Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
The MacRae Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)8030 SE 20th Street   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Mercer Island, WA98040
A Employer identification number

91-2001720
B Telephone number (see instructions)

(206) 232-6040
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,791,917J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 74,143 74,143  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 244,031
b Gross sales price for all assets on line 6a 3,074,093
7 Capital gain net income (from Part IV, line 2)... 244,031
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 318,174 318,174  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,000 0   3,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 8,591 897   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 35,491 35,456   35
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,082 36,353   3,035
25 Contributions, gifts, grants paid........ 143,000 143,000
26 Total expenses and disbursements. Add lines 24 and 25 190,082 36,353   146,035
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 128,092
b Net investment income (if negative, enter -0-) 281,821
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 91,672 312,202 312,202
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........   1,892 1,892
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,441,070 Click to see attachment1,378,871 1,564,034
c Investments—corporate bonds (attach schedule)........ 884,813 Click to see attachment903,039 913,789
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 50,357 Click to see attachment0 0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,467,912 2,596,004 2,791,917
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,467,912 2,596,004
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,467,912 2,596,004
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,467,912 2,596,004
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 2,467,912
2 Enter amount from Part I, line 27a..................... 2 128,092
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 2,596,004
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 2,596,004
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a ABBOTT LABORATORIES - 14.000 SHS P 2013-09-23 2013-12-02
b ABBOTT LABORATORIES - 15.000 SHS P 2013-09-23 2013-12-03
c AGILENT TECHNOLOGIES INC - 386.000 SHS P 2013-04-23 2013-11-07
d ALPS ETF TR - 77.000 SHS P 2013-10-09 2013-12-02
e ALPS ETF TR - 66.000 SHS P 2013-10-09 2013-12-03
COLGATE PALMOLIVE COMPANY - 4.000 SHS P 2013-10-31 2013-12-02
COLGATE PALMOLIVE COMPANY - 9.000 SHS P 2013-10-31 2013-12-03
CVS CAREMARK CORPORATION - 3.000 SHS P 2013-10-31 2013-12-02
CVS CAREMARK CORPORATION - 8.000 SHS P 2013-10-31 2013-12-03
DISCOVER FINANCIAL SERVICES - 10.000 SHS P 2013-06-06 2013-12-02
DISCOVER FINANCIAL SERVICES - 4.000 SHS P 2013-06-06 2013-12-03
DOLLAR TREE INC - 15.000 SHS P 2013-03-26 2013-12-02
DOLLAR TREE INC - 7.000 SHS P 2013-03-26 2013-12-03
FIRST TRUST DOW JONES SELECT - 1,625.000 SHS P 2013-05-09 2013-10-31
FLEXSHARES TR - 74.000 SHS P 2013-10-31 2013-12-02
FLEXSHARES TR - 55.000 SHS P 2013-10-31 2013-12-03
