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
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
BRAEMAR CHARITABLE TRUST
HOBART M BIRD CO-TRUSTEE

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 25442   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR972980442
A Employer identification number

93-6272124
B Telephone number (see instructions)

(503) 286-0685
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$19,010,340J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
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 29,630 29,630  
4 Dividends and interest from securities...... 538,940 538,940  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 182,596
b Gross sales price for all assets on line 6a 3,645,693
7 Capital gain net income (from Part IV, line 2)... 182,596
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 68 0  
12 Total. Add lines 1 through 11........ 751,234 751,166  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,850 0   5,850
c Other professional fees (attach schedule).... Click to see attachment 178,983 56,983   122,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,351 17,351   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 112,955 111,632   188
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 315,139 185,966   128,038
25 Contributions, gifts, grants paid........ 984,938 984,938
26 Total expenses and disbursements. Add lines 24 and 25 1,300,077 185,966   1,112,976
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -548,843
b Net investment income (if negative, enter -0-) 565,200
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 4,183 15,360 15,360
2 Savings and temporary cash investments.......... 713,725 292,860 292,860
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).....      
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)........ 12,620,601 Click to see attachment11,308,622 12,185,600
c Investments—corporate bonds (attach schedule)........ 4,480,561 Click to see attachment5,725,000 5,395,791
11 Investments—land, buildings, and equipment: basis bullet285,000
Less: accumulated depreciation (attach schedule) bullet   285,000 Click to see attachment285,000 394,650
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 744,919 Click to see attachment673,304 726,079
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) 18,848,989 18,300,146 19,010,340
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 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......... 25,444,431 25,444,431
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -6,595,442 -7,144,285
30 Total net assets or fund balances (see instructions)...... 18,848,989 18,300,146
31 Total liabilities and net assets/fund balances (see instructions).. 18,848,989 18,300,146
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 18,848,989
2 Enter amount from Part I, line 27a..................... 2 -548,843
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 18,300,146
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 18,300,146
Form 990-PF (2014)
Form 990-PF (2014)
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      
b CAPITAL GAINS DIVIDENDS P    
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 3,268,309   3,463,097 -194,788
b 377,384     377,384
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       -194,788
b       377,384
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 2 182,596
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))
2013 964,820 20,738,545 0.046523
2012 643,865 20,024,631 0.032154
2011 974,238 19,250,557 0.050608
2010 1,180,288 19,899,091 0.059314
2009 1,115,266 20,638,441 0.054038
2 Total of line 1, column (d) ...................... 2 0.242637
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 0.048527
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 20,324,518
5 Multiply line 4 by line 3....................... 5 986,288
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 5,652
7 Add lines 5 and 6......................... 7 991,940
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,112,976
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 (2014)
Form 990-PF (2014)
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 Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,652
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 5,652
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 5,652
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 11,340
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 11,340
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 5,688
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,688 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    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 addressbulletWWW.TRUSTMANAGEMENTSERVICES.NET
    14
    The books are in care ofbulletMARTHA B COX Telephone no.bullet (503) 286-0685
    Located atbulletPO BOX 25442PORTLANDOR ZIP+4bullet972980442
    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 2014, 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  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    4b
     
    No
    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 (2014)
    Form 990-PF (2014)
    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
    HOBART M BIRD TRUSTEE
    1.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    MARTHA B COX TRUSTEE
    2.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    MELANIE ANN DAWSON TRUSTEE
    1.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    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
    TRUST MANAGEMENT SERVICES GRANT ADMINISTRATION 122,000
    PO BOX 1990
    WALDPORT,OR97394
    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  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    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.........................bullet0
    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
    18,894,445
    b
    Average of monthly cash balances.......................
