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

68-0537904
B Telephone number (see instructions)

(206) 892-2092
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$39,641,469J Accounting method:
hybrid
(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 8,185 8,185  
4 Dividends and interest from securities... 419,857 419,857  
5a Gross rents............ 612,020 612,020  
b Net rental income or (loss) -74,111
6a Net gain or (loss) from sale of assets not on line 10 4,271,226
b Gross sales price for all assets on line 6a 10,271,714
7 Capital gain net income (from Part IV, line 2)... 4,271,226
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,894 0  
12 Total. Add lines 1 through 11........ 5,313,182 5,311,288  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 302,500 176,625   125,875
14 Other employee salaries and wages...... 93,350 32,673   60,678
15 Pension plans, employee benefits....... 25,572 12,786   12,786
16a Legal fees (attach schedule)......... Click to see attachment 11,984 0   11,984
b Accounting fees (attach schedule)....... Click to see attachment 3,737 934   2,803
c Other professional fees (attach schedule).... Click to see attachment 133,854 129,582   4,272
17 Interest............... 68,483 68,483   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 399,949 302,165   12,945
19 Depreciation (attach schedule) and depletion... Click to see attachment 262,895 262,895  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 14,450 14,450   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 91,995 68,748   23,058
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,408,769 1,069,341   254,401
25 Contributions, gifts, grants paid....... 1,484,361 1,484,361
26 Total expenses and disbursements. Add lines 24 and 25 2,893,130 1,069,341   1,738,762
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,420,052
b Net investment income (if negative, enter -0-) 4,241,947
c Adjusted net income (if negative, enter -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.............      
2 Savings and temporary cash investments......... 72,425 3,224,044 3,224,044
3 Accounts receivable bullet2,997,598
Less: allowance for doubtful accounts bullet     2,997,598 2,997,598
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet600,000
Less: allowance for doubtful accounts bullet0 600,000 Click to see attachment600,000 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 6,077    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 24,271,640 Click to see attachment22,482,827 22,482,827
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet8,794,608
Less: accumulated depreciation (attach schedule) bullet2,345,702 10,475,382 Click to see attachment6,448,906 10,937,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,425,524 35,753,375 39,641,469
Liabilities 17 Accounts payable and accrued expenses.......... 1,344 1,435
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,921,187 1,816,773
22 Other liabilities (describe bullet) Click to see attachment10,000 Click to see attachment92,360
23 Total liabilities (add lines 17 through 22)......... 1,932,531 1,910,568
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 33,492,993 33,842,807
30 Total net assets or fund balances (see instructions)..... 33,492,993 33,842,807
31 Total liabilities and net assets/fund balances (see instructions). 35,425,524 35,753,375
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
33,492,993
2
Enter amount from Part I, line 27a .....................
2
2,420,052
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
35,913,045
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,070,238
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
33,842,807
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 BEAVERTON STORE P   2015-12-31
b BELLEVUE COMMERCIAL WAREHOUSE P   2015-12-01
c 7128 SHS UNCMX     2015-12-21
d 2651 SHS UNSCX     2015-12-21
e 10,045 SHS UNBDX     2015-12-21
2,694 SHS UNCIX     2015-12-21
5,374 SHS IRSAX     2015-12-21
2,068 SHS WLGAX     2015-12-21
712 SHS IVDAX     2015-12-21
79 SHS IPOAX     2015-02-11
195 SHS IPOAX     2015-02-11
6,359 SHS IPOAX     2015-02-11
14,104 SHS UNHIX     2015-02-11
1,439 SHS UNHHX     2015-02-11
6,951 SHS UNHHX     2015-02-11
17,915 SHS UNHHX     2015-02-11
2,889 SHS WDVAX     2015-08-05
2,948 SHS UNASX     2015-10-29
6,220 SHS WEGAX     2015-08-05
1,998 SHS WEGAX     2015-11-24
