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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
 

Number and street (or P.O. box number if mail is not delivered to street address)1001 FOURTH AVENUE NO 4400   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98154
A Employer identification number

68-0537904
B Telephone number (see instructions)

(206) 892-2092
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$40,345,142J Accounting method:
hybrid
(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
Sch. B ...............
3 Interest on savings and temporary cash investments 9,790 9,790  
4 Dividends and interest from securities...... 322,823 322,823  
5a Gross rents.............. 501,138 501,138  
b Net rental income or (loss) 55,759
6a Net gain or (loss) from sale of assets not on line 10 2,096,195
b Gross sales price for all assets on line 6a 9,643,883
7 Capital gain net income (from Part IV, line 2)... 2,096,195
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........ 2,929,946 2,929,946  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 302,500 150,695   151,805
14 Other employee salaries and wages...... 92,232 13,743   78,489
15 Pension plans, employee benefits....... 28,016 9,792   18,224
16a Legal fees (attach schedule)......... Click to see attachment 6,811 0   6,811
b Accounting fees (attach schedule)....... Click to see attachment 6,174 5,044   1,130
c Other professional fees (attach schedule).... Click to see attachment 132,833 122,250   10,584
17 Interest............... 86,100 86,100   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 137,726 74,554   78,489
19 Depreciation (attach schedule) and depletion... Click to see attachment 258,131 258,131  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,504 1,504   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 97,840 51,860   45,951
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,149,867 773,673   391,483
25 Contributions, gifts, grants paid........ 2,108,944 2,108,944
26 Total expenses and disbursements. Add lines 24 and 25 3,258,811 773,673   2,500,427
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -328,865
b Net investment income (if negative, enter -0-) 2,156,273
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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.......... 111,589 72,425 72,425
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   4,406    
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) bullet600,000
Less: allowance for doubtful accounts bullet0 600,000 Click to see attachment600,000 0
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 10,362 6,077 6,077
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 25,717,747 Click to see attachment24,271,640 24,271,640
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet13,775,511
Less: accumulated depreciation (attach schedule) bullet3,300,129 10,393,325 Click to see attachment10,475,382 15,995,000
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,837,429 35,425,524 40,345,142
Liabilities 17 Accounts payable and accrued expenses.......... 1,260 1,344
18 Grants payable.................. 125,000  
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 2,021,167 1,921,187
22 Other liabilities (describe bullet) Click to see attachment10,000 Click to see attachment10,000
23 Total liabilities (add lines 17 through 22).......... 2,157,427 1,932,531
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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 34,680,002 33,492,993
30 Total net assets or fund balances (see instructions)...... 34,680,002 33,492,993
31 Total liabilities and net assets/fund balances (see instructions).. 36,837,429 35,425,524
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 34,680,002
2 Enter amount from Part I, line 27a..................... 2 -328,865
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 25,000
4 Add lines 1, 2, and 3.......................... 4 34,376,137
