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.
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 01-01-2018 , and ending 12-31-2018
Name of foundation
THE BULLITT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1501 EAST MADISON STREET NO 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981224013
A Employer identification number

91-6027795
B Telephone number (see instructions)

(206) 343-0807
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$86,149,756J 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) 6,246,115
2 Check bullet.............
3 Interest on savings and temporary cash investments 915,556 915,556  
4 Dividends and interest from securities... 673,832 673,832  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,710,251
b Gross sales price for all assets on line 6a 27,082,632
7 Capital gain net income (from Part IV, line 2)... 5,674,616
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,660,185 -1,332 0
12 Total. Add lines 1 through 11........ 19,205,939 7,262,672 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 534,365 374,065 0 160,301
14 Other employee salaries and wages...... 523,705 15,231 0 508,475
15 Pension plans, employee benefits....... 303,216 111,562 0 191,654
16a Legal fees (attach schedule)......... Click to see attachment 1,033 380 0 653
b Accounting fees (attach schedule)....... Click to see attachment 61,552 15,751 0 38,905
c Other professional fees (attach schedule).... Click to see attachment 504,542 372,084 0 131,889
17 Interest............... 477,299 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 185,788 33,293 0 9,260
19 Depreciation (attach schedule) and depletion... Click to see attachment 37,177 13,682 0
20 Occupancy.............. 95,096 34,989 0 60,107
21 Travel, conferences, and meetings....... 75,041 27,610 0 47,431
22 Printing and publications.......... 2,307 849 0 1,458
23 Other expenses (attach schedule)....... Click to see attachment 6,444,817 47,124 0 80,955
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,245,938 1,046,620 0 1,231,088
25 Contributions, gifts, grants paid....... 5,080,417 4,990,417
26 Total expenses and disbursements. Add lines 24 and 25 14,326,355 1,046,620 0 6,221,505
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,879,584
b Net investment income (if negative, enter -0-) 6,216,052
c Adjusted net income (if negative, enter -0-)... 0
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 Savings and temporary cash investments......... 1,493,094 875,952 875,952
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.......... 3,393 1,366 1,366
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 77,847,438 Click to see attachment66,531,454 66,531,454
14 Land, buildings, and equipment: basis bullet283,321
Less: accumulated depreciation (attach schedule) bullet224,373 96,132 Click to see attachment58,948 58,948
15 Other assets (describe bullet) Click to see attachment13,772,784 Click to see attachment18,682,036 Click to see attachment18,682,036
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 93,212,841 86,149,756 86,149,756
Liabilities 17 Accounts payable and accrued expenses.......... 73,294 78,846
18 Grants payable................. 1,150,000 340,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 10,700,000 Click to see attachment10,700,000
22 Other liabilities (describe bullet) Click to see attachment69,109 Click to see attachment196,950
23 Total liabilities (add lines 17 through 22)......... 11,992,403 11,315,796
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.................. 81,220,438 74,833,960
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........    
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)..... 81,220,438 74,833,960
31 Total liabilities and net assets/fund balances (see instructions). 93,212,841 86,149,756
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
81,220,438
2
Enter amount from Part I, line 27a .....................
2
4,879,584
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
86,100,022
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,266,062
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
74,833,960
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 CAPITAL GAIN DISTRIBUTIONS P   2018-12-31
b UBTI FROM METROPOLITAN REAL ESTATE PARTNERS P   2018-12-31
c CAPITAL GAIN REPORTED ON 990-T P   2018-12-31
d SEALTH PUBLICLY TRADED SECURITIES     2018-12-31
e BOSTON COMMON PUBLICLY TRADED SECURITIES     2018-12-31
BLAIR PLEDGED PUBLICLY TRADED SECURITIES     2018-12-31
DISPOSITION OF LEGACY VENTURES II INVESTMENT P   2018-12-31
PASS THRU FROM GENERATION IM GLOBAL EQUITY FUND, LLC P   2018-12-31
PASS THRU FROM METROPOLITAN REAL ESTATE PARTNERS P   2018-12-31
PASS THRU FROM LEGACY IV P   2018-12-31
PASS THRU FROM LEGACY VENTURE II P   2018-12-31
PASS THRU FROM ACL ALTERNATIVE FUND P   2018-12-31
PARAMETRIC PUBLICLY TRADED SECURITIES     2018-12-31
US BANK P   2018-12-31
(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 571,358     571,358
b 35,635   35,635 0
c     35,635 -35,635
d 2,718,357   2,709,308 9,049
e 3,437,014   2,536,132 900,882
4,601,625   4,811,372 -209,747
202     202
1,412,484     1,412,484
185,769     185,769
75,762     75,762
    6,974 -6,974
    89,799 -89,799
14,044,411   11,183,161 2,861,250
15     15
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       571,358
b       0
c       -35,635
d       9,049
e       900,882
      -209,747
      202
      1,412,484
      185,769
      75,762
      -6,974
      -89,799
      2,861,250
      15
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 5,674,616
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 0
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 6,693,416 76,031,892 0.088034
2016 7,080,498 75,052,872 0.094340
2015 7,336,899 81,165,934 0.090394
2014 9,450,316 86,303,838 0.109501
2013 10,422,440 84,913,835 0.122741
2
Total of line 1, column (d) .....................
2
0.505010
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
0.101002
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
74,454,309
5
Multiply line 4 by line 3......................
5
7,520,034
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
62,161
7
Add lines 5 and 6........................
7
7,582,195
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,221,505
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:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 124,321
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........................... 3 124,321
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- ..... 5 124,321
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 111,340
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 35,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 146,340
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 22,019
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet22,019 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
     
    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 (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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.BULLITT.ORG
    14
    The books are in care ofbulletSALLEY ANDERSON Telephone no.bullet (206) 343-0807

    Located atbullet1501 EAST MADISON STREETSEATTLEWA ZIP+4bullet98122
    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
     
