444 S FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: 444 S FOUNDATION (EIN 91-6468421)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-15
IRS object ID: 202143199349105924
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
All Oth Prog Rltd Investments Sch
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-15T14:14:27-06:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	274238573	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KING & OLIASON PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 W MERCER ST SUITE E300	AddressLine1Txt
City	SEATTLE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98119	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	916468421	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	444S FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	444S	BusinessNameControlTxt
Phone	4254544441	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1128	AddressLine1Txt
City	BELLEVUE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	980091128	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMES SHELDON	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	4254544441	PhoneNum
Signature	2021-11-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JAMES	PersonFirstNm
Person Last	SHELDON	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	NATALIE HEITZEBERG	PreparerPersonNm
PTIN	P01706536	PTIN
Phone	2062857242	PhoneNum
Preparation	2021-11-05	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$64,879,259	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,021,013	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$843,466	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$843,466	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$2,993,200	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$22,396,865	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$3,404,013	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$42,750	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$42,750	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$4,900,429	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,290,229	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$35,744	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$35,744	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$227,604	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$4,438	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$223,166	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$56,134	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$1,095	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$55,040	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$418	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$418	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$34,710	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$17,355	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$17,355	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$339,938	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$328,300	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$11,638	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$62,888	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$30,888	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$4,773	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$4,773	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$55,807	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$3,644	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$50,528	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$818,016	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$385,720	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$398,662	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,448,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,448,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$3,266,016	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$385,720	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$2,846,662	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,634,413	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,904,509	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$105,900	CashBOYAmt
Cash EOY	$105,858	CashEOYAmt
Cash EOYFMV	$105,858	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$989,955	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$995,516	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$995,516	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY	$3,340	PrepaidExpensesBOYAmt
US Government Obligations BOY	$5,094,552	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$6,605,978	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$7,121,359	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$20,757,492	CorporateStockBOYAmt
Corporate Stock EOY	$19,413,885	CorporateStockEOYAmt
Corporate Stock EOYFMV	$38,299,267	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$2,574,407	CorporateBondsBOYAmt
Corporate Bonds EOY	$2,945,580	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$3,104,999	CorporateBondsEOYFMVAmt
Other Investments BOY	$10,033,155	OtherInvestmentsBOYAmt
Other Investments EOY	$11,130,405	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$15,168,794	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$6,699	OtherAssetsBOYAmt
Other Assets EOY	$2,435	OtherAssetsEOYAmt
Other Assets EOYFMV	$83,466	OtherAssetsEOYFMVAmt
Total Assets BOY	$39,565,500	TotalAssetsBOYAmt
Total Assets EOY	$41,199,657	TotalAssetsEOYAmt
Total Assets EOYFMV	$64,879,259	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$2,827	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$2,571	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$2,827	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,571	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$39,562,673	CapitalStockBOYAmt
Capital Stock EOY	$41,197,086	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$0	RetainedEarningBOYAmt
Retained Earning EOY	$0	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$39,562,673	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$41,197,086	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$39,565,500	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$41,199,657	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$39,562,673	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$1,634,413	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$41,197,086	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$41,197,086	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PASSTHROUGH FROM PALO ALTO	2017-05-01	2020-04-01	$772,398	$1,000,000	-$227,602	-$227,602
PUBLICLY TRADED SECURITIES			$2,950,763	$2,572,805	$377,958	$377,958
PUBLICLY TRADED SECURITIES			$8,603,181	$7,588,024	$1,015,157	$1,015,157
PUBLICLY TRADED SECURITIES			$2,587,214	$2,528,707	$58,507	$58,507
PUBLICLY TRADED SECURITIES			$7,427,989	$5,303,316	$2,124,673	$2,124,673
PASSTHROUGH FROM FARALLON CAPITAL INVESTORS I, L.P.			$55,320		$55,320	$55,320

