2014-04-15T12:54:24-07:00 2013-05-31 990 2012-06-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706985 900 State Street Salem OR 97301 Arnold Yasinski 5033706728 2014-04-15 2012 2015-11-30 17:44:51Z Stephen E Thorsett 900 State Street Salem OR 97301 240751414 0 X www.willamette.edu X 1842 OR Willamette University provides rigorous education in the liberal arts and selected professional fields. Teaching and learning, strengthened by scholarship and service, flourish in a vibrant campus community. A Willamette education prepares graduates to transform knowledge into action and lead lives of achievement, contribution and meaning. 35 31 2754 400 -93344 -95066 12838622 12079301 117246102 122234655 5485914 9502257 682236 2391349 136252874 146207562 42835237 44729872 0 0 57338308 59919740 0 0 2052517 38333844 37258129 138507389 141907741 -2254515 4299821 414649915 430164245 100097675 100805623 314552240 329358622 Willamette University provides rigorous education in the liberal arts and selected professional fields. Teaching and learning, strengthened by scholarship and service, flourish in a vibrant campus community. A Willamette education prepares graduates to transform knowledge into action and lead lives of achievement, contribution and meaning. 0 0 122331870 44729872 106024439 Higher Education: Instruction and Support: 1,901 in the College of Liberal Arts, 373 in the College of Law, 276 in the MBA programs and 105 in the Graduate School of Education. (2,655 students) 13202838 0 16210216 Higher Education: Auxiliary Functions - Includes room & board (for 1,350 students), bookstore, and summer conferences. 0 0 0 135534708 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 1 X 3687 0 1 2754 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 X 35 31 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CO OR WA X X X Kenneth L Pifer 5033706974 900 State Street Salem OR 97301 X James Albaugh 1 0 X 0 0 0 Julie Branford 1 0 X 0 0 0 Truman Collins 1 0 X 0 0 0 James Cuno 1 0 X 0 0 0 Heather Dempsey 1 0 X 0 0 0 Paul DeMuniz - See Schedule O 5 0 X 11500 0 0 James Fitzhenry 1 0 X 0 0 0 Eric Friedenwald-Fishman 1 0 X 0 0 0 A Brian Gard 1 0 X 0 0 0 William R Haden 1 0 X 0 0 0 Grant Hagiya 1 0 X 0 0 0 Melvin Henderson-Rubio 1 0 X 0 0 0 Dale Hermann 1 0 X 0 0 0 Joseph Hoffman 1 0 X 0 0 0 Brian Hufft 1 0 X 0 0 0 Mary Hughes 1 0 X 0 0 0 Ronald J Knox 1 0 X 0 0 0 Eva M Kripalani 1 0 X 0 0 0 Heidi Patterson 1 0 X 0 0 0 Craig Pesti-Strobel 1 0 X 0 0 0 Punit Renjen 1 0 X 0 0 0 Sandra M Rowe 1 0 X 0 0 0 Jacqueline Rushing 1 0 X 0 0 0 Lynne Saxton 1 0 X 0 0 0 Kevin R Smith 1 0 X 0 0 0 Melissa L Smith 1 0 X 0 0 0 Patricia Smullin 1 0 X 0 0 0 Guy Stephenson 1 0 X 0 0 0 Patrick J Waite 1 0 X 0 0 0 Roderick Wendt 1 0 X 0 0 0 Melissa Wilmot 1 0 X 0 0 0 Dale Harris 1 0 X 0 0 0 George Hoyt 1 0 X 0 0 0 Joan McNamara 1 0 X 0 0 0 Claris Poppert 1 0 X 0 0 0 Donald Brown 1 0 X X 0 0 0 Dale Sause 1 0 X X 0 0 0 Kerry Tymchuk 1 0 X X 0 0 0 Steven Wynne 1 0 X X 0 0 0 Stephen E Thorsett 40 0 X X 375991 0 114253 William A Yasinski 40 0 X X 257947 0 88310 Kristen Grainger 40 0 X 168042 0 31476 Peter Letsou 40 0 X 254393 0 48711 Marlene Moore 40 0 X 207386 0 27000 Debra Ringold 40 0 X 235242 0 34112 Symeon Symeonides 40 0 X 234992 0 45561 Yvonne Tamayo 40 0 X 186107 0 21780 James Nafziger 40 0 X 180980 0 26269 Jeffrey Standen 40 0 X 177203 0 42532 Robert Olson 40 0 X 145591 0 57413 David Douglass 40 0 X 172580 0 26197 2607954 0 563614 83 1 1 0 FXG Construction LLC 1235 19th Street NE Salem OR 97301 Construction 896750 Commonfund 15 Old Danbury Road PO Box 812 Wilton CT 06897 Endowment investment management 249933 Cadent Energy Partners I LP 4 High Ridge Park Ste 303 Stamford CT 06905 Investment management 138961 Brian Joynt 14300 West Bell Rd Unit 37 Surprise AZ 85374 Electrical Contractor 129849 KPMG LLP 1300 SW 5th Ste 3800 Portland OR 97201 Auditors 107135 5 0 0 51210 0 1779281 10248810 1447492 12079301 Tuition and fees 611310 106024439 106024439 0 0 Room and Board fees 721310 13918800 13918800 0 0 Auxiliary income 611710 2291416 2291416 0 0 0 0 0 0 122234655 1745995 0 0 1745995 1746 0 0 1746 20214 