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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 10-01-2017 , and ending 09-30-2018
Name of foundation
BRAEMAR CHARITABLE TRUST
 
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$20,273,878J 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.............
3 Interest on savings and temporary cash investments 16,071 16,071  
4 Dividends and interest from securities... 416,176 416,176  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 660,393
b Gross sales price for all assets on line 6a 2,002,187
7 Capital gain net income (from Part IV, line 2)... 660,393
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).......      
12 Total. Add lines 1 through 11........ 1,092,640 1,092,640  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 143,000 0   143,000
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 5,700 0   5,700
c Other professional fees (attach schedule).... Click to see attachment 38,570 38,570   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,145 1,925   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 170,002 167,505   2,497
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 383,417 208,000   151,197
25 Contributions, gifts, grants paid....... 714,598 714,598
26 Total expenses and disbursements. Add lines 24 and 25 1,098,015 208,000   865,795
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,375
b Net investment income (if negative, enter -0-) 884,640
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 313,457    
2 Savings and temporary cash investments......... 132,816 175,140 175,140
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)....... 12,279,178 Click to see attachment11,969,233 14,189,662
c Investments—corporate bonds (attach schedule)....... 4,920,000 Click to see attachment5,638,151 5,402,223
11 Investments—land, buildings, and equipment: basis bullet105,000
Less: accumulated depreciation (attach schedule) bullet   105,000 Click to see attachment105,000 116,100
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 465,154 Click to see attachment322,706 390,753
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) 18,215,605 18,210,230 20,273,878
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 Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 25,444,431 25,444,431
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -7,228,826 -7,234,201
29 Total net assets or fund balances (see instructions)..... 18,215,605 18,210,230
30 Total liabilities and net assets/fund balances (see instructions). 18,215,605 18,210,230
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
18,215,605
2
Enter amount from Part I, line 27a .....................
2
-5,375
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
18,210,230
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 29 .
6
18,210,230
Form 990-PF (2019)
Form 990-PF (2019)
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 1,899,825   1,341,794 558,031
b 102,362     102,362
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       558,031
b       102,362
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 2 660,393
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))
2018 970,953 19,947,556 0.048675
2017 992,574 18,744,252 0.052954
2016 1,107,324 20,324,518 0.054482
2015 964,820 20,738,545 0.046523
2014 643,865 20,024,631 0.032154
2
Total of line 1, column (d) .....................
2
0.234788
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.046958
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
20,097,640
5
Multiply line 4 by line 3......................
5
943,745
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,846
7
Add lines 5 and 6........................
7
952,591
8
Enter qualifying distributions from Part XII, line 4,.............
8
865,795
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 (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 17,693
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 17,693
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 17,693
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 14,400
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,293
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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 2019 or the taxable year beginning in 2019? See the 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 (2019)
    Form 990-PF (2019)
    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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    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
    KEN DAWSON TRUSTEE
    1.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    GREG SNYDER TRUSTEE
    1.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    MARY C BIRD GRANT ADMINISTRATOR
    40.00     		143,000 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
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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 (2019)
    Form 990-PF (2019)
    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
    19,647,533
    b
    Average of monthly cash balances.......................
    1b
    317,356
    c
    Fair market value of all other assets (see instructions)................
