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      <TotalLiabilitiesGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>6710877</BOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>6710877</BOYAmt>
        <EOYAmt>6882666</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>6710877</BOYAmt>
        <EOYAmt>6882666</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>171820</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>-31</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <AcctCompileOrReviewBasisGrp />
      <FSAuditedInd>false</FSAuditedInd>
      <FSAuditedBasisGrp />
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      <SupportedOrgInformationGrp>
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          <BusinessNameLine1Txt>MONTANA DEPARTMENT OF FISH WILDLIFE AND PARKS</BusinessNameLine1Txt>
        </SupportedOrganizationName>
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      <SupportedOrgInformationGrp>
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      <SupportedOrgInformationGrp>
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      <SupportedOrgInformationGrp>
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      <SupportedOrgInformationGrp>
        <SupportedOrganizationName>
          <BusinessNameLine1Txt>CHOUTEAU COUNTY FAIR BOARD</BusinessNameLine1Txt>
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        <SupportAmt>10500</SupportAmt>
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      </SupportedOrgInformationGrp>
      <SupportedOrgInformationGrp>
        <SupportedOrganizationName>
          <BusinessNameLine1Txt>TITAN INC</BusinessNameLine1Txt>
        </SupportedOrganizationName>
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        <GoverningDocumentListedInd>false</GoverningDocumentListedInd>
        <SupportAmt>651</SupportAmt>
        <OtherSupportAmt>0</OtherSupportAmt>
      </SupportedOrgInformationGrp>
      <SupportedOrgInformationGrp>
        <SupportedOrganizationName>
          <BusinessNameLine1Txt>AMERICAN PUBLIC LAND EXCHANGE</BusinessNameLine1Txt>
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        <GoverningDocumentListedInd>false</GoverningDocumentListedInd>
        <SupportAmt>145</SupportAmt>
        <OtherSupportAmt>0</OtherSupportAmt>
      </SupportedOrgInformationGrp>
      <SupportedOrgInformationGrp>
        <SupportedOrganizationName>
          <BusinessNameLine1Txt>CITY OF FORT BENTON</BusinessNameLine1Txt>
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        <EIN>810510985</EIN>
        <OrganizationTypeCd>6</OrganizationTypeCd>
        <GoverningDocumentListedInd>false</GoverningDocumentListedInd>
        <SupportAmt>10500</SupportAmt>
        <OtherSupportAmt>0</OtherSupportAmt>
      </SupportedOrgInformationGrp>
      <SupportedOrgInformationGrp>
        <SupportedOrganizationName>
          <BusinessNameLine1Txt>CITY OF GREAT FALLS</BusinessNameLine1Txt>
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        <EIN>816001269</EIN>
        <OrganizationTypeCd>6</OrganizationTypeCd>
        <GoverningDocumentListedInd>false</GoverningDocumentListedInd>
        <SupportAmt>8530</SupportAmt>
        <OtherSupportAmt>0</OtherSupportAmt>
      </SupportedOrgInformationGrp>
      <SupportedOrganizationsTotalCnt>9</SupportedOrganizationsTotalCnt>
      <SupportSumAmt>684352</SupportSumAmt>
      <OtherSupportSumAmt>0</OtherSupportSumAmt>
      <Form990SchASupportingOrgGrp>
        <ListedByNameGoverningDocInd>false</ListedByNameGoverningDocInd>
        <SuprtOrgNoIRSDeterminationInd>false</SuprtOrgNoIRSDeterminationInd>
        <SupportedOrgSectionC456Ind>false</SupportedOrgSectionC456Ind>
        <SupportedOrgNotOrganizedUSInd>false</SupportedOrgNotOrganizedUSInd>
        <OrganizationChangeSuprtOrgInd>false</OrganizationChangeSuprtOrgInd>
        <SupportNonSupportedOrgInd>false</SupportNonSupportedOrgInd>
        <PaymentSubstantialContribtrInd>false</PaymentSubstantialContribtrInd>
        <LoanDisqualifiedPersonInd>false</LoanDisqualifiedPersonInd>
        <ControlledDisqualifiedPrsnInd>false</ControlledDisqualifiedPrsnInd>
        <DisqualifiedPrsnControllIntInd>false</DisqualifiedPrsnControllIntInd>
        <DisqualifiedPrsnOwnrIntInd>false</DisqualifiedPrsnOwnrIntInd>
        <ExcessBusinessHoldingsRulesInd>false</ExcessBusinessHoldingsRulesInd>
        <ContributionControllerInd>false</ContributionControllerInd>
        <ContributionFamilyInd>false</ContributionFamilyInd>
        <Contribution35ControlledInd>false</Contribution35ControlledInd>
      </Form990SchASupportingOrgGrp>
