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
DISCUREN CHARITABLE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1201 THIRD AVE SUITE 4900   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981013099
A Employer identification number

20-2046554
B Telephone number (see instructions)

(206) 359-8574
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$14,395,650J 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
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 280,071 277,536  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,041,144
b Gross sales price for all assets on line 6a 4,301,603
7 Capital gain net income (from Part IV, line 2)... 1,041,144
8 Net short-term capital gain......... 0
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........ 1,321,215 1,318,680  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 105,495 10,549   94,945
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 29,278 2,928 0 26,350
b Accounting fees (attach schedule)....... Click to see attachment 2,136 1,922 0 214
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,403 7,403   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 89,942 77,307   12,635
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 234,254 100,109 0 134,144
25 Contributions, gifts, grants paid........ 1,792,907 1,792,907
26 Total expenses and disbursements. Add lines 24 and 25 2,027,161 100,109 0 1,927,051
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -705,946
b Net investment income (if negative, enter -0-) 1,218,571
c Adjusted net income (if negative, enter -0-)... 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............... 785 1,019 1,019
2 Savings and temporary cash investments.......... 802,681 843,087 843,087
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,555,316 Click to see attachment7,117,061 9,247,768
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)........... 9,598,616 Click to see attachment4,301,667 4,303,776
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) 12,957,398 12,262,834 14,395,650
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
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......... 12,957,398 12,262,834
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 instructions)...... 12,957,398 12,262,834
31 Total liabilities and net assets/fund balances (see instructions).. 12,957,398 12,262,834
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 12,957,398
2 Enter amount from Part I, line 27a..................... 2 -705,946
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 11,815
4 Add lines 1, 2, and 3.......................... 4 12,263,267
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 433
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 12,262,834
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 112. FARO TECHNOLOGIES INC   2012-11-01 2014-01-02
b 250. FARO TECHNOLOGIES INC   2013-01-15 2014-01-02
c 710. ADTRAN INC   2010-11-22 2014-01-22
d 182. COMCAST CORP NEW CL A   2010-01-21 2014-01-24
e 1114. ISHARES S&P PREFERRED STOCK INDEX FUND   2012-07-19 2014-01-24
370. JOS A BANK CLOTHIERS   2012-11-29 2014-01-24
8185.922 HARBOR INTERNATIONAL FUND   2011-08-29 2014-02-24
926.271 HARBOR INTERNATIONAL FUND   2006-04-28 2014-02-24
6309.089 HARBOR INTERNATIONAL FUND   2010-12-29 2014-02-24
660. THERMON GROUP HLDGS INC COM   2013-06-10 2014-02-27
4785.166 ING GLOBAL REAL ESTATE FD-I   2011-08-29 2014-03-18
22992.481 ING GLOBAL REAL ESTATE FD-I   2010-01-21 2014-03-18
570. ATMI INC   2013-08-19 2014-03-20
50. JOS A BANK CLOTHIERS   2012-11-29 2014-03-20
240. JOS A BANK CLOTHIERS   2013-01-30 2014-03-20
90. POWELL INDUSTRIES INC.   2013-05-08 2014-03-26
200. POWELL INDUSTRIES INC.   2010-11-22 2014-03-26
175. BIO RAD LABS INC   2010-11-22 2014-04-15
460. OPLINK COMMUNICATIONS INC NE W   2010-11-22 2014-04-23
415. OPLINK COMMUNICATIONS INC NE W   2010-11-22 2014-04-29
310. MDU RESOURCES GRP INC   2013-12-19 2014-05-02
190. MDU RESOURCES GRP INC   2010-11-22 2014-05-02
1125. MASIMO CORPORATION   2012-04-19 2014-05-06
700. K12 INC COM   2014-01-09 2014-05-14
170. K12 INC COM   2014-03-20 2014-05-14
630. STERIS CORPORATION   2010-11-22 2014-05-19
54. AT&T INC   2010-01-21 2014-05-27
33. ABBVIE INC   2010-10-08 2014-05-27
33. AIR PRODUCTS & CHEMICALS INC   2006-11-14 2014-05-27
