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 10-01-2018 , and ending 09-30-2019
Name of foundation
BRAEMAR CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 25442
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR972980442
A Employer identification number

93-6272124
B Telephone number (see instructions)

(503) 286-0685
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$19,647,139J 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 9,355 9,355  
4 Dividends and interest from securities... 496,126 496,126  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,431,717
b Gross sales price for all assets on line 6a 9,433,314
7 Capital gain net income (from Part IV, line 2)... 1,431,717
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).......      
12 Total. Add lines 1 through 11........ 1,937,198 1,937,198  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 143,000 0   143,000
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 4,700 0   4,700
c Other professional fees (attach schedule).... Click to see attachment 39,727 39,727   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,877 1,864   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 197,445 194,970   2,475
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 407,749 236,561   150,175
25 Contributions, gifts, grants paid....... 831,676 831,676
26 Total expenses and disbursements. Add lines 24 and 25 1,239,425 236,561   981,851
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 697,773
b Net investment income (if negative, enter -0-) 1,700,637
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.............      
2 Savings and temporary cash investments......... 175,140 157,202 157,202
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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)      
b Investments—corporate stock (attach schedule)....... 11,969,233 Click to see attachment12,153,225 12,726,764
c Investments—corporate bonds (attach schedule)....... 5,638,151 Click to see attachment6,347,612 6,437,541
11 Investments—land, buildings, and equipment: basis bullet105,000
Less: accumulated depreciation (attach schedule) bullet   105,000 Click to see attachment105,000 106,830
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 322,706 Click to see attachment144,964 218,802
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) 18,210,230 18,908,003 19,647,139
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........ 25,444,431 25,444,431
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -7,234,201 -6,536,428
30 Total net assets or fund balances (see instructions)..... 18,210,230 18,908,003
31 Total liabilities and net assets/fund balances (see instructions). 18,210,230 18,908,003
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
18,210,230
2
Enter amount from Part I, line 27a .....................
2
697,773
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
18,908,003
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
18,908,003
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 GAINS DIVIDENDS 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 9,340,508   8,001,597 1,338,911
b 92,806     92,806
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       1,338,911
b       92,806
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 1,431,717
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 865,795 20,097,640 0.043079
2016 970,953 19,947,556 0.048675
2015 992,574 18,744,252 0.052954
2014 1,107,324 20,324,518 0.054482
2013 964,820 20,738,545 0.046523
2
Total of line 1, column (d) .....................
2
0.245713
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
0.049143
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
18,924,183
5
Multiply line 4 by line 3......................
5
929,991
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
17,006
7
Add lines 5 and 6........................
7
946,997
8
Enter qualifying distributions from Part XII, line 4,.............
8
981,851
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 17,006
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 17,006
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 17,006
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 17,720
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,720
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 714
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet714 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$ 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.TRUSTMANAGEMENTSERVICES.NET
    14
    The books are in care ofbulletMARTHA B COX Telephone no.bullet (503) 286-0685

    Located atbulletPO BOX 25442PORTLANDOR ZIP+4bullet972980442
    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
     
     
    .........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
    MARTHA B COX TRUSTEE
    2.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    MELANIE ANN DAWSON TRUSTEE
    1.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    KEN DAWSON TRUSTEE
    1.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    GREG SNYDER TRUSTEE
    1.00     		0 0 0
    PO BOX 25442
    PORTLAND,OR97298
    MARY C BIRD GRANT ADMINISTRATOR
    5.00     		143,000 0 0
    PO BOX 1990
    WALDPORT,OR97394
    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.........................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
    18,640,021
    b
    Average of monthly cash balances.......................
    1b
    320,554
    c
    Fair market value of all other assets (see instructions)................
    1c
    251,794
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,212,369
    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
    19,212,369
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    288,186
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,924,183
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    946,209
    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
    946,209
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    17,006
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,006
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    929,203
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    929,203
    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
    929,203
    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
    981,851
    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
     
    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
    981,851
    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
    17,006
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    964,845
    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 7 929,203
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 971,145
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 981,851
    a Applied to 2017, but not more than line 2a 971,145
    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..... 10,706
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		918,497
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    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).)