FOOT LOCKER INC - 188.000 SHS P 2013-08-07 2013-10-22
FOOT LOCKER INC - 5.000 SHS P 2013-08-07 2013-10-23
FOOT LOCKER INC - 190.000 SHS P 2013-08-08 2013-10-23
GLOBAL X FDS - 26.000 SHS P 2013-08-07 2013-12-02
GLOBAL X FDS - 11.000 SHS P 2013-08-07 2013-12-03
GUGGENHEIM INSIDER SENTIMENT - 7.000 SHS P 2013-10-23 2013-12-02
GUGGENHEIM INSIDER SENTIMENT - 6.000 SHS P 2013-10-23 2013-12-03
GUGGENHEIM S&P 500 EQUAL - 324.000 SHS P 2013-01-08 2013-10-31
GUGGENHEIM S&P 500 EQUAL - 416.000 SHS P 2013-06-26 2013-10-10
ISHARES MBS ETF - 469.000 SHS P 2012-09-28 2013-03-13
ISHARES MORNINGSTAR LARGE CAP - 477.000 SHS P 2013-06-06 2013-09-18
ISHARES MORNINGSTAR LARGE CAP - 384.000 SHS P 2013-06-06 2013-09-23
ISHARES MORNINGSTAR LARGE CAP - 385.000 SHS P 2013-06-06 2013-10-10
ISHARES MORNINGSTAR LARGE CAP - 796.000 SHS P 2013-06-06 2013-10-31
ISHARES MSCI ALL COUNTRY ASIA - 41.000 SHS P 2013-09-10 2013-12-02
ISHARES MSCI ALL COUNTRY ASIA - 61.000 SHS P 2013-09-10 2013-12-03
ISHARES MSCI ALL COUNTRY ASIA - 838.000 SHS P 2013-09-10 2013-12-03
ISHARES MSCI ALL COUNTRY ASIA - 61.000 SHS P 2013-09-18 2013-12-12
ISHARES MSCI CANADA ETF - 24.000 SHS P 2013-01-31 2013-12-02
ISHARES MSCI CANADA ETF - 15.000 SHS P 2013-01-31 2013-12-03
ISHARES MSCI EAFE VALUE ETF - 16.000 SHS P 2013-05-30 2013-12-02
ISHARES MSCI EAFE VALUE ETF - 15.000 SHS P 2013-05-30 2013-12-03
ISHARES MSCI EMU ETF - 24.000 SHS P 2013-08-14 2013-12-02
ISHARES MSCI EMU ETF - 32.000 SHS P 2013-08-14 2013-12-03
ISHARES MSCI JAPAN - 181.000 SHS P 2013-07-08 2013-12-02
ISHARES MSCI JAPAN - 135.000 SHS P 2013-07-08 2013-12-03
ISHARES MSCI SOUTH KOREA - 4.000 SHS P 2013-09-10 2013-12-02
ISHARES MSCI SOUTH KOREA - 10.000 SHS P 2013-09-10 2013-12-03
ISHARES MSCI UNITED KINGDOM - 24.000 SHS P 2013-05-30 2013-12-02
ISHARES MSCI UNITED KINGDOM - 29.000 SHS P 2013-05-30 2013-12-03
ISHARES U S FINANCIAL SERVICES - 418.000 SHS P 2012-09-14 2013-01-29
ISHARES U S FINANCIAL SERVICES - 1.000 SHS P 2012-09-14 2013-04-03
ISHARES U S FINANCIAL SERVICES - 633.000 SHS P 2012-11-07 2013-04-03
ISHARES 1 -3 YEAR CREDIT BOND - 283.000 SHS P 2013-01-16 2013-07-24
ISHARES 1 -3 YEAR CREDIT BOND - 27.000 SHS P 2013-01-16 2013-12-02
ISHARES 1 -3 YEAR CREDIT BOND - 29.000 SHS P 2013-01-16 2013-12-03
JOHNSON* JOHNSON - 363.000 SHS P 2012-06-27 2013-05-24
MERCK COINC - 308.000 SHS P 2012-05-18 2013-01-03
METLIFE INC - 732.000 SHS P 2012-10-11 2013-02-22
NORDSTROM INC - 223.000 SHS P 2012-08-22 2013-02-12
PIMCO 0-5 YEAR HIGH YIELD - 43.000 SHS P 2013-02-20 2013-12-02
PIMCO 0-5 YEAR HIGH YIELD - 40.000 SHS P 2013-02-20 2013-12-03
POWERSHARES - 32.000 SHS P 2013-03-06 2013-12-02
POWERSHARES - 21.000 SHS P 2013-03-06 2013-12-03
POWERSHARES EXCHANGE TRADED FD - 2,438.000 SHS P 2012-01-27 2013-01-23
POWERSHARES EXCHANGE TRADED FD - 355.000 SHS P 2013-01-03 2013-12-12
POWERSHARES EXCHANGE TRADED FD - 301.000 SHS P 2013-01-31 2013-12-12
POWERSHARES EXCHANGE TRADED FD - 1,879.000 SHS P 2012-01-01 2013-01-29
POWERSHARES EXCHANGE TRADED FD - 639.000 SHS P 2012-01-01 2013-05-23
POWERSHARES EXCHANGE TRADED FD - 432.000 SHS P 2012-01-01 2013-08-07
POWERSHARES EXCHANGE TRADED FD - 124.000 SHS P 2012-01-01 2013-08-14
POWERSHARES EXCHANGE TRADED FD - 291.000 SHS P 2012-01-08 2013-08-14
