Form990-PF
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 02-01-2021 , and ending 01-31-2022
Name of foundation
CHARLES M BAIR MEMORIAL TRUST
US BANK TRUST DEPT
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 30678
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BILLINGS, MT591150678
A Employer identification number

81-0370774
B Telephone number (see instructions)

(406) 657-8139
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$13,386,777J 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) 1,100,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 159,645 159,645  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 378,533
b Gross sales price for all assets on line 6a 3,644,521
7 Capital gain net income (from Part IV, line 2)... 378,533
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 2,217 2,217 0
12 Total. Add lines 1 through 11........ 1,640,395 540,395 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,515 2,258 0 2,257
b Accounting fees (attach schedule)....... Click to see attachment 4,585 2,293 0 2,292
c Other professional fees (attach schedule).... Click to see attachment 76,335 38,168 0 38,167
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,417 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27 14 0 13
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,879 42,733 0 42,729
25 Contributions, gifts, grants paid....... 1,150,508 1,150,508
26 Total expenses and disbursements. Add lines 24 and 25 1,244,387 42,733 0 1,193,237
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 396,008
b Net investment income (if negative, enter -0-) 497,662
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 108,757    
2 Savings and temporary cash investments......... 144,208 38,085 38,085
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 3,618 8,269 8,269
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,004,052 Click to see attachment4,269,810 6,986,751
c Investments—corporate bonds (attach schedule)....... 1,510,825 Click to see attachment1,835,047 1,801,087
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 249,021 Click to see attachment265,278 360,207
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,192,378 Click to see attachment4,192,378 Click to see attachment4,192,378
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,212,859 10,608,867 13,386,777
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 10,212,859 10,608,867
29 Total net assets or fund balances (see instructions)..... 10,212,859 10,608,867
30 Total liabilities and net assets/fund balances (see instructions). 10,212,859 10,608,867
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
10,212,859
2
Enter amount from Part I, line 27a .....................
2
396,008
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,608,867
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,608,867
Form 990-PF (2021)
Form 990-PF (2021)
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 CAPITAL GAIN TRANSACTIONS P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,644,521   3,265,988 378,533
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       378,533
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 378,533
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 6,918
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,918
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 8,269
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,269
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,351
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,351 RefundedBullet 11 0
Part VI-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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GUIDESTAR.ORG/ORGANIZATIONS/81-0108184
    14
    The books are in care ofbulletUS BANK TRUST NAT'L ASSOC MT Telephone no.bullet (406) 657-8127

