2021-09-13T10:24:29-05:00 2021-04-30 450250958 Eide Bailly LLP 401 N 31st St Ste 1120 Billings MT 591011281 990PF 2020-05-01 816075761 Charles M Bair Family Trust C/O US Bank CHAR 4066578139 303 N Broadway Billings MT 59101 Carolyn O'Malley Trustee 4066578139 2021-09-10 1 Carolyn OMalley 999009999 Jeremy G Hauk CPA P00626792 4068962400 2021-09-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X 26981558 X 900000 24737 24737 258322 258322 1776839 9585892 1776839 25427 20382 2985325 2080280 400 200 200 205917 0 205917 4734 0 4734 16121 0 16121 219135 54724 164411 135446 3855 118215 454408 0 454408 150 0 150 4434 0 4434 1040745 58779 968590 924290 924290 1965035 58779 1892880 1020290 2021501 114291 151117 151117 4804113 3391935 3411940 5921354 8471723 12608641 3422499 3422498 3422499 3660215 18583474 18428746 7149645 32845730 33866020 26981558 0 0 X 32845730 33866020 0 0 0 0 32845730 33866020 32845730 33866020 32845730 1020290 0 33866020 0 33866020 Publicly Traded Securities P 2020-05-01 2021-04-30 4038284 3795632 242652 242652 Publicly Traded Securities P 2008-11-04 2021-04-30 5521951 4013421 1508530 1508530 Capital Gains Dividends P 25657 25657 25657 1776839 28099 0 28099 0 28099 11240 0 0 0 11240 0 16859 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 Valeria Jeffries thru Feb 2021 5849 Frey Road Shepherd MT 59079 At Large Member - Yellowstone County 15.00 200 0 0 Dave Voldseth thru Feb 2021 256 Bonanza Creek Road Martinsdale MT 59053 At Large Member - Meagher County 15.00 200 0 0 Kelly Coleman from March 2021 1333 Riviera Place Billings MT 59106 At Large Member - Yellowstone County 15.00 0 0 0 Burt Hurwitz from March 2021 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 212985 0 0 15193836 499226 0 15693062 14486187 0 15693062 235396 15457666 772883 772883 28099 28099 744784 0 744784 0 744784 1892880 0 1892880 0 1892880 744784 720983 0 0 1892880 720983 0 1131417 40480 0 0 0 1131417 0 0 0 0 704304 1131417 0 0 Penny Doak 303 N Broadway Billings MT 59115 4066578139 penny.doak@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. 500000 Alberta Bair Theater PO Box 1556 Billings MT 59103 NONE PC Grant for Expanding Cultural Borders. 20000 Big Sky Economic Development 222 N 32nd Street Billings MT 59101 None PC Grant for Pitch Space. 6040 Billings Catholic Schools PO Box 31158 Billings MT 59107 None PC Grant for elevator installation. 25000 Billings Clinic Foundation 2917 10th Ave North Billings MT 59101 None PC Grant for outpatient pediatric therapy program. 26000 Billings Cultural Partners 622 North 29th Street Billings MT 59101 none PC Grant for bookfest. 4000 Billings Studio Theatre 1500 Rimrock Road Billings MT 59102 none PC Grant for large theatrical curtains. 5500 Billings Symphony 2721 2nd Avenue North Suite 350 Billings MT 59101 None PC Education & outreach for explore music program. 10000 Boys and Girls Club of Billings and Yellowstone County 505 Orchard Lane Billings MT 59107 None PC Grant for 15 passenger van. 13750 Cine Billings 109 North 30th Street Billings MT 59101 NONE PC Grant for theater expansion. 10000 City County Preservation Committee PO Box 8 Harlowton MT 59036 None PC Grant for new hvac system for 2 rooms. 10000 City of Harlowton PO Box 292 Harlowton MT 59036 None PC Grant for city pool revitalization. 25000 City of White Sulphur Springs PO Box 358 White Sulphur Springs MT 59645 None PC Grant for McStravick Park project. 12500 City of White Sulphur Springs PO Box 358 White Sulphur Springs MT 59645 None PC Grant for jaws of life. 10000 Education Foundation of Billings Schools 415 N 30th St Billings MT 59101 NONE PC Grant for summer literacy program. 2000 Family Services Inc PO Box 1020 Billings MT 59103 none PC Grant for families stability. 10000 Girl Scouts of Montana and Wyoming 2303 Grand Avenue Billings MT 59102 None PC Grant for mobile stem learning center. 7500 Living Independently Today and Tomorrow Lift 1201 Grand Avenue Suite 1 Billings MT 59102 None PC Grant for software for ADA accessibility. 10000 Meagher County Senior Center PO Box 682 White Sulphur Springs MT 59645 None PC Grant for new roof on facility. 10000 Meagher County PO Box 309 White Sulphur Springs MT 59645 None PC Grant for DES mobile emergency center. 30000 Meagher County PO Box 309 White Sulphur Springs MT 59645 none PC Grant for immunization program. 8000 Mountainview Medical Center Inc PO Box Q White Sulphur Springs MT 596450817 None PC Grant for nursing equipment. 5000 MSU Billings Foundation 1500 University Dr Billings MT 59101 none PC Grant for neurodiversity institute. 