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 07-01-2018 , and ending 06-30-2019
Name of foundation
JANE BUTTREY MEMORIAL TRUST
 
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

81-6014941
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$1,350,299J 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... 33,244 33,036  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,090
b Gross sales price for all assets on line 6a 606,077
7 Capital gain net income (from Part IV, line 2)... 37,090
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).......      
12 Total. Add lines 1 through 11........ 70,334 70,126  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 13,029 11,726   1,303
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 2,433 502   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 1    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,463 12,229 0 1,303
25 Contributions, gifts, grants paid....... 60,000 60,000
26 Total expenses and disbursements. Add lines 24 and 25 75,463 12,229 0 61,303
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,129
b Net investment income (if negative, enter -0-) 57,897
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............. 193    
2 Savings and temporary cash investments......... 25,012 31,236 31,236
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)....... 634,274 Click to see attachment647,662 851,661
c Investments—corporate bonds (attach schedule)....... 473,884 Click to see attachment425,315 429,321
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,700 Click to see attachment38,482 38,081
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) 1,148,063 1,142,695 1,350,299
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........ 1,148,063 1,142,695
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)..... 1,148,063 1,142,695
31 Total liabilities and net assets/fund balances (see instructions). 1,148,063 1,142,695
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
1,148,063
2
Enter amount from Part I, line 27a .....................
2
-5,129
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,142,934
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
239
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,142,695
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 473.037 BAIRD AGGREGATE BOND FD INSTL     2018-07-12
b 10. ISHARES MSCI EAFE GROWTH INDEX ETF   2018-04-24 2018-07-12
c 158. ISHARES MSCI EAFE GROWTH INDEX ETF   2017-06-20 2018-07-12
d 1395.39 JOHN HANCOCK II GL ABS RE I     2018-07-12
e 828.127 NEUBERGER BERMAN LONG SH INS   2015-02-19 2018-07-12
1. ALPHABET INC CL C   2012-01-20 2018-07-16
15. APPLE COMPUTER INC   2013-06-12 2018-07-16
945.18 BAIRD AGGREGATE BOND FD INSTL   2014-10-15 2018-07-16
25. CVS CORP COM   2012-07-13 2018-07-16
50. CISCO SYS INC     2018-07-16
5. COSTCO WHSL CORP NEW   2015-09-09 2018-07-16
10. WALT DISNEY CO   2013-04-23 2018-07-16
10. EXXON MOBIL CORP     2018-07-16
360.825 FEDERATED INST HI YLD BD FD     2018-07-16
25. INTEL CORP COM     2018-07-16
10. JOHNSON & JOHNSON   2004-03-31 2018-07-16
15. MARATHON PETROLEUM CORP   2017-05-24 2018-07-16
8. MASTERCARD INC   2013-02-22 2018-07-16
25. STARBUCKS CORP   2010-10-18 2018-07-16
7. STRYKER CORP     2018-07-16
15. UNITED TECHNOLOGIES CORP   2004-05-26 2018-07-16
60. VANGUARD REIT ETF     2018-07-16
15. MEDTRONIC PLC   2015-01-27 2018-07-16
626.566 CALVERT SHORT DURATION INCOME I     2018-07-17
32.159 VANGUARD EQUITY INCOME ADM     2018-07-17
50. VANGUARD REIT ETF   2014-10-15 2018-07-17
1286.038 T ROWE PRICE INTL GRINC FD     2018-07-23
945.18 BAIRD AGGREGATE BOND FD INSTL   2014-10-15 2018-08-16
242.483 NUVEEN REAL ESTATE SECS I   2014-10-15 2018-08-16
260. GENERAL ELEC CO     2018-09-18
10. MARATHON PETROLEUM CORP   2017-06-28 2018-09-18
