Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019
Name of foundation
GIANFORTE FAMILY CHARITABLE TRUST
 
% SUSAN GIANFORTE
Number and street (or P.O. box number if mail is not delivered to street address)1320 MANLEY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOZEMAN, MT59715
A Employer identification number

30-6089834
B Telephone number (see instructions)

(406) 585-0604
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$191,002,135J 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) 4,063,545
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,665,350 3,655,350  
5a Gross rents............ 12,900 12,900  
b Net rental income or (loss) 760
6a Net gain or (loss) from sale of assets not on line 10 5,651,181
b Gross sales price for all assets on line 6a 21,331,338
7 Capital gain net income (from Part IV, line 2)... 5,651,181
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)....... 2,161,835 2,161,835  
12 Total. Add lines 1 through 11........ 15,554,811 11,481,266  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,000     12,000
14 Other employee salaries and wages...... 52,083     52,083
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 500     500
b Accounting fees (attach schedule)....... 16,000      
c Other professional fees (attach schedule).... 806,094 776,151   29,943
17 Interest............... 12,845 12,845    
18 Taxes (attach schedule) (see instructions)... 223,864 119,574    
19 Depreciation (attach schedule) and depletion... 5,593    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 15,944     15,944
22 Printing and publications.......... 76      
23 Other expenses (attach schedule)....... 10,744     3,108
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,155,743 908,570   113,578
25 Contributions, gifts, grants paid....... 9,136,212 9,136,212
26 Total expenses and disbursements. Add lines 24 and 25 10,291,955 908,570   9,249,790
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,262,856
b Net investment income (if negative, enter -0-) 10,572,696
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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.............      
2 Savings and temporary cash investments......... 5,079,786 9,154,764 9,154,764
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..........      
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 bullet170,905
Less: accumulated depreciation (attach schedule) bullet31,461 145,037 139,444 170,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 157,735,388 181,677,371 181,677,371
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 162,960,211 190,971,579 191,002,135
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........ 162,797,277 190,971,579
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)..... 162,797,277 190,971,579
30 Total liabilities and net assets/fund balances (see instructions). 162,797,277 190,971,579
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
162,797,277
2
Enter amount from Part I, line 27a .....................
2
5,262,856
3
Other increases not included in line 2 (itemize) bullet
3
22,911,446
4
Add lines 1, 2, and 3 ..........................
4
190,971,579
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
190,971,579
Form 990-PF (2019)
Form 990-PF (2019)
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 STIFEL NICOLAUS #39320247   2019-01-01 2019-12-31
b STIFEL NICOLAUS #39320247   2018-01-01 2019-12-31
c STIFEL NICOLAUS #25740899   2018-01-01 2019-12-31
d STIFEL NICOLAUS #59003237   2019-01-01 2019-12-31
e STIFEL NICOLAUS #59003237   2018-01-01 2019-12-31
STIFEL NICOLAUS #2395389   2018-01-01 2019-12-31
STIFEL NICOLAUS #2395389   2018-01-01 2019-12-31
STIFEL NICOLAUS #2395389   2018-01-01 2019-12-31
STIFEL NICOLAUS #24890324   2019-01-01 2019-12-31
STIFEL NICOLAUS #24890324   2018-01-01 2019-12-31
CAPITAL GAIN DIVIDENDS P    
(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 348,435   390,542 -42,107
b 1,973,900   1,256,384 717,516
c 4,161,000   1,545,093 2,615,907
d 3,951,948   3,900,723 51,225
e 5,149,684   3,772,428 1,377,256
239,818   238,640 1,178
4,431,856   4,085,769 346,087
16,650     16,650
75,405   84,538 -9,133
278,019   406,040 -128,021
      25,289
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       -42,107
b       717,516
c       2,615,907
d       51,225
e       1,377,256
      1,178
      346,087
      16,650
      -9,133
      -128,021
       
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 5,651,181
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 9,023,353 178,366,150 0.050589
2017 8,190,269 168,835,788 0.04851
2016 8,122,095 151,130,313 0.053742
2015 7,311,124 153,256,573 0.047705
2014 6,053,939 132,238,961 0.04578
2
Total of line 1, column (d) .....................
