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 LEMELSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1455 NW OVERTON STREET NO 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97209
A Employer identification number

88-0391959
B Telephone number (see instructions)

(503) 222-2924
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$363,836,502J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 611,549 620,853  
4 Dividends and interest from securities... 3,568,896 5,861,349  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 25,673,642
b Gross sales price for all assets on line 6a 38,560,705
7 Capital gain net income (from Part IV, line 2)... 39,577,141
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,358,295 159,745  
12 Total. Add lines 1 through 11........ 31,212,382 46,219,088  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 628,894 159,721   469,173
14 Other employee salaries and wages...... 1,065,117 0   1,042,896
15 Pension plans, employee benefits....... 671,781 32,839   693,502
16a Legal fees (attach schedule)......... Click to see attachment 259,185 64,796   194,522
b Accounting fees (attach schedule)....... Click to see attachment 159,983 56,021   84,612
c Other professional fees (attach schedule).... Click to see attachment 5,341,464 4,027,190   1,284,933
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 511,671 353,378   4,640
19 Depreciation (attach schedule) and depletion... 72,443 0  
20 Occupancy.............. 229,399 0   230,530
21 Travel, conferences, and meetings....... 406,889 0   387,446
22 Printing and publications.......... 31,789 0   31,789
23 Other expenses (attach schedule)....... Click to see attachment 476,414 3,158,292   435,043
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,855,029 7,852,237   4,859,086
25 Contributions, gifts, grants paid....... 15,764,049 15,774,049
26 Total expenses and disbursements. Add lines 24 and 25 25,619,078 7,852,237   20,633,135
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,593,304
b Net investment income (if negative, enter -0-) 38,366,851
c Adjusted net income (if negative, enter -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............. 4,329,156 11,904,156 11,904,156
2 Savings and temporary cash investments......... 5,154,450 6,660,469 6,660,469
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.......... 35,229 35,229 35,229
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment889,764 889,764
b Investments—corporate stock (attach schedule)....... 43,805,268 Click to see attachment35,126,176 35,126,176
c Investments—corporate bonds (attach schedule)....... 23,016,702 Click to see attachment16,486,687 16,486,687
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 315,160,124 Click to see attachment285,131,036 285,131,036
14 Land, buildings, and equipment: basis bullet1,291,538
Less: accumulated depreciation (attach schedule) bullet476,872 887,108 Click to see attachment814,666 814,666
15 Other assets (describe bullet) Click to see attachment5,200,779 Click to see attachment6,788,319 Click to see attachment6,788,319
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 397,588,816 363,836,502 363,836,502
Liabilities 17 Accounts payable and accrued expenses.......... 173,247 189,380
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) Click to see attachment2,105,869 Click to see attachment1,782,060
23 Total liabilities (add lines 17 through 22)......... 2,279,116 1,971,440
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.................. 395,309,700 361,865,062
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)..... 395,309,700 361,865,062
31 Total liabilities and net assets/fund balances (see instructions). 397,588,816 363,836,502
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
395,309,700
2
Enter amount from Part I, line 27a .....................
2
5,593,304
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
400,903,004
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
39,037,942
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
361,865,062
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 PUBLICLY TRADED SECURITIES      
b CLASS ACTION DISTRIBUTION P    
c DISPOSAL OF SOMERSET SMALL MIDCAP P    
d DISPOSAL OF SEMPER VIC PARTNERS P    
e DISPOSAL OF PERSISTENT ENERGY FUND P    
PASS THROUGH INVESTMENTS REPORTED ON SCH K-1 P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,856,251   12,888,180 -31,929
b       1,117
c 4,289,422   4,291,272 -1,850
d 9,502,538   10,235,355 -732,817
e 2,235   7,581 -5,346
40,347,966     40,347,966
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       -31,929
b       1,117
c       -1,850
d       -732,817
e       -5,346
      40,347,966
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 39,577,141
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 18,183,273 360,182,560 0.050483
2016 16,465,811 340,928,927 0.048297
2015 19,838,462 346,966,060 0.057177
2014 17,486,760 366,252,471 0.047745
2013 16,342,817 347,002,808 0.047097
2
Total of line 1, column (d) .....................
2
0.250799
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
0.050160
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
377,265,857
5
Multiply line 4 by line 3......................
5
18,923,655
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
383,669
7
Add lines 5 and 6........................
7
19,307,324
8
Enter qualifying distributions from Part XII, line 4,.............
