Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 08-01-2018 , and ending 07-31-2019
Name of foundation
RALPH HAUGSE MEMORIAL TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

27-6400625
B Telephone number (see instructions)

(503) 464-3580
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,788,403J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 144,434 143,522  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 200,445
b Gross sales price for all assets on line 6a 2,448,310
7 Capital gain net income (from Part IV, line 2)... 200,445
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 32,500    
12 Total. Add lines 1 through 11........ 377,379 343,967  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 42,038 37,834   4,204
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,126 2,326   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 1 1    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,165 40,161 0 4,204
25 Contributions, gifts, grants paid....... 149,500 149,500
26 Total expenses and disbursements. Add lines 24 and 25 200,665 40,161 0 153,704
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 176,714
b Net investment income (if negative, enter -0-) 303,806
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 332 224 224
2 Savings and temporary cash investments......... 137,308 124,486 124,486
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,301,144 Click to see attachment2,473,686 3,616,660
c Investments—corporate bonds (attach schedule)....... 2,024,982 Click to see attachment1,988,879 1,996,504
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment50,000 50,529
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,463,766 4,637,275 5,788,403
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 4,463,766 4,637,275
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)..... 4,463,766 4,637,275
31 Total liabilities and net assets/fund balances (see instructions). 4,463,766 4,637,275
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
4,463,766
2
Enter amount from Part I, line 27a .....................
2
176,714
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,640,480
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,205
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,637,275
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 25. ABBVIE INC   2015-04-28 2018-08-09
b 2. BOOKING HOLDINGS INC   2015-10-01 2018-08-09
c 40. CITIGROUP INC   2011-06-02 2018-08-09
d 35. EXXON MOBIL CORP   2009-08-11 2018-08-09
e 500. MFC ISHARES TR MSCI EAFE INDEX FD   2009-08-11 2018-08-09
50. J P MORGAN CHASE & CO   2009-08-11 2018-08-09
4224.611 JOHN HANCOCK II GL ABS RE I     2018-08-09
20. LOWES COMPANIES INC   2013-05-29 2018-08-09
25. MARATHON PETROLEUM CORP     2018-08-09
25. NIKE INC. CLASS B   2015-04-06 2018-08-09
20. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010     2018-08-09
14. PRAXAIR INC   2009-08-11 2018-08-09
25. PROCTER & GAMBLE CO   2009-08-11 2018-08-09
50. STARBUCKS CORP   2010-10-18 2018-08-09
15. 3M CO   2009-08-11 2018-08-09
50. WELLS FARGO & CO NEW   2009-08-11 2018-08-09
