2024-09-13T10:13:05-05:00 2024-04-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990PF 2023-05-01 816075761 Charles M Bair Family Trust C/O US Bank NA CHAR 4066578139 303 N Broadway Billings MT 59101 Peter Buss Trustee 4066578139 2024-09-13 1 1 Deb Nelson CPA P01264758 6122536500 2024-09-05 2023 2024-08-08 14:25:15Z X 23055851 X 1060000 37347 37347 375090 375090 566813 3839497 566813 30022 16616 2069272 995866 0 0 0 222099 0 222099 6900 0 6900 2100 0 2100 14627 0 14627 246696 49549 197147 36353 10924 25429 204965 0 204965 2405 0 2405 41328 6 41322 777473 60479 716994 1009301 1009301 1786774 60479 1726295 282498 935387 67677 18317 18317 3303809 3353497 3139043 7508102 7673630 10983153 3422491 3422491 3422491 3493084 18728537 18845179 5422254 33030616 33313114 23055851 0 0 X 33030616 33313114 0 0 0 0 33030616 33313114 33030616 33313114 33030616 282498 0 33313114 0 33313114 Publicly Traded Securities P 3835051 3272684 562367 562367 Capital Gains Dividends P 4446 4446 4446 566813 13002 0 13002 0 13002 18760 0 0 0 18760 0 5758 5758 0 0 0 0 0 0 0 0 0 0 0 1 1 MT 1 0 0 0 0 1 www.charlesmbairtrusts.org US Bank NA 4066578139 PO Box 2043 Milwaukee WI 532012043 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 PO Box 2043 Milwaukee WI 532012043 Vice Chairman 15.00 0 0 0 James Day US Bank PO Box 2043 Milwaukee WI 532012043 Secretary 15.00 0 0 0 Kelly Coleman 1333 Riviera Place Billings MT 59106 At Large Member - Yellowstone County 15.00 0 0 0 Burt Hurwitz 1486 Smith River Rd White Sulphur Springs MT 59645 At Large Member - Meagher County 15.00 0 0 0 Paula Beezley 303 N Broadway Billings MT 59101 Security and Mainten 80.00 77430 0 0 Kevin Zimmerman 303 N Broadway Billings MT 59101 Security Staff and S 80.00 73692 0 0 Elizabeth Guheen 303 N Broadway Billings MT 59101 Director and Chief C 50.00 71875 0 0 0 US Bank NA PO Box 2043 Milwaukee WI 532012043 Trustee Services 198196 0 0 14678493 433719 0 15112212 14486187 0 15112212 226683 14885529 744276 744276 13002 13002 731274 0 731274 0 731274 1726295 0 375000 2101295 731274 310879 0 0 2101295 310879 0 1050000 731274 9142 0 0 1059142 0 0 0 0 0 1050000 0 9142 9142 Jason Jewett 302 N Last Chance Gulch Helena MT 59601 4064475253 jason.jewett@usbank.com Applicants must use the grant application found on the the website at charlesmbairtrusts.org/grants.html, noting any new provisions for the year. Additionally, the application must include an IRS Determination Letter, Form 990 or 990EZ, current operating budget and balance sheet, the county of service, a separate thorough project explanation, and certification of public charity status. March 1st Please refer to the application found at www.charlesmbairtrusts.org/grants.html for restrictions and limitations on awards. Alberta Bair Theater PO Box 1556 Billings MT 59103 None PC Grant for ABT educational programs and workshops. 27204 Big Brothers & Sisters of Yellowstone County Inc 2139 Broadwater Ave Ste A Billings MT 59102 None PC Grant for recruitment and support of volunteer mentors. 10000 Big Sky Science Education Enhancement Inc 3945 Teal Street Billings MT 59102 None PC Grant for Rocket Camp. 2000 Big Sky Senior Services 925 Lake Elmo Dr Ste B Billings MT 59105 None PC Grant for helping hands older transportation. 30000 Billings Catholic Schools PO Box 31158 Billings MT 59107 None PC Grant for humanities curriculum. 25000 Billings Clinic Foundation PO Box 31031 Billings MT 59101 None PC Grant for ligature resistance chairs. 22298 Billings Family YMCA 4052 North 32nd Street Billings MT 59101 None PC Grant for raquet and basketball court remodels. 40000 Billings Studio Theatre 1500 Rimrock Road Billings MT 59102 None PC Grant for new lennox merit system. 3500 Billings Symphony 2820 2nd Ave North Billings MT 59101 None PC Grant for education and community engagement program. 