8
22,222,200
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 1 383,669
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........................... 3 383,669
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- ..... 5 383,669
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 436,582
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.............. 7 436,582
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 52,913
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet52,913 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)
    bulletNV, OR, CA
    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.LEMELSON.ORG
    14
    The books are in care ofbulletTRACEE BETANCOURT Telephone no.bullet (503) 222-2924

    Located atbullet1455 NW OVERTON STREET SUITE 500PORTLANDOR ZIP+4bullet97209
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    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
    DOROTHY LEMELSON SEE STATEMENT 24
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    ERIC LEMELSON SEE STATEMENT 24
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    ROBERT LEMELSON SEE STATEMENT 24
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    SUSAN MORSE DIRECTOR
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    JENNIFER BRUML DIRECTOR
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    CAROL DAHL SEE STATEMENT 24
    40.00     		400,577 103,523 300
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    PHILIP VARNUM SEE STATEMENT 24
    40.00     		228,317 66,548 4,979
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    ANN MORGAN VICE PRESIDENT
    1.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    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
    CYNTHIA COOPER PROGRAM OFFICER
    40.00     		127,960 86,335 250
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    JENNIFER BURRAN GRANTS, IT & CONTRAC
    40.00     		130,748 62,158 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    DAVID CORONADO PROGRAM OFFICER
    40.00     		131,876 60,785 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    PAMELA KAHL COMMUNICATIONS OFFIC
    40.00     		130,876 60,819 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    RACHEL JAGODA BURNETTE PROGRAM OFFICER
    40.00     		128,264 60,606 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    Total number of other employees paid over $50,000...................bullet 4
    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
    TIEDEMANN WEALTH MANAGEMENT INVESTMENT CONSULTANTS 607,784
    1415 WESTERN AVENUE
    SEATTLE,WA98101
    LONG STORY SHORT MEDIA INC COMMUNICATIONS 272,535
    2830 GEORGIA AVENUE NW
    WASHINGTON,DC20001
    QUARLES & BRADY LLP LEGAL SERVICES 219,318
    300 N LASALLE STREET SUITE 4000
    CHICAGO,IL60654
    SORENSEN STRATEGIES STRATEGIC CONSULTANT 166,000
    8103 SW 222ND PLACE
    VASHON ISLAND,WA98070
    CLARK NUBER ACCOUNTING SERVICES 135,830
    10900 NE 4TH ST SUITE 1400
    BELLEVUE,WA98004
    Total number of others receiving over $50,000 for professional services.............bullet2
    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 K-12 COMMUNITY OF PRACTICE - THE FOUNDATION HELD AN ANNUAL INVENTION EDUCATION CONVENING TO SUPPORT THE EFFORTS OF SMALLER WORKING GROUPS THROUGHOUT THE YEAR, TO HELP YIELD A STRONGER INVENTION EDUCATION COMMUNITY OF PRACTICE AND ECOSYSTEM AND DEVELOP A MORE COHESIVE BRAND AROUND INVENTION EDUCATION. 171,623
    2 LINKING THE LEMELSON FOUNDATION NETWORK OF INVENTORS - THE FOUNDATION RESERVED FUNDS TO BE USED TO BRING ENTREPRENEURS, KEY EXPERTS AND OTHER PARTNERS IN OUR NETWORK TOGETHER TO DISCUSS THE CHALLENGES AND OPPORTUNITIES ASSOCIATED WITH EARLY STAGE INVENTION-BASED ENTERPRISES. TO MAXIMIZE EFFICIENCY, WE LEVERAGED EXISTING MEETINGS IN THE FIELD AND OPPORTUNISTICALLY HOSTED SIDE MEETINGS AT KEY SECTOR AND REGIONAL CONFERENCES SUCH AS SANKALP, SOCAP, GRAND CHALLENGES, TIE GLOBAL AND OTHERS. FUNDS WERE TO BE USED TO PAY FOR CONFERENCE ROOM SPACE, FOOD FOR PARTICIPANTS AND TRAVEL COSTS FOR PARTICIPANTS AS NEEDED. WHEN POSSIBLE, WE WORKED TO EXPAND THE NETWORK BY COLLABORATING WITH OTHER FOUNDATION PARTNERS THAT FUND PRODUCT-FOCUSED ENTREPRENEURS SUCH AS USAID AND THE GATES FOUNDATION. 67,626
    3 ENTREPRENEURSHIP FUNDERS NETWORK - EQUIPPED STUDENTS WITH THE SKILLS BOTH TO INVENT AND TO DEVELOP SELF-SUSTAINING INVENTION-BASED ENTERPRISES ("IBES") AND SUPPORTED STUDENT INVENTORS IN LAUNCHING PROMISING IBES, BUILT AND SUPPORTED A PIPELINE OF INVENTORS AND IBES THAT STRENGTHENED THE OREGON ECONOMY. POSITIONED INVENTION EDUCATION AS A POWERFUL WAY FOR HIGHER EDUCATION TO MEET THE NEEDS OF THEIR STUDENTS FOR THE FUTURE ECONOMY. HIGHLIGHTED THE ROLE OF IBES IN THE REGIONAL ECONOMY. BUILT NETWORKS AND RELATIONSHIPS WITH POLICY-MAKERS, EDUCATIONAL LEADERS AND ADMINISTRATORS WHO COULD SERVE AS ALLIES AND AUDIENCES FOR OUR MESSAGING. 60,000
