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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2017
Open to Public Inspection
For calendar year 2017, or tax year beginning 01-01-2017 , and ending 12-31-2017
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$179,504,309J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 55 55  
4 Dividends and interest from securities... 3,716,333 3,591,611  
5a Gross rents............ 12,900 12,900  
b Net rental income or (loss) -6,364
6a Net gain or (loss) from sale of assets not on line 10 4,685,249
b Gross sales price for all assets on line 6a 32,734,860
7 Capital gain net income (from Part IV, line 2)... 4,685,249
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)....... Click to see attachment 1,681,859 1,681,859  
12 Total. Add lines 1 through 11........ 10,096,396 9,971,674  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,000     17,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 2,790     2,790
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 16,000 16,000 0 0
c Other professional fees (attach schedule).... Click to see attachment 628,084 585,023   43,061
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 107,031 106,383   648
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,593    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,849     1,849
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,823 1,892   12,260
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 806,170 709,298 0 77,608
25 Contributions, gifts, grants paid....... 8,205,285 8,205,285
26 Total expenses and disbursements. Add lines 24 and 25 9,011,455 709,298 0 8,282,893
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,084,941
b Net investment income (if negative, enter -0-) 9,262,376
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2017)
Page 2
Form 990-PF (2017)
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......... 3,765,675 7,757,420 7,757,420
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0    
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) 4,707,421 0  
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) bullet20,275 156,223 150,630 170,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 152,771,641 Click to see attachment171,576,889 171,576,889
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) 161,400,960 179,484,939 179,504,309
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) Click to see attachment1,215 Click to see attachment1,170
23 Total liabilities (add lines 17 through 22)......... 1,215 1,170
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 161,399,745 179,483,769
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 161,399,745 179,483,769
31 Total liabilities and net assets/fund balances (see instructions). 161,400,960 179,484,939
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
161,399,745
2
Enter amount from Part I, line 27a .....................
2
1,084,941
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
16,999,083
4
Add lines 1, 2, and 3 ..........................
4
179,483,769
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 30 .
6
179,483,769
Form 990-PF (2017)
Page 3
Form 990-PF (2017)
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 SEE STIFEL NICOLAUS #23495389 ATTACHED   2017-01-01 2017-12-31
b SEE STIFEL NICOLAUS #23495389 ATTACHED   2017-01-01 2017-12-31
c SEE STIFEL NICOLAUS #23495389 ATTACHED   2017-01-01 2017-12-31
d SEE STIFEL NICOLAUS #24890324 ATTACHED   2017-01-01 2017-12-31
e SEE STIFEL NICOLAUS #24890324 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #39320247 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #39320247 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #39320247 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #39320247 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #59003237 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #59003237 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #61608568 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #61608568 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #17959392 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #17959392 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #59202230 ATTACHED   2017-01-01 2017-12-31
SEE STIFEL NICOLAUS #59202230 ATTACHED P 2017-01-01 2017-12-31
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 51,025   38,621 12,404
b 1,661,536   1,322,860 338,676
c 44,798   25,493 19,305
d 2,635,688   2,279,303 363,623
e 7,900,860   6,073,833 1,878,193
10   8 2
471,472   666,597 -195,125
37,530   14,344 23,186
168     168
59,346   54,596 4,750
967,107   1,029,338 -62,231
8,767,098   8,772,007 -4,909
3,788,579   3,792,488 -3,909
2,000,171   1,303,131 697,040
1,998,630   665,620 1,333,010
1,023,000   1,042,935 -19,935
977,000   1,026,841 -49,841
      75,474
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       12,404
b       338,676
c       19,305
d       356,385
e       1,827,027
      2
      -195,125
      23,186
      168
      4,750
      -62,231
      -4,909
      -3,909
      697,040
      1,333,010
      -19,935
      -49,841
       
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 4,685,249
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))
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
2013 5,975,054 129,497,741 0.04614
2012 6,361,202 129,483,714 0.049127
2
Total of line 1, column (d) .....................
20.242494
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years ......
30.048499
4
Enter the net value of noncharitable-use assets for 2017 from Part X, line 5......
4168,835,788
5
Multiply line 4 by line 3......................
58,188,367
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
692,624
7
Add lines 5 and 6........................
78,280,991
8
Enter qualifying distributions from Part XII, line 4,.............