    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 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
    DENIS HAYES PRESIDENT & CEO
    70.00     		356,214 57,503 3,592
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    SALLEY ANDERSON CFO & TREASURER
    50.00     		178,151 35,540 910
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    RODNEY BROWN CHAIR
    2.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    MAUD DAUDON TRUSTEE
    2.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    HARRIET BULLITT TRUSTEE
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    MARTHA KONGSGAARD TRUSTEE
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    ERIM GOMEZ TRUSTEE
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    WILLIAM RUCKELSHAUS TRUSTEE
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    MICHAEL ALLEN SECRETARY
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    FRANK GREER TRUSTEE
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    MARK EDLEN TRUSTEE
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    JESSIE WOOLLEY-WILSON TRUSTEE
    1.00     		0 0 0
    C/O THE BULLITT FOUNDATION 1501 E
    MADISON STREET 600
    SEATTLE,WA98122
    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
    STEVEN WHITNEY PROGRAM OFFICER
    50.00     		176,463 37,728 500
    1501 E MADISON 600
    SEATTLE,WA98122
    RASHAD MORRIS PROGRAM OFFICER
    45.00     		136,591 33,846 0
    1501 E MADISON 600
    SEATTLE,WA98122
    NEELIMA SHAH PROGRAM OFFICER
    45.00     		134,498 30,853 300
    1501 E MADISON 600
    SEATTLE,WA98122
    MARY MCNAIR GRANTS ADMINISTRATOR
    40.00     		76,153 22,350 1,089
    1501 E MADISON 600
    SEATTLE,WA98122
    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
    TRACY LOUISE STANTON PROJECT DIRECTOR 62,287
    1534 MADRONA DRIVE
    SEATTLE,WA98122
    LAIRD NORTON INVESTMENT MANAGEMENT 61,194
    801 2ND AVE STE 1700
    SEATTLE,WA98104
    GROUNDWORK STRATEGIES PR CONSULTANT 60,000
    6120 PHINNEY AVENUE NORTH
    SEATTLE,WA98103
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    58,539,834
    b
    Average of monthly cash balances.......................
    1b
    1,405,899
    c
    Fair market value of all other assets (see instructions)................
    1c
    15,642,398
    d
    Total (add lines 1a, b, and c).........................
    1d
    75,588,131
    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
    75,588,131
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,133,822
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    74,454,309
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,722,715
    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
    3,722,715
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    124,321
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    8,009
    c
    Add lines 2a and 2b............................
    2c
    132,330
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,590,385
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,590,385
    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
    3,590,385
    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
    6,221,505
    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
    6,221,505
    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
    6,221,505
    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 3,590,385
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 5,807,197
    b From 2014...... 3,641,732
    c From 2015...... 2,792,562
    d From 2016...... 2,700,845
    e From 2017...... 540,441
    fTotal of lines 3a through e........ 15,482,777
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,221,505
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 3,590,385
    e Remaining amount distributed out of corpus 2,631,120
    5 Excess distributions carryover applied to 2018. 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 18,113,897
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		5,807,197
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		12,306,700
    10 Analysis of line 9:
    a Excess from 2014.... 3,641,732
    b Excess from 2015.... 2,792,562
    c Excess from 2016.... 2,700,845
    d Excess from 2017.... 540,441
    e Excess from 2018.... 2,631,120
    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
     