2
0.246326
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.049265
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
177,220,132
5
Multiply line 4 by line 3......................
5
8,730,750
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
105,727
7
Add lines 5 and 6........................
7
8,836,477
8
Enter qualifying distributions from Part XII, line 4,.............
8
9,249,790
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 105,727
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 105,727
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- ..... 5 105,727
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 108,402
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.............. 7 108,402
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,675
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet2,675 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletgianfortefoundation.org
    14
    The books are in care ofbulletSUSAN GIANFORTE Telephone no.bullet (406) 585-0604

    Located atbullet1320 MANLEY ROADBOZEMANMT ZIP+4bullet59715
    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 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    GREG GIANFORTE TRUSTEE
    2.0     		0 0 0
    1320 MANLEY ROAD
    BOZEMAN,MT59715
    SUSAN GIANFORTE TRUSTEE
    4.0     		12,000 0 0
    1320 MANLEY ROAD
    BOZEMAN,MT59715
    RICHARD GIANFORTE TRUSTEE
    1.0     		0 0 0
    12317 102ND LANE NE
    KIRKLAND,WA98034
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    172,012,753
    b
    Average of monthly cash balances.......................
    1b
    7,906,163
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    179,918,916
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    179,918,916
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,698,784
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    177,220,132
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,861,007
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,861,007
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    105,727
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    105,727
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,755,280
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    8,755,280
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    8,755,280
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    9,249,790
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    9,249,790
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    105,727
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    9,144,063
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 8,755,280
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:2017, 2016, 2015 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016...... 640,003
    d From 2017......  
    e From 2018...... 274,491
    fTotal of lines 3a through e........ 914,494
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 9,249,790
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2019 distributable amount..... 8,755,280
    e Remaining amount distributed out of corpus 494,510
    5 Excess distributions carryover applied to 2019.    
    (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 1,409,004
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		1,409,004
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016.... 640,003
    c Excess from 2017....  
