Form990-PF
Click to see attachment

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 01-01-2018 , and ending 12-31-2018
Name of foundation
MARIE LAMFROM CHARITABLE
FOUNDATION TRUST
Number and street (or P.O. box number if mail is not delivered to street address)9740 SW HILLMAN COURT SUITE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSONVILLE, OR97070
A Employer identification number

93-1254171
B Telephone number (see instructions)

(503) 722-3490
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$22,202,412J 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) 500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 338,174 338,174  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,866,498
b Gross sales price for all assets on line 6a 12,140,610
7 Capital gain net income (from Part IV, line 2)... 10,866,498
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 47 0  
12 Total. Add lines 1 through 11........ 11,704,719 11,204,672  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,432 0   7,432
c Other professional fees (attach schedule).... Click to see attachment 110,236 94,236   16,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 219,735 3,382   0
19 Depreciation (attach schedule) and depletion... 130,260 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25,999 4   25,995
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 493,662 97,622   49,427
25 Contributions, gifts, grants paid....... 202,000 202,000
26 Total expenses and disbursements. Add lines 24 and 25 695,662 97,622   251,427
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,009,057
b Net investment income (if negative, enter -0-) 11,107,050
c Adjusted net income (if negative, enter -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............. 1,168,521 1,892,941 1,892,941
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   17,510    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 51,125 Click to see attachment50,187 50,187
b Investments—corporate stock (attach schedule)....... 12,491,815 Click to see attachment4,725,300 4,725,300
c Investments—corporate bonds (attach schedule)....... 2,189,308 Click to see attachment7,568,973 7,568,973
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,043,394 Click to see attachment2,426,851 2,426,851
14 Land, buildings, and equipment: basis bullet6,114,143
Less: accumulated depreciation (attach schedule) bullet575,983 5,634,897 Click to see attachment5,538,160 5,538,160
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,596,570 22,202,412 22,202,412
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow 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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 22,596,570 22,202,412
30 Total net assets or fund balances (see instructions)..... 22,596,570 22,202,412
31 Total liabilities and net assets/fund balances (see instructions). 22,596,570 22,202,412
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
22,596,570
2
Enter amount from Part I, line 27a .....................
2
11,009,057
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
33,605,627
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,403,215
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
22,202,412
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 PUBLICLY TRADED SECURITIES      
b CAPITAL GAIN DISTRIBUTIONS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,140,610   1,274,449 10,866,161
b       337
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       10,866,161
b       337
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,866,498
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 350,817 14,281,358 0.024565
2016 1,438,838 13,501,300 0.106570
2015 1,640,637 6,261,417 0.262023
2014 3,561,366 7,022,209 0.507158
2013 2,071,898 6,408,127 0.323323
2
Total of line 1, column (d) .....................
2
1.223639
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
0.244728
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
16,799,671
5
Multiply line 4 by line 3......................
5
4,111,350
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
111,071
7
Add lines 5 and 6........................
7
4,222,421
8
Enter qualifying distributions from Part XII, line 4,.............
8
284,949
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 1 222,141
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........................... 3 222,141
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- ..... 5 222,141
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 221,974
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 167
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 222,141
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletWWW.MARIELAMFROMCF.ORG
    14
    The books are in care ofbulletDAVID BILLS CO MIDWAY LLC Telephone no.bullet (503) 722-3490

    Located atbullet9740 SW HILLMAN COURT SUITE 200WILSONVILLEOR ZIP+4bullet97070
    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
     