    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:
    TRUST MANAGEMENT SERVICES
    PO BOX 1990
    WALDPORT,OR97394
    (541) 563-7279
    INFO@TRUSTMANAGEMENTSERVICES.NET
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION MUST BE IN WRITING; SUBMIT PROOF OF TAX EXEMPT STATUS IF APPLICABLE; COPY OF BY-LAWS AND CONSTITUTION; COPY OF CURRENT FINANCIAL STATEMENTS; STATEMENT OF SPECIFIC ENDEAVOR; RECORD OF PRIOR RESULTS OF SIMILAR EFFORTS; AND OTHER INFORMATION TAX EXEMPT ORGANIZATION CONSIDERS PERTINENT. SEE TRUSTMANAGEMENTSERVICES.NET FOR COMPLETE APPLICATION REQUIREMENTS.
    cAny submission deadlines:
    SUBMISSION DEADLINES VARY; SEE TRUSTMANAGEMENTSERVICES.NET FOR ALL DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS LIMITED TO TAX-EXEMPT ORGANIZATIONS WITHIN OREGON. GENERALLY THE MAXIMUM GRANT IS $10,000. NO GRANTS TO INDIVIDUALS.
    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
    ANTFARM INC
    39140 PROCTOR BLVD
    SANDY,OR97055     		  PC PAIRING YOUTH & ELDERS TO PROMOTE INDEPENDENT LIVING 8,000
    ARTS COUNCIL OF PENDLETON
    214 NORTH MAIN STREET
    PENDLETON,OR97801     		  PC YOUTH ARTS EDUCATION INSTRUCTOR SALARIES 8,000
    BAKER COUNTY COMMUNITY LITERACY COALITION INC
    2400 RESORT STREET
    BAKER CITY,OR97814     		  PC TO PURCHASE 600 NEW BOOKS FOR AGES PRE-K THROUGH 6TH GRADE 3,000
    BAKER COUNTY YMCAFAMILY YMCA OF BAKER CITY
    3715 POCAHONTAS ROAD
    BAKER CITY,OR97814     		  PC MAKE-A-SPLASH SWIM PROGRAM 5,000
    BAY CITY ARTS CENTER INC
    5680 A STREET
    BAY CITY,OR97107     		  PC ART EDUCATION AND ENGAGEMENT 10,000
    BEAVERTON EDUCATION FOUNDATION
    3800 SW CEDAR HILLS BLVD SUITE 168
    BEAVERTON,OR97005     		  PC AFTERSCHOOL AND SUMMER ENRICHMENT PROGRAMS 10,000
    BIRCH COMMUNITY SERVICES
    17780 NE SAN RAFAEL
    PORTLAND,OR97230     		  PC SUSTAINABLE FAMILIES PROGRAM 10,000
    BRIGHT HORIZONS THERAPEUTIC RIDING CENTER
    1925 LOGSDEN ROAD
    SILETZ,OR97380     		  PC SCHOLARSHIPS AND HORSE MAINTENANCE 10,000
    BUILDING HEALTHY FAMILIES
    207 NE PARK STREET
    ENTERPRISE,OR97828     		  PC TO ESTABLISH A BOOK BANK & BOOKS & BABIES PROGRAM 10,000
    CAMP ELSO INCORPORATED
    2209 N SCHOFIELD ST
    PORTLAND,OR97217     		  PC WEEKLONG SUMMER STEM CAMP FOR STUDENTS OF COLOR 10,000
    CANNON BEACH HISTORICAL SOCIETY
    PO BOX 1005
    CANNON BEACH,OR97110     		  PC NEW EXHIBIT, "STORMS OF OREGON" 10,000
    CASA FOR CHILDREN INC
    1401 NE 68TH AVENUE
    PORTLAND,OR97213     		  PC RECRUIT AND TRAIN NEW VOLUNTEER CASAS 10,000
    CASA OF CLACKAMAS COUNTY