    1c
    438,806
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,403,695
    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
    20,403,695
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    306,055
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,097,640
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,004,882
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,004,882
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    17,693
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,693
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    987,189
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    987,189
    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
    987,189
    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
    865,795
    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
    865,795
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    865,795
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 987,189
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 849,751
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 865,795
    a Applied to 2018, but not more than line 2a 849,751
    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 2019 distributable amount..... 16,044
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		971,145
    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
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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 foundation 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
    INFO@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 (2019)
    Form 990-PF (2019)
    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
    ASSISTANCE LEAGUE OF SALEM-KEISER
    1095 SAGINAW ST
    SALEM,OR97302     		  PC OPERATION SCHOOL BELL 5,000
    BANDON COMMUNITY RADIO
    825 2ND STREET SE
    BANDON,OR97411     		  PC KBOG STUDENT BROADCASTING & TRAINING PROGRAM 9,119
    BANDON HISTORICAL SOCIETY MUSEUM
    270 FILMORE AVE SE
    BANDON,OR97411     		  PC RENOVATE THE EXHIBITS 6,500
    BOYS & GIRLS CLUB OF ALBANY
    1215 HILL STREET SE
    ALBANY,OR97332     		  PC FOOD SMARTS FOR HEALTHY FUTURES THROUGH STEM 10,000
    BOYS & GIRLS CLUB OF SALEM MARION & POLK
    1395 SUMMER STREET NE
    SALEM,OR97301     		  PC SUPPORT THE TRIPLE PLAY PROGRAM 10,000
    BRIDGEWAY HOUSE
    555 E 15TH AVE
    EUGENE,OR97401     		  PC THEATRE PROGRAM FOR & WITH KIDS W/ AUTISM 7,000
    CALDERA
    222 NW 13TH AVE STE 304
    PORTLAND,OR97209     		  PC SUPPORT THE CENTRAL OR MIDDLE SCHOOL MENTOR PROGRAM 10,000
    CASA - VOICES FOR CHILDREN
    129 NW 4TH STREET SUITE B
    CORVALLIS,OR97330     		  PC RECRUIT, TRAIN, AND SUPPORT NEW ADVOCATES 10,000
    CASA FOR CHILDREN OF KLAMATH COUNTY
    731 MAIN ST SUITE 202
    KLAMATH FALLS,OR97601     		  PC RECRUIT, TRAIN, AND SUPPORT 10,000
    CASA OF DOUGLAS COUNTY
    545 W UMPQUA STREET SUITE 2
    ROSEBURG,OR97471     		  PC RECRUIT, TRAIN, & SUPPORT NEW ADVOCATES 10,000
    CASA OF JACKSON & JOSEPHINE COUNTIES
    613 MARKET STREET
    MEDFORD,OR97504     		  PC "MENTORING YOUTH TOWARD INDEPENDENCE" PROGRAM 10,000
    CASA OF LANE COUNTY
    174 DEADMOND FERRY ROAD
    SPRINGFIELD,OR97477     		  PC SUPPORT THE VOLUNTEER COORDINATOR POSITION 10,000
    CASCADE JUNIOR HIGH SCHOOL
    10226 MARION ROAD SE
    TURNER,OR97392     		  GOV PURCHASE CHROMEBOOKS AND CART 10,000
    CENTER FOR COMMUNITY COUNSELING
    1465 COBURG ROAD
    EUGENE,OR97401     		  PC RALLY AROUND FAMILIES TOGETHER PROGRAM 5,000