Field	Value	IRS element (for citing)
Capital Gain Net Income	$3,404,013	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$54,273	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$54,273	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$54,273	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$47,769	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$64,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$111,769	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$57,496	OverpaymentAmt
Applied To ES Tax	$57,496	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	WA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	LEA WHITEHILL	IndividualWithBooksNm
Phone	4254544441	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1128	AddressLine1Txt
City	BELLEVUE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	980091128	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
CYNTHIA ANN WAYBURN
PO BOX 546	BELLEVUE	WA	98009	TRUSTEE	3.00	$0	$0	$0
WILLIAM MORGAN ROUSH
PO BOX 3725	BELLEVUE	WA	98009	TRUSTEE	3.00	$0	$0	$0
JAMES N SHELDON
PO BOX 1128	BELLEVUE	WA	98009	TRUSTEE	5.00	$35,744	$0	$0
AMY GULICK
PO BOX 1128	BELLEVUE	WA	98009	TRUSTEE	2.00	$0	$0	$0
CORRIE YACKULIC
PO BOX 1128	BELLEVUE	WA	98009	TRUSTEE	2.00	$0	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp

Field	Value	IRS element (for citing)
Person	FRED MUNSON	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1128	AddressLine1Txt
City	BELLEVUE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98009	ZIPCd

Field	Value	IRS element (for citing)
Title	EXEC DIRECTOR	TitleTxt
Average Hrs Per Wk Devoted To Pos	40.00	AverageHrsPerWkDevotedToPosRt
Compensation	$192,964	CompensationAmt
Employee Benefits	$18,148	EmployeeBenefitsAmt
Expense Account	$0	ExpenseAccountAmt

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
BOSTON TRUST & INVESTMENT MGMT CO
ONE BEACON ST 33RD FL	BOSTON	MA	02108	INVESTMENT MGMT	$197,867
BOSTON COMMON
84 STATE STREET SUITE 940	BOSTON	MA	02109	INVESTMENT MGMT	$79,614
MONTICELLO ASSOCIATES
109 STATE STREET SUITE 401	BOSTON	MA	02109	INVESTMENT MGMT	$50,000

