TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 06-01-2021 , and ending 05-31-2022

Name of foundation
MARIE ECCLES CAINE FOUNDATION-RUSSELL
FAMILY

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5066
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WHITEFISH, MT59937

A Employer identification number

94-2764258

B Telephone number (see instructions)

(406) 250-8081

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$20,909,822J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	278,986		278,986	278,986
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		560,687
b	Gross sales price for all assets on line 6a 9,488,524
7	Capital gain net income (from Part IV, line 2)...			560,687
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	839,673		839,673	278,986
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		94,836	94,836
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		80,837	79,853		984
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	175,673		174,689		984
25	Contributions, gifts, grants paid.......	745,832				745,832
26	Total expenses and disbursements. Add lines 24 and 25	921,505		174,689		746,816
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-81,832
b	Net investment income (if negative, enter -0-)			664,984
c	Adjusted net income (if negative, enter -0-)...				278,986

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	249,187	162,942	162,942
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	16,729,038	16,801,114	20,746,880
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	16,978,225	16,964,056	20,909,822
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	16,978,225	16,964,056
	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).....	16,978,225	16,964,056
	30	Total liabilities and net assets/fund balances (see instructions).	16,978,225	16,964,056

Part III

Analysis of Changes in Net Assets or Fund Balances

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

16,978,225

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

-81,832

Other increases not included in line 2 (itemize) bullet

67,663

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

16,964,056

Decreases not included in line 2 (itemize) bullet

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

16,964,056

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	.1 SH ORGANON & CO	P	2020-09-29	2021-06-03
b	11.8 SH ORGANON & CO	P	2020-09-29	2021-06-08
c	382 SH AGILENT TECHNOLOGIES	P	2021-04-13	2021-06-14
d	6461 SH ANNALAY CAPITAL MGT	P	2021-04-13	2021-06-14
e	391 SH BADGER METER INC	P	2021-01-12	2021-06-14
	899 SH DINE BRANDS GLOBAL	P	2021-02-16	2021-06-14
	2394 SH INTERCEPT PHARMA INC	P	2021-05-17	2021-06-14
	285 SH NOVARTIS AG	P	2021-01-01	2021-06-14
	73 SH NOVARTIS AG	P	2021-03-12	2021-06-14
	1512 SH PATTERSON COMPANIES	P	2021-01-12	2021-06-14
	354 SH SCHNEIDER ELECTRIC	P	2020-12-11	2021-06-14
	168 SH SIEMENS A G	P	2020-09-29	2021-06-14
	185 SH STARBUCKS CORP	P	2020-09-29	2021-06-14
	200 SH TAIWAN SEMICONDUCTOR	P	2020-09-29	2021-06-14
	4005 SH ISHARES MBS ETF	P	2020-09-30	2021-06-16
	1360 SH ISHARES MBS ETF	P	2020-10-09	2021-06-16
	1135 SH ISHARES MBS ETF	P	2020-10-30	2021-06-16
