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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 03-01-2018 , and ending 02-28-2019
Name of foundation
WAYNE C STEWART FOUNDATION UMA
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

91-6574050
B Telephone number (see instructions)

(503) 464-3580
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$6,833,534J 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      
4 Dividends and interest from securities... 152,319 152,319  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 128,887
b Gross sales price for all assets on line 6a 245,049
7 Capital gain net income (from Part IV, line 2)... 128,887
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 11,473    
12 Total. Add lines 1 through 11........ 292,679 281,206  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 73,004 65,704   7,300
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,657 6,975   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1,897 1,105   792
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,558 73,784 0 8,092
25 Contributions, gifts, grants paid....... 362,083 362,083
26 Total expenses and disbursements. Add lines 24 and 25 446,641 73,784 0 370,175
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -153,962
b Net investment income (if negative, enter -0-) 207,422
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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.............      
2 Savings and temporary cash investments......... 754,017 187,379 187,379
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,697,302 Click to see attachment4,923,788 5,993,254
c Investments—corporate bonds (attach schedule)....... 471,259 Click to see attachment657,239 652,901
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
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) 5,922,578 5,768,406 6,833,534
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 5,922,578 5,768,406
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 5,922,578 5,768,406
31 Total liabilities and net assets/fund balances (see instructions). 5,922,578 5,768,406
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
5,922,578
2
Enter amount from Part I, line 27a .....................
2
-153,962
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1
4
Add lines 1, 2, and 3 ..........................
4
5,768,617
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
211
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,768,406
Form 990-PF (2018)
Form 990-PF (2018)
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 64. BIOVERATIV INC   2017-01-06 2018-03-07
b 508. BAYER A G SPONSORED ADR   1901-01-01 2018-07-02
c 1628.43 NUVEEN SANTA BARBARA DIV GROWTH FD I     2018-10-26
d 1624.457 NUVEEN MID CAP VALUE FUND CL I   2012-10-18 2018-10-26
e 288. SKY PLC SPN A D R     2018-12-28
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,720   2,932 3,788
b 211     211
c 63,948   59,508 4,440
d 62,558   39,068 23,490
e 25,116   14,654 10,462
      86,496
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       3,788
b       211
c       4,440
d       23,490
e       10,462
       
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 2 128,887
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))
2017 375,299 6,798,785 0.055201
2016 317,175 6,395,125 0.049596
2015 371,552 6,611,789 0.056195
2014 336,756 6,855,433 0.049122
2013 266,013 6,422,139 0.041421
2
Total of line 1, column (d) .....................
2
0.251535
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
0.050307
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,808,415
5
Multiply line 4 by line 3......................
5
342,511
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,074
7
Add lines 5 and 6........................
7
344,585
8
Enter qualifying distributions from Part XII, line 4,.............
8
370,175
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 (2018)
Form 990-PF (2018)
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 2,074
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 2,074
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 2,074
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,868
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,868
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 9 206
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 2019 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 2018 or the taxable year beginning in 2018? 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 (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580

    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97204
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —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 2018, 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
     
