TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 03-01-2020 , and ending 02-28-2021

Name of foundation
EMINGER STEWART FOUNDATION UMA

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

35-6797693

B Telephone number (see instructions)

(503) 464-3580

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$5,324,093J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	75,983		74,953
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-72,990
b	Gross sales price for all assets on line 6a 1,009,950
7	Capital gain net income (from Part IV, line 2)...			0
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).......		5,007	31
12	Total. Add lines 1 through 11........	8,000		74,984
13	Compensation of officers, directors, trustees, etc.	54,656		49,190		5,466
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....		1,336	1,202		134
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		24,118	1,686		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).......		793	78		715
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	82,403		52,156	0	7,815
25	Contributions, gifts, grants paid.......	206,589				206,589
26	Total expenses and disbursements. Add lines 24 and 25	288,992		52,156	0	214,404
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-280,992
b	Net investment income (if negative, enter -0-)			22,828
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	79,848	64,337	64,337
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,453,128	1,406,975	2,509,789
	c	Investments—corporate bonds (attach schedule).......	154,214	173,100	177,592
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,467,469	2,228,432	2,572,375
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,154,659	3,872,844	5,324,093
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	4,154,659	3,872,844
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	4,154,659	3,872,844
	30	Total liabilities and net assets/fund balances (see instructions).	4,154,659	3,872,844

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

4,154,659

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

-280,992

Other increases not included in line 2 (itemize) bullet

1,645

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

3,875,312

Decreases not included in line 2 (itemize) bullet

2,468

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

3,872,844

Form 990-PF (2020)

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	392.32 COLUMBIA SMALL CAP GROWTH I FUND		2019-06-14	2020-05-27
b	1070.252 FEDERATED INST HI YLD BD FD		2020-01-28	2020-05-27
c	2029. ISHARES CORE MSCI EMERGING MKTS ETF		2019-06-14	2020-05-27
d	7161. ISHARES CURRENCY HEDGED MSCI ETF		2019-06-14	2020-05-27
e	4965.526 PRUDENTIAL SHORT DURATION HIGH YIELD		2019-06-14	2020-05-27
	2433. SCHWAB US REIT ETF		2019-06-14	2020-05-27
	1006.185 VANGUARD SMALL CAP VALUE INDEX FUND		2019-06-14	2020-05-27
	501.983 VANGUARD SMALL CAP INDEX FUND		2019-06-14	2020-05-27
	180. CABOT OIL & GAS CORP CL A		2019-06-14	2020-06-26
	153. DELTA AIR LINES INC		2019-08-15	2020-06-26
	409. DELTA AIR LINES INC		2013-01-25	2020-06-26
	226. H D F C BK LTD A D R		2019-06-14	2020-06-26
	343. ISHARES CORE MSCI EMERGING MKTS ETF		2019-06-14	2020-06-26
	602. MARATHON PETROLEUM CORP		2019-06-14	2020-06-26
	111. LYONDELLBASELL INDUSTRIES CL A		2019-06-14	2020-06-26
	694.21 VANGUARD SMALL CAP INDEX FUND		2019-06-14	2020-06-29
	2217.973 WFA SPECIAL MID CAP VAL I		2019-06-14	2020-06-29
	231. ISHARES CORE MSCI EMERGING MKTS ETF		2019-06-14	2020-07-30
	589. INVESCO QQQ TRUST ETF		2020-06-26	2020-08-13
	6. ISHARES RUSSELL MIDCAP VALUE ETF		2019-08-15	2020-08-13
	908. ISHARES RUSSELL MIDCAP VALUE ETF		2019-06-14	2020-08-13
	374. ISHARES MSCI USA MIN VOLATILITY ETF		2016-07-08	2020-08-13
	1. CENTRAIS ELETRICAS BRASILEIRAS A D R		1911-11-11	2020-08-17
	1. WELLS FARGO & CO NEW		1911-11-11	2020-10-02
	1036. MYLAN NV		2019-06-14	2020-11-17
	.998 PIONEER NAT RES CO COM W/RIGHTS ATTACHED EXP 7/31/2011		2019-06-14	2021-02-25
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,996	8,007	989
b	9,932	10,574	-642
c	90,593	101,105	-10,512
d	192,197	207,887	-15,690
e	41,661	44,243	-2,582
	87,576	110,969	-23,393
	47,039	55,441	-8,402
	34,818	36,830	-2,012
	2,974	4,331	-1,357
	4,113	8,739	-4,626
	10,994	19,470	-8,476
	10,185	14,366	-4,181
	16,310	17,092	-782
	21,293	28,618	-7,325
	7,027	9,530	-2,503
	47,852	50,934	-3,082
	75,345	86,146	-10,801
	12,031	11,511	520
	160,411	141,406	19,005
	500	507	-7
	75,680	79,730	-4,050
	23,969	17,397	6,572
	184		184
	144		144
	16,322	17,967	-1,645
	150	140	10
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654
			11,654