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 883,144
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 33,492,993
Form 990-PF (2014)
Form 990-PF (2014)
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 919SHS IPOAX     2014-11-21
b 12,253SHS UNCMX     2014-03-27
c 15,328SHS UNSCX     2014-03-27
d 851SHS UNCIX     2014-03-27
e 1,248SHS UNCIX     2014-11-21
3,644SHS UNECX     2014-03-27
2,089SHS UNECX     2014-11-21
1,885SHS WLGAX     2014-03-27
1,216SHS WLGAX     2014-11-21
1,823SHS WDVAX     2014-11-21
1,850SHS WDVAX     2014-03-27
24,401SHS WDVAX     2014-11-21
1,831SHS UNASX     2014-03-27
4,573SHS UNASX     2014-11-21
2,409SHS WEGAX     2014-03-27
4,150SHS WEGAX     2014-11-21
3,581SHS IPOAX     2014-12-19
5,202SHS UNCMX     2014-07-30
21,721SHS UNCMX     2014-12-19
1,322SHS UNSCX     2014-04-28
322SHS UNSCX     2014-05-05
10,978SHS UNSCX     2014-12-19
16,113SHS UNCIX     2014-12-19
23,239SHS UNHIX     2014-12-19
14,825SHS UNHHX     2014-12-19
7,010SHS WDVAX     2014-12-19
3,428SHS UNASX     2014-07-30
18,293SHS UNASX     1920-12-19
144SHS RRESX   2013-07-12 2014-04-10
2,017SHS RGISX   2014-01-15 2014-04-10
1,254SHS RGISX   2014-01-15 2014-07-29
4,281SHS RGISX     2014-12-15
7,540SHS RGESX     2014-01-15
1,074SHS RGESX   2014-04-10 2014-08-01
232SHS RINSX   2014-04-10 2014-08-01
3,462SHS RFASX   2013-01-29 2014-01-15
2,015SHS RFASX     2014-08-01
285SHS REASX   2014-01-15 2014-07-29
1,872SHS REASX     2014-08-01
589SHS REBSX   2014-01-15 2014-07-29
7,024SHS REBSX     2014-08-01
5,877SHS SCHF   2013-07-10 2014-01-13
618SHS SCHF   2014-08-08 2014-12-15
232SHS SCHX   2013-01-29 2014-01-13
53SHS SCHX   2014-04-10 2014-07-29
100SHS SCHX   2014-08-01 2014-12-15
124SHS SCHX   2014-08-01 2014-12-15
3,100SHS SCHX   2014-08-01 2014-12-15
815SHS SCHA   2014-08-01 2014-12-15
63SHS VIG   2013-01-29 2014-01-15
61SHS VIG   2014-04-10 2014-12-15
18,593SHS VHGEX   2014-08-04 2014-08-08
22,356SHS VFIDX   2014-08-04 2014-12-15
4SHS VV   2013-01-29 2014-01-15
76SHS VV   2013-01-29 2014-01-15
22SHS VV   2014-04-10 2014-12-15
345SHS VT   2014-08-01 2014-12-15
1,000SHS VT   2014-08-01 2014-12-15
19,889SHS RCCSX     2014-01-15
1,474SHS RCCSX   2010-07-13 2014-04-10
771SHS REMSX   2013-01-29 2014-04-10
1,462SHS REMSX   2013-01-29 2014-07-29
649SHS REMSX     2014-12-15
172SHS RRESX   2013-07-12 2014-07-29
1,501SHS RRESX     2014-12-15
489SHS RGCSX   2013-01-29 2014-07-29
2,863SHS RGCSX   2013-01-29 2014-12-15
1,771SHS RGESX   2011-02-16 2014-01-15
87,554SHS RGESX     2014-08-01
4,986SHS RINSX     2014-01-15
24,540SHS RINSX     2014-08-01
44,420SHS RFASX     2014-08-01
14,464SHS RFCSX   2013-01-29 2014-12-15
11,533SHS REASX     2014-08-01
13,234SHS REBSX     2014-08-01
2SHS SCHX   2012-04-11 2014-01-13
349SHS VIG   2011-11-02 2014-12-15
366SHS VIG   2011-11-02 2014-12-15
210SHS VIG   2013-01-29 2014-12-15
200SHS VV   2012-10-10 2014-12-15
200SHS VV   2012-10-10 2014-12-15
258SHS VV   2012-10-10 2014-12-15
269SHS VV   2012-10-10 2014-12-15
9SHS VV   2013-01-29 2014-12-15
INSURANCE RECOVERY - BEAVERTON P    
INSURANCE RECOVERY - MISCELLANEOUS P    
CAPITAL GAINS DIVIDENDS P    
(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 14,505   12,750 1,755
b 88,465   78,342 10,123
c 241,267   170,723 70,544
d 8,514   7,599 915
e 13,431   11,146 2,285
42,157   36,967 5,190
26,216   21,193 5,023
32,731   28,601 4,130
23,899   18,441 5,458
37,466   28,414 9,052
34,764   28,801 5,963
501,435   380,295 121,140
20,928   17,916 3,012
52,504   44,754 7,750
39,379   31,367 8,012
67,194   54,052 13,142
55,000   47,256 7,744
40,000   32,636 7,364
154,000   136,280 17,720
20,000   13,660 6,340
5,000   3,331 1,669
165,000   113,448 51,552
165,000   106,158 58,842
165,000   161,700 3,300
55,000   56,401 -1,401
121,000   74,668 46,332
40,000   29,494 10,506
165,000   157,406 7,594
5,452   5,853 -401
25,419   23,724 1,695
16,608   14,752 1,856
53,000   51,811 1,189
86,102   75,564 10,538
12,431   12,119 312