    d Excess from 2018.... 274,491
    e Excess from 2019.... 494,510
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    GREG SUSAN GIANFORTE
    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 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 (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    15-57 MINISTRIES
    1315 REMINGTON CREST DRIVE
    HOUSTON,TX77094     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 5,000
    A RAY OF HOPE
    46 5th AVE W
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 20,000
    AGAPE & ECCLESIA
    PO BOX 267892
    CHICAGO,IL60626     		NONE PC CHARITABLE PURPOSE 7,500
    ALIVE AGAIN LIVE RECOVERY MISSION
    PO BOX 10001
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 25,000
    ALLIANCE DEFENDING FREEDOM
    15100 N 90TH STREET
    SCOTTSDALE,AZ85260     		NONE CHARITABLE ORG CHARITABLE PURPOSE 50,000
    ALLIANCE FOR CHOICE IN EDUCATION
    1201 EAST COLFAX AVENUE STE 302
    DENVER,CO80218     		NONE PC CHARITABLE PURPOSE 2,036,817
    ALPHA USA
    1635 EMERSON LANE
    NAPERVILLE,IL60540     		NONE PC CHARITABLE PURPOSE 50,000
    AMERICAN COMPUTER MUSEUM
    2023 STADIUM DRIVE SUITE 1-A
    BOZEMAN,MT59715     		NONE CHARITABLE ORG CHARITABLE PURPOSE 5,000
    ASLAN YOUTH MINISTRIES
    255 HARDING RD
    RED BANK,NJ07701     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 85,000
    ASSOCIATION OF CLASSICAL CHRISTIAN SCHOOLS
    205 E 5TH ST
    MOSCOW,ID83843     		TRUSTEE CHARITABLE ORG. CHARITABLE PURPOSE 25,000
    ATLAS CULTURAL FOUNDATION
    300 RED TWIG LANE
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 1,000
    BALLANTINE UNITED LUNCH AND FOOD BOX PRO
    2264 4TH ST
    BALLATINE,MT59006     		NONE PC CHARITABLE PURPOSE 5,000
    BIG SKY FELLOWSHIP CHURCH
    7610 ROUGHSAWN DR
    HELENA,MT59602     		NONE PC CHARITABLE PURPOSE 750
    BILLY GRAHAM EVANGELISTIC ASSOCIATION
    1 BILLY GRAHAM PARKWAY
    CHARLOTTE,NC28201     		NONE PC CHARITABLE PURPOSE 10,000
    BOZEMAN PRISON MINISTRIES
    PO BOX 6281
    BOZEMAN,MT597716281     		NONE PC CHARITABLE PURPOSE 2,000
    BOZEMAN PUBLIC LIBRARY
    626 E MAIN ST
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 1,000
    BOZEMAN SUNRISE ROTARY CLUB
    PO BOX 6523
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 25,000
    BRAVEHEART CHAPLAIN MINISTRY
    PO BOX 1132
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 3,000
    BUNKER LABS
    555 ZOOT ENTERPRISES LN
    BOZEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 12,000
    BUTTE LITERACY PROGRAM
    304 N MAIN ST
    BUTTE,MT59701     		NONE PC CHARITABLE PURPOSE 5,000
    BUTTE RESCUE MISSION
    1204 E 2ND ST
    BUTTE,MT59701     		NONE PC CHARITABLE PURPOSE 110,000
    CANCER SUPPORT COMMUNITY MONTANA
    102 S 11TH AVE
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 1,200
    CAT RODEO SCHOLARSHIP ASSOCIATION
    PO BOX 11833
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 2,500
    CATALYST FOR KIDS
    PO BOX 10666
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 6,000
    CATHOLIC SOCIAL SERVICES OF MONTANA
    1301 11TH AVE
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 1,500
    CHARLOTTE LOZIER INSTITUTE
    1200 NEW HAMPSHIRE AVE NW SUITE 750
    WASHINGTON,DC20036     		NONE PC CHARITABLE PURPOSE 250,000
    CHESTERTON HOUSE
    115 THE KNOLL
    ITHACA,NY14850     		NONE CHARITABLE ORG CHARITABLE PURPOSE 10,000