    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
             
    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 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:
    THE BULLITT FOUNDATION
    1501 EAST MADISON STREET 600
    SEATTLE,WA98122
    (206) 343-0807
    bThe form in which applications should be submitted and information and materials they should include:
    SEE THE WEBSITE BULLITT.ORG/GRANTMAKING FOR THE GRANTMAKING PROCESS
    cAny submission deadlines:
    SUBMISSION DEADLINES ARE MAY 1 AND NOVEMBER 1.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GEOGRAPHICAL RESTRICTIONS - LIMITED TO THE PACIFIC NORTHWEST CHARITABLE FIELD RESTRICTIONS - LIMITED TO ENVIRONMENTAL GENERAL RESTRICTIONS - AWARDS WILL GENERALLY ONLY BE MADE TO 501(C)(3) ORGANIZATIONS
    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
    1000 FRIENDS OF OREGON
    133 SW SECOND AVENUE SUITE 201
    PORTLAND,OR97204     		N/A PC PROJECT SUPPORT 35,000
    350 SEATTLE
    1919 E PROSPECT ST
    SEATTLE,WA98112     		N/A PC GENERAL SUPPORT 50,000
    AMERICAN FARMLAND TRUST
    1150 CONNECTICUT AVE STE 600
    WASHINGTON,DC20036     		N/A PC PROJECT SUPPORT 30,000
    AMERICAN RIVERS
    PO BOX 1234
    BELLINGHAM,WA98227     		N/A PC PROJECT SUPPORT 35,000
    AUDUBON SOCIETY OF PORTLAND
    5151 NW CORNELL ROAD
    PORTLAND,OR97210     		N/A PC PROJECT SUPPORT 50,000
    BLUEGREEN ALLIANCE FOUNDATION
    BROADWAY PLACE WEST 1300 GODWARD
    STREET NE 2625
    MINNEAPOLIS,MN55413     		N/A PC PROJECT SUPPORT 40,000
    CAPITOL HILL HOUSING FOUNDATION
    1620 12TH AVE SUITE 205
    SEATTLE,WA90122     		N/A PC PROJECT SUPPORT 65,000
    CASCADE BICYCLE CLUB
    7787 62ND AVE NE
    SEATTLE,WA98115     		N/A PC PROJECT SUPPORT 45,000
    CASCADE PUBLIC MEDIACROSSCUT (KCTS 9)
    401 MERCER STREET
    SEATTLE,WA98109     		N/A PC PROJECT SUPPORT 40,000
    CENTER FOR SUSTAINABLE ECONOMY
    16869 SW 65TH AVENUE SUITE 493
    LAKE OSWEGO,OR970357865     		N/A PC PROJECT SUPPORT 40,000
    CITIZENS FOR A HEALTHY BAY
    535 DOCK ST SUITE 213 NEW LOCATION
    9/1
    TACOMA,WA98402     		N/A PC PROJECT SUPPORT 40,000
    CITIZENS UTILITY BOARD
    610 SW BROADWAY SUITE 400
    PORTLAND,OR97205     		N/A PC PROJECT SUPPORT 35,000
    CITY OF PORTLAND BUREAU OF PLANNING AND SUSTAINABILITY
    1900 SW 4TH AVENUE SUITE 7100
    PORTLAND,OR97201     		N/A GOVERNMENT AGENCY PROJECT SUPPORT 4,228
    CITY OF SEATTLE
    710 2ND AVE 10TH FL
    SEATTLE,WA981041742     		N/A GOVERNMENT AGENCY PROJECT SUPPORT 4,694
    CLARK FORK COALITION
    PO BOX 7593
    MISSOULA,MT59807     		N/A PC GENERAL SUPPORT 15,000
    CLIMATE DEFENSE PROJECT
    2150 ALLSTON WAY SUITE 280
    BERKELEY,CA94704     		N/A PC PROJECT SUPPORT 35,000
    CLIMATE SOLUTIONS
    1402 3RD AVENUE SUITE 1305
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 100,000
    COLUMBIA RIVERKEEPER
    111 THIRD STREET
    HOOD RIVER,OR97031     		N/A PC PROJECT SUPPORT 35,000
    CONSERVATION NORTHWEST
    1829 10TH AVE W SUITE B
    SEATTLE,WA98119     		N/A PC PROJECT SUPPORT 40,000
    CRAFT3
    42 7TH STREET SUITE 100
    ASTORIA,OR97103     		N/A PC PROJECT SUPPORT 30,000
    EARTH ADVANTAGE INSTITUTE
    808 SW 3RD AVE 800
    PORTLAND,OR97204     		N/A PC PROJECT SUPPORT 40,000
    EARTHCORPS
    6310 NE 74TH STREET 201E
    SEATTLE,WA98115     		N/A PC PROJECT SUPPORT 25,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		N/A PC PROJECT SUPPORT 70,000
    ECOTRUST
    721 NW NINTH AVENUE 200
    PORTLAND,OR97209     		N/A PC PROJECT SUPPORT 75,000
    ENVIRONMENT WASHINGTON RESEARCH AND POLICY CENTER
    1402 3RD AVE SUITE 618
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 35,000
    ENVIRONMENTAL PROTECTION NETWORK
    3100 ELLICOTT ST NW
    WASHINGTON,DC20008     		N/A PC PROJECT SUPPORT 20,000
    FACING HOMELESSNESS
    4001 9TH AVE NE
    SEATTLE,WA98105     		N/A PC PROJECT SUPPORT 35,000
    FEET FIRST
    314 1ST AVENUE S
    SEATTLE,WA98104     		N/A PC PROJECT SUPPORT 10,000
    FOOD FIRST-INSTITUTE FOR FOOD AND DEVELOPMENT POLICY
    398 60TH STREET
    OAKLAND,CA94618     		N/A PC PROJECT SUPPORT 30,000
    FORTH MOBILITY FUND
    1450 NW 18TH AVE
    PORTLAND,OR97209     		N/A PC PROJECT SUPPORT 50,000
    FRIENDS OF CLARK COUNTY
    PO BOX 156
    RIDGEFIELD,WA986420156     		N/A PC PROJECT SUPPORT 20,000
    FRIENDS OF THE SAN JUANS
    PO BOX 1344
    FRIDAY HARBOR,WA982501344     		N/A PC PROJECT SUPPORT 30,000
    FUTUREWISE
    816 SECOND AVENUE 200
    SEATTLE,WA981041535     		N/A PC PROJECT SUPPORT 100,000
    GREEN LENTS
    12707 NE HALSEY ST
    PORTLAND,OR97230     		N/A PC PROJECT SUPPORT 25,000
    GRIST
    1201 WESTERN AVE SUITE 410
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 5,000
