2022-08-31T14:36:00-05:00 2022-04-30 450250958 Eide Bailly LLP 401 N 31st St Ste 1120 Billings MT 591011281 990PF 2021-05-01 816075761 Charles M Bair Family Trust C/O US Bank CHAR 4066578139 303 N Broadway Billings MT 59101 Carolyn O'Malley Trustee 4066578139 2022-08-17 1 Carolyn OMalley 999009999 Kayleen Masters CPA P01318885 4068962400 2022-08-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X 23024523 X 1100000 8938 8938 317717 317717 366641 2940458 366641 31411 19744 1824707 713040 0 0 0 243712 0 243712 5861 0 5861 1815 0 1815 16050 0 16050 249045 51011 198034 2 2 0 176704 3995 120700 502977 0 502977 2444 0 2444 10379 9 10370 1208989 55017 1101963 1018673 998673 2227662 55017 2100636 -402955 658023 151117 129232 129232 3391935 3108907 2895568 8471723 7951227 10711197 3422499 3422499 3422499 3660286 18428746 18883700 5628240 33866020 33495565 23024523 0 0 X 33866020 33495565 0 0 0 0 33866020 33495565 33866020 33495565 33866020 -402955 32500 33495565 0 33495565 Publicly Traded Securities P 368989 442091 -73102 -73102 Publicly Traded Securities P 2468637 2131726 336911 336911 Capital Gains Dividends P 102832 102832 102832 366641 9147 0 9147 0 9147 35150 0 0 0 35150 0 26003 26003 0 0 0 0 0 0 0 0 0 0 0 1 1 MT 1 0 0 0 0 1 www.charlesmbairtrusts.org US Bank 4066578139 303 N Broadway Billings MT 59101 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gerry Fagan Moulton Bellingham PO Box 2559 Billings MT 59103 Chairman 15.00 0 0 0 Bill Davies US Bank 303 N Broadway Billings MT 59101 Vice Chairman 15.00 0 0 0 James Day US Bank 303 N Broadway Billings MT 59101 Secretary 15.00 0 0 0 Kelly Coleman 1333 Riviera Place Billings MT 59106 At Large Member - Yellowstone County 15.00 0 0 0 Burt Hurwitz 1486 Smith River Rd White Sulphur Springs MT 59645 At Large Member - Meagher County 15.00 0 0 0 NONE 0 US Bank 303 N Broadway Billings MT 59101 Trustee Services 204045 0 0 17385315 366494 0 17751809 14486187 0 17751809 266277 17485532 874277 874277 9147 9147 865130 32500 897630 0 897630 2100636 0 2100636 897630 704304 0 0 2100636 704304 0 1100000 296332 0 0 0 1100000 0 0 0 0 601298 1100000 0 0 Jason Jewett 302 N Last Chance Gulch Helena MT 59601 4064475253 jason.jewett@usbank.com Applicants must use the grant application found on the the website at charlesmbairtrusts.org/grants.html, noting any new provisions for the year. Additionally, the application must include an IRS Determination Letter, Form 990 or 990EZ, current operating budget and balance sheet, the county of service, a separate thorough project explanation, and certification of public charity status. March 1st Please refer to the application found at www.charlesmbairtrusts.org/grants.html for restrictions and limitations on awards. Alberta Bair Theater PO Box 1556 Billings MT 59103 None PC Grant for the remodel of the ABT and education outreach. 510000 Big Brothers & Sisters of Yellowstone County Inc 504B North 20th Billings MT 59101 None PC Grant support for one on one mentoring. 5850 Big Sky Science Education Enhancement Inc 3945 Teal Street Billings MT 59102 None PC Grant for Rocket Camp. 3000 Billings Catholic Schools PO Box 31158 Billings MT 59107 None PC Grant for stem enhancement learning. 15000 Billings Clinic Foundation 2917 10th Ave North Billings MT 59101 None PC Grant for lighthouse foster clininc. 13750 Billings Cultural Partners 622 North 29th Street Billings MT 59101 None PC Grant for Kid-Lit festival. 4500 Boys and Girls Club of Billings and Yellowstone County 505 Orchard Lane Billings MT 59107 None PC Grant for family clubhouse playground. 25000 Cine Billings 109 North 30th Street Billings MT 59101 None PC Grant for theater expansion. 