      <Form990SchAType3SprtOrgAllGrp>
        <TimelyProvidedDocumentsInd>false</TimelyProvidedDocumentsInd>
        <OfficersCloseRelationshipInd>true</OfficersCloseRelationshipInd>
        <SupportedOrgVoiceInvestmentInd>true</SupportedOrgVoiceInvestmentInd>
      </Form990SchAType3SprtOrgAllGrp>
      <Form990SchAType3FuncIntGrp>
        <ActivitiesTestInd>X</ActivitiesTestInd>
        <GovernmentalEntityInd>X</GovernmentalEntityInd>
        <ActivitiesFurtherExemptPrpsInd>true</ActivitiesFurtherExemptPrpsInd>
        <ActivitiesEngagedOrgInvlmntInd>true</ActivitiesEngagedOrgInvlmntInd>
        <AppointElectMajorityOfficerInd>false</AppointElectMajorityOfficerInd>
        <ExerciseDirectionPoliciesInd>false</ExerciseDirectionPoliciesInd>
      </Form990SchAType3FuncIntGrp>
      <DistributableAmountGrp>
        <CYAdjNetIncomeDistributableAmt>0</CYAdjNetIncomeDistributableAmt>
        <CYPct85AdjustedNetIncomeAmt>0</CYPct85AdjustedNetIncomeAmt>
        <CYTotalMinAstDistributableAmt>0</CYTotalMinAstDistributableAmt>
        <CYGreaterAdjustedMinimumAmt>0</CYGreaterAdjustedMinimumAmt>
        <CYIncomeTaxImposedPYAmt>0</CYIncomeTaxImposedPYAmt>
        <CYDistributableAsAdjustedAmt>0</CYDistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PAGE 4, SECTION A, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SUPPORTED ORGANIZATIONS ARE GOVERNMENT ENTITIES THAT PROVIDE SERVICE ALONG THE MISSOURI MADISON RIVER. THESE GOVERNMENT ENTITIES HAVE BEEN SUPPORTED SINCE THE ORGANIZATION WAS STARTED AND WILL CONTINUE TO BE SUPPORTED</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PAGE 5, SECTION D, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD IS COMPRISED OF MEMBERS OF THE SUPPORTED ORGANIZATION. EACH SUPPORTED ORGANIZATION HAS A SEAT ON THE BOARD AND THE SUPPPORTED ORGANIZATION APPOINTS A MEMBER OF THEIR ORGANIZATION TO REPRESENT THEM . THE BOARD MAKES ALL DECISIONS IN REGARD TO INVESTMENTS, GRANT APPROVALS, AND DISTRIBUTIONS.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PAGE 5, SECTION E, LINE 1C</FormAndLineReferenceDesc>
        <ExplanationTxt>GRANTS ARE PROVIDED TO GOVERNMENT ENTITIES TO FUND PROJECTS ALONG THE MISSOURI MADISON RIVER.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PAGE 5 SECTIONS E, LINE 2A</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL GRANTS THAT WERE PROVIDED TO THE SUPPORTED ORGANIZATION WERE MATCHED BY A GOVERNMENT ENTITY THAT ACTS AS THE SPONSOR AND MANAGES THE PROJECT THAT THE GRANT WAS AWARDED. THE GRANTS ARE AWARDED ONLY FOR PROJECTS WHOSE ACTIVITIES FALL UNDER THE EXEMPT PURPOSE OF THIS ENTITY.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PAGE 5, SECTION E, LINE 2B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNMENT ENTITIES THAT ARE SUPPORTED PROVIDED SERVICES ALONG THE MADISON MISSOURI RIVER. THE GRANTS THAT ARE AWARDED ARE USED TO HELP FUND THESE GOVERNMENT PROJECTS.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
    </IRS990ScheduleA>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>MONTANA DEPARTMENT OFFISH WILDLIFE AND PARKS</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO BOX 200701</AddressLine1Txt>
          <CityNm>HELENA</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59620</ZIPCd>
        </USAddress>
        <RecipientEIN>810302402</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>465602</CashGrantAmt>
        <PurposeOfGrantTxt>MAINTENANCE AND IMPROVEMENTS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>BUREAU OF LAND MANAGMENT</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>106 N PARKMONT</AddressLine1Txt>
          <CityNm>BUTTE</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59701</ZIPCd>
        </USAddress>
        <RecipientEIN>840437540</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>42784</CashGrantAmt>
        <PurposeOfGrantTxt>MAINTENANCE AND IMPROVEMENTS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>CHOUTEAU COUNTY FAIR BOARD</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO BOX 459</AddressLine1Txt>
          <CityNm>CARTER</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59420</ZIPCd>
        </USAddress>
        <RecipientEIN>458454564</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>10500</CashGrantAmt>
        <PurposeOfGrantTxt>CANOE CAMP</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>US FOREST SERVICE</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO BOX 6200-09</AddressLine1Txt>
          <CityNm>PORTLAND</CityNm>
          <StateAbbreviationCd>OR</StateAbbreviationCd>
          <ZIPCd>97228</ZIPCd>
        </USAddress>