960.615 BAIRD AGGREGATE BOND FD INSTL     2018-10-17
358.337 FIDELITY INVT TR AD INTL DISCI     2018-10-17
79.728 ROWE T PRICE MID CAP GROWTH FD INC     2018-10-17
1250. BAIRD AGGREGATE BOND FD INSTL     2018-10-19
122.011 FIDELITY INVT TR AD INTL DISCI     2018-10-19
14. PRAXAIR INC   2003-12-22 2018-10-31
98.736 CAMBIAR INTL EQUITY FUND INS   2015-12-08 2018-12-04
1730.769 BAIRD AGGREGATE BOND FD INSTL     2018-12-04
1. BOOKING HOLDINGS INC   2015-09-29 2018-12-04
46. CVS CORP COM   2012-07-13 2018-12-04
25. CISCO SYS INC   2016-04-06 2018-12-04
246.427 FIDELITY INVT TR AD INTL DISCI     2018-12-04
46. HORMEL FOODS CORPORATIONCOM     2018-12-04
116. ISHARES BARCLAYS TIPS BOND ETF     2018-12-04
5. MCDONALDS CORP   2016-01-20 2018-12-04
8. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010   2015-07-01 2018-12-04
7. PROCTER & GAMBLE CO     2018-12-04
52.955 ROWE T PRICE MID CAP GROWTH FD INC     2018-12-04
9. STRYKER CORP   2014-08-05 2018-12-04
59. VERIZON COMMUNICATIONS     2018-12-04
59. WELLS FARGO & CO NEW   2003-02-20 2018-12-04
14. LINDE PLC   2003-12-22 2018-12-04
20. BANK OF AMERICA CORP   2015-09-08 2018-12-11
7. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010     2018-12-11
185. ISHARES S P U S PREFERRED STOCK ETF     2018-12-19
308.325 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2013-03-07 2018-12-19
865.052 PRUDENTIAL SHORT DURATION HIGH YIELD     2018-12-19
100. SCHWAB U.S. TIPS ETF     2018-12-27
75. SCHWAB U.S. TIPS ETF   2017-12-11 2018-12-27
142.18 BAIRD AGGREGATE BOND FD INSTL   2014-07-24 2019-01-07
190.295 NUVEEN CORE PLUS BOND I   2017-10-18 2019-01-07
25000. WELLS FARGO CO 2.150% 1/15/19   2016-11-22 2019-01-15
1. BANK OF AMERICA CLASS ACTION PROCEEDS   2019-02-13 2019-02-13
25000. U S TREASURY NT 2.750% 2/15/19     2019-02-15
437.97 FIDELITY INVT TR AD INTL DISCI     2019-02-27
394.789 CAMBIAR INTL EQUITY FUND INS     2019-03-05
81. ATT INC     2019-03-08
340.409 CAMBIAR INTL EQUITY FUND INS     2019-03-08
5. COSTCO WHSL CORP NEW     2019-03-08
15. NIKE INC. CLASS B   2017-01-11 2019-03-08
15. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010   2015-02-19 2019-03-08
32. PPG INDS INC COM     2019-03-08
13. RAYTHEON COMPANY     2019-03-08
6. RAYTHEON COMPANY   2018-03-06 2019-03-08
5. SERVICENOW INC   2017-05-18 2019-03-08
1. ACCENTURE PLC CL A   2012-05-02 2019-03-08
493.161 GLENMEDE SMALL CAP EQUITY INSTL     2019-03-11
10. INTEL CORP COM   2013-06-12 2019-03-11
9. NIKE INC. CLASS B   2015-04-09 2019-03-11
5. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010   2015-02-19 2019-03-11
135. PARSLEY ENERGY INC-CLASS A     2019-03-11
4. ACCENTURE PLC CL A   2012-05-02 2019-03-11
8. MEDTRONIC PLC     2019-03-11
1. PFIZER INC COM   2019-03-13 2019-03-13
531.895 CAMBIAR INTL EQUITY FUND INS     2019-03-25
10000. BANK OF AMERICA CORP 2.650% 4/01/19   2018-04-20 2019-04-01
15. BIOGEN, INC     2019-04-23
226.098 CAUSEWAY INTERNATL VALUE INS   2018-07-23 2019-04-23
200. IPATH DOW JONES UBS COMMODITY     2019-05-13
100. IPATH DOW JONES UBS COMMODITY   2018-07-12 2019-05-13
580.913 GOLDMAN SACHS COMM STRAT INS   2018-07-12 2019-05-13
150.784 ROBECO BOSTON PARTNERS L S RSRCH   2018-07-12 2019-05-13
843.252 ROBECO BOSTON PARTNERS L S RSRCH     2019-05-13
100. VANGUARD REIT ETF   2014-10-15 2019-05-13
15000. U S TREASURY NT 3.125% 5/15/19     2019-05-15
35. VANGUARD REIT ETF   2014-10-15 2019-05-17
1541.624 LOOMIS SAYLES STRATEGIC ALPHA FUND Y     2019-05-20
332.668 ROBECO BOSTON PARTNERS L S RSRCH     2019-05-20
2252.797 LOOMIS SAYLES STRATEGIC ALPHA FUND Y     2019-05-24
1910.828 OPPENHEIMER SENIOR FLOATING RATE I     2019-05-24
563.698 PRUDENTIAL SHORT DURATION HIGH YIELD     2019-05-24
1005.362 ROBECO BOSTON PARTNERS L S RSRCH   2013-02-22 2019-05-24
