Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 08-01-2020 , and ending 07-31-2021
Name of foundation
RALPH HAUGSE MEMORIAL TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

27-6400625
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,829,295J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 126,171 126,122  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 655,775
b Gross sales price for all assets on line 6a 2,864,413
7 Capital gain net income (from Part IV, line 2)... 655,775
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 6,198 73  
12 Total. Add lines 1 through 11........ 788,144 781,970  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,927 41,335   4,593
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)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,746 645   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 2 2    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,175 41,982 0 6,093
25 Contributions, gifts, grants paid....... 273,000 273,000
26 Total expenses and disbursements. Add lines 24 and 25 324,175 41,982 0 279,093
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 463,969
b Net investment income (if negative, enter -0-) 739,988
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 207    
2 Savings and temporary cash investments......... 145,249 19,033 19,033
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,156,882 Click to see attachment1,862,599 3,428,354
c Investments—corporate bonds (attach schedule)....... 1,878,360 Click to see attachment1,553,776 1,591,104
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 431,640 Click to see attachment1,642,585 1,790,804
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,612,338 5,077,993 6,829,295
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,612,338 5,077,993
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)..... 4,612,338 5,077,993
30 Total liabilities and net assets/fund balances (see instructions). 4,612,338 5,077,993
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,612,338
2
Enter amount from Part I, line 27a .....................
2
463,969
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,016
4
Add lines 1, 2, and 3 ..........................
4
5,078,323
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
330
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,077,993
Form 990-PF (2020)
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 .1004 MATCH GROUP INC NEW   2020-05-13 2020-08-04
b 65. INVESCO QQQ TRUST ETF   2020-03-06 2020-08-07
c 95. MATCH GROUP INC NEW   2020-05-13 2020-08-07
d 50. MIDCAP SPDR TRUST SERIES I E T F   2010-06-02 2020-08-07
e 4. ALPHABET INC CL C   2009-08-11 2020-08-27
3. AMAZON COM INC COM   2018-12-11 2020-08-27
10. APPLE COMPUTER INC   2010-11-15 2020-08-27
408. BP AMOCO P L C SPONSORED ADR     2020-08-27
273. DELTA AIR LINES INC     2020-08-27
12. FACEBOOK INC A   2017-09-27 2020-08-27
13. MASTERCARD INC   2011-01-26 2020-08-27
15. MICROSOFT CORP COM   2009-08-11 2020-08-27
248. RAYTHEON TECHNOLOGIES CORP COM   2009-08-11 2020-08-27
10. SALESFORCE COM INC     2020-08-27
22. WAL MART STORES INC   2016-01-11 2020-08-27
61. ALBEMARLE CORP     2020-09-01
3. ALPHABET INC CL C   2009-08-11 2020-09-01
14. FACEBOOK INC A   2017-09-27 2020-09-01
50. MICROSOFT CORP COM   2009-08-11 2020-09-01
15. UNITEDHEALTH GRP INC COM     2020-09-09