    GROW
    PO BOX 19748
    SEATTLE,WA98109     		N/A PC PROJECT SUPPORT 50,000
    INSTITUTE FOR SUSTAINABLE COMMUNITIES
    535 STONE CUTTERS WAY
    MONTPELIER,VT05602     		N/A PC PROJECT SUPPORT 40,000
    INTERNATIONAL LIVING FUTURE INSTITUTE
    2420 NE SANDY BLVD SUITE 201
    PORTLAND,OR97232     		N/A PC GENERAL SUPPORT 33,750
    INVESTIGATEWEST
    PO BOX 9574
    SEATTLE,WA98109     		N/A PC PROJECT SUPPORT 40,000
    KUOW
    4518 UNIVERSITY WAY NE SUITE 310
    SEATTLE,WA981054535     		N/A PC PROJECT SUPPORT 50,000
    MOUNTAINS TO SOUND GREENWAY TRUST
    2701 FIRST AVE SUITE 240
    SEATTLE,WA98121     		N/A PC GENERAL SUPPORT 40,000
    NA'AH ILLAHEE FUND
    6512 23RD AVE NW SUITE 324
    SEATTLE,WA98117     		N/A PC PROJECT SUPPORT 30,000
    NATIONAL FISHERIES CONSERVATION CENTER
    PO BOX 30615
    SEATTLE,WA98103     		N/A PC PROJECT SUPPORT 40,000
    NEIGHBORS FOR CLEAN AIR
    PO BOX 10544
    PORTLAND,OR97296     		N/A PC PROJECT SUPPORT 35,000
    NEW BUILDINGS INSTITUTE
    1601 BROADWAY
    VANCOUVER,WA98663     		N/A PC PROJECT SUPPORT 35,000
    NORTHWEST CENTER FOR ALTERNATIVES TO PESTICIDES
    PO BOX 1393
    EUGENE,OR974401393     		N/A PC PROJECT SUPPORT 35,000
    NORTHWEST ECOBUILDING GUILD
    120 STATE AVENUE NE 563
    OLYMPIA,WA98124     		N/A PC PROJECT SUPPORT 45,000
    OREGON ENVIRONMENTAL COUNCIL
    222 NW DAVIS STREET SUITE 309
    PORTLAND,OR972093900     		N/A PC GENERAL SUPPORT 175,000
    PORTLAND STATE UNIVERSITY FOUNDATION
    PO BOX 243
    PORTLAND,OR972070243     		N/A PC PROJECT SUPPORT 75,000
    PUGET SOUNDKEEPER ALLIANCE
    130 NICKERSON STREET SUITE 107
    SEATTLE,WA98109     		N/A PC GENERAL SUPPORT 35,000
    RENEWABLE NORTHWEST
    421 SW 6TH AVENUE SUITE 975
    PORTLAND,OR972041625     		N/A PC PROJECT SUPPORT 85,000
    RESOURCE MEDIA
    155 SANSOME STREET SUITE 580
    SAN FRANCISCO,CA94104     		N/A PC PROJECT SUPPORT 70,000
    RIVER NETWORK
    PO BOX 21387
    BOULDER,CO80308     		N/A PC GENERAL SUPPORT 45,000
    SEATTLE 2030 DISTRICT
    220 2ND AVENUE S SUITE 307
    SEATTLE,WA98104     		N/A PC PROJECT SUPPORT 60,000
    SEATTLE AUDUBON SOCIETY
    8050 35TH AVENUE NE
    SEATTLE,WA98115     		N/A PC PROJECT SUPPORT 40,000
    SEATTLE FOUNDATION
    1601 FIFTH AVENUE SUITE 1900
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 50,000
    SEATTLE PARKS FOUNDATION
    105 S MAIN ST 235
    SEATTLE,WA98104     		N/A PC PROJECT SUPPORT 40,000
    SEATTLE UNIVERSITY
    BROADWAY AND MADISON 900 BROADWAY
    SEATTLE,WA981224340     		N/A PC PROJECT SUPPORT 15,000
    SELF ENHANCEMENT INC
    3920 N KERBY AVE
    PORTLAND,OR97227     		N/A PC PROJECT SUPPORT 30,000
    SIERRA CLUB FOUNDATION
    2101 WEBSTER ST SUITE 1250
    OAKLAND,CA94612     		N/A PC PROJECT SUPPORT 50,000
    SIGHTLINE INSTITUTE
    1402 THIRD AVENUE 500
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 95,000
    SPARK NORTHWEST
    1402 THIRD AVENUE SUITE 901
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 60,000
    STEWARDSHIP PARTNERS
    815 WESTERN AVE SUITE 420
    SEATTLE,WA98104     		N/A PC PROJECT SUPPORT 25,000
    THE COMMON ACRE
    317 18TH AVE E 4
    SEATTLE,WA98112     		N/A PC PROJECT SUPPORT 35,000
    THE INTERTWINE ALLIANCE FOUNDATION
    2100 SW RIVER PARKWAY SUITE 450
    PORTLAND,OR97201     		N/A PC PROJECT SUPPORT 48,500
    THE NATURE CONSERVANCY OF WASHINGTON
    74 WALL STREET
    SEATTLE,WA98121     		N/A PC PROJECT SUPPORT 50,000
    THE SEATTLE FOUNDATION (EMERALD CITIES SEATTLE)
    1601 5TH AVE 1900
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 30,000
    THE TRUST FOR PUBLIC LAND
    901 5TH AVE STE 1520
    SEATTLE,WA98164     		N/A PC PROJECT SUPPORT 50,000
    THE WILDERNESS SOCIETY
    1615 M STREET NW
    WASHINGTON,DC20036     		N/A PC PROJECT SUPPORT 40,000
    TIDES FOUNDATION
    PO BOX 29903 THE PRESIDIO
    SAN FRANCISCO,CA941290903     		N/A PC PROJECT SUPPORT 45,000
    TINY TREES PRESCHOOL
    220 2ND AVE S 229
    SEATTLE,WA98104     		N/A PC PROJECT SUPPORT 50,000
    TOXIC-FREE FUTURE
    4649 SUNNYSIDE AVENUE N SUITE 540
    SEATTLE,WA98103     		N/A PC PROJECT SUPPORT 75,000
    TROUT UNLIMITED INC
    1777 NORTH KENT STREET SUITE 100
    ARLINGTON,VA22209     		N/A PC PROJECT SUPPORT 25,000
    UNIVERSITY OF OREGON FOUNDATION
    1720 W 13TH AVE SUITE 410
    EUGENE,OR974032253     		N/A PC PROJECT SUPPORT 50,000
    UNIVERSITY OF WASHINGTON
    PO BOX 353055
    SEATTLE,WA981953055     		N/A PC PROJECT SUPPORT 3,375
    UNIVERSITY OF WASHINGTON FOUNDATION
    407 GERBERDING HALL BOX 351210
    SEATTLE,WA981951210     		N/A PC PROJECT SUPPORT 287,048
    URBAN FOREST CARBON REGISTRY DBA CITY FOREST CREDITS
    999 THIRD AVE SUITE 4600
    SEATTLE,WA98104     		N/A PC PROJECT SUPPORT 50,000