POWERSHARES EXCHANGE TRADED FD - 381.000 SHS P 2012-01-08 2013-09-23
POWERSHARES EXCHANGE TRADED FD - 247.000 SHS P 2012-01-30 2013-09-23
POWERSHARES EXCHANGE TRADED FD - 872.000 SHS P 2012-01-30 2013-09-23
POWERSHARES GLOBAL EXCHANGE - 33.000 SHS P 2013-01-23 2013-12-02
POWERSHARES GLOBAL EXCHANGE - 26.000 SHS P 2013-01-23 2013-12-03
SELECT SCTOR SPDR TR SBI UTILS - 640.000 SHS P 2012-03-23 2013-01-29
SELECT SECTOR SPDR TRUST - 296.000 SHS P 2012-11-16 2013-03-06
SELECT SECTOR SPDR TRUST - 171.000 SHS P 2012-11-16 2013-04-23
SPDR - 126.000 SHS P 2013-02-20 2013-12-02
SPDR - 165.000 SHS P 2013-02-20 2013-12-03
SPDR S&P 500 ETF TRUST - 199.000 SHS P 2013-06-26 2013-07-25
SPDR SER TR - 630.000 SHS P 2013-04-03 2013-06-06
SPDR SER TR - 11.000 SHS P 2013-04-03 2013-12-02
SPDR SER TR - 6.000 SHS P 2013-04-03 2013-12-03
TIME WARNER INC - 328.000 SHS P 2012-06-27 2013-01-16
UNITEDHEALTH GROUP INC - 455.000 SHS P 2012-09-27 2013-01-08
VANGUARD FTSE EMERGING MARKETS - 315.000 SHS P 2012-07-03 2013-05-30
VANGUARD FTSE EMERGING MARKETS - 2,280.000 SHS P 2012-07-03 2013-06-17
VANGUARD FTSE EMERGING MARKETS - 125.000 SHS P 2012-09-17 2013-06-17
VANGUARD FTSE EMERGING MARKETS - 1,147.000 SHS P 2012-09-17 2013-06-26
VANGUARD 1NTL EQUITY INDEX FD - 533.000 SHS P 2012-08-29 2013-02-06
VANGUARD INTL EQUITY INDEX FD - 406.000 SHS P 2012-08-29 2013-02-11
VANGUARD INTL EQUITY INDEX FD - 138.000 SHS P 2012-09-07 2013-02-11
VANGUARD INTL EQUITY INDEX FD - 1,061.000 SHS P 2012-09-07 2013-03-19
VANGUARD INTL EQUITY INDEX FD - 555.000 SHS P 2012-10-08 2013-03-19
VANGUARD INTL EQUITY INDEX FD - 548.000 SHS P 2012-10-08 2013-03-25
VANGUARD SCOTTSDALE FUNDS - 409.000 SHS P 2012-09-28 2013-07-24
VANGUARD SECTOR INDEX FDS - 161.000 SHS P 2012-01-20 2013-01-16
VANGUARD SECTOR INDEX FDS - 417.000 SHS P 2012-11-16 2013-01-16
VANGUARD SECTOR INDEX FDS - 211.000 SHS P 2012-11-08 2013-04-23
VANGUARD SECTOR INDEX FDS - 351.000 SHS P 2012-12-19 2013-03-06
VANGUARD SECTOR INDEX FDS - 246.000 SHS P 2012-12-19 2013-03-26
VANGUARD SECTOR INDEX FDS - 237.000 SHS P 2012-12-19 2013-05-09
VANGUARD SECTOR INDEX FDS - 11.000 SHS P 2013-09-23 2013-12-02
VANGUARD SECTOR INDEX FDS - 8.000 SHS P 2013-09-23 2013-12-03
WALT DISNEY CO - 9.000 SHS P 2013-10-11 2013-12-02
WALT DISNEY CO - 4.000 SHS P 2013-10-11 2013-12-03
WISDOMTREE JAPAN HEDGED EQUITY - 905.000 SHS P 2012-12-20 2013-07-08
WISDOMTREE JAPAN HEDGED EQUITY - 440.000 SHS P 2013-02-11 2013-07-08
WISDOMTREE JAPAN HEDGED EQUITY - 184.000 SHS P 2013-02-11 2013-07-31
WISDOMTREE JAPAN HEDGED EQUITY - 606.000 SHS P 2013-03-11 2013-07-31
WISDOMTREE JAPAN HEDGED EQUITY - 130.000 SHS P 2013-03-25 2013-07-31
WISDOMTREE JAPAN HEDGED EQUITY - 15.000 SHS P 2013-03-25 2013-12-02
WISDOMTREE JAPAN HEDGED EQUITY - 8.000 SHS P 2013-03-25 2013-12-03
WISDOMTREE TR - 1,590.000 SHS P 2013-03-19 2013-07-25
WISDOMTREE TRUST - 787.000 SHS P 2012-01-08 2013-08-14
WISDOMTREE TRUST - 367.000 SHS P 2012-11-08 2013-09-10
WISDOMTREE TRUST - 512.000 SHS P 2012-11-30 2013-09-10
WISDOMTREE TRUST - 477.000 SHS P 2013-01-29 2013-09-10
WISDOMTREE TRUST - 97.000 SHS P 2013-01-29 2013-12-02
WISDOMTREE TRUST - 94.000 SHS P 2013-01-29 2013-12-03
WISDOMTREE TRUST JAPAN - 13.000 SHS P 2013-07-08 2013-12-02
WISDOMTREE TRUST JAPAN - 6.000 SHS P 2013-07-08 2013-12-03
