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
BISHOP FLEET FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1420 FIFTH AVENUE SUITE 3200   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981012349
A Employer identification number

91-6031057
B Telephone number (see instructions)

(206) 971-4130
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$2,381,652J 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 9 9  
4 Dividends and interest from securities...... 55,871 55,871  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 104,091
b Gross sales price for all assets on line 6a 605,581
7 Capital gain net income (from Part IV, line 2)... 104,091
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........ 159,971 159,971  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,665 2,072   4,593
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 4,350 2,175   2,175
c Other professional fees (attach schedule).... Click to see attachment 16,604 16,604   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 1,855 738   117
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 22 11   11
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 159 66   93
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 29,655 21,666   6,989
25 Contributions, gifts, grants paid........ 104,250 104,250
26 Total expenses and disbursements. Add lines 24 and 25 133,905 21,666   111,239
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,066
b Net investment income (if negative, enter -0-) 138,305
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...............      
2 Savings and temporary cash investments.......... 57,616 58,337 58,337
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...........      
10a Investments—U.S. and state government obligations (attach schedule) 161,182 Click to see attachment126,592 142,076
b Investments—corporate stock (attach schedule)........ 1,170,754 Click to see attachment1,086,927 1,621,508
c Investments—corporate bonds (attach schedule)........ 387,145 Click to see attachment533,583 552,882
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,238 Click to see attachment6,849 Click to see attachment6,849
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,781,935 1,812,288 2,381,652
Liabilities 17 Accounts payable and accrued expenses.......... 532 4,819
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).......... 532 4,819
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......... 1,781,403 1,807,469
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).................... 1,781,403 1,807,469
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,781,935 1,812,288
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 1,781,403
2 Enter amount from Part I, line 27a..................... 2 26,066
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,807,469
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 1,807,469
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 PUBLICLY TRADED SECURITIES      
b SECURITIES LITIGATION SETTLEMENT P   2013-07-08
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 604,980   501,490 103,490
b 12     12
c 589     589
d
e
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       103,490
b       12
c       589
d
e
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 2 104,091
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 110,275 2,186,901 0.050425
2011 94,193 2,228,286 0.042272
2010 88,950 2,105,684 0.042243
2009 85,765 1,929,122 0.044458
2008 50,072 2,189,352 0.022871
2 Total of line 1, column (d) ...................... 2 0.202269
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 0.040454
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,279,267
5 Multiply line 4 by line 3....................... 5 92,205
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,383
7 Add lines 5 and 6......................... 7 93,588
8 Enter qualifying distributions from Part XII, line 4.............. 8 111,239
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 1,383
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 1,383
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 1,383
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,744
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 2,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,244
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 2,861
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet2,861 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 - NONE
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (206) 971-4130
    Located atbullet1420 FIFTH AVENUE SUITE 3200SEATTLEWA ZIP+4bullet981012349
    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
     