88,282,893
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 (2017)
Page 4
Form 990-PF (2017)
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
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 92,624
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 92,624
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 92,624
6 Credits/Payments:
a 2017 estimated tax payments and 2016 overpayment credited to 2017 6a 37,696
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.............. 7 187,696
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 95,072
11 Enter the amount of line 10 to be: Credited to 2018 estimated taxBullet95,072 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 2017 or the taxable year beginning in 2017 (see 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 (2017)
    Page 5
    Form 990-PF (2017)
    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 2017, 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 instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). 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 2017?.............
    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 2017, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2017?.............
    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 2017 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 2017.)..................
    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 2017?
    4b
     
    No
    Form 990-PF (2017)
    Page 6
    Form 990-PF (2017)
    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:
    (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
     
     
    Form 990-PF (2017)
    Page 7
    Form 990-PF (2017)
    Page 7
    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
    4.0     		5,000 0 0
    1320 MANLEY ROAD
    BOZEMAN,MT59715
    SUSAN GIANFORTE TRUSTEE
    8.0     		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  
    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 (2017)
    Page 8
    Form 990-PF (2017)
    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
    164,998,065
    b
    Average of monthly cash balances.......................
    1b
    6,408,826
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    171,406,891
    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
    171,406,891
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,571,103
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    168,835,788
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,441,789
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,441,789
    2a
    Tax on investment income for 2017 from Part VI, line 5......
    2a
    92,624
    b
    Income tax for 2017. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    92,624
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,349,165
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    8,349,165
    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
    8,349,165
    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
    8,282,893
    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
    8,282,893
    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
    92,624
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,190,269
    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 (2017)
    Page 9
    Form 990-PF (2017)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2016     		(c)
    2016     		(d)
    2017
    1 Distributable amount for 2017 from Part XI, line 7 8,349,165
    2 Undistributed income, if any, as of the end of 2017:
    a Enter amount for 2016 only....... 0
    b Total for prior years:2015, 2014, 2013 0
    3 Excess distributions carryover, if any, to 2017:
    a From 2012...... 807,566
    b From 2013......  
    c From 2014......  
    d From 2015......  