25. VANGUARD REIT ETF   2014-10-15 2019-05-24
824.742 CAUSEWAY INTERNATL VALUE INS   2018-07-23 2019-05-28
234.114 ROBECO BOSTON PARTNERS L S RSRCH   2013-02-22 2019-05-28
3. COSTCO WHSL CORP NEW   2017-09-27 2019-06-05
2. SERVICENOW INC   2017-05-18 2019-06-05
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 5,000   5,246 -246
b 794   809 -15
c 12,542   11,748 794
d 14,177   14,700 -523
e 12,389   10,832 1,557
1,186   292 894
2,860   934 1,926
9,991   10,302 -311
1,703   1,200 503
2,133   1,408 725
1,070   705 365
1,101   623 478
823   435 388
3,496   3,660 -164
1,302   791 511
1,244   505 739
1,072   794 278
1,639   415 1,224
1,274   344 930
1,211   566 645
1,937   625 1,312
4,908   4,669 239
1,315   1,142 173
10,000   10,167 -167
2,506   1,947 559
4,062   3,629 433
18,570   16,831 1,739
10,000   10,302 -302
5,039   5,567 -528
3,281   6,247 -2,966
839   527 312
9,990   10,448 -458
14,925   14,870 55
7,475   6,763 712
12,975   13,497 -522
5,017   4,809 208
2,288   531 1,757
2,442   2,433 9
18,069   18,606 -537
1,873   1,195 678
3,629   2,208 1,421
1,197   699 498
9,795   9,654 141
2,081   1,638 443
12,722   13,313 -591
930   577 353
1,028   779 249
657   570 87
4,847   4,363 484
1,560   723 837
3,444   1,666 1,778
3,070   1,365 1,705
2,280   2,288 -8
502   323 179
882   676 206
6,290   6,814 -524
2,960   3,207 -247
7,483   8,113 -630
5,316   5,460 -144
3,987   4,154 -167
1,499   1,528 -29
2,000   2,105 -105
25,000   25,134 -134
42     42
25,000   25,132 -132
17,440   16,069 1,371
10,000   9,725 275
2,412   2,779 -367
8,446   8,374 72
1,135   825 310
1,264   793 471
1,890   1,370 520
3,488   3,251 237
2,334   2,764 -430
1,077   1,281 -204
1,162   494 668
161   65 96
12,669   13,250 -581
535   249 286
770   454 316
644   457 187
2,406   4,192 -1,786
655   260 395
733   609 124
41     41
13,329   12,623 706
10,000   10,007 -7
3,482   4,007 -525
3,495   3,728 -233
4,344   4,915 -571
2,172   2,328 -156
6,489   7,000 -511
2,253   2,500 -247
12,598   11,535 1,063
8,639   7,209 1,430
15,000   15,047 -47
3,076   2,523 553
15,000   15,762 -762
4,987   4,246 741
21,920   21,780 140
15,000   15,884 -884
5,006   5,256 -250
15,030   12,718 2,312
2,200   1,802 398
11,893   13,600 -1,707
3,474   2,962 512
744   493 251
525   198 327
      13,440
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       -246
b       -15
c       794
d       -523
e       1,557
      894
      1,926
      -311
      503
      725
      365
      478
      388
      -164
      511
      739
      278
      1,224
      930
      645
      1,312
      239
      173
      -167
      559
      433
      1,739
      -302
      -528
      -2,966
      312
      -458
      55
      712
      -522
      208
      1,757
      9
      -537
      678
      1,421
      498
      141
      443
      -591
      353
      249
      87
      484
      837
      1,778
      1,705
      -8
      179
      206
      -524
      -247
      -630
      -144
      -167
      -29
      -105
      -134
      42
      -132
      1,371
      275
      -367
      72
      310
      471
      520
      237
      -430
      -204
      668
      96
      -581
      286
      316
      187
      -1,786
      395
      124
      41
      706
      -7
      -525
      -233
      -571
      -156
      -511
      -247
      1,063
      1,430
      -47
      553
      -762
      741
      140
      -884
      -250
      2,312
      398
      -1,707
      512
      251
      327
       
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 37,090
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 62,835 1,338,332 0.04695
2016 63,579 1,270,363 0.050048
2015 66,775 1,246,752 0.053559
2014 63,122 1,338,988 0.047142
2013 64,455 1,324,741 0.048655
2
Total of line 1, column (d) .....................