22. AIR PRODUCTS & CHEMICALS INC   2010-01-21 2014-05-27
20. AMERICAN TOWER REIT INC   2012-05-10 2014-05-27
40. APACHE CORP   2007-06-19 2014-05-27
6. APPLE, INC.   2012-12-03 2014-05-27
134. BAKER HUGHES INC COM   2012-03-15 2014-05-27
17. BLACKROCK, INC.   2010-06-18 2014-05-27
90. CVS HEALTH CORPORATION   2012-05-11 2014-05-27
9. CHEVRON CORPORATION   2010-01-21 2014-05-27
16. CHEVRON CORPORATION   2005-11-02 2014-05-27
25. CHUBB CORP   2010-06-18 2014-05-27
99. CISCO SYSTEMS INC   2008-07-10 2014-05-27
29. COMCAST CORP NEW CL A   2010-01-21 2014-05-27
72. DANAHER CORP DEL COM   2005-11-02 2014-05-27
62. WALT DISNEY CO   2010-01-21 2014-05-27
2865.33 DOMINI SOCIAL EQUITY FUND   2012-08-21 2014-05-27
150. EMC CORP   2013-07-17 2014-05-27
62. FRANKLIN RESOURCES INC   2006-07-17 2014-05-27
181. GENERAL ELECTRIC CO COM   2010-01-21 2014-05-27
106. INTEL CORP COM   2013-09-25 2014-05-27
10. INTERNATIONAL BUSINESS MACH   1966-03-18 2014-05-27
4. INTERNATIONAL BUSINESS MACH   1965-11-01 2014-05-27
32. KRAFT FOODS GROUP   2012-11-27 2014-05-27
2568.938 THE YACKTMAN FUND   2012-02-14 2014-05-27
1553.074 THE YACKTMAN FUND   2011-11-30 2014-05-27
172. MICROSOFT CORP   2005-11-02 2014-05-27
109. MONDELEZ INTERNATIONAL INC   2011-12-08 2014-05-27
60. NOVARTIS A G SPONSORED ADR   2010-01-21 2014-05-27
11. ORACLE CORP COM   2005-11-02 2014-05-27
259. ORACLE CORP COM   2007-06-19 2014-05-27
54. PEPSICO INC   2010-01-21 2014-05-27
50. PROCTER & GAMBLE CO COM   2010-01-21 2014-05-27
77. QUALCOMM INC COM   2007-06-19 2014-05-27
28. SPDR S&P BIOTECH ETF   2010-01-21 2014-05-27
157. CHARLES SCHWAB CORP   2009-03-20 2014-05-27
87. UTILITIES SELECT SECTOR SPDR FUND   2010-01-21 2014-05-27
70. STRYKER CORP   2010-01-21 2014-05-27
196. SUNCOR ENERGY INC   2011-07-21 2014-05-27
34. TJX COMPANIES INC   2012-11-27 2014-05-27
17. UNION PACIFIC CORP   2013-11-20 2014-05-27
38. UNITED PARCEL SERVICE INC CL B   2010-01-21 2014-05-27
50. UNITED TECHNOLOGIES CORP COM   2005-11-02 2014-05-27
32. UNITEDHEALTH GROUP INC   2011-08-25 2014-05-27
150. VF CORPORATION   2008-11-07 2014-05-27
113. VALERO ENERGY CORP   2013-10-28 2014-05-27
65. WELLS FARGO & CO   2010-06-18 2014-05-27
21. ACCENTURE PLC F   2009-06-24 2014-05-27
84. COVIDIEN PLC   2013-07-17 2014-05-27
19. EATON CORP PLC   2012-12-01 2014-05-27
41. EATON CORP PLC   2012-12-01 2014-05-27
780. ARTHROCARE CORPORATION   2013-05-13 2014-05-30
750. THE FINISH LINE   2013-08-16 2014-05-30
690. TRIMBLE NAVIGATION   2010-11-22 2014-06-18
1376.039 BROWN CAPITAL MGMT SMALL CO INST CLASS   2011-01-06 2014-06-19
.742 BROWN CAPITAL MGMT SMALL CO INST CLASS   2011-08-29 2014-06-19
1.769 BROWN CAPITAL MGMT SMALL CO INST CLASS   2012-02-14 2014-06-19
301. KRAFT FOODS GROUP   2012-11-27 2014-06-20
27. KRAFT FOODS GROUP   2011-12-08 2014-06-20
290. CAL-MAINE FOODS INC   2013-06-26 2014-07-08
1200. WOLVERINE WORLD WIDE INC   2012-10-16 2014-07-22
82. AIR PRODUCTS & CHEMICALS INC   2006-11-14 2014-08-01
8. APACHE CORP   2007-06-19 2014-08-01
62. APACHE CORP   2005-11-02 2014-08-01
80. BAKER HUGHES INC COM   2012-03-15 2014-08-01
55. BAKER HUGHES INC COM   2010-01-21 2014-08-01
94. CVS HEALTH CORPORATION   2012-05-11 2014-08-01
200. INTEL CORP COM   2013-09-25 2014-08-01
200. MICROSOFT CORP   2005-11-02 2014-08-01
240. SUNCOR ENERGY INC   2011-07-21 2014-08-01
197. VALERO ENERGY CORP   2013-10-28 2014-08-01
100. COVIDIEN PLC   2013-07-17 2014-08-01
630. K12 INC COM   2014-03-20 2014-08-06
220. OSI SYSTEMS INC   2010-11-22 2014-08-28
134. ANALOGIC CORPORATION   2012-12-13 2014-09-15
346. ANGIODYNAMICS, INC   2010-11-22 2014-09-15
219. ARCTIC CAT INC   2014-08-28 2014-09-15
214. BARNES GROUP INC.   2014-06-18 2014-09-15
195. BILL BARRETT CORP   2012-03-19 2014-09-15
435. BOSTON PRIVATE FINANCIAL HOLDINGS   2013-06-07 2014-09-15
135. BRINKS COMPANY COM   2013-10-03 2014-09-15
178. CLECO CORPORATION   2014-06-17 2014-09-15
201. THE CHILDREN'S PLACE INC   2013-09-13 2014-09-15
137. CLARCOR INC   2014-05-30 2014-09-15
570. CLOUD PEAK ENERGY INC   2013-03-18 2014-09-15
435. COMSTOCK RESOURCES INC   2013-04-11 2014-09-15
104. DEALERTRACK TECHNOLOGIES INC   2014-05-13 2014-09-15
364. ENTEGRIS INC   2014-05-14 2014-09-15
92. EURONET WORLDWIDE INC   2014-04-23 2014-09-15
417. EVERBANK FINANCIAL CORP   2014-06-20 2014-09-15
140. THE FINISH LINE   2013-08-16 2014-09-15
