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
WAYNE C 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

91-6574050

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

$8,171,183J 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...	116,228		115,877
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-161,193
b	Gross sales price for all assets on line 6a 1,254,840
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).......		75,422	45
12	Total. Add lines 1 through 11........	30,457		115,922
13	Compensation of officers, directors, trustees, etc.	67,815		61,033		6,781
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)....		2,030	1,827		203
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		41,128	2,596		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		1,170	120		1,050
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	113,643		65,576	0	9,534
25	Contributions, gifts, grants paid.......	424,811				424,811
26	Total expenses and disbursements. Add lines 24 and 25	538,454		65,576	0	434,345
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-507,997
b	Net investment income (if negative, enter -0-)			50,346
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.........	62,069	65,025	65,025
	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).......	1,729,347	1,634,137	3,172,415
	c	Investments—corporate bonds (attach schedule).......	433,629	433,629	444,648
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,273,241	3,870,202	4,489,095
	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)	6,498,286	6,002,993	8,171,183
	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........	6,498,286	6,002,993
	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).....	6,498,286	6,002,993
	30	Total liabilities and net assets/fund balances (see instructions).	6,498,286	6,002,993

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

6,498,286

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

-507,997

Other increases not included in line 2 (itemize) bullet

16,362

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

6,006,651

Decreases not included in line 2 (itemize) bullet

3,658

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

6,002,993

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	151. DELTA AIR LINES INC		2019-06-28	2020-05-29
b	728. DELTA AIR LINES INC		2017-01-06	2020-05-29
c	6726. ISHARES INTERNATIONAL SELECT DIV ETF		2019-08-29	2020-05-29
d	3758. ISHARES CORE MSCI EMERGING MKTS ETF		2019-06-16	2020-05-29
e	8277. ISHARES CURRENCY HEDGED MSCI ETF		2019-06-05	2020-05-29
	7337.009 PRUDENTIAL SHORT DURATION HIGH YIELD		2019-06-28	2020-05-29
	895. SCHWAB U.S. TIPS ETF		2019-08-29	2020-05-29
	1355.231 VANGUARD SMALL CAP VALUE INDEX FUND		2019-06-28	2020-05-29
	1835.957 VANGUARD SMALL CAP INDEX FUND		2019-06-28	2020-05-29
	38. BOEING COMPANY		2017-01-06	2020-08-13
	348. H D F C BK LTD A D R		2019-06-28	2020-08-13
	280. INVESCO QQQ TRUST ETF		2020-05-29	2020-08-13
	395. ISHARES RUSSELL MIDCAP VALUE ETF		2019-06-28	2020-08-13
	1487. ISHARES MSCI USA MIN VOLATILITY ETF		2019-06-28	2020-08-13
	466. ISHARES CORE MSCI EMERGING MKTS ETF		2019-06-28	2020-08-13
	976. PARSLEY ENERGY INC-CLASS A		2019-06-28	2020-08-13
	1786.815 TOUCHSTONE MID CAP Y		2019-06-28	2020-08-13
	1022. MYLAN NV		2019-06-28	2020-11-17
	567. MYLAN NV		2017-01-06	2020-11-17
	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	3,781	8,596	-4,815
b	18,228	36,152	-17,924
c	165,445	215,765	-50,320
d	166,994	194,072	-27,078
e	222,136	260,632	-38,496
	61,851	65,813	-3,962
	53,090	51,543	1,547
	61,270	76,001	-14,731
	125,433	137,862	-12,429
	6,606	6,042	564
	16,419	22,443	-6,024
	76,277	64,443	11,834
	32,958	35,021	-2,063
	95,367	91,716	3,651
	24,605	24,064	541
	11,713	18,323	-6,610
	71,097	66,148	4,949
	16,102	19,568	-3,466
	8,933	21,829	-12,896
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535
			16,535

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			-4,815
b			-17,924
c			-50,320
d			-27,078
e			-38,496
			-3,962
			1,547
			-14,731
			-12,429
			564
			-6,024
			11,834
			-2,063
			3,651
			541
			-6,610
			4,949
			-3,466
			-12,896

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	-161,193
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	700
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	700
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	700
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	20,304
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	20,304
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	19,604
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax700	Refunded	11	18,904

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

97204

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	67,815
PO BOX 3168 PORTLAND,OR97208	TRUSTEE 1	67,815

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

7,338,658

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

61,275

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

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

7,399,933

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

7,399,933

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

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

110,999

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

7,288,934

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

364,447

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

364,447

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

700

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

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

700

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

363,747

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

75,377

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

439,124

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

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

439,124

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 ..........