10000 Red Ants Pants Foundation PO Box 637 White Sulphur Springs MT 59645 None PC Grant for girls leadership program. 6500 Riverstone Health Foundation 123 S 27th St Billings MT 59101 none PC Grant for weight management program. 10000 St John's Lutheran Ministries 3940 Rimrock Road Billings MT 59102 None PC Grant for Lillis Chapel AV upgrade. 7500 St Vincent Healthcare Foundation 1106 North 30th Billings MT 59101 None PC Grant for pediatric specialty clinic. 25000 Town of Judith Gap PO Box 157 Judith Gap MT 59453 none PC Grant for storage facility interior improvements. 10000 Wheatland Memorial Healthcare PO Box 287 Harlowton MT 590360287 none PC Grant for physical therapy outpatient clinic. 35000 Yellowstone Art Museum 401 North 27th Street Billings MT 59101 None PC Grant for exhibitions and facility maintenance. 20000 Yellowstone Boys and Girls Ranch 1732 South 72nd St W Billings MT 59105 None PC Grant for replacement of builders. 15000 Yellowstone Casa Inc PO Box 688 Billings MT 59103 None PC Grant for foster children program support. 5000 YMCA of Billings 402 North 32nd St Billings MT 59101 none PC Grant for summer camp. 7500 YWCA of Billings 909 Wyoming Ave Billings MT 59101 none PC Grant to expand shelter capacity. 2500 Zoo Montana 2100 South Shiloh Road Billings MT 59106 none PC Grant for zoo pavilion enclosure. 10000 924290 0 Museum Admissions & Memberships 5045 Gift Shop Sales 41 3827 14 24737 14 258322 18 1776839 Royalty Income 15 70 Other Income 03 16485 0 2080280 5045 2085325 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 900000 X Accounting Fees 16121 0 16121 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 $1,131,417 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: Remaining 2019 tax year passthrough funds 231,417 Current 2020 tax year passthrough funds 900,000 Total 1,131,417 Abbott Laboratories 57070 82975 Alphabet Inc Cl A 9325 120029 Amazon Com Inc 74370 270459 Amgen Inc 57313 67579 Apple Inc 3250 334171 At T Inc 86462 84053 Bank of America Corp 31332 106472 Blackrock Inc 45761 90942 Cisco Systems Inc 47754 99682 Cme Group Inc 58279 59385 Columbia Dividend Inc Fund Instl 669573 826575 Comcast Corp Class A 59248 75690 Costco Whsl Corp 36982 86697 Ecolab Inc 41597 48858 Electronic Arts Inc 10877 16908 Facebook Inc Class A 52155 123205 Gilead Sciences Inc 46624 45698 Home Depot Inc 63725 78328 Honeywell International Inc 81083 113973 Intel Corp 3438 43953 Ishares Core S P 500 Etf 378937 529464 Ishares Russell 1000 Growth 244289 356623 J P Morgan Chase Co 32809 144581 Johnson Johnson 21250 81202 Marathon Petroleum Corp 83339 102619 Mastercard Inc 10620 178040 McDonalds Corp 9724 43203 Microsoft Corp 3335 318503 Nike Inc 6121 38858 Paypal Holdings Inc 40079 75015 Pepsico Inc 22505 75540 Pfizer Inc 52156 75174 Roper Inds Inc 58774 68305 Salesforce Com Inc 97172 110554 Schwab Charles Corp 49957 121229 Starbucks Corp 6147 43850 Target Corp 37908 74406 Texas Instruments Inc 39907 63540 Unitedhealth Group Inc 37345 74576 Vanguard Growth Index Fund 253050 358627 Walmart Inc 17686 74712 Walt Disney Co The 5337 33670 3M Co 51436 102907 Albemarle Corp 27493 72313 Cabot Oil Gas Corp Cl A 44069 39541 Ishares Russell Mid Cap 1016655 1366044 Ishares Russell Mid Cap Value 263631 316711 Stephens Mid Cap Growth R5 557756 712851 Teladoc Inc 70409 58427 Vanguard Midcap Value Index Admiral 310347 389307 Ishares Russell 2000 658385 842888 Chubb Ltd 24660 44099 Clearbridge International Growth 469826 552450 Ishares Core Msci Eafe 597940 748525 Ishares Msci Eafe Value 475743 508729 Linde Plc 30820 32872 Medtronic Plc 41139 72791 Ishares Core Msci Emerging Mkts 786749 930263 3391935 3411940 0 0 Real Estate & Other Assets 18583474 American Tower Corp 55075 115920 Ishares Core US Reit 182087 190867 Nuveen Real Estate Secs I 139692 185402 Schwab US Reit 163059 181156 Collectible Good - American Indian Art 303278 535675 Collectible Good - Furniture and Decorations 557319 588415 Collectible Good - Paintings and Watercolors 1815142 4816200 Collectible Good - Photogravures Prints and Books 442956 37500 Collectible Good - Silver and Silver Plate 283951 498510 Bair Ranch Foundation 14486187 0 Advertising 3341 0 3341 Other Museum Expenses 1093 0 1093 Museum Admissions & Memberships 5045 5045 Gift Shop Sales 3827 3827 3827 Royalty Income 70 70 70 Other Income 16485 16485 16485 Trustee Fees - US Bank 212985 53286 159699 Trustee Fees - Moulton Bellingham 6150 1438 4712 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 3855 3855 0 Payroll Taxes 118215 0 118215 Federal Excise Tax 13376 0 0