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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$12,158,431J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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... 268,920 266,878  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 584,807
b Gross sales price for all assets on line 6a 2,825,081
7 Capital gain net income (from Part IV, line 2)... 584,807
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........ 853,727 851,685  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 99,251 9,925   89,326
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 43,462 4,346 0 39,115
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 42,410 7,410   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 75,376 67,508   7,868
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 262,635 91,111 0 136,523
25 Contributions, gifts, grants paid....... 1,839,049 1,839,049
26 Total expenses and disbursements. Add lines 24 and 25 2,101,684 91,111 0 1,975,572
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,247,957
b Net investment income (if negative, enter -0-) 760,574
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 1,019    
2 Savings and temporary cash investments......... 843,087 588,631 588,631
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)....... 7,117,061 Click to see attachment6,542,040 7,852,709
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).......... 4,301,667 Click to see attachment3,874,978 3,717,091
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) 12,262,834 11,005,649 12,158,431
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........ 12,262,834 11,005,649
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)..... 12,262,834 11,005,649
31 Total liabilities and net assets/fund balances (see instructions). 12,262,834 11,005,649
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
12,262,834
2
Enter amount from Part I, line 27a .....................
2
-1,247,957
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,014,877
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,228
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
11,005,649
Form 990-PF (2015)
Form 990-PF (2015)
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 375. MISTRAS GROUP INC   2013-05-10 2015-01-08
b 45. MISTRAS GROUP INC   2013-06-28 2015-01-08
c 440. WOODWARD INC COM   2010-11-22 2015-01-08
d 150. CLOUD PEAK ENERGY INC   2013-03-18 2015-01-20
e 750. CLOUD PEAK ENERGY INC   2013-04-03 2015-01-20
770. CLOUD PEAK ENERGY INC   2013-10-04 2015-01-20
370. LASALLE HOTEL PPTY SH BEN IN T   2012-12-14 2015-01-30
17. COVIDIEN PLC   2013-07-17 2015-01-30
655. COVIDIEN PLC   2011-08-25 2015-01-30
145. SM ENERGY CO   2013-03-18 2015-02-05
25. SM ENERGY CO   2010-11-22 2015-02-05
46. ANALOGIC CORPORATION   2012-12-13 2015-02-12
44. ANALOGIC CORPORATION   2014-05-30 2015-02-12
126. ANALOGIC CORPORATION   2014-05-30 2015-02-25
14. ANALOGIC CORPORATION   2010-11-22 2015-02-25
445. MISTRAS GROUP INC   2013-06-28 2015-03-03
25. AIR PRODUCTS & CHEMICALS INC   2006-11-14 2015-03-06
51. AIR PRODUCTS & CHEMICALS INC   2005-11-02 2015-03-06
124. WALT DISNEY CO   2010-01-21 2015-03-06
257. OSI SYSTEMS INC   2010-11-22 2015-03-19
59. THE CHILDREN'S PLACE INC   2013-09-13 2015-03-24
91. THE CHILDREN'S PLACE INC   2013-12-09 2015-03-24
49.026 HARBOR INTERNATIONAL FUND   2010-12-29 2015-03-30
7.198 HARBOR INTERNATIONAL FUND   2006-04-28 2015-03-30
