444 S FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: 444 S FOUNDATION (EIN 91-6468421)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-14
IRS object ID: 202533189349102953
Schema version: 2024v5.2
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
Accounting Fees Schedule
All Oth Prog Rltd Investments Sch
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-14T12:27:13-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	450250958	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	EIDE BAILLY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 W MERCER ST STE E300	AddressLine1Txt
City	SEATTLE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	981193958	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	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	2025-11-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ALLISON Z KOLLACK CPA	PreparerPersonNm
PTIN	P00458030	PTIN
Phone	2062857242	PhoneNum
Preparation	2025-11-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$64,813,368	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$983,009	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$983,009	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$4,201,340	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$21,056,124	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$4,201,340	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$5,184,349	TotalRevAndExpnssAmt
Total Net Invst Incm	$5,184,349	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$33,548	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$33,548	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$280,316	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$5,968	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$274,348	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$68,953	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$1,468	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$67,485	PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$49,245	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$24,622	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$24,623	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$366,328	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$330,220	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$36,108	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$97,620	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$44,620	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Occupancy Rev And Expnss	$24,696	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$526	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$24,170	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$16,775	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$16,775	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$74,343	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$3,797	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$70,546	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,011,824	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$411,221	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$547,603	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,510,625	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,510,625	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$3,522,449	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$411,221	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$3,058,228	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,661,900	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,773,128	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,636,182	CashBOYAmt
Cash EOY	$161,813	CashEOYAmt
Cash EOYFMV	$161,813	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$262,221	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$1,730,269	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$1,730,269	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$6,586,246	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$6,571,294	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$5,993,474	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$18,370,320	CorporateStockBOYAmt
Corporate Stock EOY	$20,167,853	CorporateStockEOYAmt
Corporate Stock EOYFMV	$34,810,150	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$2,617,949	CorporateBondsBOYAmt
Corporate Bonds EOY	$2,574,068	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$2,442,147	CorporateBondsEOYFMVAmt
Other Investments BOY	$14,642,584	OtherInvestmentsBOYAmt
Other Investments EOY	$14,564,891	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$19,599,675	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$1,824	OtherAssetsBOYAmt
Other Assets EOY	$4,186	OtherAssetsEOYAmt
Other Assets EOYFMV	$75,840	OtherAssetsEOYFMVAmt
Total Assets BOY	$44,117,326	TotalAssetsBOYAmt
Total Assets EOY	$45,774,374	TotalAssetsEOYAmt
Total Assets EOYFMV	$64,813,368	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$14,082	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$9,255	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$14,082	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$9,255	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$44,103,244	CapitalStockBOYAmt
Capital Stock EOY	$45,765,119	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	$44,103,244	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$45,765,119	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$44,117,326	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$45,774,374	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$44,103,244	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$1,661,900	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$45,765,144	SubtotalAmt
Other Decreases	$25	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$45,765,119	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDesc	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	AcquiredAcquiredDt	SoldSoldDt
PUBLICLY TRADED SECURITIES	$7,103,972	$7,097,585	$6,387	$6,387
PUBLICLY TRADED SECURITIES	$5,517,655	$4,419,932	$1,097,723	$1,097,723
PUBLICLY TRADED SECURITIES	$990,735	$895,054	$95,681	$95,681
PUBLICLY TRADED SECURITIES	$6,782,385	$4,203,954	$2,578,431	$2,578,431
PASSTHROUGH FROM FARALLON CAPITAL INVESTORS I, L.P.	$161,377		$161,377	$161,377
CAMBER CAPITAL OFFSHORE FUND, LTD PASSTHROUGH DISTRIBUTION	$500,000	$238,259	$261,741	$261,741	2017-04-30	2024-12-31

Field	Value	IRS element (for citing)
Capital Gain Net Income	$4,201,340	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$66,346	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$66,346	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$66,346	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$77,818	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$45,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$122,818	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$56,472	OverpaymentAmt
Applied To ES Tax	$56,472	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 (4 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	$33,548	$0	$0
CORRIE YACKULIC
PO BOX 1128	BELLEVUE	WA	98009	TRUSTEE	2.00	$0	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
FRED ACKERMAN-MUNSON
PO BOX 1128	BELLEVUE	WA	98009	EXEC DIRECTOR	40.00	$230,705	$30,500	$0
LEA WHITEHILL
PO BOX 1128	BELLEVUE	WA	98009	ADMINISTRATOR	20.00	$61,489	$4,800	$0