356. FIRSTMERIT CORP   2011-04-05 2014-09-15
153. HAEMONETICS CORP   2010-11-22 2014-09-15
904. HARMONIC, INC.   2012-05-17 2014-09-15
155. HAYNES INT'L INC (NEW)   2013-11-26 2014-09-15
214. HILL-ROM HOLDINGS INC   2014-02-03 2014-09-15
125. INNOPHOS HOLDINGS INC   2013-05-08 2014-09-15
714. INVESTORS BANCORP INC NEW   2012-11-05 2014-09-15
209. ITRON INC COM   2014-05-06 2014-09-15
230. LSB INDS INC   2010-11-22 2014-09-15
267. LASALLE HOTEL PPTY SH BEN IN T   2012-12-14 2014-09-15
141. MDU RESOURCES GRP INC   2010-11-22 2014-09-15
331. MICROSEMI CORP   2013-10-17 2014-09-15
295. MISTRAS GROUP INC   2013-05-10 2014-09-15
135. NETGEAR INC   2010-11-22 2014-09-15
598. NORTHFIELD BANCORP INC   2013-07-05 2014-09-15
88. OSI SYSTEMS INC   2010-11-22 2014-09-15
527. OLD NATIONAL BANCORP COM   2010-11-22 2014-09-15
139. PTC INC.   2010-11-22 2014-09-15
132. POST PROPERTIES INC   2013-12-20 2014-09-15
150. POWELL INDUSTRIES INC.   2014-08-12 2014-09-15
109. REGAL BELOIT CORPORATION   2014-04-15 2014-09-15
168. ROFIN-SINAR TECHNOLOGIES INC   2014-03-26 2014-09-15
325. ROLLINS INC   2010-11-22 2014-09-15
155. SM ENERGY CO   2013-03-18 2014-09-15
382. SCIQUEST INC   2014-06-27 2014-09-15
168. SILGAN HOLDINGS INC   2013-12-23 2014-09-15
397. SYKES ENTERPRISES INC   2010-11-22 2014-09-15
120. UMB FINANCIAL CORPORATION   2012-12-04 2014-09-15
28. UMB FINANCIAL CORPORATION   2012-12-03 2014-09-15
237. WEST PHARMACEUTICALS SERVICE S   2010-11-22 2014-09-15
148. WINNEBAGO INDUSTRIES INC   2013-12-23 2014-09-15
233. WOODWARD INC COM   2010-11-22 2014-09-15
143. HELEN OF TROY LIMITED   2014-01-24 2014-09-15
447. HAEMONETICS CORP   2010-11-22 2014-09-25
414. MDU RESOURCES GRP INC   2010-11-22 2014-10-03
581. ACCENTURE PLC F   2009-06-24 2014-10-09
193. APACHE CORP   2005-11-02 2014-10-21
220. APACHE CORP   2006-11-14 2014-10-21
745. BAKER HUGHES INC COM   2010-01-21 2014-10-21
624. CHEVRON CORPORATION   2005-11-02 2014-10-21
415. SUNCOR ENERGY INC   2011-07-21 2014-10-21
898. SUNCOR ENERGY INC   2013-05-15 2014-10-21
660. VALERO ENERGY CORP   2013-10-28 2014-10-21
1014. ANGIODYNAMICS, INC   2010-11-22 2014-10-23
395. BRINKS COMPANY COM   2013-10-03 2014-10-30
3.181 AMG YACKTMAN FUND - SVC   2012-02-14 2014-11-04
3966.648 AMG YACKTMAN FUND - SVC   2011-11-30 2014-11-04
.003 BROWN CAPITAL MGMT SMALL CO INST CLASS   2012-02-14 2014-11-04
671.589 BROWN CAPITAL MGMT SMALL CO INST CLASS   2011-01-06 2014-11-04
300. WEST PHARMACEUTICALS SERVICE S   2010-11-22 2014-11-06
398. CHARLES SCHWAB CORP   2009-03-20 2014-11-14
395. COMSTOCK RESOURCES INC   2013-04-11 2014-11-25
880. COMSTOCK RESOURCES INC   2013-04-08 2014-11-25
17402.945 THIRD AVENUE REAL ESTATE VAL   2014-03-18 2014-12-05
270. NETGEAR INC   2010-11-22 2014-12-12
125. NETGEAR INC   2012-07-27 2014-12-12
CAPITAL GAIN 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 6,340   3,686 2,654
b 14,151   7,936 6,215
c 19,126   22,615 -3,489
d 9,586   2,928 6,658
e 42,130   43,983 -1,853
20,272   16,266 4,006
583,902   458,412 125,490
66,071   54,576 11,495
450,027   382,205 67,822
16,107   13,886 2,221
89,913   75,410 14,503
432,029   320,831 111,198
19,357   14,022 5,335
3,211   2,198 1,013
15,411   9,651 5,760
5,757   4,253 1,504
12,794   6,799 5,995
21,110   16,576 4,534
7,908   8,090 -182
7,054   7,299 -245
11,061   9,184 1,877
6,779   3,909 2,870
26,114   24,883 1,231
16,141   15,902 239
3,920   3,611 309
33,527   21,695 11,832
1,896   1,392 504
1,780   908 872
3,917   2,285 1,632
2,611   1,777 834
1,780   1,356 424
3,594   3,496 98
3,737   3,530 207
9,361   6,371 2,990
5,168   2,708 2,460
6,933   4,110 2,823
1,105   691 414
1,965   932 1,033
2,311   1,325 986
2,443   1,386 1,057
1,504   467 1,037
5,653   1,913 3,740
5,174   1,911 3,263
80,000   59,169 20,831
3,976   3,812 164
3,399   1,712 1,687
4,799   2,923 1,876
2,809   2,516 293
1,844   86 1,758
738   33 705
1,860   1,436 424
62,322   46,883 15,439
37,678   27,117 10,561
6,856   4,555 2,301
4,076   2,576 1,500
5,395   3,220 2,175
459   138 321
10,819   5,175 5,644
4,668   3,311 1,357
4,013   2,998 1,015
6,178   3,298 2,880
3,686   1,550 2,136
4,000   2,198 1,802
3,660   2,667 993
5,608   3,838 1,770
7,525   8,139 -614
1,858   1,477 381
3,348   2,702 646
3,916   2,281 1,635
5,790   2,546 3,244
2,532   1,448 1,084
9,423   1,912 7,511