109. INVESCO QQQ TRUST ETF     2020-10-06
118. MIDCAP SPDR TRUST SERIES I E T F     2020-10-06
4. ALPHABET INC CL C   2009-08-11 2020-10-12
25. APPLE COMPUTER INC   2010-11-15 2020-10-12
320. EXXON MOBIL CORP   2009-08-11 2020-10-12
15. MICROSOFT CORP COM   2009-08-11 2020-10-12
33. NIKE INC. CLASS B   2015-03-12 2020-10-12
3. ALPHABET INC CL A   2009-08-11 2020-10-14
3. AMAZON COM INC COM   2018-12-11 2020-10-14
35. APPLE COMPUTER INC   2010-11-15 2020-10-14
25000. JPMORGAN CHASE CO 2.400% 6/07/21   2017-06-23 2020-10-14
116. LOWES COMPANIES INC   2013-05-29 2020-10-14
8. MASTERCARD INC   2011-01-26 2020-10-14
20. MICROSOFT CORP COM   2009-08-11 2020-10-14
438.383 CALVERT SHORT DURATION INCOME I     2020-10-19
146.98165 ISHARES CORE TOTAL US BOND MARKETETF   2020-10-14 2020-10-19
64.01835 ISHARES CORE TOTAL US BOND MARKETETF   2020-10-14 2020-10-19
814. ISHARES CORE TOTAL US BOND MARKETETF     2020-10-19
25. MIDCAP SPDR TRUST SERIES I E T F   2010-07-19 2020-10-19
54. INVESCO QQQ TRUST ETF     2020-10-20
1037. ISHARES CORE TOTAL US BOND MARKETETF     2020-10-20
59. APPLE COMPUTER INC   2010-11-15 2020-10-21
53. INVESCO QQQ TRUST ETF   2020-03-19 2020-10-21
19. MICROSOFT CORP COM   2009-08-11 2020-10-21
3. ALPHABET INC CL A   2009-08-11 2020-10-23
2. AMAZON COM INC COM   2018-12-11 2020-10-23
37. APPLE COMPUTER INC   2010-11-15 2020-10-23
182. CENTENE CORP COM     2020-10-23
59. CITIGROUP INC   2011-06-02 2020-10-23
8. MASTERCARD INC   2011-01-26 2020-10-23
239. VANGUARD SHORT-TERM T I P S   2018-09-13 2020-10-27
244.111 VANGUARD MC GROW INDEX ADM   2020-07-01 2020-11-11
.424 VIATRIS INC   2009-08-11 2020-11-30
35. ALBEMARLE CORP   2019-12-31 2020-12-03
2. ALPHABET INC CL A   2009-08-11 2020-12-03
2. AMAZON COM INC COM   2017-05-17 2020-12-03
37. APPLE COMPUTER INC   2010-11-15 2020-12-03
544.829 BARON EMERGING MARKETS INSTITUTIONAL   2020-01-24 2020-12-03
698.812 BARON EMERGING MARKETS INSTITUTIONAL   2019-04-09 2020-12-03
79. CITIGROUP INC   2011-06-02 2020-12-03
15. COSTCO WHSL CORP NEW     2020-12-03
11. FACEBOOK INC A   2017-09-27 2020-12-03
87. MFC ISHARES TR RUSSELL 2000 INDEX FD   2020-10-23 2020-12-03
6. MASTERCARD INC   2011-01-26 2020-12-03
30. MICROSOFT CORP COM   2009-08-11 2020-12-03
6395.043 PRUDENTIAL SHORT DURATION HIGH YIELD     2020-12-03
86. MIDCAP SPDR TRUST SERIES I E T F   2010-07-19 2020-12-03
17. UNITEDHEALTH GRP INC COM   2018-03-26 2020-12-03
24. APPLE COMPUTER INC   2010-11-15 2020-12-10
98. CITIGROUP INC   2011-06-02 2020-12-10
100. ISHARES MSCI EAFE GROWTH INDEX ETF   2019-04-09 2020-12-10
13. PAYPAL HOLDINGS INC   2018-12-11 2020-12-10
10. ROPER INDS INC   2020-09-09 2020-12-10
223.264 VANGUARD MC GROW INDEX ADM     2020-12-10
17. MEDTRONIC PLC     2020-12-10
59. ISHARES CORE TOTAL US BOND MARKETETF   2019-05-30 2020-12-16
517. ISHARES CORE TOTAL US BOND MARKETETF     2020-12-16
1070.664 NUVEEN REAL ESTATE SECS I     2020-12-16
350. VANGUARD SHORT-TERM T I P S   2018-09-13 2020-12-16
654. VANGUARD SHORT-TERM T I P S   2019-12-31 2020-12-16
24. MFC ISHARES TR RUSSELL 2000 INDEX FD     2020-12-28
50000. UBS BANK USA C D 2.750% 1/25/21   2019-01-16 2021-01-25
7. ALPHABET INC CL A   2009-08-11 2021-03-09
12. BLACKROCK INC     2021-03-09
25. WALT DISNEY CO   2011-04-12 2021-03-09
52. ELECTRONIC ARTS     2021-03-09
22. MASTERCARD INC   2011-01-26 2021-03-09