    URBAN GREENSPACES INSTITUTE
    PO BOX 6903
    PORTLAND,OR972286903     		N/A PC PROJECT SUPPORT 50,000
    VASHON ISLAND GROWERS ASSOCIATION
    PO BOX 2894
    VASHON,WA98070     		N/A PC PROJECT SUPPORT 15,000
    VERDE
    6899 NE COLUMBIA BLVD SUITE A
    PORTLAND,OR97218     		N/A PC PROJECT SUPPORT 105,000
    WASHINGTON ASSOCIATION OF LAND TRUSTS
    PO BOX 2001
    SEATTLE,WA98111     		N/A PC PROJECT SUPPORT 14,000
    WASHINGTON COMMUNITY ACTION NETWORK EDUCATION AND RESEARCH FUND
    1806 E YESLER WAY
    SEATTLE,WA98122     		N/A PC PROJECT SUPPORT 50,000
    WASHINGTON ENVIRONMENTAL COUNCIL
    1402 THIRD AVENUE 1400
    SEATTLE,WA98101     		N/A PC GENERAL SUPPORT 370,000
    WASHINGTON GREEN SCHOOLS
    4649 SUNNYSIDE AVENUE N
    SEATTLE,WA98103     		N/A PC PROJECT SUPPORT 40,000
    WASHINGTON WATER TRUST
    1530 WESTLAKE AVENUE N SUITE 400
    SEATTLE,WA98109     		N/A PC PROJECT SUPPORT 45,000
    WASHINGTON WOMEN CAN
    1402 3RD AVENUE SUITE 1305
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 20,000
    WATERWATCH OF OREGON
    213 SW ASH STREET 208
    PORTLAND,OR97204     		N/A PC PROJECT SUPPORT 35,000
    WESTERN ENVIRONMENTAL LAW CENTER
    120 SHELTON MCMURPHEY BLVD SUITE
    340
    EUGENE,OR97401     		N/A PC PROJECT SUPPORT 30,000
    WESTERN RIVERS CONSERVANCY
    71 SW OAK STREET 100
    PORTLAND,OR97204     		N/A PC PROJECT SUPPORT 35,000
    WESTERN WASHINGTON UNIVERSITY FOUNDATION
    516 HIGH STREET - MAIL STOP 9034
    BELLINGHAM,WA98225     		N/A PC PROJECT SUPPORT 50,000
    WINWIN NETWORK
    1402 THIRD AVENUE SUITE 201
    SEATTLE,WA98101     		N/A PC PROJECT SUPPORT 103,250
    XERCES SOCIETY
    628 NE BROADWAY SUITE 200
    PORTLAND,OR97232     		N/A PC PROJECT SUPPORT 25,000
    ZERO WASTE WASHINGTON
    816 2ND AVE SUITE 200
    SEATTLE,WA98104     		N/A PC PROJECT SUPPORT 35,000
    350 SEATTLE
    1919 E PROSPECT ST
    SEATTLE,WA98112     		N/A PC GENERAL SUPPORT 158
    ACLF
    1414 S WELLER ST
    SEATTLE,WA98144     		N/A PC GENERAL SUPPORT 375
    ALZHEIMERS ASSOCIATION
    225 N MICHIGAN AVE FLOOR 17
    CHICAGO,IL60601     		N/A PC GENERAL SUPPORT 300
    ANIMAL DEFENSE LEGAL FUND
    525 EAST COTATI AVE
    COTATI,CA94931     		N/A PC GENERAL SUPPORT 375
    CHIEF SEATTLE CLUB
    410 2ND AVE EXT S
    SEATTLE,WA98104     		N/A PC GENERAL SUPPORT 3,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		N/A PC GENERAL SUPPORT 450
    ECOTRUST
    721 NW NINTH AVENUE 200
    PORTLAND,OR97209     		N/A PC GENERAL SUPPORT 5,000
    EL MORRO AREA ARTS COUNCIL
    PO BOX 296
    RAMAH,NM87321     		N/A PC GENERAL SUPPORT 300
    FIDELITY CHARITABLE GIFT FUND
    PO BOX 770001
    CINCINNATI,OH452770053     		N/A PC GENERAL SUPPORT 5,000
    FORTERRA
    901 FIFTH AVE SUITE 2200
    SEATTLE,WA98164     		N/A PC GENERAL SUPPORT 120
    GAY CITY
    517 E PIKE ST
    SEATTLE,WA98122     		N/A PC GENERAL SUPPORT 150
    HANFORD CHALLENGE
    2719 E MADISON ST SUITE 304
    SEATTLE,WA98112     		N/A PC GENERAL SUPPORT 2,000
    HIGHER HEIGHTS LEADERSHIP FUND
    147 PRINCE ST SUITE 34
    BROOKLYN,NY11201     		N/A PC GENERAL SUPPORT 105
    ICICLE CENTER FOR THE ARTS
    7409 ICICLE RD
    LEAVENWORTH,WA98826     		N/A PC GENERAL SUPPORT 5,000
    KIND INC
    1201 L ST NW FLOOR 2
    WASHINGTON,DC20005     		N/A PC GENERAL SUPPORT 300
    KING FM
    10 HARRISON ST SUITE 100
    SEATTLE,WA98109     		N/A PC GENERAL SUPPORT 150
    KUOW
    4518 UNIVERSITY WAY NE SUITE 310
    SEATTLE,WA981054535     		N/A PC GENERAL SUPPORT 105
    LATINO COMMUNITY FUND OF WASHINGTON STATE
    220 SECOND AVE S 103
    SEATTLE,WA98104     		N/A PC GENERAL SUPPORT 750
    LEUKEMIA & LYMPHOMA SOCIETY
    3 INTERNATIONAL DRIVE SUITE 200
    RYE BROOK,NY10573     		N/A PC GENERAL SUPPORT 150
    LOYOLA HIGH SCHOOL OF LOS ANGELES
    1901 VENICE BLVD
    LOS ANGELES,CA90006     		N/A PC GENERAL SUPPORT 750
    NATIVE PLANT SOCIETY OF NEW MEXICO
    PO BOX 35388
    ALBUQUERQUE,NM871765388     		N/A PC GENERAL SUPPORT 90
    NATURE CONSERVANCY
    74 WALL STREET
    SEATTLE,WA98121     		N/A PC GENERAL SUPPORT 5,000
    NORTHWEST IMMIGRANT RIGHTS PROJECT
    615 2ND AVE SUITE 400
    SEATTLE,WA98104     		N/A PC GENERAL SUPPORT 225
    OCEANS INITIATIVE
    2235 FAIRVIEW AVE E
    SEATTLE,WA98102     		N/A PC GENERAL SUPPORT 5,000
    OH BE DOGFUL RESCUE
    336 BUCKLEY DR
    CRESTED BUTTE,CO81224     		N/A PC GENERAL SUPPORT 375
    OLD DOG HAVEN
    PO BOX 1409
    OAK HARBOR,WA982771409     		N/A PC GENERAL SUPPORT 150
    OREGON STEWARDSHIP
    4015 S STAGE RD
    MEDFORD,OR97501     		N/A PC GENERAL SUPPORT 900
    OSO VISTA RANCH PROJECT
    PO BOX 430
    PINEHILL,NM87357     		N/A PC GENERAL SUPPORT 1,500
    PANCREATIC CANCER ACTION NETWORK