    421 HIGH ST SUITE 108
    OREGON CITY,OR97045     		  PC FOSTERING FUTURES TRAINING PROGRAM 10,000
    CASA OF EASTERN OREGON
    1937 WASHINGTON AVENUE
    BAKER CITY,OR97814     		  PC RECRUIT, TRAIN, SUPPORT VOLUNTEERS 20,000
    CASA OF POLK COUNTY
    580 MAIN STREET SUITE D
    DALLAS,OR97338     		  PC RECRUIT, TRAIN, AND SUPPORT VOLUNTEERS 10,000
    COMMUNITY TRANSITIONAL SCHOOL
    6601 NE KILLINGSWORTH STREET
    PORTLAND,OR97218     		  PC INSTRUCTIONAL ASSISTANTS PROGRAM 5,000
    EAST COUNTY COMMUNITIES PARTNERSHIP
    321 SE 3RD
    TOLEDO,OR97391     		  PC COMMUNITY AND YOUTH PROGRAMS 10,000
    FAMILY JUSTICE CENTER OF WASHINGTON COUNTY
    735 SW 158TH AVENUE
    BEAVERTON,OR97006     		  PC TRAUMA-INFORMED CHILDCARE SERVICES 10,000
    FOOD ROOTS
    113 MAIN AVENUE
    TILLAMOOK,OR97141     		  PC FARM TO SCHOOL PROGRAMMING FOR K - 6 10,000
    FOUNDATIONS FOR A BETTER OREGON
    221 NW SECOND AVE STE 210E
    PORTLAND,OR97209     		  PC GENERAL SUPPORT 5,000
    FOUR RIVERS CULTURAL CENTER
    676 SW 5TH AVENUE
    ONTARIO,OR97914     		  PC TO PROVIDE DYNAMIC ART AND LEARNING EXPERIENCES 10,000
    FRIENDS OF SUMPTER VALLEY DREDGE INC
    PO BOX 291
    SUMPTER,OR97877     		  PC TO EXPAND INTERPRETIVE PROGRAMS, HISTORY BOOKS, MARKETING, AND UPDATE POS SOFTWARE 8,000
    FRIENDS OF THE CHILDREN - PORTLAND
    44 NE MORRIS
    PORTLAND,OR97212     		  PC MENTORING PROGRAM 7,500
    FRIENDS OF THE DALLAS PUBLIC LIBRARY
    950 MAIN STREET
    DALLAS,OR97338     		  PC EQUIPMENT AND LIBRARY MATERIALS 10,000
    FRIENDS OF THE WALDPORT LIBRARY
    460 NW HEMLOCK STREET
    WALDPORT,OR97394     		  PC SUMMER ACTIVITY PROGRAMS 7,600
    FRIENDS OF THE YACHATS LIBRARY
    560 W 7TH STREET
    YACHATS,OR97498     		  PC PURCHASE LIBRARY MATERIALS, UPDATE CHECK OUT SYSTEM 7,644
    GRANT-HARNEY COUNTY CASA
    835 S CANYON BLVD
    JOHN DAY,OR97845     		  PC SALARY FOR COLLEGE INTERN - 500 HOURS 10,000
    HELPS
    250 BROADALBIN STREET SW STE 2A
    ALBANY,OR97321     		  PC SUMMER ED & WORK EXPERIENCE IN STREAM LAB 10,000
    HOLY FAMILY CATHOLIC SCHOOL
    7425 SE CESAR E CHAVEZ BLVD
    PORTLAND,OR97202     		  PC EXPERIENTIAL SCIENCE EDUCATION 10,000
    HOUSECALL PROVIDERS PC
    5100 SW MACADAM AVE SUITE 200
    PORTLAND,OR97239     		  PC TRAINING IN THE AREA OF TRAUMA INFORMED CARE AND MOTIVATIONAL INTERVIEWING 10,000
    IMAGO THEATRE
    17 SE 8TH AVE
    PORTLAND,OR97214     		  PC TRANSFORMATIVE ARTS WORKSHOPS 10,000
    IMPACT NW
    1785 NE SANDY BLVD SUITE 200
    PORTLAND,OR97232     		  PC HANDS-ON AFTERSCHOOL LEARNING PROGRAM 10,000
