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 10-01-2015 , and ending 09-30-2016
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$19,522,211J 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 25,746 25,746  
4 Dividends and interest from securities... 425,881 425,881  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 181,698
b Gross sales price for all assets on line 6a 5,603,263
7 Capital gain net income (from Part IV, line 2)... 181,698
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 44 44  
12 Total. Add lines 1 through 11........ 633,369 633,369  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 195,000 0   195,000
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 5,875 0   5,875
c Other professional fees (attach schedule).... Click to see attachment 43,787 43,787   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,874 5,874   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 130,578 129,253   155
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 381,114 178,914   201,030
25 Contributions, gifts, grants paid....... 796,089 796,089
26 Total expenses and disbursements. Add lines 24 and 25 1,177,203 178,914   997,119
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -543,834
b Net investment income (if negative, enter -0-) 454,455
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............. 15,360 37,020 37,020
2 Savings and temporary cash investments......... 292,860 203,476 203,476
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)....... 11,308,622 Click to see attachment11,114,765 12,709,210
c Investments—corporate bonds (attach schedule)....... 5,725,000 Click to see attachment5,545,000 5,539,277
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).......... 673,304 Click to see attachment581,051 638,578
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) 18,300,146 17,766,312 19,522,211
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 -7,144,285 -7,678,119
30 Total net assets or fund balances (see instructions)..... 18,300,146 17,766,312
31 Total liabilities and net assets/fund balances (see instructions). 18,300,146 17,766,312
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
18,300,146
2
Enter amount from Part I, line 27a .....................
2
-543,834
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,000
4
Add lines 1, 2, and 3 ..........................
4
17,766,312
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
17,766,312
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      
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 5,185,566   5,421,565 -235,999
b 417,697     417,697
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       -235,999
b       417,697
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 2 181,698
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 1,107,324 20,324,518 0.054482
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
2
Total of line 1, column (d) .....................
20.243081
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
0.048616
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
18,744,252
5
Multiply line 4 by line 3......................
5
911,271
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,545
7
Add lines 5 and 6........................
7
915,816
8
Enter qualifying distributions from Part XII, line 4.............
8
997,119
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 4,545
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 4,545