	195,000 US TREASU NT 2.625%	P	2021-01-20	2021-06-17
	2104 SH EXTENDED STAY AMER	P	2021-05-17	2021-06-18
	1974 SH EXTENDED STAY AMER	P	2021-06-14	2021-06-18
	9.8 SH ORGANON & CO	P	2008-01-28	2021-06-08
	65 SH ORGANON & CO	P	2008-05-28	2021-06-08
	14.4 SH ORGANON & CO	P	2019-03-04	2021-06-08
	990 SH ISHARES MSCI EAFE ETF	P	2007-03-28	2021-06-16
	484 SH ISHARES MBS ETF	P	2007-05-17	2021-06-15
	395 SH ISHARES MBS ETF	P	2008-03-07	2021-06-16
	693 SH AIA GROUP LTD	P	2021-06-14	2021-07-13
	362 SH BEST BUY INC	P	2020-09-29	2021-07-13
	474 SH CITIGROUP INC	P	2021-05-17	2021-07-13
	284 SH FUJITSU LIMITED	P	2020-09-29	2021-07-13
	267 SH FUJITSU LIMITED	P	2021-02-16	2021-07-13
	1014 SH KBC GROUP NV	P	2020-09-29	2021-07-13
	86 SH KBC GROUP NV	P	2020-12-11	2021-07-13
	2054 SH NORSK HYDRO	P	2020-09-29	2021-07-13
	324 SH SLEEP NUMBER CORP	P	2021-04-13	2021-07-13
	423 SH SLEEP NUMBER CORP	P	2021-06-14	2021-07-13
	395 SH TEXAS INSTRUMENTS	P	2020-09-29	2021-07-13
	108 SH HONG KONG EXC & CLR	P	2020-12-11	2021-08-12
	21 SH SAP SE	P	2020-09-29	2021-08-12
	343 SH TELADOC INC	P	2021-07-13	2021-08-12
	3495 SH THE BRITISH LAND CO	P	2020-09-29	2021-08-12
	936 SH THE BRITISH LAND CO	P	2021-05-17	2021-08-12
	245 SH WILLIAMS SONOMA	P	2021-04-13	2021-08-12
	342 SH WILLIAMS SONOMA	P	2021-06-14	2021-08-12
	2.6184 SH ALPHABET INC	P	2014-05-20	2021-08-12
	10.3816 SH ALPHABET INC	P	2014-08-20	2021-08-12
	162 SH JOHNSON & JOHNSON	P	2005-11-29	2021-08-12
	13 SH JOHNSON & JOHNSON	P	2005-11-30	2021-08-12
	113 SH JOHNSON & JOHNSON	P	2007-11-13	2021-08-12
	3337 SH ISHARES INT GOV CREDIT BOND	P	2020-09-30	2021-08-31
	1039 SH ISHARES INT GOV CREDIT BOND	P	2020-09-30	2021-09-01
	250 SH BASF SE DISC	P	2020-12-11	2021-09-13
	140 SH CATERPILLAR INC	P	2020-09-29	2021-09-13
	75 SH EQUINIX INC	P	2020-10-21	2021-09-13
	193 SH ERICSSON	P	2021-04-13	2021-09-13
	382 SH HONG KONG EXC & CLR	P	2020-09-29	2021-09-13
	39 SH HONG KONG EXC & CLR	P	2020-11-16	2021-09-13
	230 SH HONG KONG EXC & CLR	P	2020-12-11	2021-09-13
	164 SH INSULET CORP	P	2021-06-14	2021-09-13
	6 SH INSULET CORP	P	2021-07-13	2021-09-13
	1388 SH KINGFISHER PLC	P	2020-10-21	2021-09-13
	908 SH OWENS CORNING FIBERGLASS	P	2020-09-29	2031-09-12
	583 SH STARBUCKS CORP	P	2020-09-29	2021-09-13
	56 SH TESLA INC	P	2021-08-12	2031-09-12
	175,000 SAN FRAN CALIF 1.884%	P	2021-03-12	2021-09-14
	279 SH COMERICA INCORPORATE	P	2021-03-12	2021-09-28
	291 SH EDWARDS LIFESCIENCES	P	2021-03-12	2021-09-28
	408 SH EXELON CORP	P	2020-09-29	2021-09-28
	148 SH WESCO INTERNTNL	P	2021-07-13	2021-09-28
	183 SH CATERPILLAR INC	P	2009-11-02	2031-09-12
	2385 SH ISHARES INT GOV CREDIT BOND	P	2020-09-30	2021-09-29
	129 SH AUTODESK INC	P	2021-08-12	2021-10-15
	432 SH EXPEDITORS INTL WASH	P	2021-03-12	2021-10-15
	201 SH ITOCHU CORP	P	2021-02-16	2021-10-15
	98 SH KINGFISHER PLC	P	2020-10-21	2021-10-15
	1411 SH KINGFISHER PLC	P	2020-12-11	2021-10-15
	1204 SH KINGFISHER PLC	P	2021-03-12	2021-10-15
	364 SH STAAR SURGICAL CO	P	2021-09-12	2021-10-15
	1063 SH THYSSENKRUPP	P	2021-05-17	2021-10-15
	2085 SH ISHARES INT GOV CREDIT BOND	P	2020-10-30	2021-10-25
	2664 SH ISHARES INT GOV CREDIT BOND	P	2021-06-16	2021-10-25
