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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019
Name of foundation
RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
 
Number and street (or P.O. box number if mail is not delivered to street address)1501 FOURTH AVE SUITE 2880
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981011631
A Employer identification number

91-6060790
B Telephone number (see instructions)

(206) 462-8680
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$1,232,226J 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) 1,750
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 29,704 29,704 29,704
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 76,363
b Gross sales price for all assets on line 6a 1,157,381
7 Capital gain net income (from Part IV, line 2)... 76,363
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 107,817 106,067 29,704
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,000 0 0 5,000
14 Other employee salaries and wages...... 4,000 0 0 4,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 12,022 12,022 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,161 0 0 9,161
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,940 0 0 4,940
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 35,123 12,022 0 23,101
25 Contributions, gifts, grants paid....... 19,422 19,422
26 Total expenses and disbursements. Add lines 24 and 25 54,545 12,022 0 42,523
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 53,272
b Net investment income (if negative, enter -0-) 94,045
c Adjusted net income (if negative, enter -0-)... 29,704
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 2,034 3,566 3,566
2 Savings and temporary cash investments......... 97,566 63,950 63,950
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)....... 843,950 Click to see attachment816,447 859,513
c Investments—corporate bonds (attach schedule)....... 195,709 Click to see attachment308,568 305,197
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 bullet1,299
Less: accumulated depreciation (attach schedule) bullet1,299      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,139,259 1,192,531 1,232,226
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 1,226,187 1,226,187
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -86,928 -33,656
30 Total net assets or fund balances (see instructions)..... 1,139,259 1,192,531
31 Total liabilities and net assets/fund balances (see instructions). 1,139,259 1,192,531
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
1,139,259
2
Enter amount from Part I, line 27a .....................
2
53,272
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,192,531
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
1,192,531
Form 990-PF (2018)
Form 990-PF (2018)
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 98SHS ALLERGAN P 2016-04-05 2018-10-11
b 352SHS ISHARES CORE MSCI P 2017-01-23 2018-10-24
c 394SHS ISHARES EDGE MSCI P 2017-01-03 2018-10-24
d 295SHS ROBO GLOBAL P 2018-02-05 2018-10-24
e 217SHS SELECT SECTOR SPDR F P 2018-04-12 2018-10-25
665SHS ISHARES U.S. PREFERRED P 2018-08-28 2019-01-14
140SHS SPDR S&P BIOTECH P 2018-10-11 2019-01-14
64SHS MICROCHIP TECHNOLOGY P 2017-08-04 2019-01-24
0.00882SHS ALCON INC P 2018-08-28 2019-04-11
0.19SHS ALCON INC P 2017-05-18 2019-04-11
1.19118SHS ALCON INC P 2018-08-28 2019-04-15
25.80882SHS ALCON INC P 2017-05-18 2019-04-15
108SHS CHEVRON P 2016-01-15 2019-04-16
162SHS INTEL CORP P 2018-07-27 2019-04-16
251SHS ABBOTT LABORATORIES P 2016-12-30 2019-04-17
248SHS SPDR S&P RETAIL P 2018-11-02 2019-05-07
273SHS SPDR S&P RETAIL P 2018-11-19 2019-05-07
2SHS SPDR S&P RETAIL P 2018-11-19 2019-05-07
1215SHS ALERIAN P 2018-12-03 2019-05-08
48SHS ISHARES RUSSELL 2000 G P 2018-08-28 2019-05-08
71SHS ISHARES RUSSELL 2000 V P 2018-08-28 2019-05-08
21SHS MICROCHIP TECHNOLOGY P 2018-08-28 2019-05-08
102SHS MICROCHIP TECHNOLOGY P 2018-08-28 2019-05-08
58SHS MICROCHIP TECHNOLOGY P 2017-08-04 2019-05-08
6SHS NOVARTIS P 2018-08-28 2019-05-08
130SHS NOVARTIS P 2017-05-18 2019-05-08
165SHS FIRST TRUST NASDAQ P 2018-10-11 2019-05-13
159SHS FIRST TRUST NASDAQ P 2018-12-03 2019-05-13
148SHS INDUSTRIAL SELECT P 2018-05-22 2019-05-13
164SHS INDUSTRIAL SELECT P 2018-12-03 2019-05-13
287SHS ISHARES S&P 500 GROWTH P 2018-08-28 2019-05-13