    1b
    604,962
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,134,621
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,634,028
    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
    20,634,028
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    309,510
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,324,518
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,016,226
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,016,226
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    5,652
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,652
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,010,574
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,010,574
    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
    1,010,574
    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
    1,112,976
    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
     
    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
    1,112,976
    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
    5,652
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,107,324
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 1,010,574
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 1,023,900
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,112,976
    a Applied to 2013, but not more than line 2a 1,023,900
    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 2014 distributable amount..... 89,076
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		921,498
    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 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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:
    TRUST MANAGEMENT SERVICES
    PO BOX 1990
    WALDPORT,OR97394
    (541) 563-7279
    MARYL@TRUSTMANAGEMENTSERVICES.NET
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION MUST BE IN WRITING; SUBMIT PROOF OF TAX EXEMPT STATUS IF APPLICABLE; COPY OF BY-LAWS AND CONSTITUTION; COPY OF CURRENT FINANCIAL STATEMENTS; STATEMENT OF SPECIFIC ENDEAVOR; RECORD OF PRIOR RESULTS OF SIMILAR EFFORTS; AND OTHER INFORMATION TAX EXEMPT ORGANIZATION CONSIDERS PERTINENT. SEE TRUSTMANAGEMENTSERVICES.NET FOR COMPLETE APPLICATION REQUIREMENTS.
    cAny submission deadlines:
    SUBMISSION DEADLINES VARY; SEE TRUSTMANAGEMENTSERVICES.NET FOR ALL DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS LIMITED TO TAX-EXEMPT ORGANIZATIONS WITHIN OREGON. GENERALLY THE MAXIMUM GRANT IS $15,000. NO GRANTS TO INDIVIDUALS.
    Form 990-PF (2014)
    Form 990-PF (2014)
    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
    ALBERTINA KERR FOUNDATION
    424 NE 22ND AVENUE
    PORTLAND,OR97201     		NONE PC 2 OVERHEAD LIFTS FOR PEOPLE WITH DD 4,862
    ASSISTANCE LEAGUE OF GREATER PORTLAND
    4000 SW 117TH AVE
    BEAVERTON,OR97005     		NONE PC SCHOOL CLOTHES FOR LOW INCOME CHILDREN 10,000
    ATHENA'S GEM INC