	8845 SH JANUS HENDRSON MORTG	P	2021-06-16	2021-10-25
	48 SH AUTODESK INC	P	2020-09-29	2021-10-15
	444 SH EXPEDITORS INTL WASH	P	2020-09-29	2021-10-15
	201 SH ROCHE HLDG	P	2020-09-29	2021-10-15
	86 SH VAIL RESORTS INC	P	2020-09-29	2021-10-15
	125,000 APPLE INC 3%	P	2020-09-30	2021-10-25
	3800 SH ISHARES TR IS 1-5 YR	P	2015-06-10	2021-10-25
	2735 SH ISHARES TR IS 1-5 YR	P	2020-10-09	2021-10-25
	167 SH AMN HEALTHCARE SRVCS	P	2021-06-14	2021-11-16
	135 SH BADGER METER INC	P	2021-01-12	2021-11-16
	366 SH BASF SE DISC	P	2020-12-11	2021-11-16
	421 SH GILEAD SCIENCES INC	P	2021-08-12	2021-11-16
	108 SH IBERDROLA S A	P	2021-05-17	2021-11-16
	550 SH INTERPUBLIC	P	2021-01-12	2021-11-16
	210 SH JOHNSON & JOHNSON	P	2021-10-15	2021-11-16
	178 SH MODERNA	P	2021-09-13	2021-11-16
	2661 SH THE MACERICH CO	P	2021-08-12	2021-11-16
	636 SH VESTAS WIND SYS AS UTD	P	2020-12-11	2021-11-16
	46 SH VESTAS WIND SYS AS UTD	P	2021-01-12	2021-11-16
	2861 SH ZOGENIX INC	P	2021-09-13	2021-11-16
	2569 SH ZOGENIX INC	P	2021-10-15	2021-11-16
	0.4 SH KYNDRYL HLDGS INC	P	2020-09-29	2021-11-04
	136 SH AMERICAN EXPRESS CO	P	2019-10-25	2021-11-16
	434 SH BANK OF NY MELLON CO	P	2020-09-29	2021-11-16
	2248 SH BASF SE DISC	P	2020-09-29	2021-11-16
	200 SH ECOLAB INC	P	2020-09-29	2021-11-16
	148 SH GILEAD SCIENCES INC	P	2020-09-29	2021-11-16
	402 SH JOHNSON & JOHNSON	P	2002-11-30	2021-11-16
	65.8 SH KYNDRYL HLDGS INC	P	2008-03-24	2021-11-16
	55.2 SH KYNDRYL HLDGS INC	P	2020-09-29	2021-11-16
	127 SH LOWES COS INC	P	2020-06-09	2021-11-16
	169 SH NVIDIA CORP	P	2020-09-29	2021-11-16
	237 SH WELLTOWER INC	P	2020-10-21	2021-11-16
	270 SH BLUESCOPE STEEL	P	2021-10-15	2021-12-20
	109 SH DEUTSCHE POST	P	2021-06-14	2021-12-20
	198 SH JANUS HENDRSON MORTG	P	2021-08-12	2021-12-20
	134 SH SAP SE	P	2021-11-16	2021-12-20
	643 SH SNAP INC	P	2021-11-16	2021-12-20
	1447 SH ASTELLAS PHARMA INC	P	2020-09-29	2021-12-20
	204 SH ASTRAZENECA PLC	P	2020-09-29	2021-12-20
	328 SH EDWARDS LIFESCIENCES	P	2021-09-29	2021-12-20
	329 SH IBM CORP	P	2008-03-28	2021-12-20
	278 SH IBM CORP	P	2020-09-29	2021-12-20
	1846 SH JANUS HENDRSON MORTG	P	2020-09-29	2021-12-20
	5612 SH MRC GLOBAL INC	P	2020-11-16	2021-12-20
	1457 SH UBER TECHNOLOGIES	P	2021-12-20	2022-01-04
	180 SH COMERICA ICORPORATE	P	2021-03-12	2022-01-05
	291 SH EDWARDS LIFESCIENCES	P	2021-03-12	2022-01-05
	579 SH INTERPUBLIC	P	2021-01-12	2022-01-05
	352 SH MORGAN STANLEY	P	2021-02-16	2022-01-05
	416 SH ASX LTD	P	2021-02-16	2022-01-24
	213 SH ASX LTD	P	2021-05-17	2022-01-24
	161 SH DECKERS OUTDOOR CORP	P	2021-04-13	2022-04-24
	15 SH PVH CORP	P	2021-02-16	2022-01-24
	383 SH PVH CORP	P	2021-11-16	2022-01-24
	920 SH SNAP INC	P	2021-11-16	2022-01-24
	127 SH EDWARDS LIFESCIENCES	P	2020-09-29	2022-01-05
	145 SH PEPSICO INC	P	2020-09-29	2022-01-05
	866 SH ASTELLAS PHARMA INC	P	2020-09-29	2022-01-24
	1755 SH ASTELLAS PHARMA INC	P	2020-12-11	2022-01-24
	40 SH INTUIT INC	P	2020-09-29	2022-01-24
	56 SH MASTERCARD INC	P	2020-09-29	2022-01-24
	387 SH PVH CORP	P	2020-09-29	2022-01-24
	41 SH SHIMIZU CORP	P	2020-09-29	2022-01-24
	631 SH SHIMIZU CORP	P	2020-12-11	2022-01-24
	1045 SH ISHARES INT GOV CREDIT BOND	P	2021-06-16	2022-02-11