    CHI ALPHA CHRISTIAN FELLOWSHIP
    1445 N BOONVILLE AVE
    SPRINGFIELD,MO65802     		NONE PC CHARITABLE PURPOSE 50,000
    CHILD BRIDGE
    PO BOX 310
    BIG FORK,MT59911     		NONE PC CHARITABLE PURPOSE 450,000
    CHRIST EPISCOPAL CHURCH
    PO BOX 152
    SHERIDAN,MT59749     		NONE PC CHARITABLE PURPOSE 1,000
    CHRISTIAN MEDIA MINISTRIES
    201 W MADISON AVE STE 100
    BELGRADE,MT58714     		NONE PC CHARITABLE PURPOSE 10,000
    CODE GIRLS UNITED
    PO BOX 1422
    KALISPELL,MT59903     		NONE PC CHARITABLE PURPOSE 20,000
    COLLECTIVE CHICAGO
    940 W GUNNISON ST APT 3
    CHICAGO,IL60640     		NONE PC CHARITABLE PURPOSE 40,000
    COMMUNIO
    PO BOX 4557
    WASHINGTON,DC20017     		NONE PC CHARITABLE PURPOSE 158,222
    COMPASSION INTERNATIONAL
    12290 VOYAGER PKWY
    COLORADO SPRINGS,CO80921     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 1,500
    CROWN FINANCIAL MINISTRY
    1035 PEACHTREE RD NW
    LAWRENCEVILLE,GA30043     		NONE CHARITABLE ORG CHARITABLE PURPOSE 50,000
    CRU MINISTRIES
    PO BOX 628222
    ORLANDO,FL328328222     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 92,000
    DAWSON COMMUNITY COLLEGE
    300 COLLEGE DR
    GLENDIVE,MT59330     		NONE PC CHARITABLE PURPOSE 22,000
    DILLON AREA LOVE INC
    PO BOX 1447
    DILLON,MT597251447     		NONE PC CHARITABLE PURPOSE 10,000
    ECHOZ PREGNANCY CARE CENTER
    1323 9TH AVE SOUTH
    GREAT FALLS,MT59404     		NONE PC CHARITABLE PURPOSE 15,000
    ED CHOICE
    111 MONUMENT CIRCLE SUITE 2650
    INDIANAPOLIS,IN46204     		NONE PC CHARITABLE PURPOSE 25,000
    EDIFY
    8825 AERO DR SUITE 220
    SAN DIEGO,CA92123     		NONE PC CHARITABLE PURPOSE 100,000
    EMERSON CULTURAL CENTER
    111 S GRAND AVE
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 3,000
    FAITH AND LAW
    PO BOX 7585
    ARLINGTON,VA22207     		NONE PC CHARITABLE PURPOSE 1,000
    FAITH CENTER FOUR SQUARE
    4700 10TH AVE S
    GREAT FALLS,MT59405     		NONE PC CHARITABLE PURPOSE 1,500
    FAITH CHRISTIAN FELLOWSHIP INTERNATIONAL
    PO BOX 367
    EATON,OH45320     		NONE PC CHARITABLE PURPOSE 2,000
    FAMILY LIFE MINISTRIES
    PO BOX 506
    BATH,NY14810     		NONE PC CHARITABLE PURPOSE 50,000
    FAMILY OUTREACH INC
    1236 HELENA AVE
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 9,750
    FAMILY PROMISE OF GALLATIN VALLEY
    PO BOX 475
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 10,000
    FAMILY PROMISE OF GREAT FALLS
    PO BOX 455
    GREAT FALLS,MT59403     		NONE PC CHARITABLE PURPOSE 10,000
    FAMILY PROMISE OF YELLOWSTONE VALLEY
    10 S 26TH ST
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 50,000
    FAMILY RESEARCH COUNCIL
    801 G STREET NW
    WASHINGTON,DC20001     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 25,000
    FAMILY SERVICE
    PO BOX 1020
    BILLINGS,MT59103     		NONE PC CHARITABLE PURPOSE 10,000
    FATHERS IN THE FIELD
    6796 N FRANKLIN AVE
    LOVELAND,CO80538     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 200,000
    FELLOWSHIP BAPTIST CHURCH
    PO BOX 11889
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 5,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    526 STADLER
    HELENA,MT59601     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 25,000
    FELLOWSHIP OF CHRISTIAN COWBOYS
    4442 PENWELL BRIDGE ROAD
    BELGRADE,MT59714     		NONE CHARITABLE ORG CHARITABLE PURPOSE 2,000
    FIGHT THE NEW DRUG