25000 City County Preservation Committee PO Box 8 Harlowton MT 59036 None PC Grant for automatic sprinklers installation. 5000 City of Harlowton PO Box 292 Harlowton MT 59036 None PC Grant for city pool revitalization. 10000 City of White Sulphur Springs PO Box 358 White Sulphur Springs MT 59645 None PC Grant for McStravick Park Project 12500 Community Leadership Developement Inc PO Box 3381 Billings MT 59103 None PC Grant for outdoor experience project. 7500 Education Foundation of Billings Schools 415 N 30th St Billings MT 59101 None PC Grant for summer literacy program. 2000 Family Promise of Yellowstone Valley 40 10th Street West Billings MT 59102 None PC Grant for homeless family units. 10000 Friendship House of Christian Service 3123 8th Ave South Billings MT 59101 None PC Grant for gym floor replacement and playground. 10000 Harlo Theatre Project PO Box 288 Harlowton MT 59036 None PC Grant for school to work program. 5000 Harlowton Public Library PO Box 288 Harlowton MT 59036 None PC Grant for front door replacement. 19000 Harlowton Public Pool PO Box 292 Harlowton MT 59036 None PC Grant for pool. 30000 Meagher County 4-H Council PO Box 309 White Sulphur Springs MT 59645 None PC Grant for multi-purpose house for beef products. 10000 Meagher County Health Dept PO Box 309 White Sulphur Springs MT 59645 None PC Grant for child immunization program. 8000 Meagher County Senior Center PO Box 682 White Sulphur Springs MT 59645 None PC Grant for renovation, replacement, and repair plan. 10000 Montana Rescue Mission PO Box 3232 Billings MT 59103 None PC Grant for unified campus commercial laundry. 17500 Mountainview Medical Center Inc PO Box Q White Sulphur Springs MT 596450817 None PC Grant for nursing equipment. 10000 Red Ants Pants Foundation PO Box 637 White Sulphur Springs MT 59645 None PC Grant for girls leadership program. 7000 Rimrock Foundation 1231 North 29th Street Billings MT 59101 None PC Grant for new campus. 25000 Rocky Mountain College 1511 Poly Drive Billings MT 59102 None PC Grant for science enhancement development program. 31821 Saint Vincent de Paul 3005 1st Ave South Billings MT 59101 None PC Grant for freezer. 9752 St John's Lutheran Ministries 3940 Rimrock Road Billings MT 59102 None PC Grant for greenhouse. 12500 Wheatland Memorial Healthcare PO Box 287 Harlowton MT 590360287 None PC Grant for capital campaign. 25000 White Sulphur Springs Volunteer Fire Dept PO Box 309 White Sulphur Spring MT 59645 None PC Grant for ram and extension for extraction tool. 9000 Yellowstone Art Museum 401 North 27th Street Billings MT 59101 None PC Grant for exhibitions and facility maintenance. 12000 Yellowstone Boys and Girls Ranch 1732 South 72nd St W Billings MT 59105 None PC Grant for water tower restoration. 25000 YMCA of Billings 402 North 32nd St Billings MT 59101 None PC Grant for surveillance security system. 15000 Youth Dynamics 2334 Lewis Avenue Billings MT 59102 None PC Grant for youth case management. 10000 Youth Inc PO Box 843 WSS MT 59645 None PC Grant for backyard fence. 13000 YWCA of Billings 909 Wyoming Ave Billings MT 59101 None PC Grant to expand shelter capacity. 35000 998673 0 Gift Shop Sales 41 1362 Museum Admissions 11667 14 8938 14 317717 18 366641 Royalty Income 15 1509 Other Income 03 16873 0 713040 11667 724707 1b Revenue from admissions and memberships to the museum. 