6,085   4,499 1,586
3,269   1,821 1,448
1,678   663 1,015
6,021   5,083 938
1,411   970 441
3,045   2,092 953
37,635   27,394 10,241
21,506   16,246 5,260
26,391   12,684 13,707
99,818   60,356 39,462
54   33 21
128   85 43
18,157   13,509 4,648
1,629   1,035 594
21,636   13,428 8,208
29,407   26,230 3,177
10,832   5,678 5,154
801   699 102
6,211   4,142 2,069
5,442   3,803 1,639
3,741   2,604 1,137
7,179   4,292 2,887
6,728   4,747 1,981
8,536   5,296 3,240
9,547   9,966 -419
9,872   7,844 2,028
8,621   6,052 2,569
14,379   13,381 998
15,212   7,895 7,317
9,565   9,390 175
4,616   4,900 -284
7,890   8,106 -216
7,098   8,241 -1,143
4,159   5,809 -1,650
5,455   4,362 1,093
3,545   3,721 -176
9,815   9,303 512
10,542   11,243 -701
8,731   8,028 703
7,604   11,020 -3,416
9,094   7,376 1,718
4,716   4,127 589
4,328   4,008 320
4,510   4,134 376
7,823   8,411 -588
4,395   3,033 1,362
6,504   6,244 260
5,483   4,505 978
5,842   3,807 2,035
8,013   8,256 -243
9,313   7,648 1,665
7,354   6,625 729
7,448   4,813 2,635
8,537   7,971 566
8,669   5,085 3,584
9,409   6,394 3,015
4,075   2,901 1,174
8,510   8,431 79
6,165   6,004 161
4,433   4,335 98
8,103   7,080 1,023
5,799   3,158 2,641
7,130   5,314 1,816
5,461   3,023 2,438
6,831   5,956 875
7,714   7,882 -168
7,584   8,000 -416
3,955   4,085 -130
9,805   5,780 4,025
13,423   9,053 4,370
6,429   6,575 -146
8,362   7,972 390
8,122   7,090 1,032
6,899   5,117 1,782
1,610   1,194 416
10,297   4,536 5,761
3,638   4,038 -400
11,871   7,523 4,348
7,800   8,091 -291
15,298   13,161 2,137
11,254   8,517 2,737
45,439   18,349 27,090
14,443   12,892 1,551
16,463   14,275 2,188
39,918   35,271 4,647
71,473   36,348 35,125
14,229   17,233 -3,004
30,789   28,476 2,313
31,582   26,278 5,304
16,631   14,361 2,270
7,977   10,888 -2,911
80   58 22
99,920   69,258 30,662
       
50,000   29,457 20,543
15,184   5,742 9,442
11,478   5,573 5,905
4,380   6,698 -2,318
9,758   13,649 -3,891
569,424   520,000 49,424
9,278   8,669 609
4,295   4,001 294
      178,900
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       2,654
b       6,215
c       -3,489
d       6,658
e       -1,853
      4,006
      125,490
      11,495
      67,822
      2,221
      14,503
      111,198
      5,335
      1,013
      5,760
      1,504
      5,995
      4,534
      -182
      -245
      1,877
      2,870
      1,231
      239
      309
      11,832
      504
      872
      1,632
      834
      424
      98
      207
      2,990
      2,460
      2,823
      414
      1,033
      986
      1,057
      1,037
      3,740
      3,263
      20,831
      164
      1,687
      1,876
      293
      1,758
      705
      424
      15,439
      10,561
      2,301
      1,500
      2,175
      321
      5,644
      1,357
      1,015
      2,880
      2,136
      1,802
      993
      1,770
      -614
      381
      646
      1,635
      3,244
      1,084
      7,511
      1,586
      1,448
      1,015
      938
      441
      953
      10,241
      5,260
      13,707
      39,462
      21
      43
      4,648
      594
      8,208
      3,177
      5,154
      102
      2,069
      1,639
      1,137
      2,887
      1,981
      3,240
      -419
      2,028
      2,569
      998
      7,317
      175
      -284
      -216
      -1,143
      -1,650
      1,093
      -176
      512
      -701
      703
      -3,416
      1,718
      589
      320
      376
      -588
      1,362
      260
      978
      2,035
      -243
      1,665
      729
      2,635
      566
      3,584
      3,015
      1,174
      79
      161
      98
      1,023
      2,641
      1,816
      2,438
      875
      -168
      -416
      -130
      4,025
      4,370
      -146
      390
      1,032
      1,782
      416
      5,761
      -400
      4,348
      -291
      2,137
      2,737
      27,090
      1,551
      2,188
      4,647
      35,125
      -3,004
      2,313
      5,304
      2,270
      -2,911
      22
      30,662
       
      20,543
      9,442
      5,905
      -2,318
      -3,891
      49,424
      609
      294
       
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 1,041,144
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 1,657,400 15,511,287 0.106851
2012 1,361,775 15,462,248 0.088071
2011 1,452,868 15,050,693 0.096532
2010 1,297,457 13,769,784 0.094225