1,717 SHS WEGAX     2015-08-05
193 SHS RRESX     2015-03-25
261 SHS RRESX   2014-12-22 2015-08-05
221 SHS RRESX     2015-10-08
112 SHS RGISX   2014-12-22 2015-03-25
858 SHS RGISX   2014-12-22 2015-08-05
627 SHS RGISX     2015-10-08
3,119 SHS RFCSX     2015-03-25
593 SHS SCHF   2014-08-08 2015-03-25
274 SHS SCHX   2014-08-01 2015-03-25
583 SHS SCHF   2014-08-08 2015-08-05
192 SHS SCHX   2014-08-01 2015-07-08
133 SHS SCHA   2015-03-25 2015-07-08
131 SHS SCHA   2015-03-25 2015-08-05
105 SHS VIG   2015-03-25 2015-08-05
22 SHS VIG   2015-03-25 2015-10-08
3,207 SHS VHGEX   2014-08-04 2015-03-25
23,795 SHS VFIDX   2014-08-04 2015-03-25
162 SHS VFIDX     2015-07-08
138 SHS VT   2015-03-25 2015-08-05
233 SHS DODFX   2014-08-01 2015-08-05
91 SHS RRESX     2015-03-25
1,376 SHS RGCSX     2015-10-08
33,129 SHS     2015-03-25
315 RFCSX   2007-02-13 2015-07-08
1,379 SHS RFCSX   2007-02-13 2015-08-05
1,577 SHS RFCSX     2015-10-08
57 SHS SCHF   2014-08-08 2015-10-08
377 SHS SCHX   2014-08-01 2015-08-05
400 SHS VHGEX   2014-08-04 2015-08-05
1,546 SHS VFIDX   2014-08-04 2015-08-05
1,650 SHS VFIDX   2014-08-04 2015-10-08
54 SHS VV   2012-10-10 2015-03-25
51 SHS VV   2012-10-10 2015-07-08
88 SHS VV   2012-10-10 2015-08-05
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,155,500 611,136 2,738,127 1,028,509
b 4,680,000 620,661 2,715,908 2,584,753
c 43,126   43,126 0
d 35,500   30,976 4,524
e 62,080   64,631 -2,551
24,944   24,298 646
145,106   119,705 25,401
37,475   32,183 5,292
12,164   12,164 0
1,217   1,152 65
3,006   2,845 161
98,244   83,919 14,325
100,000   98,139 1,861
5,311   5,663 -352
25,651   27,349 -1,698
66,107   68,157 -2,050
50,000   30,765 19,235
25,000   25,368 -368
78,367   87,883 -9,516
25,000   28,237 -3,237
21,633   13,665 7,968
7,818   7,509 309
10,000   10,115 -115
8,400   8,218 182
1,348   1,340 8
10,000   10,249 -249
7,200   7,482 -282
34,593   34,107 486
18,345   18,750 -405
13,616   12,648 968
17,993   18,434 -441
9,425   8,863 562
7,527   7,620 -93
7,503   7,506 -3
8,482   8,483 -1
1,680   1,777 -97
80,309   78,989 1,320
237,215   236,294 921
1,563   1,611 -48
8,539   8,566 -27
10,000   10,683 -683
3,686   3,616 70
12,500   14,565 -2,065
367,397   353,203 14,194
3,441   3,277 164
15,000   14,338 662
17,200   16,371 829
1,653   1,802 -149
19,019   17,402 1,617
10,000   9,842 158
15,000   15,350 -350
16,100   16,389 -289
5,144   3,533 1,611
4,806   3,336 1,470
8,532   5,757 2,775
575,249     575,249
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       1,028,509
b       2,584,753
c       0
d       4,524
e       -2,551
      646
      25,401
      5,292
      0
      65
      161
      14,325
      1,861
      -352
      -1,698
      -2,050
      19,235
      -368
      -9,516
      -3,237
      7,968
      309
      -115
      182
      8
      -249
      -282
      486
      -405
      968
      -441
      562
      -93
      -3
      -1
      -97
      1,320
      921
      -48
      -27
      -683
      70
      -2,065
      14,194
      164
      662
      829
      -149
      1,617
      158
      -350
      -289
      1,611
      1,470
      2,775
      575,249
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 4,271,226
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 2,478,864 40,990,108 0.060475
2013 1,607,177 39,668,195 0.040516
2012 2,017,064 38,078,922 0.052971
2011 1,916,427 40,390,986 0.047447
2010 1,982,051 38,585,474 0.051368
2
Total of line 1, column (d) .....................
20.252777
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
0.050555
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
37,675,370
5
Multiply line 4 by line 3......................
5
1,904,678
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
42,419
7
Add lines 5 and 6........................
7
1,947,097
8
Enter qualifying distributions from Part XII, line 4.............
8
1,738,762
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 84,839
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 84,839
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 84,839
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 21,600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,600
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 63,239
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletSCANDESIGNFOUNDATION.ORG
    14
    The books are in care ofbulletMARK T SCHLECK Telephone no.bullet (206) 892-2092