    e From 2016...... 640,003
    fTotal of lines 3a through e........ 1,447,569
    4Qualifying distributions for 2017 from Part
    XII, line 4: bullet$ 8,282,893
    a Applied to 2016, 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 2017 distributable amount..... 8,282,893
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2017. 66,272 66,272
    (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 1,381,297
    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 2016. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2017. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2018 ..........     		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 2012 not
    applied on line 5 or line 7 (see instructions) ...     		741,294
    9Excess distributions carryover to 2018.
    Subtract lines 7 and 8 from line 6a ......     		640,003
    10 Analysis of line 9:
    a Excess from 2013....  
    b Excess from 2014....  
    c Excess from 2015....  
    d Excess from 2016.... 640,003
    e Excess from 2017....  
    Form 990-PF (2017)
    Page 10
    Form 990-PF (2017)
    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 2017, 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) 2017 (b) 2016 (c) 2015 (d) 2014
             
    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 organization 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 (2017)
    Page 11
    Form 990-PF (2017)
    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
    ACE SCHOLARSHIPS
    1201 E COLFAX AVE SUITE 302
    DENVER,CO80218     		TRUSTEE CHARITABLE ORG CHARITABLE PURPOSE 1,156,016
    ADVENTURES IN MISSIONS
    PO BOX 742570
    ATLANTA,GA30374     		NONE PC CHARITABLE PURPOSE 1,500
    AGAPE & ECCLESIA
    PO BOX 267892
    CHICAGO,IL60626     		NONE PC CHARITABLE PURPOSE 4,500
    ALANO CLUB OF KALISPELL INC
    PO BOX 9762
    KALISPELL,MT59904     		NONE PC CHARITABLE PURPOSE 10,000
    ALIVE AGAIN LIVE RECOVERY MISSION
    PO BOX 10001
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 25,000
    ALL AMERICAN INDIAN YOUTH ORGANIZATION
    PO BOX 183
    GARRYOWEN,MT59031     		NONE PC CHARITABLE PURPOSE 5,000
    ALLIANCE DEFENDING FREEDOM
    15100 N 90TH STREET
    SCOTTSDALE,AZ85260     		NONE CHARITABLE ORG CHARITABLE PURPOSE 50,000
    AMERICA CAMPAIGN
    400 WEST BROADWAY SUITE 101-047
    MISSOULA,MT59802     		NONE PC CHARITABLE PURPOSE 25,000
    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
    BAKER ASSEMBLY OF GOD
    PO BOX 1010
    BAKER,MT59313     		NONE PC CHARITABLE PURPOSE 9,000
    BELGRADE COMMUNITY LIBRARY FOUND
    PO BOX 1563
    BELGRADE,MT59714     		NONE PC CHARITABLE PURPOSE 1,500
    BIG SKY DISCOVERY ACADEMY
    PO BOX 161548
    BIG SKY,MT59716     		NONE PC CHARITABLE PURPOSE 1,440
    BIG SKY SCHOLARSHIPS
    PO BOX 827
    HAVRE,MT59501     		NONE PC CHARITABLE PURPOSE 15,000
    BILLINGS CHRISTIAN SCHOOL EDUCATION FOUNDATION
    3031 GRAND AVE STE 100-106
    BILLINGS,MT59102     		NONE PC CHARITABLE PURPOSE 1,500
    BOYS AND GIRLS CLUB FLATHEAD RESLAKE CTY
    PO BOX 334
    RONAN,MT59864     		NONE PC CHARITABLE PURPOSE 8,000
    BOZEMAN PUBLIC LIBRARY
    626 E MAIN ST
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 1,000
    BOZEMAN SYMPHONY
    1001 WEST OAK STREET SUITE 201
    BOZEMAN,MT59715     		NONE CHARITABLE ORG CHARITABLE PURPOSE 10,000
    BRAVEHEART CHAPLAIN MINISTRY
    PO BOX 1132
    KALISPELL,MT59903     		NONE PC CHARITABLE PURPOSE 1,500
    CATALYST FOR KIDS
    PO BOX 10666
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 8,200
    CATERING TO AFRICANS IN NEED
    11000 NE 10TH ST 217
    BELLEVUE,WA98004     		NONE PC CHARITABLE PURPOSE 8,000
    CEF OF MONTANA
    60 MISSOURI SHRS
    GREAT FALLS,MT59404     		NONE PF CHARITABLE PURPOSE 10,000
