TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 01-01-2018 , and ending 12-31-2018

Name of foundation
MERRITT SAM & BERTHA MEMORIAL TR

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

23-7035116

B Telephone number (see instructions)

(701) 222-6221

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,924,773J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	81,757		80,045
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		416,244
b	Gross sales price for all assets on line 6a 1,022,999
7	Capital gain net income (from Part IV, line 2)...			416,244
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........	498,001		496,289
13	Compensation of officers, directors, trustees, etc.	42,417		38,176		4,242
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).......		1,000	0	0	1,000
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		6,527	2,083		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).......		1	1
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	49,945		40,260	0	5,242
25	Contributions, gifts, grants paid.......	153,838				153,838
26	Total expenses and disbursements. Add lines 24 and 25	203,783		40,260	0	159,080
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	294,218
b	Net investment income (if negative, enter -0-)			456,029
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	2,184	469	469
	2	Savings and temporary cash investments.........	14,779	6,446	6,446
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	1,666,065	1,717,593	1,795,657
	c	Investments—corporate bonds (attach schedule).......	923,571	1,172,887	1,120,074
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	1,152	2,127	2,127
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,607,751	2,899,522	2,924,773
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	2,607,751	2,899,522
	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).....	2,607,751	2,899,522
	31	Total liabilities and net assets/fund balances (see instructions).	2,607,751	2,899,522

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,607,751

Enter amount from Part I, line 27a .....................

