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
RALPH HULL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1084
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CORVALLIS, OR97339
A Employer identification number

93-1247987
B Telephone number (see instructions)

(541) 754-4944
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$19,338,820J 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 60,509 60,509  
4 Dividends and interest from securities... 106,741 106,741  
5a Gross rents............ 369,790 369,790  
b Net rental income or (loss) 158,662
6a Net gain or (loss) from sale of assets not on line 10 -357,548
b Gross sales price for all assets on line 6a 6,957,011
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -2,585    
12 Total. Add lines 1 through 11........ 176,907 537,040  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 27,000 13,500   13,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 16,604 8,302   8,302
b Accounting fees (attach schedule)....... Click to see attachment 11,970 5,985   5,985
c Other professional fees (attach schedule).... Click to see attachment 70,294 62,919   7,375
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,880 1,570   1,010
19 Depreciation (attach schedule) and depletion... Click to see attachment 132,824 115,859  
20 Occupancy.............. 35,357 3,471   31,886
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 99,469 97,369   2,100
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 401,398 308,975   70,158
25 Contributions, gifts, grants paid....... 877,106 877,106
26 Total expenses and disbursements. Add lines 24 and 25 1,278,504 308,975   947,264
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,101,597
b Net investment income (if negative, enter -0-) 228,065
c Adjusted net income (if negative, enter -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............. 712,548 248,582 248,582
2 Savings and temporary cash investments......... 2,193,264 502,692 502,692
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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)..... 1,240,000 Click to see attachment1,240,000 1,240,000
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 4,744,938 Click to see attachment5,642,061 5,633,024
c Investments—corporate bonds (attach schedule)....... 1,639,525 Click to see attachment1,896,239 1,911,801
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 291,470 Click to see attachment274,946 259,320
14 Land, buildings, and equipment: basis bullet7,281,524
Less: accumulated depreciation (attach schedule) bullet1,172,304 6,193,592 Click to see attachment6,109,220 7,884,452
15 Other assets (describe bullet) Click to see attachment939,450 Click to see attachment939,450 Click to see attachment1,658,949
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,954,787 16,853,190 19,338,820
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) Click to see attachment250,000 Click to see attachment250,000
23 Total liabilities (add lines 17 through 22)......... 250,000 250,000
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 17,704,787 16,603,190
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
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)..... 17,704,787 16,603,190
31 Total liabilities and net assets/fund balances (see instructions). 17,954,787 16,853,190
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
17,704,787
2
Enter amount from Part I, line 27a .....................
2
-1,101,597
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
16,603,190
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
16,603,190
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 PUBLICLY TRADED SECURITIES P 2014-07-01 2016-06-30
b
c
d
e
(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 6,830,902   7,314,559 -483,657
b
c
d
e
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       -483,657
b
c
d
e
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 -357,548
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 772,234 18,179,682 0.042478
2013 924,135 17,367,671 0.053210
2012 1,100,802 17,599,623 0.062547
2011 947,673 23,153,674 0.040930
2010 1,242,997 23,632,144 0.052598
2
Total of line 1, column (d) .....................
20.251763
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
0.050353
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
18,657,793
5
Multiply line 4 by line 3......................
5
939,476
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,281
7
Add lines 5 and 6........................
7
941,757
8
Enter qualifying distributions from Part XII, line 4.............
8
947,264
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 2,281
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  
3 Add lines 1 and 2........................... 3 2,281
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,281
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,489
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,489
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 4
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 3,204
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,204 RefundedBullet 11  
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletNANCY HULL Telephone no.bullet (541) 847-5711

    Located atbulletPO BOX 1084CORVALLISOR ZIP+4bullet97339
    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
     