    4 INTEGRATING ENVIRONMENTAL RESPONSIBILITY IN HIGHER EDUCATION - CONSULTANTS CONVENED ACADEMIC AND INDUSTRY EXPERTS TO DEVELOP A PROCESS FOR DEFINING THE FUNDAMENTAL PRINCIPLES OF ENVIRONMENTAL RESPONSIBILITY FOR ENGINEERING STUDENTS AND PROVIDE RECOMMENDATIONS FOR TEACHING METHODOLOGIES AND ADOPTION IN ENGINEERING PROGRAMS. FORMED A WORKING GROUP OF PARTICIPANTS TO CREATE A SET OF STUDENT LEARNING OUTCOMES AND TEACHING APPROACHES THAT TO BE TAUGHT TO FACULTY AND PROMOTED TO UNIVERSITIES AS A BASIS FOR ENSURING ENGINEERS ARE ENVIRONMENTALLY RESPONSIBLE. DEVELOPED CASE STUDY EXAMPLES OF INSPIRING STARTUPS USING ENVIRONMENTALLY RESPONSIBLE PRACTICES TO SHARE WITH FACULTY, STUDENTS, INNOVATORS, AND OTHER STAKEHOLDERS. EXPLORED UNIVERSITY RECOGNITION MODELS FOR POTENTIAL APPROACHES AND PARTNERS. EXPLORE POTENTIAL TO CREATE A FORMAL ACADEMIC RESEARCH OR CASE WRITING OPPORTUNITY FOCUSED ON ENVIRONMENTAL RESPONSIBILITY IN ENGINEERING AND INNOVATION AND INVENTION COURSES AND PROGRAMS. 46,073
    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 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN MENTERRA SOCIAL IMPACT FUND 1, AN INDIAN ALTERNATIVE INVESTMENT FUND - SOCIAL VENTURE FUND (THE "MENTERRA FUND"), IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE MENTERRA FUND. THE FOUNDATION'S INVESTMENT IN THE FUND WILL BE USED FOR INVESTMENT IN EARLY-STAGE, INVENTION-LED ENTERPRISES WITH A FOCUS ON SOCIAL IMPACT IN INDIA, THROUGH PRODUCT INNOVATION, TARGETING THE EDUCATION, HEALTHCARE, ENERGY, AND AGRICULTURE SECTORS. 850,000
    2 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN TEAMFUND, LP ("TEAMFUND"), A WHOLLY-OWNED SUBSIDIARY OF THE NON-PROFIT TEAMFUND, INC, IN THE FORM OF PURCHASING AN EQUITY INTEREST IN TEAMFUND. THE FOUNDATION'S INVESTMENT IN TEAMFUND WILL BE USED TO IMPROVE THE LIVES OF LOW-RESOURCE, UNDERSERVED POPULATIONS IN DEVELOPING COUNTRIES BY INCREASING ACCESS TO AFFORDABLE, APPROPRIATE, AND SUSTAINABLE MEDICAL TECHNOLOGIES THAT EFFECTIVELY ADDRESS PRIORITY UNMET CLINICAL NEEDS. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN TEAMFUND. 500,000
    All other program-related investments. See instructions.
    3 Click to see attachment 239,065
    Total. Add lines 1 through 3.........................bullet1,589,065
    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
    62,934,830
    b
    Average of monthly cash balances.......................
    1b
    16,161,700
    c
    Fair market value of all other assets (see instructions)................
    1c
    303,914,492
    d
    Total (add lines 1a, b, and c).........................
    1d
    383,011,022
    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
    383,011,022
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,745,165
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    377,265,857
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    18,863,293
    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
    18,863,293
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    383,669
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    383,669
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    18,479,624
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    86,307
    5
    Add lines 3 and 4............................
    5
    18,565,931
    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
    18,565,931
    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
    20,633,135
    b
    Program-related investments—total from Part IX-B..................
    1b
    1,589,065
    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
    22,222,200
    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
    383,669
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    21,838,531
    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 18,565,931
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,861,369
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 22,222,200
    a Applied to 2017, but not more than line 2a 2,861,369
    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..... 18,565,931
    e Remaining amount distributed out of corpus 794,900
    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 5 794,900
    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) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		794,900
    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.... 794,900
    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).)
    DOROTHY LEMELSON
    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.