    No
    .........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
     
    No
    .........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
    JAMES R CALLAGHAN PRESIDENT & TRUSTEE
    3.00     		4,265 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    C LEIGH CALLAGHAN VICE PRESIDENT & TRUSTEE
    0.50     		1,200 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    CHRISTIAN W BIRKELAND SECRETARY/TREASURER & TRUSTEE
    0.50     		1,200 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    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
    113,963
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    1,383
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,383
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    112,580
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    112,580
    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
    112,580
    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 7 112,580
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 95,659
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 111,239
    a Applied to 2012, but not more than line 2a 95,659
    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..... 15,580
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		97,000
    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) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    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 or e-mail address of the person to whom applications should be addressed:
    CHRISTIAN W BIRKELAND
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    (206) 971-4130
    BISHOPFLEETFOUNDATION@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    SCHOLARSHIP APPLICATION FORM
    cAny submission deadlines:
    MAY 1 FOR GRANTS FOR THE FOLLOWING ACADEMIC YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO STUDENTS ENROLLED IN A FOUR-YEAR ACADEMIC PROGRAM LEADING TO A DEGREE. SCHOLARSHIP IS LIMITED TO $2,500 PER STUDENT PER ACADEMIC YEAR.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CHRISTIAN W BIRKELAND
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    (206) 971-4130
    bThe form in which applications should be submitted and information and materials they should include:
    NO PARTICULAR FORM
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALZHEIMER'S ASSOCIATION OF THE NORTHWEST
    100 W HARRISON STREET N 200
    SEATTLE,WA98119     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    ARTHRITIS FOUNDATION WASHINGTON STATE CHAPTER
    115 NE 10TH STREET 350
    SEATTLE,WA98125     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    BELLEVUE COLLEGE
    3000 LANDERHOLM CIRCLE SE
    BELLEVUE,WA980076484     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    BIG BROTHERS & BIG SISTERS OF PUGET SOUND
    1600 S GRAHAM STREET
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    BOYS AND GIRLS CLUBS OF KING COUNTY
    603 STEWART STREET 300
    SEATTLE,WA98101     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    CALIFORNIA POLYTECHNIC STATE UNIVERSITY
    CALIFORNIA POLYTECHNIC STATE
    UNIVERSITY
    SAN LUIS OBISPO,CA93407     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    CHILDREN'S HOME SOCIETY OF WASHINGTON
    PO BOX 15190
    SEATTLE,WA981159959     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    CITY OF MONTESANO
    401 MAIN STREET N
    MONTESANO,WA98563     		N/A - NONE GOVERNMENT ENTITY GENERAL SUPPORT 1,000
    COMMUNITY FOR YOUTH
    999 THIRD AVENUE 1570
    SEATTLE,WA981044015     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    COMMUNITY HOMES
    PO BOX 1240
    BOTHELL,WA98041     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    CONSERVATION NW
    1208 BAY STREET 201
    BELLINGHAM,WA98225     		N/A - NONE PUBLIC CHARITY LOOMIS FOREST FUND 1,000
    EASTERN WASHINGTON UNIVERSITY
    526 5TH STREET
    CHENEY,WA99004     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 10,000
    EXPERIMENTAL EDUCATION UNIT
    PO BOX 357925
    SEATTLE,WA98195     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    FORGOTTEN CHILDREN'S FUND
    PO BOX 9936
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    FRED HUTCHINSON CANCER RESEARCH FOUNDATION
    PO BOX 19024 MAIL STOP 5200
    SEATTLE,WA981091024     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    KCTS TELEVISION
    401 MERCER STREET
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    KUOW RADIO 949
    4518 UNIVERSITY WAY NE 310
    SEATTLE,WA981054535     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    LIFELONG AIDS ALLIANCE
    1002 E SENECA STREET
    SEATTLE,WA981224214     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    MAKE-A-WISH FOUNDATION OF WASHINGTON STATE
    811 FIRST AVENUE 520