    CENTRAL POINT SCHOOL DIST #6SCENIC MIDDLE SCHOOL
    300 ASH STREET
    CENTRAL POINT,OR97502     		  GOV STEM PROGRAM 5,000
    CHEMEKETA NON-PROFIT HOUSING INC
    1011 COMMERCIAL STREET NE
    SALEM,OR97301     		  PC BACKPACK PROGRAM 10,000
    CONNECTIONS365
    4890 32ND AVENUE SE
    SALEM,OR97317     		  PC STAFF CERTIFICATION COSTS 4,000
    COOS ART MUSEUM
    235 ANDERSON AVE
    COOS BAY,OR97420     		  PC 2018 BIENNIAL STUDENT ART EXHIBIT 3,000
    COOS COUNTY HISTORICAL SOCIETY
    1210 NORTH FRONT STREET
    COOS BAY,OR97420     		  PC SUPPORT FOR COLLECTIONS MANAGEMENT 9,966
    COOS WATERSHED ASSOCIATION
    300 CENTRAL AVENUE
    COOS BAY,OR97420     		  PC SUPPORT FOR THE 2ND MAYFLY FESTIVAL 10,000
    CROSSING BRIDGES THERAPEUTIC RIDING CENTER INC
    6377 MONUMENT DRIVE
    GRANTS PASS,OR97526     		  PC SCHOLARSHIPS & HORSE CARE 10,000
    FAMILY ACCESS NETWORK FOUNDATION
    2125 NE DAGGETT LANE
    BEND,OR97701     		  PC SUPPORT DISADVANTAGED CHILDREN & THEIR FAMILIES 8,000
    FAMILY BUILDING BLOCKS
    2425 LANCASTER DRIVE NE
    SALEM,OR97317     		  PC MURAL 5,000
    FERN RIDGE LIBRARY FOUNDATION
    88026 TERRITORIAL ROAD
    VENETA,OR97487     		  PC CHILDREN'S AREA BOOK DISPLAY & INTERACTIVE PLAY STATIONS 7,500
    FRIENDS OF THE ALBANY PUBLIC LIBRARY
    2450 14TH AVENUE SE
    ALBANY,OR97322     		  PC SUPPORT THE SUMMER READING PROGRAM 6,320
    GORGE OWNEDLEADERS FOR TOMORROW
    PO BOX 402
    HOOD RIVER,OR97031     		  PC TO SUPPORT THE LEADER FOR TOMORROW PROGRAM 6,250
    GRACE CENTER FOR ADULT DAY SERVICES
    980 NW SPRUCE AVE
    CORVALLIS,OR97330     		  PC ACCESSIBILITY PROJECT 10,000
    GRANTS PASS FAMILY YMCA
    1000 REDWOOD AVENUE
    GRANTS PASS,OR97526     		  PC YOUTH & POOL EQUIPMENT 10,000
    HEALING REINS THERAPEUTIC RIDING CENTER INC
    60575 BILLADEAU ROAD
    BEND,OR97702     		  PC TAKING THE REINS PROG FOR AT-RISK YOUTH 7,500
    HEARTISAN FOUNDATION
    PO BOX 1487
    TALENT,OR97540     		  PC SUPPORT CLASSES AT NO-CHARGED TO TEENS 10,000
    HELPING HANDS RESOURCES
    1755 13TH STREET SE
    SALEM,OR97302     		  PC SUPPORT "EMPOWERING PEOPLE THROUGH OUTREACH" 10,000
    HIGH DESERT MUSEUM
    59800 S HWY 97
    BEND,OR97702     		  PC TEACHER DEVELOPMENT PROGRAM, STEM CONNECT 10,000
    HOPE EQUESTRIAN CENTER
    716 RILEY ROAD
    EAGLE POINT,OR97524     		  PC PARTNERSHIP W/ KIDS UNLIMITED CS 10,000
    HORSES OF HOPE OREGON
    2895 CLOVERDALE DRIVE SE
    TURNER,OR97392     		  PC TO SUPPORT EQUINE ASSISTED THERAPY FOR 22 CHILDREN 10,000
    HUCREST BOOSTER CLUB
    1810 NW KLINE STREET
    ROSEBURG,OR97471     		  PC PURCHASE 20 IPADS W/ CASES & READING SOFTWARE 10,000
    JACKSON COUNTY SART
    43 MORNINGLIGHT DRIVE
    ASHLAND,OR97520     		  PC SEXUAL VIOLENCE PREVENTION PROGRAM 10,000
    KIDS CENTER
    1375 NW KINGSTON AVE
    BEND,OR97703     		  PC CAC CARENET DATABASE & TRACKING SYSTEM 5,000
    KIDS CLUB OF JEFFERSON COUNTY JEFFERSON COUNTY YOUTH ORGANIZATION
    PO BOX 571
    MADRAS,OR97741     		  PC LAUNCH A STEM PROGRAM AT THE CLUB 10,000
    KLAMATH-LAKE CARES
    2421 WASHBURN WAY H
    KLAMATH FALLS,OR97603     		  PC QUALIFYING & MEDICAL EXAMS AND PREVENTION ED 10,000
    LEBANON PUBLIC LIBRARY
    55 ACADEMY STREET
    LEBANON,OR97355     		  GOV PURCHASE LIBRARY MATERIALS 9,977
    LIBERTY HOUSE
    2685 4TH STREET NE
    SALEM,OR97301     		  PC PURCHASE 2 LAPTOPS AND 3 DESKTOP COMPUTERS 6,370
    LOOKING GLASS COMMUNITY SERVICES
    1790 W 11TH AVENUE SUITE 200
    EUGENE,OR97402     		  PC INTERACTIVE EDUCATIONAL TECH & TOOLS FOR CENTER POINT SCHOOL 10,000