    ERIC LEMELSON
    ROBERT LEMELSON
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE
    1200 NEW YORK AVENUE NW
    WASHINGTON,DC20005     		  PC TO SUPPORT THE LAUNCH AND DEVELOPMENT OF THE AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE (AAAS) LEMELSON INVENTION AMBASSADORS PROGRAM. 480,024
    ASSOCIATION OF PUBLIC AND LAND-GRANTS UNIVERSITIES
    1307 NEW YORK AVENUE NW SUITE 400
    WASHINGTON,DC20005     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT OF THE 2018 COMMISSION ON COMPETITIVENESS, INNOVATION, AND ECONOMIC PROSPERITY SUMMER MEETING TO BE HELD JUNE 25-28, 2018 IN RICHMOND, VIRGINIA. 3,400
    BEYOND BENIGN
    100 RESEARCH DRIVE
    WILMINGTON,MA01887     		  PC TO DEVELOP AND DISSEMINATE K-12 CURRICULAR RESOURCES AND TRAINING THAT EMPOWERS EDUCATORS AND STUDENTS TO PRACTICE AND BE AWARE OF ENVIRONMENTAL SUSTAINABILITY THROUGH GREEN CHEMISTRY. 117,790
    ENVIRONMENTAL DEFENSE FUND INCORPORATED
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		  PC TO SUPPORT METHANESAT, AN ORBITAL EYE IN THE SKY THAT COULD MONITOR INDUSTRIAL METHANE LEAKS ALL OVER THE PLANET. 1,000,000
    GEARBOX INTERNATIONAL FOUNDATION
    2323 BROADWAY
    OAKLAND,CA97612     		  PC TO PROVIDE CONTINUED SUPPORT OF A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. 73,000
    GEARBOX FOUNDATIONGEARBOX LIMITED
    AVON CENTRE ENTERPRISE ROAD
    NAIROBI   58275-00200
    KE     		  NC TO PROVIDE CONTINUED SUPPORT OF A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. 295,241
    GLOBAL MINIMUM INC
    1732 1ST AVENUE 26978
    NEW YORK,NY10128     		  PC TO CONTINUE SCALING GLOBAL MINIMUM'S EDUCATIONAL PROGRAMS IN KENYA. 238,150
    GRANTMAKERS OF OREGON & SW WASHINGTON
    PO BOX 6381
    PORTLAND,OR972286381     		  PC TO RENEW THE FOUNDATION'S MEMBERSHIP IN AN ORGANIZATION COMPRISED OF A DIVERSE MIX OF REGIONAL PHILANTHROPIES. 3,680
    GREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC
    3939 CAMPBELL AVE
    ARLINGTON,VA22206     		  PC TO CONTINUE SUPPORT OF NEWS PROGRAMMING AND EDUCATIONAL MATERIALS HIGHLIGHTING THE IMPACT OF INVENTION AND INNOVATION. 433,333
    IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION
    CARE CORPORATE SERVICES COMPANY 251
    LITTLE FALLS DRIVE
    WILMINGTON,DE19808     		  NC TO PROVIDE CAPACITY BUILDING SUPPORT OF ITS ORGANIZATION, OPERATION, AND APPLICATION TO BE RECOGNIZED AS A 501(C)(3) PUBLIC CHARITY. 13,392
    INNACCEL
    4 5TH FLOOR AANAND TOWERS RAJA
    RAMMOHAN ROY ROAD NEAR RICHMOND CIR
    SAMPANGIRAMANAGAR   560025
    IN     		  NC TO CREATE AND PUBLICLY DISSEMINATE A VALIDATED DATABASE OF CRITICAL UNMET NEEDS FOR MEDICAL DEVICE TECHNOLOGIES SERVING LOW RESOURCE POPULATIONS IN INDIA. 126,915
    KENYA IMPACT INNOVATIONS FOUNDATION
    5TH FLOOR STRATHMORE STUDENT CENTRE
    NAIROBI   30410-00100
    KE     		  NC TO CONTINUE SUPPORT OF ITS BUSINESS INCUBATION ACTIVITIES FOCUSED ON BUILDING A PIPELINE OF SCALABLE INVENTION-BASED ENTERPRISES THAT ADDRESS UNMET HEALTH NEEDS FOR LOW RESOURCE POPULATIONS IN KENYA AND THROUGHOUT EAST AFRICA. 214,164
    LORDS EDUCATION & HEALTH SOCIETY
    5C HANSALAYA BUILDING 15 BARAKHAMBA
    ROAD
    NEW DELHI   110001
    IN     		  PC - EQUIVALENCY DET TO SUPPORT THE WADHWANI INITIATIVE FOR SUSTAINABLE HEALTHCARE PROGRAM'S EFFORT TO RUN FIELD VALIDATION TRIALS OF TWO MEDICAL DEVICES THAT MEET THE NEEDS OF THE POOR IN INDIA AND FACILITATE THE UPTAKE OF THE DEVICES BY STATE-RUN PUBLIC PROCUREMENT SYSTEMS. 62,636