     
    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
     
     
    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
    NANCY HULL TREASURER
    3.00     		3,500 0 0
    25383 HWY 99W
    MONROE,OR97456
    HERBERT R HULL CHAIRMAN
    4.00     		4,500 0 0
    24649 PARK ROAD
    MONROE,OR97456
    TODD W NYSTROM DIRECTOR
    2.00     		4,500 0 0
    25674 CHERRY CREEK ROAD
    MONROE,OR97456
    CON LYNCH DIRECTOR
    2.00     		4,500 0 0
    PO BOX 741
    SALEM,OR97304
    DENNIS OLSON DIRECTOR
    1.00     		1,000 0 0
    1006 PLATEAU DRIVE
    DUNCONVILLE,TX75116
    EDWARD PARKER DIRECTOR
    1.00     		4,500 0 0
    27779 HELLS CANYON ROAD
    MONROE,OR97456
    NATHAN NYSTROM DIRECTOR
    1.00     		4,500 0 0
    303 NW 31ST STREET
    CORVALLIS,OR97330
    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  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    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 N/A  
    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
    7,451,592
    b
    Average of monthly cash balances.......................
    1b
    2,526,445
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,963,885
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,941,922
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    18,941,922
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    284,129
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,657,793
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    932,890
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    932,890
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    2,281
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,281
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    930,609
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    930,609
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    930,609
    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
    947,264
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    947,264
    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
    2,281
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    944,983
    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 7 930,609
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 85,576
    b From 2011......  
    c From 2012...... 232,715
    d From 2013...... 66,898
    e From 2014......  
    fTotal of lines 3a through e........ 385,189
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 947,264
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 930,609
    e Remaining amount distributed out of corpus 16,655
    5 Excess distributions carryover applied to 2015.    
    (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 5 401,844
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		85,576
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		316,268
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 232,715
    c Excess from 2013.... 66,898
    d Excess from 2014....  
    e Excess from 2015.... 16,655
    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:
    NANCY HULL
    PO BOX 1084
    CORVALLIS,OR97339
    (541) 754-4944
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN LETTER OF REQUEST
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ABC HOUSE
    PO BOX 68
    ALBANY,OR97321     		    CHILD ABUSE PROGRAM 5,000
    BENTON FURNITURE SHARE
    PO BOX 2224
    CORVALLIS,OR97339     		    FURNITURE SHARE 10,000
    BENTON HOSPICE SERVICE
    2350 NW PROFESSIONAL DR
    CORVALLIS,OR97330     		    TECHNOLOGY UPGRADE 19,401
    BOYS AND GIRLS CLUB-ALBANY
    1215 HILL ST SE
    ALBANY,OR97321     		    CAPITAL CAMPAIGN 50,000
    BOYS AND GIRLS CLUB-CORVALLIS
    1122 NW CIRCLE BLVD
    CORVALLIS,OR97330     		    FUNDING SUMMER PROGRAM 20,250
    CENTER FOR HOPE & SAFETY
    605 CENTER STREET NE
    SALEM,OR97301     		    PROGRAM FUNDING 5,000
    COASTAL RANGE FOOD BANK
    PO BOX 573
    BLODGETT,OR97326     		    FOOD BANK 500
    COMMUNITY OUTREACH INC
    865 NW REIMAN AVENUE
    CORVALLIS,OR97330     		    GENERAL FUND/ FOOD SHARE 35,000
    FAMILY BUILDING BLOCKS
    2425 LANCASTER DRIVE NE
    SALEM,OR97305     		    CHILD DEVELOPMENT 35,000
    GOOD SAMARITAN HOSPITAL FOUNDATION
    3600 SAMARITAN DR
    CORVALLIS,OR97330     		    CAPITAL CAMPAIGN 50,000
    ISAAC'S ROOM
    299 COTTAGE STREET
    SALEM,OR97301     		    IKE HOUSE/VAN PURCHASE 77,500
    JACKSON STREET YOUTH SHELTER INC
    555 NW JACKSON STREET
    CORVALLIS,OR97330     		    SHELTER SUPPORT 5,000
    LATIN AMERICAN IND MINISTRIES
    PO BOX 2050
    ORANGE,CA92859     		    MISSION SUPPORT 32,273
    LINN BENTON COMMUNITY COLLEGE
    6500 PACIFIC BLVD SW
    ALBANY,OR97321     		    SCHOLARSHIP SUPPORT 3,750
    LINN BENTON FOOD SHARE
    545 SW 2ND ST SUITE A
    CORVALLIS,OR97333     		    FOOD SHARE 5,000
    LOVE IN THE NAME OF CHRIST
    PO BOX 270
    CORVALLIS,OR97339     		    PROGRAM SUPPORT 8,000
    OREGON STATE UNIVERSITY
    1500 SW JEFFERSON AVE
    CORVALLIS,OR97331     		    EDUCATION 7,500
    OREGON TRAIL COUNCIL
    2525 MARTIN LUTHER KING J
    EUGENE,OR97401     		    PROGRAM SUPPORT 10,000
    OSU FOUNDATION
    850 SW 35TH STREET
    CORVALLIS,OR97333     		    CAPITAL CAMPAIGN 48,000
    PEACE & HOPE PARTNERSHIP INTERNATIO
    3400 PARK AVENUE SOUTH
    MINNEAPOLIS,MN55407     		    EARTHQUAKE RELIEF 5,550
    SALEM KEIZER EDUCATION FOUNDATION
    841 SAGINAW STREET SE
    SALEM,OR97302     		    HS MENTOR PROGRAM 50,000
    SCIENCE MUSEUM OF MINNESOTA
    120 W KELLOGG BLVD
    ST PAUL,MN55102     		    TEEN TECH CREW PROGRAM 5,000
    SIL LEAD
    7500 W CAMP WISDOM RD
    DALLAS,TX75236     		    PROGRAM SUPPORT 10,000
    SOUTH BENTON FOOD PANTRY
    650 ORCHARD ST
    MONROE,OR97456     		    FOOD SHARE 13,000
    SOUTH BENTON NUTRITION PROGRAM
    PO BOX 178
    MONROE,OR97456     		    FOOD SHARE 13,000
    SOUTHSIDE YOUTH OUTREACH
    2065 SE DEBORD ST
    CORVALLIS,OR97333     		    SUMMER SCH/BOMB SQUAD/INTERNS/ACES 85,000
    SOUTHWESTERN OR COMMUNITY COLLEGE
    1988 NEWMARK AVENUE
    COOS BAY,OR97420     		    SCHOLARSHIP SUPPORT 3,750
    SPECIAL OLYMPICS OREGON
    59001 SW MACADAM STE 200
    PORTLAND,OR97239     		    SUPPORT DEVELOPMENTALLY DISABLED 70,000
    SU CAMINO INTERNATIONAL
    2549 E CARAMILLO ST
    COLORADO SPRINGS,CO80909     		    MISSION SUPPORT 51,000
    UNITED METHODIST CHURCH
    648 OARCHARD STREET
    MONROE,OR97456     		    ART IN THE PARK SUPPORT 3,000
    UNITED WAY OF BENTON
    PO BOX 2499
    CORVALLIS,OR97339     		    HUMAN SERVICES NEEDS OF BENTON CO. 80,000
    WILLAMETTE UNIVERSITY
    900 STATE STREET
    SALEM,OR97301     		    COMMUNITY SERVICE LEARNING PROJECT 33,000
    WORLD OUTREACH MINISTRIES
    PO BOX B
    MARIETTA,GA30061     		    EDUCATION 27,632
    Total .................................bullet 3a 877,106
    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 ...........     		    14 60,509  
    4 Dividends and interest from securities....     14 106,741  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 158,662  
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    14 -357,548  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aACORN - DEBT     		531120 -2,360      
    bACORN - ADJUSTMENT 531120 -225      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -2,585 -31,636  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-34,221
    (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:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION AND ACCOUNTING 11,970 5,985   5,985