    1680 S MAIN ST
    SALT LAKE CITY,UT84115     		NONE PC CHARITABLE PURPOSE 20,000
    FLATHEAD WARMING CENTER
    215 3RD AVE E
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 10,000
    FLORENCE CRITTENTON HOME & SERVICES
    901 NORTH HARRIS STREET
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 10,000
    FOCUS ON THE FAMILY
    8605 EXPLORER WAY
    COLORADO SPRINGS,CO80920     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 75,000
    FRIENDS IN FELLOWSHIP GREAT FALLS
    18 6TH ST
    GREAT FALLS,MT59401     		NONE PC CHARITABLE PURPOSE 3,500
    FRIENDS OF GALLATIN AND PARK
    311 W MAIN ST
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 1,000
    FRIENDSHIP HOUSE OF CHRISTIAN SERVICE
    3123 8TH AVE SOUTH
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 35,000
    GALLATIN COUNTY PUBLIC SAFETY FOUNDATION
    PO BOX 3612
    BOZEMAN,MT59772     		NONE PC CHARITABLE PURPOSE 25,000
    GALLATIN EMPIRE LIONS CLUB
    PO BOX 504
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 5,000
    GALLATIN VALLEY CHRISTIAN HOME
    PO BOX 7353
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 5,000
    GALLATIN VALLEY FOUNDATION FOR ECON DEV
    2015 CHARLOTTE ST STE 1
    BOZEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 2,500
    GALLATIN VALLEY LAND TRUST
    212 S WALLACE 102
    BOZEMAN,MT59715     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 5,000
    GALLATIN VALLEY YMCA
    PO BOX 10158
    BOZEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 10,000
    GLASGOW HIGH SCHOOL
    1601 COLUMBIA AVE
    GLASGOW,KY42141     		NONE PC CHARITABLE PURPOSE 2,660
    GRACE BIBLE CHURCH
    3625 S 19TH STREET
    BOZEMAN,MT59718     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 204,000
    GREAT FALLS CHILDREN'S RECEIVING HOME
    PO BOX 1061
    GREAT FALLS,MT59403     		NONE PC CHARITABLE PURPOSE 6,000
    GREAT FALLS PUBLIC SCHOOLS
    2601 8TH ST NE
    GREAT FALLS,MT59404     		NONE PC CHARITABLE PURPOSE 7,500
    GREAT FALLS RESCUE MISSION
    PO BOX 127
    GREAT FALLS,MT59403     		NONE PC CHARITABLE PURPOSE 40,000
    GREAT PLAINS GATHERING
    145 ALDERSON AVE
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 49,000
    GREATER IMPACT INC
    PO BOX 4199
    BOZEMAN,MT59772     		NONE PC CHARITABLE PURPOSE 3,000
    GREATER MISSOULA YOUTH FOR CHRIST
    1515 FAIRVIEW AVE SUITE 210
    MISSOULA,MT59801     		NONE PC CHARITABLE PURPOSE 25,000
    GRIZZLY CHRISTIAN FELLOWSHIP
    1919 NORTH AVE WEST
    MISSOULA,MT59803     		NONE PC CHARITABLE PURPOSE 4,000
    HABITAT FOR HUMANITY OF FLATHEAD
    2535 HWY 93 S
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 5,000
    HABITAT FOR HUMANITY OF MISSOULA
    3655 MT-200 E
    MISSOULA,MT59802     		NONE PC CHARITABLE PURPOSE 3,000
    HEART OF MONTANA LOVE
    214 WEST MAIN STREET SUITE 201
    LEWISTOWN,MT59457     		NONE PC CHARITABLE PURPOSE 1,533
    HELENA FOOD SHARE
    1616 LEWIS ST
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 5,000
    HEROS AND HORSES
    PO BOX 35
    MANHATTAN,MT59741     		NONE PC CHARITABLE PURPOSE 40,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 12,500
    HOOVER INSTITUTION
    1399 NEW YORK AVE NW 500
    WASHINGTON,DC20005     		NONE PC CHARITABLE PURPOSE 69,300
    HOPA MOUNTAIN
    234 E BABCOCK SUITE E
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 10,000
    INSPIRE PREGNANCY OUTREACH CENTER