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	$209,756
BOSTON COMMON
84 STATE STREET SUITE 940	BOSTON	MA	02109	INVESTMENT MGMT	$69,653
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	$43,625,813	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,166,852	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$19,132,832	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$64,925,497	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$64,925,497	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$973,882	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$63,951,615	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,197,581	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,197,581	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$66,346	TaxBasedOnInvestmentIncomeAmt
Total Tax	$66,346	TotalTaxAmt
Distributable Before Adj	$3,131,235	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$3,131,235	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$3,131,235	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$3,058,228	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$3,058,228	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,131,235	DistributableAsAdjustedAmt
Undistributed Income PY	$2,328,992	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$3,058,228	QualifyingDistributionsAmt
Applied To Year1	$2,328,992	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$729,236	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	$2,401,999	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 (31 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	Foreign PostalRecipientForeignAddress/ForeignPostalCd
ADVOCATES FOR THE WEST
PO BOX 1612	BOISE	ID	83701	PC	ENVIRONMENTAL PRESERVATION	$25,000
ALASKA WILDERNESS LEAGUE
122 C STREET NW	WASHINGTON	DC	20001	PC	ENVIRONMENTAL PRESERVATION	$170,000
CPAWS YUKON
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$120,000	UNIT 101-301 HAWKINS ST	WHITEHORSE	YT	CA	Y1A 1X5
ECOJUSTICE CANADA SOCIETY
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$75,000	SUITE 390 425 CARRALL STREET	VANCOUVER	BC	CA	V6B 6E3
ENDANGERED SPECIES COALITION
PO BOX 65195	WASHINGTON	DC	20035	PC	ENVIRONMENTAL PRESERVATION	$75,000
ENVIRONMENT AMERICA RESEARCH & POLICY CENTER
1543 WAZEE STREET	DENVER	CO	80202	PC	ENVIRONMENTAL PRESERVATION	$50,000
GRAND CANYON TRUST
2601 N FORT VALLEY RD	FLAGSTAFF	AZ	86001	PC	ENVIRONMENTAL PRESERVATION	$25,000
INSTITUTE FOR NEW ECONOMICS
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$30,000	PO BOX 8542	VICTORIA	BC	CA	V8W 3S2
MAKEWAY FOUNDATION
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$250,000	400-163 WEST HASTINGS STREET	VANCOUVER	BC	CA	V6B 1H5
NATIVE AMERICAN RIGHTS FUND
745 WEST FOURTH AVENUE	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION	$45,000
NATIVE MOVEMENT
PO BOX 83467	FAIRBANKS	AK	99708	PC	ENVIRONMENTAL PRESERVATION	$135,000
NATURE CANADA
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$45,000	SUITE 300 240 BANK STREET	OTTAWA	ON	CA	K1P 5E7
NORTHERN ALASKA ENVIRONMENTAL CENTER
830 COLLEGE ROAD	FAIRBANKS	AK	99701	PC	ENVIRONMENTAL PRESERVATION	$25,000
RESOURCES LEGACY FUND
555 CAPITOL MALL SUITE 1095	SACRAMENTO	CA	95823	PC	ENVIRONMENTAL PRESERVATION	$51,375
ROUND RIVER CONSERVATION STUDIES
925 EAST 900 SOUTH SUITE 207	SALT LAKE CITY	UT	84125	PC	ENVIRONMENTAL PRESERVATION	$35,000
SILVIX RESOURCES
4107 NE COUCH STREET	PORTLAND	OR	97232	PC	ENVIRONMENTAL PRESERVATION	$15,000
THE ALASKA CENTER EDUCATION FUND
921 WEST 6TH AVENUE	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION	$115,000
THE WILDERNESS SOCIETY
1615 M STREET	WASHINGTON	DC	20015	PC	ENVIRONMENTAL PRESERVATION	$250,000
THEODORE ROOSEVELT CONSERVATION PARTNERSHIP
529 14TH ST NW STE 500	WASHINGTON	DC	20045	PC	ENVIRONMENTAL PRESERVATION	$60,000
TRUSTEES FOR ALASKA
1026 WEST FOURTH AVENUE	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION	$100,000
WEST COAST ENVIRONMENTAL LAW RESEARCH FOUNDATION
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$75,000	585 1111 W HASTINGS ST	VANCOUVER	BC	CA	V6E 2J3
WILDEARTH GUARDIANS
516 ALTO STREET	SANTA FE	NM	87501	PC	ENVIRONMENTAL PRESERVATION	$50,000
WILDERNESS WORKSHOP
PO BOX 1442	CARBONDALE	CO	81623	PC	ENVIRONMENTAL PRESERVATION	$23,000
WILDSIGHT
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$35,000	2-495 WALLINGER AVENUE	KIMBERLY	BC	CA	V1A 1Z6
WINTER WILDLANDS ALLIANCE
910 MAIN ST	BOISE	ID	83702	PC	ENVIRONMENTAL PRESERVATION	$195,000
YUKON CONSERVATION SOCIETY
				PC - EQUIVALENCY DET	ENVIRONMENTAL PRESERVATION	$30,000	302 HAWKINS ST	WHITEHORSE	YT	CA	Y1A 1X6
OREGON STATE UNIVERSITY FOUNDATION
4238 SW RESEARCH WAY	CORVALLIS	OR	97333	PC	ENVIRONMENTAL PRESERVATION	$26,250
THE CONSERVATION ALLIANCE
22 GREENBRIER LANE	MISSOULA	MT	59802	PC	ENVIRONMENTAL PRESERVATION	$50,000
AUDUBON ALASKA
431 WEST 7TH AVENUE STE 205	ANCHORAGE	AK	99501	PC	ENVIRONMENTAL PRESERVATION	$25,000
BIODIVERSITY FUNDERS GROUP
PO BOX 29361	SAN FRANCISCO	CA	94129	PC	ENVIRONMENTAL PRESERVATION	$275,000
ALASKA COMMUNITY ACTION ON TOXICS
1225 E INTERNATIONAL AIRPORT RD 220	ANCHORAGE	AK	99518	PC	1225 E INTERNATIONAL AIRPORT RD. #220	$30,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,510,625	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$983,009	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$4,201,340	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$5,184,349	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$5,184,349	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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING AND TAX PREPARATION FEES	CategoryTxt
Amt	$49,245	Amt
Net Investment Income	$24,622	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$24,623	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 (ADDITIONAL DETAIL AVAILABLE UPON REQUEST)	BondNm
EOY Book Value	$2,574,068	EOYBookValueAmt
EOYFMV	$2,442,147	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
US BANK - 05415 (ADDITIONAL DETAIL AVAILABLE UPON REQUEST)	$11,671,281	$24,710,822
BOSTON COMMON - BC076 (ADDITIONAL DETAIL AVAILABLE UPON REQUEST)	$3,486,361	$5,260,024
LPL FINANCIAL - 2971 (ADDITIONAL DETAIL AVAILABLE UPON REQUEST)	$5,010,211	$4,839,304

