Form990-PF
Click to see attachment

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
Laird Norton Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)801 Second Avenue Suite 1700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Seattle, WA98104
A Employer identification number

91-6339917
B Telephone number (see instructions)

(206) 395-0001
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$35,586,891J 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) 142,384
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 14,259 14,266  
4 Dividends and interest from securities... 817,635 817,635  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,331,662
b Gross sales price for all assets on line 6a 32,544,103
7 Capital gain net income (from Part IV, line 2)... 3,799,390
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ -357,384 4,631,291  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 115,567 5,778   109,789
14 Other employee salaries and wages...... 57,218 2,861   59,984
15 Pension plans, employee benefits....... 18,654 933   16,234
16a Legal fees (attach schedule)......... Click to see attachment 5,825 0   11,799
b Accounting fees (attach schedule)....... Click to see attachment 35,050 5,258   27,642
c Other professional fees (attach schedule).... Click to see attachment 143,948 143,948   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 72,532 19,224   13,198
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,895 0   6,895
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 163,800 2,155   155,968
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 619,489 180,157   401,509
25 Contributions, gifts, grants paid....... 1,432,891 1,432,891
26 Total expenses and disbursements. Add lines 24 and 25 2,052,380 180,157   1,834,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,409,764
b Net investment income (if negative, enter -0-) 4,451,134
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............. 77,617 141,851 141,851
2 Savings and temporary cash investments......... 1,723,272 1,482,392 1,482,392
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
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)....... 31,304,392 Click to see attachment28,805,341 28,805,341
c Investments—corporate bonds (attach schedule)....... 3,989,188 Click to see attachment4,038,042 4,038,042
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet26,007
Less: accumulated depreciation (attach schedule) bullet26,007      
15 Other assets (describe bullet) Click to see attachment907,063 Click to see attachment1,119,265 Click to see attachment1,119,265
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,001,532 35,586,891 35,586,891
Liabilities 17 Accounts payable and accrued expenses.......... 18,608 13,731
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)......... 18,608 13,731
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 37,982,924 35,573,160
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 37,982,924 35,573,160
31 Total liabilities and net assets/fund balances (see instructions). 38,001,532 35,586,891
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
37,982,924
2
Enter amount from Part I, line 27a .....................
2
-2,409,764
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
35,573,160
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
35,573,160
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 Publicly Traded Securities P   2015-12-31
b Capital Gains Dividends P    
c
d
e
(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 32,437,125   28,744,713 3,692,412
b 106,978     106,978
c
d
e
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       3,692,412
b       106,978
c
d
e
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 3,799,390
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 2,194,715 37,826,506 0.058021
2013 1,596,224 35,898,352 0.044465
2012 1,522,039 33,324,251 0.045674
2011 1,433,609 34,269,255 0.041834
2010 1,151,419 31,695,400 0.036328
2
Total of line 1, column (d) .....................
20.226322
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
0.045264
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
36,096,486
5
Multiply line 4 by line 3......................
5
1,633,871
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
44,511
7
Add lines 5 and 6........................
7
1,678,382
8
Enter qualifying distributions from Part XII, line 4.............
8
2,134,400
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 44,511
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 44,511
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 44,511
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 54,394
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 54,394
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,883
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet9,883 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletwww.lairdnorton.org
    14
    The books are in care ofbulletKatie Briggs Telephone no.bullet (206) 501-4510

    Located atbullet801 Second Ave Suite 1700SeattleWA ZIP+4bullet98104
    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
     