25. ABBVIE INC   2015-04-28 2018-08-13
15. APPLE COMPUTER INC   2010-11-15 2018-08-13
41. DELTA AIR LINES INC   2017-05-31 2018-08-13
50. J P MORGAN CHASE & CO   2009-08-11 2018-08-13
15. MCDONALDS CORP   2010-07-13 2018-08-13
2362.949 BAIRD AGGREGATE BOND FD INSTL     2018-08-16
20. APPLE COMPUTER INC   2010-11-15 2018-09-13
2. BOOKING HOLDINGS INC   2015-09-04 2018-09-13
50. DELTA AIR LINES INC     2018-09-13
1316. GENERAL ELEC CO     2018-09-13
100. ISHARES BARCLAYS TIPS BOND ETF     2018-09-13
25. LOWES COMPANIES INC   2013-05-29 2018-09-13
150. WELLS FARGO & CO NEW   2009-08-11 2018-09-13
35. CVS CORP COM   2013-05-29 2018-09-18
81. CHEVRONTEXACO CORP COM   2018-03-26 2018-09-19
10. APPLE COMPUTER INC   2010-11-15 2018-10-03
5. BOEING COMPANY   2011-04-12 2018-10-03
50. DELTA AIR LINES INC   2017-05-19 2018-10-03
50. MICROSOFT CORP COM   2009-08-11 2018-10-03
50. PFIZER INC COM   2009-08-11 2018-10-03
20. MEDTRONIC PLC   2015-01-27 2018-10-03
959.693 BAIRD AGGREGATE BOND FD INSTL   2014-10-15 2018-10-05
15. APPLE COMPUTER INC   2010-11-15 2018-10-09
1. BOOKING HOLDINGS INC   2015-09-04 2018-10-09
657.606 FIDELITY ADV DIVERS INTL CL I   2015-07-21 2018-10-09
15. LOWES COMPANIES INC   2013-05-29 2018-10-09
15. MASTERCARD INC   2011-01-26 2018-10-09
50. PFIZER INC COM   2009-08-11 2018-10-09
50. VERIZON COMMUNICATIONS   2010-06-17 2018-10-09
3362.152 BAIRD AGGREGATE BOND FD INSTL     2018-10-16
1561.803 FIDELITY ADV DIVERS INTL CL I     2018-10-17
1037.344 FEDERATED INST HI YLD BD FD     2018-10-19
106. PRAXAIR INC   2009-08-11 2018-10-31
107000. U S TREASURY NT 1.750% 10/31/18     2018-10-31
25000. ATT INC 2.375% 11/27/18   2016-12-05 2018-11-27
963.391 BAIRD AGGREGATE BOND FD INSTL   2014-07-16 2018-12-03
1157.407 FIDELITY ADV DIVERS INTL CL I     2018-12-03
5. BOOKING HOLDINGS INC     2018-12-11
280. CVS CORP COM     2018-12-11
75. CITIGROUP INC   2011-06-02 2018-12-11
1. HORMEL FOODS CORPORATIONCOM   2018-05-17 2018-12-11
150. HORMEL FOODS CORPORATIONCOM   2017-11-03 2018-12-11
50. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010     2018-12-11
150. VERIZON COMMUNICATIONS   2010-06-17 2018-12-11
25000. JOHN DEERE MTN 1.950% 12/13/18   2015-07-17 2018-12-13
1605.996 FEDERATED INST HI YLD BD FD   2014-07-16 2018-12-19
733. ISHARES S P U S PREFERRED STOCK ETF     2018-12-19
156. ISHARES BARCLAYS TIPS BOND ETF     2018-12-21
300. ISHARES S P U S PREFERRED STOCK ETF     2018-12-21
25000. MERCK CO INC 2.350% 2/10/22   2016-03-23 2018-12-21
275. ISHARES S P U S PREFERRED STOCK ETF   2010-06-17 2018-12-26
50000. WELLS FARGO CO 2.150% 1/15/19     2019-01-15
25000. WELLS FARGO CO 2.150% 1/15/19   2018-03-26 2019-01-15
1. BANK OF AMERICA CLASS ACTION PROCEEDS   2019-02-13 2019-02-13
25000. U S TREASURY NT 2.750% 2/15/19   2018-02-14 2019-02-15
100000. U S TREASURY NT 2.750% 2/15/19     2019-02-15
20. COSTCO WHSL CORP NEW   2017-11-02 2019-03-27
2890.476 FIDELITY ADV DIVERS INTL CL I     2019-03-27
1120.24 GLENMEDE SMALL CAP EQUITY INSTL     2019-03-27
350. ISHARES SP 500 VALUE INDEX E T F     2019-03-27
20. MASTERCARD INC   2011-01-26 2019-03-27