     
    ........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
     
     
    .........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
    DAVID C BANY TRUSTEE
    1.00     		0 0 0
    9740 SW HILLMAN CT SUITE 200
    WILSONVILLE,OR97070
    SARAH A BANY TRUSTEE
    1.00     		0 0 0
    9740 SW HILLMAN CT SUITE 200
    WILSONVILLE,OR97070
    RACHAEL SNEDDON TRUSTEE
    1.00     		0 0 0
    9740 SW HILLMAN CT SUITE 200
    WILSONVILLE,OR97070
    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
    BADGLEY PHELPS WEALTH MANAGERS INVESTMENT MANAGEMENT 56,325
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    12,945,117
    b
    Average of monthly cash balances.......................
    1b
    4,110,387
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,055,504
    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
    17,055,504
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    255,833
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,799,671
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    839,984
    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
    839,984
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    222,141
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    222,141
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    617,843
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    617,843
    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
    617,843
    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
    251,427
    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
    33,522
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    284,949
    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
    284,949
    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 7 617,843
    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...... 1,805,316
    b From 2014...... 3,026,423
    c From 2015...... 1,345,432
    d From 2016...... 839,461
    e From 2017......  
    fTotal of lines 3a through e........ 7,016,632
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 284,949
    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..... 284,949
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 332,894 332,894
    (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 6,683,738
    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) ...     		1,472,422
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		5,211,316
    10 Analysis of line 9:
    a Excess from 2014.... 3,026,423
    b Excess from 2015.... 1,345,432
    c Excess from 2016.... 839,461
    d Excess from 2017....  
    e Excess from 2018....  
    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).)
    DAVID C BANY
    SARAH A BANY
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    BENSON TECH FOUNDATION
    546 NE 12TH AVENUE
    PORTLAND,OR97232     		NONE PC GENERAL PURPOSES. 2,000
    CHEHALEM CULTURAL CENTER
    415 E SHERIDAN STREET
    NEWBERG,OR97132     		NONE PC GENERAL PURPOSES. 15,000
    DOWN SYNDROME NETWORK OREGON
    PO BOX 1379
    LAKE OSWEGO,OR97035     		NONE PC GENERAL PURPOSES. 7,300
    DRESS FOR SUCCESS OREGON INC
    1532 NE 37TH AVENUE SUITE B
    PORTLAND,OR97232     		NONE PC GENERAL PURPOSES. 10,000
    GIRL SCOUTS OF OREGON AND SOUTHWEST WASHINGTON
    9620 SW BARBUR BOULEVARD
    PORTLAND,OR97219     		NONE PC GENERAL PURPOSES. 30,000
    GIRLS BUILD
    PO BOX 11893
    PORTLAND,OR97211     		NONE PC GENERAL PURPOSES. 25,700
    GIRLS INC OF THE PACIFIC NORTHWEST
    4800 SW MACADAM AVENUE
    PORTLAND,OR97239     		NONE PC GENERAL PURPOSES. 30,000
    JESSIE F RICHARDSON FOUNDATION
    15900 SE 82ND DRIVE
    CLACKAMAS,OR97015     		NONE PC GENERAL PURPOSES. 5,000
    LOWRIE PRIMARY PTA
    28995 SW BROWN ROAD
    WILSONVILLE,OR97070     		NONE PC GENERAL PURPOSES. 1,000
    MAKE-A-WISH FOUNDATION OF OREGON
    2000 SW FIRST AVENUE SUITE 410
    PORTLAND,OR97201     		NONE PC GENERAL PURPOSES. 15,000
    MARATHON SCHOLARS
    610 SW ALDER STREET SUITE 921
    PORTLAND,OR97205     		NONE PC GENERAL PURPOSES. 5,000
    OREGON COMMUNITY FOUNDATION
    1221 SW YAMHILL STREET SUITE 100
    PORTLAND,OR97205     		NONE PC GENERAL PURPOSES. 17,500
    OREGON MILITARY MUSEUM PROFECT
    6200 SW VIRGINIA AVENUE SUITE 210
    PORTLAND,OR97239     		NONE PC GENERAL PURPOSES. 2,500
    OREGON MUSEUM OF SCIENCE AND INDUSTRY
    1945 SE WATER AVENUE
    PORTLAND,OR97214     		NONE PC GENERAL PURPOSES. 10,000
    TUCKER MAXON SCHOOL
    2860 SE HOLGATE BOULEVARD
    PORTLAND,OR97202     		NONE PC GENERAL PURPOSES. 11,000
    VOLUNTEERS OF AMERICA OREGON
    3910 SE STARK STREET
    PORTLAND,OR97214     		NONE PC GENERAL PURPOSES. 15,000
    Total .................................bullet 3a 202,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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....     14 338,174  
    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 10,866,498  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS INCOME     		    01 47  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 11,204,719 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,204,719
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    MARIE LAMFROM CHARITABLE
    FOUNDATION TRUST
    Employer identification number