    INNOVATIVE CONCEPTS FOR FAMILIES OF LINCOLN CO INC
    1039 NW NYE STREET
    NEWPORT,OR97365     		  PC READY TO RENT PROGRAM 10,000
    JULIETTE'S HOUSE
    1075 SW CEDARWOOD AVENUE
    MCMINNVILLE,OR97128     		  PC INTERVENTION FOR SUSPECTED ABUSE 10,000
    KIDS CLUB OF HARNEY COUNTY
    267 S EGAN AVENUE
    BURNS,OR97720     		  PC FRIDAY ACADEMY PROJECT 10,000
    LIBERTY RESTORATION INC (DBA LIBERTY THEATRE)
    1203 COMMERCIAL
    ASTORIA,OR97103     		  PC CLASSICAL SERIES WORKSHOPS IN LOCAL SCHOOLS 10,000
    OREGON ORAL HEALTH COALITION FOR LINCOLN CITY ORAL HEALTH
    9140 SW PIONEER COURT SUITE E
    WILSONVILLE,OR97070     		  PC DENTAL VOUCHERS FOR UNDERINSURED/UNINSURED ADULTS 10,000
    LINCOLN COUNTY HISTORICAL SOCIETY
    545 SW 9TH STREET
    NEWPORT,OR97365     		  PC SUPPLIES FOR THE REORGANIZATION OF STORAGE FACILITY 2,910
    LINCOLN COUNTY SCHOOL DISTRICT
    3000 S CRESTLINE DRIVE
    WALDPORT,OR97394     		  GOV CHALLENGE DAY PROGRAM 10,000
    LINFIELD COLLEGE
    900 SOUTH BAKER UNIT A512
    MCMINNVILLE,OR97128     		  PC GENERAL SUPPORT 5,000
    LITERARY ARTS INC
    925 SW WASHINGTON ST
    PORTLAND,OR97205     		  PC WRITERS IN THE SCHOOLS 10,000
    MEALS ON WHEELS PEOPLE
    7710 SW 31ST AVE
    PORTLAND,OR97219     		  PC EMERGENCY FOOD PROGRAM 5,000
    MEDICAL TEAMS INTERNATIONAL
    14150 SW MILTON COURT
    TIGARD,OR97224     		  PC LINCOLN COUNTY DENTAL VAN 10,000
    METROPOLITAN FAMILY SERVICE INC
    1808 SE BELMONT ST
    PORTLAND,OR97214     		  PC READY SET GO, BILINGUAL ED PROGRAM 10,000
    METROPOLITAN YOUTH SYMPHONY
    4800 SW MACADAM AVE SUITE 105
    PORTLAND,OR97239     		  PC SCHOOL OUTREACH PROGRAM 10,000
    MONDAY MUSICAL CLUB OF TILLAMOOK
    PO BOX 983
    TILLAMOOK,OR97141     		  PC SUPPLEMENTAL MUSIC EDUCATION FOR HS STUDENTS, SUBSIDIZED ADMISSION TO MUSICAL PERFORMANCES 10,000
    MOTHER & CHILD EDUCATION CENTER
    1515 NE 41ST AVENUE
    PORTLAND,OR97232     		  PC UPDATING EDUCATIONAL MATERIALS & INCREASE STAFFING 10,000
    MT HOOD KIWANIS CAMP
    10725 SW BARBUR BLVD SUITE 50
    PORTLAND,OR97219     		  PC KIWANIS CAMP MATTRESSES 10,000
    MUSIC CAMPS WALLOWA LAKE
    PO BOX 636
    LAGRANDE,OR97850     		  PC STAFFING FOR SUMMER 2020 BRASS & WOODWIND MUSIC CAMPS 7,500
    MY SISTER'S PLACE
    934 SW 8TH STREET
    NEWPORT,OR97365     		  PC SUPPLEMENTAL SALARY FOR THE SUPPORT AND EDUCATION GROUP COORDINATOR 10,000
    NEIGHBORS FOR KIDS
    634 SE HWY 101
    DEPOE BAY,OR97341     		  PC ENVIRONMENTAL EDUCATION 10,000