1421.221 HARBOR INTERNATIONAL FUND   2011-08-29 2015-03-30
5709.561 HARBOR INTERNATIONAL FUND   2010-01-21 2015-03-30
.001 ROLLINS INC   2011-01-02 2015-04-03
161. ANALOGIC CORPORATION   2010-11-22 2015-04-06
413. LASALLE HOTEL PPTY SH BEN IN T   2012-12-14 2015-04-06
202. UMB FINANCIAL CORPORATION   2012-12-03 2015-04-08
18. UMB FINANCIAL CORPORATION   2010-11-22 2015-04-08
211. ARCTIC CAT INC   2014-08-28 2015-04-15
109. ARCTIC CAT INC   2014-09-11 2015-04-15
360. SUPERNUS PHARMACEUTICAL INC   2015-01-14 2015-04-20
330. LSB INDS INC   2010-11-22 2015-04-27
213. UMB FINANCIAL CORPORATION   2010-11-22 2015-04-27
180. HORIZON PHARMA PLC   2015-02-12 2015-04-30
910. SUPERNUS PHARMACEUTICAL INC   2015-01-14 2015-05-11
170. HORIZON PHARMA PLC   2015-02-12 2015-05-11
194. FIRSTMERIT CORP   2011-04-05 2015-05-15
850. FIRSTMERIT CORP   2011-04-04 2015-05-15
1113. GENERAL ELECTRIC CO COM   2010-01-21 2015-05-15
4088.307 AMG YACKTMAN FUND   2011-11-30 2015-05-26
900. SANCHEZ ENERGY CORP   2014-11-25 2015-05-28
570. SANCHEZ ENERGY CORP   2015-01-20 2015-05-28
52. CLECO CORPORATION   2014-06-17 2015-06-02
470. CLECO CORPORATION   2014-04-25 2015-06-02
3.51 PARAMETRIC TAX MANAGED EMERGING MARKETS   2011-01-06 2015-06-05
1153.486 PARAMETRIC TAX MANAGED EMERGING MARKETS   2010-10-14 2015-06-05
103. UNION PACIFIC CORP   2013-11-20 2015-06-05
121. UNITED TECHNOLOGIES CORP COM   2005-11-02 2015-06-05
11424.552 VANGUARD GNMA FUND   2010-01-21 2015-06-05
3002.985 VANGUARD I/T INVEST GRADE FUND   2011-09-28 2015-06-05
7213.378 VANGUARD I/T INVEST GRADE FUND   2013-10-22 2015-06-05
14783.637 VANGUARD I/T INVEST GRADE FUND   2010-01-21 2015-06-05
20. PERNIX THERAPEUTICS HOLDINGS INC   2014-10-10 2015-06-18
1300. PERNIX THERAPEUTICS HOLDINGS INC   2014-10-10 2015-06-18
8700. AMG YACKTMAN FUND   2011-11-30 2015-06-19
290. DEALERTRACK TECHNOLOGIES INC   2015-02-25 2015-06-22
306. DEALERTRACK TECHNOLOGIES INC   2014-05-13 2015-06-22
150. POWELL INDUSTRIES INC.   2014-08-12 2015-06-26
290. POWELL INDUSTRIES INC.   2010-11-22 2015-06-26
1066. ENTEGRIS INC   2014-05-14 2015-07-10
345. LSB INDS INC   2010-11-22 2015-08-07
78. AIR PRODUCTS & CHEMICALS INC   2005-11-02 2015-08-27
684. EBAY INC   2013-10-30 2015-08-27
748. FRANKLIN RESOURCES INC   2006-07-17 2015-08-31
1275. BOSTON PRIVATE FINANCIAL HOLDINGS   2013-06-07 2015-09-16
3179.016 GOLDMAN SACHS STRATEGIC INCOME FUND   2013-10-22 2015-09-21
928.756 VANGUARD INFLATION PROTECTED SECURITIES   2010-01-21 2015-09-21
6776.508 VANGUARD GNMA FUND   2010-01-21 2015-09-21
14414.808 VANGUARD I/T INVEST GRADE FUND   2010-01-21 2015-09-21
28.385 VANGUARD S/T INVEST GRADE FUND   2011-09-28 2015-09-21
1827.641 VANGUARD S/T INVEST GRADE FUND   2015-06-05 2015-09-21
8839.737 AMG YACKTMAN FUND   2011-11-30 2015-09-29
321. ARCTIC CAT INC   2014-09-11 2015-09-30
300. HILL-ROM HOLDINGS INC   2014-02-03 2015-09-30
97. HELEN OF TROY LIMITED   2014-01-24 2015-10-06
53. HELEN OF TROY LIMITED   2013-12-23 2015-10-06
660. TRINITY INDUSTRIES   2014-11-06 2015-10-22
277. UNITED TECHNOLOGIES CORP COM   2005-11-02 2015-10-26
1530. ASTORIA FINANCIAL CORP   2015-07-09 2015-10-29
120. EURONET WORLDWIDE INC   2014-04-23 2015-11-03
1050. STAGE STORES INC   2015-06-22 2015-11-12
388. POST PROPERTIES INC   2013-12-20 2015-11-25
3155.57 HARBOR INTERNATIONAL FUND   2010-01-21 2015-12-07
626. BARNES GROUP INC.   2014-06-18 2015-12-23
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 7,750   7,633 117
b 930   798 132