20. MCDONALDS CORP   2010-07-13 2019-03-27
58. MOHAWK INDS INC COM     2019-03-27
75. NIKE INC. CLASS B     2019-03-27
44. RAYTHEON COMPANY     2019-03-27
20. SERVICENOW INC   2017-05-18 2019-03-27
150. VERIZON COMMUNICATIONS   2010-06-17 2019-03-27
50. LINDE PLC   2009-08-11 2019-03-27
50000. VERIZON COMM INC 3.000% 11/01/21   2017-07-07 2019-03-29
50000. BANK OF AMERICA CORP 2.650% 4/01/19   2018-04-20 2019-04-01
5. ALPHABET INC CL C   2009-08-11 2019-04-09
5. BOEING COMPANY   2011-04-12 2019-04-09
3253.09 CAUSEWAY INTERNATL VALUE INS   2018-07-23 2019-04-09
150. CISCO SYS INC   2016-04-06 2019-04-09
10. COSTCO WHSL CORP NEW     2019-04-09
50. MICROSOFT CORP COM   2009-08-11 2019-04-09
38. NIKE INC. CLASS B   2015-03-12 2019-04-09
56. LINDE PLC   2009-08-11 2019-04-09
1738.123 EATON VANCE GLOBAL MACRO FD CL I     2019-04-10
50. MIDCAP SPDR TRUST SERIES I E T F   2010-06-02 2019-04-10
20. APPLE COMPUTER INC   2010-11-15 2019-05-02
100. CISCO SYS INC   2016-04-06 2019-05-02
267. HORMEL FOODS CORPORATIONCOM   2018-05-17 2019-05-02
100. HORMEL FOODS CORPORATIONCOM   2018-03-29 2019-05-02
25. J P MORGAN CHASE & CO   2009-08-11 2019-05-02
135. PPG INDS INC COM     2019-05-02
15. SERVICENOW INC   2017-05-18 2019-05-02
47. STARBUCKS CORP   2010-10-18 2019-05-02
2519.525 INV BALANCE RISK COMM STR Y     2019-05-08
1754.386 INV BALANCE RISK COMM STR Y   2018-08-09 2019-05-08
2906.415 GOLDMAN SACHS COMM STRAT INS     2019-05-13
471.698 NUVEEN REAL ESTATE SECS I   2013-08-30 2019-05-13
2320.733 ROBECO BOSTON PARTNERS L S RSRCH     2019-05-13
992.72 ROBECO BOSTON PARTNERS L S RSRCH   2019-04-10 2019-05-13
9903.748 EATON VANCE GLOBAL MACRO FD CL I     2019-05-15
1114.827 EATON VANCE GLOBAL MACRO FD CL I   2016-05-05 2019-05-15
75000. U S TREASURY NT 3.125% 5/15/19     2019-05-15
25000. MCDONALDS CORP MTN 1.875% 5/29/19   2016-12-15 2019-05-29
10217.114 INVESCO OPPENHEIMER SENIOR FLOATING     2019-05-30
492. ATT INC     2019-05-30
3977.28 CAUSEWAY INTERNATL VALUE INS     2019-05-30
100. MICROSOFT CORP COM   2009-08-11 2019-05-30
5138.746 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2013-05-08 2019-05-30
2698.131 ROBECO BOSTON PARTNERS L S RSRCH     2019-05-30
671.141 ROBECO BOSTON PARTNERS L S RSRCH   2019-03-27 2019-05-30
50. AMERICAN TOWER CORP     2019-06-03
25. MCDONALDS CORP   2010-07-13 2019-06-03
3593.429 LOOMIS SAYLES STRATEGIC ALPHA FUND Y   2013-05-08 2019-06-03
1700.68 ROBECO BOSTON PARTNERS L S RSRCH   2013-05-08 2019-06-03
17. RAYTHEON COMPANY   2018-09-13 2019-06-03
240. AMERICAN TOWER CORP     2019-06-04
100. CISCO SYS INC   2016-04-06 2019-06-04
6706.865 LOOMIS SAYLES STRATEGIC ALPHA FUND Y     2019-06-04
30. PROCTER & GAMBLE CO   2009-08-11 2019-06-04
2368.065 ROBECO BOSTON PARTNERS L S RSRCH   2013-05-08 2019-06-04
63. BIOGEN, INC     2019-06-05
10. BIOGEN, INC   2018-12-11 2019-06-05
271. SCHLUMBERGER LTD ISIN #AN8068571086   2009-08-11 2019-06-05
24. STARBUCKS CORP   2010-10-18 2019-06-05
2916.667 CAUSEWAY EMERGING MARKETS INSTL     2019-06-13
25000. WELLS FARGO BANK C D 2.350% 7/15/19   2018-06-08 2019-07-15