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVENUE BUILDING
    E-38-104
    CAMBRIDGE,MA02139     		  PC TO CONTINUE SUPPORT FOR THE LEMELSON-MIT PROGRAM INCLUDING THE LEMELSON-MIT PRIZE, STUDENT PRIZE PROGRAM, INVENTEAM PROGRAM, AND JV INVENTEAM INITIATIVE. 4,770,000
    NATIONAL ACADEMY OF INVENTORS
    3702 SPECTRUM BLVD
    TAMPA,FL33612     		  PC TO SPONSOR AN ISSUE OF TECHNOLOGY AND INNOVATION, A QUARTERLY JOURNAL PUBLISHED BY THE NATIONAL ACADEMY OF INVENTORS. 10,000
    NATIONAL ACADEMY OF INVENTORS
    3702 SPECTRUM BLVD
    TAMPA,FL33612     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE NATIONAL ACADEMY OF INVENTORS ANNUAL MEETING IN HOUSTON, TX, APRIL 10-11, 2019. 25,000
    NATIONAL PUBLIC RADIO INC
    1111 NORTH CAPITOL ST NE
    WASHINGTON,DC20002     		  PC TO CONTINUE SUPPORT FOR THE RADIO AND WEB SERIES, "JOE'S BIG IDEA", THAT EXPLORES HOW IDEAS BECOME INNOVATIONS AND INVENTIONS. 280,000
    NON-PROFIT ENTERPRISE AND SELF-SUSTAINABILITY TEAM INC
    5917 JORDAN AVE
    EL CERRITO,CA94530     		  PC TO CONTINUE SCALING ITS INCUBATION PROGRAMS THROUGHOUT THE ANDEAN REGION INCLUDING (BOLIVIA, COLOMBIA, ECUADOR, AND THE BRAZIL AMAZON BASIN), BUILDING A LARGER POOL OF INVENTION-BASED ENTERPRISES. TO IMPROVE THE LIVES OF THE POOR. 512,676
    OLIN COLLEGE
    OLIN WAY
    NEEDHAM,MA02492     		  PC TO PROVIDE GENERAL OPERATING SUPPORT. 5,000
    OREGON BUSINESS COUNCIL CHARITABLE INSTITUTE
    1100 SW 6TH AVE SUITE 1608
    PORTLAND,OR97204     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE OREGON LEADERSHIP SUMMIT ON DECEMBER 3, 2018 IN PORTLAND, OREGON. 5,000
    OREGON COMMUNITY FOUNDATION
    1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO FUND A PORTION OF THE 2018 OREGON CAPITAL SCAN, A REPORT ON ACCESS TO CAPITAL FOR ENTREPRENEURS IN OREGON. 10,000
    OREGON STATE UNIVERSITY FOUNDATION
    850 SW 35TH ST
    CORVALLIS,OR973334046     		  PC TO SUPPORT MOBILE INVENTION CAMPS AND RELATED EDUCATOR TRAINING PROGRAMS IN RURAL OREGON. 73,597
    PHILANTHROPY NORTH WEST
    2101 FOURTH AVE SUITE 650
    SEATTLE,WA98121     		  PC TO RENEW THE FOUNDATION'S MEMBERSHIP AND FOR GENERAL OPERATING SUPPORT FOR PHILANTHROPY NORTHWEST. 15,705
    PORTLAND CHILDREN'S MUSEUM
    4015 SW CANYON ROAD
    PORTLAND,OR97221     		  PC TO SUPPORT RESEARCH INTO APPROACHES FOR K5 INVENTION EDUCATION CURRICULUM. 163,650
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO REFINE CURRICULA AND ACTIVITIES FOR A PRE-COLLEGE INVENTION EDUCATION PROGRAM FOR UNDERSERVED STUDENTS CALLED THE INVENTION BOOT CAMP AND TO IMPLEMENT AND SCALE THE INVENTION BOOT CAMP COURSE. 147,525
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT TO ELEVATING IMPACT SUMMIT TO BE HELD MARCH 15, 2019 IN PORTLAND, OREGON. 15,000
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO PROVIDE CONTINUED SUPPORT OF A STATEWIDE INVENTION AND PROTOTYPING COMPETITION FOR OREGON COLLEGE AND UNIVERSITY STUDENTS. 233,235
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT GENERAL OPERATIONS AND INVENTION EDUCATION AND RELATED ACTIVITIES. 172,307
    WILLIAM MARSH RICE UNIVERSITY
    6100 MAIN STREET MS 390 OSHMAN
    ENGINEERING DESIGN KITCHEN 107
    HOUSTON,TX77005     		  PC TO EXPAND A HIGH QUALITY INVENTION EDUCATION PROGRAM WITHIN MALAWI AND TANZANIA, AND TO DEVELOP AND DISSEMINATE GUIDELINES TO ENABLE OTHER INSTITUTIONS IN AFRICA TO LEARN FROM AND ADAPT BEST PRACTICES. 770,823