434,345

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

434,345

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

434,345

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					439,124
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				342,613
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: $ 434,345
a Applied to 2019, but not more than line 2a				342,613
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.....					91,732
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 ..........					347,392
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).)

NONE

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.

NONE

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:

LINDA THOMAS BUSH
1025 NW BOND ST
BEND,OR97701
(541) 465-4120

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

CONTACT ABOVE

cAny submission deadlines:

CONTACT ABOVE

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

RESIDENTS OF GRANT COUNTY, OR

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
DIXIE STATE UNIVERSITY 225 SOUTH UNIVERSITY AVENUE ST GEORGE,UT84770	NONE	I	SCHOLARSHIPS	6,700
LIBERTY UNIVERSITY 1971 UNIVERSITY BLVD LYNCHBURG,VA24515	NONE	I	SCHOLARSHIPS	6,700
GEORGE FOX UNIVERSITY 414 N MERIDIAN STREET NEWBERG,OR97132	NONE	I	SCHOLARSHIP	6,700
OREGON STATE UNIVERSITY 218 KERR ADMIN BLDG CORVALLIS,OR97331	NONE	I	SCHOLARSHIP	20,100
DIVERS INSTITUTE OF TECHNOLOGY 1341 N NORTHLAKE WAY SUITE 150 Seattle,WA98103	NONE	I	SCHOLARSHIPS	6,700
MONTANA STATE UNIVERSITY 211 MONTANA HALL BOZEMAN,MT59717	NONE	I	SCHOLARSHIPS	20,100
NORTHWEST NAZARENE UNIVERSITY 623 S UNIVERSITY BLVD NAMPA,ID83686	NONE	I	SCHOLARSHIPS	6,700
OREGON INSTITUTE OF TECHNOLOGY 3201 CAMPUS DR KLAMATH FALLS,OR97601	NONE	I	SCHOLARSHIPS	6,700
COLUMBIA BASIN COLLEGE 2600 N 20TH AVE PASCO,WA99301	NONE	I	SCHOLARSHIP	6,700
BRIGHAM YOUNG UNIVERSITY-IDAHO 100 KIMBALL BUILDING REXBURG,ID83460	NONE	I	SCHOLARSHIPS	13,400
LINN-BENTON COMMUNITY COLLEGE 6500 PACIFIC BLVD SW ALBANY,OR97321	NONE	I	SCHOLARSHIPS	20,100
CONCORDIA UNIVERSITY CHICAGO 7400 AUGUSTA ST RIVER FOREST,IL60305	NONE	I	SCHOLARSHIPS	6,700
BOISE STATE UNIVERSITY 1910 UNIVERSITY DRIVE BOISE,ID83725	NONE	I	SCHOLARSHIPS	6,700
CLACKAMAS COMMUNITY COLLEGE SCHOLARSHIPS / FINANCIAL AID OFFICE 19600 S MOLALLA AVE Oregon City,OR97045	NONE	I	SCHOLARSHIPS	6,700
EASTERN OREGON UNIVERSITY EASTERN OREGON UNIVERSITY LA GRANDE,OR97850	NONE	I	SCHOLARSHIPS	150,111
BLUE MOUNTAIN COMMUNITY COLLEGE 2411 NW CARDEN PENDLETON,OR97801	NONE	I	SCHOLARSHIPS	67,000
CENTRAL OREGON COMMUNITY COLLEGE FINANCIAL AID OFFICE 2600 NW COLLEGE WAY BEND,OR97701	NONE	I	SCHOLARSHIPS	60,300
NORTHWEST REGIONAL TRAINING CENTER FINANICAL AID OFFICE 11606 NE 66TH CIRCLE SUITE 103 VANCOUVER,WA98662	NONE	I	SCHOLARSHIP	6,700
Total ................................. 3a				424,811