    PO BOX 85
    ATHENA,OR97813     		NONE PC LIGHTS FOR RENOVATED THEATRE 8,950
    BEAVERTON EDUCATION FOUNDATION
    3800 SW CEDAR HILLS BLVD SUITE 168
    BEAVERTON,OR97005     		NONE PC KIDS COUNT GRANTS PROGRAM 10,000
    BIRCH COMMUNITY SERVICES
    17780 NE SAN RAFAEL STREET
    PORTLAND,OR97201     		NONE PC 5 LAPTOPS, A/V SYSTEM, 10 TABLES & CHAIRS 10,000
    BLUE MOUNTAIN HEALTHCARE FOUNDATION
    170 FORD ROAD
    JOHN DAY,OR97845     		NONE PC HEALTHY 'N FIT KIDS CAMP 7,500
    CALDERA
    224 NW 13TH AVENUE BOX 304
    PORTLAND,OR97201     		NONE PC ARTS MENTORING PROGRAM 10,000
    CANON BEACH HISTORICAL SOCIETY
    1387 SOUTH SPRUCE STREET
    CANON BEACH,OR97110     		NONE PC RENOVATIONS TO MUSEUM TO DISPLAY CANON AND CAPSTAN 10,000
    CAREER TECH CHARTER HIGH SCHOOL
    250 BROADLINE ST SW SUITE 2A
    ALBANY,OR97321     		NONE GOV CSC NATURAL RESOURCE CREW SCHOOL YEAR PROGRAM 10,000
    CASA FOR CHILDREN
    1401 NE 68TH AVENUE
    PORTLAND,OR97201     		NONE PC FAMILY SEARCH & ENGAGEMENT PROJECT 10,000
    CASA OF EASTERN OREGON INC
    1995 THIRD STREET SUITE 900
    BAKER CITY,OR97814     		NONE PC RECRUIT, TRAIN AND SUPPORT NEW ADVOCATES 20,000
    CASA OF LINCOLN COUNTY
    644 SW COAST HWY 101 SUITE I
    NEWPORT,OR97365     		NONE PC RECRUIT, TRAIN & SUPPORT ADVOCATES 9,995
    CASA OF TILLAMOOK COUNTY
    2515 3RD STREET
    TILLAMOOK,OR97141     		NONE PC RECRUIT, TRAIN & SUPPORT ADVOCATES 9,775
    CHILDREN'S ADVOCACY CENTER OF LINCOLN COUNTY
    122 NE 47TH STREET
    NEWPORT,OR97365     		NONE PC DARKNESS TO LIGHT CHILD ABUSE TRAINING 10,000
    CITY OF JOHN DAY
    450 EAST MAIN STREET
    JOHN DAY,OR97845     		NONE GOV EQUIPMENT FOR COMMUNITY ROOM 9,170
    CLATSOP COUNTY CASA PROGRAM
    818 COMMERCIAL STREET SUITE 401
    ASTORIA,OR97103     		NONE PC EARLY CHILDHOOD TRAUMA TRAINING 2,750
    COASTAL FAMILIES TOGETHER
    210 SW 2ND STREET
    LINCOLN CITY,OR97367     		NONE PC MEALS FOR PARENTING ED CLASSES 10,000
    COMMUNITY CONNECTION OF NORTHEAST OREGON INC
    2802 ADAMS AVENUE
    LA GRANDE,OR97850     		NONE PC SUMMER FOOD SERVICE PROGRAM 4,500
    COVE SENIOR CITIZENS
    61351 CONLEY ROAD
    COVE,OR97824     		NONE PC MEAL COSTS AND PROGRAMMING EXPENSES 7,702
    CROSSROADS CARNEGIE ARTS CENTER
    2020 AUBURN AVENUE
    BAKER CITY,OR97814     		NONE PC TO SUPPORT THE SUMMER ARTS PROGRAMS FOR CHILDREN 10,000
    DALLAS RETIREMENT FOUNDATION
    377 NW JASPER STREET
    DALLAS,OR75201     		NONE PC PURCHASE TABLE & CHAIRS FOR NEW COMMUNITY ROOM 7,000
    EAST COUNTY COMMUNITIES PARTNERSHIP
    PO BOX 594
    TOLEDO,OR43601     		NONE PC TO SUPPORT MORE THAN A DOZEN PROGRAMS 10,000
    EASTERN OREGON REGIONAL ARTS COUNCILARTSEAST
    PO BOX 541
    LA GRANDE,OR97850     		NONE PC TO SUPPORT THE ARTISTS IN RESIDENT SCHOOL PROGRAM 10,000
    EMMAUS CHRISTIAN SCHOOL
    460 S HEATHER STREET
