATING 3,250
    EPISCOPAL THEOLOGICAL SEMINARY OF THE SW
    PO BOX 2247
    AUSTIN,TX78768     		NONE PC GENERAL OPERATING 3,250
    MONTANA TECH-UNIVERSITY OF MT
    1300 WEST PARK STREET
    BUTTE,MT59701     		NONE PC GENERAL OPERATING 3,250
    UNIVERSITY OF MONTANA WESTERN
    710 SOUTH ATLANTIC
    DILLION,MT59725     		NONE PC GENERAL OPERATING 3,250
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE PC GENERAL OPERATING 3,250
    Total .................................bullet 3a 64,188
    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 30,126  
    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 -5,824  
    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)..   24,302  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1324,302
    (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:
    JANE BUTTREY MEMORIAL TRUST 50212080
    EIN:
    81-6014941
    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:
    JANE BUTTREY MEMORIAL TRUST 50212080
    EIN:
    81-6014941
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CISCO SYSTEMS 2.900 11/17/14 6,873 7,115
    BOEING CO 3.750 11/20/16 25,000 25,279
    TARGET CORP 3.875 7/15/20 40,640 43,687
    TOTAL CAPITAL SA 3.125 10/2/15    
    NUVEEN HIGH INCOME BD FD    
    ISHARES BARCLAYS TIPS BD FD 23,590 25,084
    ISHARES JPMORGAN EM MKT BD FD    
    BAIRD AGGREGATE BD FD 77,000 78,912
    FEDERATED INST HI YLD BD FD 30,000 29,173
    BAXTER INTERNATIONAL 1.850% 6/    
    NUVEEN STRATEGIC INCOME I    
    PRUDENTIAL SHORT DUR HI YLD IN 47,500 46,477
    TCW EMERGIN MARKETS INCOME FUN    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST 50212080
    EIN:
    81-6014941
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 8,033 12,810
    BOEING CO 4,714 6,494
    CITIGROUP INC 4,665 4,663
    EXXON MOBIL CORP 3,421 8,530
    GENERAL ELECTRIC CO 6,247 8,185
    INTEL CORP 2,116 2,788
    JOHNSON & JOHNSON 3,633 8,734
    MICROSOFT CORP 1,126 7,164
    ORACLE CORPORATION 1,025 2,456
    PEPSICO INC 4,197 8,475
    PFIZER INC 4,696 6,162
    PRAXAIR INC 1,857 5,507
    QUALCOMM INC 6,798 5,357
    STARBUCKS CORP 1,581 6,569
    TARGET CORPORATION 5,721 6,284
    UNITED TECHNOLOGIES CORP 2,626 6,461
    VERIZON COMMUNICATIONS INC 2,666 5,249
    WAL MART STORES INC 2,204 2,848
    WELLS FARGO & CO 3,619 7,336
    SCHLUMBERGER LTD 3,581 4,745
    GOOGLE INC CL A    
    JP MORGAN CHASE 4,420 6,214
    ISHARES MSCI EAFE INDEX 38,840 40,474
    DISNEY WALT CO 4,488 7,043
    GOLDMAN SACHS GROUP INC    
    MASTERCARD INC 4,408 7,485
    IPATH DOW JONES UBS COMMODITY    
    ISHARES S & P PREF STK INDX    
    CHERVON CORP    
    EXPRESS SCRIPTS HLDGS    
    P G E CORP 2,177 2,876
    PRUDENTIAL FINANCIAL INC 1,650 1,784
    DRIEHAUS ACTIVE INCOME FUND    
    EMERSON ELEC CO    
    ACCENTURE PLC CL A 2,407 4,192
    BAXTER INTL INC 25,214 25,139
    CVS CAREMARK CORP    
    MERCK AND CO INC    
    STATE STR CORP 2,497 3,073
    ABERDEEN FDS EMRGN MKT INSTL    
    LAUDUS INTL MARKETMASTERS FD    
    LOOMIS SAYLES STRATEGIC ALPHA 38,749 37,295
    OPPENHEIMER SR FLOAT RATE 21,771 20,393
    PIMCO TOTAL RETURN FD    
    ROBECO BOSTON PARTN L S RSRCH 44,313 50,618
    T ROWE PRICE MID-CAP GROWTH 22,798 28,681
    SCOUT INTERNATIONAL FD    
    SPDR GOLD TRUST    
    T ROWE PRICE SC STOCK 15,735 17,895
    T ROWE PRICE MID-CAP VALUE FD 35,021 38,170
    AT&T INC 2,779 3,500
    GOOGLE INC CL C    
    HEWLETT PACKARD CO    
    ILLINOIS TOOL WORKSINC    
    MACYS INC    
    INVESCO LTD    
    CAMBIAR INTL EQUITY FD 57,000 53,903
    CAUSEWAY EMERGING MKTS 15,707 13,800
    GOLDMAN SACHS COMM STRAT 2,911 1,550
    T ROWE PRICE INTL GR & INC FD 49,500 43,893
    ABBVIE INC 5,519 5,881
    ACE LTD    
    ANADARKO PETROLEUM CORP 2,940 1,491
    BANK OF AMERICA CORP 3,207 2,773
    CAPITAL ONE FINANCIAL CORP 3,023 2,350
    CARDINAL HEALTH INC 7,401 6,709
    E O G RES INC 2,948 2,669
    ECOLAB INC 4,403 4,744
    GLENMEDE SC EQUITY PORT ADV 13,250 13,160
    LOWES CO INC 4,041 6,729
    MEDTRONIC PLC 7,896 9,024
    MOHAWK INDS INC 3,001 4,364
    MORGAN STANLEY 2,929 2,338
    MYLAN NV    
    NEUBERGER BERMAN LONG SH INS 18,500 17,973
    NIKE INC 4,235 4,416
    NRG ENERGY INC    
    NUVEEN REAL ESTATE SECS I 30,000 32,904
    OCCIDENTAL PETROLEUM CORPORATI 5,764 4,760
    P N C FINANCIAL SERVICES GROUP 5,804 5,046
    STRYKER CORP 3,232 4,793
    VANGUARD 500 INDEX ADMIRAL 39,200 41,978
    VANGUARD GLBL EX US REAL ESTAT    
    VANGUARD MID CAP INDEX ADM 13,500 13,055
    VANGUARD REIT ETF 31,928 38,039
    XILINX INC 1,238 1,384