5000 Boys and Girls Club of Billings and Yellowstone County 505 Orchard Lane Billings MT 59107 None PC Grant for facility heating system upgrades. 30000 Community Leadership Developement Inc PO Box 3381 24 S 29th St Billings MT 59103 None PC Grant for connection recovery camp. 35000 Education Foundation of Billings Schools 415 N 30th St Billings MT 59101 None PC Grant for summer mobile food program. 15000 Family Services Inc PO Box 1020 Billings MT 59103 None PC Grant for homeless needs in community. 10000 Friends of the Children - Eastern MT PO Box 22275 Billings MT 59104 None PC Grant for operational support. 25000 Girl Scouts of Montana and Wyoming 2303 Grand Avenue Billings MT 59102 None PC Grant for low income membership assistance. 5000 Horse Spirits Healing Inc 7256 Hwy 3 Billings MT 59106 None PC Grant for equine assistant services for veterans. 5000 LaVie - Billings Crisis Pregancy Center Inc PO Box 80146 Billings MT 59108 None PC Grant for AEDs for new clinic location. 3500 Love and Sunshine Ministries PO Box 23174 Billings MT 59101 None PC Grant for mothers and children program. 25000 Meagher County Arts Council Inc PO Box 755 White Sulphur Springs MT 596450755 None PC Grant for art events and education. 10000 Meagher County Disaster and Emergency Services PO Box 449 White Sulphur Springs MT 59645 None GOV Grant for emergency services side-by-side. 30000 Meagher County Health Dept PO Box 309 White Sulphur Springs MT 59645 None GOV Grant for child immunization program. 9000 Meagher County Rural Fire PO Box 309 White Sulphur Springs MT 59645 None GOV Grant for Homatro Jaws of Life purchase. 10000 Meagher County Search and Rescue 40 Jackson Rd White Sulphur Springs MT 59645 None GOV Grant for unmanned aerial vehicle drone. 6484 Meagher County Senior Center 101 1st Ave SE White Sulphur Springs MT 59645 None PC Grant for kitchen update. 71924 Meagher County Sheriff's Office PO Box 449 White Sulphur Springs MT 59645 None GOV Grant for vehicle radios. 17000 Meagher County Stewardship Council PO Box 607 White Sulphur Springs MT 59645 None PC Documentary distribution & marketing. 5000 Montana Rescue Mission 2822 Minnesota Avenue Billings MT 59101 None PC Grant for kitchen hood replacement at shelter. 30000 Mountainview Medical Center Inc 16 West Mains St PO Box Q White Sulphur Springs MT 596450817 None PC Grant for snake purchase for hospital pipes. 8564 MSU Billings Foundation 1500 University Dr Billings MT 59101 None PC Grant for art facility. 27660 New Day Inc 1726 Lampman Drive Billings MT 59102 None PC Grant for replacement of aging mobile homes for foster kids. 100000 Our Montana PO Box 699 Billings MT 59103 None PC Grant for restoring and improving Boothill Cemetery. 6500 Red Ants Pants Foundation PO Box 637 White Sulphur Springs MT 59645 None PC Grant for girls leadership program. 5000 Saint Vincent de Paul 3005 1st Ave South Billings MT 59101 None PC Grant for HVAC rooftop unit. 8275 St Vincent Healthcare Foundation 1106 North 30th Billings MT 59101 None PC Grant for fitness programs adults 65 and older. 30000 Veterans Navigation Network 2173 Overland Ave Billings MT 59102 None PC Grant to fund veterans assistance program support. 20000 Western Heritage Center 2822 Montana Ave Billings MT 59101 None pc Grant for maintaining and updating museum artifacts. 12392 Wheatland Memorial Healthcare PO Box 287 Harlowton MT 590360287 None PC Grant for capital replacement facility. 50000 White Sulphur Springs School District #8 PO Box C White Sulphur Springs MT 59645 None GOV Grant for new playground equipment/learning space. 35000 White Sulphur Springs Volunteer Fire Dept PO Box 703 White Sulphur Spring MT 59645 None GOV Grant for 4 sets of turnout gear. 15000 Yellowstone Art Museum 401 North 27th Street Billings MT 59101 None PC Grant for building maintenance and public safety. 