    CENTER FOR RESTORATIVE YOUTH JUSTICE
    29 3RD ST EAST
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 12,000
    CENTRAL MONTANA FOUNDATION
    PO BOX 334
    LEWISTOWN,MT59457     		NONE PC CHARITABLE PURPOSE 500
    CHARLOTTE LOZIER INSTITUTE
    1200 NEW HAMPSHIRE AVE NW SUITE 750
    WASHINGTON,DC20036     		NONE PC CHARITABLE PURPOSE 50,000
    CHESTERTON HOUSE
    115 THE KNOLL
    ITHACA,NY14850     		NONE CHARITABLE ORG CHARITABLE PURPOSE 990,000
    CHI ALPHA CHRISTIAN FELLOWSHIP
    1212 SOUTH 6TH AVENUE
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 50,500
    CHILD BRIDGE
    PO BOX 310
    BIG FORK,MT59911     		NONE PC CHARITABLE PURPOSE 300,000
    CHRISTIAN MEDIA MINISTRIES
    201 W MADISON AVE STE 100
    BELGRADE,MT58714     		NONE PC CHARITABLE PURPOSE 15,000
    COLSTRIP HIGH SCHOOL
    PO BOX 159
    COLSTRIP,MT59323     		NONE PC CHARITABLE PURPOSE 2,304
    COMMUNITY LEADERSHIP AND DEVELOPMENT
    PO BOX 3381
    BILLINGS,MT59103     		NONE PC CHARITABLE PURPOSE 703,661
    COMPASSION INTERNATIONAL
    12290 VOYAGER PKWY
    COLORADO SPRINGS,CO80921     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 2,000
    CROWN FINANCIAL MINISTRY
    1035 PEACHTREE RD NW
    LAWRENCEVILLE,GA30043     		NONE CHARITABLE ORG CHARITABLE PURPOSE 25,000
    CRU MINISTRIES
    PO BOX 628222
    ORLANDO,FL328328222     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 83,500
    DILLON AREA LOVE INC
    PO BOX 1447
    DILLON,MT597251447     		NONE PC CHARITABLE PURPOSE 16,000
    ECHOZ PREGNANCY CARE CENTER
    1323 9TH AVE SOUTH
    GREAT FALLS,MT59404     		NONE PC CHARITABLE PURPOSE 10,000
    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 50,000
    EMERSON CULTURAL CENTER
    111 S GRAND AVE
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 1,000
    FAITH CHRISTIAN FELLOWSHIP INTERNATIONAL
    PO BOX 367
    EATON,OH45320     		NONE PC CHARITABLE PURPOSE 3,000
    FAITH COVENANT CHURCH
    611 3RD AVE 3
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 10,000
    FAMILY POLICY FOUNDATION
    8655 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920     		NONE PC CHARITABLE PURPOSE 25,000
    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 SOUTH 26TH STREET
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 10,000
    FAMILY RESEARCH COUNCIL
    801 G STREET NW
    PO BOX 270305
    WASHINGTON,DC20001     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 25,000
    FAMILYLIFE
    PO BOX 7111
    LITTLE ROCK,AR72223     		NONE PC CHARITABLE PURPOSE 50,000
    FATHERS IN THE FIELD
    6796 N FRANKLIN AVE
    LOVELAND,CO80538     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 75,000
    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
    PO BOX 270305
    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
    FIRST CHRISTIAN CHURCH OF ST IGNATIUS
    217 N MAIN ST
    SAINT IGNATIUS,MT59865     		NONE PC CHARITABLE PURPOSE 15,000
    FLATHEAD INDUSTRIES
    PO BOX 1916
    KALISPELL,MT59903     		NONE PC CHARITABLE PURPOSE 15,000
    FLORENCE CRITTENTON HOME & SERVICES
    901 N HARRIS ST
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 10,000
    FOCUS ON THE FAMILY
    8605 EXPLORER WAY
    COLORADO SPRINGS,CO80920     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 50,000
    FOOTHILLS COMMUNITY CHRISTIAN SCHOOL
    2210 5TH AVE N
    GREAT FALLS,MT59401     		NONE PC CHARITABLE PURPOSE 4,033
    FORTIS SCHOOL
    3737 GRAND AVE SUITE 1
    BILLINGS,MT59102     		NONE PC CHARITABLE PURPOSE 20,000
    FRIENDSHIP HOUSE OF CHRISTIAN SERVICE
    3123 8TH AVE SOUTH
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 60,000
    GALLATIN VALLEY FOUNDATION FOR ECON DEV
    2015 CHARLOTTE ST STE 1
    BOZEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 2,500