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 4,545
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,688
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 5,688
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 1,143
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,143 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 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 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 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    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
    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
    MARY C BIRD GRANT ADMINISTRATOR
    40.00     		195,000 0 0
    PO BOX 1990
    WALDPORT,OR97394
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    17,475,638
    b
    Average of monthly cash balances.......................
    1b
    491,171
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,062,888
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,029,697
    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
    19,029,697
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    285,445
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,744,252
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    937,213
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    937,213
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    4,545
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,545
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    932,668
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    10,000
    5
    Add lines 3 and 4............................
    5
    942,668
    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
    942,668
    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
    997,119
    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
    997,119
    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
    4,545
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    992,574
    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 7 942,668
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 921,498
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 997,119
    a Applied to 2014, but not more than line 2a 921,498
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 75,621
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		867,047
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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:
    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 (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
    YOUTH SYMPHONY OF SOUTHERN OREGON
    925 W 8TH
    MEDFORD,OR97501     		NONE PC SUPPORT SPRING CONCERTS 4,500
    WOMEN'S CRISIS SUPPORT TEAM
    560NE F ST STE A
    GRANTS PASS,OR97526     		NONE PC SUPPORT A FAMILY ADVOCATE POSITION 10,000
    WILLAMETTE HERITAGE CENTER
    1313 MILL ST SE
    SALEM,OR97301     		NONE PC SPRINKLER SYSTEM FOR LIB, ARCHIVES AND COLL BUILDING 10,000
    WILLAMETTE FARM & FOOD COALITION
    150 SHELTON-MURPHY BLVD STE 206
    EUGENE,OR97401     		NONE PC FARM TO SCHOOL PROGRAM 7,500
    UNION GOSPEL MISSION OF SALEM
    745 COMMERCIAL ST NE
    SALEM,OR97301     		NONE PC ROOF REPAIR 10,000
    UMPQUA SYMPHONY ASSOCIATION
    PO BOX 241
    ROSEBURG,OR97470     		NONE PC LAPTOP FOR YOUTH MUSIC EDUCATION 1,834
    THE NEXT DOOR INCSUMMER YOUTH EMPLOYMENT
    965 TUCKER ROAD
    HOOD RIVER,OR97031     		NONE PC SUPPORT A SUMMER YOUTH EMPLOYMENT PROGRAM 10,000
