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 07-01-2013 , and ending 06-30-2014
Name of foundation
WASHINGTON RESEARCH FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2815 EASTLAKE AVENUE EAST NO 300   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98102
A Employer identification number

91-1160492
B Telephone number (see instructions)

(206) 336-5539
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$317,841,464J 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 143,189 165,892  
4 Dividends and interest from securities...... 1,817,213 2,821,217  
5a Gross rents.............. 219,107 219,107  
b Net rental income or (loss) -56,856
6a Net gain or (loss) from sale of assets not on line 10 10,446,736
b Gross sales price for all assets on line 6a 173,782,208
7 Capital gain net income (from Part IV, line 2)... 10,675,770
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)....... Click to see attachment 73,433,245 73,470,415  
12 Total. Add lines 1 through 11........ 86,059,490 87,352,401  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,127,008 815,796   347,522
14 Other employee salaries and wages...... 1,394,646 633,333   876,065
15 Pension plans, employee benefits....... 466,654 326,658   238,026
16a Legal fees (attach schedule)......... Click to see attachment 492,693 475,244   15,661
b Accounting fees (attach schedule)....... Click to see attachment 72,223 72,223   0
c Other professional fees (attach schedule).... Click to see attachment 1,059,929 993,945   52,376
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 924,543 774,427   0
19 Depreciation (attach schedule) and depletion... 48,149 33,704  
20 Occupancy.............. 138,006 96,605   62,314
21 Travel, conferences, and meetings....... 155,001 124,001   0
22 Printing and publications.......... 21,045 20,500   0
23 Other expenses (attach schedule)....... Click to see attachment 51,689,976 51,984,889   126,895
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 57,589,873 56,351,325   1,718,859
25 Contributions, gifts, grants paid........ 34,507,210 7,762,120
26 Total expenses and disbursements. Add lines 24 and 25 92,097,083 56,351,325   9,480,979
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,037,593
b Net investment income (if negative, enter -0-) 31,001,076
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............... 452,712 474,449 474,449
2 Savings and temporary cash investments.......... 43,936,671 49,791,278 49,791,278
3 Accounts receivable bullet160,783
Less: allowance for doubtful accounts bullet46,392 165,877 114,391 114,391
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) bullet3,633,644
Less: allowance for doubtful accounts bullet0 1,293,775 3,633,644 3,633,644
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 649,331 428,330 428,330
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 151,644,183 Click to see attachment204,447,231 204,447,231
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 38,314,430 Click to see attachment35,238,010 35,238,010
14 Land, buildings, and equipment: basis bullet868,467
Less: accumulated depreciation (attach schedule) bullet745,797 170,820 Click to see attachment122,670 122,670
15 Other assets (describe bullet) Click to see attachment40,266,162 Click to see attachment23,591,461 Click to see attachment23,591,461
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 276,893,961 317,841,464 317,841,464
Liabilities 17 Accounts payable and accrued expenses.......... 61,643,226 53,966,636
18 Grants payable................... 2,492,500 29,245,090
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).......... 64,135,726 83,211,726
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 212,758,235 234,629,738
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 212,758,235 234,629,738
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 276,893,961 317,841,464
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)............... 1 212,758,235
2 Enter amount from Part I, line 27a..................... 2 -6,037,593
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 27,909,096
4 Add lines 1, 2, and 3.......................... 4 234,629,738
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. 6 234,629,738
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 WILLIAM BLAIR:NON US EQUITY LLC K-1 P   2014-06-30
b PICTET NON US EQUITY K-1 P   2014-06-30
c SPRUCEGROVE NON US EQUITY LLC K-1 P   2014-06-30
d ALTRINSIC NON US EQUITY LLC K-1 P   2014-06-30
e ARTISAN DYNAMIC EQUITY K-1 P   2014-06-30
ARCH VENTURE FUND VI K-1 P   2014-06-30
ARCH VENTURE FUND VII K-1 P   2014-06-30
ALLIANCE OF ANGELS SEED FUND, LLC K-1 P   2014-06-30
VOYAGER CAPITAL FUND II-A P   2014-06-30
CAPITAL GAIN FROM SALE OF ALTRINSIC NONUS EQUITY LLC K-1 P   2014-06-30
CAPITAL GAIN FROM MARKETABLE SECURITIES P   2014-06-30
CAPITAL GAIN FROM EXEMPT USE ASSETS     2014-06-30
EXCESS DISTRIBUTIONS - VOYAGER CAPITAL FUND K-1 P   2014-06-30
(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       388,274
b       653,618
c       34,842
d       1,567,037
e       657,923
      448,673
      -18,880
      -11,921
      -93,064
8,146,971   9,044,551 -897,580
205,884,020   201,595,297 4,288,723
3,011,310     3,011,310
646,815     646,815
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       388,274
b       653,618
c       34,842
d       1,567,037
e       657,923
      448,673
      -18,880
      -11,921
      -93,064
      -897,580
      4,288,723
      3,011,310
      646,815
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 10,675,770
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 5,710,136 172,706,277 0.033063
2011 6,365,266 144,425,727 0.044073
2010 4,556,538 133,498,733 0.034132
2009 2,143,946 111,052,141 0.019306
2008 2,601,686 85,707,410 0.030355
2 Total of line 1, column (d) ...................... 2 0.160929
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 0.032186
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 219,466,125
5 Multiply line 4 by line 3....................... 5 7,063,737
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 310,011
7 Add lines 5 and 6......................... 7 7,373,748
8 Enter qualifying distributions from Part XII, line 4.............. 8 9,480,979
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 1 310,011
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............................ 3 310,011
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- ..... 5 310,011
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 565,398
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.............. 7 565,398
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 10 255,387
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet255,387 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 addressbulletWWW.WRFSEATTLE.ORG
    14
    The books are in care ofbulletJEFF EBY Telephone no.bullet (206) 336-5539
    Located atbullet2815 EASTLAKE AVE E 300SEATTLEWA ZIP+4bullet98102
    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
     