19. PAYPAL HOLDINGS INC   2020-02-24 2021-03-09
458. TC ENERGY CORP     2021-03-09
94. VIATRIS INC   2009-08-11 2021-03-09
3. ALPHABET INC CL A   2009-08-11 2021-03-11
57. APPLE COMPUTER INC   2010-11-15 2021-03-11
37. FACEBOOK INC A     2021-03-11
869. ISHARES BARCLAYS TIPS BOND ETF     2021-03-11
71. MFC ISHARES TR RUSSELL 2000 INDEX FD     2021-03-11
2946. ISHARES BARCLAYS INTERMEDIATE ETF     2021-03-11
52. JOHNSON & JOHNSON   2015-10-01 2021-03-11
14. MASTERCARD INC   2011-01-26 2021-03-11
23. MICROSOFT CORP COM   2009-08-11 2021-03-11
62. SCHWAB CHARLES CORP NEW COM   2016-04-08 2021-03-11
29. STARBUCKS CORP   2010-10-18 2021-03-11
1386.63 VANGUARD MC GROW INDEX ADM     2021-03-11
416.275 VANGUARD MC GROW INDEX ADM     2021-03-11
200.562 VANGUARD MC GROW INDEX ADM   2020-03-19 2021-03-11
120. VANGUARD GROWTH VIPERS FUND     2021-03-11
69. MEDTRONIC PLC   2015-03-18 2021-03-11
33. CHUBB LTD   2011-04-12 2021-03-11
4. ALPHABET INC CL A   2009-08-11 2021-03-23
4. BLACKROCK INC   2020-03-09 2021-03-23
15. CME GROUP INC   2020-01-09 2021-03-23
39. ELECTRONIC ARTS   2019-05-30 2021-03-23
45. FACEBOOK INC A     2021-03-23
2224. ISHARES BARCLAYS INTERMEDIATE ETF     2021-03-23
300. ISHARES MSCI EAFE GROWTH INDEX ETF     2021-03-23
1812. ISHARES MSCI EAFE GROWTH INDEX ETF     2021-03-23
10. MCDONALDS CORP   2010-07-13 2021-03-23
371. MIDCAP SPDR TRUST SERIES I E T F     2021-03-23
25. MIDCAP SPDR TRUST SERIES I E T F   2020-05-06 2021-03-23
6. UNITEDHEALTH GRP INC COM   2018-03-26 2021-03-23
52. VANGUARD GROWTH VIPERS FUND     2021-03-23
2371.917 DOUBLELINE TOTAL RET BD I     2021-03-26
25000. CITIGROUP INC 2.700% 3/30/21   2017-05-03 2021-03-30
13. ABBOTT LABORATORIES   2019-12-31 2021-04-09
33. APPLE COMPUTER INC   2010-11-15 2021-04-09
31. CME GROUP INC   2020-01-09 2021-04-09
10451.65 DOUBLELINE TOTAL RET BD I     2021-04-09
4998.229 DOUBLELINE TOTAL RET BD I     2021-04-09
40. ELECTRONIC ARTS   2019-05-30 2021-04-09
9. FACEBOOK INC A   2018-12-11 2021-04-09
16. MASTERCARD INC   2011-01-26 2021-04-09
23. MICROSOFT CORP COM   2009-08-11 2021-04-09
13. UNITEDHEALTH GRP INC COM   2018-03-26 2021-04-09
40. VANGUARD GROWTH VIPERS FUND   2020-03-10 2021-04-09
60. CHUBB LTD   2011-04-12 2021-04-09
5242.089 BAIRD AGGREGATE BOND FD INSTL     2021-07-09
7250.929 FEDERATED INST HI YLD BD FD     2021-07-09
505.051 FEDERATED INST HI YLD BD FD   2020-12-03 2021-07-09
1504.041 NUVEEN REAL ESTATE SECS I     2021-07-09
1600.215 NUVEEN PREFERRED SECURITIES FUND     2021-07-09
4161.255 PGIM TOTAL RETURN BOND CL R6     2021-07-09
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(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10   7 3
b 17,617   13,243 4,374
c 10,977   7,019 3,958
d 17,591   6,771 10,820
e 6,538   905 5,633
10,240   5,018 5,222
5,022   110 4,912
8,611   17,607 -8,996
8,419   13,159 -4,740
3,533   2,014 1,519
4,633   312 4,321
3,418   348 3,070
15,154   7,901 7,253
2,699   1,636 1,063
3,011   1,407 1,604
5,519   4,617 902
4,906   679 4,227
4,120   2,350 1,770
11,274   1,161 10,113
4,700   3,302 1,398
30,446   22,055 8,391
42,467   15,916 26,551
6,148   905 5,243
2,992   274 2,718
10,976   22,013 -11,037
3,287   348 2,939
4,321   1,596 2,725
4,673   683 3,990
10,083   5,018 5,065
4,219   384 3,835
25,336   25,098 238
20,106   4,961 15,145
2,744   192 2,552
4,408   465 3,943