    Located atbullet1001 4TH AVENUE 4400SEATTLEWA ZIP+4bullet98154
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 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
     
     
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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
    MARK T SCHLECK PRESIDENT
    40.00     		262,500 12,786 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    ROBERT THOMPSON SEC/TREAS/DIRECTOR
    2.00     		25,000 0 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    ROB HARRIS DIRECTOR
    1.00     		15,000 0 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    MARY DELORME SPOUSE M SCHLECK-PRES OFF MGR/ACCT
    40.00     		92,232 12,786 0
    1001 - 4TH AVENUE SUITE 4400
    SEATTLE,WA98154
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    24,012,155
    b
    Average of monthly cash balances.......................
    1b
    302,353
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,934,599
    d
    Total (add lines 1a, b, and c).........................
    1d
    38,249,107
    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
    38,249,107
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    573,737
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    37,675,370
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,883,769
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,883,769
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    84,839
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    84,839
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,798,930
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,798,930
    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
    1,798,930
    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
    1,738,762
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,738,762
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,738,762
    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 1,798,930
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 1,481,113
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,738,762
    a Applied to 2014, but not more than line 2a 1,481,113
    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..... 257,649
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		1,541,281
    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) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    BELLINGHAM TECHNICAL COLLEGE
    3028 LINDBERG AVENUE
    BELLINGHAM,WA98225     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 600
    ATWORK
    1935 152ND PL NE
    BELLEVUE,WA98007     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 1,000
    CASCADE BICYCLE CLUB
    7400 SAND POINT WAY NE STE 101S
    SEATTLE,WA98115     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 6,000
    TINY TREES
    4406 38TH AVE S
    SEATTLE,WA98118     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 5,100
    CLIMATE SOLUTIONS
    1402 THIRD AVE
    SEATTLE,WA98101     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 6,000
    FUTUREWISE
    816 2ND AVE
    SEATTLE,WA98104     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 5,000
    LEADERSUP
    2401 ELLIOTT AVE
    SEATTLE,WA98121     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 20,000
    MARY'S PLACE
    1830 - 9TH AVE
    SEATTLE,WA98101     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 10,000
    NATIONAL FILM FESTIVAL FOR TALENTED YOUTH
    1319 DEXTER AVENUE N SUITE 250
    SEATTLE,WA98109     		NONE PUBLIC CHARITY 2016 FILM FESTIVAL GRANT 12,610
    NATUREBRIDGE
    28 GEARY ST STE 650
    SAN FRANCISCO,CA94108     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 3,410
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY 2014 PROGRAM SUPPORT (FINAL CHECK) 8,250
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY 2016 PROGRAM SUPPORT 23,500
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY 2016 PROGRAM SUPPORT 18,250
    NORDIC HERITAGE MUSEUM
    3014 NW 67TH ST
    SEATTLE,WA98117     		NONE PUBLIC CHARITY CAPITAL CAMPAIGN 250,000
    PACIFIC NORTHWEST BALLET
    301 MERCER STREET
    SEATTLE,WA98109     		NONE PUBLIC CHARITY 2016-17 FLEMMING HALBY EXCHANGE PROGRAM 13,425
    SCANDINAVIAN HERITAGE FOUNDATION
    8800 SOUTHWEST OLESON ROAD
    PORTLAND,OR97223     		NONE PUBLIC CHARITY 2015 AND 2016 PROGRAM SUPPORT 5,000
    SCANDINAVIAN HERITAGE FOUNDATION
    8800 SOUTHWEST OLESON ROAD
    PORTLAND,OR97223     		NONE PUBLIC CHARITY 2016 PROGRAM SUPPORT 20,000
    AMERICAN-SCANDINAVIAN FOUNDATION
    58 PARK AV
    NEW YORK,NY10016     		NONE PUBLIC CHARITY 2015 DANISH SUPPORT EXHIBIT 5,000
    BIG BROTHERS BIG SISTERS OF PUGET SOUND
    1600 S GRAHAM ST
    SEATTLE,WA98108     		NONE PUBLIC CHARITY HARRIS PROJECT SUPPORT 10,000
    THE EMERGE LEADERSHIP PROJECT
    1100 DONALD PL NE
    BAINBRIDGE IS,WA98110     		NONE PUBLIC CHARITY 2014 SCHOLARSHIPS (FINAL CHECK) 20,000
    THE MOUNTAINEERS
    7700 SAND POINT WAY NE
    SEATTLE,WA98115     		NONE PUBLIC CHARITY PROGRAM SUPPORT 4,000
    THE EMERGE LEADERSHIP PROJECT
    1100 DONALD PL NE
    BAINBRIDGE IS,WA98110     		NONE PUBLIC CHARITY 2015 PROGRAM SUPPORT 4,990
    THE EMERGE LEADERSHIP PROJECT
    1100 DONALD PL NE
    BAINBRIDGE IS,WA98110     		NONE PUBLIC CHARITY 2015 ADDITIONAL SCHOLARSHIPS 16,985
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2015-16 ARCHITECTURE INTERSHIP PROGRAM 27,500
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016 AND 2017 DISTINGUISHED VISITING PROFESSOR PROGRAM - TRAVEL STUDY FUNDING 30,920
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016 DISTINGUISHED VISITING PROFESSOR OF FURNITURE DESIGN PROGRAM 50,780
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016 SUSTAINABLE URBAN MOBILITY TRAVEL STUDY PROGRAM 64,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016-17 ARCHITECHTURE INTERNSHIP PROGRAM 35,700
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW CBE - 2016-17 FELLOWSHIP PROGRAM 156,341
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW-ISCHOOL - 2016 EXPLORATION SEMINAR 51,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 359504
    SEATTLE,WA98195     		NONE PUBLIC CHARITY UW MEDICINE - 2016-17 INTERNSHIP AND RESEARCH GRANT PROGRAM 140,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WA53726     		NONE PUBLIC CHARITY UW-MADISON - 2015-16 EXTRA EXCURSION FUNDING 10,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WA53726     		NONE PUBLIC CHARITY UW-MADISON - 2016 SUMMER SCHOLARSHIP PROGRAM 34,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WI53726     		NONE PUBLIC CHARITY UW-MADISON - 2016-17 SUMMER SCHOLARSHIP PROGRAM 277,500
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WI53726     		NONE PUBLIC CHARITY UW-MADISON - 2016 FACULTY LED STUDENT STUDY TRIP 30,000
    OREGON BALLET THEATRE
    0720 SW BANCROFT STREET
    PROTLAND,OR97239     		NONE PUBLIC CHARITY 2015 TIVOLI SUMMER ACADEMY, ACT III NAPOLI 12,500
    PORTLAND STATE UNIVERSITY
    1600 SW 4TH AVE
    PORTLAND,OR97201     		NONE PUBLIC CHARITY 2016 AND 2017 SUMMER, 2015-16 AND 2016-17 FELLOWSHIP PROGRAM 50,000
    PUGET SOUNDKEEPER ALLIANCE
    130 NICKERSON ST STE 107
    SEATTLE,WA98109     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    SEATTLE GOODWILL INDUSTRIES
    700 DEARBORN PL S
    SEATTLE,WA98144     		NONE PUBLIC CHARITY THOMPSON PROGRAM SUPPORT 40,000
    Total .................................bullet 3a 1,484,361
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 8,185  
    4 Dividends and interest from securities....     14 419,857  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     34 -29,618  
    bNot debt-financed property.....     16 -44,493  
    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 4,271,226  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aMISCELLANEOUS     		    01 1,894  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,627,051 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    134,627,051
    (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:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,737 934   2,803