    THE NEXT DOOR INCSUMMER YOUTH EMPLOYMENT
    965 TUCKER ROAD
    HOOD RIVER,OR97031     		NONE PC SUPPORT A SUMMER YOUTH EMPLOYMENT PROGRAM 10,000
    THE DALLES-WASCO LIBRARY COUNTY FOUNDATION
    722 COURT ST
    THE DALLES,OR97058     		NONE PC "DON'T SIT ON THE BOOKS!" PROJECT FOR CHILDREN'S L 10,000
    SWEET HOME PUBLIC LIBRARY
    1101 - 13TH AVE
    SWEET HOME,OR97386     		NONE GOV TO JOIN THE OR DIG LIB CONSORTIUM, COMP, EQUIP 9,971
    STAR OF HOPE
    657 NEWMARK AVE
    COOS BAY,OR97420     		NONE PC RECYCLING PROGRAM EXPANSION 10,000
    ST FRANCIS SHELTER
    1830 BERRY ST SE
    SALEM,OR97302     		NONE PC TO SUPPORT CASE MANAGEMENT FOR RESIDENTS 10,000
    SOUTHERN COOS HEALTH FOUNDATION
    1107 JUNE AVE
    BANDON,OR97411     		NONE PC COMMUNITY HEALTH EDUCATION PROGRAMS 6,100
    SOUTH BENTON COMMUNITY ENHANCEMENT
    25184 WEBSTER AVE
    MONROE,OR97456     		NONE PC SUPPORT FOR THE ART IN THE PARK SUMMER PROGRAM 10,000
    SKY LAKES MEDICAL CENTER FOUNDATIONKLAMATH-LAKE CARES
    2421 WASHBURN WAAY STE H
    KLAMATH FALLS,OR97601     		NONE PC PATIENT INTAKE & VOLUNTEER COORDINATION SERVICES 9,500
    SCIO PUBLIC LIBRARY
    38597 1ST ST
    SCIO,OR97374     		NONE GOV LIBRARY EQUIPMENT AND MATERIALS 9,952
    SALEM LEADERSHIP FOUNDATION
    1339 MADISON ST NE
    SALEM,OR97301     		NONE PC TO LAUNCH A NEW CAN CENTER AND SUPPORT 3 W/ TECH SUPPORT 10,000
    SAFE HAVEN MATERNITY HOME
    455 CHESTNUT AVE
    ROSEBURG,OR97470     		NONE PC LIFE SKLLS TRAINING PROGRAM 10,000
    ROSEBURG INDIAN BOOSTERS CLUB
    PO BOX 2084
    ROSEBURG,OR97470     		NONE PC PURCHASE 10 LAPTOPS FOR DRAFTING CLASSES 10,000
    ROGUE RIVER SCHOOL DISTRICT #35
    1898 E EVAN CREEK ROAD
    ROGUE RIVER,OR97537     		NONE GOV REPLACE OLD BLEACHERS FOR FOOTBALL STADIUM 5,000
    ROGUE COMMUNITY COLLEGE
    132 BROADWAY
    ROGUE RIVER,OR97537     		NONE PC PILOT TUTORING PROGRAM FOR VETERANS 10,000
    ROCKWEST TRAINING COMPANY
    4646 RIDGE DRIVE NE
    SALEM,OR97301     		NONE PC TO SUPPORT THE EMPLOYMENT SKILLS TRAINING PROG 9,531
    REACHING OUR COMMUNITY
    564 FOUNDRY ST
    GRANTS PASS,OR97526     		NONE PC FOOD PURCHASES 10,000
    QUILTS FROM CARING HANDS
    922 CIRCLE BLVD STE 160
    CORVALLIS,OR97330     		NONE PC SUPPORT COST FOR MAKING 20 QUILTS 1,000
    PORT ORFORD PUBLIC LIBRARY FOUNDATION
    1421 OREGON ST
    PORT ORFORD,OR97465     		NONE PC LIBRARY PROGRAMMING 7,046
    PEARL BUCK CENTER
    3690 W 1ST ST
    EUGENE,OR97402     		NONE PC HEALTHY MEALS PROGRAM 10,000
    PEACEHEALTH SACRED HEART MEDICAL CENTER FOUNDATION
    123 INTERRNATIONAL WAY
    SPRINGFIELD,OR97477     		NONE PC COURAGEOUS KIDS, GREIVING PROGRAM 10,000
    OREGON MATHCOUNTS FOUNDATION
    PO BOX 13936
    SALEM,OR97309     		NONE PC TO SUPPORT THE ANNUAL BUDGET 4,800
    OREGON CASCADES WEST SENIOR SERVICES FOUNDATION
    1400 QUEEN AVE SE STE 206
    ALBANY,OR97322     		NONE PC TO SUPPORT MEALS ON WHEELS IN BENTON & LINN 20,000
    OREGON 4-H FOUNDATION
    119 BALLAR EXTENSION HALL OSU
    CORVALLIS,OR97331     		NONE PC ROBOTICS AND BEYOND PROGRAM 10,000
    OPTIONS FOR SOUTHERN OREGON
    1215 SW GRANT ST
    GRANTS PASS,OR97526     		NONE PC MENTAL HEALTH SKILLS TRAINING FOR TEENS 10,000
    OPHELIA'S PLACE
    1577 PEARL ST STE 100
    EUGENE,OR97401     		NONE PC SCHOOL PRESENTATIONS AND SUPPORT GIRLS GROUPS 10,000
    NORTHWEST YOUTH CORPS
    2621 AUGUSTA ST