    TY 2015 InvestmentsOtherSchedule2
    Name:
    JANE BUTTREY MEMORIAL TRUST 50212080
    EIN:
    81-6014941
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FACEBOOK INC A AT COST 2,210 2,171
    FIDELITY INVT TR AD INTL DISCI AT COST 55,000 52,271
    GILEAD SCIENCES INC AT COST 2,946 2,669
    ISHARES CORE MSCI EMERGING MKT AT COST 17,891 16,778
    ISHARES S P U S PREFERRED STO AT COST 21,729 23,934
    ISHRS ED MSCI MIN VOL USA ETF AT COST 7,924 8,318
    JOHN HANCOCK II GL ABS RE I AT COST 12,200 11,462
    MCDONALDS CORP AT COST 3,465 3,610
    NUVEEN SMALL CAP VALUE FUND CL AT COST 5,000 4,963
    PROCTER & GAMBLE CO AT COST 4,348 4,657
    SCHWAB CHARLES CORP AT COST 3,014 2,784
    SEMPRA ENERGY AT COST 2,646 3,079
    STERICYCLE INC AT COST 4,839 4,165
    T. ROWE PRICE GROWTH STOCK AT COST 3,500 3,696
    THE PRICELINE GROUP INC AT COST 6,322 6,242
    VANGUARD EQUITY INCOME ADM AT COST 8,000 8,832
    3M CO AT COST 4,344 5,078
    ALPHABET INC CL C AT COST 1,506 4,153
    CALVERT SHORT DURATION INCOME AT COST 15,000 15,146
    CHUBB LTD AT COST 4,386 5,098
    CIGNA CORP AT COST 2,333 2,176
    COCA COLA COMPANY AT COST 1,028 1,133
    COLUMBIA FDS SER DIVIDEND INC AT COST 6,000 6,457
    COSTCO WHSL CORP AT COST 4,362 4,711
    CVS HEALTH CORPORATION AT COST 3,888 7,755
    ALPHABET INC CL A AT COST 1,809 4,925

    TY 2015 OtherExpensesSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST 50212080
    EIN:
    81-6014941
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES 5 5   0


    TY 2015 OtherIncreasesSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST 50212080
    EIN:
    81-6014941
    Description Amount
    ROUNDING ADJUSTMENT 3


    TY 2015 TaxesSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST 50212080
    EIN:
    81-6014941
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 350 350   0
    ESTIMATED TAX PAYMENTS 716 0   0
    FEDERAL TAX PAYMENT- PRIOR YEA 284 0   0