    93-1254171
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    MARIE LAMFROM CHARITABLE
    FOUNDATION TRUST         		Employer identification number
    93-1254171
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    GERTRUDE BOYLE  
    14375 NW SCIENCE PARK DRIVE
     
    PORTLAND, OR97229

    		$ 500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    MARIE LAMFROM CHARITABLE
    FOUNDATION TRUST         		Employer identification number

    93-1254171
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    MARIE LAMFROM CHARITABLE
    FOUNDATION TRUST         		Employer identification number

    93-1254171
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX SERVICES - GARY MCGEE & CO. LLP 7,432 0   7,432

    TY 2018 GeneralExplanationAttachment
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Identifier Return Reference Explanation
    SECTION 1.263(A)-1(F) DEMINIMIS SAFE HARBOR ELECTION PART II, LINE 14 TAXPAYER IS MAKING THE DEMINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. SECTION 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAX YEAR.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC. 2.9%22 DUE 11/06/22 72,742 72,742
    ADOBE INC. 3.25%25 DUE 02/01/25 147,428 147,428
    AMAZON COM INC 3.3%21 DUE 12/05/21 96,005 96,005
    AMGEN INC. 2.25%23 DUE 08/19/23 94,422 94,422
    ANHEUSER-BUSCH 2.625%23 DUE 01/17/23 190,282 190,282
    APPLE INC 2.25%21 DUE 02/23/21 49,443 49,443
    AUTOMATIC DATA PROCES 2.25%20 DUE 09/15/20 39,623 39,623
    BANK OF AMERICA 2.625%20 DUE 10/19/20 34,597 34,597
    BB&T CORP 2.75%22 DUE 04/01/22 98,038 98,038
    BECTON, DICKINS 2.894%22 DUE 06/06/22 58,104 58,104
    BIOGEN INC. 3.625%22 DUE 09/15/22 75,170 75,170
    BLACKROCK INC 3.375%22 DUE 06/01/22 50,153 50,153
    BLACKROCK INC 3.5%24 DUE 03/18/24 100,149 100,149
    BNSF, LLC 3.45%21 DUE 09/15/21 40,318 40,318
    BOSTON SCIENTIF 3.375%22 DUE 05/15/22 148,992 148,992
    CINTAS CORPORATIO 2.9%22 DUE 04/01/22 196,417 196,417
    CISCO SYSTEMS INC 2.2%21 DUE 02/28/21 49,254 49,254
    CITIGROUP INC 2.9%21 DUE 12/08/21 157,185 157,185
    COLGATE-PALMOLIVE 2.3%22 DUE 05/03/22 29,238 29,238
    CONSTELLATION BR 4.25%23 DUE 05/01/23 101,028 101,028
    DIAGEO INVESTME 2.875%22 DUE 05/11/22 197,768 197,768
    DR PEPPER SNAPPLE 2.6%19 DUE 01/15/19 24,999 24,999
    DTE ENERGY COMPAN 2.4%19 DUE 12/01/19 39,629 39,629
    ECOLAB INC. 4.35%21 DUE 12/08/21 51,484 51,484
    EDISON INTERNTN 3.875%21 DUE 06/01/21 20,167 20,167
    EMERSON ELECTRI 4.875%19 DUE 10/15/19 50,777 50,777
    EOG RESOURCES INC 4.4%20 DUE 06/01/20 50,793 50,793
    EQUIFAX INC. 3.3%22 DUE 12/15/22 63,380 63,380
    ESTEE LAUDER COS 2.35%22 DUE 08/15/22 28,642 28,642
    EXXON MOBIL COR 2.222%21 DUE 03/01/21 68,995 68,995