538SHS ISHARES S&P 500 VALUE P 2018-08-28 2019-05-13
86SHS DEERE & CO P 2018-07-26 2019-05-14
84SHS DEERE & CO P 2018-11-02 2019-05-14
195SHS ISHARES RUSSELL 2000 V P 2018-08-28 2019-05-22
120SHS ISHARES RUSSELL 2000 G P 2018-08-28 2019-05-24
156SHS FIRST TRUST NASDAQ P 2018-04-18 2018-08-28
18SHS ISHARES NA TECH P 2017-09-07 2018-08-28
152SHS ROBO GLOBAL P 2017-11-28 2018-08-28
139SHS ROBO GLOBAL P 2018-02-05 2018-08-28
23SHS SELECT SECTOR SPDR F P 2017-12-04 2018-08-28
10SHS SELECT SECTOR SPDR H P 2017-09-07 2018-08-28
21SHS SELECT SECTOR SPDR CD P 2018-04-12 2018-08-28
304SHS VANGUARD ST P 2018-02-09 2018-08-28
24SHS ALPHABET INC P 2014-05-15 2018-08-28
129SHS FIRST TRUST DOW JONES P 2017-01-23 2018-08-28
343SHS GLOBAL X P 2017-05-17 2018-08-28
354SHS ISHARES CORE S&P P 2016-11-18 2018-08-28
434SHS ISHARES RUSSELL P 2016-11-18 2018-08-28
2150SHS INVESCO EXCHANGE P 2016-03-16 2018-08-28
2058SHS INVESCO EXCHANGE P 2017-01-04 2018-08-28
404SHS ISHARES TR ST P 2009-10-15 2018-08-28
145SHS MICROSOFT P 2016-04-25 2018-08-28
1095.048SHS PIMCO FDS P 2011-08-26 2018-08-28
958SHS SSGA ACTIVE P 2017-01-03 2018-08-28
42SHS SPDR S&P P 2016-11-29 2018-08-28
227SHS TJX COS P 2017-07-14 2018-08-28
232SHS VERIZON P 2014-05-23 2018-08-28
467SHS WISDOMTREE JAPAN P 2017-01-23 2018-08-28
25000SHS KINDER MORGAN ENER PART P 2012-03-26 2018-08-28
25000SHS WYNDHAM WORLDWIDE P 2014-09-09 2018-08-28
210SHS ALASKA AIR P 2016-08-02 2018-11-30
301SHS MONDELEZ INTL P 2017-11-06 2018-11-27
164SHS NOVARTIS P 2017-05-18 2018-11-08
234SHS TJX COS P 2017-07-14 2018-11-21
738SHS GLOBAL X P 2018-03-15 2018-12-03
125SHS ISHARES CORE <SCI P 2018-08-28 2018-12-19
175SHS INDUSTRIAL SELECT P 2018-05-22 2018-12-21
1792SHS GLOBAL X P 2017-05-17 2018-12-03
280SHS ISHARES CORE <SCI P 2017-01-23 2018-12-19
(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 18,032   22,944 -4,912
b 20,398   19,457 941
c 21,410   19,305 2,105
d 10,514   12,509 -1,995
e 22,576   22,068 508
23,507   25,140 -1,633
11,356   11,989 -633
5,056   5,275 -219
      0
11   9 2
66   61 5
1,421   1,260 161
13,044   8,924 4,120
14,784   12,447 2,337
18,561   9,670 8,891
11,041   12,037 -996
12,154   12,432 -278
89   92 -3
11,992   11,931 61
9,688   10,467 -779
8,808   9,706 -898
1,971   1,837 134
9,575   8,037 1,538
5,445   4,780 665
491   441 50
10,644   9,124 1,520
13,571   12,049 1,522
13,077   12,020 1,057
11,018   11,197 -179
12,209   12,183 26
49,388   50,287 -899
60,475   62,759 -2,284
12,663   12,333 330
12,369   11,999 370
23,329   26,657 -3,328
23,170   26,166 -2,996
12,697   12,223 474
3,610   2,656 954
6,462   6,467 -5
5,909   5,894 15
658   645 13
922   821 101
2,434   2,136 298
23,813   23,954 -141
29,955   12,704 17,251
18,721   10,907 7,814
3,407   3,690 -283
72,325   56,831 15,494
74,638   56,826 17,812
44,667   44,805 -138
42,594   43,002 -408
20,983   20,983 0
15,984   7,533 8,451
11,618   12,363 -745
45,479   46,374 -895
2,656   2,162 494
24,423   15,863 8,560
12,658   11,494 1,164
25,741   23,260 2,481
25,624   32,097 -6,473
25,527   26,192 -665
15,205   13,613 1,592
13,389   12,181 1,208
14,634   13,112 1,522
10,820   8,176 2,644
6,480   6,425 55
6,983   8,043 -1,060
11,087   13,240 -2,153
15,733   19,277 -3,544
15,642   15,477 165
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       -4,912
b       941
c       2,105
d       -1,995
e       508
      -1,633
      -633
      -219
      0
      2
      5
      161
      4,120
      2,337
      8,891
      -996
      -278
      -3
      61
      -779
      -898
      134
      1,538
      665
      50
      1,520
      1,522
      1,057
      -179
      26
      -899
      -2,284
      330
      370
      -3,328
      -2,996
      474
      954
      -5
      15
      13
      101
      298
      -141
      17,251
      7,814
      -283
      15,494
      17,812
      -138
      -408
      0
      8,451
      -745
      -895
      494
      8,560
      1,164
      2,481
      -6,473
      -665
      1,592
      1,208
      1,522
      2,644
      55
      -1,060
      -2,153
      -3,544
      165
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 76,363
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 -10,412
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))
2017      
2016      
2015      
2014      
2013      
2
Total of line 1, column (d) .....................
2
 