    GALLATIN VALLEY HOMESCHOOL SPORTS ASSOC
    PO BOX 7353
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 5,000
    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
    BOX 28
    GLASGOW,MT59230     		NONE PC CHARITABLE PURPOSE 1,921
    GRACE BIBLE CHURCH
    3625 S 19TH STREET
    BOZEMAN,MT59718     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 704,200
    GREAT FALLS CHILDREN'S RECEIVING HOME
    PO BOX 1061
    GREAT FALLS,MT59403     		NONE PC CHARITABLE PURPOSE 7,000
    GREAT FALLS RESCUE MISSION
    PO BOX 127
    GREAT FALLS,MT59403     		NONE PC CHARITABLE PURPOSE 10,000
    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 3,200
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON DC,DC20002     		NONE CHARITABLE ORG CHARITABLE PURPOSE 10,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 1,000
    HOPA MOUNTAIN
    234 E BABCOCK SUITE E
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 10,000
    HOPE PREGNANCY MINISTRIES
    1281 BURNS WAY
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 10,000
    INSPIRE PREGNANCY OUTREACH CENTER
    714 1ST AVE SOUTH
    LEWISTOWN,MT59457     		NONE PC CHARITABLE PURPOSE 10,000
    INTERMOUNTAIN CHILDREN'S HOME
    500 SOUTH LAMBORN
    HELENA,MT59601     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 10,000
    INTERMOUNTAIN OPERA
    PO BOX 37
    BOZEMAN,MT59771     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 10,000
    INTERNATIONAL STUDENTS INC
    PO BOX C
    COLORADO SPRINGS,CO809013000     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 53,000
    INTERVARSITY CHRISTIAN FELLOWSHIP
    PO BOX 7895
    MADISON,WI53707     		NONE PC CHARITABLE PURPOSE 1,500
    LAVIE DBA BILLINGS CRISIS PREG CTR INC
    2321 BROADWATER AVE
    BILLINGS,MT59102     		NONE PC CHARITABLE PURPOSE 10,000
    LIFE NET OF MISSOULA
    1515 FAIRVIEW AVE
    MISSOULA,MT59801     		NONE PC CHARITABLE PURPOSE 10,000
    LIGHTHOUSE COMMUNITY PARTNERS
    918 20TH ST S
    GREAT FALLS,MT59405     		NONE PC CHARITABLE PURPOSE 10,000
    LOVE IN THE NAME OF CHRIST - GALLATIN CITY
    PO BOX 7117
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 25,000
    LOVE INC OF NORTH FLATHEAD
    2130 9TH STREET W STE 197
    COLUMBIA FALLS,MT59912     		NONE PC CHARITABLE PURPOSE 1,000
    LOVE INC OF YELLOWSTONE COUNTY
    PO BOX 1254
    BILLINGS,MT59103     		NONE PC CHARITABLE PURPOSE 15,859
    LOVE INC OF GREATER WHITEHALL AREA
    257 HOT SPRINGS RD
    WHITEHALL,MT59759     		NONE PC CHARITABLE PURPOSE 21,845
    LOVE INC OF THE ROCKY MOUNTAIN FRONT
    1900 32ND AVE
    BLACK EAGLE,MT59414     		NONE PC CHARITABLE PURPOSE 20,500
    LOVE THY NEIGHBOR
    PO BOX 847
    EATONTOWN,NJ07774     		NONE PC CHARITABLE PURPOSE 5,000
    MANHATTAN FIRST ROBOTICS
    330 DOUBLE D LANE
    MANHATTAN,MT59741     		NONE PC CHARITABLE PURPOSE 1,500
    MISSION AVIATION FELLOWSHIP
    PO BOX 47
    NAMPA,ID83653     		NONE CHARITABLE ORG CHARITABLE PURPOSE 25,000
    MISSOULA INTERFAITH COLLABORATIVE
    202 BROOKS ST
    MISSOULA,MT59801     		NONE PC CHARITABLE PURPOSE 9,000
    MONTANA CHAMBER FOUNDATION
    900 GIBBON ST
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 45,860
    MONTANA CHAMBER MUSIC SOCIETY
    PO BOX 1506
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 2,000
    MONTANA CODE SCHOOL
    1121 EAST BROADWAY
    MISSOULA,MT59802     		NONE PC CHARITABLE PURPOSE 20,000
    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     		TRUSTEE CHARITABLE ORG CHARITABLE PURPOSE 215,000
    MONTANA FFA FOUNDATION INC
    502 S 19TH AVE STE 102
    BOZEMAN,MT59718     		NONE PC CHARITABLE PURPOSE 10,000
    MONTANA METH PROJECT
    PO BOX 8944
    MISSOULA,MT59807     		NONE PC CHARITABLE PURPOSE 150,000
    MONTANA RESCUE MISSION