    NESTUCCA VALLEY COMMUNITY ALLIANCE
    PO BOX 253
    PACIFIC CITY,OR97135     		  PC SUMMER SCIENCE CAMP 9,800
    NORTH COUNTY RECREATION DISTRICT
    36155 9TH STREET
    NEHALEM,OR97131     		  PC SUMMER ED PROGRAM AND INSTALLATION OF NETTING AT SOFTBALL FIELDS 8,294
    OREGON 4-H FOUNDATION
    2050 NE LAFAYETTE AVENUE
    MCMINNVILLE,OR97128     		  PC YAMHILL COUNTY COMPUTER SCIENCE PATHWAY EXPLORER PROGRAM 10,000
    OREGON CASCADE WEST SENIOR SERVICES FOUNDATION
    1400 QUEEN AVENUE SE STE 206
    ALBANY,OR97322     		  PC FOOD COSTS FOR THE MEALS ON WHEELS IN LINCOLN COUNTY 10,000
    OREGON CHILDREN'S THEATRE COMPANY
    1939 NE SANDY BLVD
    PORTLAND,OR97232     		  PC THEATER FOR ALL INITIATE SCHOOL PROGRAM 10,000
    OREGON COAST AQUARIUM INC
    2820 SE FERRY SLIP ROAD
    NEWPORT,OR97365     		  PC CONSTRUCTION OF NEW EXHIBIT, "SEA PUNK" 10,000
    OREGON COAST CHILDREN'S THEATRE
    PO BOX 538
    TOLEDO,OR97391     		  PC ARTS IN EDUCATION & COMMUNITY ARTS INNOVATIVE 10,000
    OREGON COAST COUNCIL FOR THE ARTS
    777 WEST OLIVE STREET
    NEWPORT,OR97365     		  PC EDUCATIONAL THEATER EXPERIENCES FOR K- 5TH 10,000
    OREGON COAST YOUTH SYMPHONY FESTIVAL ASSOCIATION
    PO BOX 2405
    NEWPORT,OR97365     		  PC TO COVER COSTS OF BRINGING CONDUCTOR HELEN CHA-PYO TO NEWPORT 3,000
    OREGON EAST SYMPHONY INC
    345 SW 4TH STREET
    PENDLETON,OR97801     		  PC PLAYING FOR KEEPS PROGRAM - EXTRA CURRICULAR PROGRAM 4,700
    OREGON OUTREACH INC
    2215 N LOMBARD ST
    PORTLAND,OR97217     		  PC PLACING AT-RISK STUDENTS INTO INTERN POSITIONS 6,920
    OREGON STATE GRANGE FOUNDATIONFAIRVIEW GRANGE #273
    3749 MADRONA LN
    MEDFORD,OR97501     		  PC MUSICAL PERFORMANCE WORKSHOP FOR CHILDREN 715
    OSU'S AGRICULTURAL RESEARCH FOUNDATIONOREGON COAST STEM HUB
    2030 SE MARINE SCIENCE DRIVE
    NEWPORT,OR97365     		  PC WEE ENGINEER EARLY LEARNING PROFESSIONAL DEVELOPMENT 10,000
    PARROT CREEK CHILD & FAMILY SERVICES INC
    1001 MOLALLA AVE SUITE 209
    OREGON CITY,OR97045     		  PC PROVIDE A YOUTH THERAPIST & CERTIFIED ALCOHOL DRUG COUNSELOR 10,000
    PATHFINDERS OF OREGON DBA THE PATHFINDER NETWORK
    2501 SW FIRST AVE SUITE 300
    PORTLAND,OR97201     		  PC BASIC NEEDS ASSISTANCE PROGRAM FOR AT-RISK CHILDREN 10,000
    PORTLAND YOUTH PHILHARMONIC
    9320 SW BARBUR BLVD SUITE 140
    PORTLAND,OR97219     		  PC SCHOOL ENRICHMENT PROGRAMS 10,000
    PORTLAND YOUTHBUILDERS
    4816 SE 92ND AVE
    PORTLAND,OR97266     		  PC CONSTRUCTION TRAINING PROGRAM 7,500
    PROJECT LEMONADE INC
    1008 LLOYD CENTER