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt
Expenses1	$0	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NONE	Description1Txt
Expenses1	$0	Expenses1Amt
All Other Program Rltd Invst Tot	$0	AllOtherProgramRltdInvstTotAmt
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$44,620,551	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$1,372,820	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$12,769,073	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$58,762,444	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$58,762,444	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$881,437	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$57,881,007	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,894,050	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$2,894,050	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$54,273	TaxBasedOnInvestmentIncomeAmt
Total Tax	$54,273	TotalTaxAmt
Distributable Before Adj	$2,839,777	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$2,839,777	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$2,839,777	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$2,846,662	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$2,846,662	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$2,846,662	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$2,839,777	DistributableAsAdjustedAmt
Undistributed Income PY	$2,152,842	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$2,846,662	QualifyingDistributionsAmt
Applied To Year1	$2,152,842	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$693,820	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$2,145,957	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	CYNTHIA ANN WAYBURN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (38 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line1RecipientForeignAddress/AddressLine1Txt	CityRecipientForeignAddress/CityNm	Province Or StateRecipientForeignAddress/ProvinceOrStateNm	CountryRecipientForeignAddress/CountryCd
ADVOCATES FOR THE WEST
PO BOX 1612	BOISE	ID	83701	PC	ENVIRONMENTAL PRESERVATION - FOREST PROGRAM	$30,000
ALASKA MARINE CONSERVATION COUNCIL
PO BOX 101145	ANCHORAGE	AK	99510	PC	ENVIRONMENTAL PRESERVATION - ALASKA ENVIRONMENTAL INFRASTRUCTURE PROGRAM	$20,000
ALASKA WILDERNESS LEAGUE
122 C STREET NW	WASHINGTON	DC	20001	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$140,000
BOREAL SONGBIRD
1904 3RD AVE SUITE 305	SEATTLE	WA	98101	PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$133,000
CANADIAN PARKS AND WILDERNESS SOCIETY
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$20,000	BOX 1934	YELLOWKNIFE	NT	CA
CENTER FOR AMERICAN PROGRESS
1333 H STREET NW 10TH FLOOR	WASHINGTON	DC	20005	PC	ENVIRONMENTAL PRESERVATION - BEDROCK ENVIRONMENTAL LAWS PROGRAM	$75,000
CONSERVATION LANDS FOUNDATION
835 E 2ND AVE	DURANGO	CO	81301	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$15,000
CPAWS YUKON
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$100,000	506 STEELE ST	WHITEHORSE	YT	CA
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500	SAN FRANCISCO	CA	94111	PC	ENVIRONMENTAL PRESERVATION - ALASKA ENVIRONMENTAL INFRASTRUCTURE PROGRAM	$40,000
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500	SAN FRANCISCO	CA	94111	PC	ENVIRONMENTAL PRESERVATION - BEDROCK ENVIRONMENTAL LAWS PROGRAM	$60,000
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500	SAN FRANCISCO	CA	94111	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$140,000
ECOJUSTICE CANADA SOCIETY
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - BEDROCK ENVIRONMENTAL LAWS PROGRAM	$100,000	SUITE 390 425 CARRALL STREET	VANCOUVER	BC	CA
ENDANGERED SPECIES COALITION
POB 65195	WASHINGTON	DC	20035	PC	ENVIRONMENTAL PRESERVATION - BEDROCK ENVIRONMENTAL LAWS PROGRAM	$75,000
ENVIRONMENT AMERICA RESEARCH & POLICY CENTER
1543 WAZEE STREET	DENVER	CO	80202	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$20,000
FRIENDS OF THE EARTH
1101 15TH STREET NW 11TH FLOOR	WASHINGTON	DC	20005	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$10,000
INSTITUTE FOR NEW ECONOMICS
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$25,000	PO BOX 8542	VICTORIA	BC	CA
MAKEWAY FOUNDATION
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$150,000	400-163 WEST HASTINGS STREET	VANCOUVER	BC	CA
NATIVE AMERICAN RIGHTS FUND
745 WEST FOURTH AVENUE	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$15,000
NATIVE MOVEMENT
PO BOX 83467	FAIRBANKS	AK	99708	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$40,000
NATURE CANADA
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$38,000	300-75 ALBERT ST	OTTAWA	ON	CA
NORTHERN ALASKA ENVIRONMENTAL CENTER
830 COLLEGE ROAD	FAIRBANKS	AK	99701	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$45,000
PACIFIC ENVIRONMENT
473 PINE STREET	SAN FRANCISCO	CA	94104	PC	ENVIRONMENTAL PRESERVATION - ARCTIC PROGRAM	$15,000
SIERRA CLUB FOUNDATION
2101 WEBSTER STREET STE 1300	OAKLAND	CA	94612	PC	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$25,000
THE ALASKA CENTER EDUCATION FUND
921 WEST 6TH AVENUE	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION - ALASKA ENVIRONMENTAL INFRASTRUCTURE PROGRAM	$185,000
THE PARTNERSHIP PROJECT
PO BOX 65826	WASHINGTON DC	DC	20035	PC	ENVIRONMENTAL PRESERVATION - NATIONAL ENVIRONMENTAL POLICY ACT PROJECT PROJECT	$42,000
THE PARTNERSHIP PROJECT
PO BOX 65826	WASHINGTON DC	DC	20035	PC	ENVIRONMENTAL PRESERVATION - COMBINED DEFENSE PROJECT	$100,000
THE PEMBINA INSTITUTE
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - BEDROCK ENVIRONMENTAL LAWS PROGRAM	$45,000	200 219 19 STREET NW	CALGARY	AB	CA
THE WILDERNESS SOCIETY
1615 M STREET	WASHINGTON DC	DC	20015	PC	ENVIRONMENTAL PRESERVATION - ARTIC PROGRAM	$160,000
THE WILDERNESS SOCIETY
1615 M STREET	WASHINGTON DC	DC	20015	PC	ENVIRONMENTAL PRESERVATION - FOREST PROGRAM	$90,000
TRUSTEES FOR ALASKA
1026 WEST FOURTH AVENUE	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION - ALASKA ENVIRONMENTAL INFRASTRUCTURE PROGRAM	$55,000
TRUSTEES FOR ALASKA
1026 WEST FOURTH AVENUE	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION - ALASKA ENVIRONMENTAL INFRASTRUCTURE PROGRAM	$20,000
WEST COAST ENVIRONMENTAL LAW RESEARCH FOUNDATION
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - BEDROCK ENVIRONMENTAL LAWS PROGRAM	$75,000	200-2006 WEST 10TH AVENUE	VANCOUVER	BC	CA
WESTERN ENVIRONMENTAL LAW CENTER
PO BOX 10947	EUGENE	OR	97440	PC	ENVIRONMENTAL PRESERVATION - FOREST PROGRAM	$70,000
WILDEARTH GUARDIANS
516 ALTO STREET	SANTA FE	NM	87501	PC	ENVIRONMENTAL PRESERVATION - FOREST PROGRAM	$50,000
WILDSIGHT
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$35,000	2-495 WALLINGER AVENUE	KIMBERLY	BC	CA
WINTER WILDLANDS ALLIANCE
910 MAIN ST	BOISE	ID	83702	PC	ENVIRONMENTAL PRESERVATION - FOREST PROGRAM	$130,000
YUKON CONSERVATION SOCIETY
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - NORTHERN WILDLANDS PROGRAM	$30,000	302 HAWKINS ST	WHITEHORSE	YT	CA
ENVIRONMENTAL DEFENSE CANADA INC
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION - BEDROCK ENVIRONMENTAL LAWS PROGRAM	$30,000	116 SPADINA AVENUE SUITE 300	TORONTO	ON	CA