7192.665 INVESCO OPPENHEIMER SENIOR FLOATING     2019-07-25
15. APPLE COMPUTER INC   2010-11-15 2019-07-25
10. BOEING COMPANY   2011-04-12 2019-07-25
15. COSTCO WHSL CORP NEW     2019-07-25
35. EXXON MOBIL CORP   2009-08-11 2019-07-25
10. FACEBOOK INC A   2017-09-27 2019-07-25
100. ISHARES CORE MSCI EMERGING MKTS ETF     2019-07-25
50. J P MORGAN CHASE & CO   2009-08-11 2019-07-25
15. JOHNSON & JOHNSON   2015-04-15 2019-07-25
25. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010     2019-07-25
15. PAYPAL HOLDINGS INC   2018-12-11 2019-07-25
14. STANDARD & POORS DEPOSITARY RECEIPTS   2016-02-11 2019-07-25
36. STANDARD & POORS DEPOSITARY RECEIPTS   2018-10-12 2019-07-25
7. SERVICENOW INC   2017-05-18 2019-07-25
2916.951 TIAA CREF INFLATION LINKED BOND FUND     2019-07-25
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,398   1,611 787
b 3,846   2,470 1,376
c 2,886   1,597 1,289
d 2,809   2,408 401
e 34,090   25,118 8,972
5,844   2,086 3,758
43,133   45,200 -2,067
1,995   855 1,140
2,013   1,312 701
2,032   1,252 780
2,908   1,922 986
2,209   1,072 1,137
2,038   1,303 735
2,591   688 1,903
3,082   1,064 2,018
2,926   1,380 1,546
2,417   1,611 806
3,134   658 2,476
2,212   1,998 214
5,721   2,086 3,635
2,361   1,064 1,297
25,000   25,778 -778
4,529   877 3,652
3,779   2,459 1,320
2,898   2,426 472
16,634   21,607 -4,973
11,100   11,492 -392
2,815   1,069 1,746
8,260   4,141 4,119
2,750   2,076 674
9,602   9,298 304
2,319   439 1,880
1,962   365 1,597
2,717   2,423 294
5,759   1,161 4,598
2,234   793 1,441
1,951   1,534 417
9,952   10,461 -509
3,392   658 2,734
1,905   1,229 676
14,941   14,402 539
1,653   642 1,011
3,151   360 2,791
2,273   793 1,480
2,746   1,356 1,390
35,000   36,482 -1,482
34,766   32,217 2,549
9,990   10,739 -749
17,326   8,120 9,206
107,000   106,924 76
25,000   25,203 -203
10,019   10,337 -318
25,278   23,196 2,082
9,220   5,949 3,271
20,995   14,532 6,463
4,349   2,995 1,354
45   36 9
6,677   4,713 1,964
6,297   4,753 1,544
8,833   4,069 4,764
25,000   25,245 -245
14,936   16,622 -1,686
24,935   27,548 -2,613
17,024   17,878 -854
10,059   11,148 -1,089
24,363   25,372 -1,009
9,224   10,194 -970
50,000   50,224 -224
25,000   25,000  
170     170
25,000   25,177 -177
100,000   100,534 -534
4,785   3,306 1,479
61,914   56,159 5,755
28,096   30,183 -2,087
39,088   37,224 1,864
4,643   480 4,163
3,748   1,418 2,330
7,318   7,668 -350
6,220   3,713 2,507
7,908   9,215 -1,307
4,820   1,976 2,844
9,102   4,069 5,033
8,480   8,173 307
50,531   50,736 -205
50,000   50,035 -35
5,981   1,132 4,849
1,843   365 1,478
49,772   53,643 -3,871
8,274   4,195 4,079
2,446   1,649 797
5,956   1,161 4,795
3,205   1,838 1,367
10,246   9,153 1,093
15,000   15,957 -957
17,707   6,771 10,936
4,196   877 3,319
5,500   2,797 2,703
10,586   9,732 854
3,965   3,432 533
2,885   1,043 1,842
15,688   14,395 1,293
3,929   1,482 2,447
3,636   646 2,990
16,226   17,500 -1,274
11,298   12,000 -702
32,465   35,000 -2,535
10,000   9,774 226
34,672   35,170 -498
14,831   15,000 -169
84,974   88,920 -3,946
9,565   9,758 -193
75,000   75,229 -229
25,000   24,898 102
80,000   83,331 -3,331