    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 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    RONALD HOWELL CEO & PRESIDENT
    40.00     		442,267 47,411 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    JEFF EBY CFO
    40.00     		306,238 25,149 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    C KENT CARLSON CHAIRMAN
    5.00     		8,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    JOHN REAGH SECRETARY/MANAGING DIRECTOR
    40.00     		318,503 36,471 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    EMER DOOLEY DIRECTOR
    2.00     		8,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    BARRY FORMAN DIRECTOR
    2.00     		3,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    DR DAVID GALAS DIRECTOR
    2.00     		5,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    SALLY NARODICK DIRECTOR
    2.00     		9,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    BROOKS SIMPSON DIRECTOR
    2.00     		9,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    GEORGE I THOMAS MD DIRECTOR
    2.00     		5,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    JAMES R UHLIR DIRECTOR
    2.00     		7,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    TOM CABLE DIRECTOR
    2.00     		6,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    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
    BETH ETSCHEID DIRECTOR OF LICENSIN
    40.00     		323,503 47,808 0
    2815 EASTLAKE AVE E
    SEATTLE,WA98102
    LORETTA LITTLE MANAGING DIRECTOR
    40.00     		284,452 42,665 0
    2815 EASTLAKE AVE E
    SEATTLE,WA98102
    LUCIANA SIMONCINI DIR RESEARCH COMMERC
    40.00     		248,432 47,197 0
    2815 EASTLAKE AVE E
    SEATTLE,WA98102
    KIM EMMONS MANAGER, RESEARCH &
    40.00     		191,177 38,330 0
    2815 EASTLAKE AVE E
    SEATTLE,WA98102
    THONG LE MANAGING DIRECTOR
    40.00     		178,075 13,876 0
    2815 EASTLAKE AVE E
    SEATTLE,WA98102
    Total number of other employees paid over $50,000...................bullet 2
    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
    GOLDMAN SACHS & CO INVESTMENT MANAGEMENT 830,643
    719 SECOND AVE 13TH FL
    SEATTLE,WA98104
    K&L GATES LEGAL SERVICES 313,976
    925 FOURTH AVE SUITE 2900
    SEATTLE,WA98104
    STEVEN G LISA LTD LEGAL SERVICES 118,433
    401 N MICHIGAN AVE 1200
    CHICAGO,IL60611
    PHYSICIAN'S INFORMATION SYSTEMS INFORMATION SYSTEMS SERVICES 106,797
    1137-B 25TH AVE
    SEATTLE,WA98122
    CLARK NUBER PS ACCOUNTING SERVICES 72,223
    10900 NE 4TH ST 1700
    BELLEVUE,WA98004
    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 ASSIST ELIGIBLE INSTITUTIONS TO APPLY FOR PATENTS RELATED TO DISCOVERIES, INVENTIONS, AND PROCESSES RESULTING FROM THEIR RESEARCH AND TO MANAGE PATENT RIGHTS. (RELATED GRANTS: $271,653) 1,159,407
    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
    10,973,306
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    310,011
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    310,011
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,663,295
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    10,663,295
    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
    10,663,295
    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 10,663,295
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 3,246,598
    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$ 9,480,979
    a Applied to 2012, but not more than line 2a 3,246,598
    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 2013 distributable amount..... 6,234,381
    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 ..........     		4,428,914
    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 of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW GENETICS: FISCHER ENDOWMENT 1,000,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) BIOENGINEERING, COULTER PROJECT MATCHING 250,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW MED SCHOOL, CTR FOR CANCER INNOVATION, PROF. BLAU 250,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW RECRUITMENT & RETENTION PROGRAM: PROF. CHIU 50,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    307 GERBERDING HALL BOX 351210
    SEATTLE,WA98195     		NONE SO I - TYPE 1 SUPPOR UW C4C W FUND: EDUCATION PROGRAMS 250,000
    ARCS FOUNDATION
    4616 25TH AVE NE PMB 429
    SEATTLE,WA98105     		NONE PC - 509(A)(1) OR (A 2013 FELLOWSHIPS CHOSEN BY ARCS 52,500
    ARCS FOUNDATION
    4616 25TH AVE NE PMB 429
    SEATTLE,WA98105     		NONE PC - 509(A)(1) OR (A SPONSOR ANNUAL MEETING 5,000
    BENAROYA RESEARCH INSTITUTE
    1201 9TH AVE
    SEATTLE,WA98101     		NONE PC - 509(A)(1) OR (A COMMERCIALIZATION GAP PROJECTS 100,000
    FRED HUTCHINSON CANCER RESEARCH CENTER
    1100 FAIRVIEW AVE N
    SEATTLE,WA98109     		NONE PC - 509(A)(1) OR (A BLOOD BRAIN BARRIER RESEARCH, PROF. OLSEN 50,000