    Located atbulletPO BOX 30678BILLINGSMT ZIP+4bullet59115
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    NA N/A
    0.00     		0 0 0
    PO BOX 30678
    BILLINGS,MT59115
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    US BANK TRUST NATIONAL ASSOC MT TRUST ADMINISTRATION 75,741
    PO BOX 30678
    BILLINGS,MT59115
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    8,064,592
    b
    Average of monthly cash balances.......................
    1b
    418,943
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,250
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,488,785
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) Click to see attachment.............
    1e
    4,192,378
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,488,785
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    127,332
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    8,361,453
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    418,073
    Part X
    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 IX, line 6..................
    1
    418,073
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    6,918
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,918
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    411,155
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    411,155
    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 XII, line 1 ...
    7
    411,155
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 411,155
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,193,237
    a Applied to 2020, 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 2021 distributable amount..... 411,155
    e Remaining amount distributed out of corpus 782,082
    5 Excess distributions carryover applied to 2021. 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 5 782,082
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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) .......     		900,000
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    US BANK TRUST NATIONAL ASSOCIATION
    303 N BROADWAY 2ND FLOOR
    BILLINGS,MT59101
    (406) 657-8139
    bThe form in which applications should be submitted and information and materials they should include:
    SEE STMT 14
    cAny submission deadlines:
    THE TRUSTEES WILL PROCESS SCHOLARSHIP APPLICATIONS RECEIVED AT ANY TIME PRIOR TO APRIL FIFTEENTH. SE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE STMT 14
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ALANNAH PHILLIPS
    PO BOX 349
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 12,598
    AUBREY WILLIAMS
    P O BOX 571
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 15,961
    BILLINGS CLINIC FOUNDATION
    801 N 29TH ST
    BILLINGS,MT59101     		  EOF PASS THROUGH TO HEALTHCARE FACILITY 290,000
    DAWSON CLAYTON
    P O BOX 307
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 39,547
    DAYZEE NORMAN
    201 S CENTRAL AVENUE
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 19,131
    ERIC REED
    P O BOX 147
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 24,703
    FIRST CHURCH OF CHRIST SCIENTIST
    7 BURLINGTON AVE
    BILLINGS,MT59101     		  CHURCH GENERAL EXPENSE OR CAPITAL EXPENDITURES 27,000
    FIRST CHURCH OF CHRIST SCIENTIST MOTHER CHURCH
    175 HUNTINGTON AVE
    BOSTON,MA021153117     		  CHURCH GENERAL EXPENSE OR CAPITAL EXPENDITURES 50,000
    HANNAH CLEMENSON
    454 BATTLECREEK ROAD
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 12,832
    JADE TAYLOR
    768 MT HIGHWAY 360
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 12,690
    JOE DIPRIZIO
    6981 US HWY 12 E
    MARTINSDALE,MT59053     		NONE I SCHOOL SCHOLARSHIP 12,580
    JOHN POWER
    PO BOX 706
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 16,650
    JOSHUA PHILLIPS
    PO BOX 349
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 8,150
    MADISON WASSON
    P O BOX 367
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 18,426
    MELANIE POWER
    PO BOX 706
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 14,880
    MESA WILLIAMS
    5500 HIGHWAY 89
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 5,784
    MORGAN VAISVILAS
    204 3RD AVE SE
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 40,202
    MOSES KITTS
    205 RED FOX ROAD
    JUDITH GAP,MT59453     		NONE I SCHOOL SCHOLARSHIP 23,552
    MOUNTAINVIEW MEDICAL CENTER INC
    16 W MAIN ST
    WHITE SULPHUR SPRINGS,MT59645     		  HEALTHCARE FACILITY SUSTAIN REGIONAL HEALTHCARE 65,000
    REED WASSON
    PO BOX 367
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 9,756
    SHANE OGLE
    61 CASTLE MOUNTAIN ESTATES
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 105,854
    SIGNE WEST
    PO BOX 148
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 22,273
    TAYLEE BORNONG
    P O BOX 42
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 19,039
    TAYT HANSEN
    209 A AVE NE
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 44,482
    TYLER HEREIM
    1447 MT HWY 294
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 4,625
    WHEATLAND MEMORIAL HEALTHCARE
    530 3RD ST NW
    HARLOWTON,MT59036     		  HEALTHCARE FACILITY SUSTAIN REGIONAL HEALTHCARE 65,000
    WILLIAM HANSON
    3720 US HIGHWAY 12
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 13,883
    ZANE FRISBIE
    PO BOX 825
    WHITE SUPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 14,522
    MESA BUTLER
    2 HEDGESVILLE ROAD
    SHAWMUT,MT59078     		NONE I SCHOOL SCHOLARSHIP 10,854
    MATTHEW PHILLIPS
    PO BOX 349
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 18,848
    TEAGAN OLIVA
    303 E DIVISION STREET
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 61,552
    ETHAN SCHLEPP
    PO BOX 91
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 9,319
    BREANNA WILLIAMS
    208 5TH ST NW
    HARLOWTON,MT59036     		NONE I SCHOOL SCHOLARSHIP 15,106
    CAMYRN LARSON
    PO BOX 372
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 20,782
    CARLI GILMAN
    400 10TH AVENUE SW
    WHITE SULPHUR SPRINGS,MT59645     		NONE I SCHOOL SCHOLARSHIP 4,927
    Total .................................bullet 3a 1,150,508
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    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 ............     		    18 378,533  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 540,395 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    540,395
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    CHARLES M BAIR MEMORIAL TRUST
    US BANK TRUST DEPT
    Employer identification number

    81-0370774
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    CHARLES M BAIR MEMORIAL TRUST
    US BANK TRUST DEPT         		Employer identification number
    81-0370774
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BAIR RANCH FOUNDATION
     
    C/O US BANK PO BOX 30678
     
    BILLINGS, MT591150678

    		$ 1,100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    CHARLES M BAIR MEMORIAL TRUST
    US BANK TRUST DEPT         		Employer identification number

    81-0370774
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    CHARLES M BAIR MEMORIAL TRUST
    US BANK TRUST DEPT         		Employer identification number

    81-0370774
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,585 2,293 0 2,292