    MARION POLK FOOD SHARE INC
    1660 SALEM INDUSTRIAL DRIVE NE
    SALEM,OR97301     		  PC SUMMER EDUCATION PROGRAM AT THE YOUTH FARM 10,000
    MARYS RIVER WATERSHED COUNCIL
    101 SW WESTERN BLVD SUITE 105
    CORVALLIS,OR97333     		  PC EXPLORING OREGON'S ECOSYSTEMS 10,000
    MID WILLAMETTE FAMILY YMCA
    3201 PACIFIC BLVD SW
    ALBANY,OR97321     		  PC PURCHASE 3 AEDS PLUS TRAINING 4,500
    MOUNTAINSTAR FAMILY RELIEF NURSERY
    2125 NE DAGGETT LANE
    BEND,OR97701     		  PC CONTINUING ED & PROF DEVELOPMENT FOR STAFF 10,000
    NEXT DOOR INC
    965 TUCKER ROAD
    HOOD RIVER,OR97031     		  PC SUMMER YOUTH EMPLOYMENT PROGRAM 10,000
    OLD MILL CENTER FOR CHILDREN AND FAMILIES INC
    1650 SW 45TH PLACE
    CORVALLIS,OR97333     		  PC SUPPORT THE THERAPEUTIC CLASSROOMS STAFF TRAINING 10,000
    OPHELIA'S PLACE
    1577 PEARL STREET SUITE 100
    EUGENE,OR97401     		  PC SUPPORT THE TRAUMA INTERVENTION & BEHAVIORAL HEALTH PROGRAM 10,000
    OPTIONS FOR SOUTHERN OREGON
    1215 SW G STREET
    GRANTS PASS,OR97526     		  PC MENTAL HEALTH COUNSELING IN JOSEPHINE HIGH SCHOOLS 10,000
    OREGON 4-H FOUNDATION
    119 BALLARD EXTENSION HALL OSU
    CORVALLIS,OR97331     		  PC FIND YOUR SPARK, STEM PROGRAM 10,000
    OREGON 4-H FOUNDATION
    1320 CAPITAL STREET NE
    SALEM,OR97301     		  PC STEM PROGRAMS 10,000
    OREGON 4-H FOUNDATION
    119 BALLARD EXTENSION HALL
    CORVALLIS
    CORVALLIS,OR97333     		  PC STEM PROGRAM W/ CURRY WATERSHED EDUCATION PROGRAM 9,201
    OREGON CASCADE WEST SENIOR SERVICES FOUNDATION
    1400 QUEEN AVENUE SE SUITE206
    ALBANY,OR97322     		  PC MEALS ON WHEELS FOR LINN AND BENTON 20,000
    OREGON COAST COMMUNITY ACTION
    1855 THOMAS AVE
    COOS BAY,OR97420     		  PC RESPITE CARE PROJECT 10,000
    OREGON MATHCOUNTS FOUNDATION
    70 SW CENTURY DR STE 100 PMB 353
    BEND,OR97702     		  PC SUPPORT ANNUAL PROGRAM EXPENSES 4,800
    OREGON MUSEUM OF SCIENCE & INDUSTRY
    1945 SE WATER AVE
    PORTLAND,OR97214     		  PC PROVIDE PROGRAMMING TO RURAL YOUTH USING STEM 10,000
    PARENTING NOW
    86 CENTENNIAL LOOP
    EUGENE,OR97401     		  PC SUPPORT FOR THE CHILDREN'S PROGRAM 10,000
    PEARL BUCK CENTER INC
    3690 WEST 1ST AVENUE
    EUGENE,OR97402     		  PC HEALTHY MEALS PROJECT 10,000
    PORT ORFORD-LANGLOIS SCHOOL DISTRICT 2CJ
    45525 HWY 101
    SIXES,OR97476     		  GOV IMPLEMENT A FAMILY & STUDENT ENGAGEMENT ADVOCACY PROGRAM 10,000
    QUILTS FROM CARING HANDS
    922 NW CIRCLE BLVD SUITE 160
    CORVALLIS,OR97330     		  PC MATERIALS TO MAKE 15 QUILTS 1,000
    REACHING OUR COMMUNITY FOOD PANTRY
    564 SW FOUNDRY STREET
    GRANTS PASS,OR97526     		  PC FOR FOOD PURCHASE 10,000
    RIDEABLE
    85230 HICKS LANE
    EUGENE,OR97405     		  PC INSTRUCTOR SALARY FOR A HIPPO-THERAPY PROGRAM 10,000
    ROSEBURG INDIAN BOOSTERS CLUB
    PO BOX 2084
    ROSEBURG,OR97471     		  PC 43 LAPTOPS & MOBILE CART 9,850
    SALEM ART ASSOCIATION
    600 MISSION STREET SE
    SALEM,OR97302     		  PC ART & HISTORY IMMERSION PROJECT FOR 4TH GRADERS 10,000
    SALEM LEADERSHIP FOUNDATION
    1300 BROADWAY ST NE SUITE 409
    SALEM,OR97301     		  PC SUPPORT THE COMMUNITY PARTNERSHIP TEAMS 10,000
    SCIO PUBLIC LIBRARY
    38957 NW 1ST AVE
    SCIO,OR97374     		  GOV FURNISHINGS AND LIBRARY MATERIALS 9,875
    SIUSLAW WATERSHED COUNCIL INC
    10868 E MAPLETON ROAD
    MAPLETON,OR97453     		  PC TEACH THE TEACHERS WATERSHED ECOLOGY 8,977
    SOUTH BENTON COMMUNITY ENHANCEMENT
    25184 WEBSTER AVE
    MONROE,OR97456     		  PC ART IN THE PARK 10,000