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

    TY 2015 AmortizationSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    LEASE COMMISSION 2011-12-01 66,240 38,295 64.000000000000 12,420 12,420   50,715
    LOAN FEES CAPITALIZED 2013-09-18 10,018 2,569 59.000000000000 2,055 2,055   4,624

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

    TY 2015 DepreciationSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BEAVERTON BUILDINGS 2002-04-10 1,573,156 512,670 SL 39.000000000000 38,657 38,657    
    BEAVERTON LAND 2002-04-10 596,844   L   0 0    
    BELLEVUE WAREHOUSE 2002-04-10 1,770,988 577,143 SL 39.000000000000 43,518 43,518    
    BELLEVUE LAND 2002-04-10 619,012   L   0 0    
    EUGENE STORE BUILDING 2002-04-10 815,593 265,796 SL 39.000000000000 20,913 20,913    
    EUGENE LAND 2002-04-10 154,407   L   0 0    
    EUGENE HEATING & AC SYSTEM 2006-10-05 15,965 3,358 SL 39.000000000000 409 409    
    GRESHAM STORE BUILDING 2002-04-10 827,307 269,609 SL 39.000000000000 21,213 21,213    
    GRESHAM LAND 2002-04-10 182,693   L   0 0    
    LYNNWOOD STORE BUILDING 2002-04-10 4,069,291 1,326,136 SL 39.000000000000 104,341 104,341    
    LYNNWOOD LAND 2002-04-10 1,230,709   L   0 0    
    MEDFORD STORE BUILDING 2002-04-10 911,447 297,029 SL 39.000000000000 23,370 23,370    
    MEDFORD LAND 2002-04-10 508,553   L   0 0    
    AIR CONDITIONING 2006-10-03 23,100 4,859 SL 39.000000000000 592 592    
    ROOF 2013-01-31 45,525 2,286 SL 39.000000000000 1,167 1,167    
    BEAVERTON ROOF AFTER FIRE 2014-12-12 5,715 6 SL 39.000000000000 140 140    
    BEAVERTON BUILDING RESTORATION AFTER FIRE 2014-12-29 348,948 373 SL 39.000000000000 8,575 8,575    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WADDELL & REED FUNDS 11,013,197 11,013,197
    WF IVY GLOBAL NATURAL RESOURCES 513,309 513,309
    SCHWAB GREEN WEALTH MGMT 7,508,260 7,508,260
    WF - ISHARES TRUST MSCI EAFE INDEX FUND 560,176 560,176
    WF - CASH & SWEEP 0 0
    WF IVY FD CUNDILL GLOBAL VALUE FD A 190,831 190,831
    WF IVY FD CORE EQUITY FD CLASS A 661,227 661,227
    SPDR S&P 500 TRUST 2,035,827 2,035,827