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND- KINGS BLVD 2005-11-15 527,380              
    BUILDING - KINGS BLVD 2005-11-15 1,048,446 257,631 S/L 39.0000 26,883 26,883    
    TENANT IMPROVEMENTS 2007-04-16 3,620 758 S/L 39.0000 93 93    
    HFH BUILDING 2008-02-14 604,420 115,259 S/L 39.0000 15,498 15,498    
    TENANT IMPROVEMENTS 2009-05-13 13,517 2,137 S/L 39.0000 347 347    
    TENANT IMPROVEMENTS 2009-05-25 10,786 1,682 S/L 39.0000 277 277    
    LAND 2008-02-14 100,000              
    LAND- PROF. WAY RENTAL 2005-10-15 255,762              
    BUILDING - PROF WAY RENTAL 2006-06-15 638,510 152,806 S/L 39.0000 16,372 16,372    
    GATE - PROF WAY RENTAL 2004-08-26 2,000 2,000 200DB 7.0000        
    3 COMPUTERS 2009-08-04 2,930 2,930 200DB 5.0000        
    LAND- WALLA WALLA 2010-02-16 1,024,366              
    BUILDING - WALLA WALLA 2010-02-16 2,079,774 286,636 S/L 39.0000 53,327 53,327    
    TENANT IMPROVEMENTS-HFH BLDG 2010-12-17 117,385 13,544 S/L 39.0000 3,010 3,010    
    TENANT IMPROVEMENTS KBB 2016-06-01 48,452   S/L 39.0000 52 52    
    OFFICE EQUIPMENT 1999-01-10 7,707 7,707 200DB 7.0000        
    COMPUTER 2000-07-12 2,609 2,609 200DB 5.0000        
    BUILDING 2004-09-03 661,632 183,080 S/L 39.0000 16,965      
    SIGNS 2005-01-18 1,048 1,048 200DB 7.0000        
    REFRIGERATOR & DISHWASHER 2004-07-29 753 753 200DB 7.0000        
    COPIER 2007-03-27 8,900 8,900 200DB 7.0000        
    LAND PROFESSIONAL WAY 2004-09-03 121,527              