15,631   17,607 -1,976
57,034   63,357 -6,323
12,527   2,323 10,204
50,000   54,265 -4,265
39,986   36,515 3,471
9,946   10,000 -54
10,396   6,853 3,543
4,950   1,773 3,177
35,036   37,947 -2,911
25,136   22,262 2,874
2,984   3,411 -427
49,665   21,331 28,334
5,304   2,797 2,507
65,392   68,697 -3,305
3,133   1,563 1,570
35,308   30,998 4,310
14,276   17,202 -2,926
2,266   3,227 -961
9,447   14,360 -4,913
1,915   330 1,585
34,971   38,144 -3,173
25,000   25,000  
55,815   57,938 -2,123
3,105   658 2,447
3,477   731 2,746
4,195   2,436 1,759
2,619   2,408 211
1,997   1,679 318
5,103   5,040 63
5,771   2,086 3,685
1,966   1,511 455
3,509   2,347 1,162
1,746   1,292 454
4,192   2,550 1,642
10,780   9,955 825
2,000   692 1,308
33,516   33,500 16
      23,244
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       787
b       1,376
c       1,289
d       401
e       8,972
      3,758
      -2,067
      1,140
      701
      780
      986
      1,137
      735
      1,903
      2,018
      1,546
      806
      2,476
      214
      3,635
      1,297
      -778
      3,652
      1,320
      472
      -4,973
      -392
      1,746
      4,119
      674
      304
      1,880
      1,597
      294
      4,598
      1,441
      417
      -509
      2,734
      676
      539
      1,011
      2,791
      1,480
      1,390
      -1,482
      2,549
      -749
      9,206
      76
      -203
      -318
      2,082
      3,271
      6,463
      1,354
      9
      1,964
      1,544
      4,764
      -245
      -1,686
      -2,613
      -854
      -1,089
      -1,009
      -970
      -224
       
      170
      -177
      -534
      1,479
      5,755
      -2,087
      1,864
      4,163
      2,330
      -350
      2,507
      -1,307
      2,844
      5,033
      307
      -205
      -35
      4,849
      1,478
      -3,871
      4,079
      797
      4,795
      1,367
      1,093
      -957
      10,936
      3,319
      2,703
      854
      533
      1,842
      1,293
      2,447
      2,990
      -1,274
      -702
      -2,535
      226
      -498
      -169
      -3,946
      -193
      -229
      102
      -3,331
      -1,976
      -6,323
      10,204
      -4,265
      3,471
      -54
      3,543
      3,177
      -2,911
      2,874
      -427
      28,334
      2,507
      -3,305
      1,570
      4,310
      -2,926
      -961
      -4,913
      1,585
      -3,173
       
      -2,123
      2,447
      2,746
      1,759
      211
      318
      63
      3,685
      455
      1,162
      454
      1,642
      825
      1,308
      16
       
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 2 200,445
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 498,038 5,903,675 0.084361
2016 489,041 5,757,838 0.084935
2015 478,948 5,715,322 0.083801
2014 477,521 6,363,816 0.075037
2013 320,909 6,294,739 0.050981
2
Total of line 1, column (d) .....................
2
0.379115
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
0.075823
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
5,608,789
5
Multiply line 4 by line 3......................