    No
    .........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
    US BANK NA TRUSTEE
    1     		73,004    
    PO BOX 3168
    PORTLAND,OR97208
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    6,460,580
    b
    Average of monthly cash balances.......................
    1b
    451,516
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,912,096
    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
    6,912,096
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    103,681
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,808,415
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    340,421
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    340,421
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,074
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,074
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    338,347
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    11,473
    5
    Add lines 3 and 4............................
    5
    349,820
    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
    349,820
    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
    370,175
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    370,175
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    2,074
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    368,101
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 349,820
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 317,939
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 370,175
    a Applied to 2017, but not more than line 2a 317,939
    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 2018 distributable amount..... 52,236
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		297,584
    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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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).)
    NONE
    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.
    NONE
    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:
    LINDA THOMAS BUSH
    1025 NW BOND ST
    BEND,OR97701
    (541) 465-4120
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT ABOVE
    cAny submission deadlines:
    CONTACT ABOVE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESIDENTS OF GRANT COUNTY, OR
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    COLLEGE OF EMERGENCY SERVICES
    11731 SE STEVENS ROAD
    Portland,OR97086     		NONE I SCHOLARSHIPS 5,000
    NEUMONT COLLEGE OF COMPUTER SCIENCE
    143 MAIN ST
    Salt Lake City,UT84111     		NONE I SCHOLARSHIPS 5,000
    NORTHWEST LINE JATC
    9817 NE 54TH ST
    Vancouver,WA98662     		NONE I SCHOLARSHIPS 5,000
    DIVERS INSTITUTE OF TECHNOLOGY
    1341 N NORTHLAKE WAY SUITE 150
    Seattle,WA98103     		NONE I SCHOLARSHIPS 5,000
    BOSTON UNIVERSITY
    881 COMMONWEALTH AVENUE
    BOSTON,MA02215     		NONE I SCHOLARSHIPS 5,000
    MARIST COLLEGE
    3399 NORTH RD
    POUGHKEEPSIE,NY12601     		NONE I SCHOLARSHIPS 5,000
    MT HOOD COMMUNITY COLLEGE
    26000 SE STARK ST
    GRESHAM,OR97030     		NONE I SCHOLARSHIPS 5,000
    LANE COMMUNITY COLLEGE
    4000 E 30TH AVE
    EUGENE,OR97405     		NONE I SCHOLARSHIPS 18,000
    LINN-BENTON COMMUNITY COLLEGE
    6500 PACIFIC BLVD SW
    ALBANY,OR97321     		NONE I SCHOLARSHIPS 15,000
    CONCORDIA UNIVERSITY CHICAGO
    7400 AUGUSTA ST
    RIVER FOREST,IL60305     		NONE I SCHOLARSHIPS 5,000
    MARYVILLE UNIVERSITY
    650 MARYVILLE UNIVERSITY DR
    St Louis,MO63141     		NONE I SCHOLARSHIPS 5,000
    DUKE UNIVERSITY SCHOOL OF MEDICINE
    BOX 3067
    Durham,NC27710     		NONE I SCHOLARSHIPS 5,000
    EMORY UNIVERSITY
    Nell Hodgson Woodruff School of Nursing
    1762 CLIFTON RD
    Atlanta,GA30322     		NONE I SCHOLARSHIPS 750
    FRONTIER NURSING UNIVERSITY
    2050 LEXINGTON RD
    VERSAILLES,KY40383     		NONE I SCHOLARSHIPS 5,000
    BOISE STATE UNIVERSITY
    1910 UNIVERSITY DRIVE
    BOISE,ID83725     		NONE I SCHOLARSHIPS 10,000
    BRIGHAM YOUNG UNIVERSITY
    C-233 ASB
    PROVO,UT84602     		NONE I SCHOLARSHIPS 5,000
    WALLA WALLA UNIVERSITY
    204 S COLLEGE AVE
    College Place,WA99324     		NONE I SCHOLARSHIPS 5,000
    GEORGE FOX UNIVERSITY
    414 N MERIDIAN ST
    NEWBERG,OR97132     		NONE I SCHOLARSHIPS 5,000
    CLACKAMAS COMMUNITY COLLEGE
    SCHOLARSHIPS / FINANCIAL AID OFFICE
    19600 S MOLALLA AVE
    Oregon City,OR97045     		NONE I SCHOLARSHIPS 10,000
    KLAMATH COMMUNITY COLLEGE
    7390 S 6TH ST
    KLAMATH FALLS,OR97603     		NONE I SCHOLARSHIPS 5,000
    EASTERN OREGON UNIVERSITY
    FINANCIAL AID OFFICE
    ONE UNIVERSITY BLVD INLOW HALL ROOM
    LA GRANDE,OR97850     		NONE I SCHOLARSHIPS 148,333
    BLUE MOUNTAIN COMMUNITY COLLEGE
    2411 NW CARDEN
    PENDLETON,OR97801     		NONE I SCHOLARSHIPS 50,000
    CENTRAL OREGON COMMUNITY COLLEGE
    FINANCIAL AID OFFICE
    2600 NW COLLEGE WAY
    BEND,OR97701     		NONE I SCHOLARSHIPS 35,000
    Total .................................bullet 3a 362,083
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 152,319  
    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 ............     		    18 128,887  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRETURN OF PRIOR YE     		    1 11,473  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   292,679  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    292,679
    (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 (2018)
    Form 990-PF (2018)
    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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA
    EIN:
    91-6574050
    Name of Bond End of Year Book Value End of Year Fair Market Value
    464287176 ISHARES BARCLAYS TIP 128,611 121,857
    922020805 VANGUARD SHORT-TERM 98,117 98,036
    258620103 DOUBLELINE TOTAL RET 261,954 263,367
    73936T573 POWERSHARES EMERG M    
    74440B884 PGIM TOTAL RETURN BO 168,557 169,641