7,176   7,002 174
17,314   17,354 -40
7,541   7,559 -18
95,889   91,041 4,848
9,095   3,299 5,796
15,497   9,737 5,760
121,951   114,408 7,543
6,941   647 6,294
15,184   9,449 5,735
4,112   441 3,671
4,876   683 4,193
6,359   3,345 3,014
4,240   406 3,834
12,273   10,172 2,101
2,595   2,356 239
2,635   192 2,443
12,129   11,692 437
20,356   17,503 2,853
7   3 4
4,616   2,560 2,056
3,646   456 3,190
6,393   1,910 4,483
4,549   406 4,143
9,682   8,129 1,553
12,418   10,000 2,418
4,481   3,154 1,327
5,614   2,410 3,204
3,115   1,847 1,268
16,074   14,187 1,887
2,025   144 1,881
6,441   697 5,744
56,916   58,087 -1,171
34,710   11,349 23,361
5,958   3,708 2,250
2,915   263 2,652
5,715   3,913 1,802
9,750   7,844 1,906
2,691   1,120 1,571
4,181   4,032 149
19,833   15,917 3,916
1,913   1,302 611
6,956   6,487 469
60,954   59,676 1,278
20,011   21,454 -1,443
17,928   17,122 806
33,500   32,240 1,260
4,823   3,909 914
50,000   50,000  
14,321   1,594 12,727
8,460   4,872 3,588
5,000   1,034 3,966
6,780   4,816 1,964
8,264   529 7,735
4,537   2,206 2,331
21,045   21,109 -64
1,297   627 670
6,315   683 5,632
6,941   625 6,316
10,202   6,068 4,134
109,424   94,675 14,749
16,458   11,504 4,954
175,463   180,429 -4,966
8,309   4,785 3,524
5,420   336 5,084
5,475   534 4,941
4,111   1,660 2,451
3,130   399 2,731
128,860   91,581 37,279
38,684   25,000 13,684
18,638   10,000 8,638
30,884   22,409 8,475
8,183   5,261 2,922
5,673   2,192 3,481
8,195   911 7,284
2,899   1,679 1,220
3,004   3,131 -127
5,191   3,581 1,610
13,294   6,487 6,807
131,549   135,404 -3,855
30,042   21,548 8,494
181,453   141,729 39,724
2,257   709 1,548
173,316   45,935 127,381
11,679   7,315 4,364
2,218   1,309 909
13,362   8,890 4,472
24,929   25,433 -504
25,000   25,133 -133
1,554   1,127 427
4,340   362 3,978
6,290   6,470 -180
109,742   111,500 -1,758
52,481   53,567 -1,086
5,540   3,672 1,868
2,807   1,286 1,521
6,042   384 5,658
5,850   534 5,316
4,864   2,835 2,029
10,826   6,766 4,060
9,612   3,985 5,627
60,494   62,590 -2,096
73,017   71,705 1,312
5,086   5,000 86
34,578   28,282 6,296
28,708   28,437 271
61,462   62,487 -1,025
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
      4,223
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       3
b       4,374
c       3,958
d       10,820
e       5,633
      5,222
      4,912
      -8,996
      -4,740
      1,519
      4,321
      3,070
      7,253
      1,063
      1,604
      902
      4,227
      1,770
      10,113
      1,398
      8,391
      26,551
      5,243
      2,718
      -11,037
      2,939
      2,725
      3,990
      5,065
      3,835
      238
      15,145
      2,552
      3,943
      174
      -40
      -18
      4,848
      5,796
      5,760
      7,543
      6,294
      5,735
      3,671
      4,193
      3,014
      3,834
      2,101
      239
      2,443
      437
      2,853
      4
      2,056
      3,190
      4,483
      4,143
      1,553
      2,418
      1,327
      3,204
      1,268
      1,887
      1,881
      5,744
      -1,171
      23,361
      2,250
      2,652
      1,802
      1,906
      1,571
      149
      3,916
      611
      469
      1,278
      -1,443
      806
      1,260
      914
       
      12,727
      3,588
      3,966
      1,964
      7,735
      2,331
      -64
      670
      5,632
      6,316
      4,134
      14,749