    PO BOX 3232
    BILLINGS,MT59103     		NONE PC CHARITABLE PURPOSE 20,000
    MONTANA SHAKESPEARE IN THE PARKS
    P O BOX 174120
    BOZEMAN,MT59717     		NONE CHARITABLE ORG CHARITABLE PURPOSE 31,000
    MONTANA STATE UNIVERSITY ALUMNI FOUNDATION
    PO BOX 172750
    BOZEMAN,MT59717     		NONE CHARITABLE ORG. CHARITABEL PURPOSE 366,667
    MONTANA TECH FOUNDATION
    1300 WEST PARK STREET
    BUTTE,MT59701     		NONE PC CHARITABLE PURPOSE 60,000
    MONTANA THEATERWORKS - ELLEN THEATER
    17 W MAIN ST
    BOZEMAN,MT59715     		NONE PC CHARITABLE PURPOSE 25,000
    NEW HOPE CLINIC
    320 S IDAHO ST
    BUTTE,MT59701     		NONE PC CHARITABLE PURPOSE 10,000
    NEW HOPE PREGNANCY SUPPORT CTR OF DILLON
    610 MONTANA ST STE 6
    DILLON,MT59725     		NONE PC CHARITABLE PURPOSE 10,000
    NEW MISSIONS SYSTEMS INT
    2701 CLEVELAND AVE STE 200
    FORT MYERS,FL33901     		NONE PC CHARITABLE PURPOSE 3,000
    NORTHERN CHEYENNE MINISTERIAL ASSOC INC
    3 WHITE RIVER LN
    BUSBY,MT59016     		NONE PC CHARITABLE PURPOSE 25,000
    OMF INTERNATIONAL
    10 W DRY CREEK
    LITTLEON,CO80120     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 3,000
    OPTION WOMEN'S CLINIC
    1005 PARTRIDGE PLACE STE 1
    HELENA,MT59602     		NONE PC CHARITABLE PURPOSE 5,000
    OUTFITTERS FOR CHRIST
    PO BOX 140
    YAMPA,CO80483     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 15,000
    PETRA ACADEMY
    4720 CLASSICAL WAY
    BOZEMAN,MT59718     		TRUSTEE CHARITABLE ORG. CHARITABLE PURPOSE (BUILDING FD & OPERATING FD) 24,200
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET SUITE 550 SOUTH
    WASHINGTON,DC20036     		NONE PC CHARITABLE PURPOSE 100,000
    PREGNANCY OUTREACH CLINIC OF MILES CITY
    PO BOX 596
    MILES CITY,MT59301     		NONE PC CHARITABLE PURPOSE 10,000
    PRISON FELLOWSHIP
    44180 RIVERSIDE PKWY
    LANSDOWNE,VA20176     		NONE CHARITABLE ORG. CHARITABLE PURPOSE (BUILDING FD & OPERATING FD) 15,000
    PROVIDENCE MONTANA HEALTH FOUNDATION
    PO BOX 4587
    MISSOULA,MT59806     		NONE PC CHARITABLE PURPOSE 39,900
    RAFIKI FOUNDATION
    PO BOX 1988
    EUSTIS,FL327271988     		NONE CHARITABLE ORG CHARITABLE PURPOSE 573,000
    REID SAUNDERS EVANGELICAL ASSOC
    1790 16TH ST SE
    SALEM,OR97302     		NONE PC CHARITABLE PURPOSE 10,000
    RELATIONAL WISDOM 360
    4460 LAREDO PL
    BILLINGS,MT59106     		NONE PC CHARITABLE PURPOSE 12,000
    RIPE FOR HARVEST
    PO BOX 487
    MONUMENT,CO80132     		NONE PC CHARITABLE PURPOSE 3,000
    ROCKY MOUNTAIN BALLET THEATER
    2704 BROOKS
    MISSOULA,MT59801     		NONE PC CHARITABLE PURPOSE 10,000
    ROCK MOUNTAIN COLLEGE
    1511 POLY DR
    BILLINGS,MT59102     		NONE PC CHARITABLE PURPOSE -500
    ROTARY DISTRICT 5390 FOUNDATION
    PO BOX 1091
    BILLINGS,MT59103     		NONE PC CHARITABLE PURPOSE 25,000
    ROYAL FAMILY KIDS CAMP
    PO BOX 1108
    THREE FORKS,MT59752     		NONE PC CHARITABLE PURPOSE 10,000
    SACRED PORTION
    PO BOX 11486
    BOZEMAN,MT59719     		NONE PC CHARITABLE PURPOSE 10,000
    SAMARITAN HOUSE INC
    PO BOX 592
    KALISPELL,MT59903     		NONE PC CHARITABLE PURPOSE 10,000
    SAMARITAN'S PURSE OPER CHRISTMAS CHILD
    PO BOX 3000
    BOONE,NC28607     		NONE PC CHARITABLE PURPOSE 8,000
    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 80,143
    ST LABRE INDIAN SCHOOL EDUCATION ASSOC
    PO BOX 216 1000 TONGUE RIVER RD
    ASHLAND,MT59003     		NONE PC CHARITABLE PURPOSE 7,250
    ST VINCENT HEALTHCARE FOUNDATION
    1106 N 30TH ST
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 5,000
    STUDENT ASSISTANCE FOUNDATION
    2500 BROADWAY
    HELENA,MT59601     		NONE PC CHARITABLE PURPOSE 250,000
    SUMMIT ACADEMY
    PO BOX 403
    LIVINGSTON,MT59047     		NONE PC CHARITABLE PURPOSE 7,500
    TEAM MENTORING INC