c 21,114   14,207 6,907
d 1,140   2,900 -1,760
e 5,702   13,595 -7,893
5,854   11,381 -5,527
15,198   8,861 6,337
1,818   1,029 789
70,053   30,010 40,043
7,146   8,469 -1,323
1,232   1,244 -12
3,954   3,223 731
3,782   3,013 769
10,741   8,628 2,113
1,193   660 533
8,410   7,895 515
3,815   1,731 2,084
7,783   2,958 4,825
12,877   3,823 9,054
18,848   9,223 9,625
3,764   3,300 464
5,806   4,787 1,019
3,411   2,970 441
501   424 77
98,874   79,588 19,286
397,214   305,576 91,638
2     2
14,104   7,590 6,514
16,267   9,890 6,377
10,452   8,612 1,840
931   668 263
7,951   7,810 141
4,108   4,019 89
4,807   3,223 1,584
15,115   7,296 7,819
11,227   7,905 3,322
5,140   3,032 2,108
12,004   8,148 3,856
4,829   2,864 1,965
3,753   3,403 350
16,443   14,859 1,584
30,328   17,975 12,353
100,000   71,382 28,618
9,331   15,460 -6,129
5,909   5,265 644
2,816   2,718 98
25,448   24,064 1,384
163   181 -18
53,672   58,366 -4,694
10,560   8,184 2,376
14,158   6,160 7,998
121,900   122,700 -800
29,249   30,150 -901
70,258   71,412 -1,154
143,993   145,027 -1,034
120   162 -42
7,769   10,533 -2,764
212,019   151,902 60,117
18,198   11,635 6,563
19,202   12,143 7,059
5,326   7,882 -2,556
10,297   9,858 439
14,490   11,737 2,753
8,891   7,628 1,263
10,990   4,524 6,466
18,447   15,197 3,250
30,469   20,655 9,814
15,098   12,785 2,313
31,631   33,504 -1,873
23,767   23,200 567
72,441   72,780 -339
140,256   141,409 -1,153
302   303 -1
19,446   19,483 -37
197,215   154,342 42,873
7,179   11,835 -4,656
15,528   10,722 4,806
9,018   5,488 3,530
4,927   2,610 2,317
8,523   11,650 -3,127
27,688   14,102 13,586
25,060   21,009 4,051
9,633   5,392 4,241
10,330   19,016 -8,686
22,817   17,507 5,310
200,000   168,886 31,114
22,263   24,106 -1,843
      141,913
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       117
b       132
c       6,907
d       -1,760
e       -7,893
      -5,527
      6,337
      789
      40,043
      -1,323
      -12
      731
      769
      2,113
      533
      515
      2,084
      4,825
      9,054
      9,625
      464
      1,019
      441
      77
      19,286
      91,638
      2
      6,514
      6,377
      1,840
      263
      141
      89
      1,584
      7,819
      3,322
      2,108
      3,856
      1,965
      350
      1,584
      12,353
      28,618
      -6,129
      644
      98
      1,384
      -18
      -4,694
      2,376
      7,998
      -800
      -901
      -1,154
      -1,034
      -42
      -2,764
      60,117
      6,563
      7,059
      -2,556
      439
      2,753
      1,263
      6,466
      3,250
      9,814
      2,313
      -1,873
      567
      -339
      -1,153
      -1
      -37
      42,873
      -4,656
      4,806
      3,530
      2,317
      -3,127
      13,586
      4,051
      4,241
      -8,686
      5,310
      31,114
      -1,843
       
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 2 584,807
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))
2014 1,914,865 15,063,331 0.127121
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
2
Total of line 1, column (d) .....................
20.5128
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
0.10256
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
13,357,469
5
Multiply line 4 by line 3......................
5
1,369,942
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,606
7
Add lines 5 and 6........................
7
1,377,548
8
Enter qualifying distributions from Part XII, line 4.............