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			989
b			-642
c			-10,512
d			-15,690
e			-2,582
			-23,393
			-8,402
			-2,012
			-1,357
			-4,626
			-8,476
			-4,181
			-782
			-7,325
			-2,503
			-3,082
			-10,801
			520
			19,005
			-7
			-4,050
			6,572
			184
			144
			-1,645
			10

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-72,990
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	317
c	All other domestic foundations enter 1.39% 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	317
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	317
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	11,736
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	11,736
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	11,419
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax320	Refunded	11	11,099

Part VII-A

Statements Regarding Activities

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

Yes

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

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

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

The books are in care of bullet

US BANK Telephone no. bullet

(541) 465-4120

Located at bullet

555 SW OAKPORTLANDOR ZIP+4 bullet

97208

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
US BANK NA	TRUSTEE 1	54,656
PO BOX 3168 PORTLAND,OR97208	TRUSTEE 1	54,656

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

4,737,288

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

101,773

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

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

4,839,061

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

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

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

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

4,839,061

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

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

72,586

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

4,766,475

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

238,324

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

238,324

Tax on investment income for 2020 from Part VI, line 5......

317

Income tax for 2020. (This does not include the tax from Part VI.)...

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

317

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

238,007

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

4,976

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

242,983

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

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

242,983

Part XII

Qualifying Distributions (see instructions)

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

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

214,404

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

214,404

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

214,404

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					242,983
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				205,637
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 214,404
a Applied to 2019, but not more than line 2a				205,637
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 2020 distributable amount.....					8,767
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		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 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					234,216
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 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

US BANK ATTN LINDA THOMAS-BUSH
800 WILLAMETTE ST
EUGENE,OR97401
(503) 465-4120

bThe form in which applications should be submitted and information and materials they should include:

REQUEST FROM US BANK

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

RESIDENTS OF GRANT COUNTY, OREGON - SCHOLARSHIPS FOR COLLEGE, UNIVERSITY, OR OTHER INSTITUTIONS OF HIGHER LEARNING.

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
GRAND CANYON UNIVERSITY PO BOX 11590 PHOENIX,AZ85061	NONE	I	SCHOLARSHIPS	6,700
OREGON STATE UNIVERSITY - CASCADES FINANCIAL AID OFFICE 1500 SW CHANDLER AVE BEND,OR97702	NONE	I	SCHOLARSHIPS	20,100
PACIFIC UNIVERSITY 2043 COLLEGE WAY FOREST GROVE,OR97116	NONE	I	SCHOLARSHIPS	13,400
TREASURE VALLEY COMMUNITY COLLEGE FINANCIAL AID OFFICE 650 COLLEGE BLVD ONTARIO,OR97914	NONE	I	SCHOLARSHIPS	58,600
UNIVERSITY OF OREGON 1278 UNIVERSITY OF OREGON EUGENE,OR97403	NONE	I	SCHOLARSHIP	13,400
WESTERN OREGON UNIVERSITY FINANCIAL AID OFFICE 345 N MONMOUTH AVE MONMOUTH,OR97361	NONE	I	SCHOLARSHIPS	26,800
UNIVERSITY OF MONTANA 32 CAMPUS DR MISSOULA,MT59812	NONE	LPUBLIC	SCHOLARSHIP	2,289
UTAH STATE UNIVERISTY 1600 OLD MAIN HILL LOGAN,UT84321	NONE	I	SCHOLARSHIPS	6,700
Umpqua Community College 1140 UMPQUA COLLEGE RD Roseburg,OR97470	NONE	I	SCHOLARSHIP	6,700
PAUL MITCHELL THE SCHOOL BOISE 1270 S VINNELL WAY BOISE,ID83709	NONE	I	SCHOLARSHIPS	13,400
WASHINGTON STATE UNIVERSITY PO BOX 641039 PULLMAN,WA991641067	NONE	I	SCHOLARSHIPS	11,700
WALLA WALLA UNIVERSITY 204 S COLLEGE AVE COLLEGE PLACE,WA99324	NONE	I	SCHOLARSHIPS	6,700
ROCKY MOUNTAIN COLLEGE 1511 POLY DR Billings,MT59102	NONE	I	SCHOLARSHIPS	6,700
UNIVERSITY OF MARYLAND 7999 REGENTS DR COLLEGE PARK,MD20742	NONE	I	SCHOLARSHIPS	6,700
UNIVERSITY OF PHOENIX 4035 S RIVERPOINT PKWY Phoenix,AZ85040	NONE	I	SCHOLARSHIPS	6,700
Total ................................. 3a				206,589