2
0.246354
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
0.049271
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,299,908
5
Multiply line 4 by line 3......................
5
64,048
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
579
7
Add lines 5 and 6........................
7
64,627
8
Enter qualifying distributions from Part XII, line 4,.............
8
61,303
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 1,158
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 1,158
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 1,158
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,292
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 1,292
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 134
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet134 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)
    bulletMT
    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     		13,029    
    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
    1,284,776
    b
    Average of monthly cash balances.......................
    1b
    34,928
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,319,704
    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
    1,319,704
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    19,796
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,299,908
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    64,995
    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
    64,995
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,158
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,158
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    63,837
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    63,837
    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
    63,837
    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
    61,303
    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
    61,303
    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
    61,303
    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 63,837
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    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...... 2,230
    d From 2016...... 712
    e From 2017...... 0
    fTotal of lines 3a through e........ 2,942
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 61,303
    a Applied to 2017, but not more than line 2a 0
    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..... 61,303
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 2,534 2,534
    (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 5 408
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		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 ......     		408
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 408
    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).)
    NA
    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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    CARROLL COLLEGE
    1601 NORTH BENTON AVENUE
    HELENA,MT596250002     		NONE I SCHOLARSHIP 3,000
    MONTANA TECHUNIVERSITY OF MONTANA
    1300 WEST PARK STREET
    BUTTE,MT597018932     		NONE I SCHOLARSHIP 3,000
    MONTANA STATE UNIVERSITYBOZEMAN
    183 STRAND UNION BUILDING
    BOZEMAN,MT59717     		NONE I SCHOLARSHIP 12,000
    MONTANA STATE UNIVERSITYBILLINGS
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE I SCHOLARSHIP 6,000
    MONTANA STATE UNIVERSITYNORTHERN
    PO BOX 7751
    HAVRE,MT59501     		NONE I SCHOLARSHIP 6,000
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT591021739     		NONE I SCHOLARSHIP 3,000
    SEMINARY OF THE SOUTHWEST
    501 E 32ND ST