ALTRIA GROUP INC - 36,000.000 SHS P 2011-09-09 2013-11-12
APPLE INC - 30.000 SHS P 2011-10-06 2013-01-08
APPLE INC - 30.000 SHS P 2011-10-06 2013-06-25
CREDIT SUISSE NASSAU 8RH - 812.000 SHS P 2012-09-12 2013-09-18
CREDIT SUISSE NASSAU BRH - 20.000 SHS P 2012-09-12 2013-12-02
CREDIT SUISSE NASSAU BRH - 20.000 SHS P 2012-09-12 2013-12-03
ISHARES IBOXX HIGH YIELD - 153.000 SHS P 2011-12-02 2013-06-06
ISHARES IBOXX HIGH YIELD - 303.000 SHS P 2011-12-02 2013-06-26
ISHARES IBOXX HIGH YIELD - 37.000 SHS P 2011-12-02 2013-07-02
ISHARES IBOXX HIGH YIELD - 578.000 SHS P 2012-06-07 2013-07-02
ISHARES IBOXX J HIGH YIELD - 6.000 SHS P 2012-06-07 2013-12-02
ISHARES IBOXX HIGH YIELD - 8.000 SHS P 2012-06-07 2013-12-03
ISHARES J P MORGAN USD - 638.000 SHS P 2011-09-07 2013-01-30
ISHARES J P MORGAN USD - 238.000 SHS P 2012-01-05 2013-01-30
ISHARES MSCI EAFE ETF - 34.000 SHS P 2012-11-30 2013-12-02
ISHARES MSCI EAFE ETF - 23.000 SHS P 2012-11-30 2013-12-03
ISHARES MSCI PACIFIC EX JAPAN - 567.000 SHS P 2012-01-27 2013-07-08
JPMORGAN CHASE 39000 SHS P 2011-09-09 2013-12-03
MCDONALDS CORP - 279.000 SHS P 2011-09-07 2013-05-09
MEADWESTVACO CORP - 238.000 SHS P 2011-09-07 2013-05-22
MEADWESTVACO CORP - 260.000 SHS P 2011-09-07 2013-05-23
MEADWESTVACO CORP - 265.000 SHS P 2011-09-07 2013-05-24
NORDSTROM INC - 218.000 SHS P 2011-10-06 2013-02-12
POWERSHARES EXCHANGE TRADED FD - 251.000 SHS P 2012-08-22 2013-12-02
POWERSHARES EXCHANGE TRADED FD - 104.000 SHS P 2012-08-22 2013-12-03
POWERSHARES EXCHANGE TRADED FD - 827.000 SHS P 2012-08-22 2013-12-12
POWERSHARES EXCHANGE TRADED FD - 851.000 SHS P 2012-10-11 2013-12-12
POWERSHARES GLOBAL EXCHANGE - 2,480.000 SHS P 2011-09-07 2013-02-20
POWERSHARES SENIOR LOAN - 370.000 SHS P 2012-03-09 2013-10-09
POWERSHARES SENIOR LOAN - 547.000 SHS P 2012-03-09 2013-10-17
POWERSHARES SENIOR LOAN - 359.000 SHS P 2012-03-09 2013-11-14
POWERSHARES SENIOR LOAN - 59.000 SHS P 2012-03-09 2013-12-02
POWERSHARES SENIOR LOAN - 58.000 SHS P 2012-03-09 2013-12-03
POWERSHARES SENIOR LOAN - 532.000 SHS P 2012-03-09 2013-12-04
POWERSHARES SENIOR LOAN - 343.000 SHS P 2012-09-12 2013-12-04
POWERSHARES SENIOR LOAN - 942.000 SHS P 2012-09-12 2013-12-12
QUALCOMM INC - 207.000 SHS P 1996-11-13 2013-01-16
SELECT SCTOR SPDR TR SBI UTILS - 635.000 SHS P 2011-12-21 2013-01-29
SHELL INTL FIN B V - 47,000.000 SHS P 2011-09-09 2013-12-03
SPDR - 614.000 SHS P 2011-09-13 2013-01-30
SPDR - 1,614.000 SHS P 2011-09-13 2013-02-06
SPDR - 212.000 SHS P 2011-09-13 2013-06-06
SPDR - 593.000 SHS P 2011-09-21 2013-06-06
SPDR - 688.000 SHS P 2011-09-21 2013-06-26
SPDR - 1,417.000 SHS P 2011-09-21 2013-07-02
SPDR - 12.000 SHS P 2011-09-21 2013-12-02
SPDR - 18.000 SHS P 2011-09-21 2013-12-03
SPDR DOW JONES REIT - 41.000 SHS P 2011-12-09 2013-01-15
SPDR DOW JONES REIT - 741.000 SHS P 2011-12-28 2013-01-15
TIME WARNER INC - 322.000 SHS P 2012-06-27 2013-08-14
U S BANCORP - 21,000.000 SHS P 2011-09-09 2013-12-03
UBS AG JERSEY BRH - 852.000 SHS P 2011-12-01 2013-08-07
VANGUARD FTSE EMERGING MARKETS - 631.000 SHS P 2011-10-18 2013-03-11
VANGUARD FTSE EMERGING MARKETS - 660.000 SHS P 2011-10-18 2013-05-30
VANGUARD INTL EQUITY INDEX FD - 60.000 SHS P 2012-10-08 2013-12-02
VANGUARD INTL EQUITY INDEX FD - 6.000 SHS P 2012-10-26 2013-12-02