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	75,983
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	-72,990
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	31
bGRANT RECOVERIES			1	4,976
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				8,000

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

8,000

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,500			1,500

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Name of Bond	End of Year Book Value	End of Year Fair Market Value
31420B300 FEDERATED INST HI YL	173,100	177,592

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Name of Stock	End of Year Book Value	End of Year Fair Market Value
824348106 SHERWIN WILLIAMS CO	4,827	10,885
110122108 BRISTOL MYERS SQUIBB	15,317	16,804
02079K305 ALPHABET INC CL A	23,529	62,679
46429B697 ISHARES MSCI USA MIN	266,934	378,695
81762P102 SERVICENOW INC	2,173	19,738
30303M102 FACEBOOK INC A	12,556	54,100
723787107 PIONEER NAT RES CO	10,638	11,291
101137107 BOSTON SCIENTIFIC CO	8,373	13,612
28176E108 EDWARDS LIFESCIENCES	7,396	10,969
848637104 SPLUNK INC	18,321	25,456
037833100 APPLE INC	14,214	68,391
22160K105 COSTCO WHSL CORP	30,854	45,347
247361702 DELTA AIR LINES INC
15135B101 CENTENE CORP COM	34,527	40,919
64110L106 NETFLIX.COM INC	1,813	15,088
31620M106 FIDELITY NATL INFORM	3,441	6,210
46625H100 J P MORGAN CHASE CO	10,950	20,457
92826C839 VISA INC	3,504	21,451
70450Y103 PAYPAL HOLDINGS INC	4,429	29,883
91324P102 UNITED HEALTH GROUP	23,505	52,491
023135106 AMAZON.COM INC	21,471	92,788
03027X100 AMERICAN TOWER CORP	20,077	31,339
278865100 ECOLAB INC	10,092	13,818
57636Q104 MASTERCARD INC	3,734	8,139
594918104 MICROSOFT CORP	104,122	162,666
921910501 VANGUARD INTL GRWTH	1	3
77954Q106 T ROWE PRICE BLUE CH	115,228	301,414
958102105 WESTERN DIGITAL CORP	6,847	12,884
808513105 SCHWAB CHARLES CORP	31,189	45,735
136375102 CANADIAN NATL RY CO	11,294	13,556
902252105 TYLER TECHNOLOGIES I	15,401	32,439
714264207 PERNOD RICARD SA UNS	13,271	14,227
33829M101 FIVE BELOW	21,172	29,965
22822V101 CROWN CASTLE INTL CO	11,782	12,460
049255706 ATLAS COPCO AB SPONS	7,445	14,293
024835100 AMERICAN CAMPUS COMM	15,665	13,517
592688105 METTLER-TOLEDO INTL	9,590	15,625
060505104 BANK OF AMERICA CORP	18,449	22,943
88032Q109 TENCENT HLDGS LTD A	11,883	24,590
20449X401 COMPASS GROUP PLC A	9,390	7,910
N53745100 LYONDELLBASELL INDUS
58733R102 MERCADOLIBRE INC	14,791	39,315
89400J107 TRANSUNION	18,190	20,210
G8473T100 STERIS PLC	14,861	18,179
76680R206 RINGCENTRAL INC	16,507	52,942
863667101 STRYKER CORP	10,514	12,863
127097103 CABOT OIL GAS CORP C
285512109 ELECTRONIC ARTS INC	21,150	30,947
384109104 GRACO INC	7,571	10,611
608190104 MOHAWK INDS INC CO	3,168	3,675
701877102 PARSLEY ENERGY INC-C
040413106 ARISTA NETWORKS INC	16,281	19,869
87807B107 TC ENERGY CORP	5,937	5,074
595112103 MICRON TECHNOLOGY IN	3,893	10,984
440452100 HORMEL FOODS CORP	8,681	9,599
216648402 COOPER COS INC	7,710	8,881
82509L107 SHOPIFY INC A	18,785	67,891
56585A102 MARATHON PETROLEUM C
097023105 BOEING CO	7,510	4,876
874039100 TAIWAN SEMICONDUCTOR	9,801	31,863
03662Q105 A N S Y S INC	7,537	12,617
297284200 ESSILOR INTL A D R	7,986	10,806
110122157 BRISTOL MYERS SQUIBB
40415F101 H D F C BK LTD A D R
78409V104 S P GLOBAL INC	19,184	27,996
931142103 WAL MART STORES INC	28,962	34,559
032095101 AMPHENOL CORP CL A	12,177	16,213
955306105 WEST PHARMACEUTICAL	12,406	28,346
452327109 ILLUMINA INC COM	6,132	8,349
806857108 SCHLUMBERGER LTD	2,932	2,233
H01301128 ALCON INC	7,538	9,029
852234103 SQUARE INC A	8,156	26,223
33616C100 FIRST REPUBLIC BANK	8,633	15,651
H1467J104 CHUBB LTD	26,220	28,452
87155N109 SYMRISE AG UNSPON A	13,328	15,697
192422103 COGNEX CORP	8,958	16,518
92345Y106 VERISK ANALYTICS INC	13,784	15,402
893641100 TRANSDIGM GROUP INC	6,207	7,497
012653101 ALBEMARLE CORP	18,270	39,460
00846U101 AGILENT TECHNOLOGIES	6,422	11,108
G6095L109 APTIV PLC	7,921	15,733
N59465109 MYLAN NV
09062X103 BIOGEN, INC	5,067	6,003
172967424 CITIGROUP INC	9,255	9,091
001317205 AIA GROUP LTD ADR	11,179	14,865
92556V106 VIATRIS INC	17,967	15,385