8
1,975,572
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 7,606
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 7,606
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 7,606
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 27,825
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 27,825
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 0
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 20,219
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet20,219 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 2015 or the taxable year beginning in 2015 (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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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     		83,243    
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    13,560,882
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,560,882
    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
    13,560,882
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    203,413
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,357,469
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    667,873
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    667,873
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    7,606
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,606
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    660,267
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    660,267
    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
    660,267
    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
    1,975,572
    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
    1,975,572
    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
    7,606
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,967,966
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 660,267
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 717,622
    b From 2011...... 729,546
    c From 2012...... 604,659
    d From 2013...... 889,482
    e From 2014...... 1,186,070
    fTotal of lines 3a through e........ 4,127,379
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,975,572
    a Applied to 2014, 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 2015 distributable amount..... 660,267
    e Remaining amount distributed out of corpus 1,315,305
    5 Excess distributions carryover applied to 2015. 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 5,442,684
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. 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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		717,622
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		4,725,062
    10 Analysis of line 9:
    a Excess from 2011.... 729,546
    b Excess from 2012.... 604,659
    c Excess from 2013.... 889,482
    d Excess from 2014.... 1,186,070
    e Excess from 2015.... 1,315,305
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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 (2015)
    Form 990-PF (2015)
    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
    TEAM READ
    PO BOX 94042
    SEATTLE,WA98124     		NONE PC READING TUTORING PROGRAM 40,000
    KILLER WHALE TALES
    PO BOX 16453
    SEATTLE,WA98116     		NONE PC KIDS MAKING A DIFFERENCE 18,000
    TAKE THE NEXT STEP
    202 S SAMS STREET
    MONROE,WA98272     		NONE PC KIDZ CLUB 7,500
    COMMON THREADS FARM
    516 E NORTH STREET
    BELLINGHAM,WA98225     		NONE PC SCHOOL-BASED FOOD EDUCATION 30,000
    COMMUNITIES IN SCHOOLS OF
    SPOKANE COUNTY
    905 W RIVERSIDE SUITE 301