2009 906,196 5,418,332 0.167246
2 Total of line 1, column (d) ...................... 2 0.552925
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 0.110585
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 15,063,331
5 Multiply line 4 by line 3....................... 5 1,665,778
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 12,186
7 Add lines 5 and 6......................... 7 1,677,964
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,927,051
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 12,186
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 12,186
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 12,186
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 5,136
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 35,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,136
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 125
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 27,825
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet27,825 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 addressbullet  
    14
    The books are in care ofbulletJEAN WATSON SEC-TREAS Telephone no.bullet (206) 359-8574
    Located atbullet1201 THIRD AVE SUITE 4900SEATTLEWA ZIP+4bullet981013099
    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
     
    No
    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
     
     
    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
    GREG COY DIRECTOR AND PROGRAM MANAGER
    23     		89,487    
    1201 THIRD AVE SUITE 4900
    SEATTLE,WA981013099
    POLLY M OLSEN DIRECTOR
    2     		8,004    
    1201 THIRD AVE SUITE 4900
    SEATTLE,WA981013099
    MARTHA ASHENFELTER DIRECTOR
    2     		8,004    
    1201 THIRD AVE SUITE 4900
    SEATTLE,WA981013099
    COLONEL F BETZ PRESIDENT
    0     		0    
    1201 THIRD AVE SUITE 4900
    SEATTLE,WA981013099
    ROBERT S MUCKLESTONE VICE PRES.
    0     		0    
    1201 THIRD AVE SUITE 4900
    SEATTLE,WA981013099
    F JEAN WATSON SEC/TREAS.
    1     		0    
    1201 THIRD AVE SUITE 4900
    SEATTLE,WA981013099
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    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
    15,292,204
    b
    Average of monthly cash balances.......................
    1b
    518
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,292,722
    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
    15,292,722
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    229,391
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,063,331
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    753,167
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    753,167
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    12,186
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,186
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    740,981
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    740,981
    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
    740,981
    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
    1,927,051
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,927,051
    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
    12,186
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,914,865
    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 7 740,981
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 637,098
    b From 2010....... 717,622
    c From 2011....... 729,546
    d From 2012....... 604,659
    e From 2013....... 889,482
    fTotal of lines 3a through e......... 3,578,407
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,927,051
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 740,981
    e Remaining amount distributed out of corpus 1,186,070
    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 4,764,477
    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 ..........     		0
    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) ...     		637,098
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		4,127,379
    10 Analysis of line 9:
    a Excess from 2010.... 717,622
    b Excess from 2011.... 729,546
    c Excess from 2012.... 604,659
    d Excess from 2013.... 889,482
    e Excess from 2014.... 1,186,070
    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).)