    FAMILY DOLLAR STORE 5%21 DUE 02/01/21 51,067 51,067
    FISERV INC 2.7%20 DUE 06/01/20 74,404 74,404
    HOME DEPOT INC 2.7%23 DUE 04/01/23 147,757 147,757
    ILLINOIS TOOL W 3.375%21 DUE 09/15/21 25,164 25,164
    INTEL CORPORATION 3.3%21 DUE 10/01/21 30,314 30,314
    JPMORGAN CHASE 2.972%23 DUE 01/15/23 195,009 195,009
    LABORATORY CORP 2.625%20 DUE 02/01/20 148,559 148,559
    LIFE TECHNOLOGIES CORP 5%21 DUE 01/15/21 51,252 51,252
    LINDE PLC 2.45%22 DUE 02/15/22 73,653 73,653
    LOCKHEED MARTIN 3.35%21 DUE 09/15/21 200,820 200,820
    MAGELLAN MIDSTRE 4.25%21 DUE 02/01/21 25,372 25,372
    MARRIOTT INTERNTN 2.3%22 DUE 01/15/22 191,658 191,658
    MARSH & MCLENNA 2.35%19 DUE 09/10/19 49,857 49,857
    MASTERCARD INC 3.375%24 DUE 04/01/24 201,517 201,517
    MEDTRONIC PLC 3.625%24 DUE 03/15/24 201,857 201,857
    MERCK & CO., INC 2.8%23 DUE 05/18/23 172,386 172,386
    MICROSOFT CORP 3.125%25 DUE 11/03/25 98,838 98,838
    MIDAMERICAN EMERG 3.5%24 DUE 10/15/24 177,674 177,674
    MONDELEZ INTER 3.625%23F DUE 05/07/23 84,920 84,920
    MOODY'S CORP 2.75%21 DUE 12/15/21 196,163 196,163
    MORGAN STANLEY 2.45%19 DUE 02/01/19 49,973 49,973
    MORGAN STANLEY 3.75%23 DUE 02/25/23 99,720 99,720
    NEXTERA ENERGY CA 2.8%23 DUE 01/15/23 96,992 96,992
    NVIDIA CORP 2.2%21 DUE 09/16/21 146,298 146,298
    NVR, INC. 3.95%22 DUE 09/15/22 98,448 98,448
    ORACLE CORP 1.9%21 DUE 09/15/21 145,184 145,184
    ORACLE CORPORATION 5%19 DUE 07/08/19 25,294 25,294
    PACIFICORP 2.95%22 DUE 02/01/22 29,749 29,749
    PEPSICO, INC. 3.6%24 DUE 03/01/24 202,935 202,935
    PEPUBLIC SERVICES 3.2%25 DUE 03/15/25 95,929 95,929
    PNC FUNDING COR 5.125%20 DUE 02/08/20 51,052 51,052
    PPG INDUSTRIES IN 3.6%20 DUE 11/15/20 20,140 20,140
    QUEST DIAGNOSTIC 4.7%21 DUE 04/01/21 51,381 51,381
    ROPER TECHNOLOGIE 2.8%21 DUE 12/15/21 73,542 73,542
    SUNTRUST BANKS 2.45%22 DUE 08/01/22 144,486 144,486
    SYSCO CORP 2.5%21 DUE 07/15/21 146,467 146,467
    THE BOEING CO 2.8%23 DUE 03/01/23 196,765 196,765
    THE CLOROX CO 3.05%22 DUE 09/15/22 172,356 172,356
    THE GOLDMAN SACHS VAR 21 DUE 04/23/21 50,777 50,777
    THE SHERWIN-WILL 2.25%20 DUE 05/15/20 73,543 73,543
    THE TJX COMPANIE 2.75%21 DUE 06/15/21 29,706 29,706
    THERMO FISHER SCI 3.6%21 DUE 08/15/21 34,965 34,965
    TYCO ELECTRONICS 3.5%22F DUE 02/03/22 74,764 74,764
    U.S. BANCORP 3.7%24 DUE 01/30/24 151,571 151,571
    UNITEDHEALTH GR 3.875%20 DUE 10/15/20 50,628 50,628
    V.F. CORPORATION 3.5%21 DUE 09/01/21 49,962 49,962
    VISA INC 2.8%22 DUE 12/14/22 197,508 197,508
    WASTE MANAGEMENT 2.9%22 DUE 09/15/22 29,545 29,545
    WASTE MANAGEMENT 4.75%20 DUE 06/30/20 76,669 76,669
    WEC ENERGY GROUP 2.45%20 DUE 06/15/20 49,354 49,354
    WEC ENERGY GROUP 2.95%21 DUE 09/15/21 29,807 29,807