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
 
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4,.............
8
 
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter: 1987-05-12(attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 N/A
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  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
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 2019 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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    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 (2018)
    Form 990-PF (2018)
    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 addressbulletHTTP://WWW.DELTAKAPPAGAMMA.ORG/WA/RACHEL.HTML
    14
    The books are in care ofbulletCAROL LINSCOTT Telephone no.bullet (206) 462-8680

    Located atbullet2508 19TH SSEATTLEWA ZIP+4bullet98144
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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
     
     
    ........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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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).
    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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    GENEAL PALMER CHAIRMAN
    4.00     		0 0 0
    38811 MERIDIAN E
    EATONVILLE,WA98328
    MARCIA KAY PERKINS TRUSTEE
    4.00     		0 0 0
    1720 EAST HAWTHORNE AVENUE
    COLVILLE,WA99114
    LISA ANN VAUGHN TRUSTEE
    4.00     		0 0 0
    PO BOX 627
    WILBUR,WA99185
    SHARON N WHITE TRUSTEE
    4.00     		0 0 0
    160 RIDGECREST DR
    TOLEDO,WA98591
    DR CLAIRE W SMITH TRUSTEE
    4.00     		0 0 0
    4002 NE 140TH AVE
    VANCOUVER,WA98682
    CAROL LINSCOTT TREASURER AND ADMIN ASST
    10.00     		5,000 0 0
    2508 19TH AVE S
    SEATTLE,WA98144
    SHERRI WAGEMANN STATE PRESIDENT
    4.00     		0 0 0
    10005 EAST AUGUSTA AVENUE
    SPOKANE,WA99206
    CONNIE JAY STATE SCHOLARSHIP CHAIRMAN
    4.00     		0 0 0
    1720 E 38TH STREET
    SPOKANE,WA99203
    PATRICIA RUSSELL STATE TREASURER
    4.00     		0 0 0
    21038 102ND AVE SE
    KENT,WA98031
    EVA MEHAFFEY COORDINATOR
    4.00     		0 0 0
    18922 48TH AVENUE W
    LYNNWOOD,WA98036
    ANNAMARIE LAVIERI ADMINISTRATIVE ASST
    4.00     		4,000 0 0
    PO BOX 183
    KINGSTON,WA98183
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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 THE SCHOLARSHIP IS OPEN TO WOMEN EDUCATORS WORKING ON POST BACCALAUREATE STUDIES IN THE FIELD OF EDUCATION AT A NATIONALLY OR REGIONALLY ACCREDITED COLLEGE OR UNIVERSITY, WHO ARE BONA FIDE RESIDENTS OF WASHINGTON STATE. SUCCESSFUL APPLICANTS WILL SHOW EVIDENCE OF SCHOLARSHIP, PROFESSIONAL SERVICE, POTENTIAL FOR FUTURE SERVICE IN EDUCATION AND PROMISE OF DISTINCTION. 32,801
    2 IN ORDER TO ACHIEVE ITS CORPORATE PURPOSE, THE FOUNDATION OPERATES A SCHOLARSHIP PROGRAM. AS ANOTHER ELEMENT OF ADVANCING ITS CORPORATE PURPOSE, THE FOUNDATION ALSO OPERATES CERTAIN PROGRAMS WHICH ARE NATURAL CONCOMITANTS OF THE GRANTING OF SCHOLARSHIPS. THESE PROGRAMS ARE IN THE RESOURCE COLLECTION AND THE SEMINAR PROGRAM. THESE PROGRAMS ARE NECESSARY OR CONVENIENT TO EFFECT THE BASIC PURPOSE OF THE FOUNDATION, AND SERVE MANY SUPPORTIVE FUNCTIONS. 3,059
    3 OTHER QUALIFIED DISTRIBUTIONS 3,165
    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 (2018)
    Form 990-PF (2018)
    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
    1,113,851
    b
    Average of monthly cash balances.......................
    1b
    101,254
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,215,105
    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
    1,215,105