    ROOT DIVISION
    1131 MISSION STREET
    SAN FRANCISCO,CA94103     		  PC TO PROVIDE GENERAL OPERATING SUPPORT. 5,000
    SELCO FOUNDATION
    690 FIRST FLOOR 100FT RING ROAD
    15TH CROSS 2ND PHASE JP NAGAR
    BANGALORE   560078
    IN     		  PC - EQUIVALENCY DET TO HELP IDENTIFY, EVALUATE AND HELP COMMERCIALIZE TECHNOLOGIES THAT MEET THE NEEDS OF POOR PEOPLE IN INDIA. 269,068
    SMITHSONIAN NATIONAL MUSEUM OF AMERICAN HISTORY
    BEHRING CENTER 14TH STREET AND
    CONSTITUTION AVENUE NW
    WASHINGTON,DC20560     		  PC TO SUPPORT THE DESIGN PHASE OF PLANNING THE LEMELSON CENTERS NEW EXHIBIT, SPORTING INVENTION, AT THE NATIONAL MUSEUM OF AMERICAN HISTORY. 110,000
    SOCIETY FOR SCIENCE & THE PUBLIC
    1719 N STREET NW
    WASHINGTON,DC20036     		  PC TO DEVELOP A LEMELSON AWARD FOR INVENTION AT BROADCOM MASTERS AND INSPIRE YOUTH ON INVENTION THROUGH THE DISSEMINATION OF AGE-APPROPRIATE INVENTION MEDIA CONTENT. 63,411
    STRONG CITY BALTIMORE INC
    3503 NORTH CHARLES STREET
    BALTIMORE,MD21218     		  PC TO PROVIDE CONFERENCE SUPPORT FOR THE NATION OF MAKERS CONFERENCE ("NOMCOM") IN SANTA FE, NEW MEXICO, JUNE 9-10, 2018. 25,000
    THE ASME FOUNDATION INC
    TWO PARK AVENUE
    NEW YORK,NY100165990     		  SO-II TO PROVIDE CONFERENCE SUPPORT FOR THE 2018 ASME ISHOW, A GLOBAL COMPETITION FOR HARDWARE-LED SOCIAL INNOVATION. HOSTED IN THE UNITED STATES, INDIA AND KENYA, THE CONFERENCE RAISES AWARENESS OF HARDWARE INNOVATORS AND IMPACT INVENTING. 98,000
    THE ASPEN INSTITUTE INC
    ONE DUPONT CIRCLE NW SUITE 700
    WASHINGTON,DC20036     		  PC TO PROVIDE MEMBERSHIP DUES FOR FOUNDATION STAFF OF ASPEN NETWORK OF DEVELOPMENT ENTREPRENEURS, A GLOBAL NETWORK OF ORGANIZATIONS THAT PROPEL ENTREPRENEURSHIP IN EMERGING MARKETS. 12,000
    THE INSTITUTE FOR TRANSFORMATIVE TECHNOLOGIES
    209 THE CROSSWAY
    BERKELEY,CA94708     		  PC TO SUPPORT AN UPDATE TO THE 50 BREAKTHROUGHS REPORT, PUBLISH CASE STUDIES DEMONSTRATING SUCCESS AND BUILD THE PLAN AROUND COMMUNITY BUILDING AND ENABLING FURTHER SOLUTION DEVELOPMENT. 80,500
    THE REGENTS OF THE UNIVERSITY OF CALIFORNIA BERKELEY
    BLUM HALL 5570
    BERKELEY,CA947205570     		  PC TO DESIGN AND PILOT OUTREACH, EDUCATION, MENTORING AND EVALUATION APPROACHES TO INTEGRATE ENVIRONMENTAL RESPONSIBILITY IN THE BIG IDEAS CONTEST FOR COLLEGE STUDENTS IN THE UNIVERSITY OF CALIFORNIA SYSTEM AND MAKERERE UNIVERSITY IN UGANDA. 72,582
    THE STEMIE COALITION INC
    803 WARRENVILLE ROAD
    MANSFIELD CENTER,CT06250     		  PC TO HELP STEMIE BUILD AN ENDURING ORGANIZATION ABLE TO SUPPORT A NATIONAL INVENTION CONVENTION ECOSYSTEM AND ENABLE MORE YOUTH TO EXPERIENCE INVENTION. 158,000
    TIDES CENTER
    PO BOX 29907
    SAN FRANCISCO,CA941290903     		  PC TO PROVIDE SUPPORT FOR ADDITIONAL INVENTION EDUCATION LEARNINGS AND THE DEVELOPMENT OF A NEW SUITE OF TOOLS AND RESOURCES THAT WILL LAY THE GROUNDWORK FOR SCALING MAKING-TO-INVENTION PROGRAMS NATIONALLY AMONG MULTIPLE PARTNERS. 95,775
    TIE FOUNDATION
    3065 DEMOCRACY WAY
    SANTA CLARA,CA95054     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE 2018 TIE GLOBAL SUMMIT TO BE HELD FEBRUARY 21-22, 2018, IN MUMBAI, INDIA. 75,000
    TIE FOUNDATION
    3065 DEMOCRACY WAY
    SANTA CLARA,CA95054     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE 2018 TIE GLOBAL SUMMIT TO BE HELD NOVEMBER 30- DECEMBER 1, 2018, IN NEW DELHI, INDIA. 95,000
