2025-09-09T15:10:20-05:00 2025-04-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990PF 2024-05-01 816075761 Charles M Bair Family Trust C/O US Bank NA CHAR 4066578139 303 N Broadway Billings MT 59101 Peter Buss Trustee 4066578139 2025-09-04 1 1 Deb Nelson CPA P01264758 6122536500 2025-09-04 2024 2025-03-06 01:10:19Z X 24008520 X 1050000 43435 43435 424384 424384 659539 2345970 659539 27339 12397 2204697 1139755 0 0 0 325537 0 325537 6990 0 6990 1890 0 1890 12716 0 12716 252829 51957 200872 54794 8259 23607 228671 0 228671 1750 0 1750 20011 0 20011 905188 60216 822044 1029721 1029721 1934909 60216 1851765 269788 1079539 18317 150949 150949 3353497 3048162 2966242 7673630 7964494 11400905 3422491 3422491 3422491 3493084 18845179 19346806 5997340 33313114 33932902 24008520 0 0 X 33313114 33932902 0 0 0 0 33313114 33932902 33313114 33932902 33313114 269788 350000 33932902 0 33932902 Publicly Traded Securities P 2320907 1686431 634476 634476 Capital Gains Dividends P 25063 25063 25063 659539 15006 0 15006 0 15006 13040 0 0 0 13040 0 1966 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 78486 0 0 Elizabeth Guheen 303 N Broadway Billings MT 59101 Director and Chief C 50.00 71875 0 0 Kevin Zimmerman 303 N Broadway Billings MT 59101 Security Staff and S 80.00 71421 0 0 0 US Bank NA PO Box 2043 Milwaukee WI 532012043 Trustee Services 207829 0 0 15747207 832034 0 16579241 14486187 0 16579241 248689 16330552 816528 816528 15006 15006 801522 0 801522 0 801522 1851765 0 1851765 801522 0 0 9142 9142 1851765 0 0 1050000 801522 243 0 0 1059385 0 0 0 0 0 1050000 0 9385 9385 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. 30000 Big Sky Science Education Enhancement Inc 3945 Teal Street Billings MT 59102 None PC Grant for Rocket Camp. 2000 Billings Catholic Schools PO Box 31158 Billings MT 59107 None PC Grant for teachers excellence programs. 20000 Billings Clinic Foundation PO Box 31031 Billings MT 59101 None PC Grant for seclusion room and psychiatric centre. 75000 Billings Family YMCA 4052 North 32nd Street Billings MT 59101 None PC Grant for childcare sensory upgrades. 40000 Billings Studio Theatre 1500 Rimrock Road Billings MT 59102 None PC Grant for epson laser project. 3149 Billings Symphony 2820 2nd Ave North Billings MT 59101 None PC Grant for 2025-2026 music program. 5000 Boys and Girls Club of Billings and Yellowstone County 505 Orchard Lane Billings MT 59107 None PC Grant for transportation ca[acity expansion. 30000 Cine Billings 109 North 30th Street Billings MT 59101 None PC Grant for live sound project. 18000 City County Preservation Committee PO Box 144 Harlowton MT 59036 None PC Grant for enhancing community space. 35000 City of Harlowton PO Box 292 17 Central Ave S Harlowton MT 59036 None GOV Grant for city pool revitalization. 35000 Community Health 201 A Ave NW Harlowton MT 59036 None PC Grant for mental health emergency funding. 5000 Community Leadership Developement Inc PO Box 3381 24 S 29th St Billings MT 59103 None PC Grant for operations support. 10000 Education Foundation of Billings Schools 415 N 30th St Billings MT 59101 None PC Grant for summer mobile food program. 25000 Engineer Extras Inc PO Box 775 Harlowton MT 59036 None PC Grant for Main Street Mural Painting 2500 Family Services Inc PO Box 1020 Billings MT 59103 None PC Grant for family stability needs. 5000 Friends of the Children - Eastern MT PO Box 22275 Billings MT 59104 None PC Grant for expanding mentorship. 25000 Harlo Theatre Project PO Box 288 Harlowton MT 59036 None PC Grant for school to work program. 8000 Love and Sunshine Ministries PO Box 23174 Billings MT 59101 None PC Grant for mothers and children program. 15000 Meagher County Ambulance Service PO Box 309 White Sulphur Springs MT 59645 None GOV Grant for ambulance patient monitors. 35000 Meagher County Disaster and Emergency Services PO Box 449 White Sulphur Springs MT 59645 None GOV Grant for snow tracks for utility vehicles. 