      4,954
      -4,966
      3,524
      5,084
      4,941
      2,451
      2,731
      37,279
      13,684
      8,638
      8,475
      2,922
      3,481
      7,284
      1,220
      -127
      1,610
      6,807
      -3,855
      8,494
      39,724
      1,548
      127,381
      4,364
      909
      4,472
      -504
      -133
      427
      3,978
      -180
      -1,758
      -1,086
      1,868
      1,521
      5,658
      5,316
      2,029
      4,060
      5,627
      -2,096
      1,312
      86
      6,296
      271
      -1,025
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 655,775
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 10,286
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 10,286
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 10,286
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,348
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 5,348
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 4,938
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK Telephone no.bullet (406) 447-5253

    Located atbullet555 SW OAKPORTLANDOR ZIP+4bullet97208
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 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.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NA TRUSTEE
    1     		45,927    
    PO BOX 3168
    PORTLAND,OR97208
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,326,782
    b
    Average of monthly cash balances.......................
    1b
    178,760
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,505,542
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,505,542
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    97,583
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,407,959
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    320,398
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    320,398
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,286
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,286
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    310,112
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    6,125
    5
    Add lines 3 and 4............................
    5
    316,237
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    316,237
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    279,093
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    279,093
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    279,093
    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)
    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 7 316,237
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 147,689
    c From 2017...... 188,346
    d From 2018...... 0
    e From 2019...... 580
    fTotal of lines 3a through e........ 336,615
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 279,093
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 279,093
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 37,144 37,144
    (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 5 299,471
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 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 ......     		299,471
    10 Analysis of line 9:
    a Excess from 2016.... 110,545
    b Excess from 2017.... 188,346
    c Excess from 2018.... 0
    d Excess from 2019.... 580
    e Excess from 2020....  