    TIE OREGON
    PO BOX 91042
    PORTLAND,OR97291     		  NC TO PROVIDE THE TIE YOUNG ENTREPRENEURS PROGRAM TO HIGH SCHOOL STUDENTS FROM UNDER-RESOURCED BACKGROUNDS IN OREGON AND TRAINING FOR EDUCATORS IN OREGON AND AT TIE CHAPTERS GLOBALLY. 174,760
    UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION
    PO BOX 97930
    PITTSBURGH,PA15227     		  PC TO SUPPORT THE UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION'S ANNUAL CONFERENCE. 7,500
    NATIONAL COLLEGIATE INVENTORS AND INNOVATORS ALLIANCE
    100 VENTURE WAY
    HADLEY,MA01035     		  PC TO SUPPORT EARLY-STAGE INNOVATORS TO DEVELOP AND COMMERCIALIZE PRODUCTS THAT SOLVE SOCIAL OR ENVIRONMENTAL PROBLEMS, AND TO SUPPORT FACULTY INITIATIVES FOCUSED ON CULTIVATING THE CONDITIONS THAT NURTURE INVENTORS. 3,092,045
    VILLGRO INNOVATIONS FOUNDATION
    III FLOOR IITM RESEARCH PARK
    KANAGAM ROAD TARAMANI
    CHENNAI   600 113
    IN     		  PC - EQUIVALENCY DET TO SUPPORT THE INCUBATION AND LAUNCH OF HIGH-IMPACT, HIGHLY SCALABLE, INVENTION-BASED ENTERPRISES IN INDIA THAT IMPROVE LIVES OF THE POOR; AND TO SUPPORT REPLICATION OF THIS MODEL IN SELECT DEVELOPING COUNTRIES. 867,658
    WGBH EDUCATIONAL FOUNDATION
    ONE GUEST STREET
    BOSTON,MA02135     		  PC TO LEVERAGE THE SUCCESSFUL DESIGN SQUAD GLOBAL PLATFORM AND NETWORK TO EDUCATE YOUTH ABOUT ENVIRONMENTAL RESPONSIBILITY IN BOTH THE US AND ABROAD. 201,507
    Total .................................bullet 3a 15,774,049
    bApproved for future payment
    ENVIRONMENTAL DEFENSE FUND INCORPORATED
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		  PC TO SUPPORT METHANESAT, AN ORBITAL EYE IN THE SKY THAT COULD MONITOR INDUSTRIAL METHANE LEAKS ALL OVER THE PLANET. 1,000,000
    LORDS EDUCATION & HEALTH SOCIETY
    5C HANSALAYA BUILDING 15 BARAKHAMBA
    ROAD
    NEW DELHI   110001
    IN     		  PC - EQUIVALENCY DET TO SUPPORT THE WADHWANI INITIATIVE FOR SUSTAINABLE HEALTHCARE PROGRAM'S EFFORT TO RUN FIELD VALIDATION TRIALS OF TWO MEDICAL DEVICES THAT MEET THE NEEDS OF THE POOR IN INDIA AND FACILITATE THE UPTAKE OF THE DEVICES BY STATE-RUN PUBLIC PROCUREMENT SYSTEMS. 31,318
    NATIONAL PUBLIC RADIO INC
    1111 NORTH CAPITOL ST NE
    WASHINGTON,DC20002     		  PC TO CONTINUE SUPPORT FOR THE RADIO AND WEB SERIES, "JOE'S BIG IDEA" THAT EXPLORES HOW IDEAS BECOME INNOVATIONS AND INVENTIONS. 560,000
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT GENERAL OPERATIONS AND INVENTION EDUCATION AND RELATED ACTIVITIES. 594,177
    SMITHSONIAN NATIONAL MUSEUM OF AMERICAN HISTORY
    BEHRING CENTER 14TH STREET AND
    CONSTITUTION AVENUE NW
    WASHINGTON,DC20560     		  PC TO SUPPORT THE DESIGN PHASE OF PLANNING THE LEMELSON CENTERS NEW EXHIBIT, SPORTING INVENTION, AT THE NATIONAL MUSEUM OF AMERICAN HISTORY. 40,000
    SOCIETY FOR SCIENCE & THE PUBLIC
    1719 N STREET NW
    WASHINGTON,DC20036     		  PC TO DEVELOP A LEMELSON AWARD FOR INVENTION AT BROADCOM MASTERS AND INSPIRE YOUTH ON INVENTION THROUGH THE OF DISSEMINATION OF AGE-APPROPRIATE INVENTION MEDIA CONTENT. 335,876
    WILLIAM MARSH RICE UNIVERSITY
    6100 MAIN STREET MS 390 OSHMAN
    ENGINEERING DESIGN KITCHEN 107
    HOUSTON,TX77005     		  PC TO EXPAND A HIGH QUALITY INVENTION EDUCATION PROGRAM WITHIN MALAWI AND TANZANIA, AND TO DEVELOP AND DISSEMINATE GUIDELINES TO ENABLE OTHER INSTITUTIONS IN AFRICA TO LEARN FROM AND ADAPT BEST PRACTICES. 1,228,909
    Total .................................bullet 3b 3,790,280