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA
    EIN:
    91-6574050
    Name of Stock End of Year Book Value End of Year Fair Market Value
    89353D107 TRANSCANADA CORP 30,334 29,426
    247361702 DELTA AIR LINES INC 36,152 36,094
    654624105 NIPPON TELEGRAPH TEL 20,643 20,637
    771195104 ROCHE HOLDINGS LTD S 53,026 53,396
    37733W105 GLAXO SMITHKLINE P L 59,828 60,338
    594918104 MICROSOFT CORP 28,959 62,289
    56585A102 MARATHON PETROLEUM C 15,610 19,161
    02079K305 ALPHABET INC CL A 43,504 65,340
    N53745100 LYONDELLBASELL INDUS 16,246 15,736
    755111507 RAYTHEON COMPANY 19,727 26,856
    000375204 ABB LTD A D R 15,372 14,250
    31620M106 FIDELITY NATL INFORM 15,527 22,820
    060505104 BANK OF AMERICA CORP 37,558 47,924
    46625H100 J P MORGAN CHASE CO 16,340 26,716
    585464100 MELCO CROWN ENTERTAI 28,676 41,449
    81762P102 SERVICENOW INC 12,074 48,367
    686330101 ORIX CORP SPONS A D 28,627 26,687
    57636Q104 MASTERCARD INC 18,660 48,101
    110448107 BRITISH AMERN TOB PL 29,059 18,884
    66987V109 NOVARTIS AG A D R 71,683 85,118
    127097103 CABOT OIL GAS CORP C 26,668 28,559
    501044101 KROGER CO 25,608 22,760
    H1467J104 CHUBB LTD 29,473 29,994
    34407D109 FLY LEASING LTD A D 60,447 50,179
    256135203 DR REDDYS LABORATORI 32,203 26,376
    500467501 KONINKLIJKE AHOLD DE 47,204 58,776
    23636T100 DANONE SPONS A D R 34,943 38,405
    861012102 STMICROELECTRONICS N 41,382 62,397
    023135106 AMAZON.COM INC 53,564 141,025
    653656108 NICE SYS LTD SPONSOR 78,868 174,887
    855244109 STARBUCKS CORP 12,623 19,603
    641069406 NESTLE SA SPONSORED 108,148 131,430
    92937A102 WPP PLC SPONSORED A 41,043 19,741
    N59465109 MYLAN NV 21,829 14,963
    83175M205 SMITH NEPHEW P L C 66,376 76,391
    138006309 CANON INC SPONS A D 135,038 120,845
    670100205 NOVO NORDISK AS A D 19,784 19,091
    14149Y108 CARDINAL HEALTH INC 34,152 24,725
    097023105 BOEING CO 11,289 31,237
    16119P108 CHARTER COMMUNICATIO 1,560 2,414
    78409V104 S P GLOBAL INC 16,563 28,853
    670678507 NUVEEN REAL ESTATE S 383,378 407,194
    48268K101 KT CORP SP A D R 77,729 76,303
    693483109 POSCO A D R 21,951 25,477
    756255204 RECKITT BENCKISER SP 25,238 20,218
    78463X863 SPDR DOW JONES INTER 430,181 426,576
    60687Y109 MIZUHO FNL GRP A D R 53,813 40,346
    62942M201 NTT DOCOMO INC A D R 21,926 31,369
    961214301 WESTPAC BANKING COPR 14,842 11,299
    00687A107 ADIDAS AG A D R 34,324 62,035
    294429105 EQUIFAX INC 35,761 32,415
    037833100 APPLE INC 22,759 42,422
    670690759 NUVEEN MID CAP GRWTH 125,615 110,190
    697435105 PALO ALTO NETWORKS I 26,056 47,284
    28176E108 EDWARDS LIFESCIENCES 16,760 29,287
    03027X100 AMERICAN TOWER CORP 24,584 43,861
    559222401 MAGNA INTL INC CL 22,398 26,154
    126650100 CVS HEALTH CORPORATI 46,150 32,385