VANGUARD INTL EQUITY INDEX FD - 89.000 SHS P 2012-10-26 2013-12-03
VANGUARD SCOTTSDALE FUNDS - 40.000 SHS P 2012-09-28 2013-12-02
VANGUARD SCOTTSDALE FUNDS - 43.000 SHS P 2012-09-28 2013-12-03
VANGUARD SECTOR INDEX FDS - 43.000 SHS P 2011-09-07 2013-01-16
VANGUARD SECTOR INDEX FDS - 12.000 SHS P 2012-11-08 2013-12-02
VANGUARD SECTOR INDEX FDS - 8.000 SHS P 2012-11-08 2013-12-03
VANGUARD SPECIALIZED FUNDS - 545.000 SHS P 2012-03-14 2013-06-06
VANGUARD SPECIALIZED FUNDS - 497.000 SHS P 2012-03-23 2013-06-06
VANGUARD SPECIALIZED FUNDS - 883.000 SHS P 2012-05-18 2013-06-06
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 534   493 41
b 564   528 36
c 19,391   16,435 2,956
d 1,923   1,887 36
e 1,648   1,617 31
262   260 2
588   584 4
201   187 14
534   499 35
534   479 55
207   192 15
836   720 116
386   336 50
49,157   41,948 7,209
2,435   2,389 46
1,794   1,775 19
6,313   6,714 -401
169   179 -10
6,438   6,806 -368
404   389 15
171   165 6
321   311 10
272   267 5
33,921   26,220 7,701
28,878   26,517 2,361
50,407   51,224 -817
36,311   35,032 1,279
28,908   28,202 706
28,220   28,276 -56
61,165   58,461 2,704
2,492   2,409 83
3,675   3,584 91
49,670   49,233 437
3,616   3,600 16
698   695 3
431   434 -3
905   836 69
839   784 55
964   876 88
1,265   1,168 97
2,183   2,090 93
1,615   1,559 56
258   247 11
633   617 16
488   459 29
585   555 30
26,225   24,373 1,852
65   58 7
41,008   35,687 5,321
29,706   29,914 -208
2,848   2,848 0
3,057   3,057 0
31,495   24,347 7,148
12,763   11,680 1,083
26,060   25,972 88
12,285   12,823 -538
4,576   4,490 86
4,252   4,177 75
1,344   1,053 291
873   691 182
40,027   36,467 3,560
10,228   8,038 2,190
8,673   7,091 1,582
54,404   52,947 1,457
20,323   18,006 2,317
13,961   12,173 1,788
3,966   3,494 472
9,306   8,006 1,300
12,060   10,482 1,578
7,819   6,905 914
27,603   24,290 3,313
1,423   1,236 187
1,109   974 135
23,284   22,160 1,124
23,160   20,247 2,913
12,988   11,697 1,291
3,884   3,886 -2
5,082   5,089 -7
33,498   31,818 1,680
33,266   32,485 781
689   567 122
371   309 62
16,109   12,435 3,674
23,452   25,546 -2,094
13,371   12,756 615
91,466   92,329 -863
5,015   5,373 -358
43,272   49,306 -6,034
26,712   24,013 2,699
20,213   18,291 1,922
6,870   6,462 408
52,961   49,686 3,275
27,703   25,658 2,045
27,020   25,334 1,686
32,552   32,859 -307
14,662   13,064 1,598
37,976   36,613 1,363
14,922   14,307 615
27,577   25,626 1,951
19,496   17,960 1,536
19,402   17,303 2,099
1,067   990 77
767   720 47
640   595 45
279   264 15
43,149   32,771 10,378
20,978   18,131 2,847
8,321   7,582 739
27,406   26,258 1,148
5,879   5,672 207
759   654 105
398   349 49
80,129   80,645 -516
48,940   41,799 7,141
22,507   19,492 3,015
31,399   27,421 3,978
29,253   26,933 2,320
6,349   5,477 872
6,115   5,307 808
665   626 39
303   289 14
36,000   36,000 0
15,740   11,429 4,311
12,065   11,429 636
22,966   19,772 3,194
618   487 131
610   487 123
14,036   13,300 736
27,518   26,338 1,180
3,354   3,216 138
52,399   51,090 1,309
558   530 28
743   707 36
76,699   70,970 5,729
28,612   25,899 2,713
2,243   1,873 370
1,501   1,267 234
24,359   24,482 -123
39,800   39,561 239
27,995   24,831 3,164
8,335   5,756 2,579
9,032   6,288 2,744