    1500 ROSECRANS AVE SUITE 200
    MANHATTAN BEACH,CA90266     		N/A PC GENERAL SUPPORT 225
    PATH WITH ART
    312 2ND AVE S
    SEATTLE,WA98104     		N/A PC GENERAL SUPPORT 225
    PAWS
    PO BOX 1037
    LYNNWOOD,WA98046     		N/A PC GENERAL SUPPORT 150
    SANTA FE ANIMAL SHELTER
    100 CAJA DEL RIO RD
    SANTA FE,NM87507     		N/A PC GENERAL SUPPORT 150
    SEATTLE AUDUBON SOCIETY
    8050 35TH AVE NE
    SEATTLE,WA98115     		N/A PC GENERAL SUPPORT 750
    SEATTLE GIRLS' SCHOOL
    2706 S JACKSON ST
    SEATTLE,WA98144     		N/A PC GENERAL SUPPORT 750
    SEATTLE HUMANE
    13212 SE EASTGATE WAY
    BELLEVUE,WA98005     		N/A PC GENERAL SUPPORT 150
    SHEPHERD'S CENTER OF WINSTON-SALEM
    1700 EBERT STREET
    WINSTONSALEM,NC27103     		N/A PC GENERAL SUPPORT 150
    SUSTAINABLE SEATTLE
    220 2ND AVE S
    SEATTLE,WA98104     		N/A PC GENERAL SUPPORT 5,000
    THE LIVING BREATH FOUNDATION
    2031 MARSALA CIR
    MONTEREY,CA93940     		N/A PC GENERAL SUPPORT 375
    THORNTON CREEK PARENT GROUP
    7712 40TH AVE NE
    SEATTLE,WA98115     		N/A PC GENERAL SUPPORT 225
    TOXIC-FREE FUTURE
    4649 SUNNYSIDE AVE N SUITE 540
    SEATTLE,WA98103     		N/A PC GENERAL SUPPORT 75
    UNIVERSITY OF WASHINGTON FOUNDATION
    PO BOX 353055
    SEATTLE,WA981953055     		N/A PC GENERAL SUPPORT 4,500
    WASHINGTON ENVIRONMENTAL COUNCIL
    1402 3RD AVE 1400
    SEATTLE,WA98101     		N/A PC GENERAL SUPPORT 5,750
    WASHINGTON GREEN SCHOOLS
    4649 SUNNYSIDE AVE N SUITE 305
    SEATTLE,WA98103     		N/A PC GENERAL SUPPORT 975
    WASHINGTON PROGRESS FUND
    1402 3RD AVE STE 201
    SEATTLE,WA98101     		N/A PC GENERAL SUPPORT 1,500
    UNIVERSITY OF WASHINGTON FOUNDATION
    407 GERBERDING HALL BOX 351210
    SEATTLE,WA981951210     		N/A PC GENERAL SUPPORT 10,000
    UCLA FOUNDATION
    10920 WILSHIRE BLVD 900
    LOS ANGELES,CA90024     		N/A PC GENERAL SUPPORT 250
    ICICLE CENTER FOR THE ARTS
    7409 ICICLE RD
    LEAVENWORTH,WA98826     		N/A PC GENERAL SUPPORT 12,594
    DAVID SUZUKI FOUNDATION
    219 - 2211 W FOURTH AVENUE
    VANCOUVER,BRITISH COLUMBIAV6K 4S2
    CA     		N/A CANADIAN CHARITY PROJECT SUPPORT 50,000
    FARMFOLK CITYFOLK SOCIETY
    SUITE 203-1661 DURANLEAU STREET 2ND
    FLOOR NET LOFT GRANVILLE ISLAND
    VANCOUVER,BRITISH COLUMBIAV6H 3S3
    CA     		N/A CANADIAN CHARITY PROJECT SUPPORT 30,000
    GEORGIA STRAIT ALLIANCE
    SUITE 412 207 W HASTINGS STREET
    VANCOUVER,BRITISH COLUMBIAV6B 1H7
    CA     		N/A CANADIAN CHARITY PROJECT SUPPORT 40,000
    HUB CYCLING
    UNIT B1 343 RAILWAY ST
    VANCOUVER,BRITISH COLUMBIAV6A 1A4
    CA     		N/A CANADIAN CHARITY PROJECT SUPPORT 25,000
    SIMON FRASER UNIVERSITY
    8888 UNIVERSITY DRIVE
    BURNABY,BRITISH COLUMBIAV5A 1S6
    CA     		N/A PC PROJECT SUPPORT 40,000
    WEST COAST ENVIRONMENTAL LAW RESEARCH FOUNDATION
    200 - 2006 WEST 10TH AVENUE
    VANCOUVER,BRITISH COLUMBIAV6J 2B3
    CA     		N/A CANADIAN CHARITY PROJECT SUPPORT 40,000
    NICOLA SMITH
    1458 E 20TH AVE
    VANCOUVER,BRITISH COLUMBIAV5N 2K6
    CA     		NONE INDIVIDUAL BULLITT ENVIRONMENTAL PRIZE 50,000
    JESSICA HERNANDEZ
    4220 8TH AVE NE APT 3
    SEATTLE,WA98105     		NONE INDIVIDUAL BULLITT ENVIRONMENTAL PRIZE 10,000
    Total .................................bullet 3a 4,990,417
    bApproved for future payment
    NICOLA SMITH
    1458 E 20TH AVE
    VANCOUVER,BRITISH COLUMBIAV5N 2K6
    CA     		NONE INDIVIDUAL BULLITT ENVIRONMENTAL PRIZE 50,000
    BLUEGREEN ALLIANCE FOUNDATION
    BROADWAY PLACE WEST 1300 GODWARD
    STREET NE 2625
    MINNEAPOLIS,MN55413     		N/A PC PROJECT SUPPORT 40,000
    Total .................................bullet 3b 90,000
    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 ...........     		    14 915,556  
    4 Dividends and interest from securities....     14 673,832  
    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 ............     		523000 35,635 18 5,674,616  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGAIN FROM FUNCTIONALLY RELATED BUSINESSES     		  0   0 5,649,161
    bPARTNERSHIP INCOME 900099 11,983 01 -959  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 47,618 7,263,045 5,649,161
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,959,824
    (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.)
    11B THE FUNCTIONALLY RELATED BUSINESSES FINANCED, CONSTRUCTED AND ARE
    11B MANAGING A GREEN BUILDING WHICH CONTRIBUTES IMPORTANTLY TO THE
    11B FOUNDATION'S MISSION TO SAFEGUARD THE NATURAL ENVIRONMENT AND PROMOTE
    11B SUSTAINABLE COMMUNITIES.
    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 AccountingFeesSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING, REVIEW & TAX PREP 61,552 22,647 0 38,905
    LESS AMOUNTS REPORTED ON 990T 0 -6,896 0 0