    NA
    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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    F JEAN WATSON
    1201 THIRD AVE SUITE 4900
    SEATTLE,WA981013099
    (206) 359-8574
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM TO BE PROVIDED BY THE FOUNDATION
    cAny submission deadlines:
    GRANTS ARE AWARDED QUARTERLY AND MUST BE SUBMITTED AT LEAST TWO WEEKS PRIOR TO MEETINGS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE AWARDED ONLY TO PUBLIC CHARITIES FOR SPECIFIC PROJECTS LOCATED IN WASHINGTON WHICH ADDRESS THE NEEDS OF LITERACY, BASIC EDUCATION AND DROPOUT PREVENTION
    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
    Northwest Maritime Center
    Kaci Cronkhite - Managing Director
    PO BOX 82
    Port Townsend,WA98368     		NONE PC 7TH GRADE MARITIME PROGRAM 10,000
    Community Schools
    Collaboration
    137 SW 154TH STREET
    Burien,WA98166     		NONE PC CSC COLLEGE READINESS 40,000
    COMMON THREADS FARM
    516 E NORTH STREET
    BELLINGHAM,WA98225     		NONE PC GROW FOR IT 30,000
    Communites in Schools of
    Spokane County
    905 W RIVERSIDE SUITE 314
    Spokane,WA99201     		NONE PC CHAMPIONS MENTORING 40,000
    WHALE TRAILS
    6523 CALIFORNIA AVE SW 410
    SEATTLE,WA98136     		NONE PC KIDS MAKING A DIFFERRENCE 18,000
    URBAN AMERICAN INDIAN ALASKA NATIVE
    EDUCATION ALLIANCE
    P O BOX 25142
    SEATTLE,WA981652042     		NONE PC SEATTLE CLEAR SKY NATIVE 20,000
    The Edge Foundation
    2017 FAIRVIEW AVE E SUITE 1
    Seattle,WA98102     		NONE PC FIRST CREEK MIDDLE SCHOOL 30,000
    SCHOOLS OUT WASHINGTON
    801 23RD AVE S SUITE A
    SEATTLE,WA98144     		NONE PC PROGRAM: FEED YOUR BRAIN 55,000
    PIERCE COUNTY LIBRARY FOUNDATION
    3005 112TH ST E
    TACOMA,WA98446     		NONE PC BLOCK PLAY 40,000
    Lake Washington Schools
    Foundation
    PO BOX 83
    Redmond,WA98073     		NONE PC LOOKING INTO THE NEEDS OF 45,000
    Communities in Schools of
    Whatcom County
    PO BOX 6071
    Bellingham,WA98227     		NONE PC MIDDLE SCHOOL RESOURCE 18,000
    Summer Search
    1109 1ST AVE SUITE 205
    Seattle,WA98101     		NONE PC SUPPORT SERVICES 45,000
    NORTH KITSAP SCHOOLS FOUNDATION
    P O BOX 1702
    POULSBO,WA98370     		NONE PC ROLLING 9,375
    Nature Vision Inc
    22509 STATE ROUTE 9 SE
    Woodinville,WA98072     		NONE PC NATURE DISCOVERIES OUTREACH 40,000
    PACIFIC EDUCATION INSTITUTE
    724 COLUMBIA ST NW
    OLYMPIA,WA98501     		NONE PC PEI COSTAL K-12 FIELDSTREM 35,000
    Rochester Organization of Familes
    PO BOX 312
    Rochester,WA98579     		NONE PC KID'S PLACE AFTER SCHOOL & 48,000
    LA IGLESIA ESPISCOPAL DE LA RESURRECTION
    415 S 18TH ST
    MOUNT VERNON,WA98274     		NONE PC RESURRECTION DAY CAMP 2014 46,000
    Boys & Girls Club of King County
    603 STEWART ST SUITE 300
    Seattle,WA98101     		NONE PC STUDY SQUAD 30,000
    Atlantic Street Center
    2103 S ATLANTIC STREET
    Seattle,WA98144     		NONE PC SUMMER ACADEMY PROGRAM 50,000
    Children's Home Society
    of Washington
    1612 PENNY LANE
    Walla Walla,WA993624474     		NONE PC ACADEMICS FUN CLUB/FARM 45,000
    Volunteers of America Western
    Washington
    PO BOX 839
    Everett,WA98206     		NONE PC MENTORING CHILDREN OF 45,000
    Clallam County Family
    YMCA
    302 S FRANCIS STREET
    Port Angeles,WA98362     		NONE PC AFTER THE BELL PROJECT 60,000
    Skagit Valley College
    Foundation
    2405 EAST COLLEGE WAY
    Mount Vernon,WA98273     		NONE PC HEAD START TEACHING 26,032
    COMMUNITY YOUTH SERVICES
    711 STATE AVE NE
    OLYMPIA,WA98506     		NONE PC BRIDGE PROGRAM 10,000
    Granite Falls School
    District
    205 N ALDER AVE
    Granite Falls,WA98252     		NONE PC MENTOR PROGRAM 25,000
    Mary Walker School
    District
    PO BOX 159
    Springdale,WA99173     		NONE PC RURAL ALLIANCE FOR COLLEGE 50,000
    SOUTHWEST YOUTH AND FAMILY SERVICES
    DELRIDGE WAY SW
    SEATTLE,WA98106     		NONE PC FUTURES 40,000
    Port Gamble S'Klallam Fdn
    31912 LITTLE BOSTON ROAD NE