	3465 SH ISHARES INT GOV CREDIT BOND	P	2021-04-23	2022-02-14
	56 SH ISHARES INT GOV CREDIT BOND	P	2021-06-16	2022-02-14
	665 SH ISHARES INT GOV CREDIT BOND	P	2021-06-17	2022-02-14
	503 SH AMN HEALTHCARE SRVCS	P	2021-05-17	2022-02-18
	254 SH AMN HEALTHCARE SRVCS	P	2021-06-14	2022-02-18
	827 SH BAOZUN INC	P	2022-01-24	2022-02-18
	322 SH BUNGE LIMITED	P	2022-01-24	2022-02-18
	2446 SH INTERSECT ENT	P	2022-01-24	2022-02-18
	134 SH MS&AD INSURANCE GROUP	P	2021-04-13	2022-02-18
	526 SH MS&AD INSURANCE GROUP	P	2021-07-13	2022-02-18
	4440 SH NOMURA HOLDINGS	P	2022-01-24	2022-02-18
	924 SH SCHNITZER STL INDS	P	2021-12-20	2022-02-18
	589 SH ISHARES INT GOV CREDIT BOND	P	2020-09-30	2022-02-14
	1374 SH AXA SA	P	2020-12-11	2022-02-18
	686 SH BANCO BILBAO VIZCAYA A FSPONS	P	2020-09-29	2022-02-18
	855 SH BANCO BILBAO VIZCAYA A FSPONS	P	2020-12-11	2022-02-18
	1420 SH CISCO SYSTEMS INC	P	2020-09-29	2022-02-18
	564 SH CONSTELLATION ENERGY	P	2020-09-29	2022-02-18
	227 SH ITOCHU CORP	P	2021-02-16	2022-02-18
	45 SH LOWES COS INC	P	2018-02-01	2022-02-18
	173 SH LOWES COS INC	P	2020-06-09	2022-02-18
	157 SH MACQUARIE BANK LIMITED	P	2020-02-11	2022-02-18
	100 SH MICROSOFT CORP	P	2007-08-22	2022-02-18
	2189 SH MURATA MFG CO	P	2021-01-12	2022-02-18
	312 SH NVIDIA CORP	P	2020-09-29	2022-02-18
	14 SH SONY GROUP CORP	P	2020-09-29	2022-02-18
	100 SH SONY GROUP CORP	P	2020-12-11	2022-02-18
	242 SH WESCO INTERNTNL	P	2020-12-11	2022-02-18
	91 SH AIA GROUP LTD	P	2021-09-13	2022-03-21
	334 SH BUNGE LIMITED	P	2022-01-24	2022-03-21
	2404 SH ERICSSON	P	2021-04-13	2022-03-21
	589 SH GILEAD SCIENCES INC	P	2021-12-20	2022-03-21
	143 SH GIVAUDAN SA	P	2022-01-24	2022-03-21
	85 SH HUBSPOT INC	P	2021-11-16	2022-03-21
	4678 SH MRC GLOBAL INC	P	2022-01-24	2022-03-21
	342 SH NXP SEMICONDUCTORS	P	2021-12-20	2022-03-21
	1239 SH PARAMOUNT GLOBAL	P	2021-09-13	2022-03-21
	249 SH 3M CO	P	2021-09-13	2022-03-21
	100 SH L OREAL SA	P	2020-12-11	2022-03-21
	584 SH XYLEM INC	P	2020-09-29	2022-03-21
	2494 SH BARRATT DEVELOPMENTS	P	2021-08-12	2022-04-19
	709 SH BARRATT DEVELOPMENTS	P	2022-02-18	2022-04-19
	492 SH CITIGROUP INC	P	2021-05-17	2022-04-19
	21 SH HILTON WORLDWIDE	P	2021-05-17	2022-04-19
	210 SH HILTON WORLDWIDE	P	2022-03-21	2022-04-19
	736 SH INFINEON TECH	P	2021-07-13	2022-04-19
	219 SH INFINEON TECH	P	2021-09-13	2022-04-19
	131 SH INSULET CORP	P	2021-07-13	2022-04-19
	151 SH NOVO-NORDISK	P	2022-03-21	2022-04-19
	218 SH AGILENT TECHNOLOGIES	P	2021-04-13	2022-04-19
	150 SH APPLE INC	P	2007-02-08	2022-04-19
	24 SH CITIGROUP INC	P	2020-09-29	2022-04-19
	233 SH UNITEDHEALTH GRP INC	P	2010-12-09	2022-04-19
	733 SH XYLEM INC	P	2020-09-29	2022-04-19
	701 SH DEUTSCHE POST	P	2021-06-14	2022-05-19
	1194 SH KROGER CO	P	2022-04-19	2022-05-19
	193 SH NVIDIA CORP	P	2022-04-19	2022-05-19
	91 SH WEX INC	P	2021-10-15	2022-05-19
	17 SH AMERICAN EXPRESS CO	P	2019-10-25	2022-05-19
	354 SH AMERICAN EXPRESS CO	P	2020-09-29	2022-05-19
	183 SH ASTRAZENECA PLC	P	2020-09-29	2022-05-16
	83 SH IDEXX LABS INC	P	2020-09-29	2022-05-19
	1154 SH SHIMIZU CORP	P	2020-09-29	2022-05-19
	531 SH SINGAPORE TLCM	P	2021-02-16	2022-05-19
	1027 SH WEBSTER FINL CO	P	2021-03-12	2022-05-19