8,637   8,544 93
75,334   76,961 -1,627
44,960   43,992 968
12,000   11,462 538
77,199   75,335 1,864
18,000   18,324 -324
209,800   217,614 -7,814
181,781   164,021 17,760
17,978   19,541 -1,563
10,076   8,329 1,747
2,502   2,334 168
4,779   4,616 163
5,926   5,724 202
148,149   143,093 5,056
42,921   42,136 785
4,692   4,003 689
4,820   4,565 255
451,975   457,961 -5,986
221,975   222,005 -30
339   276 63
6,434   5,244 1,190
2,022   1,871 151
20,243   21,052 -809
58,676   61,020 -2,344
165,476   204,876 -39,400
13,167   14,921 -1,754
14,048   14,843 -795
29,000   28,152 848
11,000   12,115 -1,115
7,000   6,981 19
60,000   60,760 -760
5,000   5,171 -171
27,000   30,293 -3,293
20,221   16,573 3,648
1,013,000   709,575 303,425
184,627   164,603 20,024
914,621   731,399 183,222
991,005   978,576 12,429
162,000   160,698 1,302
475,502   306,586 168,916
395,310   281,281 114,029
87   65 22
27,578   18,532 9,046
28,922   19,435 9,487
16,594   13,343 3,251
18,384   13,084 5,300
18,384   13,084 5,300
23,715   16,878 6,837
24,726   17,598 7,128
827   621 206
456,971     456,971
390     390
314,243     314,243
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       1,755
b       10,123
c       70,544
d       915
e       2,285
      5,190
      5,023
      4,130
      5,458
      9,052
      5,963
      121,140
      3,012
      7,750
      8,012
      13,142
      7,744
      7,364
      17,720
      6,340
      1,669
      51,552
      58,842
      3,300
      -1,401
      46,332
      10,506
      7,594
      -401
      1,695
      1,856
      1,189
      10,538
      312
      93
      -1,627
      968
      538
      1,864
      -324
      -7,814
      17,760
      -1,563
      1,747
      168
      163
      202
      5,056
      785
      689
      255
      -5,986
      -30
      63
      1,190
      151
      -809
      -2,344
      -39,400
      -1,754
      -795
      848
      -1,115
      19
      -760
      -171
      -3,293
      3,648
      303,425
      20,024
      183,222
      12,429
      1,302
      168,916
      114,029
      22
      9,046
      9,487
      3,251
      5,300
      5,300
      6,837
      7,128
      206
      456,971
      390
      314,243
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 2,096,195
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 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))
2013 1,607,177 39,668,195 0.040516
2012 2,017,064 38,078,922 0.052971
2011 1,916,427 40,390,986 0.047447
2010 1,982,051 38,585,474 0.051368
2009 1,967,102 40,033,036 0.049137
2 Total of line 1, column (d) ...................... 2 0.241439
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 0.048288
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 40,990,108
5 Multiply line 4 by line 3....................... 5 1,979,330
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 21,563
7 Add lines 5 and 6......................... 7 2,000,893
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,500,427
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 (2014)
Form 990-PF (2014)
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 21,563
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 21,563
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 21,563
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 27,640
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 27,640
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 189
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 5,888
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,888 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 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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletSCANDESIGNFOUNDATION.ORG
    14
    The books are in care ofbulletMARK T SCHLECK Telephone no.bullet (206) 892-2092
    Located atbullet1001 4TH AVENUE 4400SEATTLEWA ZIP+4bullet98154
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    3b
     