    SPOKANE,WA99201     		NONE PC PRIMETIME MENTORING 43,500
    URBAN AMERICAN INDIAN ALASKA NATIVE
    EDUCATION ALLIANCE
    P O BOX 25142
    SEATTLE,WA981652042     		NONE PC SEATTLE CLEAR SKY NATIVE 30,000
    THE EDGE FOUNDATION
    2017 FAIRVIEW AVE E SUITE 1
    SEATTLE,WA98102     		NONE PC LOW-INCOME, AT-RISK 25,000
    SCHOOLS OUT WASHINGTON
    801 23RD AVE S SUITE A
    SEATTLE,WA98144     		NONE PC PROGRAM: FEED YOUR BRAIN 55,000
    STEEL MAGIC NORTHWEST
    20104 - 88TH AVENUE WEST
    EDMONDS,WA98026     		NONE PC INSTRUMENT FUNDING 35,000
    COMMUNITY FOR YOUTH
    999 3RD AVENUE SUITE 1080
    SEATTLE,WA98104     		NONE PC MID-YEAR MENTORING COHORT 30,000
    LAKE WASHINGTON SCHOOLS
    FOUNDATION
    PO BOX 83
    REDMOND,WA98073     		NONE PC LOOKING INTO THE NEEDS OF 60,000
    SUMMER SEARCH
    1109 1ST AVE SUITE 205
    SEATTLE,WA98101     		NONE PC SECOND YEAR - SUMMER SEARCH 45,000
    NATURE VISION INC
    22509 STATE ROUTE 9 SE
    WOODINVILLE,WA98072     		NONE PC NATURE DISCOVERIES OUTREACH 40,000
    PACIFIC EDUCATION INSTITUTE
    724 COLUMBIA ST NW SUITE 255
    OLYMPIA,WA98501     		NONE PC PEI COASTAL K-12 FIELD STEM 50,000
    ROCHESTER ORGANIZATION OF FAMILIES
    PO BOX 312
    ROCHESTER,WA98579     		NONE PC KID'S PLACE AFTER SCHOOL & 48,000
    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 FARM LABOR HOMES/ACADEMIC 50,000
    CLALLAM COUNTY MEN'S
    YMCA - JEFFERSON BRANCH
    PO BOX 1637
    PORT TOWNSEND,WA98368     		NONE PC OLYMPIC PENINSULA 60,000
    COMMUNITY YOUTH SERVICES
    711 STATE AVE NE
    OLYMPIA,WA98506     		NONE PC THE BRIDGE PROGRAM 10,000
    OROVILLE SCHOOL DISTRICT
    1008 IRONWOOD STREET
    OROVILLE,WA98844     		NONE PC QUICK START TO ALGEBRA 32,000
    GRANITE FALLS SCHOOL
    DISTRICT
    205 N ALDER AVE
    GRANITE FALLS,WA98252     		NONE PC MENTOR PROGRAM 31,251
    MARY WALKER SCHOOL
    DISTRICT
    PO BOX 159
    SPRINGDALE,WA99173     		NONE PC BLUEPRINT TO ENGINEERING 42,000
    MANSON SCHOOL DISTRICT #19
    PO BOX A
    MANSON,WA98831     		NONE PC HIGH SCHOOL INTERNSHIP 40,000
    PORT GAMBLE S'KLALLAM FDN
    31912 LITTLE BOSTON ROAD NE
    KINGSTON,WA98346     		NONE PC SUMMER EDUCATION FOR NATIVE 40,000
    PORT TOWNSEND MARINE
    SCIENCE CENTER
    532 BATTERY WAY
    PORT TOWNSEND,WA98368     		NONE PC LIFE IN THE SALISH SEA 16,000
    CHILD CARE ACTION COUNCIL
    3729 GRIFFIN LANE
    OLYMPIA,WA98501     		NONE PC RAISING A READER PROJECT 30,000
    TOGETHER
    418 CARPENTER ROAD SE SUITE 203
    LACEY,WA98503     		NONE PC EVERGREEN VILLAGES 50,000
    CATHOLIC COMMUNITY SERVICES OF WESTERN
    WASHINGTON
    100 23RD AVE S
    SEATTLE,WA98144     		NONE PC YOUTH TUTORING PROGRAM 40,000
    WASHINGTON ALLIANCE FOR
    BETTER SCHOOLS
    18560 1ST AVENUE NE
    SHORELINE,WA98155     		NONE PC PARENT NATURAL LEADERS 88,000
    COMMUNITIES IN SCHOOLS OF LAKEWOOD
    6402 100TH STREET SW
    LAKEWOOD,WA98499     		NONE PC S.K.I.L.L. AFTER SCHOOL 40,000
    THE COFFEE OASIS
    837 4TH STREET
    BREMERTON,WA98337     		NONE PC OASIS ASSIST 35,000
    PEACE COMMUNITY CENTER
    2106 S CUSHMAN AVENUE
    TACOMA,WA98405     		NONE PC HILLTOP SCHOLARS MIDDLE 50,000
    COMMUNITIES IN SCHOOLS OF
    SEATTLE
    PO BOX 24872
    SEATTLE,WA98124     		NONE PC SITE COORDINATION 40,000
    NORTHWEST MARITIME CENTER
    KACI CRONKHITE - MANAGING DIRECTOR
    431 WATER STREET
    PORT TOWNSEND,WA98368     		NONE PC 7TH GRADE MARITIME PROGRAM 15,000
    ANIMALS AS NATURAL
    THERAPY
    721 VANWYCK ROAD
    BELLINGHAM,WA98226     		NONE PC LEARNING LIFE/SAFETY NET 45,000