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3	4	-1
b	354	456	-102
c	54,973	50,479	4,494
d	60,378	56,076	4,302
e	37,141	41,164	-4,023
	82,253	66,411	15,842
	51,375	43,564	7,811
	26,629	26,713	-84
	6,821	6,131	690
	52,960	49,539	3,421
	11,158	9,845	1,313
	13,881	11,748	2,133
	20,670	15,752	4,918
	23,932	16,140	7,792
	433,179	442,294	-9,115
	147,097	149,850	-2,753
	122,761	125,202	-2,441
	213,327	219,946	-6,619
	39,450	41,337	-1,887
	37,012	40,329	-3,317
	294	226	68
	1,952	1,183	769
	432	549	-117
	107,078	99,960	7,118
	52,349	48,661	3,688
	42,723	40,025	2,698
	34,570	34,141	429
	40,038	40,102	-64
	32,549	36,419	-3,870
	10,876	7,792	3,084
	10,225	8,037	2,188
	39,368	25,445	13,923
	3,339	3,129	210
	13,464	5,491	7,973
	34,971	39,487	-4,516
	45,657	50,157	-4,500
	75,625	56,054	19,571
	6,897	5,344	1,553
	3,073	3,296	-223
	49,377	53,575	-4,198
	25,723	14,959	10,764
	6,889	6,846	43
	40,725	42,766	-2,041
	56,849	56,908	-59
	7,190	1,376	5,814
	28,506	5,456	23,050
	28,203	10,089	18,114
	2,263	807	1,456
	19,672	7,573	12,099
	387,123	392,893	-5,770
	120,357	122,330	-1,973
	4,827	4,760	67
	28,898	20,555	8,343
	63,458	60,087	3,371
	2,292	2,697	-405
	24,916	17,790	7,126
	2,544	1,889	655
	15,002	11,382	3,620
	47,652	46,406	1,246
	1,743	1,618	125
	13,672	11,742	1,930
	86,260	61,773	24,487
	69,724	49,640	20,084
	40,699	39,480	1,219
	177,764	175,011	2,753
	22,892	19,879	3,013
	33,210	24,144	9,066
	19,818	14,384	5,434
	17,539	15,140	2,399
	37,774	10,106	27,668
	274,584	280,806	-6,222
	37,505	42,226	-4,721
	50,857	43,215	7,642
	11,715	12,132	-417
	895	829	66
	12,882	9,712	3,170
	10,992	9,979	1,013
	42,535	51,875	-9,340
	10,758	12,493	-1,735
	238,481	244,591	-6,110
	304,707	308,038	-3,331
	467,456	469,139	-1,683
	13,955	11,232	2,723
	52,270	40,626	11,644
	9,747	8,720	1,027
	28,846	18,109	10,737
	134,925	138,735	-3,810
	206,358	199,732	6,626
	148,523	150,165	-1,642
	18,673	16,021	2,652
	14,634	14,213	421
	6,559	6,968	-409
	28,544	29,431	-887
	4,999	6,000	-1,001
	19,756	13,566	6,190
	34,451	33,750	701
	42,437	77,928	-35,491
	55,961	45,420	10,541
	7,333	8,597	-1,264
	530	721	-191
	41,490	42,889	-1,399
	37,255	40,585	-3,330
	10	10
	24,693	15,888	8,805
	25,885	14,708	11,177
	40,284	34,552	5,732
	47,232	39,576	7,656
	10,035	9,194	841
	65,950	24,967	40,983
	1,319	1,650	-331
	1,107	1,400	-293
	30,816	16,475	14,341
	50,555	22,449	28,106
	19,819	12,642	7,177
	20,370	20,979	-609
	6,549	7,536	-987
	7,851	8,524	-673
	18,284	19,141	-857
	28,446	34,632	-6,186
	23,403	21,835	1,568
	11,498	11,195	303
	39,152	25,718	13,434
	41,280	37,646	3,634
	34,881	32,157	2,724
	73,192	39,208	33,984
	36,192	31,374	4,818
	63,853	57,066	6,787
	16,798	12,825	3,973
	36,810	24,144	12,666
	21,979	14,281	7,698
	36,685	26,738	9,947
	24,327	22,955	1,372
	12,456	12,535	-79
	48,588	55,014	-6,426
	1,422	1,446	-24
	36,298	46,661	-10,363
	26,960	49,551	-22,591
	16,065	9,958	6,107
	25,340	19,966	5,374
	14,458	13,068	1,390
	29,299	25,583	3,716
	20,684	13,033	7,651
	18,957	18,941	16
	36,677	22,996	13,681
	1,084	1,274	-190
	16,678	20,659	-3,981
	116,068	120,833	-4,765
	383,854	399,965	-16,111
	6,204	6,475	-271
	73,669	76,842	-3,173
	52,355	44,898	7,457
	26,438	24,367	2,071
	10,139	10,458	-319
	32,284	29,567	2,717
	66,579	66,328	251
	2,309	1,994	315
	9,063	7,990	1,073
	20,868	19,651	1,217
	38,776	44,774	-5,998
	65,250	69,348	-4,098
	41,996	32,703	9,293
	4,459	1,852	2,607
	5,557	4,091	1,466
	78,899	55,486	23,413
	25,384	17,681	7,703
	15,086	13,702	1,384
	10,022	4,692	5,330
	38,529	22,442	16,087
	21,510	16,377	5,133
	29,025	2,821	26,204
	37,578	53,105	-15,527
	75,239	41,445	33,794
	1,469	1,083	386
	10,492	9,439	1,053
	29,567	17,966	11,601
	3,776	4,408	-632
	36,484	30,669	5,815
	21,948	33,596	-11,648
	35,413	42,271	-6,858
	11,610	12,602	-992
	40,127	70,792	-30,665
	56,035	34,533	21,502
	64,327	74,494	-10,167
	45,263	49,340	-4,077
	36,992	46,360	-9,368
	7,863	7,327	536
	50,835	48,836	1,999
	33,289	50,404	-17,115
	9,464	11,698	-2,234
	25,955	37,802	-11,847
	3,381	2,557	824
	33,815	31,349	2,466
	22,052	28,586	-6,534
	6,562	9,613	-3,051
	35,467	35,332	135
	17,334	16,715	619
	27,520	28,807	-1,287
	24,927	462	24,465
	1,266	1,014	252
	124,833	8,500	116,333
	62,514	61,296	1,218
	27,633	48,464	-20,831
	56,718	69,019	-12,301
	32,611	42,510	-9,899
	14,202	17,519	-3,317
	2,631	1,986	645
	54,795	34,740	20,055
	11,639	10,043	1,596
	29,776	32,295	-2,519
	24,279	36,866	-12,587
	10,342	9,691	651
	46,949	63,834	-16,885