    TY 2015 InvestmentsLandSchedule2
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EUGENE STORE BUILDING 815,593 286,709 528,884  
    EUGENE LAND 154,407 0 154,407  
    EUGENE HEATING & AC SYSTEM 15,965 3,767 12,198  
    GRESHAM STORE BUILDING 827,307 290,822 536,485  
    GRESHAM LAND 182,693 0 182,693  
    LYNNWOOD STORE BUILDING 4,069,291 1,430,477 2,638,814  
    LYNNWOOD LAND 1,230,709 0 1,230,709  
    MEDFORD STORE BUILDING 911,447 320,399 591,048  
    MEDFORD LAND 508,553 0 508,553  
    AIR CONDITIONING 23,100 5,451 17,649  
    LOAN FEES CAPITALIZED 10,018 4,624 5,394  
    ROOF 45,525 3,453 42,072  

    TY 2015 LegalFeesSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 11,984 0   11,984


    TY 2015 OtherDecreasesSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Description Amount
    PRIOR PERIOD ADJUSTMENTS FOR US BANK ACCOUNT CLOSED IN PY 261
    CHANGE IN UNREALIZED GAIN/LOSS 2,069,977


    TY 2015 OtherExpensesSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 32,286 16,143   16,143
    ORGANIZATION DEVELOPMENT 250 0   250
    GRANT DEVELOPMENT/MANAGEMENT 4,444 0   4,444
    BOARD MEETING EXPENSES 1,938 194   1,744
    PUBLIC RELATIONS 113 0   113
    INVESTMENT MANAGEMENT MEETINGS 43 0   43
    MISCELLANEOUS 321 0   321
    PY TAX PENALTY 189 0   0
    INSURANCE 22,842 22,842   0
    MAINTENANCE 590 590   0
    MAINTENANCE 202 202   0
    MAINTENANCE 546 546   0
    MAINTENANCE 13,183 13,183   0
    MAINTENANCE 573 573   0
    AMORTIZATION 14,475 14,475   0


    TY 2015 OtherIncomeSchedule2
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 1,894   1,894


    TY 2015 OtherLiabilitiesSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 10,000 0
    AMEX CREDIT CARD 0 13,410
    TAXES PAYABLE 0 78,950


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

    TY 2015 OtherNotesLoansRcvblLongSch
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904

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

    TY 2015 OtherProfessionalFeesSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 113,598 113,598   0
    BOARD D & O INSURANCE 8,544 4,272   4,272
    MISC CONSULTING 62 62   0
    APPRAISAL FEES 2,350 2,350   0
    APPRAISAL FEES 2,350 2,350   0
    APPRAISAL FEES 3,200 3,200   0
    APPRAISAL FEES 3,750 3,750   0


    TY 2015 TaxesSchedule
    Name:
    SCAN DESIGN FOUNDATION
     
    BY INGER & JENS BRUUN
    EIN:
    68-0537904
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 18,493 5,548   12,945
    FEDERAL EXCISE TAX 84,839 0   0
    FOREIGN TAX WITHHELD 5,925 5,925   0
    PROPERTY TAXES -5681 7,560 7,560   0
    PROPERTY TAXES -5672 5,908 5,908   0
    PROPERTY TAXES 49,370 49,370   0
    PROPERTY TAXES 50,183 50,183   0
    SERVICE FEE (TAXES) 6 6   0
    PROPERTY TAXES 51,687 51,687   0
    PROPERTY TAXES 120,463 120,463   0
    PROPERTY TAXES 5,513 5,513   0
    SERVICE FEE (TAXES) 2 2   0