    INSTITUTE FOR SYSTEMS BIOLOGY
    401 TERRY AVE
    SEATTLE,WA98109     		NONE PC - 509(A)(1) OR (A ANNUAL SYMPOSIUM: SYSTEMS BIOLOGY 2,500
    PACIFIC NORTHWEST DIABETES RESEARCH CENTER
    720 BROADWAY
    SEATTLE,WA98122     		NONE PC - 509(A)(1) OR (A COMMERCIALIZATION GAP PROJECTS 50,000
    PUGET SOUND BLOOD CENTER
    1551 EASTLAKE AVE E 100
    SEATTLE,WA98102     		NONE PC - 509(A)(1) OR (A IMMUNOTHERAPY RESEARCH, DR. ZIMRING 48,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN CLEAN ENERGY 1,000,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN DATA DISCOVERY 1,000,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN NEUROENGINEERING 1,000,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW PROTEIN DESIGN: LSDF MATCH 1,000,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN PROTEIN DESIGN 999,910
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW CENTER FOR COMMERCIALIZATION: COMMERCIALIZATION GAP PROJECTS 250,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW ARTS & SCIENCES: UNDERGRADUATE RESEARCH FELLOWSHIPS 75,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW COMPUTER SCIENCE ENGINEERING: AMBIENT BACKSCATTER, PROF. GOLLKOTA 50,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW COMPUTER SCIENCE ENGINEERING: VENTRICULAR ASSIST, PROF. SMITH 50,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW MED SCHOOL, CSATS SYSTEM DEVELOPMENT, PROF. LENDVAY 50,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW MED SCHOOL, OPTHALMOLOGY PROJECT, PROF. SHEN 50,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW MECH ENGINEERING: BAFFLED TUBE RAMJET 40,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW C4C, COULTER, LSDF, WRF JOINT PROJECT 25,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW NANOFABRICATION FACILITY, PROF. IYALL 8,200
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW CENTER FOR SENSORINEURAL ENGINEERING 5,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW MED. SCHOOL: HEALTH INNOVATIONS 5,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW BIOLOGY: NEUROFUTURES SUMMIT 2,500
    UNIVERSITY OF WASHINGTON FOUNDATION
    307 GERBERDING HALL BOX 351210
    SEATTLE,WA98195     		NONE SO I - TYPE 1 SUPPOR UW CENTER FOR INNOVATION AND ENTREPRENEURSHIP: BUS. PLAN COMP. PRIZE 10,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    307 GERBERDING HALL BOX 351210
    SEATTLE,WA98195     		NONE SO I - TYPE 1 SUPPOR UW CENTER FOR INNOVATION AND ENTREPRENEURSHIP 4,153
    UNIVERSITY OF WASHINGTON FOUNDATION
    307 GERBERDING HALL BOX 351210
    SEATTLE,WA98195     		NONE SO I - TYPE 1 SUPPOR UW MED SCHOOL: INVENTOR OF THE YEAR PROGRAM 2,500
    UNIVERSITY OF WASHINGTON FOUNDATION
    307 GERBERDING HALL BOX 351210
    SEATTLE,WA98195     		NONE SO I - TYPE 1 SUPPOR UW MED SCHOOL: PHARMACY, PROF. SEAN SULLIVAN 1,000
    WESTERN WASHINGTON UNIVERSITY
    516 HIGH STREET
    BELLINGHAM,WA98225     		NONE PC - 170(C)(1) PROF. BRODHAGEN PROJECT 25,857
    Total .................................bullet 3a 7,762,120
    bApproved for future payment
    ARCS FOUNDATION
    4616 25TH AVE NE PMB 429
    SEATTLE,WA98105     		NONE PC - 509(A)(1) OR (A 2014-16 FELLOWSHIPS CHOSEN BY ARCS 202,500
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN CLEAN ENERGY 8,281,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN PROTEIN DESIGN 7,000,090
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN NEUROENGINEERING 6,190,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW INNOVATION IN DATA DISCOVERY 5,729,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW NANOFABRICATION FACILITY, OPERATING SUPPORT 750,000
    UNIVERSITY OF WASHINGTON
    301 GERBERDING HALL BOX 351230
    SEATTLE,WA98195     		NONE PC - 170(C)(1) UW ELECTRICAL ENGINEERING 200,000
    WASHINGTON STATE UNIVERSITY
    PO BOX 641025
    PULLMAN,WA91664     		NONE PC - 170(C)(1) COMMERCIALIZATION GAP PROJECTS 200,000
    Total .................................bullet 3b 28,552,590
    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 ............     		    14 143,189  
    4 Dividends and interest from securities....     14 1,817,213  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         -56,856
    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 7,435,426 3,011,310
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aROYALTY & LICENSE         73,433,245
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 9,395,828 76,387,699
    13Total. Add line 12, columns (b), (d), and (e)..................
    1385,783,527
    (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.)
    5B RENTAL INCOME FROM PROGRAM RELATED ENTITIES
    8 CAPITAL GAINS FROM EXEMPT ASSETS
    11A ROYALTY AND LICENSINGS FROM PROGRAM RELATED ACTIVITIES
    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)
    Yes
     