    CORNELIUS,OR97113     		NONE PC CLASSROOM TECHNOLOGY 8,559
    FAMILY PROMISE OF LINCOLN COUNTY
    5030 SE HWY 101 LINCOLN CITY
    LINCOLN CITY,OR97367     		NONE PC HOMELESS FAMILIES PROJECT 10,000
    FISHTRAP
    400 E GRANT STREET
    ENTERPRISE,OR36330     		NONE PC WRITERS IN THE SCHOOLS/CREATIVE WRITING CLASSES 10,000
    FOUNDATION FOR A BETTER OREGON
    N/A
    PORTLAND,OR97201     		NONE PC CHALKBOARD PROJECT/TEACHING EFFECTIVNESS 5,000
    FOOD ROOTS
    1906 THIRD AVENUE SUITE B
    TILLAMOOK,OR97141     		NONE PC GROWING HEALTHY FUTURES PROJECT 9,531
    FOUR RIVERS CULTURAL CENTER
    676 SW 5TH AVENUE
    ONTARIO,OR97141     		NONE PC PRODUCTION COSTS FOR ELF 6,032
    FRIENDS OF CRESTON CHILDREN'S DENTAL CLINIC
    4701 SOUTHEAST BUSH ST
    PORTLAND,OR97201     		NONE PC VOLUNTEER OUTREACH AND ENGAGEMENT PROJECT 10,000
    FRIENDS OF THE CHILDREN
    44 NW MORRIS
    PORTLAND,OR97201     		NONE PC SUPPORT OF CHILD ENRICHMENT ACTIVITIES 10,000
    FRIENDS OF THE DALLAS PUBLIC LIBRARY
    950 MAIN STREET
    DALLAS,OR75201     		NONE PC COMPUTER MONITORS AND LIBRARY MATERIALS 10,000
    FRIENDS OF THE INDEPENDENCE PUBLIC LIBRARY
    175 MONMOUTH STREET
    INDEPENDENCE,OR97351     		NONE PC PURCHASE AUDIOBOOKS, DOWNLOADABLE & CDS 10,000
    FRIENDS OF THE YACHATS LIBRARY
    PO BOX 473
    YACHATS,OR97498     		NONE PC ENHANCE CHILDREN'S ROOM & LIBRARY MATERIALS 6,216
    FRIENDS OF WALDPORT
    PO BOX 1556
    WALDPORT,OR97394     		NONE PC DENTAL & MEDICAL ASSISTANCE 5,000
    FRIENDS OF YAQUINA LIGHTHOUSES
    750 LIGHTHOUSE DRIVE 7
    NEWPORT,OR97365     		NONE PC A TIDEPOOL CADET & LEADERSHIP PROGRAM 8,500
    GALES CREEK CAMP FOUNDATION
    7110 SW FIR LOOP SUITE 170
    PORTLAND,OR97201     		NONE PC BASKETBALL HOOPS AND BRACKETS 6,000
    GLADSTONE SCHOOL DISTRICT
    17789 WEBSTER ROAD
    GLADSTONE,OR97027     		NONE GOV SUPPORT THE SATURDAY OPPORTUNITY SCHOOL 10,000
    GRAND RONDE ACADEMY
    507 B PALMER AVENUE
    LA GRANDE,OR97850     		NONE PC SCHOOL TECHNOLOGY PROJECT 20,000
    GRANDE RONDE SYMPHONY ASSOCIATION
    1 UNIVERSITY BLVD
    LA GRANDE,OR97850     		NONE PC TO SUPPORT THE STUDENT SYMPHONY 6,400
    GRANT-HARNEY COUNTY CASA
    835 SOUTH CANYON BOULEVARD
    JOHN DAY,OR97845     		NONE PC RECRUIT, TRAIN AND SUPPORT NEW ADVOCATES 10,000
    GREATER PRAIRIE CITY COMMUNITY ASSOC
    PO BOX 758
    PRAIRIE CITY,OR97869     		NONE PC COMMUNITY ROOM EQUIPMENT 5,500
    HAVEN FROM DOMESTIC VIOLENCE
    420 E 3RD STUITE 200
    THE DALLES,OR97058     		NONE PC VIOLENCE PREVENTION SCHOOL PROGRAM 10,000
    HELPS
    250 BROADLINE STREET SW
    ALBANY,OR97321     		NONE PC CSC NATURAL RESOURCE CREW SUMMER PROGRAM 10,000
    HHOPE
    85 N DATE AVENUE
    BURNS,OR97720     		NONE PC HEALTHY TEENS RELATIONSHIP CLASS 7,000
    HILLSBORO SCHOOL DISTRICT 1JGLENCOE HIGH SCHOOL
    3083 NE 49TH PLACE 104