0 0 20214 0 0 102266431 0 94511915 0 7754516 0 7754516 0 0 7754516 52535 51210 31937 20598 0 20598 Other income 900099 1307744 0 0 1307744 Adj related to trusts & annuities 900099 1136137 0 0 1136137 Loss Other Endowment Investment 900099 -93344 0 -93344 0 0 0 0 0 2350537 146207562 122234655 -93344 11986950 11500 11500 43253086 43253086 1465286 1465286 0 0 1157287 602011 555276 0 533470 0 533470 0 43953063 41529244 1166161 1257658 3966954 3768045 84685 114224 7038680 6663985 174522 200173 3270286 3034398 145136 90752 0 0 0 0 111116 0 105623 5493 140728 0 140728 0 0 0 0 0 0 0 434920 0 434920 0 1139026 977850 93861 67315 483403 471575 0 11828 2451215 2163644 90774 196797 1229447 1211810 11929 5708 0 0 0 0 134304 134304 0 0 2511942 2383037 34335 94570 0 0 0 0 78209 0 78209 0 2716696 2716696 0 0 0 0 0 0 5284524 5284524 0 0 689894 34451 655443 0 Designated and restricted expenses 5360792 5360792 0 0 Programming and Study Abroad Program 4953691 4953691 0 0 Food Service 3375570 3375570 0 0 Utilities 2372948 2372948 0 0 3789704 3766261 15444 7999 141907741 135534708 4320516 2052517 23801031 29213706 8985833 8120147 1923910 1574961 9664454 8033662 510550 507707 365069 468880 227192170 86392405 141108500 140799765 118103175 129367898 109281294 109638880 906099 2438639 414649915 430164245 18581506 19489291 0 0 2516591 2073951 63480603 62385618 0 0 0 0 67624 0 0 0 15451351 16856763 100097675 100805623 X 40638014 46437479 142888429 147733056 131025797 135188087 314552240 329358622 414649915 430164245 4299821 10506561 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94568 3625314 0 0 X X 0 213765462 2007611 20404995 4824897 8430489 434920 222487762 238639755 1798414 -12718310 4881878 8698764 373755 213765462 215471491 3232101 34515481 5099917 9052579 426822 238639755 197933688 2383021 31018728 5399820 9450582 1013544 215471491 267209451 2929983 -58175666 5021560 8380073 628447 197933688 0.07 0.93 0 1 0 0 8607797 8607797 0 159161696 51120857 108040839 0 12814940 9006243 3808697 0 5687687 4275133 1412554 0 40920050 21990172 18929878 140799765 0 0 Hedge funds 52951618 F Private Equity funds 30392687 F Real Asset funds 16493432 F Venture Capital funds 9801143 F 109638880 0 Annuities and trusts payable 9834167 U.S. Government loan advances refundable 7022596 16856763 X 111725479 10506561 0 0 0 10506561 101218918 434920 44553724 44988644 146207562 96919097 0 0 0 31937 31937 96887160 434920 44585661 45020581 141907741 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Willamette University has a collection of art and cultural/historical artifacts that consists of paintings, photographs, ceramics, drawings, archaeological artifacts, textiles, sculptures, Native American woven baskets, and other media. The collection is valued at $3,625,314 and is held in the University Art Museum. The museum exists to support the liberal arts curriculum of Willamette University, and to serve as an intellectual and cultural resource for the City of Salem and beyond, through the collection, preservation, exhibition, and interpretation of historical and contemporary art with an emphasis on regional art. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The endowment funds held by the University are used to support operations including financial aid, instruction, and buildings. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Internal Revenue Service has recognized the University as exempt from tax under the provisions of Section 501(c) (3) of the Internal Revenue Code except to the extent of unrelated business income under Sections 511 through 515. Unrelated business income tax is insignificant, and therefore, no tax provision has been made. Accounting principles generally accepted in the United States of America require the University's management to evaluate tax positions taken by the University and recognize a tax liability (or asset) if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed tax positions taken by the University and has concluded as of May 31, 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University's management believes it is no longer subject to income tax examinations for years prior to fiscal 2009. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Student scholarships of $44,585,661 are net against tuition and fees on the Financial Statement's Statement of Activities to show net tuition and fees. Tuition and fees are grossed up by this amount in Part VIII of the 990 which increases the revenue amount on Line 12. In addition, fundraising direct expenses of $31,937 are included in the calculation of total revenue as reported in Part VIII, Line 12, but are not included in revenue on the Statement of Activities. Thus, revenue in Part VIII of the 990 is decreased by this amount. The net effect of these two items is an increase in revenue in part VIII of the 990 of $44,553,724. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Direct expenses for fundraising events totaling $31,937 are included in expenses on the Statement of Activities in the audited financial statements. However, they are not included in Part IX of the 990. Rather, they are included in the calculation of total revenue in Part VIII. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student scholarships of $44,585,661 are netted against tuition and fees on the Statement of Activities to reduce total revenue on the audited financial statements. They are not included in total expenses on the Statement of Activities. Whereas, student scholarships are reported as an expense in Part IX of the 990 and are included in total expenses as reported on Line 25. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The University posted its policy in the Oregonian newspaper during the period of solicitation for students. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The University receives Title IV funds for financial aid purposes, as well as federal and state grants for faculty research and programming purposes. 1 Central America and the Caribbean Investments 66163000 Europe (including Iceland and Greenland) Investments 5927000 Europe (including Iceland and Greenland) 1 2 Program Services Study Abroad Program 1194175 Europe (including Iceland and Greenland) 0 0 Grantmaking 869420 East Asia and the Pacific 0 0 Grantmaking 357990 East Asia and the Pacific 0 0 Program Services Study Abroad Program 107060 South America 0 0 Grantmaking 98500 Sub-Saharan Africa 0 0 Grantmaking 77375 Middle East and North Africa 0 0 Grantmaking 62001 1 2 74856521 Scholarships Europe (including Iceland and Greenland) 74 869420 Applied to student bill to offset tuition and fees Scholarships East Asia and the Pacific 29 357990 Applied to student bill to offset tuition and fees Scholarships South America 9 98500 Applied to student bill to offset tuition and fees Scholarships Sub-Saharan Africa 7 77375 Applied to student bill to offset tuition and fees Scholarships Middle East and North Africa 5 62001 Applied to student bill to offset tuition and fees 1 0 1 1 1 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 Scholarships/grants awarded to students that are studying abroad are applied to their student accounts. The scholarships offset tuition and fees to reduce the amount that students owe to the University. Thus, the students do not physically receive the money. So, there is not a need to have any procedures that differ from students that are attending on campus - other than the verification of participation and completion of the program. The following are the procedures followed by the University for monitoring the use of scholarship/grant funds: The Business Office notifies the Financial Aid Office of amounts available to award to students each academic year. Financial Aid Office selects recipients based upon criteria established for each type of funding. Financial Aid Office notifies the Business Office of expenditures for each term during the academic year. At year-end, Financial Aid Office and Business Office reconcile accounts for all funds. For donor-contributed scholarships (endowed or annually funded), the Development Office provides annual reports to the donors regarding the use of those funds. FORE Willamette 77745 36210 41535 0 0 11000 6476 0 10161 Believe in Me 26000 15000 11000 0 0 1000 2500 0 800 0 103745 51210 52535 0 0 12000 8976 0 10961 31937 20598 1 Salem Art Association 600 Mission Street SE Salem OR 97302 930421613 501(c)(3) 6000 Sponsorship of art fair and annual fundraiser. 