    AUSTIN,TX78705     		NONE I SCHOLARSHIP 3,000
    ST EDWARD'S UNIVERSITY
    3001 SOUTH CONGRESS AVENUE
    AUSTIN,TX787046425     		NONE I SCHOLARSHIP 3,000
    ST STEPHEN'S EPISCOPAL SCHOOL
    6500 ST STEPHENS DRIVE
    AUSTIN,TX78746     		NONE I SCHOLARSHIP 3,000
    UNIVERISTY OF PROVIDENCE
    1301 20TH STREET SOUTH
    GREAT FALLS,MT59405     		NONE I SCHOLARSHIP 3,000
    UNIVERSITY OF MONTANA-WESTERN
    710 SOUTH ATLANTIC
    DILLON,MT59725     		NONE I SCHOLARSHIP 3,000
    UNIVERSITY OF MONTANA
    32 CAMPUS DR
    MISSOULA,MT59812     		NONE I SCHOLARSHIP 12,000
    Total .................................bullet 3a 60,000
    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 33,244  
    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 37,090  
    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)..   70,334  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    70,334
    (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:
    JANE BUTTREY MEMORIAL TRUST
    EIN:
    81-6014941
    Name of Bond End of Year Book Value End of Year Fair Market Value
    94974BFQ8 WELLS FARGO CO    
    87612EAV8 TARGET CORP 40,640 40,722
    00206RCL4 AT T INC 24,842 24,989
    670678622 NUVEEN CORE PLUS BON    
    057071854 BAIRD AGGREGATE BOND 13,070 13,479
    808524870 SCHWAB U.S. TIPS ETF    
    31420B300 FEDERATED INST HI YL 26,024 26,495
    464287176 ISHARES BARCLAYS TIP 12,791 13,974
    63872T620 LOOMIS SAYLES STRATE    
    278642AC7 EBAY INC 25,123 25,221
    912828KD1 U S TREASURY NT    
    13161T401 CALVERT SHORT DURATI 15,833 16,003
    68381K606 OPPENHEIMER SENIOR F    
    06051GFD6 BANK OF AMERICA CORP    
    74442J406 PRUDENTIAL SHORT DUR 30,427 29,762
    464288687 ISHARES S P U S PRE 12,956 13,450
    670690387 NUVEEN INFLATION PRO    
    61690UAJ9 MORGAN STANLEY C D 9,985 10,106
    922020805 VANGUARD SHORT-TERM 8,851 9,026
    17325FAN8 CITIBANK NA 14,986 15,081
    912828LY4 U S TREASURY NT 30,178 30,134
    9128285B2 U S TREASURY NT 35,214 35,366
    949763XA9 WELLS FARGO BANK C D 25,000 25,474
    024932154 AMERICAN CENTURY HIG 13,000 13,112
    912828NT3 U S TREASURY NT 35,076 35,273
    464287226 ISHARES CORE TOTAL U 26,166 26,613
    912828LJ7 25,153 25,041

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST
    EIN:
    81-6014941
    Name of Stock End of Year Book Value End of Year Fair Market Value
    46434G103 ISHARES CORE MSCI EM 31,397 35,185
    88579Y101 3M CO 2,481 2,947
    02079K305 ALPHABET INC CL A 1,809 7,580
    670678507 NUVEEN REAL ESTATE S 19,433 18,357
    06828M876 BARON EMERGING MARKE 20,500 21,325
    254687106 DISNEY WALT CO 2,493 5,586
    693475105 P N C FINANCIAL SERV 1,549 2,334
    808513105 SCHWAB CHARLES CORP 2,727 4,019
    779556109 ROWE T PRICE MID-CAP 20,715 30,123
    949746101 WELLS FARGO CO    
    060505104 BANK OF AMERICA CORP 2,884 5,481
    92343V104 VERIZON COMMUNICATIO    
    46625H100 J P MORGAN CHASE CO 4,420 11,180
    77956H849 T ROWE PRICE INTL GR    
    H1467J104 CHUBB LTD 3,602 4,713
    56585A102 MARATHON PETROLEUM C 4,528 5,141
    717081103 PFIZER INC 4,696 7,581
    126650100 CVS HEALTH CORPORATI    
    548661107 LOWES CO INC 2,505 5,348
    478160104 JOHNSON JOHNSON 2,724 7,521
    921921300 VANGUARD EQUITY INCO 11,951 13,873
    922908710 VANGUARD 500 INDEX A 29,769 45,017
    46432F842 ISHARES CORE MSCI EA 49,385 58,944
    64128R608 NEUBERGER BERMAN LON    
    315910620 FIDELITY INVT TR AD    
    713448108 PEPSICO INC 1,792 4,590
    741479109 PRICE T ROWE GROWTH 16,200 19,127
    30303M102 FACEBOOK INC A 6,126 8,685
    00769G543 CAMBIAR INTL EQUITY    
    458140100 INTEL CORP 1,618 3,112