    TY 2021 GeneralExplanationAttachment
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Identifier Return Reference Explanation
      SEE STMT 13 SCHOLARSHIPS:EACH APPLICATION MUST BE ACCOMPANIED BY A FINANCIAL ASSISTANCE QUESTIONNAIRE SIGNED BY THE APPLICANT'S PARENT OR GUARDIAN. THE DETERMINATION OF FINANCIAL NEED WILL BE MADE EXCLUSIVELY BY THE TRUSTEES OF THE CHARLES M. BAIR MEMORIAL TRUST.GRANTS:BEFORE APPLYING AN OGANIZATION SHOULD REVIEW THIS DOCUMENT TO DETERMINE WHETHER IT IS THE TYPE OF ORGANIZATION THAT IS ELIGIBLE FOR A GRANT FROM THE CHARLES M. BAIR FAMILY TRUST.IF AN ORGANIZATION BELIEVES THAT IT IS ELIGIBLE FOR A GRANT, IT SHOULD REQUEST A GRANT APPLICATION IN WRITING. THE GRANT APPLICATION MUST BE ACCOMPANIED BY A SUMMARY OF TWO PAGES OR LESS THAT DESCRIBES THE APPLICANT ORGANIZATION AND THE SPECIFIC PROGRAM OR PROJECT FOR WHICH IT IS SEEKING A GRANT.IF AN APPLICANT ORGANIZATION IS A SECTION 501(C)(3) ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION, IT MUST ATTACH TO THE GRANT APPLICATION A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE VERIFYING ITS TAX-EXEMPT STATUS. IF AN APPLICANT ORGANIZATION IS AN INSTRUMENTALITY OF THE FEDERAL GOVERNMENT, MONTANA STATE GOVERNMENT, OR LOCAL GOVERNMENT, IT MUST ATTACH TO THE GRANT APPLICATION EVIDENCE OF ITS GOVERNMENT AGENCY STATUS UNDER SECTION 170(C)(1) OF THE INTERNAL REVENUE CODE.IF AN APPLICANT ORGANIZATION IS A SECTION 501(C)(3) ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION, IT MUST ALSO ATTACH TO THE GRANT APPLICATION A COPY OF ITS LATEST ANNUAL INFORMATION RETURN (FORM 990 OR FORM 990EZ)AN APPLICANT ORGANIZATION MUST SUBMIT A COPY OF ITS CURRENT OPERATING BUDGET AND BALANCE SHEET AND BRIEFLY DESCRIBE HOW ITS ON-GOING FUNDING WILL BE ACHIEVED. SEVEN COPIES OF THE GRANT APPLICATION AND SUMMARY PAGES WITH ONE SET OF SUPPORTING EVIDENCE AS REQUIRED SHOULD BE MAILED AS DIRECTED BELOW. PLEASE DO NOT STAPLE MATERIAL.COMPLETED GRANT APPLICATION CYCLE DEADLINES ARE: THERE WILL BE ONLY 1 GRANT CYCLE PER YEAR. IF MARCH 1ST FALLS ON A WEEKEND, THE GRANT APPLICATIONS WILL BE DUE THE FOLLOWING BUSINESS DAY.APPLICATIONS MUST BE POSTMARKED BY THE ABOVE DATE AND RECEIVED NO LATER THAN ONE WEEK AFTERWARD FOR CONSIDERATION WITHIN THE CURRENT FUNDING CYCLE.INCOMPLETE APPLICATIONS WILL BE RETURNED TO GRANT APPLICANTS AND CONSIDERED, WHEN COMPLETED, IN THE NEXT FUNDING CYCLE.THE BOARD WILL SEND A WRITTEN RESPONSE TO GRANT APPLICANTS WITHIN 60-90 DAYS OF THE GRANT APPLICATION CYCLE DEADLINE. THE BOARD MAY, AT ITS DISCRETION, GIVE PRIORITY TO TIME-SENSITIVE REQUESTS.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INVEST - FIXED INCOME BONDS 1,835,047 1,801,087

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VARIOUS CORPORATE STOCK HOLDINGS 4,269,810 6,986,751

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ROYALTY INTERESTS FMV 6,052 4,274
    INVEST - REAL ESTATE FUNDS FMV 259,226 355,933

    TY 2021 LegalFeesSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,515 2,258 0 2,257


    TY 2021 OtherAssetsSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BAIR RANCH FOUNDATION MEMBERSHIP INTEREST 4,192,378 4,192,378 4,192,378


    TY 2021 OtherExpensesSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINERAL FEES 27 14 0 13


    TY 2021 OtherIncomeSchedule2
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 2,140 2,140  
    OTHER INCOME 77 77  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUST FEES 76,335 38,168 0 38,167


    TY 2021 ReductionExplanationStatement
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Explanation:
    THE CHARLES M BAIR MEMORIAL TRUST HAS A MEMBERSHIP INTEREST IN ANOTHER PRIVATE FOUNDATION, THE BAIR RANCH FOUNDATION. THE BAIR RANCH FOUNDATION MAKES ANNUAL DISTRIBUTIONS BASED ON THE VALUE OF ITS ASSETS. THE CONTRIBUTIONS MADE TO THE CHARLES M BAIR MEMORIAL TRUST FROM THE BAIR RANCH FOUNDATION ARE TREATED AS PASS THROUGH CONTRIBUTIONS. ACCORDINGLY, THE VALUE OF THE MEMBERSHIP INTEREST IS NOT INCLUDED AS IT IS CONSIDERED AN EXEMPT ASSET AND TO INCLUDE THE VALUE HERE WOULD RESULT IN DUPLICATION.AS TO THE VALUE OF THE MEMBERSHIP INTEREST, BOOK VALUE HAS BEEN UTILIZED. THE MEMBERSHIP INTEREST IS NOT TRANSFERABLE OR SELLABLE AND THESE RESTRICTIONS CREATE A SITUATION WHEREBY THE TRUE VALUE IS NOT EASILY DETERMINABLE. SINCE IT IS AN EXEMPT ASSET THE VALUE IS NOT A SIGNIFICANT ISSUE. ACCORDINGLY, BOOK VALUE HAS BEEN UTILIZED.

    TY 2021 TaxesSchedule
    Name:
    CHARLES M BAIR MEMORIAL TRUST
     
    US BANK TRUST DEPT
    EIN:
    81-0370774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 8,417 0 0 0