    HILLSBORO,OR97123     		NONE GOV SUPPORT THE SOLAR ARMY, A RESEARCH PROGRAM 6,665
    HUMAN SOLUTIONS
    12350 SE POWELL
    PORTLAND,OR97201     		NONE PC SUPPORT LEARNLINKS 10,000
    IMPACT NW
    10055 E BURNSIDE 97216
    PORTLAND,OR97201     		NONE PC SUPPORT AKA SCIENCE 10,000
    INDEPENDENCE HERITAGE MUSEUM
    112 S 3RD STREET
    INDEPENDENCE,OR97351     		NONE PC DIGITAL STORYTELLING EQUIP & STAFF TIME 8,149
    INNOVATIVE CONCEPTS FOR FAMILIES OF LINCOLN COUNTY
    1039 NW NYE STREET
    NEWPORT,OR97365     		NONE PC SUMMER TEEN WORK CREW 10,000
    KIDS CLUB OF HARNEY COUNTY
    267 S EGAN AVENUE
    BURNS,OR97720     		NONE PC LITTLE LEARNERS ENRICHMENT CENTER 6,500
    LITERARY ARTS
    925 SW WASHINGTON STREET
    PORTLAND,OR97201     		NONE PC PILOT CREATIVE WRITING PROGRAM AT ROOSEVELT HS 10,000
    MARATHON EDUCATION PARTNERS
    610 SW ALDER ST SUITE 921
    PORTLAND,OR97201     		NONE PC RECRUIT, TRAIN AND SUPPORT MENTOR RELATIONSHIPS 5,000
    MATHCOUNTS
    404 IRONWOOD DRIVE
    NEWBERG,OR97132     		NONE PC PROVIDE THEIR PROGRAM IN YAMHILL COUNTY 4,500
    MAYDAY INC
    1834 MAIN STREET
    BAKER CITY,OR97814     		NONE PC OUTREACH PROGRAMS 9,978
    MEALS ON WHEELS PEOPLE INC
    7710 SW 31ST AVENUE
    PORTLAND,OR97201     		NONE PC WEEKEND MEALS AT DOWNTOWN SITE 5,000
    MEDICAL TEAMS INTERNATIONAL
    14150 SW MILTON COURT
    TIGARD,OR97223     		NONE PC DENTAL VAN POLK, YAMHILL & LINCOLN COUNTY 10,000
    METROPOLITAN FAMILY SERVICE
    1808 SE BELMONT STREET
    PORTLAND,OR97201     		NONE PC SUPPORT THE EXPERIENCE CORPS 10,000
    METROPOLITAN YOUTH SYMPHONY
    4800 SW MACADAM AVENUE SUITE 105
    PORTLAND,OR97201     		NONE PC SUPPORT SCHOOL OUTREACH EFFORTS 5,500
    MICRO ENTERPRISE SERVICES OF OREGON
    4008 NE MARTIN LUTHER KING JR BLVD
    PORTLAND,OR97201     		NONE PC SUPPORT A CREDIT ENHANCEMENT PROJECT 10,000
    MORRISON CHILD & FAMILY SERVICES
    11035 NE SANDY BLVD
    PORTLAND,OR97201     		NONE PC SUPPORT FIRST BOOK PROGRAM-SPANISH BOOKS 6,000
    MT HOOD KIWANIS CAMP
    10725 SW BARBUR BLVD SUITE 50
    PORTLAND,OR97201     		NONE PC SUPPORT AN EQUESTRIAN THERAPY PROGRAM 10,000
    MUSIC CAMPS WALLOWA LAKE
    PO BOX 636
    LA GRANDE,OR97850     		NONE PC MUSIC CAMPS FOR BRASS AND WOODWINDS 5,000
    NEIGHBORS FOR KIDS
    634 SE HIGHWAY 101
    DEPOE BAY,OR97341     		NONE PC STEAM PROGRAM USING OCEAN LITERACY AS THE THEME 10,000
    NESTUCCA VALLEY COMMUNITY ALLIANCE
    PO BOX 253
    PACIFIC CITY,OR97135     		NONE PC SUMMER SCIENCE CAMP FOR AREA CHILDREN 9,800
    NEWBERG PUBLIC LIBRARY
    503 E HANCOCK STREET
    NEWBERG,OR97132     		NONE GOV SUPPORT THE CHILD CARE CONNECTIONS PROGRAM 10,000
    NORTH COAST RECREATION DISTRICT
    36155 9TH STREET
    NEHALEM,OR97131     		NONE GOV SCHOOL SWIM PROGRAM 10,000
    NORTHWEST FAMILY SERVICES
    6200 SE KING RD