    No
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    MARK T SCHLECK PRESIDENT
    40.00     		262,500 14,008 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    ROBERT THOMPSON SEC/TREAS/DIRECTOR
    2.00     		25,000 0 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    TAGE KRISTENSEN DIRECTOR
    1.00     		0 0 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    ROB HARRIS DIRECTOR
    1.00     		15,000 0 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    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
    MARY DELORME SPOUSE M SCHLECK-PRES OFF MGR/ACCT
    40.00     		92,232 14,008 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    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 (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    25,513,282
    b
    Average of monthly cash balances.......................
    1b
    106,041
    c
    Fair market value of all other assets (see instructions)................
    1c
    15,995,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,614,323
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    41,614,323
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    624,215
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,990,108
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,049,505
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,049,505
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    21,563
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,563
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,027,942
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,027,942
    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
    2,027,942
    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
    2,500,427
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    2,500,427
    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
    21,563
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,478,864
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 2,027,942
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 1,953,598
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 2,500,427
    a Applied to 2013, but not more than line 2a 1,953,598
    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 2014 distributable amount..... 546,829
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,481,113
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 email address 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 (2014)
    Form 990-PF (2014)
    Page 11
    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
    BELLINGHAM TECHNICAL COLLEGE
    3028 LINDBERG AVENUE
    BELLINGHAM,WA98225     		NONE PUBLIC CHARITY 2015 AND 2016 WORKFORCE EDUCATION 37,030
    NATIONAL FILM FESTIVAL FOR TALENTED YOUTH
    1319 DEXTER AVENUE N SUITE 250
    SEATTLE,WA98109     		NONE PUBLIC CHARITY 2015 FILM FESTIVAL GRANT 12,798
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY 2014 PROGRAM SUPPORT 8,250
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY 2014-15 PROGRAM SUPPORT 32,750
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY PROGRAM SUPPORT GRANT 9,000
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY CAPITAL CAMPAIGN 400,000
    PACIFIC NORTHWEST BALLET
    301 MERCER STREET
    SEATTLE,WA98109     		NONE PUBLIC CHARITY 2015-16 STUDENT EXCHANGE PROGRAM 12,335
    CLIMATE SOLUTIONS
    1402 THIRD AVE
    SEATTLE,WA98101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    SCANDINAVIAN HERITAGE FOUNDATION
    8800 SOUTHWEST OLESON ROAD
    PORTLAND,OR97223     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 25,000
    THE DANISH IMMIGRANT MUSEUM
    PO BOX 470
    ELK HORN,IA51531     		NONE PUBLIC CHARITY 2015-2016, 2016-17 INTERN PROGRAM GRANT 60,400
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW MEDICINE - INNOVATIVE PAIN RESEARCH PROGRAM 125,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2015 GEHL INTERN PROGRAM 48,936
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2015 GEHL MASTER STUDIO 21,701
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2015 TRAVEL STUDY 93,748
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2015-16 FELLOWSHIP PROGRAM 167,885
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016 GEHL INTERN PROGRAM 52,820
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016 GEHL MASTER STUDIO 46,206
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016 TRAVEL STUDY 119,850
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2017 ARCHITECTURE MASTER STUDIO 27,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WI53726     		NONE PUBLIC CHARITY UW-MADISON 2014-15, 15-16 FELLOWSHIP PROGRAM 164,000
    SCANDINAVIAN HERITAGE FOUNDATION
    8800 SOUTHWEST OLESON ROAD
    PORTLAND,OR97223     		NONE PUBLIC CHARITY CAPITAL CAMPAIGN GRANT 100,000
    SCANDINAVIAN HERITAGE FOUNDATION
    8800 SOUTHWEST OLESON ROAD
    PORTLAND,OR97223     		NONE PUBLIC CHARITY RAISE THE PADDLE - SCHOLARSHIP FUND 500
    BICYCLE ALLIANCE OF WASHINGTON
    314 1ST AVE S
    SEATTLE,WA98104     		  PUBLIC CHARITY 2014 PROGRAM SUPPORT 5,000
    CASCADE BICYCLE CLUB
    7400 SAND POINT WAY NE STE 101S
    SEATTLE,WA98115     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    CENTER FOR WOODEN BOATS
    1010 VALLEY ST
    SEATTLE,WA98109     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98105     		NONE PUBLIC CHARITY UW-ISCHOOL 2015 EXPLORATION SEMINAR 42,500
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98105     		NONE PUBLIC CHARITY UW-MEANY PROGRAM SUPPORT GRANT 5,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WI53726     		NONE PUBLIC CHARITY UW-MADISON 2015-16 FELLOWSHIP PROGRAM 287,000
    THE EMERGE LEADERSHIP PROJECT FORMERLY SUTAINABLE BUILDING ADVISOR INSTITU
    1100 DONALD PL NE
    BAINBRIDGE IS,WA98110     		NONE PUBLIC CHARITY SCHOLARSHIPS 40,000
    FORTERRA NW
    901 5TH AVE STE 2200
    SEATTLE,WA98164     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    LEADERSUP
    2401 ELLIOTT AVE
    SEATTLE,WA98121     		NONE PUBLIC CHARITY PROGRAM SUPPORT 20,000
    MARY'S PLACE
    1830 - 9TH AVE
    SEATTLE,WA98101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 20,000
    NATUREBRIDGE
    28 GEARY ST STE 650
    SAN FRANCISCO,CA94108     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    THE MOUNTAINEERS
    7700 SAND POINT WAY NE
    SEATTLE,WA98115     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    UNIVERSITY OF OREGON FOUNDATION
    1720 E 13TH AVE STE 410
    EUGENE,OR97403     		NONE PUBLIC CHARITY 2015 SUMMER TRAVEL PROGRAM 49,235
    VOLUNTEERS OF AMERICA
    2802 BROADWAY AVE PO BOX 839
    EVERETT,WA98206     		NONE PUBLIC CHARITY PROGRAM SUPPORT 40,000
    WASHINGTON TRAILS ASSOCIATION
    705 SECOND AVE STE 300
    SEATTLE,WA98104     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    Total .................................bullet 3a 2,108,944
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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 9,790  
    4 Dividends and interest from securities....     14 322,823  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     34 -21,342  
    bNot debt-financed property.....     16 77,101  
    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 2,096,195  
    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 2,484,567 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,484,567
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,174 5,044   1,130