28000 Yellowstone Boys and Girls Ranch Foundation 2050 Overland Ave Billings MT 59105 None PC Grant for academy school safety project. 30000 Yellowstone Casa Inc PO Box 688 Billings MT 59103 None PC Grant for court appointed foster care advocates. 10000 Yellowstone Valley Animal Shelter 1735 Monad Road Billings MT 59101 None PC Grant for new facility. 25000 Youth Dynamics 2334 Lewis Avenue Billings MT 59102 None PC Grant for maintenance/repairs on 4 youth homes. 30000 YWCA of Billings 909 Wyoming Ave Billings MT 59101 None PC Grant for trauma and victim support. 25000 Zoo Montana 2100 South Shiloh Road Billings MT 59106 None PC Grant for ultra sound transport carrier. 35000 1009301 0 Museum Admissions 13406 14 37347 14 375090 18 566813 Royalty Income 15 1874 Other Income 03 14742 0 995866 13406 1009272 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 1050000 X 2 Museum of the Rockies 600 W Kagy Blvd Bozeman MT 59717 10000 X Accounting Fees 14627 0 14627 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 $1,050,000 of current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of corpus for the following tax years: Current 2023 tax year passthrough funds 1,050,000 Albemarle Corp 32487 48123 Alphabet Inc Cl A 68266 244169 Amazon Com Inc 73776 262500 Amgen Inc 61628 82182 Apple Inc 2557 340660 Bank of America Corp 12848 51814 Blackrock Inc 40582 75464 Booking Holdings Inc 40290 51780 Caterpillar Inc 69401 100371 Chubb Ltd 39570 87024 Cisco Systems Inc 49991 93960 Clearbridge International Growth 597826 635889 Cme Group Inc 38322 41928 Copart Inc 96470 124913 Costco Whsl Corp 34126 162653 Ecolab Inc 43066 50884 Gilead Sciences Inc 71883 71720 Home Depot Inc 114477 133688 Honeywell International Inc 88650 106002 Ishares Core Msci Eafe 947164 1091360 Ishares Core Msci Emerging Mkts 439699 464850 Ishares Msci Emerging Ex China 452921 459823 Ishares Msci Eafe Value 582718 641640 Ishares Russell 2000 718544 803190 Ishares Russell Mid Cap 747204 1090794 Ishares Russell Mid Cap Value 545669 624015 J P Morgan Chase Co 27588 162979 Johnson Johnson 17034 57836 Marathon Petroleum Corp 51295 213521 Mastercard Inc 8547 169200 Medtronic Plc 66298 68204 Meta Platforms Inc 26167 86034 Microsoft Corp 2641 389330 Salesforce Inc 101508 134470 Schwab Charles Corp 20083 55463 Starbucks Corp 34190 57519 Stephens Mid Cap Growth R5 513268 613992 Target Corp 26379 40245 Texas Instruments Inc 28229 44105 Unitedhealth Group Inc 56962 108832 Walmart Inc 36286 115733 Danaher Corp 90040 98648 Abbvie Inc 62021 65056 Adobe Inc 45639 34712 Netflix Com Inc 40983 46804 Nextera Energy Inc 124846 120546 Nvidia Corp 49223 86402 Palo Alto Networks Inc 37406 36361 Servicenow Inc 51227 52000 Verizon Communications Inc Com 40713 41465 Eaton Corp Plc Shs 91019 127304 Lyondellbasell Industries N V Shs A 13903 14996 3353497 3139043 0 0 Legal Fees 2100 0 2100 American Tower Corp 55075 46292 68624 Schwab US Reit 309621 503893 468750 Prologis Inc Com 31152 25512 Collectible Good - American Indian Art 303278 303278 386825 Collectible Good - Furniture and Decorations 557319 557319 465775 Collectible Good - Paintings and Watercolors 1815142 1815142 2881200 Collectible Good - Photogravures Prints and Books 442956 442956 339000 Collectible Good - Silver and Silver Plate 283951 283951 402610 Collectible Good - Young Chief Painting 375000 375000 Bair Ranch Foundation 14486187 14486187 0 Commodities 475000 0 0 Various Mineral Interests 8 9 8958 Advertising 27209 0 27209 Other Museum Expenses 14119 6 14113 Museum Admissions 13406 13406 Royalty Income 1874 1874 1874 Other Income 14742 14742 14742 Trustee Fees 198196 49549 148647 Professional Fees 48500 0 48500 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 10924 10924 0 Payroll Taxes 25429 0 25429