    COMMUNITIES IN SCHOOLS OF PENINSULA
    COLLEEN SPEER - EXECUTIVE
    PO BOX 684
    VAUGHN,WA98394     		NONE PC MENTORING OUR STUDENTS TO 34,300
    FRIENDS OF THE CHILDREN OF
    KING COUNTY
    PO BOX 22801
    SEATTLE,WA98122     		NONE PC SCHOOL SUCCESS FOR 60,000
    COMMUNITIES IN SCHOOLS
    OF TACOMA
    708 SOUTH G STREET
    TACOMA,WA98405     		NONE PC READY, SET, READ 35,000
    EAST AFRICAN COMMUNITY SERVICES
    7050 32ND AVENUE
    SEATTLE,WA98118     		NONE PC MULTICULTURAL EDUCATION & 40,000
    SPOKANE SCHOOL DISTRICT #81
    200 N BERNARD
    SPOKANE,WA99201     		NONE PC INSPIRE IN THE ZONE - 49,929
    EDMONDS SCHOOL DISTRICT #15
    20420 68TH AVENUE WEST
    LYNNWOOD,WA98037     		NONE PC FAMILIES LEARNING & GROWING 68,569
    FRANKLIN PIERCE SCHOOL
    DISTRICT
    315 129TH STREET SOUTH
    TACOMA,WA98444     		NONE PC SECONDARY AVID 50,000
    CHILDREN'S MUSEUM OF TACOMA
    1501 PACIFIC AVENUE SUITE 202
    TACOMA,WA98402     		NONE PC PLAY TO LEARN 40,000
    UNIVERSITY OF WASHINGTON
    FOUNDATION
    1900 COMMERCE STREET
    TACOMA,WA984023100     		NONE PC MATH, SCIENCE & LEADERSHIP 50,000
    COMMUNITIES IN SCHOOLS OF
    FEDERAL WAY
    PO BOX 3317
    FEDERAL WAY,WA98003     		NONE PC SCHOOL OUTREACH 50,000
    Total .................................bullet 3a 1,839,049
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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....     14 268,920  
    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 ............     		    18 584,807  
    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)..   853,727  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13853,727
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN:
    20-2046554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION & REVIEW 2,136 1,922   214

    TY 2015 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 16,694
    OLD NATIONAL BANCORP 15,559 20,923
    ROLLINS INC 16,894 36,907
    WOODWARD INC 7,610 12,018
    SYKES ENTERPRISES 19,149 35,797
    BILL BARRETT CORP 21,734 5,384
    HILL-ROM HOLDINGS INC 9,781 15,668
    INVESTORS BANCORP INC 14,096 26,012
    INNOPHOS HOLDINGS 26,431 16,084
    MICROSEMI CORP 23,419 31,580
    NORTHFIELD BANCORP 20,104 27,892
    SILGAN HLDGS INC 23,347 26,430
    WINNEBAGO INDUSTRIES 11,786 8,597
    HELEN OF TROY LTD 13,151 25,165
    CLARCOR INC 23,340 20,021
    HARMONIC INC 11,142 10,769
    ITRON INC COM 28,329 27,533
    KITE REALTY GROUP TRUST 21,800 21,522
    SM ENERGY 22,468 10,911
    SCIQUEST INC 32,586 28,119
    TIME INC 24,090 15,983
    CHILDRENS PLACE INC 22,414 24,233
    EURONET WORLDWIDE INC 6,650 10,720
    EVERBANK FINANCIAL CORP 24,668 19,543
    FINISH LINE 8,881 7,413
    PTC INC 18,594 24,102
    REGAL BELOIT CORP 23,561 18,785
    ROFIN-SINAR TECHNOLOGIES 23,140 25,227
    WEST PHARMACEUTICALS SERVICES 7,522 23,666
    EATON CORP PLC 31,455 33,358
    AT&T INC 32,338 53,886
    ABBVIE INC 16,071 34,596
    AIR PRODUCTS & CHEMICALS INC 15,138 33,959
    AMERICAN TOWER REIT INC 19,187 27,437
    APPLE INC 44,073 60,419
    BLACKROCK INC 28,357 60,612
    CVS HEALTHCARE CORP 30,480 65,506
    CHUBB CORP 21,361 53,454
    CISCO SYSTEMS INC 29,708 57,623
    GUGGENHEIM SOLAR ETF 60,470 48,779
    COMCAST CORP NEW CL A 17,570 61,622
    DANAHER CORP DEL COM 22,004 76,905
    EMC CORP 34,977 63,892
    WALT DISNEY CO 23,002 81,122
    FIRST TRUST GLOBAL WIND ENERGY 120,955 128,095
    GENERAL ELECTRIC CO COM 17,975 34,670
    HOME DEPOT INC COM 50,617 68,902
    INTEL CORP COM 27,916 48,230
    INTERNATIONAL BUSINESS MACH 2,637 43,488