    PORTLAND,OR97232     		  PC SUMMER INTERNSHIP FOR FOSTER YOUTH 6,000
    READING RESULTS
    3115 NE SANDY BLVD SUITE 229
    PORTLAND,OR97232     		  PC NEW SCHOOL PROGRAM 10,000
    RETURNING VETERANS PROJECT
    220 NW 8TH AVE
    PORTLAND,OR97209     		  PC SUPPORT EXPANDED SERVICES TO VETERANS 10,000
    SABLE HOUSE
    314 SE OAK STREET
    DALLAS,OR97338     		  PC DOMESTIC VIOLENCE ED FOR KIDS AND ADULTS 10,000
    SANDE SCHOOL OF HORSEMANSHIP
    33836 BENNETT ROAD
    WARREN,OR97053     		  PC EQUINE LEADERSHIP PROGRAM FOR AT-RISK YOUTH 8,000
    SATURDAY ACADEMY
    5000 N WILLAMETTE BOULEVARD
    PORTLAND,OR97203     		  PC SUPPORT SCIENCE CAMP FOR MIDDLE SCHOOLERS 10,000
    SEASHORE FAMILY LITERACY CENTER
    125 NW SPRUCE
    WALDPORT,OR97394     		  PC SUPPORT SUMMER ARTS, LEARNING GARDEN, AND TUTORING PROGRAMS 10,000
    SERENDIPITY CENTER INC
    PO BOX 33350
    PORTLAND,OR97292     		  PC FARM TO COMMUNITY PROJECT 10,000
    ST ANDREW NATIVITY SCHOOL
    4925 NE 9TH AVE
    PORTLAND,OR97211     		  PC STEM PROGRAM 10,000
    TAFT ELEMENTARY SCHOOL
    4040 SE HIGH SCHOOL DRIVE
    LINCOLN CITY,OR97367     		  GOV SUPPORT THE AVID PROGRAM 9,931
    THE CANBY CENTER
    681 SW 2ND AVENUE
    CANBY,OR97013     		  PC CARGO VAN FOR PICKING UP DONATED PRODUCT 10,000
    THE CHILDREN'S BOOK BANK
    1915 NE 7TH AVE
    PORTLAND,OR97212     		  PC PROVIDE BOOKS TO ALBINA HEAD START 10,000
    THE DOUGY CENTER INC
    3909 SE 52ND AVE
    PORTLAND,OR97206     		  PC SATURDAY GRIEF SUPPORT GROUP 10,000
    THE LIBRARY FOUNDATION INC
    620 SW FIFTH AVE SUITE 1025
    PORTLAND,OR97204     		  PC SUMMER READING 2019'S TEEN VOLUNTEER PROGRAM 10,000
    THE SHADOW PROJECT
    2154 NE BROADWAY 130
    PORTLAND,OR97232     		  PC MENTORING PROJECT FOR SPECIAL ED READING 8,662
    THERAPY WORKS NW
    7927 SE ORIENT DRIVE
    GRESHAM,OR97080     		  PC CHARITABLE THERAPY HOURS FOR CHILDREN 10,000
    TILLAMOOK COUNTY FAMILY YMCA
    610 STILLWELL AVENUE
    TILLAMOOK,OR97141     		  PC ACTIVITIES COORDINATOR FOR "AFTER SCHOOL AT THE PORT" 10,000
    TILLAMOOK COUNTY WOMEN'S RESOURCE CENTER
    1902 2ND STREET
    TILLAMOOK,OR97141     		  PC THERAPEUTIC ART CURRICULUM FOR YOUTH TRAUMA SURVIVORS 10,000
    TREASURE VALLEY RELIEF NURSERY
    780 SE 6TH STREET
    ONTARIO,OR97914     		  PC YEAR ROUND THERAPEUTIC CLASSROOM FOR CLASSROOM OF EIGHT TODDLERS 10,000
    WALLOWA HISTORY CENTER
    602 W 1ST STREET
    WALLOWA,OR97855     		  PC CONSULTANT FOR RESEARCH LIBRARY EXPANSION AND PROPOSED INTERPRETIVE CENTER 8,000
    WARRENTON SCHOOL DISTRICT
    1700 S MAIN AVENUE