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,448,000	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$843,466	ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$42,750	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$2,993,200	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$3,879,416	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,879,416	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	CYNTHIA WAYBURN	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 546	AddressLine1Txt
City	BELLEVUE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98009	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,021,013	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Noncash Property	3,750 SHARES OF FED EX CORP	NoncashPropertyDesc
Fair Market Value	$1,021,013	FairMarketValueAmt
Received	2020-10-09	ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING AND TAX PREPARATION FEES	CategoryTxt
Amt	$34,710	Amt
Net Investment Income	$17,355	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$17,355	DisbursementsCharitablePrpsAmt

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Desc	NONE	Desc
Amt	$0	Amt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	US BANK - 05415	BondNm
EOY Book Value	$2,945,580	EOYBookValueAmt
EOYFMV	$3,104,999	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
US BANK - 05415	$12,781,826	$27,045,496
BOSTON COMMON - BC076	$6,632,059	$11,253,771

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$6,082,000	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$6,571,258	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$523,978	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$550,101	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
FARALLON PARTNERSHIP	AT COST	$4,130,405	$6,198,189
CAMBER CAPITAL OFFSHORE FUND, LTD.	AT COST	$3,000,000	$4,452,787
ROCK SPRINGS CAPITAL OFFSHORE FUND, LP	AT COST	$1,000,000	$1,545,682
SPYGLASS CAPITAL MANAGEMENT - MUTUAL FUND	AT COST	$1,500,000	$1,472,136
IMPACTIVE CAPITAL FUND LTD	AT COST	$1,500,000	$1,500,000

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$418	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$418	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
DIVIDEND RECEIVABLE	$1,162	$20	$20
CASH IN TRANSIT	$788	$1,748	$1,748
ACCRUED INTEREST	$4,749	$667	$81,698

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
GENERAL AND ADMINISTRATIVE	$1,073	$21	$1,052
SUPPLIES	$8,425	$164	$8,260
BANK FEES	$345	$345	$0
DUES & SUBSCRIPTIONS	$36,370	$0	$36,370
TELEPHONE & INTERNET	$2,394	$0	$2,394
INSURANCE	$2,475	$48	$2,427
OTHER PORTFOLIO FEES	$3,066	$3,066	$0
LICENSES AND FEES	$25	$0	$25
MISC. EXPENSE	$1,634	$0	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	PASSTHROUGH FROM FARALLON CAPITAL INVESTORS I, L.P. - PFIC INCOME SECT. 1291	Desc
Revenue And Expenses Per Books	$42,750	RevenueAndExpensesPerBooksAmt
Net Investment Income	$42,750	NetInvestmentIncomeAmt
Adjusted Net Income	$42,750	AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
RETIREMENT PAYABLE	$1,755	$1,824
CREDIT CARD PAYABLE	$1,072	$747

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES	$327,480	$327,480	$0
CONSULTANT FEES	$11,638	$0	$11,638
PASS-THROUGH FARALLON CAPITAL	$820	$820	$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAX	$30,888	$30,888	$0
FEDERAL TAX	$32,000	$0	$0