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Category Amount
    NONE 0

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

    TY 2018 DepreciationSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    18 CONFERENCE RM CHAIRS 2002-10-03 12,443 12,443 200DB 7.000000000000 0 0 0  
    CONFERENCE TABLE 2003-12-16 5,756 5,756 200DB 7.000000000000 0 0 0  
    THUNDERBOLT DISPLAY (COLLEEN) #C02GR38MDJGR 2012-03-06 1,182 1,182 200DB 5.000000000000 0 0 0  
    THUNDERBOLT DISPLAY (RASHAD) #C02GM3HUDJGR 2012-03-06 1,182 1,182 200DB 5.000000000000 0 0 0  
    THUNDERBOLT DISPLAY (SALLEY) #C02GJ30QDJGR 2012-03-06 1,182 1,182 200DB 5.000000000000 0 0 0  
    MACBOOK AIR (OWNER: SPARE) #C02HT2JLF57J 2012-07-23 3,183 3,183 200DB 5.000000000000 0 0 0  
    THUNDERBOLT DISPLAY (DENIS) #C02HG6NAF2GC 2012-07-23 1,157 1,157 200DB 5.000000000000 0 0 0  
    THUNDERBOLT DISPLAY (DENIS HOME) 2012-12-18 1,413 1,413 200DB 5.000000000000 0 0 0  
    OFFICE FURNITURE (FROM HAAKENSON GROUP) 2013-03-01 67,193 43,195 200DB 7.000000000000 9,599 0 0  
    DESKTOPS (FROM MEYER WELLS) 2013-03-01 45,975 29,555 200DB 7.000000000000 6,568 0 0  
    60" LCD TV SAMSUNG 2013-03-21 1,789 1,610 200DB 5.000000000000 179 0 0  
    MACBOOK (STEVE) #C02K5034F57H 2013-03-21 2,553 2,298 200DB 5.000000000000 255 0 0  
    CONFERENCE TABLE & 4 STOOLS 2013-04-17 17,465 11,228 200DB 7.000000000000 2,495 0 0  
    ANCILLARY FURNITURE 2013-04-19 3,461 2,225 200DB 7.000000000000 494 0 0  
    APPLE MONITOR (STEVE) 2013-05-16 1,241 1,117 200DB 5.000000000000 124 0 0  
    CHAIRS (CONF ROOM-HAAKENSON GROUP) 2013-06-25 2,662 1,712 200DB 7.000000000000 380 0 0  
    BOOKSHELVES (CONF ROOM-NK BUILD) 2013-06-25 7,875 5,070 200DB 7.000000000000 1,122 0 0  
    SIDEBOARD (CONF ROOM-NK BUILD) 2013-06-25 3,570 2,295 200DB 7.000000000000 510 0 0  
    THUNDERBOLT DISPLAY (MARY) #C02KW2FYF2GC 2013-08-30 1,182 1,063 200DB 5.000000000000 119 0 0  
    SHARP 65" TV 2013-08-30 2,098 1,888 200DB 5.000000000000 210 0 0  
    SIDE TABLES & CHAIR 2013-08-12 2,117 1,361 200DB 7.000000000000 302 0 0  
    COMMUTER LOCKERS 2013-08-12 6,673 4,291 200DB 7.000000000000 953 0 0  
    DESKING 2013-08-12 21,247 13,662 200DB 7.000000000000 3,034 0 0  
    SIDE TABLES, OUTDOOR BENCH ADJUSTMENT, COAT RACK 2013-09-23 2,869 1,845 200DB 7.000000000000 410 0 0  
    THUNDERBOLT DISPLAY (NEELIMA) #C02KDSPRF2GC 2013-12-17 1,369 1,232 200DB 5.000000000000 137 0 0  
    WINDOW BLINDS 2014-02-21 961 480 200DB 7.000000000000 137 0 0  
    CONFERENCE ROOM FLOORING 2014-03-30 14,010 7,006 200DB 7.000000000000 2,001 0 0  
    BULLITT CENTER DONOR SIGNAGE 2013-08-26 2,190 1,971 200DB 5.000000000000 219 0 0  
    SCANNER #A0VB130893 (MARY) 2013-02-27 535 482 200DB 5.000000000000 53 0 0  
    MACBOOK AIR #C02MF1JLFLCG (RASHAD) 2014-04-06 2,480 1,736 200DB 5.000000000000 496 0 0  
    WATCHGUARD FIREWALL 2014-04-06 3,154 2,208 200DB 5.000000000000 631 0 0  
    INDOOR BENCH 2014-05-29 1,369 685 200DB 7.000000000000 195 0 0  
    SIDEBOARD TABLE (CONFERENCE ROOM) 2014-05-29 4,380 2,190 200DB 7.000000000000 626 0 0  
    MACBOOK AIR #C02MW0CHFLCG (SALLEY) 2014-06-30 2,390 1,673 200DB 5.000000000000 478 0 0  
    6TH FLOOR LOBBY & CONFERENCE ROOM FURNISHINGS 2014-07-21 24,393 12,199 200DB 7.000000000000 3,484 0 0  
    IMAC 27" #C02P24SHFY14 (DENIS) 2015-01-14 4,856 2,428 200DB 5.000000000000 971 0 0  
    SCANNER (DENIS) 2015-09-17 514 257 200DB 5.000000000000 103 0 0  
    ARUBA S1500 SWITCH FOR PHONES AND INTERNET 2016-05-01 3,255 977 200DB 5.000000000000 651 0 0  
    SOUNDSTATION IP600 CONFERENCE PHONES (INTEGRA) - (2 PHONES) 2013-03-01 2,406 2,165 200DB 5.000000000000 241 0 0  

    TY 2018 GeneralExplanationAttachment
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Identifier Return Reference Explanation
    REG SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBOR ELECTION FORM 990 PF UNDER IRC REGULATIONS 1.263(1)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION.