    464288877 ISHARES MSCI EAFE VA 24,890 24,468
    00206R102 ATT INC    
    654106103 NIKE INC 1,487 2,602
    931142103 WAL MART STORES INC 2,651 4,862
    863667101 STRYKER CORP    
    74005P104 PRAXAIR INC    
    023135106 AMAZON.COM INC 8,912 17,043
    779572106 T ROWE PRICE SMALL C 14,173 18,323
    G5960L103 MEDTRONIC PLC 4,481 5,843
    378690606 GLENMEDE SC EQUITY P    
    02079K107 ALPHABET INC CL C 631 3,243
    09062X103 BIOGEN, INC    
    922908553 VANGUARD REIT ETF 12,326 14,771
    037833100 APPLE INC 5,479 18,407
    806857108 SCHLUMBERGER LTD 1,733 1,590
    17275R102 CISCO SYSTEMS INC 2,748 5,637
    03027X100 AMERICAN TOWER CORP 3,854 7,360
    57636Q104 MASTERCARD INC 2,956 15,078
    06738C778 IPATH DOW JONES UBS    
    22160K105 COSTCO WHSL CORP 3,136 5,549
    G1151C101 ACCENTURE PLC CL A 846 2,402
    247361702 DELTA AIR LINES INC 5,216 6,129
    00287Y109 ABBVIE INC 4,221 5,309
    172967424 CITIGROUP INC 3,096 5,112
    097023105 BOEING CO 1,500 6,188
    369604103 GENERAL ELECTRIC CO    
    693506107 P P G INDS INC    
    922908645 VANGUARD MID-CAP IND 21,500 27,027
    19765N245 COLUMBIA FDS SER DIV 12,891 14,012
    149498107 CAUSEWAY EMERGING MA 17,298 19,123
    74925K581 ROBECO BOSTON PARTNE 12,853 15,565
    464288885 ISHARES MSCI EAFE GR    
    742718109 PROCTER GAMBLE CO 3,370 4,715
    594918104 MICROSOFT CORP 2,683 22,371
    855244109 STARBUCKS CORP 481 2,934
    77957Y106 T ROWE PRICE MID CAP 29,405 30,498
    30231G102 EXXON MOBIL CORP 2,164 5,441
    91324P102 UNITED HEALTH GROUP 5,906 7,076
    580135101 MCDONALDS CORP 2,887 5,192
    913017109 UNITED TECHNOLOGIES 1,876 5,859
    81762P102 SERVICENOW INC 988 2,746
    922908686 VANGUARD SMALL CAP I 33,500 35,852
    012653101 ALBEMARLE CORP 1,820 1,408
    701877102 PARSLEY ENERGY INC-C    
    440452100 HORMEL FOODS CORP 2,388 2,797
    89353D107 TRANSCANADA CORP    
    09857L108 BOOKING HOLDINGS INC    
    755111507 RAYTHEON COMPANY    
    464287499 ISHARES RUSSELL MIDC 37,071 38,327
    N53745100 LYONDELLBASELL INDUS 1,295 1,378
    285512109 ELECTRONIC ARTS INC 1,333 1,418
    09247X101 BLACKROCK INC 4,014 4,693
    87807B107 TC ENERGY CORP 3,379 3,516
    464287200 ISHARES S P 500 E T 5,959 6,190
    70450Y103 PAYPAL HOLDINGS INC 2,972 4,006
    055622104 BP PLC SPONS A D R 2,676 2,794
    15135B101 CENTENE CORP COM 2,803 2,622
    14949P208 CAUSEWAY INTERNATL V 14,172 13,471
    412295107 HARDING LOEVNER INTL 55,000 56,483
    031162100 AMGEN INC 2,620 2,764
    524686524 LEGG MASON CLEARBRID 10,000 10,555
    438516106 HONEYWELL INTERNATIO 2,718 3,143

    TY 2018 InvestmentsOtherSchedule2
    Name:
    JANE BUTTREY MEMORIAL TRUST
    EIN:
    81-6014941
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    47804M878 JOHN HANCOCK II GL A      
    00141G856 INVESCO OPPENHEIMER AT COST 12,887 12,448
    87245P668 TIAA CREF INFLATION AT COST 13,200 13,157
    87245P684 TIAA CREF BOND PLUS AT COST 12,395 12,476

    TY 2018 OtherDecreasesSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST
    EIN:
    81-6014941
    Description Amount
    XXX-XX-XXXX ROC ADJUSTMENT 177
    74442J406 ROC ADJUSTMENT 33
    COST BASIS ADJUSTMENT 29


    TY 2018 OtherExpensesSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST
    EIN:
    81-6014941
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 1 1   0


    TY 2018 TaxesSchedule
    Name:
    JANE BUTTREY MEMORIAL TRUST
    EIN:
    81-6014941
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 425 425   0
    FEDERAL TAX PAYMENT - PRIOR YE 639 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,292 0   0
    FOREIGN TAXES ON NONQUALIFIED 77 77   0