    Kingston,WA98346     		NONE PC WOLFE SUMMER EXPERIENCE 40,000
    Port Townsend Marine
    Science Center
    532 BATTERY WAY
    Port Townsend,WA98368     		NONE PC WHALES OF THE SALISH SEA 22,500
    Big Brothers Big Sisters of
    SW Washington
    1801 BLACK LAKE BLVD SW
    Olympia,WA98512     		NONE PC SCHOOL-BASED MENTORING FOR 30,000
    NORTH CASCADES INSTITUTE
    810 STATE ROUTE 20
    SEDROWOOLLEY,WA98284     		NONE PC MOUNTAIN SCHOOL FIELD 50,000
    THE CHILD CARE ACTON COUNCIL
    OF THURSTON COUNTY
    3729 GRIFFIN LANE
    OLYMPIA,WA98501     		NONE PC RAISING A READER 30,000
    Together
    418 CARPENTER ROAD SE SUITE 203
    Lacey,WA98503     		NONE PC EVERGREEN VILLAGES 50,000
    CATHOLIC COMMUNITY SERVICES OF WESTERN
    WASHINGTON
    1902 2ND AVE
    SEATTLE,WA98101     		NONE PC YOUTH TUTORING PROGRAM 20,000
    Communities in Schools of Lakewood
    6402 100TH STREET SW
    Lakewood,WA98499     		NONE PC S.K.I.L.L. AFTER SCHOOL 35,000
    Hope in Christ Ministries
    837 4TH STREET
    Bremerton,WA98337     		NONE PC DROP-OUT PREVENTION & 65,000
    Peace Community Center
    2106 S CUSHMAN AVENUE
    Tacoma,WA98405     		NONE PC HILLTOP SCHOLARS MIDDLE 50,000
    Readiness to Learn WHIDBEY FD
    PO BOX 346
    Langley,WA98260     		NONE PC EDUCATIONAL SUPPORT FOR 50,000
    Animals as Natural
    Therapy
    721 VANWYCK ROAD
    Bellinhgham,WA98226     		NONE PC LEARNING LIFE PROJECT 40,000
    Friends of the Children of
    King County
    PO BOX 22801
    Seattle,WA98122     		NONE PC ENABLING VULNERABLE YOUTH 50,000
    WASHINGTON STATE FAMILY AND COMMUNITY
    P O BOX 77367
    SEATTLE,WA98177     		NONE PC PARENTNET MULTICULTURAL 50,000
    BOYS AND GIRLS CLUBS OF THURSTON COUNTY
    2200 CONGER AVE NW
    OLYMPIA
    WASHINGTON,WA98502     		NONE PC GET GOOD GRADES 35,000
    COMMUNITIES IN SCHOOLS
    OF TACOMA
    708 G STREET
    TACOMA,WA98405     		NONE PC READY SET READ 35,000
    WENATCHEE SCHOOL DISTRICT NO 246
    ATTN SUPERINTENDENT BRIAN FLONES
    235 SUNSET AVENUE
    WENATCHEE,WA98801     		NONE PC WENATCHEE HIGH SCHOOL 20,000
    CHILDREN'S MUSEUM OF TACOMA
    1501 PACIFIC AVENUE
    TACOMA,WA98402     		NONE PC PLAY TO LEARN 30,000
    University of Washington
    Foundation
    1900 COMMERCE STREET
    Tacoma,WA984023100     		NONE PC MATH, SCIENCE & LEADERSHIP 50,000
    Communities in Schools of
    Federal Way
    PO BOX 3440
    Federal Way,WA98063     		NONE PC OUTREACH COORDINATOR MODEL 50,000
    Olive Crest
    515 116TH AVE NE SUITE 174
    Bellevue,WA98004     		NONE PC FAMILY RESOURCE CENTER 40,000
    Total .................................bullet 3a 1,792,907
    bApproved for future payment
    Total .................................bullet 3b  
    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 ............     		         
    4 Dividends and interest from securities....     14 280,071  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 1,041,144  
    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)..   1,321,215  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,321,215
    (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:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE & REVIEW 2,136 1,922   214

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Name of Stock End of Year Book Value End of Year Fair Market Value
    HAYNES INTL INC NEW 19,412 22,068
    LSB INDS INC 14,925 21,222
    OSI SYSTEMS INC 9,223 18,188
    OLD NATL BANCORP 15,559 22,960
    POWELL INDUSTRIES 17,740 21,591
    ROLLINS INC 16,894 31,445
    UMB FINANCIAL CORP 17,185 24,633
    WOODWARD INC 21,817 33,575
    SYKES ENTERPRISES 19,149 27,296
    BILL BARRETT CORP 13,769 6,492
    FIRSTMERIT CORP 18,261 19,721
    HILL-ROM HOLDINGS INC 20,503 28,558
    INVESTORS BANCORP INC 14,096 23,471
    BOSTON PRIVATE 12,785 17,174
    CLOUD PEAK ENERGY 27,877 15,331
    INNOPHOS HOLDINGS 18,452 21,334
    MICROSEMI CORP 23,419 27,500
    MISTRAS GROUP INC 16,326 15,855
    NORTHFIELD BANCORP 20,104 25,930
    POST PROPERTIES INC 17,507 22,803
    SILGAN HLDGS INC 23,347 26,371