     
    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
     
    No
    .........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). Click to see attachment
    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
    Bruce Reed President
    2.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Charles Richardson Jr TREasurer
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    David Kane Director
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Graham Brown VICE PRESIDENT
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Lindsay Hall Director
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Norah Heintz Director
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    STEVE SCOTT director
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Allison Parks Director
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Andreas Ueland SECRETARY
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Catherine Slaymaker Associate Director
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    Katherine Wilson Associate Director
    1.00     		0 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    William Baran-Mickle Secretary (Through June 2015)
    1.00     		3,000 0 0
    801 2nd Ave 13th Floor
    SEATTLE,WA98104
    KATIE BRIGGS Managing Director
    40.00     		112,567 0 0
    801 2nd Ave 13th Floor
    Seattle,WA98104
    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
    Laird Norton Wealth Management Investment Services 143,948
    801 2ND AVE SUITE 1600
    SEATTLE,WA98104
    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 Loan to Root Capital Inc due December 31, 2020, interest rate of 2.0% payable annually. 100,000
    2 The Foundation invested $100,000 for a 7.14% interest in Canopy, LLC ("Canopy"), a program-related investment. 100,000
    All other program-related investments. See instructions.
    3 Click to see attachment 100,000
    Total. Add lines 1 through 3.........................bullet300,000
    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
    34,570,664
    b
    Average of monthly cash balances.......................
    1b
    2,075,515
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    36,646,179
    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
    36,646,179
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    549,693
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    36,096,486
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,804,824
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,804,824
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    44,511
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    44,511
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,760,313
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,760,313
    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
    1,760,313
    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
    1,834,400
    b
    Program-related investments—total from Part IX-B..................
    1b
    300,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,134,400
    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
    44,511
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,089,889
    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 1,760,313
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 727,178
    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$ 2,134,400
    a Applied to 2014, but not more than line 2a 727,178
    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..... 1,407,222
    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 ..........     		353,091
    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
    Adams Elementary School
    6110 28th Ave NW
    Seattle,WA98107     		  PC Program support 27,000
    Alliance Defending Freedom
    15100 N 90th St
    Scottsdale,AZ85260     		  PC Taproot Matching Grant 5,000
    Arthritis Foundation
    2261 Las Positas Road
    Santa Barbara,CA93105     		  PC Taproot Matching Grant 1,000
    Arts Corps
    4408 Delridge Way SWSuite 110
    Seattle,WA98106     		  PC Program support 43,500
    Arts For the Schools
    PO Box 866
    Truckee,CA96160     		  PC Program support 27,000
    Arts Impact
    PSESD 800 SW Oakesdale Ave
    Renton,WA98057     		  PC Program support 35,000
    Arts Impact