    (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
    1a(1) 8,000 TECHNOLOGY ALLIANCE MEETING SPONSORSHIP
    1a(1) 6,500 WA BIOTECHNOLOGY & BIOMEDICAL ASSOCIATION MEETING SPONSORSHIP
    1a(1) 5,000 WINGS - THE WASHINGTON MEDICAL TECHNOLOGY ANGEL NETWORK MEETING SPONSORSHIP
    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:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 72,223 72,223   0

    TY 2013 CashDeemedCharitableExplnStmt
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Explanation:
    PURSUANT TO SEC. 53.4942(A)-2(C)(3)(IV), WASHINGTON RESEARCH FOUNDATION NEEDS AN ADDITIONAL AMOUNT OF CASH TO COVER ITS CURRENT OPERATING AND ADMINISTRATIVE EXPENSES, AND OTHER NORMAL CURRENT DISBURSEMENTS DIRECTLY CONNECTED WITH THE FOUNDATION'S CHARITABLE ACTIVITIES. BASED ON AN ANALYSIS OF CURRENT YEAR NET CASH FLOW FROM OPERATING ACTIVITIES, THE ORGANIZATION REQUIRES A LARGER AMOUNT OF CASH FOR ITS CHARITABLE ACTIVITIES. THE ORGANIZATION REQUIRES $38,110,548 OF CASH TO MEET ITS OPERATING AND CHARITABLE ACTIVITIES AND TO SPLIT ITS ROYALTY/LICENSING FEE OBLIGATIONS FROM THE PATENTED RESEARCH WITH THE UNIVERSITY OF WASHINGTON AND OTHER TECHNOLOGY CO-OWNERS.