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,227
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,196,878
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    59,844
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    42,523
    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
    42,523
    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
    42,523
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, enter the date of the ruling....... bullet
    1973-10-20
    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) 2018 (b) 2017 (c) 2016 (d) 2015
    29,704 31,105 47,406 32,861 141,076
    b 85% of line 2a ......... 25,248 26,439 40,295 27,932 119,915
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		42,523 45,240 43,816 48,324 179,903
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		42,523 45,240 43,816 48,324 179,903
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		39,896 40,077 38,478 37,635 156,086
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation 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 e-mail address of the person to whom applications should be addressed:
    ANNAMARIE LAVIERI
    PO BOX 183
    KINGSTON,WA98183
    (206) 462-8680
    RROYSTONTREASURER@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    THE APPLICATION IS AN 100% ONLINE PROCESS WHICH IS AVAILABLE FROM THE FOUNDATION'S WEBSITE. OTHER REQUIRED MATERIALS INCLUDE:1)A CURRENT RESUME WHICH INCLUDES EDUCATION AND CURRENT JOB 2)THE PROPOSED COURSE OF STUDY WITH THE STATUS IN THE PROGRAM 3)A 200-300 WORD ESSAY WHICH INCLUDES 3A)YOUR CURRENT WORK WITH STUDENTS AND PLANS FOR PROFESSIONAL GROWTH, AND 3B)IDENTIFIES A MAJOR ISSUE IN EDUCATION AND STATES HOW IT CAN BE RESOLVED 4)A REFERENCE 5)FINANCES
    cAny submission deadlines:
    APPLICATIONS MUST BE POSTMARKED BY DECEMBER 1,2018 FOR THE 2019-2020 YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE APPLICANTS SHOULD BE WOMEN EDUCATORS WORKING ON POST BACCALAURETA STUDIES IN THE FIELD OF EDUCATION AT A NATIONALLY OR REGIONAL ACCREDITED COLLEGE OR UNIVERSITY,WHO ARE BONA FIDE RESIDENTS OF WASHINGTON STATE
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    ERIN MURPHY
    3083 NE LINCOLN ROAD
    POULSBO,WA98370     		NO RELATION N/A EDD EDUCATIONAL LEADERSHIP 4,740
    AMITY BUTLER
    222 EDIZ VIEW
    PORT ANGELES,WA98362     		NO RELATION N/A EDD EDUCATIONAL LEADERSHIP 4,740
    JESSICA TUFTS
    PO BOX 113
    ELECTRIC CITY,WA99123     		NO RELATION N/A MA MATHEMATICS EDUCATION 5,202
    KRISTIN RIBELIN
    130 WITHERBEE RD
    KELSO,WA98626     		NO RELATION N/A M.ED EDUCATIONAL LEADERSHIP 4,740
    Total .................................bullet 3a 19,422
    bApproved for future payment
    LESLI COLLUM
    PO BOX 992
    AMBOY,WA98601     		NO RELATION N/A ED M AND ADMIN CREDENTIALS 5,000
    AMY MCLAUGHLIN
    1202 S IRVING PLACE
    KENNEWICK,WA99338     		NO RELATION N/A SUPT CRED & DOCTORAL PROGRAMS 5,000
    TAVIA QUAID
    3514 NE 111TH CIRCLE
    VANCOUVER,WA98686     		NO RELATION N/A ED DEDDEDDEDD 5,000
    ERIN MURPHY
    3083 NE LINCOLN ROAD
    POULSBO,WA98370     		NO RELATION N/A EDD EDUCATIONAL LEADERSHIP 5,000
    Total .................................bullet 3b 20,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 29,704  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 76,363  
    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).. 0 106,067 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    106,067
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN:
    91-6060790
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GUGGENHEIM FDS 75,717 73,577
    FIDELITY FUNDS PRIME RESERVES 157,423 157,423
    JP MORGAN 50,201 49,790
    LORD ABBETT 25,227 24,407