294,218

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

2,901,969

Decreases not included in line 2 (itemize) bullet

2,447

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

2,899,522

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	1395.673 CAMBIAR INTL EQUITY FUND INS		2013-11-06	2018-03-15
b	415.55 CAUSEWAY EMERGING MARKETS INSTL		2014-09-22	2018-03-15
c	260. DOVER CORP		2013-02-14	2018-03-15
d	160. ISHARES MSCI EMERGING MARKETS ETF		2015-12-29	2018-03-15
e	50. PRAXAIR INC		2016-09-21	2018-03-15
	161.499 ROWE T PRICE MID CAP GROWTH FD INC		2017-01-18	2018-03-15
	415. CANADIAN NATURAL RESOURCES LTD		2016-09-21	2018-06-21
	4527.163 LOOMIS SAYLES STRATEGIC ALPHA FUND Y		2014-03-24	2018-06-21
	573.973 NUVEEN REAL ESTATE SECS I			2018-06-21
	264.66 ROWE T PRICE MID-CAP VALUE FD INC			2018-06-21
	300. VERIZON COMMUNICATIONS		2016-09-21	2018-06-21
	515. ATT INC			2018-07-02
	115. AMERICAN CAMPUS COMMUNITIES		2016-09-22	2018-07-02
	155. APPLE COMPUTER INC		2005-11-01	2018-07-02
	550. BANK OF AMERICA CORP		2017-01-18	2018-07-02
	515. BEST BUY INC COM		2014-06-09	2018-07-02
	10. BOOKING HOLDINGS INC		2012-01-31	2018-07-02
	250. CVS CORP COM		2012-07-18	2018-07-02
	240. CATERPILLAR INC		2010-09-15	2018-07-02
	280. CERNER CORP COM			2018-07-02
	140. ECOLAB INC		2009-06-05	2018-07-02
	90. HOME DEPOT INC		2012-01-31	2018-07-02
	220. ILLINOIS TOOL WKS INC		2013-09-30	2018-07-02
	180. J P MORGAN CHASE & CO		2010-05-03	2018-07-02
	125. JOHNSON & JOHNSON		2009-09-28	2018-07-02
	630. MAGNA INTL INC-CL A		2016-09-22	2018-07-02
	285. MARATHON PETROLEUM CORP		2016-09-16	2018-07-02
	245. MASTERCARD INC			2018-07-02
	370. NIKE INC CL B COM		2008-11-28	2018-07-02
	415. ORACLE CORPORATION		2006-10-27	2018-07-02
	210. PPG INDS INC COM W/RTS ATTACHED EXP 04/30/2008		2012-11-30	2018-07-02
	165. PEPSICO INC			2018-07-02
	545. PFIZER INC COM		2011-03-03	2018-07-02
	265. T ROWE PRICE GROUP INC		2003-06-30	2018-07-02
	300. QUALCOMM INC		2002-04-29	2018-07-02
	2956.636 SALIENT MLP ENERGY INFRASTRUCTURE I			2018-07-02
	130. UNITED TECHNOLOGIES CORP		2003-07-07	2018-07-02
	145. UNITEDHEALTH GRP INC COM		2011-03-03	2018-07-02
	50000. JOHNSON JOHNSON 5.150% 7/15/18		2008-06-24	2018-07-15
	1214.575 COLUMBIA INCOME FD CL Z		2014-10-20	2018-07-17
	165. GILEAD SCIENCES INC		2012-07-19	2018-08-03
	40. HOME DEPOT INC		2012-01-31	2018-08-03
	4949.649 LOOMIS SAYLES STRATEGIC ALPHA FUND Y			2018-08-08
	561.134 ROBECO BOSTON PARTNERS L S RSRCH		2013-03-15	2018-09-20
	67.725 ROWE T PRICE MID CAP GROWTH FD INC		2017-01-18	2018-09-20
	775.095 SALIENT MLP ENERGY INFRASTRUCTURE I		2015-12-29	2018-09-20
	69.647 VANGUARD SMALL CAP INDEX FUND			2018-09-20
	.5 GARRETT MOTION INC		2018-07-02	2018-10-23
	8. GARRETT MOTION INC		2018-07-02	2018-10-25
	.1667 RESIDEO TECHNOLOGIES INC		2018-07-02	2018-11-05
	1. SECURITY LITIGATION		1911-11-11	2018-11-13
	1365.409 OPPENHEIMER SENIOR FLOATING RATE I		2013-03-26	2018-12-24
	646.831 TCW EMERGING MARKETS INCOME FUND		2014-07-16	2018-12-24
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	40,000	34,641	5,359
b	6,200	5,261	939
c	25,789	15,534	10,255
d	7,895	5,253	2,642
e	7,846	5,903	1,943
	15,000	12,506	2,494
	13,127	12,340	787
	45,000	45,317	-317
	11,600	12,961	-1,361
	8,350	7,353	997
	14,614	15,456	-842
	16,542	19,653	-3,111
	4,894	5,890	-996
	28,916	1,274	27,642
	15,504	12,358	3,146
	37,909	14,954	22,955
	20,555	5,301	15,254
	16,132	12,168	3,964
	32,556	17,215	15,341
	16,930	9,252	7,678
	19,554	5,226	14,328
	17,432	4,005	13,427
	30,401	16,794	13,607
	18,777	7,755	11,022
	15,121	7,668	7,453
	36,173	26,565	9,608
	19,979	12,387	7,592
	48,397	17,528	30,869
	28,823	4,953	23,870
	18,409	7,593	10,816
	21,449	12,857	8,592
	18,000	6,900	11,100
	19,742	10,698	9,044
	30,713	5,026	25,687
	16,641	4,483	12,158
	22,500	18,122	4,378
	16,200	4,734	11,466
	35,731	6,513	29,218
	50,000	50,040	-40
	12,000	12,437	-437
	12,806	4,363	8,443
	7,821	1,780	6,041
	49,150	48,683	467
	9,500	7,227	2,273
	6,700	5,245	1,455
	6,100	4,843	1,257
	5,500	4,463	1,037
	7	8	-1
	112	125	-13
	4	4
	27		27
	10,500	11,428	-928
	5,000	5,712	-712
			28,371

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			5,359
b			939
c			10,255
d			2,642
e			1,943
			2,494
			787
			-317
			-1,361
			997
			-842
			-3,111
			-996
			27,642
			3,146
			22,955
			15,254
			3,964
			15,341
			7,678
			14,328
			13,427
			13,607
			11,022
			7,453
			9,608
			7,592
			30,869
			23,870
			10,816
			8,592
			11,100
			9,044
			25,687
			12,158
			4,378
			11,466
			29,218
			-40
			-437
			8,443
			6,041
			467
			2,273
			1,455
			1,257
			1,037
			-1
			-13

			27
			-928
			-712

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	416,244
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 ...................		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? Yes No

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	156,056	3,150,940	0.049527
2016	154,041	2,961,484	0.052015
2015	168,444	3,143,071	0.053592
2014	172,638	3,298,371	0.05234
2013	162,170	3,178,263	0.051025

Total of line 1, column (d) .....................

0.258499

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 ......

0.0517

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

3,183,999

Multiply line 4 by line 3......................

164,613

Enter 1% of net investment income (1% of Part I, line 27b)...........

4,560

Add lines 5 and 6........................

169,173

Enter qualifying distributions from Part XII, line 4,.............