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$6,073,378	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$5,572,668	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$497,916	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$420,806	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
SPYGLASS CAPITAL MANAGEMENT - MUTUAL FUND	AT COST	$3,366,414	$3,039,909
ROCK SPRINGS CAPITAL OFFSHORE FUND, LP	AT COST	$2,000,000	$2,025,224
IMPACTIVE CAPITAL FUND LTD	AT COST	$3,000,000	$3,097,823
FARALLON PARTNERSHIP	AT COST	$4,555,841	$7,989,558
CAMBER CAPITAL OFFSHORE FUND, LTD.	AT COST	$1,642,636	$3,447,161

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
DIVIDEND RECEIVABLE	$1,236	$4,109	$4,109
ACCRUED INTEREST	$588	$77	$71,731

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	PRIOR PERIOD ADJUSTMENT	Desc
Amt	$25	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
GENERAL AND ADMINISTRATIVE	$1,629	$35	$1,594
SUPPLIES	$13,594	$289	$13,305
BANK FEES	$517	$517	$0
DUES & SUBSCRIPTIONS	$49,744	$0	$49,744
INSURANCE	$6,031	$128	$5,903
OTHER PORTFOLIO FEES	$2,828	$2,828	$0

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
RETIREMENT PAYABLE	$6,838	$6,930
CREDIT CARD PAYABLE	$7,244	$2,325

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES	$329,409	$329,409	$0
CONSULTANT FEES	$36,108	$0	$36,108
PASS-THROUGH FARALLON CAPITAL	$811	$811	$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL TAX	$53,000	$0	$0
FOREIGN TAX	$44,620	$44,620	$0