    WARRENTON,OR97146     		  GOV ROBOTICS/FABLAB PROGRAMMING 10,000
    WHITE BIRD
    5620 SW EDGEMONT PL
    PORTLAND,OR97239     		  PC OUTEACH PROJECT WITH PORTLAND PUBLIC SCHOOLS 5,000
    YACHATS YOUTH & FAMILY ACTIVITIES PROGRAM INC
    441 HWY 101 N
    YACHATS,OR97498     		  PC SUPPORT THE EARLY CHILDHOOD EDUCATION PROGRAM 10,000
    YAMHILL COUNTY CASA
    638 NE 5TH STREET
    MCMINNVILLE,OR97128     		  PC "SERVE EVERY CHILD" VIA RECRUIT, RETAIN, TRAIN 10,000
    Total .................................bullet 3a 831,676
    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 ...........     		    14 9,355  
    4 Dividends and interest from securities....     14 496,126  
    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 1,431,717  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,937,198 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,937,198
    (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 AccountingFeesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION FEES 4,700 0   4,700

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK MULTIASSET 975,000 1,009,257
    DOUBLELINE CORE FIXED 1,900,025 1,950,830
    PIMCO ALL ASSET 904,436 888,087
    VANGUARD ST INF-PROT SEC. INDEX FUND 598,690 594,333
    VANGUARD TOTAL BOND FUND 1,969,461 1,995,034

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHAMPLAIN SMALL COMPANY FUND 700,000 682,969
    DFA GLOBAL REAL ESTATE 1,000,000 1,126,917
    DODGE & COX INTL STOCK FUND 1,300,000 1,176,491
    GMO BENCHMARK 875,000 885,008
    HARBOR EMERGING MARKET EQUITIES FUND 600,025 583,456
    JOHCM INTL FUND 680,930 1,263,139
    SCHWAB S&P 500 INDEX FUND 4,370,000 4,484,283
    SCHWAB SMALL CAP INDEX FUND 403,093 388,973
    VANGUARD TTL INTL VTIAX 2,224,177 2,135,528

    TY 2018 InvestmentsLandSchedule2
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 105,000 0 105,000 106,830

    TY 2018 InvestmentsOtherSchedule2
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LIFE INSURANCE POLICIES AT COST 144,964 218,802

    TY 2018 OtherExpensesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OR DEPT OF JUSTICE FEE 2,221 0   2,221
    INSURANCE PREMIUMS 190,349 190,349   0
    RENT, P.O. BOX 154 0   154
    BANK CHARGES 100 0   100
    PROPERTY MAINTENANCE 4,621 4,621   0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO MANAGEMENT FEES 39,727 39,727   0


    TY 2018 TaxesSchedule
    Name:
    BRAEMAR CHARITABLE TRUST
    EIN:
    93-6272124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 1,864 1,864   0
    FEDERAL TAXES 21,013 0   0