    SOUTHEAST KEIZER COMMUNITY CENTER
    1045 CANDLEWOOD DRIVE NE
    KEIZER,OR97303     		  PC STORAGE SHED AND MISC. PROGRAM SUPPLIES 5,000
    ST FRANCIS SHELTER
    1820 BERRY ST SE
    SALEM,OR97302     		  PC CASE MANAGEMENT 10,000
    STAR OF HOPE ACTIVITIES CENTER
    657 NEWMARK AVE
    COOS BAY,OR97420     		  PC PURCHASE & PLACE BOTTLE/CAN RECEPTACLES 9,985
    STAYTON FRIENDS OF THE LIBRARY
    515 N 1ST AVENUE
    STAYTON,OR97383     		  PC PURCHASE LIBRARY MATERIALS 10,000
    SWEET HOME PUBLIC LIBRARY
    1101 13TH AVENUE
    SWEET HOME,OR97386     		  GOV PURCHASE FURNITURE AND TECHNOLOGY 9,908
    THE DALLES-WASCO COUNTY LIBRARY FOUNDATION
    722 COURT ST
    THE DALLES,OR97058     		  PC PURCHASE STEM TECH & EQUIPMENT 10,000
    TRILLIUM FAMILY SERVICES
    4455 NE HWY 20
    CORVALLIS,OR97330     		  PC EQUINE ASSISTED THERAPY 10,000
    UNION GOSPEL MISSION ASSOCIATION OF SALEM
    745 COMMERCIAL STREET NE
    SALEM,OR97301     		  PC REVAMP THE LEARNING CENTER COMPUTERS 10,000
    WOMEN'S CRISIS SUPPORT TEAM
    560A NE F STREET 430
    GRANTS PASS,OR97526     		  PC SUPPORT THE FAMILY RESOURCE ADVOCATE POSITION 10,000
    WORDCRAFTERS IN EUGENE
    438 CHARNELTON STREET SUITE 102
    EUGENE,OR97401     		  PC WRITERS IN THE SCHOOLS PROGRAM 10,000
    YOUTH SYMPHONY OF SOUTHERN OREGON
    925 WEST 8TH STREET
    MEDFORD,OR97501     		  PC SUPPORT THE 30TH CONCERT SEASON SPECIAL INITIATIVES 5,000
    Total .................................bullet 3a 714,598
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 16,071  
    4 Dividends and interest from securities....     14 416,176  
    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 ............     		    18 660,393  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,092,640 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,092,640
    (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 (2019)
    Form 990-PF (2019)
    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) (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) (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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION FEES 5,700 0   5,700

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK 2,070,000 1,974,810
    PIMCO ALL ASSET 1,000,000 982,853
    VANGUARD ST INF-PROT SEC. INDEX FUND 598,690 585,877
    VANGUARD TOTAL BOND FUND 1,969,461 1,858,683

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHAMPLAIN 700,000 819,018
    DFA GLOBAL REAL ESTATE 1,000,000 1,000,094
    DODGE & COX INTL 1,300,000 1,245,122
    JOHN HANCOCK GLOBAL AE 1,100,000 1,115,313
    JOHCM INTL FUND 680,930 1,325,904
    SCHWAB SMALL CAP SWSSX 450,000 528,348
    VANGUARD INDEX 500 3,190,557 4,360,679
    VANGUARD TTL INTL VTIAX 2,224,177 2,237,256
    WESTWOOD EMG MKT 643,721 675,947
    WHG INC OPPTY FUND 679,848 881,981

    TY 2017 InvestmentsLandSchedule2
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 105,000 0 105,000 116,100

    TY 2017 InvestmentsOtherSchedule2
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LIFE INSURANCE POLICIES AT COST 322,706 390,753

    TY 2017 OtherExpensesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OR DEPT OF JUSTICE FEE 2,222 0   2,222
    INSURANCE PREMIUMS 162,379 162,379   0
    RENT, P.O. BOX 140 0   140
    BANK CHARGES 135 0   135
    PROPERTY MAINTENANCE 5,126 5,126   0


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO MANAGEMENT FEES 38,570 38,570   0


    TY 2017 TaxesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 1,925 1,925   0
    FEDERAL TAXES 24,220 0   0