        <RecipientEIN>237222333</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>124640</CashGrantAmt>
        <PurposeOfGrantTxt>GENERAL OPERATING</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>TOWN OF CASCADE</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO BOX 314</AddressLine1Txt>
          <CityNm>CASCADE</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59421</ZIPCd>
        </USAddress>
        <RecipientEIN>816001242</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>21000</CashGrantAmt>
        <PurposeOfGrantTxt>PARK OPERATING AND MAINTENACE</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>CITY OF GREAT FALLS - PARKS</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1700 RIVER DRIVE NORTH PO BOX 502</AddressLine1Txt>
          <CityNm>GREAT FALLS</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59403</ZIPCd>
        </USAddress>
        <RecipientEIN>816001269</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>8530</CashGrantAmt>
        <PurposeOfGrantTxt>GENERAL OPERATING</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>CITY OF FORT BENTON</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1204 FRONT ST</AddressLine1Txt>
          <CityNm>FORT BENTON</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59442</ZIPCd>
        </USAddress>
        <RecipientEIN>810510985</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
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        <PurposeOfGrantTxt>GENERAL OPERATING</PurposeOfGrantTxt>
      </RecipientTable>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTATION OF GRANTS AWARDED AND THE CRITERIA USED TO SELECT THE GRANT RECIPIENTS IS RETAINED BY THE MISSOURI-MADISON RIVER FUND. SUBSEQUENT USE OF GRANT FUNDS IS ALSO MONITORED AND RECORDS KEPT BY THE FUND.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S BOARD CHAIR REVIEWS THE ANNUAL 990 TAX FILING BEFORE THE RETURN IS SUBMITTED TO THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>REGULAR DISCUSSIONS ARE HELD AT BOARD MEETINGS REGARDING ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT IS NOTED, THAT MEMBER IS DISALLOWED FROM VOTING ON ITEMS OF CONFLICT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION PROVIDES ACCESS TO ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>EXPLANATION FOR FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>COST BASIS ADJUSTMENT</ExplanationTxt>
      </SupplementalInformationDetail>
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          <ZIPCd>59701</ZIPCd>
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          <CityNm>FORT BENTON</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
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          <CityNm>CARTER</CityNm>
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          <ZIPCd>59420</ZIPCd>
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          <CityNm>PORTLAND</CityNm>
          <StateAbbreviationCd>OR</StateAbbreviationCd>
          <ZIPCd>97228</ZIPCd>
        </USAddress>
        <EIN>237222333</EIN>
        <PrimaryActivitiesTxt>GOVERNMENT</PrimaryActivitiesTxt>
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        <PublicCharityStatusTxt>6</PublicCharityStatusTxt>
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        <ControlledOrganizationInd>false</ControlledOrganizationInd>
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        <DisregardedEntityName>
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        <USAddress>
          <AddressLine1Txt>PO BOX 5021</AddressLine1Txt>
          <CityNm>GREAT FALLS</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59403</ZIPCd>
        </USAddress>
        <EIN>816001269</EIN>
        <PrimaryActivitiesTxt>GOVERNMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>MT</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
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      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>TOWN OF CASCADE</BusinessNameLine1Txt>
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        <USAddress>
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          <CityNm>CASCADE</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59421</ZIPCd>
        </USAddress>
        <EIN>816001242</EIN>
        <PrimaryActivitiesTxt>GOVERNMENT</PrimaryActivitiesTxt>
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      <GiftGrntOrCapContriToOthOrgInd>true</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
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      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>