9,270   6,409 2,861
12,010   10,437 1,573
7,412   5,131 2,281
3,030   2,126 904
23,828   16,907 6,921
24,519   17,819 6,700
47,590   44,662 2,928
9,139   9,090 49
13,467   13,439 28
8,932   8,820 112
1,465   1,450 15
1,441   1,425 16
13,204   13,070 134
8,513   8,571 -58
23,402   23,538 -136
13,403   556 12,847
23,102   22,545 557
47,501   47,442 59
25,139   23,237 1,902
65,397   61,082 4,315
8,478   8,023 455
23,714   22,668 1,046
27,058   26,299 759
55,816   54,166 1,650
486   459 27
728   688 40
3,053   2,559 494
55,178   47,798 7,380
20,109   12,207 7,902
21,364   21,288 76
32,776   26,744 6,032
27,807   24,815 2,992
28,016   25,956 2,060
3,423   2,774 649
342   276 66
5,013   4,092 921
3,201   3,214 -13
3,444   3,455 -11
3,916   3,372 544
1,037   814 223
691   542 149
36,395   31,908 4,487
33,190   28,834 4,356
58,967   48,972 9,995
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       41
b       36
c       2,956
d       36
e       31
      2
      4
      14
      35
      55
      15
      116
      50
      7,209
      46
      19
      -401
      -10
      -368
      15
      6
      10
      5
      7,701
      2,361
      -817
      1,279
      706
      -56
      2,704
      83
      91
      437
      16
      3
      -3
      69
      55
      88
      97
      93
      56
      11
      16
      29
      30
      1,852
      7
      5,321
      -208
      0
      0
      7,148
      1,083
      88
      -538
      86
      75
      291
      182
      3,560
      2,190
      1,582
      1,457
      2,317
      1,788
      472
      1,300
      1,578
      914
      3,313
      187
      135
      1,124
      2,913
      1,291
      -2
      -7
      1,680
      781
      122
      62
      3,674
      -2,094
      615
      -863
      -358
      -6,034
      2,699
      1,922
      408
      3,275
      2,045
      1,686
      -307
      1,598
      1,363
      615
      1,951
      1,536
      2,099
      77
      47
      45
      15
      10,378
      2,847
      739
      1,148
      207
      105
      49
      -516
      7,141
      3,015
      3,978
      2,320
      872
      808
      39
      14
      0
      4,311
      636
      3,194
      131
      123
      736
      1,180
      138
      1,309
      28
      36
      5,729
      2,713
      370
      234
      -123
      239
      3,164
      2,579
      2,744
      2,861
      1,573
      2,281
      904
      6,921
      6,700
      2,928
      49
      28
      112
      15
      16
      134
      -58
      -136
      12,847
      557
      59
      1,902
      4,315
      455
      1,046
      759
      1,650
      27
      40
      494
      7,380
      7,902
      76
      6,032
      2,992
      2,060
      649
      66
      921
      -13
      -11
      544
      223
      149
      4,487
      4,356
      9,995
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 244,031
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 136,914 2,595,324 0.052754
2011 134,500 2,612,711 0.051479
2010 127,669 2,488,579 0.051302
2009 114,782 2,274,271 0.050470
2008 161,408 2,725,826 0.059214
2 Total of line 1, column (d) ...................... 2 0.265219
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.053044