5
425,275
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,038
7
Add lines 5 and 6........................
7
428,313
8
Enter qualifying distributions from Part XII, line 4,.............
8
153,704
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 6,076
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 6,076
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 6,076
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 4,746
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 4,746
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,330
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (503) 464-3580

    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97208
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NA TRUSTEE
    1     		42,038    
    PO BOX 3168
    PORTLAND,OR97208
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,521,343
    b
    Average of monthly cash balances.......................
    1b
    172,859
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,694,202
    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
    5,694,202
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    85,413
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,608,789
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    280,439
    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
    280,439
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    6,076
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,076
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    274,363
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    32,500
    5
    Add lines 3 and 4............................
    5
    306,863
    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
    306,863
    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
    153,704
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    153,704
    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
    153,704
    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 7 306,863
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 118,694
    d From 2016...... 182,154
    e From 2017...... 188,346
    fTotal of lines 3a through e........ 489,194
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 153,704
    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..... 153,704
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 153,159 153,159
    (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 5 336,035
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		336,035
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 147,689
    d Excess from 2017.... 188,346
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    REBEKAH FINK -US BANK PCG
    302 N LAST CHANCE GULCH
    HELENA,MT59601
    (503) 464-4909
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT REBEKAH FINK
    cAny submission deadlines:
    CONTACT REBEKAH FINK
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS FOR GRADUATES OF GREAT FALLS, MT HIGH SCHOOLS
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CARROLL COLLEGE
    1601 N BENTON AVENUE
    HELENA,MT59625     		NONE I SCHOLARSHIPS 13,000
    MONTANA STATE UNIVERSITY
    211 MONTANA HALL
    BOZEMAN,MT59717     		NONE I SCHOLARSHIPS 52,000
    UNIVERSITY OF MONTANA
    32 CAMPUS DRIVE
    MISSOULA,MT59812     		NONE I SCHOLARSHIPS 26,000
    UNIVERSITY OF PROVIDENCE
    1302 20TH STREET SOUTH
    GREAT FALLS,MT59405     		NONE I SCHOLARSHIPS 6,500
    BRIGHAM YOUNG UNIVERSITY
    UNIVERSITY BLVD
    Provo,UT84602     		NONE I SCHOLARSHIP 13,000
    ROCKY MOUNTAIN COLLEGE
    RILEY DICKINSON