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACTIVISION BLIZZARD 45,406 45,406
    ADOBE INC 30,542 30,542
    ALIBABA GROUP HLDG 38,380 38,380
    ALPHABET INC CLASS A 62,698 62,698
    ALPHABET INC CLASS C 62,136 62,136
    AMAZON COM INC 172,726 172,726
    AMGEN INC 79,815 79,815
    APPLE INC 127,769 127,769
    AT&T INC 21,919 21,919
    BANK OF AMERICA CORP 91,168 91,168
    BB&T CORPORATION 52,417 52,417
    BERKSHIRE HATHAWAY 133,738 133,738
    BOEING CO 112,875 112,875
    BOOKING HOLDINGS INC 51,673 51,673
    BROADCOM INC 53,399 53,399
    CHARLES SCHWAB CORP 40,699 40,699
    CHEVRON CORPORATION 66,906 66,906
    CISCO SYSTEMS INC 49,180 49,180
    COGNIZANT TECH SOLU 49,197 49,197
    COLGATE-PALMOLIVE CO 47,021 47,021
    CONSTELLATION BRAND 51,462 51,462
    COSTAR GROUP INC 28,674 28,674
    COSTCO WHOLESALE CO 80,465 80,465
    D X C TECHNOLOGY COM 27,967 27,967
    DANAHER CORP 80,949 80,949
    DOWDUPONT INC 64,978 64,978
    ECOLAB INC 81,779 81,779
    EOG RESOURCES INC 58,867 58,867
    ESTEE LAUDERCO INC 38,380 38,380
    EXXON MOBIL CORP 38,186 38,186
    FACEBOOK INC 78,654 78,654
    FEDEX CORPORATION 47,592 47,592
    FIDELITY NATL INFO 90,244 90,244
    FIRST REPUBLIC BANK 50,402 50,402
    FORTIVE CORPORATION 68,810 68,810
    HEALTHEQUITY INC 34,001 34,001
    HOME DEPOT INC 80,755 80,755
    HONEYWELL INTL INC 53,509 53,509
    J P MORGAN CHASE & CO 128,858 128,858
    JOHNSON & JOHNSON 110,338 110,338
    LAM RESEARCH CORP 38,128 38,128
    LILLY ELI & CO 74,639 74,639
    MARRIOTT INTL INC 41,253 41,253
    MARSH & MC LENNAN 73,769 73,769
    MC DONALDS CORP 79,019 79,019
    MEDTRONIC PLC 87,322 87,322
    MICROSOFT CORP 153,879 153,879
    MONDELEZ INTL 46,835 46,835
    MORGAN STANLEY 61,656 61,656
    NETFLIX INC 76,283 76,283
    NEXTERA ENERGY INC 97,339 97,339
    PAYPAL HOLDINGS INCO 79,465 79,465
    PEPSICO INCORPORATED 44,744 44,744
    PFIZER INCORPORATED 91,883 91,883
    RAYTHEON CO 36,037 36,037
    SALESFORCE COM 70,540 70,540
    SCHLUMBERGER LTD 17,860 17,860
    SERVICE NOW INC 50,744 50,744
    SHERWIN WILLIAMS CO 41,313 41,313
    STRYKER CORP 51,728 51,728
    THERMO FISHER SCNTFC 93,992 93,992
    U S BANCORP 65,580 65,580
    UNION PACIFIC CORP 70,497 70,497
    UNITEDHEALTH GRP INC 84,701 84,701
    VALERO ENERGY CORP 39,359 39,359
    VERIZON COMMUNICATN 74,210 74,210
    VISA INC 130,621 130,621
    W E C ENERGY GROUP I 56,101 56,101
    WAL-MART STORES 44,712 44,712
    WALT DISNEY CO 66,557 66,557