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	116,228
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	-161,193
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	45
bGRANT RECOVERIES			1	75,377
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				30,457

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

30,457

(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:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

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:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Name of Bond	End of Year Book Value	End of Year Fair Market Value
258620103 DOUBLELINE TOTAL RET	216,067	220,803
74440B884 PGIM TOTAL RETURN BO	217,562	223,845

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Name of Stock	End of Year Book Value	End of Year Fair Market Value
247361702 DELTA AIR LINES INC
594918104 MICROSOFT CORP	38,380	145,470
56585A102 MARATHON PETROLEUM C	48,230	49,486
02079K305 ALPHABET INC CL A	43,504	117,271
N53745100 LYONDELLBASELL INDUS	16,246	18,969
31620M106 FIDELITY NATL INFORM	5,116	9,522
060505104 BANK OF AMERICA CORP	23,041	35,092
46625H100 J P MORGAN CHASE CO	13,882	31,936
81762P102 SERVICENOW INC	3,499	29,874
57636Q104 MASTERCARD INC	2,610	12,739
127097103 CABOT OIL GAS CORP C	6,621	5,331
H1467J104 CHUBB LTD	34,209	41,620
023135106 AMAZON.COM INC	34,197	148,461
N59465109 MYLAN NV
097023105 BOEING CO
78409V104 S P GLOBAL INC	16,563	47,428
037833100 APPLE INC	22,759	118,835
28176E108 EDWARDS LIFESCIENCES	6,588	16,952
03027X100 AMERICAN TOWER CORP	24,584	53,816
931142103 WAL MART STORES INC	30,457	51,838
30303M102 FACEBOOK INC A	10,284	88,621
22160K105 COSTCO WHSL CORP	34,533	67,855
09062X103 BIOGEN, INC	8,984	9,005
848637104 SPLUNK INC	17,359	42,045
91324P102 UNITED HEALTH GROUP	22,762	76,743
808513105 SCHWAB CHARLES CORP	44,909	67,151
024835100 AMERICAN CAMPUS COMM	24,202	19,538
77954Q106 T ROWE PRICE BLUE CH	149,121	394,305
92826C839 VISA INC	26,109	32,283
893641100 TRANSDIGM GROUP INC	9,653	11,533
012653101 ALBEMARLE CORP	27,225	60,840
92345Y106 VERISK ANALYTICS INC	20,282	22,939
714264207 PERNOD RICARD SA UNS	21,460	22,177
33616C100 FIRST REPUBLIC BANK	18,814	31,962
40415F101 H D F C BK LTD A D R
001317205 AIA GROUP LTD ADR	19,022	22,071
278865100 ECOLAB INC	19,275	20,936
958102105 WESTERN DIGITAL CORP	12,970	19,188
136375102 CANADIAN NATL RY CO	17,644	20,989
87807B107 TC ENERGY CORP	9,036	8,218
88032Q109 TENCENT HLDGS LTD A	18,997	36,537
452327109 ILLUMINA INC COM	10,383	12,743
G6095L109 APTIV PLC	12,593	23,225
82509L107 SHOPIFY INC A	22,092	93,511
049255706 ATLAS COPCO AB SPONS	12,009	21,468
863667101 STRYKER CORP	16,640	19,901
192422103 COGNEX CORP	14,413	24,942
592688105 METTLER-TOLEDO INTL	6,557	10,044
955306105 WEST PHARMACEUTICAL	18,819	42,659
03662Q105 A N S Y S INC	12,990	21,823
00846U101 AGILENT TECHNOLOGIES	11,016	18,311
70450Y103 PAYPAL HOLDINGS INC	19,508	44,434
87155N109 SYMRISE AG UNSPON A	19,858	24,086
806857108 SCHLUMBERGER LTD	6,242	4,438
20449X401 COMPASS GROUP PLC A	14,562	12,292
64110L106 NETFLIX.COM INC	15,882	23,171
824348106 SHERWIN WILLIAMS CO	11,015	16,328
608190104 MOHAWK INDS INC CO	8,727	10,499
040413106 ARISTA NETWORKS INC	29,684	31,902
297284200 ESSILOR INTL A D R	13,265	16,619
89400J107 TRANSUNION	28,517	33,095
852234103 SQUARE INC A	14,226	44,856
595112103 MICRON TECHNOLOGY IN	7,092	16,658
101137107 BOSTON SCIENTIFIC CO	22,061	20,360
440452100 HORMEL FOODS CORP	12,149	13,911
032095101 AMPHENOL CORP CL A	18,765	24,633
H01301128 ALCON INC	10,767	15,048
902252105 TYLER TECHNOLOGIES I	22,350	48,196
22822V101 CROWN CASTLE INTL CO	9,414	9,968
15135B101 CENTENE CORP COM	53,204	59,769
58733R102 MERCADOLIBRE INC	22,641	60,610
G8473T100 STERIS PLC	23,198	27,618
172967424 CITIGROUP INC	15,063	14,296
701877102 PARSLEY ENERGY INC-C
33829M101 FIVE BELOW	29,319	44,855
110122157 BRISTOL MYERS SQUIBB
76680R206 RINGCENTRAL INC	23,787	77,901
110122108 BRISTOL MYERS SQUIBB	22,695	24,900
285512109 ELECTRONIC ARTS INC	37,284	49,435
384109104 GRACO INC	11,681	16,159
874039100 TAIWAN SEMICONDUCTOR	15,234	48,361
216648402 COOPER COS INC	13,911	16,217
92556V106 VIATRIS INC	41,397	23,597