    PO BOX 30642
    BILLINGS,MT59107     		NONE CHARITABLE ORG CHARITABLE PURPOSE 3,000
    THE CHILDREN AND PARENT RESOURCE GROUP
    4045 PAYNE ROAD
    HIGH POINT,NC27265     		NONE PC CHARITABLE PURPOSE 40,000
    THE CONNECTION YOUTH CENTER
    PO BOX 9045
    DENVER,CO80209     		NONE PC CHARITABLE PURPOSE 10,000
    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 20,000
    THE VERITAS FORUM
    ONE BROADWAY 14TH FLOOR
    CAMBRIDGE,MA02142     		NONE PC CHARITABLE PURPOSE 115,000
    TRINITY LUTHERAN SCHOOL
    495 5TH AVE WEST NORTH
    KALISPELL,MT59901     		NONE PC CHARITABLE PURPOSE 2,159
    TUMBLEWEED RUNAWAY PROGRAM INC
    505 N 24TH ST
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 10,000
    UGANDA ORPHANS FUND
    101 OAK STREET SUITE 2A
    BOZEMAN,MT59715     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 5,000
    UNIVERSITY OF MONTANA FOUNDATION
    PO BOX 7159
    MISSOULA,MT598077159     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 188,500
    VALLEY CHRISTIAN SCHOOL
    2526 SUNSET LANE
    MISSOULA,MT59804     		NONE PC CHARITABLE PURPOSE 2,427
    VIETNAM VETS OF AMERICA CHAPTER 788
    PO BOX 7226
    BOZEMAN,MT59771     		NONE PC CHARITABLE PURPOSE 5,000
    WATSON CHILDREN'S SHELTER
    4978 BUCKHOUSE LANE
    MISSOULA,MT59804     		NONE PC CHARITABLE PURPOSE 50,000
    WHITEFISH CHRISTIAN ACADEMY
    820 ASHAR AVE
    WHITEFISH,MT59937     		NONE PC CHARITABLE PURPOSE 15,000
    WONDERS OF SCIENCE
    6548 S NEWLIN
    WHITTIER,CA90601     		NONE PC CHARITABLE PURPOSE 40,000
    YELLOWSTONE BOYS & GIRLS RANCH FOUNDATION
    PO BOX 80807
    BILLINGS,MT591080807     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 45,500
    YES YOUTH EMPOWERMENT SERVICES
    1410 W PARK PO BOX 686
    ANANCONDA,MT59711     		NONE PC CHARITABLE PURPOSE 10,000
    YOUNG LIFE
    PO BOX 520
    COLORADO SPRINGS,CO80901     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 26,000
    YOUR NETWORK OF PRAISE
    PO BOX 2426
    HAVRE,MT59501     		NONE PC CHARITABLE PURPOSE 5,000
    YWCA BILLINGS
    909 WYOMING AVE
    BILLINGS,MT59101     		NONE PC CHARITABLE PURPOSE 20,000
    ZOE PREGNANCY CARING CENTER
    2251 W KAGY BLVD 2
    BOZEMAN,MT59718     		NONE CHARITABLE ORG. CHARITABLE PURPOSE 38,000
    Total .................................bullet 3a 8,205,285
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2017)
    Page 12
    Form 990-PF (2017)
    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 ...........     		    14 55  
    4 Dividends and interest from securities....     14 3,716,333  
    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 -6,364  
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 4,685,249  
    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 1,609,488  
    bORDINARY INCOME OTHER INVESTMENTS     18 72,371  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   10,077,132  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    10,077,132
    (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 (2017)
    Page 13
    Form 990-PF (2017)
    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) of the Code (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) of the Code (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 2018-05-15 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 nameRichard Conner Preparer's Signature   Date   PTIN P01355454
    Firm's name SmallBulletCONNER & ASSOCIATES LLP
          		Firm's EIN SmallBullet  
    Firm's address SmallBullet26016 DETROIT RD SUITE 3
     
    WESTLAKE, OH44145
    		 Phone no. (440) 617-0390
    Form 990-PF (2017)
    Additional Data


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    Form 990PF - Special Condition Description:
    Special Condition Description