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GS PRIMARY - INTERNATIONAL EQUITY 4,126,350 4,126,350
    GS PRIMARY - FIXED INCOME 31,736,545 31,736,545
    GS PRIMARY - REAL ESTATE 854,863 854,863
    GS PRIMARY - FIXED INCOME - MANAGERS, LLC 16,477,881 16,477,881
    GS DOMESTIC EQUITY - DONALD SMITH SVC 1,646,200 1,646,200
    GS INTERNATIONAL EQUITY - ALTRINSIC 0 0
    GS INTERNATIONAL EQUITY - PICTET 12,014,129 12,014,129
    GS DOMESTIC EQUITY - DSM LARGE CAP 12,740,798 12,740,798
    GS INTERNATIONAL EQUITY - WILLIAM BLAIR INT'L 9,670,366 9,670,366
    GS DOMESTIC EQUITY - GANNETT WELSH KOTLER 1,734,709 1,734,709
    GS DOMESTIC EQUITY - DIAMOND HILL LVC 13,428,747 13,428,747
    GS INTERNATIONAL EQUITY - ARTISAN DYNAMIC 10,585,404 10,585,404
    GS INTERNATIONAL EQUITY - SPRUCEGROVE 8,563,699 8,563,699
    GS DOMESTIC EQUITY - BARON CAPITAL 13,454,961 13,454,961
    GS ALTERNATIVE INVESTMENTS 1,024,613 1,024,613
    GS PROTEGE PARTNERS 5,633,274 5,633,274
    GS HEDGE FUNDS 13,872,353 13,872,353
    GS AVENIR 9,886,478 9,886,478
    GS ETF STRATEGY - DOM EQUITY 2,041,965 2,041,965
    GS ETF STRATEGY - INTL EQUITY 2,022,687 2,022,687
    GS ETF STRATEGY - FIXED INC. 1,702,920 1,702,920
    GS PRIMARY - DOM EQUITY 1,192,686 1,192,686
    GS CAUSEWAY - INTERNATIONAL EQUITY 10,282,003 10,282,003
    ALDER BIOPHARMACEUTICALS 19,753,600 19,753,600