    931142103 WAL MART STORES INC 22,142 32,073
    456463108 INDUSTRIAS BACHOCO S 54,274 43,223
    86562M209 SUMITOMO MITSUI FINL 18,922 15,565
    896438306 TRINITY BIOTECH PLC 30,397 9,111
    83084V106 SKY PLC SPN A D R    
    30303M102 FACEBOOK INC A 10,284 55,539
    22160K105 COSTCO WHSL CORP 13,553 27,561
    67065W639 NUVEEN SANTA BARBARA 82,236 119,275
    151020104 CELGENE CORPORATION 20,079 26,682
    358029106 FRESENIUS MED AKTIEN 20,682 21,689
    437076102 HOME DEPOT INC 12,975 21,291
    670678200 NUVEEN SMALL CAP VAL 66,779 118,901
    17133Q502 CHUNGHWA TELECOM CO 41,009 47,181
    09062X103 BIOGEN, INC 34,848 41,985
    256746108 DOLLAR TREE INC 35,428 44,119
    75955B102 RELX NV SPON A D R 42,212 54,986
    046353108 ASTRAZENECA P L C SP 13,455 19,667
    848637104 SPLUNK INC 17,359 39,949
    904784709 UNILEVER N V A D R 14,676 18,785
    91324P102 UNITED HEALTH GROUP 10,000 43,357
    92932M101 WNS HOLDINGS LTD ADR 19,204 41,818
    779572106 T ROWE PRICE SMALL C 117,338 138,068
    072730302 BAYER AG A D R 13,750 10,206
    808513105 SCHWAB CHARLES CORP 38,405 42,743
    024835100 AMERICAN CAMPUS COMM 30,158 26,856
    67103H107 O REILLY AUTOMOTIVE 21,324 29,385
    15135U109 CENOVUS ENERGY INC 25,671 15,270
    922908728 VANGUARD TOTAL STOCK 248,531 332,565
    09857L108 BOOKING HOLDINGS INC 15,744 23,759
    636274409 NATIONAL GRID PLC A 45,710 35,765
    05367G100 AVIANCA HOLDINGS A D 18,854 6,540
    77954Q106 T ROWE PRICE BLUE CH 205,172 399,041
    930004304 WACOAL HOLDINGS CORP 18,065 19,383
    922038104 VANGUARD STRATEGIC E 235,470 280,974
    303075105 FACTSET RESEARCH SYS 16,442 22,576
    670678663 NUVEEN MID CAP VALUE 48,003 76,665
    46138E784 INVESCO EMERGING MAR 342,648 309,402
    09075E100 BIOVERATIV INC    
    316066109 FIDELITY CAP TR APPR 22,154 24,244

    TY 2018 OtherDecreasesSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA
    EIN:
    91-6574050
    Description Amount
    BAYER AG A D R ADJ 211


    TY 2018 OtherExpensesSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA
    EIN:
    91-6574050
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE/TAXES 792 0   792
    ADR FEES 1,105 1,105   0


    TY 2018 OtherIncomeSchedule2
    Name:
    WAYNE C STEWART FOUNDATION UMA
    EIN:
    91-6574050
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RETURN OF PRIOR YEAR GRANTS 11,473 0  


    TY 2018 OtherIncreasesSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA
    EIN:
    91-6574050
    Description Amount
    ROUNDING ADJ 1


    TY 2018 TaxesSchedule
    Name:
    WAYNE C STEWART FOUNDATION UMA
    EIN:
    91-6574050
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,811 5,811   0
    FEDERAL TAX PAYMENT - PRIOR YE 814 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,868 0   0
    FOREIGN TAXES ON NONQUALIFIED 1,164 1,164   0