    METLIFE INC 28,298 35,724
    MICROSOFT CORP 35,457 76,063
    MONDELEZ INTERNATIONAL INC 25,567 48,517
    NOVARTIS A G SPONSORED ADR 35,747 57,303
    ORACCLE CORP COM 23,349 67,909
    PEPSICO INC 45,746 76,739
    PFIZER INC COM 28 54,811
    PROCTER & GAMBLE CO COM 41,689 58,605
    QUALCOMM INC COM 42,588 49,435
    SPDR S&P BIOTECH ETF 21,477 81,713
    SCHWAB CORP 18,903 52,392
    UTILITIES SELECT SECTOR SPDR F 44,129 69,897
    STRYKER CORP 31,135 62,827
    TJX COMPANIES INC 36,753 59,990
    UNION PACIFIC CORP 28,526 28,074
    UNITED PARCEL SERVICE INC CL B 28,256 45,613
    UNITEDHEALTH GROUP INC 28,830 74,937
    VF CORPORATION 13,382 65,362
    WELLS FARGO & CO 31,376 65,178
    BROWN CAPITAL MGMT SMALL CO IN 151,606 249,105
    HARBOR INTERNATIONAL FUND 649,783 775,780
    MFS INTERNATIONAL VALUE FUND 1,100,000 1,104,949
    DOMINI INTL SOCIAL EQUITY FUND 207,000 191,466
    DOMINI SOCIAL EQUITY FUND 684,683 712,535
    FIRST EAGLE OVERSEAS FUND 309,000 302,018
    MATTHEWS ASIA DIVIDEND FUND 321,525 346,940
    PNC FINANCIAL SERVICES GROUP 41,678 64,525
    MEDTRONIC PLC 48,224 49,383
    BB&T CORPORATION 30,596 31,382
    PARAMETRIC TAX MANAGED EMERGIN 485,485 412,704
    ECOLAB INC COMMON 24,542 24,363
    ISHARES GOLD TRUST 249,359 211,945
    PAYPAL HOLDINGS INC 20,911 24,761
    3M CO 27,970 26,964
    VISA INC 29,606 31,795
    AMN HEALTHCARE SVCS 11,690 18,630
    ACETO CORP COM 11,972 14,569
    ASTORIA FINANCIAL CORP 3,707 4,279
    BROCADE COMMUNICATIONS SYSTEM 23,484 23,960
    CORPORATE OFFICE PROPERTIES 18,861 14,189
    CROCS INC 23,587 20,787
    CYPRESS SEMICONDUCTOR CORP 17,675 17,756
    ESCO TECHNOLOGIES INC 18,871 17,709
    F.N.B. CORPORATION 11,732 11,206
    GRAMERCY PROPERTY TRUST 23,584 24,627
    HEALTHSOUTH CORPORATION 24,287 19,842
    HERSHA HOSPITALITY TRUST 18,377 15,058
    KEARNY FINANCIAL CORP OF MARYL 11,684 12,290
    LACLEDE GROUP INC 29,875 33,270
    MAGELLAN HEALTH INC 23,823 27,747
    MEDASSETS INC 17,445 27,846
    NATIONAL BANK HOLDINGS CORP - 16,638 17,310
    PAREXEL INTERNATIONAL 24,034 24,523
    PHARMERICA CORP 11,481 18,900
    PROS HOLDINGS INC 16,003 16,819
    REXFOR INDUSTRIAL REALTY INC 18,376 18,814
    SAGENT PHARMACEUTICALS 11,254 7,000
    UNIVERSAL ELECTRONICS, INC 22,447 23,621

    TY 2015 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 GRADE AT COST 258,423 258,028
    VANGUARD INFLATION PROTECTED S AT COST 123,205 127,249
    VANGUARD GNMA FUND AT COST 902,612 904,649
    VANGUARD I/T INVEST GRADE FUND AT COST 782,332 769,781
    PIMCO COMMODITY REAL RETURN AT COST 462,064 215,652
    Q-BLK STRATEGIC PARTNERS AT COST 800,000 939,039
    GOLDMAN SACHS STRATEGIC INCOME AT COST 546,342 502,693

    TY 2015 LegalFeesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN:
    20-2046554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 43,462 4,346   39,115


    TY 2015 OtherDecreasesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN:
    20-2046554
    Description Amount
    RETURN OF CAPITAL BASIS ADJUSTMENTS 2,728
    ACCRUED INCOME IN 2015 REC'D IN 2016 6,500


    TY 2015 OtherExpensesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN:
    20-2046554
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INV MGMT FEE KENNEDY 11,823 11,823   0
    INVESTMENT MANAGEMENT FEE PCTC 61,873 55,685   6,188
    PROGRAM MGMT FEES 1,680 0   1,680


    TY 2015 TaxesSchedule
    Name:
    DISCUREN CHARITABLE FOUNDATION
    EIN:
    20-2046554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 7,410 7,410   0
    2014 990-PF EXTENSION PAYMENT 35,000 0   0