    SEATTLE,WA98104     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA021394307     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    MUSEUM OF FLIGHT
    9404 E MARGINAL WAY S
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY GREATER NORTHWEST CHAPTER
    192 NICKERSON STREET 100
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,500
    NORTHWEST HARVEST
    PO BOX 12272
    SEATTLE,WA98102     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 4,000
    NORTHWEST SCHOOL FOR HEARING IMPAIRED CHILDREN
    PO BOX 31325
    SEATTLE,WA98103     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    OREGON STATE UNIVERSITY
    1500 SW JEFFERSON WAY
    CORVALLIS,OR97331     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    PACIFIC SCIENCE CENTER
    200 SECOND AVENUE N
    SEATTLE,WA980194895     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    PLANNED PARENTHOOD OF SEATTLE-KING COUNTY
    2001 E MADISON
    SEATTLE,WA981221090     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    RECOVERY CAFE
    2022 BOREN AVENUE
    SEATTLE,WA98121     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    RONALD MCDONALD HOUSE SEATTLE
    5130 40TH AVENUE NE
    SEATTLE,WA98105     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    RYTHER FOUNDATION
    2400 NE 95TH STREET
    SEATTLE,WA981159959     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SEATTLE CHILDREN'S HOME
    2142 TENTH AVENUE W
    SEATTLE,WA98119     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SEATTLE CHILDREN'S HOSPITAL RESEARCH FOUNDATION
    PO BOX 5571 MAIL STOP S200
    SEATTLE,WA981455005     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SEATTLE GOODWILL
    1765 6TH AVENUE S
    SEATTLE,WA98134     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    SEATTLE UNIVERSITY
    901 12TH AVENUE
    SEATTLE,WA98122     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    SOULUMINATION
    5201 11TH AVENUE NW
    SEATTLE,WA98107     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SWEDISH MEDICAL CENTER FOUNDATION
    747 BROADWAY
    SEATTLE,WA981224307     		N/A - NONE PUBLIC CHARITY RIVKIN OVARIAN RESEARCH 1,000
    SWEDISH MEDICAL CENTER FOUNDATION
    6100 219TH STREET 400
    MONTLAKE TERRACE,WA980432229     		N/A - NONE PUBLIC CHARITY SWEDISH VISITING NURSE SERVICE 1,000
    THE HOPE HEART INSTITUTE
    550 17TH AVENUE 410
    SEATTLE,WA98122     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    THE MILLIONAIR CLUB CHARITY INC
    2515 WESTERN AVENUE
    SEATTLE,WA98121     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    THE SALVATION ARMY
    PO BOX 9219
    SEATTLE,WA981090200     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    TREEHOUSE FOR KIDS
    2100 24TH AVENUE S 200
    SEATTLE,WA981444612     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    UNION GOSPEL MISSION
    PO BOX 202
    SEATTLE,WA981110202     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    UNIVERSITY OF IDAHO
    875 PERIMETER DRIVE
    MOSCOW,ID83844     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    VILLAGE COMMUNITY SERVICES
    3210 SMOKEY POINT DRIVE 200
    ARLINGTON,WA982237805     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    VIRGINIA MASON FOUNDATION
    1218 TERRY AVENUE
    SEATTLE,WA98111     		N/A - NONE PUBLIC CHARITY BENAROYA RESERCH INSTITUTE 1,000
    WASHINGTON STATE UNIVERSITY
    WASHINGTON STATE UNIVERSITY
    PULLMAN,WA99164     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 11,250
    WESTERN WASHINGTON UNIVERSITY
    516 HIGH STREET
    BELLINGHAM,WA98225     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    WHITWORTH UNIVERSITY
    300 W HAWTHORNE ROAD
    SPOKANE,WA99251     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 5,000
    YMCA OF GREATER SEATTLE
    909 FOURTH AVENUE
    SEATTLE,WA981041194     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    YOUTH CARE
    2500 NE 54TH STREET 100
    SEATTLE,WA98105     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    YWCA SEATTLE EMERGENCY HOUSING
    1118 FIFTH AVENUE
    SEATTLE,WA98101     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    Total .................................bullet 3a 104,250
    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 ............     		    14 9  
    4 Dividends and interest from securities....     14 55,871  
    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 .............     		    18 104,091  
    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).. 0 159,971 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13159,971
    (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:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION FEES - VON HARTEN & COMPANY INC 4,350 2,175   2,175