    PSESD 800 SW Oakesdale Ave
    Renton,WA98057     		  PC honoraria 500
    ARTsmart
    1516 Pacheco St
    Santa Fe,NM87505     		  PC Taproot Matching Grant 740
    As You Sow
    160 Johnson St
    Oakland,CA94612     		  PC Program support 35,000
    Bainbridge Artisans Resource Network
    221 Winslow Way West Box 205
    Bainbridge Island,WA98110     		  PC Board Grant 5,000
    Bainbridge Artisans Resource Network
    221 Winslow Way West Box 205
    Bainbridge Island,WA98110     		  PC Taproot Matching Grant 1,000
    Bainbridge Island Arts and Humanities Council
    221 Winslow Way West Suite 201
    Bainbridge Island,WA98110     		  PC Taproot Matching Grant 500
    Bellarmine Preparatory School
    2300 S Washington
    Tacoma,WA98405     		  PC Taproot Matching Grant 1,000
    Ben's Bells
    40 W Broadway Blvd
    Tucson,AZ85701     		  PC Taproot Matching Grant 1,000
    Bonneville Environmental Foundation
    240 SW 1st Avenue
    Portland,OR97204     		  PC Program support 215,000
    Boys to Men Mentoring Network Inc
    9587 Tropico Drive
    La Mesa,CA91941     		  PC Taproot Matching Grant 1,000
    Cape Cod Theatre Co - Harwich Jr Theater
    PO Box 168105 Division St
    West Harwich,MA02671     		  PC Taproot Matching Grant 2,000
    Capitol Hill Arts Workshop
    545 7th St SE
    Washington,DC20003     		  PC Taproot Matching Grant 500
    Children's Museum of Tacoma
    1501 Pacific AveSuite 202
    Tacoma,WA98402     		  PC Taproot Matching Grant 625
    Climate Solutions
    1402 3rd Ave Ste 1305
    Seattle,WA98101     		  PC Program support 20,000
    Climate Solutions
    1402 3rd Ave Ste 1305
    Seattle,WA98101     		  PC Program support 40,000
    Community Health Care
    1019 Pacific AveSuite 300
    Tacoma,WA98402     		  PC Taproot Matching Grant 500
    Conejo Valley Church of Christ
    2525 E Hillcrest Dr
    Thousand Oaks,CA91362     		  PC Taproot Matching Grant 2,425
    Doctors without Borders
    333 7th Avenue
    New York,NY10001     		  PC Taproot Matching Grant 1,000
    Duke University
    Box 90581Alumni and Development
    Office
    Durham,NC27708     		  PC Taproot Matching Grant 50
    EarthCorps
    6310 NE 74th Street Suite 201E
    Seattle,WA98115     		  PC Program support 30,000
    EarthHeart Foundation
    2508 N Burling St
    Chicago,IL60614     		  PC Taproot Matching Grant 2,000
    EarthHeart Foundation
    2508 N Burling St
    Chicago,IL60614     		  PC Taproot Matching Grant 6,000
    Eastside Catholic School
    232 228th Avenue SE
    Sammamish,WA98074     		  PC Employee Matching Grant 650
    El Porvenir
    80 Garden CenterSuite 135
    Broomfield,CO80020     		  PC Program support 37,000
    ELAW
    1412 Pearl Street
    Eugene,OR97401     		  PC Taproot Matching Grant 2,000
    ELAW
    1412 Pearl Street
    Eugene,OR97401     		  PC Program support 43,000
    Evergreen State College Foundation - Center for Sustainable Infrastructure
    Box 355685
    Olympia,WA98595     		  PC Program support 20,000
    Exploring the Arts
    16 W 23rd Street4th Floor
    New York,NY10010     		  PC Program support 20,000
    First United Methodist Church of Austin
    1201 Lavaca St
    Austin,TX78701     		  PC Taproot Matching Grant 3,000
    Folwell School Performing Arts Magnet
    3611 20th Avenue South
    Minneapolis,MN55407     		  PC Program support 27,000
    Friends of Great Salt Lake
    PO Box 2655
    Salt Lake City,UT841102655     		  PC Taproot Matching Grant 1,000
    Geos Institute
    84 4th Street
    Ashland,OR97520     		  PC Program support 25,000
    Get Lit-Words Ignite Inc
    672 S La Fayette Park Place Suite
    30
    Los Angeles,CA91601     		  PC Program support 10,000
    Global Washington
    500 Union StSte 801
    Seattle,WA98101     		  PC Taproot Matching Grant 1,000
    Habitat for Humanity of the Upper Keys
    98970 Overseas Hwy
    Key Largo,FL33037     		  PC Taproot Matching Grant 1,000
    Harvard University
    124 Mount Auburn Street
    Cambridge,MA02138     		  PC Employee Matching Grant 1,000
    Institute of Qigong & Integrative Medicine
    10127 Main PlaceSuite B
    Bothell,WA98011     		  PC Taproot Matching Grant 1,000
    International Rural Water Association
    122 North 6th Avenue
    Highland Park,NJ08904     		  PC Program support 27,000
    Investigate West