    WINNEBAGO INDS 11,786 9,400
    HELEN OF TROY LTD 21,250 27,130
    ANALOGIC CORPORATION 23,114 33,083
    ARCTIC CAT INC 23,664 22,756
    CLECO CORPORATION 26,782 28,470
    CLARCOR INC 23,340 26,856
    HARMONIC INC 11,142 18,548
    ITRON INC COM 23,302 25,839
    KITE REALTY GROUP TRUST 11,101 13,220
    LASALLE HOTEL PPTY SH BEN INT 18,751 31,688
    SANCHEZ ENERGY CORP 15,460 8,361
    SM ENERGY 23,890 17,554
    SCIQUEST INC 23,510 20,779
    TIME INC 14,089 14,520
    TRINITY INDUSTRIES 11,650 11,557
    BARNES GROUP INC 24,106 23,168
    CHILDRENS PLACE INC 30,501 33,573
    DEALERTRACK TECHNOLOGIES INC 12,143 13,559
    ENTEGRIS INC 11,737 14,082
    EURONET WORLDWIDE INC 12,042 14,713
    EVERBANK FINANCIAL CORP 24,668 23,310
    FINISH LINE 8,881 9,967
    PERNIX THERAPEUTICS HOLDINGS I 10,696 12,395
    PTC INC 8,831 14,880
    REGAL BELOIT CORP 23,561 24,139
    ROFIN-SINAR TECHNOLOGIES 11,964 14,155
    WEST PHARMACEUTICALS SERVICES 7,522 20,923
    GOLDMAN SACHS TAX FREE MM FUND 158,131 158,131
    COVIDIEN PLC 31,039 68,732
    EATON CORP PLC 32,709 43,562
    AT&T INC 32,338 52,602
    ABBVIE INC 16,071 38,217
    AIR PRODUCTS & CHEMICALS INC 24,351 59,855
    AMERICAN TOWER REIT INC 19,187 27,975
    APPLE INC 44,073 63,358
    BLACKROCK INC 28,357 63,646
    CVS HEALTH CORP 30,480 64,528
    CHUBB CORP 21,361 41,698
    CISCO CORP 29,708 59,023
    GUGGENHEIM SOLAR ETF 60,470 54,287
    COMCAST CORP NEW CL A 17,570 63,347
    DANAHER CORP DEL COM 22,004 70,968
    EMC CORP 34,977 73,993
    WALT DISNEY CO 26,825 84,394
    EBAY INC 36,109 38,386
    FIRST TRUST GLOBAL WIND 120,955 114,677
    FRANKLIN RESOURCES INC 20,655 41,417
    GENERAL ELECTRIC CO COM 35,950 56,251
    HOME DEPOT INC COM 19,821 26,033
    INTEL CORP COM 27,916 50,806
    INTERNATIONAL BUSINESS MACH 2,637 50,699
    METLIFE INC 28,298 40,081
    MICROSOFT CORP 35,457 63,683
    MONDELEZ INTERNATIONAL INC 25,567 39,304
    NOVARTIS A G SPONSORED ADR 35,747 61,712
    ORACCLE CORP COM 23,349 83,599
    PEPSICO INC 45,746 72,622
    PFIZER INC COM 28 52,893
    PROCTER & GAMBLE CO COM 41,689 67,224
    QUALCOMM INC COM 42,588 73,512
    SDR S&P BIOTECH ETF 21,477 72,346
    SCHWAB CORP 18,903 48,032
    UTILITIES SELECT SECTOR SPDR F 44,129 76,260
    STRYKER CORP 31,135 63,767
    TJX COMPANIES INC 36,753 58,019
    UNION PACIFIC CORP 36,710 55,038
    UNITED PARCEL SERVICE INC CL B 28,256 52,695
    UNITED TECHNOLOGIES CORP COM 20,262 45,770
    UNITEDHEALTH GROUP INC 28,830 64,394
    VF CORPORATION 13,382 78,645
    WELLS FARGO & CO 31,376 65,729
    AMG YACKTMAN FUND SVC 377,626 543,296
    BROWN CAPITAL MGMT SMALL CO IN 151,606 249,520
    EATON VANCE TAX-MANAGED EMERGI 544,032 553,411
    HARBOR INTERNATIONAL FUND 1,207,227 1,515,609
    MFS INTERNATIONAL 1,100,000 1,068,448
    DOMINI INTL SOCIAL EQ FUND 47,000 45,398
    DOMINI SOCIAL EQUITY FUND 684,683 862,402
    FIRST EAGLE 309,000 299,187
    MATTHES ASIA DIVIDEND FUND 323,000 344,681
    PNC FINANCIAL SERVICES GROUP 41,678 61,763

    TY 2014 InvestmentsOtherSchedule2
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD S/T INVESTMENT FUND AT COST 154,269 156,317
    VANGUARD INFL - ADM AT COST 146,405 154,607
    VANGUARD GNMA FD-ADM AT COST 1,098,092 1,115,163
    VANGUARD I-T INV GRD AT COST 1,170,331 1,172,401
    PIMCO COMMODITY REAL RETURN AT COST 462,063 306,220
    Q-BLK STRATEGIC PARTNERS AT COST 800,000 940,167
    GOLDMAN STRATEGIC AT COST 470,507 458,901

    TY 2014 LegalFeesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 29,278 2,928   26,350


    TY 2014 OtherDecreasesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 3,848 0   3,848
    PROGRAM MGMT FEES 1,853 0   1,853
    INVESTMENT MANAGEMENT FEE PCTC 69,339 62,405   6,934
    INVT MGMT FEE KENNEDY 14,902 14,902   0


    TY 2014 OtherIncreasesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Description Amount
       


    TY 2014 TaxesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN: 20-2046554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 7,403 7,403   0