    714 1ST AVE SOUTH
    LEWISTOWN,MT59457     		NONE PC CHARITABLE PURPOSE 5,000
    INTERMOUNTAIN CHILDREN'S HOME
    500 SOUTH LAMBORN
    HELENA,MT59601     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 20,000
    INTERMOUNTAIN OPERA
    PO BOX 37
    BOZEMAN,MT59771     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 15,000
    INTERNATIONAL STUDENTS INC
    PO BOX C
    COLORADO SPRINGS,CO809013000     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 50,000
    INTERVARSITY CHRISTIAN FELLOWSHIP
    PO BOX 7895
    MADISON,WI53707     		NONE PC CHARITABLE PURPOSE 12,500
    LAVIE DBA BILLINGS CRISIS PREG CTR INC
    2321 BROADWATER AVE
    BILLINGS,MT59102     		NONE PC CHARITABLE PURPOSE 15,000
    LIFE HOUSES
    PO BOX 758
    HELENA,MT59624     		NONE PC CHARITABLE PURPOSE 10,000
    LIGHTHOUSE CHRISTIAN HOME & SERVICES
    384 N SOMERS RD
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 4,000
    LOVE IN THE NAME OF CHRIST - GALLATIN CITY
    PO BOX 7117
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 50,000
    LOVE INC OF YELLOWSTONE COUNTY
    PO BOX 1254
    BILLINGS,MT59103     		NONE PC CHARITABLE PURPOSE 10,000
    LOVE THY NEIGHBOR
    PO BOX 847
    EATONTOWN,NJ07740     		NONE PC CHARITABLE PURPOSE 5,000
    MASTERS COLLEGE
    21726 PLACERITA CANYON RD
    SANTA CLARITA,CA91321     		NONE PC CHARITABLE PURPOSE 25,000
    MINISTRY TO STATE HELENA MONTANA
    PO BOX 890233
    CHARLOTTE,NC28289     		NONE PC CHARITABLE PURPOSE 1,500
    MISSIO DEI CHICAGO (UPTOWN)
    1242 W ADDISON
    CHICAGO,IL60613     		NONE PC CHARITABLE PURPOSE 21,500
    MISSION AVIATION FELLOWSHIP
    PO BOX 47
    NAMPA,ID83653     		NONE PC CHARITABLE PURPOSE 25,000
    MISSION VALLEY SENIOR CITIZENS INC
    528 MAIN ST
    RONAN,MT59864     		NONE PC CHARITABLE PURPOSE 5,500
    MISSOULA INTERFAITH COLLABORATIVE
    202 BROOKS ST
    MISSOULA,MT59801     		NONE CHARITABLE ORG CHARITABLE PURPOSE 15,000
    MONTANA CHAMBER FOUNDATION
    900 GIBBON ST
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 11,715
    MONTANA COUNCIL ON ECONOMIC EDUCATION
    409 LINFIELD HALL MSU 409
    BOZEMAN,MT59717     		NONE PC CHARITABLE PURPOSE 1,000
    MONTANA FAMILY INSTITUTE
    PO BOX 494
    LAUREL,MT59044     		NONE PC CHARITABLE PURPOSE 210,000
    MONTANA FFA FOUNDATION INC
    502 S 19TH AVE STE 102
    BOZEMAN,MT59718     		NONE CHARITABLE ORG CHARITABLE PURPOSE 10,000
    MONTANA HIGHER ED STUD ASSIS CORP
    PO BOX 5209
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 63,000
    MONTANA METH PROJECT
    PO BOX 8944
    MISSOULA,MT59807     		NONE PC CHARITABLE PURPOSE 150,000
    MONTANA SCHOOL FOR THE DEAF AND BLIND
    3911 CENTRAL AVE
    GREAT FALLS,MT59405     		NONE PC CHARITABLE PURPOSE 9,000
    MONTANA SHAKESPEARE IN THE PARKS
    P O BOX 174120
    BOZEMAN,MT59717     		NONE PC CHARITABLE PURPOSE 31,000
    MONTANA STATE UNIVERSITY ALUMNI FOUNDATION
    PO BOX 172750
    BOZEMAN,MT59717     		NONE CHARITABLE ORG CHARITABLE PURPOSE 1,450,000
    MONTANA TECH FOUNDATION
    1300 WEST PARK STREET
    BUTTE,MT59701     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 103,488
    MONTANA THEATERWORKS - ELLEN THEATER
    17 W MAIN ST
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 10,000
    MORNING STAR BAPTIST CHURCH
    200 MEDICINE LODGE DR
    LAME DEER,MT59043     		NONE PC CHARITABLE PURPOSE 8,074
    MSU BILLINGS CHI ALPHA