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANHEUSER-BUSCH INBEV 2.5% 7/15/2022 15,145 13,892
    AT&T INC 5.2% 9/15/2014 9,899 10,321
    BECTON DICKINSON & CO 5% 5/15/2019 10,530 11,189
    BERSHIRE HATHAWAY 3.4% 1/31/2022 16,134 14,914
    BLACKROCK INC 4.25% 5/24/2021 15,199 15,846
    BOEING CO 6% 3/15/2019 11,027 11,781
    CATERPILLAR INC 7.9% 12/15/2018 25,253 31,495
    CISCO SYSTEMS INC 5.5% 2/22/2016 25,886 27,522
    COCA COLA CO 5.35% 11/15/2017 11,176 11,367
    CONOCOPHILLIPS 5.2% 5/15/2018 19,642 22,736
    E I DU PONT 4.875% 4/30/2014 19,854 20,294
    ECOLAB INC 4.875% 2/15/2015 24,882 26,143
    EMERSON ELEC CO 2.625% 2/15/2023 14,307 14,040
    EOG RESOURCES INC 5.875% 9/15/2017 23,256 23,066
    GENERAL ELECTRIC CO 5.25% 12/6/2017 10,769 11,347
    HOME DEPOT INC 2.7% 4/1/2013 14,464 13,813
    HONEYWELL INTL 5% 2/15/2019 16,777 16,916
    INTEL CORPORATION 3.3% 10/1/2021 15,253 14,969
    JOHN DEERE CAPITAL 5.35% 4/3/2018 24,838 28,168
    MCDONALDS CORP 5% 2/1/2019 10,962 11,322
    MERCK & CO 2.4% 9/15/2022 14,139 13,677
    METLIFE INC 5% 6/15/2015 23,724 26,536
    METLIFE INC 1.756% 12/15/2017 25,005 24,710
    OCCIDENTAL PETROLEUM 4.1% 2/1/2021 11,022 10,559
    ORACLE CORP 5.75% 4/15/2018 11,337 11,584
    PEPSICO INC 7.9% 11/1/2018 26,503 31,395
    STRYKER 3% 1/15/2015 10,575 10,263
    UNITED TECHNOLOGIES CORP 4.875% 5/1/2015 17,090 15,879
    UPS IN C5.5% 1/15/2018 23,142 22,850
    US BANCORP 2.2% 11/15/2016 20,714 20,620
    WAL-MART STORES 2.55% 4/11/2013 15,079 13,668