    EUGENE,OR97403     		NONE PC SUPPORT THE OUTDOOR AMBASSADORS PROGRAM 10,000
    MOUNTAINSTAR FAMILY RELIEF NURSERY
    2125 NE DAGGETT LANE
    BEND,OR97701     		NONE PC SUPPORT THE BEND VOLUNTEER CORPS 10,000
    MID LANE CARES
    25035 W BROADWAY
    VENETA,OR97487     		NONE PC SUPPORT THE EMERGENCY ASSISTANCE FUND PROGRAM 5,000
    MELROSE PARENT TEACHER ACTION NETWORK
    2960 MELROSE ROAD
    ROSEBURG,OR97471     		NONE PC CHROMEBOOKS AND 3 DOCUMENT PRESENTERS 9,845
    MARION-POLK FOOD SHARE
    1660 SALEM INDUSTRIAL DRIVE NE
    SALEM,OR97301     		NONE PC SUPPORT THE YOUTH FARM PROGRAM 10,000
    LOOKING GLASS YOUTH & FAMILY SERVICES
    1790 W11TH AVE STE 200
    EUGENE,OR97402     		NONE PC CLASSROOM TECH IMPROVEMENT PROJECT 10,000
    LIBERTY HOUSE
    2685 4TH ST NE
    SALEM,OR97301     		NONE PC EDUCATE THE COMMUNITY TO PREVENT CHILD ABUSE 3,000
    LEBANON PUBLIC LIBRARY
    55 ACADEMY ST
    LEBANON,OR97355     		NONE GOV MICROFORM SCANNER 9,995
    LAKE COUNTY LIBRARY DISTRICT
    100 N D ST STE 202
    LAKEVIEW,OR97630     		NONE GOV FURNISHINGS, LANDSCAPE AND BLINDS FOR NEW LIBRARY 10,000
    KIDS UNLIMITED OF OREGON
    821 N RIVERSIDE
    MEDFORD,OR97501     		NONE PC ADULT EDUCATION CLASSES 10,000
    KIDS CLUB OF JEFFERSON COUNTY
    PO BOX 571
    MADRAS,OR97741     		NONE PC PROMOTING HEALTHY, ACTIVE KIDS PROGRAM 8,400
    JOSEPHINE COUNTY HISTORICAL SOCIETY
    512 SW 5TH ST
    GRANTS PASS,OR97526     		NONE PC REPLACE 1998 RESEARCH COMPUTERS 10,000
    JOSEPH LANE PARENT STAFF ASSOCIATION
    2153 NE VINE ST
    ROSEBURG,OR97470     		NONE PC PURCHASE CHROMEBOOKS AND CART 9,980
    JEFFERSON COUNTY YOUTH ASSOCIATIONTEEN CENTER
    PO BOX 571
    MADRAS,OR97741     		NONE PC LAUNCH A MIDDLE SCHOOL PROGRAM 10,000
    JACKSON STREET YOUTH SERVICES
    960 QUEEN AVE
    ALBANY,OR97321     		NONE PC EDUCATION FOR RUNAWAY & HOMELESS YOUTH 9,790
    J BAR J YOUTH SERVICESCASCADE YOUTH & FAMILY CENTER
    62895 HAMBY ROAD
    BEND,OR97701     		NONE PC EMPLOYMENT PROGRAM FOR HOMELESS YOUTH 10,000
    HOPE EQUESTRIAN CENTER
    PO BOX 396
    EAGLE POINT,OR97524     		NONE PC KIDS UNLIMITED CHARTER SCHOOL PROGRAM - 81 KIDS 10,000
    HIGH DESERT MUSEUM
    59800 S HWY 97
    BEND,OR97702     		NONE PC TO SUPPORT THE STEM PROGRAMS 10,000
    HELPS LINN COUNTY
    250 BROADALBIN ST SW
    ALBANY,OR97321     		NONE PC YOUTHBUILD WEATHERIZATION PROGRAM 10,000
    HELPS BENTON COUNTY
    250 BROADALBIN ST SW
    ALBANY,OR97321     		NONE PC YOUTH HOUSE GARDENS SUMMER PROGRAM 10,000
    HELPING HANDS RESOURCES
    1755 13TH ST SE
    SALEM,OR97302     		NONE PC TO PROVIDE OUTREACH SERVICES & WORKL CLOTHES 10,000
    HEART OF OREGON
    1029 NW 14TH ST STE 102
    BEND,OR97701     		NONE PC SECONDARY ED COMPONENT TO THE YOUTHBUILD PROG. 10,000
    HARRISBURG LIBRARY GUILD
    354 SMITH ST
    HARRISBURG,OR97446     		NONE PC PURCHASE 5 COMPUTERS, PRINTER, SOFTWARE, ETC. 10,000
    HANBY MIDDLE SCHOOL
    806 6TH AVE
    GOLD HILL,OR97525     		NONE GOV THE WILDERNESS EXPEDIATION FOR MIDDLE SCHOOLERS 4,000
    GORGE OWNEDLEADERS FOR TOMORROW
    PO BOX 402
    HOOD RIVER,OR97031     		NONE PC SUPPORT LEADERS FOR TOMORROW PROGRAM 6,500
    FRIENDS OF THE OREGON CAVES & CHATEAU
    PO BOX 2195
    GRANTS PASS,OR97528     		NONE PC REFURBISH THE MONTEREY FURNITURE WITH CLASSES 10,000
    FRIENDS OF THE CURRY PUBLIC LIBRARY
    94341 3RD ST
    GOLD BEACH,OR97444     		NONE PC UPGRADE TECH FOR CHILDREN'S ROOM AT LIBRARY 3,998