    Form 990-PF (2020)
    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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    REBEKAH FINK -US BANK PCG
    302 N LAST CHANCE GULCH
    HELENA,MT59601
    (503) 464-4909
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT REBEKAH FINK
    cAny submission deadlines:
    CONTACT REBEKAH FINK
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS FOR GRADUATES OF GREAT FALLS, MT HIGH SCHOOLS
    Form 990-PF (2020)
    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)
    aPaid during the year
    CARROLL COLLEGE
    1601 N BENTON AVE
    HELENA,MT59625     		NONE I SCHOLARSHIPS 52,000
    MONTANA STATE UNIVERSITY
    211 MONTANA HALL
    BOZEMAN,MT59717     		NONE I SCHOLARSHIPS 130,000
    UNIVERSITY OF MONTANA
    32 CAMPUS DRIVE
    MISSOULA,MT59812     		NONE I SCHOLARSHIPS 52,000
    CALIFORNIA INSTITUTE OF TECHNOLOGY
    1200 E CALIFORNIA BLVD
    PASADENA,CA91125     		NONE I SCHOLARSHIPS 13,000
    WHITWORTH UNIVERSITY
    300 W HAWTHORNE RD
    Spokane,WA99251     		NONE I SCHOLARSHIPS 13,000
    UNIVERSITY OF MT WESTERN
    710 SOUTH ATLANTIC
    DILLON,MT59725     		NONE I SCHOLARSHIPS 13,000
    Total .................................bullet 3a 273,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    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
    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....     14 126,171  
    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 ............     		    18 655,775  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEE REFUND     		    1 73  
    bGRANT RECOVERY     1 6,125  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   788,144  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    788,144
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Name of Bond End of Year Book Value End of Year Fair Market Value
    13161T401 CALVERT SHORT DURATI    
    464287176 ISHARES BARCLAYS TIP    
    31420B300 FEDERATED INST HI YL    
    172967KK6 CITIGROUP INC    
    46625HRT9 JPMORGAN CHASE CO    
    458140AM2 INTEL CORP 49,844 51,685
    057071854 BAIRD AGGREGATE BOND 481,643 494,135
    670700400 NUVEEN PREFERRED SEC 98,563 102,021
    74442J406 PRUDENTIAL SHORT DUR    
    00206RCS9 AT T INC    
    74440B884 PGIM TOTAL RETURN BO 487,513 496,926
    024932154 AMERICAN CENTURY HIG 131,200 136,965
    258620103 DOUBLELINE TOTAL RET    
    464287226 ISHARES CORE TOTAL U 235,013 239,092
    72369L107 PIONEER ILS INTERVAL 40,000 39,891
    922020805 VANGUARD SHORT-TERM    
    949763WE2 WELLS FARGO BANK C D 30,000 30,389
    90348JGZ7 UBS BANK USA C D    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Name of Stock End of Year Book Value End of Year Fair Market Value
    548661107 LOWES CO INC    
    17275R102 CISCO SYSTEMS INC 24,885 42,192
    30303M102 FACEBOOK INC A 27,991 54,870
    91324P102 UNITED HEALTH GROUP 13,636 30,504
    00206R102 ATT INC 18,497 15,287
    G5960L103 MEDTRONIC PLC 16,409 28,626
    458140100 INTEL CORP 5,053 14,451
    22160K105 COSTCO WHSL CORP 13,749 40,823
    464287465 ISHARES MSCI EAFE ET 164,263 246,737
    464288885 ISHARES MSCI EAFE GR    
    478160104 JOHNSON JOHNSON 13,796 36,506
    654106103 NIKE INC 6,046 20,939
    931142103 WAL MART STORES INC 11,661 28,653
    594918104 MICROSOFT CORP 11,938 146,444
    57636Q104 MASTERCARD INC 4,637 74,486
    855244109 STARBUCKS CORP 2,063 18,215
    580135101 MCDONALDS CORP 5,006 17,232
    713448108 PEPSICO INC 10,586 29,036