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE I SCHOLARSHIP 13,000
    UNIVERSITY OF MT WESTERN
    710 SOUTH ATLANTIC
    DILLON,MT59725     		NONE I SCHOLARSHIP 13,000
    OREGON STATE UNIVERSITY
    218 KERR ADMINSTRATION
    CORVALLIS,OR973312120     		NONE I SCHOLARSHIPS 13,000
    Total .................................bullet 3a 149,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 144,434  
    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 ............     		    18 200,445  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRETURN OF PRIOR YE     		    1 32,500  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   377,379  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    377,379
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Name of Bond End of Year Book Value End of Year Fair Market Value
    87612EAV8 TARGET CORP 78,419 76,115
    13161T401 CALVERT SHORT DURATI 63,155 63,273
    277923728 EATON VANCE GLOBAL M    
    464287176 ISHARES BARCLAYS TIP 94,675 100,144
    63872T620 LOOMIS SAYLES STRATE    
    58013MEQ3 MCDONALDS CORP MTN    
    94974BFQ8 WELLS FARGO CO    
    24422ESF7 JOHN DEERE MTN    
    58933YAQ8 MERCK CO INC    
    00206RCA8 ATT INC    
    31420B300 FEDERATED INST HI YL 58,705 57,448
    464288687 ISHARES S P U S PRE 36,646 37,350
    05531FAS2 BB T CORPORATION MTN 25,343 25,003
    68381K606 OPPENHEIMER SENIOR F    
    172967KK6 CITIGROUP INC 25,133 25,123
    46625HRT9 JPMORGAN CHASE CO 25,098 25,027
    670690387 NUVEEN INFLATION PRO    
    92343VCN2 VERIZON COMM INC    
    46625HKA7 JPMORGAN CHASE CO 25,360 24,986
    458140AM2 INTEL CORP 49,844 50,780
    912828KD1 U S TREASURY NT    
    057071854 BAIRD AGGREGATE BOND 58,732 60,968
    06051GFD6 BANK OF AMERICA CORP    
    912828RP7 U S TREASURY NT    
    9128284J6 U S TREASURY NT 59,815 60,108
    949763RJ7 WELLS FARGO BANK C D    
    278642AC7 EBAY INC 50,246 50,381
    670700400 NUVEEN PREFERRED SEC 50,000 49,912
    74442J406 PRUDENTIAL SHORT DUR 122,793 120,263
    00206RCS9 AT T INC 24,981 25,894
    74440B884 PRUDENTIAL TOTAL RET 60,000 60,782
    912828NT3 U S TREASURY NT 100,330 100,590
    912828LY4 U S TREASURY NT 150,946 150,470
    024932154 AMERICAN CENTURY HIG 57,000 57,676
    258620103 DOUBLELINE TOTAL RET 56,500 56,926
    464287226 ISHARES CORE TOTAL U 173,956 175,075
    9128284Q0 U S TREASURY NT 50,213 50,155
    912828Y46 U S TREASURY NT 125,269 125,689
    912828MP2 U S TREASURY NT 65,686 65,482
    72369L107 PIONEER ILS INTERVAL 40,000 40,168
    922020805 VANGUARD SHORT-TERM 28,814 29,055
    949763WE2 WELLS FARGO BANK C D 30,000 30,781
    9128285B2 U S TREASURY NT 100,616 100,824
    912828LJ7U S TREASURY NT 100,604 100,056

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Name of Stock End of Year Book Value End of Year Fair Market Value
    548661107 LOWES CO INC 9,409 22,308
    17275R102 CISCO SYSTEMS INC 12,137 24,930
    30303M102 FACEBOOK INC A 31,066 42,148
    91324P102 UNITED HEALTH GROUP 34,005 41,087
    378690606 GLENMEDE SC EQUITY P    
    00206R102 ATT INC    
    G5960L103 MEDTRONIC PLC 26,806 36,087
    464288877 ISHARES MSCI EAFE VA 57,505 54,873
    458140100 INTEL CORP 8,660 23,304
    693506107 P P G INDS INC    
    74005P104 PRAXAIR INC    
    22160K105 COSTCO WHSL CORP 16,159 30,319
    92343V104 VERIZON COMMUNICATIO    
    464287465 ISHARES MSCI EAFE ET 291,445 379,997
    464288885 ISHARES MSCI EAFE GR 75,295 77,694
    478160104 JOHNSON JOHNSON 26,959 45,447
    654106103 NIKE INC 9,045 16,088
    931142103 WAL MART STORES INC 15,081 27,816