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 AmortizationSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    LEASE COMMISSION 2011-12-01 66,240 25,875 64.000000000000 12,420 12,420   38,295
    LOAN FEES CAPITALIZED 2013-09-18 10,018 514 59.000000000000 2,055 2,055   2,569

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 DepreciationSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BEAVERTON BUILDINGS 2002-04-10 1,573,156 472,333 SL 39.000000000000 40,337 40,337    
    BEAVERTON LAND 2002-04-10 596,844   L   0 0    
    BELLEVUE WAREHOUSE 2002-04-10 1,770,988 531,733 SL 39.000000000000 45,410 45,410    
    BELLEVUE LAND 2002-04-10 619,012   L   0 0    
    EUGENE STORE BUILDING 2002-04-10 815,593 244,883 SL 39.000000000000 20,913 20,913    
    EUGENE LAND 2002-04-10 154,407   L   0 0    
    EUGENE HEATING & AC SYSTEM 2006-10-05 15,965 2,949 SL 39.000000000000 409 409    
    GRESHAM STORE BUILDING 2002-04-10 827,307 248,396 SL 39.000000000000 21,213 21,213    
    GRESHAM LAND 2002-04-10 182,693   L   0 0    
    LYNNWOOD STORE BUILDING 2002-04-10 4,069,291 1,221,795 SL 39.000000000000 104,341 104,341    
    LYNNWOOD LAND 2002-04-10 1,230,709   L   0 0    
    MEDFORD STORE BUILDING 2002-04-10 911,447 273,659 SL 39.000000000000 23,370 23,370    
    MEDFORD LAND 2002-04-10 508,553   L   0 0    
    AIR CONDITIONING 2006-10-03 23,100 4,267 SL 39.000000000000 592 592    
    ROOF 2013-01-31 45,525 1,119 SL 39.000000000000 1,167 1,167    
    BEAVERTON ROOF AFTER FIRE 2014-12-12 5,715   SL 39.000000000000 6 6    
    BEAVERTON BUILDING RESTORATION AFTER FIRE 2014-12-29 348,948   SL 39.000000000000 373 373    