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
464287499 ISHARES RUSSELL MIDC	AT COST	139,292	180,400
808524870 SCHWAB U.S. TIPS ETF	AT COST	136,269	145,309
31420B300 FEDERATED INST HI YL	AT COST	261,587	264,674
46434G103 ISHARES CORE MSCI EM	AT COST	262,641	329,217
464288448 ISHARES INTERNATIONA
949915482 WFA SPECIAL MID CAP	AT COST	69,690	80,002
024524217 AMERICAN BEACON STEP	AT COST	136,311	192,400
89155H793 TOUCHSTONE MID CAP Y	AT COST	142,630	174,647
921937686 VANGUARD SMALL CAP V
464287473 ISHARES RUSSELL MIDC
00170K372 AMG TRILOGY EMERGING	AT COST	224,765	294,651
921937728 VANGUARD MC GROW IND	AT COST	126,059	183,256
464287226 ISHARES CORE TOTAL U	AT COST	219,448	227,220
922908686 VANGUARD SMALL CAP I	AT COST	76,221	102,643
74442J406 PRUDENTIAL SHORT DUR
95768D400 WESTERN ASSET MACRO	AT COST	74,922	75,258
46429B697 ISHARES MSCI USA MIN	AT COST	517,483	551,894
46434V803 ISHARES CURRENCY HED	AT COST	455,991	489,938
19765P596 COLUMBIA SMALL CAP G	AT COST	69,837	117,330
808524847 SCHWAB US REIT ETF	AT COST	141,458	124,127
46090E103 INVESCO QQQ TRUST ET	AT COST	287,233	392,047
921937819 VANGUARD INTERMEDIAT	AT COST	211,543	207,104
316146356 FIDELITY U S BOND IN	AT COST	176,012	171,076
524686524 CLEARBRIDGE INTERNAT	AT COST	140,810	185,902

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Description	Amount
PY ROC ADJUSTMENT	2,789
SECURITIES DEEMED WORTHLESS	865
ROUNDING ADJUSTMENT	4

- TIN:

TY 2020 OtherExpensesSchedule

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEE/TAX	1,050	0		1,050
ADR FEES	120	120		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	45	45
GRANT RECOVERIES	75,377	0

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Description	Amount
MYLAN CORPORATE ACTION ADJUSTMENT	16,362

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE	2,030	1,827		203

- TIN:

TY 2020 TaxesSchedule

Name:

WAYNE C STEWART FOUNDATION UMA

EIN:

91-6574050

Category	Amount	Net Investment Income
FOREIGN TAXES	2,233	2,233
FEDERAL TAX PAYMENT - PRIOR YE	18,228	0
FEDERAL ESTIMATES - PRINCIPAL	20,304	0
FOREIGN TAXES ON NONQUALIFIED	363	363