    PORTLAND,OR97201     		NONE PC SUPPORT AN AFTER-SCHOOL & SUMMER PROGRAMS 10,000
    OLALLA CENTER FOR CHILDREN & FAMILIES
    321 SE 3RD STREET
    TOLEDO,OR97391     		NONE PC PURCHASE AN ELECTRONIC HEALTH RECORDS SYSTEM 10,000
    OPEN MEADOWS ALTERNATIVE SCHOOLS
    7621 N WABASH AVENUE
    PORTLAND,OR97201     		NONE PC SUPPORT A STUDENT SUPPORT SPECIALIST 10,000
    OREGON 4-H FOUNDATION
    119 BALLARD EXTENSION HALL OSU
    CORVALLIS,OR97330     		NONE PC FITNESS N FOODS 4 FITNESS AFTERSCHOOL PROGRAM 9,950
    OREGON CASCADES WEST SENIOR SERVICES FOUNDATION
    1400 QUEEN AVENUE SE SUITE 206
    ALBANY,OR97321     		NONE PC MEALS ON WHEELS/SENIOR MEALS SUPPORT TO LEND 10,000
    OREGON CASCADES WEST SENIOR SERVICES FOUNDATION
    1400 QUEEN AVENUE SE SUITE 206
    ALBANY,OR97321     		NONE PC PURCHASE DURABLE MEDICAL EQUIPMENT 5,500
    OREGON CHILDREN'S THEATRE
    1939 NE SANDY BLVD
    PORTLAND,OR97201     		NONE PC SUPPORT ED. SERVICES AND OUTREACH PROGRAMS 10,000
    OREGON COAST AQUARIUM
    2820 SE FERRY ROAD
    NEWPORT,OR97365     		NONE PC ED COMPONENTS OF SECRETS OF SHIPWRECKS EXHIBIT 10,000
    OREGON COAST CHILDREN'S THEATRE
    PO BOX 538
    TOLEDO,OR97391     		NONE PC ARTS EDUCATION & COMMUNITY ARTS INITIATIVE 10,000
    OREGON COAST COUNCIL FOR THE ARTS
    777 NW OLIVE STREET
    NEWPORT,OR97365     		NONE PC SOUND/ACOUSTIC TECH APPRENTICESHIP 7,000
    OREGON EAST SYMPHONY
    345 SW 4TH STREET
    PENDLETON,OR97801     		NONE PC PLAYING FOR KEEPS, YOUTH MUSIC EDUCATION 10,000
    OREGON MUSEUM OF SCIENCE & INDUSTRY
    1945 SE WATER AVENUE
    PORTLAND,OR97201     		NONE PC NEW WATER RESERVOIR 10,000
    OREGON PALEO LANDS INSTITUTE
    333 FOURTH STREET
    FOSSIL,OR97830     		NONE PC TO SUPPORT SCHOOL PROGRAMMING IN FOSSIL BEDS 10,000
    OUR HOUSE OF PORTLAND
    2727 SE ALDER
    PORTLAND,OR97201     		NONE PC SUPPORT THE QUALITY OF LIFE PROGRAM 10,000
    PAADA
    324 N COAST HIGHWAY 101
    NEWPORT,OR97365     		NONE PC RESTORE PEER MEDIATION, TALKING CIRCLES & TRUANCY MEDIATION IN LINCOLN COUNTY 8,540
    PARROT CREEK CHILD & FAMILY SERVICES INC
    1001 MOLLALA AVENUE SUITE 209
    OREGON CITY,OR97045     		NONE PC SUPPORT A BEHAVIORAL SUPPORT SPECIALIST 10,000
    PORTLAND COLUMBIA SYMPHONY ORCHESTRA
    1838 SW JEFFERSON STREET
    PORTLAND,OR97201     		NONE PC SUPPORT "MEET THE BEAT" ED. PROGRAM 3,400
    PORTLAND RESCUE MISSION
    111 WEST BURNSIDE STREET 97209
    PORTLAND,OR97201     		NONE PC EQUIPMENT FOR THE TUTORING AND COMPUTER CENTER 10,000
    PORTLAND YOUTHBUILDERS
    4816 SE 92ND AVENUE
    PORTLAND,OR97201     		NONE PC SUPPORT THE GED ATTAINMENT PROJECT 5,000
    READING RESULTS
    3115 NE SANDY BLVD SUITE 229
    PORTLAND,OR97201     		NONE PC SUPPORT A READING PROGRAM AT ROSA PARKS ELEM. 10,000
    RETURNING VETERANS PROJECT
    833 SE MAIN - BOX 122
    PORTLAND,OR97201     		NONE PC SUPPORT THE METRO SERVICE EXPANSION PROJECT 9,000