    PO Box 9574
    Seattle,WA98109     		  PC Employee Matching Grant 350
    Islamorada Community Entertainment (ICE)
    PO Box 562
    Islamorada,FL33036     		  PC Taproot Matching Grant 1,000
    John F Kennedy Center for the Performing Arts
    2700 F Street NW
    Washington,DC20566     		  PC Program Support 30,000
    Lake Wylie & Clover Mayday Project
    PO BOX 5123
    Lake Wylie,SC29710     		  PC Taproot Matching Grant 915
    Lincoln City Food Pantry at Coast Vineyard
    1505 NE 6th DRPO Box 1260
    Lincoln City,OR97367     		  PC Taproot Matching Grant 1,000
    Long Live the Kings
    1326 Fifth AveSuite 450
    Seattle,WA98101     		  PC Program support 25,000
    Mercy Corps
    PO Box 2669
    Portland,OR97208     		  PC Board designated disaster relief grant 10,000
    Mercy Corps
    PO Box 2669
    Portland,OR97208     		  PC Taproot Matching Grant 1,000
    Miwok Valley Elementary PTA
    1010 St Francis Dr
    Petaluma,CA94954     		  PC Taproot Matching Grant 1,000
    Miwok Valley Elementary PTA
    1010 St Francis Dr
    Petaluma,CA94954     		  PC Taproot Matching Grant 1,000
    MPS ArtsAchieve Mpls
    111 Third Avenue SouthSuite 5
    Minneapolis,MN55401     		  PC Taproot Matching Grant 2,000
    MPS ArtsAchieve Mpls
    111 Third Avenue SouthSuite 5
    Minneapolis,MN55401     		  PC Taproot Matching Grant 621
    Ninos del Sol
    85 Circle Loop
    Staten Islan,NY10304     		  PC Taproot Matching Grant 1,000
    Northwest Natural Resource Group
    1917 1st Ave Level A Suite 200
    Seattle,WA98101     		  PC Program support 20,000
    Northwest Sustainable Energy for Economic Development (Northwest SEED)
    1402 3rd AveSuite 901
    Seattle,WA98101     		  PC Taproot Matching Grant 1,000
    Omprakash
    2311 N 45th St
    Seattle,WA98103     		  PC Taproot Matching Grant 1,000
    Oregon Environmental Council
    222 NW Davis StreetSuite 309
    Portland,OR97209     		  PC Program support 15,000
    Orinda Woman's Club
    4097 Sugar Maple Drive
    Danville,CA94506     		  PC Taproot Matching Grant 1,000
    Pandemonium Productions
    6532 Camino Rojo
    Santa Fe,NM87507     		  PC Taproot Matching Grant 1,000
    Pasadena Symphony Association
    2 North Lake AveSuite 1080
    Pasadena,CA91101     		  PC Taproot Matching Grant 2,000
    PATH
    PO Box 900922
    Seattle,WA98109     		  PC Program support 50,000
    Pine Tree Hospice
    883 West Main St
    DoverFoxcroft,ME04426     		  PC Taproot Matching Grant 965
    Playwright's Center
    2301 E Franklin Ave
    Minneapolis,MN55406     		  PC Taproot Matching Grant 1,000
    Pure Water for the World Inc
    PO Box 55
    Rutland,VT05702     		  PC Program support 18,000
    Rhode Island Community Food Bank
    PO Box 817
    Providence,RI02901     		  PC Taproot Matching Grant 1,000
    Rogue River Watershed Council
    89 Alder St
    Central Point,OR97520     		  PC Taproot Matching Grant 1,000
    Salisbury School
    251 Canaan Rd
    Salisbury,CT06068     		  PC Taproot Matching Grant 2,000
    Salvation Army Northern Division
    2445 Prior Ave N
    Roseville,MN551132714     		  PC Board Grant 5,000
    SammamishIssaquah Young Life
    PO Box 2561
    Issaquah,WA98027     		  PC Program support 6,000
    San Marcos Kids Helping Kids Foundation
    4750 Hollister Ave
    Santa Barbara,CA93110     		  PC Program support 5,000
    Sandpoint Waldorf School
    PO BOX 95
    Sandpoint,ID83864     		  PC Taproot Matching Grant 2,000
    Satellite Collective
    328 W 101Suite 4A
    New York,NY10025     		  PC Taproot Matching Grant 2,000
    Save the Bay
    100 Save The Bay Drive
    Providence,RI02905     		  PC Taproot Matching Grant 1,000
    Scripps College
    1030 Columbia AvenuePMB 2009
    Claremont,CA91711     		  PC Taproot Matching Grant 2,000
    Seattle Office of Arts & Culture (Creative Advantage fiscal sponsor The Sea
    PO Box 94748
    Seattle,WA981244748     		  PC Program support 31,000
    Seattle Office of Arts & Culture (Creative Advantage fiscal sponsor The Sea
    PO Box 94748
    Seattle,WA981244748     		  PC honoraria 500
    Seeds of Heaven
    PO Box 337500 N 3rd St Ste105
    Fairfield,IA52556     		  PC Taproot Matching Grant 2,000
    Sightline Institute
    1402 Third Avenue Suite 500
    Seattle,WA98126     		  PC Program support 35,000