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN:
    91-6060790
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALASKA AIR GROUP INC 10,978 10,610
    ALERIAN MLP 12,186 12,224
    ENERGY SELECT SECTOR SPDR 23,948 21,789
    ISHARES NORTH AMERICAN SFTW 9,295 13,763
    ISHARES RUSSELL 2000 GROWTH 13,737 12,655
    ISHARES RUSSELL 2000 VALUE 13,944 12,291
    ISHARES CORE MSCI 26,637 25,420
    ISHARES EDGE MSCI 32,965 38,553
    ISHARES JP MORGAN 26,716 26,510
    ISHARES MBS 37,664 38,951
    ISHARES S&P MIDCAP 400 VALUE 37,716 35,402
    ISHARES S&P MIDCAP 400 GROWTH 25,248 24,211
    ISHARES S&P 500 GROWTH 23,825 24,556
    ISHARES S&P 500 VALUE 24,212 24,946
    ISHARES TIP BOND 96,192 97,820
    MICROCHIP TECHNOLOGY 20,058 22,715
    MICROSOFT CORP 23,852 45,546
    NOKIA CORP 24,492 22,420
    NVIDIA CORP 11,876 12,481
    SPDR S&P REGNL BNKG 20,436 21,212
    SPDR TR FINANCIAL 24,244 24,233
    SPDR HEALTHCARE 11,171 12,599
    SPDR BLOOMBERG BARCLAYS 24,695 26,512
    SPDR PORTFOLIO SHORT 37,672 38,352
    SPDR S&P BIOTECH 24,360 25,085
    VANGUARD INDEX FDS 23,998 24,297
    VANGUARD INTERMEDIA 143,426 148,432
    VULCAN MATERIALS 10,904 15,928

    TY 2018 OtherExpensesSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN:
    91-6060790
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 1,782 0 0 1,782
    INSURANCE 1,382 0 0 1,382
    COLLECTION 1,106 0 0 1,106
    SCHOLARSHIP BULLETIN EXPENSE 66 0 0 66
    MISCELLANEOUS EXPENSE 604 0 0 604


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    RACHEL ROYSTON PERMANENT SCHOLARSHIP FDN
    EIN:
    91-6060790
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR 12,022 12,022 0 0