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-1
b			-102
c			4,494
d			4,302
e			-4,023
			15,842
			7,811
			-84
			690
			3,421
			1,313
			2,133
			4,918
			7,792
			-9,115
			-2,753
			-2,441
			-6,619
			-1,887
			-3,317
			68
			769
			-117
			7,118
			3,688
			2,698
			429
			-64
			-3,870
			3,084
			2,188
			13,923
			210
			7,973
			-4,516
			-4,500
			19,571
			1,553
			-223
			-4,198
			10,764
			43
			-2,041
			-59
			5,814
			23,050
			18,114
			1,456
			12,099
			-5,770
			-1,973
			67
			8,343
			3,371
			-405
			7,126
			655
			3,620
			1,246
			125
			1,930
			24,487
			20,084
			1,219
			2,753
			3,013
			9,066
			5,434
			2,399
			27,668
			-6,222
			-4,721
			7,642
			-417
			66
			3,170
			1,013
			-9,340
			-1,735
			-6,110
			-3,331
			-1,683
			2,723
			11,644
			1,027
			10,737
			-3,810
			6,626
			-1,642
			2,652
			421
			-409
			-887
			-1,001
			6,190
			701
			-35,491
			10,541
			-1,264
			-191
			-1,399
			-3,330

			8,805
			11,177
			5,732
			7,656
			841
			40,983
			-331
			-293
			14,341
			28,106
			7,177
			-609
			-987
			-673
			-857
			-6,186
			1,568
			303
			13,434
			3,634
			2,724
			33,984
			4,818
			6,787
			3,973
			12,666
			7,698
			9,947
			1,372
			-79
			-6,426
			-24
			-10,363
			-22,591
			6,107
			5,374
			1,390
			3,716
			7,651
			16
			13,681
			-190
			-3,981
			-4,765
			-16,111
			-271
			-3,173
			7,457
			2,071
			-319
			2,717
			251
			315
			1,073
			1,217
			-5,998
			-4,098
			9,293
			2,607
			1,466
			23,413
			7,703
			1,384
			5,330
			16,087
			5,133
			26,204
			-15,527
			33,794
			386
			1,053
			11,601
			-632
			5,815
			-11,648
			-6,858
			-992
			-30,665
			21,502
			-10,167
			-4,077
			-9,368
			536
			1,999
			-17,115
			-2,234
			-11,847
			824
			2,466
			-6,534
			-3,051
			135
			619
			-1,287
			24,465
			252
			116,333
			1,218
			-20,831
			-12,301
			-9,899
			-3,317
			645
			20,055
			1,596
			-2,519
			-12,587
			651
			-16,885