1 0 Scholarships to students 2436 43120375 Student research grants 28 79058 Faculty research grants 15 45577 Other student awards & prizes 15 8076 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Procedures for monitoring of scholarships - The Business Office notifies the Financial Aid Office of amounts available to award to students each academic year. Financial Aid Office selects recipients based upon criteria established for each type of funding. Financial Aid Office notifies the Business Office of expenditures for each term during the academic year. At year-end, Financial Aid Office and Business Office reconcile accounts for all funds. For donor-contributed scholarships (endowed or annually funded), the Development Office provides annual reports to the donors regarding the use of those funds. -Procedures for monitoring research grants - There are several different departments that offer research grants at Willamette. Each department has different monitoring procedures for the use of grant funds. However, the monitoring procedures typically involve the following: a written and/or verbal report on the research project must be submitted during and/or at the conclusion of the project; receipts must be submitted for reimbursement of project expenditures. Final payment of grant funds is often contingent on the aforementioned items. The Department that awards the grants handles the related monitoring of those grant funds. Procedures for monitoring other student awards and prizes - Award/prize recipients are determined by criteria established by the respective departments. Departments work with the Accounting Office to make sure that the award funds are disbursed to the correct student. - Procedures for monitoring other student awards & prizes - Award/prize recipients are determined by criteria established by the respective departments. Departments work with the Accounting Office to make sure that the award funds go to the correct student. - Procedures for monitoring grants to organizations - the Office of the President selects organizations in the community to sponsor based upon established criteria. Typically, the mission and goals of the sponsored organization are related to those of the University. Sponsorships are centrally controlled through the President's Office. X X X X 0 1 X X X X X 0 1 0 0 0 0 0 0 0 Stephen E Thorsett 370443 0 0 0 5548 0 60875 0 53378 0 490244 0 0 0 William A Yasinski 248277 0 0 0 9670 0 25000 0 63310 0 346257 0 0 0 Kristen Grainger 137608 0 0 0 30434 0 14525 0 16951 0 199518 0 0 0 Peter Letsou 253078 0 0 0 1315 0 25000 0 23711 0 303104 0 0 0 Marlene Moore 201981 0 0 0 5405 0 20233 0 6767 0 234386 0 0 0 Debra Ringold 227755 0 0 0 7487 0 22889 0 11223 0 269354 0 0 0 Symeon Symeonides 231560 0 0 0 3432 0 24160 0 21401 0 280553 0 0 0 Yvonne Tamayo 185020 0 0 0 1087 0 12996 0 8784 0 207887 0 0 0 James Nafziger 176209 0 0 0 4771 0 17355 0 8914 0 207249 0 0 0 Jeffrey Standen 176425 0 0 0 778 0 16675 0 25857 0 219735 0 0 0 Robert Olson 144355 0 0 0 1236 0 14447 0 42966 0 203004 0 0 David Douglass 171763 0 0 0 817 0 17284 0 8913 0 198777 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a First class travel for business purposes was provided to the University President. The University President is required as a condition of employment to maintain a personal residence in a house provided by the University. The housing arrangement is for the convenience of the University and the house is used for University business. Club memberships were provided to the University President and the Dean of the Graduate School of Management. Personal services - housekeeping - were provided to the University President. SchJ_P01_S00_L01b Schedule J, Part I, Line 1b Items noted in 1a were provided based on employment agreements with the University President and other employees, and the University followed the provisions of these agreements regarding payment/reimbursement/provision of these items. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 The employment agreement for President Thorsett includes a position longevity bonus equal to 10% of the base salary amount for each of the five years following July 1, 2011, payable upon completion of five full years of employment as President. A State of Oregon - Oregon Facilities Authority 936001787 00068608J 2007-06-14 32409522 See Part VI of Schedule K 0 0 0 B State of Oregon - Oregon Facilities Authority 936001787 68608JMC2 2010-05-06 28540002 See Part VI of Schedule K 0 0 0 A 715000 0 32409522 0 0 4954180 419966 0 0 23437177 0 0 2009 0 1 1 1 B 2010000 0 28540002 0 156603 15246364 373227 0 0 14892393 0 0 2012 0 1 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 0 0 0 0 0 1 GE Capitol 120109 1 0 1 B 0 1 0 0 0 0 0 0 1 A 0 B 0 SchK_P01_S00_L00f Schedule K, Part I, Column f Line a) - Bond issue date 6/14/2007, CUSIP 00068608J: The proceeds of the bonds were used to repay the outstanding line of credit, to finance the construction of five major projects, and to advance refund $8,400,000 of the Series 2004 bonds, which were issued on June 30, 2004. Line B) - Bond issue date 5/6/2010, CUSIP 68608JMC2: The proceeds of the bonds were used to repay the outstanding line of credit, to advance refund the remaining balances of the Series 2004 (issued June 30, 2004) and Series 2005 (issued 8/18/2005) bonds, to provide funding for several capital projects, and to assist with other facility upgrades and improvements. Brian Hoyt Son of trustee George Hoyt 118134 Employment 0 Mary DeMuniz Spouse of Trustee Paul DeMuniz 49461 Employment 0 Kari Maurer Daughter of Former Officer Robert Olson 46525 Employment 0 X 34 94568 Opinion of Experts X 149014 Sales of comparable books X 29 1192541 Selling price X Musical Instruments 2 8200 Cost of donated items X Fundraiser items 10 1198 Cost of donated items X Physical Structures/Equipment 2 1200 Cost of donated items X Food, beverages and other items for campus events 5 771 Cost of donated items 1 0 1 1 SchM_P01_S00_L00 Schedule M, Part I Part I, column b represents the number of donors who made contributions for the applicable categories. SchM_P01_S00_L32b Schedule M, Part I, Line 32b Securities that are donated to the University are sold by investment brokerage firms. F990_P05_S00_L04b Form 990, Part V, Line 4b Willamette University filed a Report of Foreign Bank and Financial Accounts TD F 90-22.1, related to the financial account in the country noted in Part V, Line 4b. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The University Bylaws grant broad authority to the Executive Committee of the Board of Trustees to act as an interim Board. It is comprised of the Chair of the Board, the Vice Chair of the Board, the Treasurer, the Secretary, the President of the university, and the chair of the following committees: Endowment, Financial Affairs & Audit, Facilities & Technology, College of Liberal Arts, Atkinson Graduate School of Management, College of Law, Graduate School of Education and Advancement. All of the voting members of the Executive Committee are members of the Board of Trustees or officers of the corporation. F990_P06_S0A_L01b Form 990, Part VI, Section A, Line 1b As is noted in Schedule O for question 12c, board members with a conflict of interest disclose this fact to either the Chairman of the Board, the University President, or the Chair of the relevant committee. Then, an appropriate course of action is taken such as refraining from participation in the matter to which the conflict relates. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Donald Brown, trustee, and Patricia Smullin, trustee: Family relationship. Roderick Wendt, trustee, and Steven Wynne, trustee: Business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b (11a) The Form 990 and its related schedules, except for Schedule B, was provided to all members of the Board of Trustees prior to the University filing the completed form with the IRS. (11b) The Form 990 and its accompanying schedules are reviewed by the Controller, the Vice President for Financial Affairs and the President. Then, the draft of the 990, except for Schedule B, is posted to a secure website that can only be accessed by members of the Board of Trustees. Board members are notified via e-mail that the 990 is available to review on the secure website. In addition, both the Finance Committee and the Executive Committee review and discuss the return, except for Schedule B. After the form has been reviewed by all noted parties it is modified (if necessary) and finalized. Then, it is submitted to the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The conflict of interest policy that applies to all Officers, members of the Board of Trustees and Key Employees is distributed and reviewed annually; all Trustees, Officers and Key Employees must complete, sign, and return the policy to the President's Office or the Vice President for Financial Affairs. The Board's process for addressing conflicts of interest in accordance with the adopted above-referenced policy is as follows: "If an individual believes that he or she may have a conflict of interest, the individual shall promptly and fully disclose the conflict on a form and to the Chairman of the Board of Trustees or President, or the Chair of any Committee of the Board considering the matter, and shall refrain from participating on behalf of the University in the matter to which the conflict relates until the conflict question has been waived by vote of the Board of Trustees or a Committee of the Board after the material facts of the transaction and the individual's interest are disclosed or known to the Board or Committee of the Board, or otherwise resolved in compliance with the Oregon Nonprofit Corporation Act (ORS ch. 65)." The Board Chair, President, Board Treasurer and Administrative Secretary to the Board monitor compliance on an ongoing basis. Monitoring activities may include review of meeting minutes by the Administrative Secretary to identify potential/developing conflicts or conflicts that may have already occurred; informal discussions with Committee chairs or Board officers to raise awareness of conflicts and potential conflicts. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 An ad hoc committee of members of the Board of Trustees established the compensation for the President of the University. The committee consisted of three members that did not have a conflict of interest per IRS regulations section 53.4958-6(c)(1)(iii). In order to establish an appropriate level of compensation, the committee gathered data from similar sized private liberal arts colleges located in the northwestern United States. The data from the schools was obtained directly from each institution. In addition, a nationwide review of compensation as reported on the 990's of other similar sized private liberal arts universities was performed. Once the amount was decided upon the information was passed on to the Executive Committee. The Executive Committee subsequently approved the compensation package. The last time this process was undertaken by the University was in August of 2013. F990_P06_S0C_L18 Form 990, Part VI, Section C, Line 18 The University does not make Form 1023 or 1024 available to the public as it was filed prior to July 15, 1987 and a copy was not held on July 15, 1987. At the same time, the University does post a copy of its current IRS exemption letter on its' website. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Audited Financial Statements are posted on the University's website. The conflict of interest policy and the University's governing documents are not made available to the public. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Paul DeMuniz, a board member listed under Line 1a, was compensated as an Adjunct Professor at Willamette University's College of Law. His compensation was not related to his position as a member of the board of trustees. Charitable remainder unitrusts (31) 900 State Street Salem OR 97301 Beneficial interest OR N/A T 0 Estate Trust (1) 900 State Street Salem OR 97301 Beneficial interest OR N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0