    SABLE HOUSE
    289 EAST ELLENDALE AVENUE
    DALLAS,OR97338     		NONE PC SCHOOL PRESENTATIONS FOR STAYING SAFE 10,000
    SATURDAY ACADEMY
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97201     		NONE PC CURRICULA FOR A CHEM.& CALC. COLLEGE PREP CLASS 10,000
    SEASHORE FAMILY LITERACY
    125 NW SPRUCE STREET
    WALDPORT,OR97394     		NONE PC TO SUPPORT SUMMER PROGRAMS 10,000
    SHERIDAN MUSEUM OF HISTORY
    245 SOUTH BRIDGE STREET
    SHERIDAN,OR97378     		NONE PC LIGHTS, INSULATION & HEATING 10,000
    SOLVE
    2000 SW FIRST AVENUE SUITE 400
    PORTLAND,OR97201     		NONE PC SUPPORT PROJECT OREGON 10,000
    ST ANDREW'S NATIVITY SCHOOL
    4925 NE 9TH AVENUE
    PORTLAND,OR97201     		NONE PC SUPPORT A SPECIAL EDUCATION PROJECT 10,000
    SYCAMORE LANE THERAPEUTIC RIDING CENTER
    13921 S CLACKAMAS RIVER DR
    OREGON CITY,OR97045     		NONE PC SCHOLARSHIPS 10,000
    THE DOUGY CENTER
    3909 SE 52ND AVENUE 97206
    PORTLAND,OR97201     		NONE PC "MIDDLERS" SUPPORT GROUP 9,000
    THE SALVATION ARMYWEST WOMEN'S SHELTER
    PO BOX 2398
    PORTLAND,OR97201     		NONE PC PURCHASE A WALK-IN REFRIGERATOR 2,559
    THE WALLACE MEDICAL CONCERN
    124 NE 181ST AVE STE 103
    PORTLAND,OR97201     		NONE PC SUPPORT HEALTHWORKS BASE CAMP 10,000
    TILLAMOOK COUNTY WOMEN'S RESOURCE CENTER
    1902 2ND STREET
    TILLAMOOK,OR97141     		NONE PC YOUTH VIOLENCE PREVENTION PROGRAM 10,000
    TILLAMOOK SCHOOL DISTRICT #9 ED FOUNDATION
    2510 FIRST STREET
    TILLAMOOK,OR97141     		NONE PC SUPPORT THE PEER AND TRUANCY MEDIATION PROGRAM 9,900
    TREASURE VALLEY CHILDREN'S RELIEF NURSERY
    588 W IDAHO AVENUE
    ONTARIO,OR97914     		NONE PC CHILDCARE BUS COSTS 10,000
    TRINITY LUTHERAN CHURCH
    5520 NE KILLINGSWORTH STREET
    PORTLAND,OR97201     		NONE NC SUPPORT THE FOOD PANTRY 10,000
    UNITED METHODIST CHURCHCAMP & RETREAT MINISTRY
    1505 SW 18TH AVENUE
    PORTLAND,OR97201     		NONE PC FAMILY CAMP EXPERIENCE 3,000
    VOLUNTEERS OF AMERICA
    3910 SE STARK
    PORTLAND,OR97201     		NONE PC TO PURCHASE SCHOOL CLOTHES AND VOUCHERS 10,000
    WALDPORT HIGH SCHOOL
    3000 CRESTLINE DRIVE
    WALDPORT,OR97394     		NONE GOV PURCHASE A 12-PASSENGER VAN 10,000
    WALLOWA BAND NEZ PERCE TRAIL INTERPRETIVE CENTER INC
    209 EAST 2ND STREET
    WALLOWA,OR97885     		NONE PC ED & INTERPRETIVE NATIVE AM PROGRAMS 7,000
    WALLOWA COUNTY LIBRARY
    207 NW LOGAN
    ENTERPRISE,OR97828     		NONE GOV SUPPORT THE TRAINING WHEELS PROGRAM 10,000
    WHITE BIRD
    5620 SW EDGEMONT PLACE
    PORTLAND,OR97201     		NONE PC SUPPORT "THE BLUES IN TAP AND MUSIC" 5,000
    WRITE AROUND PORTLAND
    133 SW 2ND AVENUE SUITE 304
    PORTLAND,OR97201     		NONE PC WRITING WORKSHOPS IN WASHINGTON COUNTY 10,000
    YACHATS YOUTH & FAMILY ACTIVITIES PROGRAM
    441 N HIGHWAY 101
    YACHATS,OR97498     		NONE PC SUPPORT EARLY CHILDHOOD & FAMILY SUPPORT PROJECT 10,000