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,683,406
5 Multiply line 4 by line 3....................... 5 142,339
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,818
7 Add lines 5 and 6......................... 7 145,157
8 Enter qualifying distributions from Part XII, line 4.............. 8 146,035
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,818
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 2,818
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,818
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 4,760
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,760
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,942
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet1,942 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCaroline Jill Davis Telephone no.bullet (206) 321-9119
    Located atbullet8030 SE 20th StreetMercer IslandWA ZIP+4bullet98040
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Caroline Jill Davis Director, President
    0.00     		0 0 0
    8030 SE 20th Street
    Mercer Island,WA98040
    Lesley A Poole Director, VP, Secretary
    0.00     		0 0 0
    4711 89th Avenue SE
    Mercer Island,WA98040
    Lissa M Tripp Director, Treasurer
    0.00     		0 0 0
    19202 N Leslie Lane
    Colbert,WA99005
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    134,170
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    2,818
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,818
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    131,352
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    131,352
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    131,352
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 131,352
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 25,988
    b From 2009....... 2,410
    c From 2010....... 4,335
    d From 2011....... 24,661
    e From 2012....... 11,869
    fTotal of lines 3a through e......... 69,263
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 146,035
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 131,352
    e Remaining amount distributed out of corpus 14,683
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 83,946
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		25,988
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		57,958
    10 Analysis of line 9:
    a Excess from 2009.... 2,410
    b Excess from 2010.... 4,335
    c Excess from 2011.... 24,661
    d Excess from 2012.... 11,869
    e Excess from 2013.... 14,683
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Camp Fire USA - Spokane Office
    524 N Mullan Road
    Spokane,WA99206     		  Non-Private Foundati Camp Sweyolakan 2,500
    Compassion & Choices
    PO Box 61369
    Seattle,WA981416369     		  non-Private Foundati Not Specified 1,000
    Farestart
    700 Virginia Street
    Seattle,WA98101     		  Non-Private Foundati Not Specified 2,500
    Friends of Fircrest
    15230 15th NE
    Shoreline,WA98155     		  Non-Private Foundati Therapy Garden 10,000
    Macaw Rescue & Sanctuary
    34032 Northeast Lake Joy Road
    Carnation,WA98014     		  non-Private Foundati Not Specified 500
    Mercer Island Preschool Association
    PO Box 464