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	560,687
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	-53,613

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 and enter “N/A" on line 1.
	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
3	Add lines 1 and 2...........................	3	9,243
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	9,243
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	49,606
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	49,606
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	40,363
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax40,363	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

and Part XIV..................................

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

MARIE RUSSELL-SHAW Telephone no. bullet

(406) 250-8081

Located at bullet

PO BOX 5066WHTEFISHMT ZIP+4 bullet

59937

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

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

16 At any time during calendar year 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

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)

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

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

1a(2)

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

1a(3)

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

1a(4)

(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)

(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)

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2021? .............

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

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

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(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)

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

5a(3)

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

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

5a(4)

(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)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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
MARIE RUSSELL-SHAW	Trustee 5.00	0
980 PACK RAT LANE WHITEFISH,MT59937	Trustee 5.00	0
DANIEL C RUSSELL	Trustee 1.50	0
1180 EASTRIDGE DRIVE LOGAN,UT843214984	Trustee 1.50	0
DAVID E RUSSELL	Trustee 1.50	0
1524 E INTERLAKEN BLVD SEATTLE,WA98112	Trustee 1.50	0

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

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
NONE

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

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	NONE	0
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......................... bullet

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

16,097,450

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

512,556

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

5,450,000

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

22,060,006

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

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

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

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

22,060,006

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

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

330,900

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

21,729,106

Minimum investment return. Enter 5% (0.05) of line 5................

1,086,455

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.)

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

1,086,455

Tax on investment income for 2021 from Part V, line 5.......

9,243

Income tax for 2021. (This does not include the tax from Part V.) ...

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

9,243

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

1,077,212

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

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

1,077,212

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

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

1,077,212

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			1,077,212
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......	2,154,072
c From 2018......	1,081,196
d From 2019......	3,229
e From 2020......
f Total of lines 3a through e ........		3,238,497
4Qualifying distributions for 2021 from Part
XI, line 4: $ 746,816
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....			746,816
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.		330,396	330,396
(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		2,908,101
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		2,908,101
10 Analysis of line 9:
a Excess from 2017....	1,823,676
b Excess from 2018....	1,081,196
c Excess from 2019....	3,229
d Excess from 2020....
e Excess from 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 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

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

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

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

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

cAny submission deadlines:

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHAMBER MUSIC SOCIETY OF LOGAN PO BOX 3620 LOGAN,UT84323	NONE	PC	GENERAL OPERATING	20,000
BOX ELDER SCHOOL DISTRICT FOUNDATIO 960 S MAIN STREET BRIGHAM CITY,UT84302	NONE	PC	GENERAL OPERATING	7,500
USU CAINE COLLEGE OF THE ARTS 1590 OLD MAIN HILL LOGAN,UT84322	NONE	PC	SCHOLARSHIPS & PROGRAM SUPPORT	488,832
BRIGHAM CITY FINE ARTS COUNCIL 58 SOUTH 100 WEST BRIGHAM CITY,UT84302	NONE	PC	GENERAL OPERATING	10,500
UTAH SYMPHONYUTAH OPERA 123 WEST SOUTH TEMPLE SALT LAKE CITY,UT84101	NONE		GENERAL OPERATING	10,000
MUSIC THEATRE WEST PO BOX 3542 LOGAN,UT84323	NONE		GENERAL OPERATING	18,000
NORTH CACHE MIDDLE SCHOOL 157 WEST 600 SOUTH RICHMOND,UT84333	NONE		GENERAL OPERATING	4,500
PBS UTAH 10 S WASATCH DR RM 215 SALT LAKE CITY,UT84112	NONE		GENERAL OPERATING	15,000
ALLEN AND ALICE STOKES NATURE CENTE 133 EAST CENTER STREET LOGAN,UT84321	NONE		GENERAL OPERATING	15,000
CACHE VALLEY CENTER FOR THE ARTS 43 SOUTH MAIN LOGAN,UT84321	NONE		GENERAL OPERATING	26,500
RIRIE-WOODBURY 138 W BROADWAY SALT LAKE CITY,UT84101	NONE		GENERAL OPERATING	10,000
LAND TO HAND MONTANA PO BOX 4404 WHITEFISH,MT59937	NONE	PC	GENERAL OPERATING	20,000
COMMON GROUND OUTDOOR ADVENTURES 335 N 100 E LOGAN,UT84321	NONE	PC	GENERAL OPERATING	10,000
JUMP THE MOON 6800 OLD MAIN HILL LOGAN,UT84321	NONE	PC	GENERAL OPERATING	10,000
CACHE COMMUNITY FOOD PANTRY 359 SOUTH MAIN LOGAN,UT84321	NONE	PC	GENERAL OPERATING	10,000
CACHE COMMUNITY FOUNDATION 179 N MAIN STREET SUITE305 LOGAN,UT84321	NONE	PC	GENERAL OPERATING	10,000
INTERNATIONAL RESCUE COMMITTEE PO BOX 6068 ALBERT LEA,MN56007	NONE	PC	GENERAL OPERATING	10,000
WORLD FOOD PROGRAM USA PO BOX 37329 BOONE,IA50037	NONE	PC	GENERAL OPERATING	20,000
NORTHWEST HARVEST PO BOX 12272 SEATTLE,WA98102	NONE	PC	GENERAL OPERATING	10,000
SOUTHERN POVERTY LAW CENTER 400 WASHINGTON AVENUE MONTGOMERY,AL36177	NONE	PC	GENERAL OPERATING	20,000
Total ................................. 3a				745,832

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
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 ............					560,687
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) ..				278,986	560,687

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

839,673

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part 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)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:	21013475
Software Version:	2021v4.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 OtherExpensesSchedule

Name:

MARIE ECCLES CAINE FOUNDATION-RUSSELL

FAMILY

EIN:

94-2764258

Software ID:

21013475

Software Version:

2021v4.1

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
FOUNDATION ASSOCIATION DUES	780		780
INVESTMENT EXPENSES	3,298	3,298
INVESTMENT FEES-SCHWAB	76,555	76,555
P.O. BOX	204		204

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

MARIE ECCLES CAINE FOUNDATION-RUSSELL

FAMILY

EIN:

94-2764258

Software ID:

21013475

Software Version:

2021v4.1

Description	Amount
ACRRUED INTEREST	1,423
GRANT CHECKS UNCASHED AT 5-31-22	66,240

- TIN:

TY 2021 TaxesSchedule

Name:

MARIE ECCLES CAINE FOUNDATION-RUSSELL

FAMILY

EIN:

94-2764258

Software ID:

21013475

Software Version:

2021v4.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL ESTIMATED TAXES FYE 5/31/22	49,346	49,346
FEDERAL TAXES FYE 5/31/21	45,490	45,490