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
74442J406 PRUDENTIAL SHORT DUR
464287499 ISHARES RUSSELL MIDC	AT COST	115,098	150,454
949915482 WFA SPECIAL MID CAP
89155H793 TOUCHSTONE MID CAP Y	AT COST	128,389	159,887
00170K372 AMG TRILOGY EMERGING	AT COST	97,747	128,140
464287473 ISHARES RUSSELL MIDC
921937686 VANGUARD SMALL CAP V
19765P596 COLUMBIA SMALL CAP G	AT COST	41,295	71,928
921937728 VANGUARD MC GROW IND	AT COST	22,334	32,980
46434G103 ISHARES CORE MSCI EM	AT COST	207,005	271,801
258620103 DOUBLELINE TOTAL RET	AT COST	145,125	144,037
524686524 CLEARBRIDGE INTERNAT	AT COST	122,184	152,674
922908686 VANGUARD SMALL CAP I	AT COST	49,757	68,576
74440B884 PGIM TOTAL RETURN BO	AT COST	146,221	146,021
808524870 SCHWAB U.S. TIPS ETF	AT COST	88,981	94,585
024524217 AMERICAN BEACON STEP	AT COST	90,882	131,664
808524847 SCHWAB US REIT ETF
46434V803 ISHARES CURRENCY HED	AT COST	259,983	267,393
464287226 ISHARES CORE TOTAL U	AT COST	142,067	148,212
921937819 VANGUARD INTERMEDIAT	AT COST	135,706	133,222
46090E103 INVESCO QQQ TRUST ET	AT COST	83,405	113,405
72369L107 PIONEER ILS INTERVAL	AT COST	139,623	138,434
025076878 AMERICAN CENTURY REA	AT COST	76,909	86,835
316146356 FIDELITY U S BOND IN	AT COST	135,721	132,127

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Description	Amount
PY ROC ADJUSTMENT	1,882
WORTHLESS SECURITIES ADJUSTMENT	584
ROUNDING ADJUSTMENT	2

- TIN:

TY 2020 OtherExpensesSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEE/TAX	715	0		715
ADR FEES	78	78		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	31	31
GRANT RECOVERIES	4,976	0

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Description	Amount
MYLAN CORPORATE ACTION ADJUSTMENT	1,645

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE	1,336	1,202		134

- TIN:

TY 2020 TaxesSchedule

Name:

EMINGER STEWART FOUNDATION UMA

EIN:

35-6797693

Category	Amount	Net Investment Income
FOREIGN TAXES	1,381	1,381
FEDERAL TAX PAYMENT - PRIOR YE	10,696	0
FEDERAL ESTIMATES - PRINCIPAL	11,736	0
FOREIGN TAXES ON NONQUALIFIED	305	305