    Mercer Island,WA98040     		  Non-Private Foundati Not Specified 15,000
    Mercer Island Schools Foundation
    PO Box 1243
    Mercer Island,WA98040     		  Non-Private Foundati Not Specified 1,500
    Pacific Northwest Ballet
    301 Mercer Street
    Seattle,WA98109     		  Non-Private Foundati Not Specified 20,000
    Port Townsend Marine Science Society
    532 Battery Way
    Port Townsend,WA983683636     		  Non-Private Foundati Not Specified 2,000
    Providence Regina House
    8201 10th Avenue South 6
    Seattle,WA98108     		  non-Private Foundati Not Specified 1,000
    Seattle Art Museum
    100 University Street
    Seattle,WA98101     		  Non-Private Foundati Support of The Docent Committee's Educational Fund and The Native American Art Department 50,000
    Seattle Repertory Theatre
    155 Mercer Street PO Box 900923
    Seattle,WA98109     		  Non-Private Foundati Not Specified 10,000
    See Your Impact
    1416 112th Ave NE
    Bellevue,WA98004     		  Non-Private Foundati Support Family and Education Focused Needs 2,500
    The Kohala Center Inc
    PO Box 437462
    Kamuela,HI96743     		  Non-Private Foundati Support Reef Teach Program 2,500
    Three Ring Ranch
    Big Island
    KailuaKona,HI967408815     		  Non-Private Foundati Not Specified 15,000
    Wananalua Congregational Church
    PO Box 188
    Hana,HI96713     		  Non-Private Foundati Not Specified 1,000
    Wilderness Awareness School
    PO Box 219 PMB 137
    Duvall,WA98019     		  Non-Private Foundati Not Specified 1,000
    YMCA Camping Services
    909 4th Avenue
    Seattle,WA98104     		  non-Private Foundati Support Outdoor Environmental Education Program at Camp Orkila 5,000
    Total .................................bullet 3a 143,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 74,143  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 244,031  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 318,174 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13318,174
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    The MacRae Foundation
    EIN: 91-2001720
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting & Tax Services 3,000 0   3,000

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    The MacRae Foundation
    EIN: 91-2001720
    Name of Bond End of Year Book Value End of Year Fair Market Value
    RBC Taxable Fixed Income 903,039 913,789

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    The MacRae Foundation
    EIN: 91-2001720
    Name of Stock End of Year Book Value End of Year Fair Market Value
    RBC US Equities 782,841 900,255
    RBC Int'l Equities 596,030 663,779

    TY 2013 InvestmentsOtherSchedule2
    Name:
    The MacRae Foundation
    EIN: 91-2001720
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RBC Other Assets AT COST 0 0

    TY 2013 OtherExpensesSchedule
    Name:
    The MacRae Foundation
    EIN: 91-2001720
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RBC Fees 29,409 29,409   0
    Investment Fees 6,047 6,047   0
    State Licenses 35 0   35


    TY 2013 TaxesSchedule
    Name:
    The MacRae Foundation
    EIN: 91-2001720
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax Withheld 897 897   0
    Federal Taxes 7,694 0   0