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BAIRD INVESTMENTS 1,459,196 1,467,861
    BONDS AT RAYMOND JAMES 296,929 303,806
    BONDS AT USB 140,114 140,134

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CITIZENS BANK STOCK 194,816 195,945
    MUTUAL FUNDS AT RAYMOND JAMES 1,057,247 1,049,383
    MUTUAL FUNDS AT UBS 235,316 234,112
    STOCKS AT USB 2,224,504 2,261,321
    STOCKS AT RAYMOND JAMES 1,930,178 1,892,263

    TY 2015 InvestmentsOtherSchedule2
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HINES RIET AT COST 50,093 34,467
    ACORN NW REAL ESTATE FUND I LP AT COST 224,853 224,853

    TY 2015 LandEtcSchedule2
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS AND EQUIPMENT 5,252,489 1,172,304 4,080,185 5,645,625
    LAND 2,029,035   2,029,035 2,238,827


    TY 2015 LegalFeesSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEYS 16,604 8,302   8,302


    TY 2015 OtherAssetsSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TIMBER AND LAND 939,450 939,450 1,658,949


    TY 2015 OtherExpensesSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMERCIAL REAL ESTATE        
    MANAGEMENT FEES 25,969 25,969    
    UTILTIES 7,448 7,448    
    REPAIRS 32,573 32,573    
    OFFICE EXPENSES 984 984    
    INSURANCE AND PROPERTY TAXES 46,296 46,296    
    ALLOCATION TO CHARITABLE ACTI -18,001 -18,001    
    EXPENSES        
    OFFICE EXPENSES 2,800 1,400   1,400
    TRAVEL 1,400 700   700


    TY 2015 OtherIncomeSchedule2
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ACORN - DEBT -2,360    
    ACORN - ADJUSTMENT -225    


    TY 2015 OtherLiabilitiesSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Description Beginning of Year - Book Value End of Year - Book Value
    DEPOSIT FROM HABITAT FOR HUMANITY 250,000 250,000


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 55,544 55,544    
    SECRETARY 3,000 1,500   1,500
    APPRAISALS 11,750 5,875   5,875


    TY 2015 OtherReceivablesOfficersSch
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Travel Advance to Officers:  


    Item No. 1
    Borrower's Name NYSTROM LAND TIMBER LLC MARKS
    Borrower's Title  
    Original Amount of Loan 780000
    Balance Due 380000
    Date of Note 2008-05
    Maturity Date 2018-05
    Repayment Terms DUE AS TIMBER IS CUT
    Interest Rate 0.0489
    Security Provided by Borrower TIMBER & LAND
    Purpose of Loan INHERITED VIA TRUST ADMINISTRATION
    Description of Lender Consideration  
    Consideration FMV 380000

    Item No. 2
    Borrower's Name NYSTROM LAND TIMBER LLC COOK
    Borrower's Title  
    Original Amount of Loan 860000
    Balance Due 860000
    Date of Note 2009-01
    Maturity Date 2018-12
    Repayment Terms DUE AS TIMBER IS CUT
    Interest Rate 0.0206
    Security Provided by Borrower TIMBER & LAND
    Purpose of Loan INHERITED VIA TRUST ADMINISTRATION
    Description of Lender Consideration  
    Consideration FMV 860000


    TY 2015 TaxesSchedule
    Name:
    RALPH HULL FOUNDATION
    EIN:
    93-1247987
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAXES 5,300      
    STATE INCOME TAXES 1,010     1,010
    PROPERTY TAXES ON INVESTMENT PRO 600 600    
    FOREIGN TAXES PAID 970 970