    FOUNDATION FOR A BETTER OREGON
    221 NW 2ND AVE 203
    PORTLAND,OR97209     		NONE PC TO SUPPORT BEST PRACTICES IN TEACHING 5,000
    FERN RIDGE LIBRARY FOUNDATION
    88026 TERRITORIAL ROAD
    VENETA,OR97487     		NONE PC TO PURCHSE LIBRARY MATERIALS 5,000
    FAMILY TREE RELIEF NURSERY
    1100 SE JACKSON ST
    ALBANY,OR97322     		NONE PC EXPAND THE PARENT ED PROGRAM 10,000
    FAMILY ACCESS NETWORK
    2125 NE DAGGETT LANE
    BEND,OR97701     		NONE PC EMERGENCY FUND FOR CHILDREN 5,000
    DOUGLAS CARES
    256 STEPHENS ST
    ROSEBURG,OR97470     		NONE PC MED, DENTAL, & MENTAL HELATH ASSES FOR ABUSED KIDS 5,000
    DOLPHIN PLAYERS
    580 NEWMARK
    COOS BAY,OR97420     		NONE PC DSOUND EFFECT EQUIPMENT 5,452
    DESCHUTES COUNTY HISTORICAL SOCIETY
    129 NW IDAHO ST
    BEND,OR97701     		NONE PC TECH PROGRAM 10,000
    DESCHUTES COUNTY HEALTHY BEGINNINGS
    PO BOX 279
    BEND,OR97701     		NONE PC 4 B4 5 PRESCHOOL SCREENINGS 9,750
    DANCING PEOPLE COMPANY
    310 OAK ST STE 5
    ASHLAND,OR97520     		NONE PC SUPPORT THE HIGH SCHOOL MOVEMENT PARTNERSHIP 5,000
    CURRY HISTORICAL SOCIETY MUSEUM
    29419 ELLENSBURG AVE
    GOLD BEACH,OR97444     		NONE PC PURCHASE COMPUTER EXTRAS FOR PHOTO DIGITAZATION PROJ. 6,125
    CROSSROADS COMMUNITY CAFE
    1972 SHERMAN AVENUE
    NORTH BEND,OR97459     		NONE PC FREE MEALS FOR LOW INCOME SENIORS 10,000
    CROSSING BRIDGES THERAPEUTIC RIDING CENTER
    6377 MONUMENY DRIVE
    GRANTS PASS,OR97526     		NONE PC ENCLOSE OUTSIDE SPACE FOR YEAR-ROUND USE 10,000
    CROOK COUNTY SCHOOL DISTRICT
    471 NE OCHOCO PLAZA DRIVE
    PRINSVILLE,OR97754     		NONE GOV TRANSLATION SERVICES 10,000
    CRATES POINTCLOUMBIA GORGE DISCOVERY CENTER
    5000 DISCOVERY DRIVE
    THE DALLES,OR97058     		NONE PC NATIVE AM ENGAGEMENT PROGRAM 10,000
    COQUILLE SCHOOL DISTRICT #8
    1366 N GOULD
    COQUILLE,OR97423     		NONE GOV ELECTRIC CAR PROGRAM 10,000
    COOS BAY ZONTA
    PO BOX 245
    NORTH BEND,OR97459     		NONE PC SCHOOL SUPPLIES - OPERATION SCHOOL BELL 10,000
    COOS BAY SEVENTH-DAY ADVENTISIT FOOD PANTRY
    2175 NEWMARK
    COOS BAY,OR97420     		NONE PC PURCHASE FOOD 5,000
    CIRCLE OF FRIENDS
    PO BOX 1718
    SISTERS,OR97759     		NONE PC TO SUPPLY 10 KINDERGARTEN CHILDREN W/ MENTORS 10,000
    CHRISTIAN COMMUNITY PLACEMENT CENTER
    4890 32ND AVE SE
    SALEM,OR97317     		NONE PC DBT TRAINING 3,000
    CHILDREN'S EDUCATIONAL THEATRE
    710 HOWARD ST SE
    SALEM,OR97302     		NONE PC TEACHING EMPATHY THROUGH THEATRE ARTS 1,500
    CHEMEKETA NONPROFIT HOUSING INC
    1011 COMMERCIAL ST NE
    SALEM,OR97301     		NONE PC THE SCHOOL SUPPLIED PROJECT 5,000
    CASCADE SCHOOL OF MUSIC
    200 NW PACIFIC PARK LANE
    BEND,OR97701     		NONE PC MUSIC PROG FOR KINDERGARTEN AT B & G CLUB OF BEND 2,000
    CASA OF LINN COUNTY
    440 1ST AVE SW
    ALBANY,OR97321     		NONE PC RECRUIT, TRAIN & SUPPORT 10,000
    CASA OF LANE COUNTY
    174 DEADMOND FERRY ROAD
    SPRINGFIELD,OR97408     		NONE PC STAFFING COSTS 10,000
    CASA OF JACKSON COUNTY
    613 MARKET ST
    MEDFORD,OR97504     		NONE PC RECRUIT, TRAIN, AND SUPPORT NEW ADVOCATES IN 2 COUNTIES 15,000
    CASA OF DOUGLAS COUNTY
    100 SE STEPHENS ST
    ROSEBURG,OR97470     		NONE PC RECRUIT, TRAIN, AND SUPPORT NEW ADVOCATES 10,000
    CASA FOR CHILDREN OF KLAMATH COUNTY
    731 MAIN ST STE 202
    KLAMATH FALLS,OR97601     		NONE PC RECRUIT, TRAIN AND SUPPORT NW CASA ADVOCATES 10,000