    TY 2013 InvestmentsOtherSchedule2
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCIUM BIOSCIENCES, INC. FMV 250,000 250,000
    ACYLIN THERAPEUTICS, INC. FMV 659,255 659,255
    ALDER BIOPHARMACEUTICALS FMV 0 0
    RECEPTOS (FKA APOPTOS, INC.) FMV 0 0
    APPATTACH FMV 0 0
    CARDEAS PHARMA CORP. FMV 3,046,816 3,046,816
    CARDIAC INSIGHT FMV 369,349 369,349
    DECIDE.COM (AKA PRICEYETI) FMV 0 0
    ENERG2 FMV 4,216,176 4,216,176
    FIBROGEN FMV 43,700 43,700
    FLEXMINDER FMV 600,000 600,000
    GLOBEIMMUNE INC. FMV 112,113 112,113
    IKARIA FMV 104,589 104,589
    LUCENT MEDICAL SYSTEMS FMV 42,000 42,000
    LUMISANDS FMV 4,891 4,891
    MICROGREEN POLYMERS INC. FMV 4,594,100 4,594,100
    MIRADOR BIOMEDICAL INC. FMV 795,000 795,000
    GROOVE BIOPHARMA (FKA MIRINA CORP.) FMV 1,044,206 1,044,206
    MOBISANTE FMV 1,484,441 1,484,441
    MODUMETAL FMV 912,877 912,877
    NEUROGRAFIX FMV 50,000 50,000
    NLIGHT PHOTONICS FMV 163,972 163,972
    ONCOFACTOR CORP. FMV 428,400 428,400
    NIMBIC (FKA PHYSWARE INC.) FMV 75,000 75,000
    RESOLVE THERAPEUTICS INC. FMV 1,500,000 1,500,000
    PROTEMO (FKA SIGBY.COM) FMV 250,000 250,000
    SKYTAP (FKA ILLUMITA INC.) FMV 2,266,348 2,266,348
    TARGETED GROWTH FMV 0 0
    UPTAKE MEDICAL CORP. FMV 2,340,101 2,340,101
    VIRAL LOGIC SYSTEMS CORP. FMV 1,168,323 1,168,323
    ACCELERATOR III FMV 436,232 436,232
    ALLIANCE OF ANGELS SEED FUND FMV 133,509 133,509
    ARCH VENTURE FUND VI FMV 2,795,026 2,795,026
    ARCH VENTURE FUND VII FMV 1,863,829 1,863,829
    VOYAGER CAPITAL FMV 24,517 24,517
    SNUPI TECHNOLOGIES INC. FMV 1,511,178 1,511,178
    ANSWERDASH (FKA QAZZOW) FMV 876,828 876,828
    SHIPPABLE FMV 75,234 75,234
    JUNO THERAPEUTICS FMV 500,000 500,000
    FARADAY PHARMACEUTICALS FMV 500,000 500,000

    TY 2013 LandEtcSchedule2
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 341,331 256,766 84,565 84,565
    EQUIPMENT 354,198 332,671 21,527 21,527
    FURNITURE & FIXTURES 172,938 156,360 16,578 16,578


    TY 2013 LegalFeesSchedule
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 492,693 475,244   15,661


    TY 2013 OtherAssetsSchedule
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED LICENSING FEES 40,266,162 23,591,461 23,591,461


    TY 2013 OtherExpensesSchedule
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 44,510 31,157   17,134
    BANK CHARGES 2,450 1,736   0
    OFFICE EQUIPMENT & COMMUNICATIONS 45,720 32,005   19,891
    REFERENCE MATERIALS 49,652 36,191   21,437
    OFFICE SUPPLIES 20,151 14,104   9,077
    RESEARCH EXPENSE 51,224,509 51,224,509   0
    VENTURE CENTER 275,963 219,107   56,856
    SPONSORSHIPS 27,000 16,400   2,500
    PENALTIES 21 0   0
    EQUITY PARTNERSHIPS 0 409,680   0


    TY 2013 OtherIncomeSchedule2
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SWAP INCOME FROM K-1   33,983  
    PFIC INCOME FROM K-1   3,187  
    ROYALTY & LICENSE 73,433,245 73,433,245 73,433,245


    TY 2013 OtherIncreasesSchedule
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 27,909,096


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 1,059,929 993,945   52,376


    TY 2013 TaxesSchedule
    Name:
    WASHINGTON RESEARCH FOUNDATION
    EIN: 91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 230,000 0   0
    PROPERTY TAXES 2,879 2,879   0
    FOREIGN TAXES 0 79,953   0
    OTHER TAXES 691,664 691,595   0