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WADDELL & REED FUNDS 11,972,538 11,972,538
    WF IVY GLOBAL NATURAL RESOURCES 661,636 661,636
    SCHWAB GREEN WEALTH MGMT 8,176,893 8,176,893
    WF - ISHARES TRUST MSCI EAFE INDEX FUND 565,681 565,681
    WF - RAGEN INVESTMENT CASH 799 799
    WF IVY FD CUNDILL GLOBAL VALUE FD A 215,752 215,752
    WF IVY FD CORE EQUITY FD CLASS A 666,190 666,190
    SPDR S&P 500 TRUST 2,012,151 2,012,151

    TY 2014 InvestmentsLandSchedule2
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BEAVERTON BUILDINGS 1,573,156 512,670 1,060,486  
    BEAVERTON LAND 596,844 0 596,844  
    BELLEVUE WAREHOUSE 1,770,988 577,143 1,193,845  
    BELLEVUE LAND 619,012 0 619,012  
    EUGENE STORE BUILDING 815,593 265,796 549,797  
    EUGENE LAND 154,407 0 154,407  
    EUGENE HEATING & AC SYSTEM 15,965 3,358 12,607  
    GRESHAM STORE BUILDING 827,307 269,609 557,698  
    GRESHAM LAND 182,693 0 182,693  
    LYNNWOOD STORE BUILDING 4,069,291 1,326,136 2,743,155  
    LYNNWOOD LAND 1,230,709 0 1,230,709  
    MEDFORD STORE BUILDING 911,447 297,029 614,418  
    MEDFORD LAND 508,553 0 508,553  
    AIR CONDITIONING 23,100 4,859 18,241  
    LEASE COMMISSION 66,240 38,295 27,945  
    LOAN FEES CAPITALIZED 10,018 2,569 7,449  
    ROOF 45,525 2,286 43,239  
    BEAVERTON ROOF AFTER FIRE 5,715 6 5,709  
    BEAVERTON BUILDING RESTORATION AFTER FIRE 348,948 373 348,575  

    TY 2014 LegalFeesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 6,811 0   6,811


    TY 2014 OtherDecreasesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 37,606 7,860   29,746
    ORGANIZATION DEVELOPMENT 751 0   751
    GRANT DEVELOPMENT/MANAGEMENT 13,215 0   13,215
    BOARD MEETING EXPENSES 464 46   418
    HOSTED EVENTS (FELLOWSHIP TEAMS) 526 0   526
    PUBLIC RELATIONS 44 0   44
    MISCELLANEOUS 1,280 0   1,251
    INSURANCE 23,441 23,441   0
    MAINTENANCE 3,180 3,180   0
    MAINTENANCE 1,289 1,289   0
    MAINTENANCE 1,569 1,569   0
    AMORTIZATION 14,475 14,475   0


    TY 2014 OtherIncreasesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 10,000 10,000


    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 OtherNotesLoansRcvblLongSch
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    FOUNDATION OWNS 100% OF STOCK 400,000 0 2007-11 2008-06 IN FULL AT MATURITY 750.0000000000 % NONE WORKING CAPITAL CASH 0
    FOUNDATION OWNS 100% OF STOCK 200,000 0 2007-12 2008-06 IN FULL AT MATURITY 750.0000000000 % NONE     0

    TY 2014 OtherProfessionalFeesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 112,459 112,459   0
    BOARD D & O INSURANCE 7,486 1,872   5,615
    MISC CONSULTING 9,938 4,969   4,969
    MISCELLANEOUS 2,950 2,950   0


    TY 2014 TaxesSchedule
    Name:
    SCAN DESIGN FOUNDATION BY INGER & JENS BRUUN
    EIN: 68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 18,607 13,743   78,489
    EXCISE TAX 58,308 0   0
    FOREIGN TAX WITHHELD 6,567 6,567   0
    PROPERTY TAXES -5681 21,528 21,528   0
    PROPERTY TAXES -5672 16,955 16,955   0
    PROPERTY TAXES 15,761 15,761   0