    Sightline Institute
    1402 Third Avenue Suite 500
    Seattle,WA98126     		  PC Employee matching grant 1,000
    Sing for your Seniors
    2906 21st AveSuite 3E
    Astoria,NY11105     		  PC Taproot Matching Grant 1,000
    Sound Experience
    PO BOX 1390
    Port Townsend,WA98368     		  PC Taproot Matching Grant 550
    Southern Oregon Climate Action Now (SOCAN)
    7113 Griffin Lane
    Jacksonville,OR975309342     		  PC Board Grant 1,000
    Splash
    1115 East Pike Street
    Seattle,WA98122     		  PC General operating support 50,000
    Sravasti Abbey
    692 Country Lane
    Newport,WA99156     		  PC Taproot Matching Grant 1,000
    St John's United Methodist Church
    2626 Arizona St NE
    Alburquerque,NM87110     		  PC Taproot Matching Grant 1,000
    St Michael's Country Day School
    180 Rhode Island Drive
    Newport,RI02840     		  PC Taproot Matching Grant 1,000
    Stolen Youth
    PO Box 296
    Seattle,WA98111     		  PC Taproot Matching Grant 1,000
    Teens In Public Service
    5430 Union Bay Place NE Suite 209C
    Seattle,WA98105     		  PC Program support 4,000
    The 5th Avenue Theatre Association
    1326 Fifth Avenue Suite 735
    Seattle,WA981012640     		  PC Taproot Matching Grant 1,000
    The Pacific Forest Trust
    1001-A OReilly Ave
    San Francisco,CA94129     		  PC Program support 35,000
    The Threshold Foundation
    PO Box 29903
    San Francisco,CA941290903     		  PC Board Grant 4,000
    Truckee River Watershed Council
    PO Box 8568
    Truckee,CA96162     		  PC Capacity building 35,000
    Turnaround Arts (fiscal sponsor Americans for the Arts)
    1000 Vermont Ave NW6th Floor
    Washington,DC20005     		  PC Program Support 43,000
    Twin Cities Orthopedics Foundation
    4200 Dahlberg DrSte 300
    Golden Valley,MN55422     		  PC Taproot Matching Grant 50
    Unicef
    125 Maiden Lane
    New York,NY10038     		  PC Taproot Matching Grant 1,000
    University of Washington - Marine and Environmental Affairs
    Box 355685
    Seattle,WA98195     		  PC Program support 5,000
    Upper Deschutes Watershed Council
    PO Box 1812
    Bend,OR97709     		  PC Program support 50,000
    Village Health Works
    45 W 36th Street8th Floor
    New York,NY10018     		  PC Employee Matching Grant 350
    Wasatch Community Gardens
    824 South 400 WestSuite 127
    Salt Lake City,UT84101     		  PC Taproot Matching Grant 1,000
    Washington Alliance for Arts Education
    158 Thomas St 16
    Seattle,WA98109     		  PC Program support 40,000
    Washington Alliance for Arts Education
    158 Thomas St 16
    Seattle,WA98109     		  PC honoraria 500
    Washington Environmental Council
    1402 3rd Ave Suite 1400
    Seattle,WA98101     		  PC Program support 20,000
    Washington Trails Association
    705 Second AveSuite 300
    Seattle,WA98104     		  PC Employee matching grant 600
    Washington Wildlife and Recreation Coalition
    1402 Third AveSuite 507
    Seattle,WA98101     		  PC Taproot Matching Grant 1,000
    Water 1st International
    1904 3rd AveSte 1012
    Seattle,WA98101     		  PC Program support 50,000
    Water 1st International
    1904 3rd AveSte 1012
    Seattle,WA98101     		  PC Taproot Matching Grant 1,000
    WaterAid America
    315 Madison AvenueSuite 2301
    New York,NY10017     		  PC Program support 50,000
    Westside School
    7740 34TH AVE SW
    Seattle,WA98136     		  PC Taproot Matching Grant 500
    Whidbey Institute
    PO BOX 57
    Clinton,WA98236     		  PC Taproot Matching Grant 1,000
    Winona County Historical Society
    160 Johnson St
    Winona,MN55897     		  PC Taproot Matching Grant 1,000
    WSU Center for Sustaining Ag & Natural Resources
    1100 N Western Ave
    Wenatchee,WA98001     		  PC Program support 25,000
    Total .................................bullet 3a 1,432,891
    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 14,259  
    4 Dividends and interest from securities....     14 817,635  
    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.....     01    
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 -1,331,662  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 -499,768 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-499,768
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    Laird Norton Family Foundation
     