    1500 UNIVERSITY DR
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 3,000
    MSU EXTENSION OFFICE
    PO BOX 170535
    BOZEMAN,MT59717     		NONE PC CHARITABLE PURPOSE 1,000
    MT LEARNING CENTER AT CANYON FERRY LAKE
    7653 CANYON FERRY RD
    HELENA,MT59602     		NONE PC CHARITABLE PURPOSE 5,000
    NACDC FINANCIAL SERVICES
    101 PATA ST
    BROWNING,MT59417     		NONE PC CHARITABLE PURPOSE 2,000
    NEW HOPE CLINIC
    320 S IDAHO ST
    BUTTE,MT59701     		NONE PC CHARITABLE PURPOSE 7,500
    NEW HOPE PREGNANCY SUPPORT CTR OF DILLON
    610 MONTANA ST STE 6
    DILLON,MT59725     		NONE PC CHARITABLE PURPOSE 10,000
    OMF INTERNATIONAL
    10 W DRY CREEK
    LITTLEON,CO80120     		NONE PC CHARITABLE PURPOSE 3,000
    OPTION WOMEN'S CLINIC
    1005 PARTRIDGE PLACE STE 1
    HELENA,MT59602     		NONE PC CHARITABLE PURPOSE 10,000
    OUTFITTERS FOR CHRIST
    PO BOX 140
    YAMPA,CO80483     		NONE PC CHARITABLE PURPOSE 10,000
    OUTREACH CLINIC OF MILES CITY
    516 PLEASANT ST
    MILES CITY,MT59301     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 23,200
    P31 MINISTRIES
    869 SLEEPING CHILD RD
    HAMILTON,MT59840     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 40,000
    PACIFIC NW ADULT AND TEEN CHALLENGE
    6902 SE LAKE RD STE 300
    MILWAUKIE,OR97267     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 25,000
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET SUITE 550 SOUTH
    WASHINGTON,DC20036     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 25,000
    R4C (RENEGADES 4 CHRIST)
    1844 BROADWATER SUITE 5
    BILLINGS,MT59102     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 29,000
    RAFIKI FOUNDATION
    PO BOX 1988
    EUSTIS,FL327271988     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 350,000
    REACH HIGHER MONTANA
    44 W 6TH AVE
    HELENA,MT59601     		NONE CHARITABLE ORG CHARITABLE PURPOSE 89,000
    REBOOT ALLIANCE
    PO BOX 381
    PLEASANT VIEW,TN37146     		NONE PC CHARITABLE PURPOSE 13,500
    RELATIONAL WISDOM 360
    4460 LAREDO PLACE
    BILLINGS,MT59106     		NONE PC CHARITABLE PURPOSE 10,000
    RIPE FOR HARVEST
    PO BOX 487
    MONUMENT,CO80132     		NONE PC CHARITABLE PURPOSE 3,000
    ROC WHEELS
    250 SHEPHERD TRAIL UNIT A
    BOSEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 20,000
    ROCKY MOUNTAIN BALLET THEATER
    2704 BROOKS
    MISSOULA,MT59801     		NONE PC CHARITABLE PURPOSE 10,000
    ROCKY MOUNTAIN COLLEGE
    1511 POLY DR
    BILLINGS,MT59102     		NONE PC CHARITABLE PURPOSE 30,000
    ROCKY MOUNTAIN MINISTRIES
    845 HYDE AVE
    POCATELLO,ID83201     		NONE PC CHARITABLE PURPOSE 2,000
    SACRED PORTION
    PO BOX 11486
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 6,000
    SAMARITAN'S PURSE OPER CHRISTMAS CHILD
    PO BOX 3000
    BOONE,NC28607     		NONE PC CHARITABLE PURPOSE 3,500
    SENTINEL HIGH SCHOOL
    901 SOUTH AVE W 7910
    MISSOULA,MT59801     		NONE PC CHARITABLE PURPOSE 1,500
    SPARROW'S NEST OF NORTHWEST MT
    PO BOX 8384
    KALISPELL,MT59904     		NONE PC CHARITABLE PURPOSE 10,000
    SPECIAL OLYMPICS MONTANA
    PO BOX 3507
    GREAT FALLS,MT59401     		NONE PC CHARITABLE PURPOSE 20,000
    ST CATHERINE CLINIC AND PREG RES CTR
    15 EAST MAIN STREET
    BELGRADE,MT59714     		NONE PC CHARITABLE PURPOSE 35,159
    STILLWATER YOUTH CENTER INC
    1036 1/2 PIKE AVE po BOX 1148
    COLUMBUS,MT59019     		NONE PC CHARITABLE PURPOSE 10,000