    CALDERA
    224 NW 13TH AVE BOX 304
    PORTLAND OR,OR97209     		NONE PC MIDDLE SCHOOL MENTORING PROGRAM 5,000
    BRAVA OPERA THEATER
    2924 SISKIYOU BLVD STE 204
    MEDFORD,OR97504     		NONE PC SUPPORT THE MASTER CLASS & CHAMBER OPERA 7,500
    BOYS & GIRLS CLUB OF CORVALLIS
    1112 NW CIRCLE BLVD
    CORVALLIS,OR97330     		NONE PC SUPPORT PROJECT LEARN 10,000
    BOYS & GIRLS CLUB OF ALBANY
    1215 HILL ST SE
    ALBANY,OR97322     		NONE PC HEALTHY LIFESTYLES NUTRITION INITIATIVE 10,000
    BLINDSKILLS INC
    680 STATE STREET STE 110
    SALEM,OR97301     		NONE PC TO SUPPORT THE RESOURCE DROP-IN CENTER 8,500
    BARNSTORMERS THEATRE
    112 NE EVELYN
    GRANTS PASS,OR97526     		NONE PC NEW SOUND SYSTEM FOR THE PERFORMING ARTS THEATRE 5,700
    BANDON HISTORICAL SOCIETY
    270 FILLORE STREET
    BANDON,OR97411     		NONE PC 5 YEAR PROJECT TO RENOVATE EHIBITS 4,320
    ASSISTANCE LEAGUE OF EUGENE
    1149 WILLAMETTE STREET
    EUGENE,OR97401     		NONE PC SUPPORT FOR A PART-TIME CLINIC MANAGER/DENT. ASSISTANT 10,000
    Total .................................bullet 3a 796,089
    bApproved for future payment
    Total .................................bullet 3b 0
    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 25,746  
    4 Dividends and interest from securities....     14 425,881  
    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 ............     		    18 181,698  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aMISCELLANEOUS     		900099       44
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 633,325 44
    13Total. Add line 12, columns (b), (d), and (e)..................
    13633,369
    (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.)
    11A MISCELLANEOUS REFUND
    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:
    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 5,875 0   5,875

    TY 2015 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
    VANGUARD ST INF-PROT SEC. INDEX FUND 700,000 702,815
    VANGUARD TOTAL BOND FUND 1,500,000 1,494,589
    HARTFORD TOTAL RETURN 1,675,000 1,653,778
    BLACKROCK 1,670,000 1,688,095

    TY 2015 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
    DFA GLOBAL REAL ESTATE 500,000 492,318
    WESTWOOD EMG MKT 750,000 740,699
    ABERDEEN EMG MKT 1,100,000 937,465
    HARBOR INTL 1,145,000 1,015,763
    ASTON RIVER ROAD 943,294 1,049,657
    JOHCM INTL FUND 750,000 1,230,782
    VULCAN VALUE 2,125,000 2,087,274
    WHG INC OPPTY FUND 1,129,740 1,434,551
    IVA INTL STOCK FUND 1,600,000 1,703,072
    VANGUARD INDEX 500 1,071,731 2,017,629

    TY 2015 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 2015 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 581,051 638,578

    TY 2015 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 1,170 0   0
    INSURANCE PREMIUMS 122,454 122,454   0
    RENT, P.O. BOX 130 0   130
    BANK CHARGES 25 0   25
    PROPERTY MAINTENANCE 6,049 6,049   0
    DUES 750 750   0


    TY 2015 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 44 44 44


    TY 2015 OtherIncreasesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
     
    HOBART M BIRD CO-TRUSTEE
    EIN:
    93-6272124
    Description Amount
    PRIOR PERIOD ADJUSTMENT 10,000


    TY 2015 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 43,787 43,787   0


    TY 2015 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
    PROPERTY TAXES 5,874 5,874   0