    Employer identification number

    91-6339917
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    Laird Norton Family Foundation
          		Employer identification number
    91-6339917
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Laird Norton Real Estate
     

       
    801 2nd Avenue Suite 1300
     
    SEATTLE, WA98104

    		$ 135,984


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    HG Fenton Co  
    7577 Mission Valley Rd Suite 100
     
    San Diego, CA92108

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    Laird Norton Family Foundation
          		Employer identification number

    91-6339917
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    Laird Norton Family Foundation
          		Employer identification number

    91-6339917
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 35,050 5,258   27,642

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Category Amount
    LOAN TO SOLAR MOSAIC, INC DUE JULY 2016, INTEREST RATE OF 4.5% PAYABLE QUARTERLY. 50,000
    Loan to The Nature Conservancy due June 2018, interest rate of 0.75% payable annually. 50,000

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

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Whooshh Innovations
          		2001 West Garfield Street Pier 91 -
    Port of Seattle Bldg 156
    Seattle,WA98119     		2014-12-17 100,000 To further the use of the Whooshh transport conduit for fish passage. 80,000 None 7/11/2015, 4/13/2017   The foundation has no reason to doubt the accuracy or reliability of the report from the program related investment. Therefore, no independent verification of the report was made.
    ecotrust forest management
          		721 NW 9th Avenue Suite 200
    Portland,OR97209     		2014-12-17 200,000 Developing viable ecosystem service markets, rural processing infrastructure, and end markets for low-value biomass generated by ecotrust forest properties and surrounding landowners.   None 6/12/2017   The foundation has no reason to doubt the accuracy or reliability of the report from the program related investment. Therefore, no independent verification of the report was made.
    Canopy LLC
          		PO Box 2567
    Gig Harbor,WA98335     		2015-06-23 100,000 To develop education and training programs for investment managers, entrepreneurs, and canopy members with the intention of training individuals for the purpose of improving or developing their capabilities in the area of impact investing and the use of specialized funds to focus on community and regional advancement. 38,361 none 7/21/2016, 4/19/2017   The foundation has no reason to doubt the accuracy or reliability of the report from the program related investment. Therefore, no independent verification of the report was made.

    TY 2015 GeneralExplanationAttachment
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Identifier Return Reference Explanation
    Amended return 990-PF This return is being amended to include expenditure responsibilty statements that were inadvertently left off of the originally filed tax return. In addition, the return is being amended to disclose the Page 1, Part 1 Column d amounts on a cash basis. The return was also amended to exclude the loss from a taxable entity in computing net investment income.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Blackrock Strategic Income 918,603 918,603
    PIMCO Floating Income Fund 235,050 235,050
    Ridgeworth SEIX Floating Income Fund 464,668 464,668
    TIAA-Cref Soc Choice Bond 1,822,961 1,822,961
    William Blair Bond Fund 596,760 596,760

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Domestic & International Equities 2,778,270 2,778,270
    John Hancock II GI ABS 1,446,800 1,446,800
    Longleaf Partners 479,664 479,664
    Parnassus Core Equity Instl 2,819,892 2,819,892
    PAX World Small Cap 514,615 514,615
    TIAA-Cref Soc LW Carbon 5,717,510 5,717,510
    William Blair Dir MultiAlt 4,062,431 4,062,431
    Wilmington Multi Manager Alt 1,488,180 1,488,180
    Wisdomtree Emerging Mkts 255,657 255,657
    Wisdomtree Int'l Small Cap fund 319,085 319,085
    Aberdeen Emerging Mkts Fund 354,879 354,879
    Boston Common Int'l Fund 1,116,098 1,116,098
    Driehaus Active Income Fund 741,696 741,696
    Driehaus Small Cap Growth 305,548 305,548
    Eaton Vance Parametric 1,534,926 1,534,926
    Harbor Int'l 1,970,391 1,970,391
    William Blair Emerging Mkts Fund 330,552 330,552
    Johcm Int'l Select 1,866,236 1,866,236
    Northern Global RE Index 702,911 702,911

    TY 2015 LegalFeesSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fee 5,825 0   11,799


    TY 2015 OtherAssetsSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM RELATED INVESTMENTS 800,000 1,000,000 1,000,000
    Canopy LLC Investment   100,000 100,000
    ACCRUED INTEREST/DIVIDENDS 107,063 19,265 19,265


    TY 2015 OtherExpensesSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 419 0   419
    Board Expenses 138,109 0   138,109
    Finance Committee Expense 2,155 2,155   0
    Infrastructure 5,729 0   2,729
    Insurance 2,877 0   2,877
    Office Expense 3,607 0   1,259
    Office Supplies 446 0   446
    Parking 3,708 0   3,379
    Dues and Subscriptions 6,750 0   6,750


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 143,948 143,948   0


    TY 2015 TaxesSchedule
    Name:
    Laird Norton Family Foundation
    EIN:
    91-6339917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 40,000 0   0
    BUSINESS TAXES 145 0   35
    PAYROLL TAXES 13,856 693   13,163
    Foreign Tax 18,531 18,531   0