0 0 0 0 0 0 0 0 0 0 X X 1 Bair Ranch Foundation US Bank Trust PO Box 30678 Billings MT 591150678 1100000 X Accounting Fees 16050 0 16050 SECTION 4942(h)(2)ELECTION AS TO THE TREATMENT OF QUALIFYING DISTRIBUTIONS: Pursuant to IRC Section 4942(h)(2) and Regulation 53.4942(a)-3(d)(2), the Charles M. Bair Family Trust hereby elects to treat $1,100,000 of current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of corpus for the following tax years: Current 2021 tax year passthrough funds 1,100,000 Abbott Laboratories 57070 78429 Alphabet Inc Cl A 129664 228219 Amazon Com Inc 74370 193879 Amgen Inc 101188 108433 Apple Inc 2813 346830 Bank of America Corp 31332 93731 Blackrock Inc 45761 69339 Cisco Systems Inc 47754 95903 Cme Group Inc 58279 64486 Columbia Dividend Inc Fund Instl 669573 840638 Comcast Corp Class A 95724 79520 Costco Whsl Corp 36982 123891 Ecolab Inc 93414 78743 Gilead Sciences Inc 81663 73878 Home Depot Inc 63725 72697 Honeywell International Inc 81083 98884 Intel Corp 3438 33303 Ishares Core S P 500 Etf 279019 413560 Ishares Russell 1000 Growth 244289 334669 J P Morgan Chase Co 32809 112198 Johnson Johnson 21250 90050 Marathon Petroleum Corp 83339 160907 Mastercard Inc 10620 169335 Microsoft Corp 3335 350508 Paypal Holdings Inc 40079 25148 Pfizer Inc 52156 95441 Roper Technologies Inc Com 58774 71898 Salesforce Com Inc 97172 84451 Schwab Charles Corp 49957 114220 Starbucks Corp 6147 28587 Target Corp 37908 82085 Texas Instruments Inc 39907 59928 Unitedhealth Group Inc 37345 95099 Walmart Inc 17686 81697 3M Co 18142 43266 Albemarle Corp 48270 107021 Ishares Russell Mid Cap 1016654 1265656 Ishares Russell Mid Cap Value 409686 449640 Stephens Mid Cap Growth R5 493268 515091 Ishares Russell 2000 658385 693193 Chubb Ltd 66825 107354 Clearbridge International Growth 469826 447545 Ishares Core Msci Eafe 597940 652831 Ishares Msci Eafe Value 475743 466719 Linde Plc 30820 35875 Medtronic Plc 41139 58024 Ishares Core Msci Emerging Mkts 786749 742420 Meta Platforms Inc 52155 75978 3108907 2895568 0 0 Legal Fees 1815 0 1815 American Tower Corp 55075 55075 109664 Ishares Core US Reit 182087 182087 208716 Nuveen Real Estate Secs I 139692 119646 158232 Schwab US Reit 163059 163059 195725 Collectible Good - American Indian Art 303278 303278 386825 Collectible Good - Furniture and Decorations 557319 557319 465775 Collectible Good - Paintings and Watercolors 1815142 1815142 2881200 Collectible Good - Photogravures Prints and Books 442956 442956 339000 Collectible Good - Silver and Silver Plate 283951 283951 402610 Bair Ranch Foundation 14486187 14486187 0 Commodities 475000 480493 Advertising 9070 0 9070 Other Museum Expenses 1309 9 1300 Gift Shop Sales 1362 1362 1362 Museum Admissions 11667 11667 Royalty Income 1509 1509 1509 Other Income 16873 16873 16873 Recovery of prior year grants 32500 Trustee Fees 204045 51011 153034 Appraisal Fee 45000 0 45000 The Charles M. Bair Family Trust has a membership interest in another private foundation, The Bair Ranch Foundation. The Bair Ranch Foundation makes annual distributions based on the value of its assets. The contributions made to the Charles M. Bair Family Trust from the Bair Ranch Foundation are treated as pass through contributions. Accordingly, the value of the membership interest is not included as it is considered an exempt asset and to include the value here would result in duplication.As to the value of the membership interests, book value has been utilized throughout this Return of the Private Foundation. The membership interest is not transferrable or sellable and these restrictions create a situation whereby the true value is not easily determinable. Since it is an exempt asset the value is not a significant issue. Accordingly, book value has been used. Foreign Taxes 3995 3995 0 Payroll Taxes 120700 0 120700 Federal Income Tax 52009 0 0