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SCHWAB SEALTH FMV 9,441,783 9,441,783
    SCHWAB SEALTH PLEDGED FMV 8,748,891 8,748,891
    SCHWAB BOSTON COMMON FMV 5,151,828 5,151,828
    SCHWAB BLAIR FMV 17,456,683 17,456,683
    NON-MANAGED INVESTMENTS FMV 13,025,806 13,025,806
    METROPOLITAN REAL ESTATE FMV 459,253 459,253
    SCHWAB PARAMETRIC FMV 12,247,210 12,247,210

    TY 2018 LandEtcSchedule2
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    18 CONFERENCE RM CHAIRS 12,443 12,443 0  
    CONFERENCE TABLE 5,756 5,756 0  
    THUNDERBOLT DISPLAY (COLLEEN) #C02GR38MDJGR 1,182 1,182 0  
    THUNDERBOLT DISPLAY (RASHAD) #C02GM3HUDJGR 1,182 1,182 0  
    THUNDERBOLT DISPLAY (SALLEY) #C02GJ30QDJGR 1,182 1,182 0  
    MACBOOK AIR (OWNER: SPARE) #C02HT2JLF57J 3,183 3,183 0  
    THUNDERBOLT DISPLAY (DENIS) #C02HG6NAF2GC 1,157 1,157 0  
    THUNDERBOLT DISPLAY (DENIS HOME) 1,413 1,413 0  
    OFFICE FURNITURE (FROM HAAKENSON GROUP) 67,193 52,794 14,399  
    DESKTOPS (FROM MEYER WELLS) 45,975 36,123 9,852  
    60" LCD TV SAMSUNG 1,789 1,789 0  
    MACBOOK (STEVE) #C02K5034F57H 2,553 2,553 0  
    CONFERENCE TABLE & 4 STOOLS 17,465 13,723 3,742  
    ANCILLARY FURNITURE 3,461 2,719 742  
    APPLE MONITOR (STEVE) 1,241 1,241 0  
    CHAIRS (CONF ROOM-HAAKENSON GROUP) 2,662 2,092 570  
    BOOKSHELVES (CONF ROOM-NK BUILD) 7,875 6,192 1,683  
    SIDEBOARD (CONF ROOM-NK BUILD) 3,570 2,805 765  
    THUNDERBOLT DISPLAY (MARY) #C02KW2FYF2GC 1,182 1,182 0  
    SHARP 65" TV 2,098 2,098 0  
    SIDE TABLES & CHAIR 2,117 1,663 454  
    COMMUTER LOCKERS 6,673 5,244 1,429  
    DESKING 21,247 16,696 4,551  
    SIDE TABLES, OUTDOOR BENCH ADJUSTMENT, COAT RACK 2,869 2,255 614  
    THUNDERBOLT DISPLAY (NEELIMA) #C02KDSPRF2GC 1,369 1,369 0  
    WINDOW BLINDS 961 617 344  
    CONFERENCE ROOM FLOORING 14,010 9,007 5,003  
    BULLITT CENTER DONOR SIGNAGE 2,190 2,190 0  
    SCANNER #A0VB130893 (MARY) 535 535 0  
    MACBOOK AIR #C02MF1JLFLCG (RASHAD) 2,480 2,232 248  
    WATCHGUARD FIREWALL 3,154 2,839 315  
    INDOOR BENCH 1,369 880 489  
    SIDEBOARD TABLE (CONFERENCE ROOM) 4,380 2,816 1,564  
    MACBOOK AIR #C02MW0CHFLCG (SALLEY) 2,390 2,151 239  
    6TH FLOOR LOBBY & CONFERENCE ROOM FURNISHINGS 24,393 15,683 8,710  
    IMAC 27" #C02P24SHFY14 (DENIS) 4,856 3,399 1,457  
    SCANNER (DENIS) 514 360 154  
    ARUBA S1500 SWITCH FOR PHONES AND INTERNET 3,255 1,628 1,627  


    TY 2018 LegalFeesSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,033 380 0 653


    TY 2018 MortgagesAndNotesPayableSch
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name US BANK
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 10,700,000
    Balance Due 10,700,000
    Date of Note 2017-12
    Maturity Date 2025-07
    Repayment Terms INTEREST ONLY UNTIL MATURITY
    Interest Rate 3.680000000000
    Security Provided by Borrower ASSETS OF ORGANIZATION
    Purpose of Loan EQUITY INVESTMENT IN "GREEN" BUILDING CONSTRUCTION
    Description of Lender Consideration VARIOUS ASSETS
    Consideration FMV 10700000


    TY 2018 OtherAssetsSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 7,477 7,477 7,477
    FUNCTIONALLY RELATED BUSINESS 13,018,277 18,667,439 18,667,439
    MISC RECEIVABLE 747,030 7,120 7,120


    TY 2018 OtherDecreasesSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Description Amount
    UNREALIZED CAPITAL GAINS\LOSSES 11,266,062


    TY 2018 OtherExpensesSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LIABILITY INSURANCE 5,248 1,931 0 3,317
    TELEPHONE 17,387 6,397 0 10,990
    WEBSITE 2,023 744 0 1,279
    OFFICE SUPPLIES 12,132 4,464 0 7,668
    POSTAGE 225 83 0 142
    REPAIRS & MAINTENANCE 29,546 10,871 0 18,675
    MEALS & ENTERTAINMENT 13,024 2,396 0 4,116
    MEMBERSHIP DUES 52,666 19,377 0 33,289
    STORAGE RENTAL 2,340 861 0 1,479
    DEBT FORGIVENESS 6,310,226 0 0 0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GAIN FROM FUNCTIONALLY RELATED BUSINESSES 5,649,161   0
    PARTNERSHIP INCOME 11,024 -1,332 0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE -12,056 16,260
    PAYROLL TAXES WITHHELD 27,738 27,359
    ACCRUED VACATION PAYABLE 53,306 71,795
    PAYROLL - OTHER 121 0
    SUBSIDIARY PAYABLE 0 81,536


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 206,187 75,862 0 130,325
    INVESTMENT MANAGEMENT FEES 292,464 292,464 0 0
    MANAGEMENT FEES REPORTED ON 990-T 0 -569 0 0
    USB CHARGES 3,416 3,416 0 0
    OTHER FEES 2,475 911 0 1,564


    TY 2018 TaxesSchedule
    Name:
    THE BULLITT FOUNDATION
    EIN:
    91-6027795
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN INCOME TAXES 27,903 27,903 0 0
    FEDERAL EXCISE TAX/UBIT 143,236 0 0 0
    PROPERTY TAX 13,324 4,902 0 8,422
    PERSONAL PROPERTY TAX 1,325 488 0 838