8000 Meagher County Health Dept PO Box 309 White Sulphur Springs MT 59645 None GOV Grant for child immunization program. 10000 Meagher County Search and Rescue 40 Jackson Rd White Sulphur Springs MT 59645 None GOV Grant for search and rescue uniforms. 6500 Meagher County Sheriff's Office PO Box 449 White Sulphur Springs MT 59645 None GOV Grant for deputy safety equipment. 20000 Montana Rescue Mission 2822 Minnesota Avenue Billings MT 59101 None PC Grant for vocational training program. 10000 Mountainview Medical Center Inc 16 West Mains St PO Box Q White Sulphur Springs MT 596450817 None PC Grant for IV pump updates. 9794 MSU Billings Foundation 1500 University Dr Billings MT 59101 None PC Grant for art facility. 15000 Off the Streets PO Box 867 Billings MT 59103 None PC Grant for expansion of services and beds. 15000 Riverstone Health Foundation 123 S 27th St Billings MT 59101 None PC Grant for Alert GPS 26525 Rocky Mountain College 1511 Poly Drive Billings MT 59102 None PC Grant for bair hall improvements. 75000 Ronald Mcdonald House of Eastern Montana 1144 North 30th Street Billings MT 59101 None PC Grant for heat assistance for housing. 15000 Saint Vincent de Paul 3005 1st Ave South Billings MT 59101 None PC Grant for laundry room expenses. 9676 St John's Lutheran Ministries 3940 Rimrock Road Billings MT 59102 None PC Grant for outpatient therapy garden. 2500 St Vincent Healthcare Foundation 1106 North 30th Billings MT 59101 None PC Grant for child life specialist program. 30000 Town of Judith Gap PO Box 157 601 Meagher Judith Gap MT 59453 None GOV Grant for bulk water system purchase and installation. 25000 Upper Musselshell Historic Society PO Box 364 Harlowton MT 59036 None PC Grant for building renovations. 44178 Veterans Navigation Network 2173 Overland Ave Billings MT 59102 None PC Grant to fund location heros program. 7500 Wheatland County Senior Citizens Center 1st Ste SE Harlowton MT 59036 None PC Grant for exterior senior center upgrades. 37700 Wheatland County PO Box 527 Harlowton MT 59036 None PC Grant for fairground improvements. 14382 Wheatland Memorial Healthcare PO Box 287 Harlowton MT 590360287 None PC Grant for capital replacement facility. 50000 White Sulphur Springs Volunteer Fire Dept PO Box 703 White Sulphur Spring MT 59645 None GOV Grant for bunker gear replacements. 15500 White Sulphur Springs Youth Baseball and Softball PO Box 276 White Sulphur Spring MT 59645 None PC Grant for dugouts and equipment. 3700 Yellowstone Art Museum 401 North 27th Street Billings MT 59101 None PC Grant for facility repairs. 30000 Yellowstone Boys and Girls Ranch Foundation 2050 Overland Ave Billings MT 59105 None PC Grant for bathroom updates. 30000 Yellowstone Casa Inc PO Box 688 Billings MT 59103 None PC Grant for volunteer training. 12000 Yellowstone Valley Animal Shelter 1735 Monad Road Billings MT 59101 None PC Grant for new facility. 15000 Young Families - Early Head Start PO Box 51269 Billings MT 59105 None PC Grant for early education teacher training. 10000 YWCA of Billings 909 Wyoming Ave Billings MT 59101 None PC Grant for victims of violence case management. 40000 Zoo Montana 2100 South Shiloh Road Billings MT 59106 None PC Grant for cold laser and animal scale. 18117 1029721 0 Museum Admissions 14942 14 43435 14 424384 18 659539 Royalty Income 15 1807 Other Income 03 10590 0 1139755 14942 1154697 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 Accounting Fees 12716 0 12716 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 2024 tax year passthrough funds 1,050,000 Abbott Labs Com 39474 45763 Alphabet Inc Cl A 37568 198500 Advanced Micro Devices Inc 27901 19470 Ishares RussellMid Cap 747203 1152855 Huntington Bancshares Inc 3876 3632 Ge Healthcare Technologies Inc 8239 7033 Emerson Electric Co 17338 15767 Coterra Energy Inc 14877 12280 Darden Restaurants Inc 20714 20064 Adobe Inc 45639 28124 Corning Inc 12254 11095 CopartInc 17504 27463 Carrier GlobalCorporation Com 13653 12508 WalmartInc Com 