    STUDENTS FOR LIFE OF AMERICA
    4755 JEFFERSON DAVIS HWY
    FREDERICKSBURG,VA22408     		NONE PC CHARITABLE PURPOSE 2,000
    THE CHILDREN'S SHAKESPEARE SOCIETY
    1627 W MAIN ST 281
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 5,000
    THE COMMIT FOUNDATION
    3169 SUMMER VIEW LANE
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 20,000
    THE CONNECTION YOUTH CENTER
    616 W GRAND RIVER AVE
    HOWELL,MI48843     		NONE PC CHARITABLE PURPOSE 10,500
    THE FAITH AND LAW PROJECT
    PO BOX 7585
    ARLINGTON,VA22207     		NONE PC CHARITABLE PURPOSE 10,000
    THE FELLOWSHIP HALL
    2165 DURSTON RD
    BOZEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 8,000
    THE ROCK YOUTH CENTER
    214 N 11th
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 10,000
    THE SALVATION ARMY A CALIFORNIA CORP
    1370 PENNSYLVANIA ST
    DENVER,CO80203     		NONE PC CHARITABLE PURPOSE 35,000
    THE VERITAS FORUM
    ONE BROADWAY 14TH FLOOR
    CAMBRIDGE,MA02142     		NONE PC CHARITABLE PURPOSE 125,000
    THE WAY CHRISTIAN SCHOOL
    27 MERRILL LANE
    LIVINGSTONE,MT59047     		NONE PC CHARITABLE PURPOSE 11,221
    TIKKUN OLAM MINISTRIES
    PO BOX 999
    FORT BENTON,MT59442     		NONE PC CHARITABLE PURPOSE 50,000
    TUMBLEWEED RUNAWAY PROGRAM INC
    505 N 24TH ST
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 10,000
    UNION GOSPEL MISSION OF MISSOULA
    506 TOOLE AVE STE B
    MISSOULA,MT59802     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 175,000
    UNIVERSITY OF MONTANA FOUNDATION
    PO BOX 7159
    MISSOULA,MT598077159     		NONE PC CHARITABLE PURPOSE 60,123
    WARRIORS AND QUIET WATERS FOUNDATION
    351 EVERGREEN DR STE A
    BOZEMAN,MT59715     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 1,000
    WATSON CHILDREN'S SHELTER
    4978 BUCKHOUSE LANE
    MISSOULA,MT59804     		NONE PC CHARITABLE PURPOSE 50,000
    YELLOWSTONE BOYS & GIRLS RANCH FOUNDATION
    PO BOX 80807
    BILLINGS,MT591080807     		NONE PC CHARITABLE PURPOSE 45,000
    YES YOUTH EMPOWERMENT SERVICES
    1410 W PARK PO BOX 686
    ANANCONDA,MT59711     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 10,000
    YOUNG LIFE
    PO BOX 520
    COLORADO SPRINGS,CO80901     		NONE PC CHARITABLE PURPOSE 34,000
    YOUR NETWORK OF PRAISE
    PO BOX 2426
    HAVRE,MT59501     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 6,000
    YOUTH ENTERPRENEURS INC
    4111 E 37TH ST N D101
    WICHITA,KS67220     		NONE PC CHARITABLE PURPOSE 387,500
    ZOECARE
    2251 W KAGY BLVD 2
    BOZEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 17,500
    Total .................................bullet 3a 9,136,212
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 3,665,350  
    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     16 760  
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 5,651,181  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aORDINARY INCOME OTHER INVESTMENTS-MARK TO MARKET     		    18 2,018,086  
    bORDINARY INCOME OTHER INVESTMENTS     18 143,749  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   11,479,126  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,479,126
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    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 (2019)
    Additional Data


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    Special Condition Description