    H1467J104 CHUBB LTD 6,774 17,211
    670678507 NUVEEN REAL ESTATE S 71,681 99,387
    88579Y101 3M CO 22,662 40,182
    06828M876 BARON EMERGING MARKE 26,871 33,859
    02079K305 ALPHABET INC CL A 4,783 56,585
    464287655 ISHARES RUSSELL 2000 144,651 209,113
    46434G103 ISHARES CORE MSCI EM 175,988 254,041
    808513105 SCHWAB CHARLES CORP 17,004 41,925
    30231G102 EXXON MOBIL CORP    
    46625H100 J P MORGAN CHASE CO 16,273 59,194
    254687106 DISNEY WALT CO 4,341 18,482
    717081103 PFIZER INC 11,432 32,578
    03027X100 AMERICAN TOWER CORP 43,325 50,904
    172967424 CITIGROUP INC    
    78467Y107 MIDCAP SPDR TRUST SE    
    247361702 DELTA AIR LINES INC    
    02079K107 ALPHABET INC CL C    
    56585A102 MARATHON PETROLEUM C 32,529 35,286
    060505104 BANK OF AMERICA CORP 14,252 38,935
    023135106 AMAZON.COM INC 28,631 99,828
    037833100 APPLE INC 10,891 144,839
    70450Y103 PAYPAL HOLDINGS INC 11,859 39,125
    464287200 ISHARES S P 500 E T 139,237 220,200
    922908736 VANGUARD GROWTH VIPE 133,356 245,630
    09247X101 BLACKROCK INC 18,127 38,155
    87807B107 TC ENERGY CORP    
    031162100 AMGEN INC 20,808 27,052
    464287499 ISHARES RUSSELL MIDC 273,575 393,931
    285512109 ELECTRONIC ARTS INC 4,101 6,478
    15135B101 CENTENE CORP COM    
    055622104 BP PLC SPONS A D R    
    75513E101 RAYTHEON TECHNOLOGIE    
    437076102 HOME DEPOT INC 23,103 27,896
    278865100 ECOLAB INC 13,944 16,783
    375558103 GILEAD SCIENCES INC 17,337 18,302
    012653101 ALBEMARLE CORP 11,044 31,112
    438516106 HONEYWELL INTERNATIO 23,366 37,406
    776696106 ROPER INDS INC 22,726 29,480
    57667L107 MATCH GROUP INC NEW    
    002824100 ABBOTT LABORATORIES 23,172 33,270
    882508104 TEXAS INSTRUMENTS IN 13,941 24,399
    127097103 CABOT OIL GAS CORP C 14,984 13,440
    12572Q105 CME GROUP INC 15,371 17,183
    20030N101 COMCAST CORP CL A 21,096 27,591
    79466L302 SALESFORCE COM INC 20,974 29,032
    87612E106 TARGET CORP 14,881 36,808
    87918A105 TELADOC INC 27,268 19,595
    G5494J103 LINDE PLC 16,025 18,136

    TY 2020 InvestmentsOtherSchedule2
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    808524847 SCHWAB US REIT ETF AT COST 50,023 59,843
    808524870 SCHWAB U.S. TIPS ETF AT COST 224,377 237,671
    46090E103 INVESCO QQQ TRUST ET      
    19765N245 COLUMBIA FDS SER DIV AT COST 183,000 242,932
    921937728 VANGUARD MC GROW IND      
    024524217 AMERICAN BEACON STEP AT COST 210,000 231,356
    524686524 CLEARBRIDGE INTERNAT AT COST 200,000 215,157
    861728400 STONE RIDGE HY REINS AT COST 135,877 136,474
    04314H568 ARTISAN HIGH INCOME AT COST 78,174 77,870
    464288877 ISHARES MSCI EAFE VA AT COST 155,497 167,300
    03463K406 ANGEL OAK MULTI STRA AT COST 203,000 206,129
    464287473 ISHARES RUSSELL MIDC AT COST 202,637 216,072

    TY 2020 OtherDecreasesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Description Amount
    APPLE INC BASIS ADJ 329
    ROUNDING 1


    TY 2020 OtherExpensesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 2 2   0


    TY 2020 OtherIncomeSchedule2
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 73 73  
    GRANT RECOVERY 6,125 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Description Amount
    PY SALE SETTLED IN CY 2,016


    TY 2020 TaxesSchedule
    Name:
    RALPH HAUGSE MEMORIAL TRUST
    EIN:
    27-6400625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 481 481   0
    FEDERAL ESTIMATES - PRINCIPAL 3,101 0   0
    FOREIGN TAXES ON NONQUALIFIED 164 164   0