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    US Government Securities - End of Year Book Value:

    50,187
    US Government Securities - End of Year Fair Market Value:

    50,187
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN TOWER CORP FMV 55,367 55,367
    GLDMN SACH ACTVBETA EMRG FMV 50,300 50,300
    INVESCO FTSE RAFI US FMV 74,447 74,447
    ISHARES CORE S&P MID CAP FMV 258,223 258,223
    ISHARES MSCI EAFE ETF FMV 552,532 552,532
    ISHARES MSCI PACIFIC EX FMV 47,619 47,619
    ISHARES RUSSELL 2000 GROWTH ETF FMV 122,640 122,640
    ISHARES RUSSELL 2000 VALUE ETF FMV 110,229 110,229
    ISHARES RUSSELL MID CAP FMV 88,125 88,125
    ISHARES RUSSELL MID CAP FORWARD SPLIT FMV 104,208 104,208
    ISHARES S&P SMLL CAP 600 FMV 63,725 63,725
    JPMORGAN DVRSFD RTRN FMV 94,147 94,147
    PROLOGIS INC FMV 46,095 46,095
    VANGUARD FTSE DEVELOPED FMV 319,802 319,802
    VANGUARD FTSE EMERGING FMV 241,935 241,935
    VANGUARD SMALL CAP ETF FMV 197,457 197,457

    TY 2018 LandEtcSchedule2
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 1,410,699 0 1,410,699 1,410,699
    LAND IMPROVEMENTS 301,510 52,764 248,746 248,746
    BUILDING 1,396,622 216,767 1,179,855 1,179,855
    BUILDING IMPROVEMENTS 2,898,201 282,456 2,615,745 2,615,745
    EQUIPMENT 107,111 23,996 83,115 83,115


    TY 2018 OtherDecreasesSchedule
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Description Amount
    NET UNREALIZED DECREASE IN INVESTMENT VALUE 11,403,215


    TY 2018 OtherExpensesSchedule
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BUILDING REPAIR AND MAINTENANCE 12,940 0   12,940
    INSURANCE 9,292 0   9,292
    OFFICE EXPENSES 296 0   296
    OREGON CHARITABLE REGISTRATION FEES 2,096 0   2,096
    OTHER EXPENSES 1,375 4   1,371


    TY 2018 OtherIncomeSchedule2
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 47   47


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES - BADGLEY PHELPS WEALTH MANAGERS 56,325 56,325   0
    INVESTMENT MANAGEMENT FEES - BARWICK & PARTNERS, INC. 37,911 37,911   0
    CONSULTING SERVICES - INSTITUTE FOR PHILANTHROPIC EXCELLENCE 16,000 0   16,000


    TY 2018 TaxesSchedule
    Name:
    MARIE LAMFROM CHARITABLE
     
    FOUNDATION TRUST
    EIN:
    93-1254171
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 216,353 0   0
    FOREIGN INVESTMENT TAXES 3,382 3,382   0