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AB SVENSK COMMODITY INDEX TOTAL RETURN 41,624 53,105
    ACCENTURE PLC 8,478 12,333
    ACTAVIS PLC 18,000 21,000
    ALLERGAN INC 8,283 9,997
    ALPS TRYST ETF ALERIAN MLP 8,581 9,340
    AMAZON.COM INC 1,998 9,970
    AMERICAN TOWER CORP 5,511 11,973
    ANHEUSER-BUSCH INBEV ADR 3,106 5,323
    APPLE INC 2,000 22,441
    AT&T INC 6,798 7,032
    BARCLAYS DJ-UBS COMMODITY INDEX 27,868 29,400
    BARCLAYS S&P 500 DYNAMIC VIX 19,373 11,805
    BERKSHIRE HATHAWAY B 12,334 17,784
    BLACKROCK INC 6,789 12,659
    BOEING CO 9,161 16,379
    CALGENE CORP 5,918 10,138
    CERNER CORP 8,751 12,541
    CHEVRON CORP 5,756 12,491
    CISCO SYS INC 10,440 12,336
    CITIGROUP INC 10,373 11,725
    COGNIZANT TECH SOLUTIONS CORP 3,154 12,622
    COLGATE PALMOLIVE CO 10,995 11,412
    COSTCO WHOLESALE CORP 2,809 17,853
    COVIDIEN PLC 4,501 6,810
    DANAHER CORP 5,603 5,790
    DISCOVER FINANCIAL SVCS 7,898 18,184
    DISNEY WALT CO 8,615 9,550
    EATON CORP 6,808 7,612
    EBAY INC 5,997 9,601
    ECOLAB INC 2,301 15,640
    EMC CORP 7,814 8,802
    EOG RESOURCES INC 7,900 12,588
    EXXON MOBIL CORP 8,456 12,650
    FEDEX CORPORATION 6,851 10,783
    FIDELITY NATIONAL INFORMATION SERVICES INC 5,868 12,883
    FORD ENERGY COMPANY 10,623 12,344
    GENERAL ELECTRIC CO 8,240 18,920
    GENERAL MILLS INC 6,559 12,477
    GILEAD SCIENCES INC 6,158 7,510
    GOOGLE INC 4,216 16,811
    HESS CORPORATION 5,813 6,225
    HOME DEPOT INC 4,894 12,351
    HONEYWELL INTERNATIONAL 9,018 13,705
    INTEL CORP 5,220 7,138
    ISHARES CORE S&P MIDCAP VALUE 37,142 66,905
    ISHARES MSCI PACIFIC EX JAPAN INDEX FD 20,946 30,374
    ISHARES RUSSELL MIDCAP VALUE 22,143 26,284
    ISHARES S&P SMALLCAP 600 GROWTH 4,037 8,896
    ISHARES TR BARCLAYS 3-7 YEAR TREAS 36,460 36,009
    ISHARES TR MSCI EAFE INDEX FD 121,777 157,673
    JOHNSON & JOHNSON 12,008 18,318
    JPMORGAN CHASE & CO 10,003 13,567
    KRAFT FOODS INC 5,153 8,087
    LINKEDIN INC 5,527 13,010
    MARATHON OIL CORP 3,861 7,413
    MARRIOTT INTL INC 5,921 8,636
    MARSH & MCLENNAN COS 4,107 9,672
    METLIFE INC 9,433 16,176
    MICROSOFT CORP 7,808 14,029
    MONDELEZ INTL INC 4,077 8,825
    NATIONAL OILWELL VARCO INC 7,215 7,953
    NEXTERA ENERGY INC 7,263 10,703
    OCCIDENTAL PETROLEUM CORP 10,179 11,887
    ORACLE CORPORATION 4,542 8,609
    PEPSICO INC 6,247 12,441
    PFIZER INC 9,156 14,549
    POWERSHARES FTSE RAFI US 1000 PORTFOLIO 19,842 20,735
    POWERSHARES FTSE US 1500 SMALL-MID PORTFOLIO 29,333 53,752
    PRAXAIR INC 2,809 13,003
    PRICELINE.COM INC 4,857 11,624
    QUALCOMM INC 8,616 18,562
    RIO TINTO OLC 9,596 8,465
    ROPER INDUSTRIES INC 7,102 13,868
    SCHLUMBERGER LTD 5,086 11,174
    SPDR BARCLAYS 0-5 CASH PAY CONSTRAINED 9,168 9,255
    SPDR S&P EMERGING ASIA 14,456 15,430
    STARBUCKS CORP 8,451 13,718
    STERICYCLE INC 2,743 8,713
    THERMO FISHER SCIENTIFIC INC 5,352 16,591
    TIME WARNER INC 4,040 13,944
    U S BANCORP 6,909 11,110
    UNION PACIFIC CORP 7,074 12,600
    UNITED TECHNOLOGIES CORP 9,166 17,070
    VANGAURD DIVIDEND APPRECIATION 14,943 18,810
    VANGUARD FTSE EMERGING MARKETS 26,806 37,026
    VANGUARD FTSE WORLD EX USA SMALL CAP INDEX FD 24,624 30,882
    VANGUARD GROWTH 15,464 16,284
    VANGAURD LARGE CAP 19,566 23,320
    VANGUARD SHORT-TERM CORP BOND 31,809 31,912
    VANGUARD SMALL CAP 13,065 16,493
    VERIZON COMMUNICATIONS 4,466 8,600
    VF CORPORATION 6,610 12,468
    VISA INTL INC 8,645 16,701
    WELLS FARGO & CO 10,665 14,755
    WHOLE FOODS MARKET INC 6,290 5,783
    WISCONSIN ENERGY CP HLDG CO 4,968 7,235
    WISDOMTREE TRUST WT MANAGED FUTUES 11,948 11,576

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    US Government Securities - End of Year Book Value:

    126,592
    US Government Securities - End of Year Fair Market Value:

    142,076
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2013 OtherAssetsSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS AND INTEREST 5,238 6,849 6,849


    TY 2013 OtherExpensesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES - ADR FEES 8 8   0
    STATE REGISTRATION FEES 35 0   35
    OFFCIE SUPPLIES 116 58   58


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES - BADGLEY PHELPS 16,604 16,604   0


    TY 2013 TaxesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN: 91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 234 117   117
    FOREIGN INCOME TAXES 621 621   0
    FEDERAL EXCISE TAX PAYMENTS 1,000 0   0