159,080

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)

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 and enter “N/A" on line 1.
	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	9,121
	hereand 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	9,121
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	9,121
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	3,712
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	3,712
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.......		9	5,409
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

US BANK NATIONAL ASSOCIATION Telephone no. bullet

(701) 222-6221

Located at bullet

200 NORTH 3RD STREETBISMARCKND ZIP+4 bullet

585013879

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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	CORPORATE TRUSTEE 8	42,417
101 EAST 5TH STREET ST PAUL,MN55164	CORPORATE TRUSTEE 8	42,417

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...................				0

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............. bullet

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,215,233

Average of monthly cash balances.......................

17,253

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

3,232,486

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,232,486

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

48,487

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,183,999

Minimum investment return. Enter 5% of line 5..................

159,200

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.)

Minimum investment return from Part X, line 6....................

159,200

Tax on investment income for 2018 from Part VI, line 5......

9,121

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

9,121

Distributable amount before adjustments. Subtract line 2c from line 1............

150,079

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

150,079

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

150,079

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

159,080

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

159,080

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

159,080

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)

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					150,079
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......	9,109
b From 2014......	12,783
c From 2015......	12,044
d From 2016......	8,945
e From 2017......	2,219
fTotal of lines 3a through e........		45,100
4Qualifying distributions for 2018 from Part
XII, line 4: $ 159,080
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.....					150,079
e Remaining amount distributed out of corpus		9,001
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		54,101
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) ...		9,109
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		44,992
10 Analysis of line 9:
a Excess from 2014....	12,783
b Excess from 2015....	12,044
c Excess from 2016....	8,945
d Excess from 2017....	2,219
e Excess from 2018....	9,001

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
FIRST PRESBYTERIAN CHURCH 214 E THAYER AVE BISMARCK,ND585013872	NONE	PC	GENERAL OPERATING	76,919
BISMARCK STATE COLLEGE FOUNDATION PO BOX 5587 BISMARCK,ND585065587	NONE	I	SCHOLARSHIPS	76,919
Total ................................. 3a				153,838

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	81,757
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	416,244
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)..				498,001

13Total. Add line 12, columns (b), (d), and (e)..................

498,001

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

MERRITT SAM & BERTHA MEMORIAL TR

EIN:

23-7035116

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,000			1,000

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

MERRITT SAM & BERTHA MEMORIAL TR

EIN:

23-7035116

Name of Bond	End of Year Book Value	End of Year Fair Market Value
464288687 ISHARES S P U S PRE	57,650	51,345
87234N765 TCW EMERGING MARKETS	94,267	83,550
057071854 BAIRD AGGREGATE BOND	172,096	170,492
548661CQ8 LOWES COMPANIES INC	50,692	50,479
291011AY0 EMERSON ELECTRIC	50,066	50,695
31420B300 FEDERATED INST HI YL	58,764	57,158
478160AU8 JOHNSON JOHNSON
670690387 NUVEEN INFLATION PRO	83,103	77,212
63872T620 LOOMIS SAYLES STRATE
68381K606 OPPENHEIMER SENIOR F	83,583	79,660
46434VBK5 ISHARES IBONDS DEC 2	24,590	24,360
46434VBA7 ISHARES IBONDS DEC 2	24,620	24,170
19765N518 COLUMBIA INCOME FD C	50,563	47,774
024932600 AMER CENT DIVERSIFI	110,000	107,711
024932154 AMERICAN CENTURY HIG	61,300	58,029
46434VBD1 ISHARES IBONDS DEC 2	24,084	23,600
72369L107 PIONEER ILS INTERVAL	47,500	41,629
46434VBG4 ISHARES IBONDS DEC 2	24,170	23,900
46434VAX8 ISHARES IBONDS DEC 2	24,365	24,190
46647MRZ8 JPM 24M BCOM 2X LBR	35,000	32,302
037833BY5 APPLE INC	48,974	48,807
861729101 STONE RIDGE REINSUR	47,500	43,011

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

MERRITT SAM & BERTHA MEMORIAL TR

EIN:

23-7035116

Name of Stock	End of Year Book Value	End of Year Fair Market Value
247361702 DELTA AIR LINES INC	17,582	18,962
46429B697 ISHARES MSCI USA MIN	59,926	70,740
91324P102 UNITED HEALTH GROUP	4,716	26,158
464287234 ISHARES MSCI EMERGIN	100,951	120,110
H1467J104 CHUBB LTD	11,007	20,669
913017109 UNITED TECHNOLOGIES
437076102 HOME DEPOT INC	2,893	11,168
452308109 ILLINOIS TOOL WORKSI
74005P104 PRAXAIR INC
92343V104 VERIZON COMMUNICATIO
375558103 GILEAD SCIENCES INC	4,194	6,255
260003108 DOVER CORP
02079K305 ALPHABET INC CL A	9,004	26,124
654106103 NIKE INC
478160104 JOHNSON JOHNSON	4,601	9,679
315910620 FIDELITY INVT TR AD	204,120	183,803
126650100 CVS HEALTH CORPORATI	14,761	15,725
79471L602 SALIENT MLP ENERGY I	24,419	23,743
670678507 NUVEEN REAL ESTATE S	83,104	77,717
74925K581 ROBECO BOSTON PARTNE	72,496	80,634
149498107 CAUSEWAY EMERGING MA	122,067	118,482
717081103 PFIZER INC
68389X105 ORACLE CORPORATION
024835100 AMERICAN CAMPUS COMM	14,598	11,796
693506107 P P G INDS INC	3,061	5,112
037833100 APPLE INC	493	9,464
57636Q104 MASTERCARD INC	2,406	10,376
156782104 CERNER CORP COM
747525103 QUALCOMM INC
00206R102 ATT INC	5,516	4,281
56585A102 MARATHON PETROLEUM C	12,604	17,113
46625H100 J P MORGAN CHASE CO	9,479	21,476
713448108 PEPSICO INC	2,505	6,629
278865100 ECOLAB INC	747	2,947
086516101 BEST BUY CO INC
741503403 THE PRICELINE GROUP
149123101 CATERPILLAR INC
559222401 MAGNA INTL INC CL	4,217	4,545
77957Y106 T ROWE PRICE MID CAP	60,561	69,842
00769G543 CAMBIAR INTL EQUITY	28,869	26,824
74144T108 T ROWE PRICE GROUP I
136385101 CANADIAN NATURAL RES
78462F103 SPDR S P 500 ETF	78,137	74,976
060505104 BANK OF AMERICA CORP	16,964	18,603
922908686 VANGUARD SMALL CAP I	107,686	105,417
412295107 HARDING LOEVNER INTL	192,944	187,704
779556109 ROWE T PRICE MID-CAP	102,097	99,501
806857108 SCHLUMBERGER LTD	6,586	3,608
012653101 ALBEMARLE CORP	6,138	5,010
097023105 BOEING CO	5,005	4,838
20030N101 COMCAST CORP CL A	12,045	12,428
88579Y101 3M CO	15,005	14,291
00287Y109 ABBVIE INC	14,382	14,289
78409V104 S P GLOBAL INC	4,076	3,399
438516106 HONEYWELL INTERNATIO	11,818	11,230
344849104 FOOT LOCKER INC	8,038	8,246
931142103 WAL MART STORES INC	17,646	19,562
023135106 AMAZON.COM INC	20,370	18,024
055622104 BP PLC SPONS A D R	2,945	2,465
755111507 RAYTHEON COMPANY	7,756	6,134
458140100 INTEL CORP	21,280	20,180
693475105 P N C FINANCIAL SERV	11,534	9,937
440452100 HORMEL FOODS CORP	12,286	14,084
369604103 GENERAL ELECTRIC CO	13,986	7,949
882508104 TEXAS INSTRUMENTS IN	6,008	5,198
594918104 MICROSOFT CORP	42,211	43,167
G1151C101 ACCENTURE PLC CL A	13,043	11,281
N59465109 MYLAN NV	16,380	12,330
92826C839 VISA INC	15,924	15,833
29250N105 ENBRIDGE INC	18,066	16,006
03027X100 AMERICAN TOWER CORP	19,406	21,356
76118Y104 RESIDEO TECHNOLOGIES	351	288
958102105 WESTERN DIGITAL CORP	16,583	7,949

- TIN:

TY 2018 OtherAssetsSchedule

Name:

MERRITT SAM & BERTHA MEMORIAL TR

EIN:

23-7035116

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INCOME	1,152	2,127	2,127

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

MERRITT SAM & BERTHA MEMORIAL TR

EIN:

23-7035116

Description	Amount
ROC ADJUSTMENT	2,447

- TIN:

TY 2018 OtherExpensesSchedule

Name:

MERRITT SAM & BERTHA MEMORIAL TR

EIN:

23-7035116

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADR FEES	1	1		0

- TIN:

TY 2018 TaxesSchedule

Name:

MERRITT SAM & BERTHA MEMORIAL TR

EIN:

23-7035116

Category	Amount	Net Investment Income
FOREIGN TAXES	1,976	1,976
FEDERAL TAX PAYMENT - PRIOR YE	732	0
FEDERAL ESTIMATES - PRINCIPAL	3,712	0
FOREIGN TAXES ON NONQUALIFIED	107	107