    594918104 MICROSOFT CORP 21,367 125,368
    608190104 MOHAWK INDS INC CO    
    57636Q104 MASTERCARD INC 6,727 76,236
    855244109 STARBUCKS CORP 2,462 16,950
    949746101 WELLS FARGO CO    
    580135101 MCDONALDS CORP 7,062 21,072
    713448108 PEPSICO INC 10,586 23,645
    913017109 UNITED TECHNOLOGIES 13,821 33,133
    H1467J104 CHUBB LTD 12,950 29,804
    922908645 VANGUARD MID-CAP IND 37,500 48,473
    670678507 NUVEEN REAL ESTATE S 150,849 178,259
    00287Y109 ABBVIE INC 22,552 25,715
    88579Y101 3M CO 7,873 19,394
    315920686 FIDELITY ADV DIVERS    
    06828M876 BARON EMERGING MARKE 75,500 83,976
    369604103 GENERAL ELECTRIC CO    
    02079K305 ALPHABET INC CL A 9,794 52,383
    464287655 ISHARES RUSSELL 2000 150,400 228,578
    46434G103 ISHARES CORE MSCI EM 111,408 127,357
    742718109 PROCTER GAMBLE CO 10,421 23,608
    808513105 SCHWAB CHARLES CORP 16,174 26,105
    30231G102 EXXON MOBIL CORP 22,013 23,795
    81762P102 SERVICENOW INC 4,940 13,870
    46625H100 J P MORGAN CHASE CO 22,532 62,640
    254687106 DISNEY WALT CO 8,640 29,889
    717081103 PFIZER INC 12,062 29,557
    126650100 CVS HEALTH CORPORATI    
    03027X100 AMERICAN TOWER CORP    
    09062X103 BIOGEN, INC    
    172967424 CITIGROUP INC 9,423 16,794
    806857108 SCHLUMBERGER LTD    
    89353D107 TRANSCANADA CORP    
    149498107 CAUSEWAY EMERGING MA 81,243 82,860
    74925K581 ROBECO BOSTON PARTNE 48,964 57,792
    78462F103 SPDR S P 500 ETF 41,573 48,779
    78467Y107 MIDCAP SPDR TRUST SE 90,041 250,544
    693475105 P N C FINANCIAL SERV 15,366 24,293
    247361702 DELTA AIR LINES INC 29,223 36,685
    02079K107 ALPHABET INC CL C 2,490 13,383
    56585A102 MARATHON PETROLEUM C 22,969 27,011
    701877102 PARSLEY ENERGY INC-C 27,033 14,483
    060505104 BANK OF AMERICA CORP 14,252 31,140
    166764100 CHEVRON CORPORATION    
    00888Y508 INV BALANCE RISK COM    
    097023105 BOEING CO 5,336 24,906
    09857L108 BOOKING HOLDINGS INC    
    023135106 AMAZON.COM INC 63,133 95,206
    755111507 RAYTHEON COMPANY 17,011 15,130
    14949P208 CAUSEWAY INTERNATL V    
    440452100 HORMEL FOODS CORP    
    921921300 VANGUARD EQUITY INCO 69,500 76,225
    412295107 HARDING LOEVNER INTL 122,500 119,273
    037833100 APPLE INC 18,646 90,542
    47804M878 JOHN HANCOCK II GL    
    70450Y103 PAYPAL HOLDINGS INC 13,339 17,995
    58933Y105 MERCK AND CO INC 3,606 3,735
    464287200 ISHARES S P 500 E T 57,766 61,342
    922908736 VANGUARD GROWTH VIPE 79,545 85,241
    09247X101 BLACKROCK INC 16,482 19,175
    87807B107 TC ENERGY CORP 24,228 25,606
    031162100 AMGEN INC 13,974 14,926
    464287499 ISHARES RUSSELL MIDC 175,918 185,320
    285512109 ELECTRONIC ARTS INC 16,170 16,280
    N53745100 LYONDELLBASELL INDUS 14,971 14,395
    15135B101 CENTENE CORP COM 10,172 9,480
    055622104 BP PLC SPONS A D R 17,607 16,214

    TY 2018 InvestmentsOtherSchedule2
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    90348JGZ7 UBS BANK USA C D AT COST 50,000 50,529

    TY 2018 OtherDecreasesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Description Amount
    ROC ADJUSTMENT 2,774
    COST BASIS ADJUSTMENT 431


    TY 2018 OtherExpensesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 1 1   0


    TY 2018 OtherIncomeSchedule2
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RETURN OF PRIOR YEAR GRANTS 32,500 0  


    TY 2018 TaxesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,011 2,011   0
    FEDERAL TAX PAYMENT - PRIOR YE 2,054 0   0
    FEDERAL ESTIMATES - PRINCIPAL 4,746 0   0
    FOREIGN TAXES ON NONQUALIFIED 315 315   0