    YAMHILL COUNTY CASA
    638 NE 5TH STREET
    MCMINNVILLE,OR97128     		NONE PC "OPTIMUM OUTCOMES FOR EVERY CHILD" 10,000
    YAMHILL COUNTY HISTORICAL SOCIETY
    11275 SW DURHAM LANE MCMINNVILLE
    LAYFAYETTE,OR97127     		NONE PC ENTHNOBOTANY RESEARCH PROJECT 2,055
    Total .................................bullet 3a 984,938
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 29,630  
    4 Dividends and interest from securities....     14 538,940  
    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 .............     		    18 182,596  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMISCELLANEOUS 900099 68      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 68 751,166 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13751,234
    (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 (2014)
    Form 990-PF (2014)
    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
    Yes
    No
    organizations?
    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 namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION FEES 5,850 0   5,850

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANGEL OAK 750,000 727,217
    BLACKROCK 1,670,000 1,654,192
    HARTFORD TOTAL RETURN 1,675,000 1,612,125
    NEUB-BERMAN HIGH INC 815,000 712,268
    PIMCO 0 0
    TEMPLETON GLOBAL 815,000 689,989

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABERDEEN EMG MKT 1,100,000 799,276
    ASTON RIVER ROAD 1,210,000 1,292,162
    HARBOR INTL 1,145,000 988,350
    IVA INTL STOCK FUND 1,500,000 1,606,102
    JOHCM INTL FUND 750,000 1,077,089
    KALMAR SMALL CAP 420,338 512,736
    RBC BLUEBAY EMG MKT 0 0
    THORNBURG DEV 0 0
    VANGUARD BOND INDEX BSV 626,555 619,083
    VANGUARD INDEX 500 571,729 1,290,418
    VULCAN VALUE 2,025,000 1,947,546
    WESTWOOD EMG MKT 750,000 618,095
    WHG INC OPPTY FUND 1,210,000 1,434,743

    TY 2014 InvestmentsLandSchedule2
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 285,000 0 285,000 394,650

    TY 2014 InvestmentsOtherSchedule2
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LIFE INSURANCE POLICIES AT COST 673,304 726,079

    TY 2014 OtherExpensesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OR DEPT OF JUSTICE FEE 1,135 0   0
    INSURANCE PREMIUMS 104,816 104,816   0
    RENT, P.O. BOX 128 0   128
    BANK CHARGES 60 0   60
    PROPERTY MAINTENANCE 6,066 6,066   0
    DUES 750 750   0


    TY 2014 OtherIncomeSchedule2
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 68 0 68


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO MANAGEMENT FEES 56,983 56,983   0
    GRANT ADMINISTRATIVE FEES 122,000 0   122,000


    TY 2014 TaxesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    HOBART M BIRD CO-TRUSTEE
    EIN: 93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 11,804 11,804   0
    PROPERTY TAXES 5,547 5,547   0