29801 145875 Visa Inc Com ClA 34683 34550 Ebay Inc Com 9903 10224 Amazon Com Inc 47633 184420 Las Vegas Sands Corp 10116 9168 Ishares RussellMid Cap Value 516055 613750 Ishares MsciEmerging Ex China 452921 462431 Ishares Core MsciEmerging Mkts 546419 595870 Schlumberger Ltd 12086 8312 Medtronic Plc Shs 66298 72046 Linde Plc Shs 46164 45323 Ishares MsciEafe Value 582718 731520 Ishares Core MsciEafe 968817 1220005 Eaton Corp Plc Shs 22520 29437 Clearbridge InternationalGrowth 597826 720396 Accenture Plc Ireland Shs Class A 46745 44872 Ishares Russell2000 718544 798926 Unitedhealth Group Inc Com 56962 92574 TargetCorp Com 26379 24175 Stephens Mid Cap Growth R5 508276 616712 L3harris Technologies Inc 53471 55005 Abbvie Inc 62021 78040 Workday Inc 12660 12250 United ParcelService Inc ClB 14417 9530 Tjx Companies Inc 18014 19302 Home DepotInc 114477 144196 Gilead Sciences Inc 9628 15981 F iserv Inc 16767 13843 Exxon MobilCorp 20728 18485 EliLilly Co 62921 67421 Danaher Corp 55877 49833 Costco WhslCorp 28204 198900 Conocophillips 24143 17824 ComcastCorp Class A 18683 17100 Citigroup Inc 18698 17095 Cisco Systems Inc 20580 57730 Chevron Corporation 48857 40818 Broadcom Inc 74278 76988 Blackrock Inc Com 40582 91426 Berkshire Hathaway Inc ClB 21414 21330 Bank OfAmerica Corp 28127 69790 Applied Materials Inc 15276 15071 Apple Inc Com 1918 318750 Analog Devices Inc 43030 38984 Amgen Inc 61628 87276 American Express Co 21087 19981 HoneywellIntlInc 61931 84200 Uber Technologies Inc 16115 20252 Jpmorgan Chase Co 27588 207927 Lowes Cos Inc Com 11599 11178 Texas Instrs Inc Com 28229 40012 TMobile USInc 6583 6174 Starbucks Corp Com 34190 52033 ServicenowInc Com 51227 71626 Schwab Charles Corp Com 20083 61050 Salesforce Inc 25431 40307 SPGlobalInc Com 12861 12501 Qualcomm Inc Com 41528 29692 PaypalHoldings Inc 14287 13168 Parker Hannifin Corp 13085 12101 Palo Alto Networks Inc 37406 46732 Oracle Corporation 22830 21108 Nvidia Corp 49223 108920 Nextera Energy Inc 102678 100320 Morgan Stanley Com New 50677 57710 Mondelez IntlInc ClA 32726 34065 MicrosoftCorp Com 2641 395260 Micron Technology Inc 23863 19237 Meta Platforms Inc 26167 109800 Mastercard Inc 8547 205523 Marathon Petroleum Corp 10535 34353 Kla Corp Com New 17872 17567 3048162 2966242 0 0 Legal Fees 1890 0 1890 American Tower Corp 46292 46292 90164 Schwab US Reit 503893 610863 630900 Prologis Inc Com 31152 58838 51100 Collectible Good - American Indian Art 303278 303278 386825 Collectible Good - Furniture and Decorations 557319 557319 465775 Collectible Good - Paintings and Watercolors 1815142 2165142 3231200 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 375000 Bair Ranch Foundation 14486187 14486187 Various Mineral Interests 9 9 7551 Equinix Inc 16971 17215 Advertising 18821 0 18821 Other Museum Expenses 1190 0 1190 Museum Admissions 14942 14942 Royalty Income 1807 1807 1807 Other Income 10590 10590 10590 Basis Adjustment Paintings and Watercolors 350000 Trustee Fees 207829 51957 155872 Professional Fees 45000 0 45000 The Charles M. Bair Family Trust has a membership interest in another private foundation, The Bair Ranch Foundation. The Bair Ranch Foundation makes annual distributions based on the value of its assets. The contributions made to the Charles M. Bair Family Trust from the Bair Ranch Foundation are treated as pass through contributions. Accordingly, the value of the membership interest is not included as it is considered an exempt asset and to include the value here would result in duplication.As to the value of the membership interests, book value has been utilized throughout this Return of the Private Foundation. The membership interest is not transferrable or sellable and these restrictions create a situation whereby the true value is not easily determinable. Since it is an exempt asset the value is not a significant issue. Accordingly, book value has been used. Foreign Taxes 8259 8259 0 Payroll Taxes 23607 0 23607 Excise Taxes 22928 0 0