    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
    aPRI INVESTMENT INCOME         17,872
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 611,549  
    4 Dividends and interest from securities....     14 3,540,404 28,492
    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.....     14 651,616  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 25,093 18 25,648,549  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSTATE TAX REFUND     		525990 19      
    bOTHER INCOME 525990 -175,169 01 -115  
    cDEFERRED TAX BENEFIT     01 780,000  
    dGRANT REFUNDS         84,072
    e
    12 Subtotal. Add columns (b), (d), and (e).. -150,057 31,232,003 130,436
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    31,212,382
    (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.)
    1A PROGRAM RELATED INVESTMENT INCOME
    4 TAX EXEMPT INTEREST
    11D RETURN OF PRIOR YEAR QUALIFYING DISTRIBUTIONS
    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)
    Yes
     
    (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
    1a(1) 174,760 TIE OREGON GRANT TO PROVIDE THE TIE YOUNG ENTREPRENEURS PROGRAM TO HIGH SCHOOL STUDENTS FROM UNDER-RESOURCED BACKGROUNDS IN OREGON AND TRAINING FOR EDUCATORS IN OREGON AND AT TIE CHAPTERS GLOBALLY.
    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 LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX AND ACCOUNTING FEES 159,983 56,021   84,612

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount
    THE FOUNDATION MADE AN EQUITY PROGRAM-RELATED INVESTMENT IN VILCAP INVESTMENTS, LLC TO ENABLE INVESTMENT IN INVENTION-BASED ENTERPRISES WITH A FOCUS ON SOLVING THE WORLD'S MOST PRESSING PROBLEMS IN AGRICULTURE, EDUCATION, ENERGY, AND FINANCIAL SERVICES. 119,065
    THE FOUNDATION MADE AN EQUITY PROGRAM-RELATED INVESTMENT AS A LIMITED PARTNER IN UNITUS SEED FUND, LP, TO HELP STARTUPS PREPARE FOR GROWTH BY PROVIDING THEM SEED FUNDING, STRATEGIC AND OPERATING SUPPORT, ACCESS TO INDUSTRY CONNECTIONS AND SECURING GROWTH CAPITAL. 120,000

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ANKUR INVESTMENTS LTD
          		UNIT 5 JETHA COMPOUND BYCULLA E
    MUMBAI   400027
    IN     		2016-07-27 700,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN ANKUR INVESTMENTS LTD. (THE "ANKUR FUND"), OF WHICH ANKUR FINCON MANAGEMENT PVT., LTD., IS THE INVESTMENT MANAGER, IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE ANKUR FUND. THE FOUNDATION'S INVESTMENT IN THE ANKUR FUND WILL BE USED TO ENABLE THE ANKUR FUND TO INVEST IN INNOVATIVE ENTERPRISES, INCLUDING INVENTION-BASED ENTERPRISES THAT PRODUCE TANGIBLE PRODUCTS, IN THE SEED STAGE THAT CAN EMPOWER THE POOR IN INDIA. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN THE ANKUR FUND. 700,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 8/16, 5/17, 6/17, 7/17, 11/17, 2/18, 7/18, 11/18, 2/19, 6/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    BIOSENSE TECHNOLOGIES PRIVATE LIMITED
          		LOKPURAM 304 JALTARANG THANE WEST
    MAHARASHTRA   400610
    IN     		2017-03-14 326,286 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN THE FORM OF A LOAN TO PROVIDE SUPPORT TO PILOT PICOLABS, LABS MADE MOBILE, AN ALTERNATIVE WAY OF DIAGNOSTIC PROCEDURES AT THE POINT OF CARE IN PHYSICIANS OFFICES, PRIMARY HEALTH CENTERS, AND INTENSIVE CARE UNITS FOR THE LARGELY UNDERSERVED POOR POPULATIONS IN INDIA. THE PROMISSORY NOTE FROM BIOSENSE TO THE FOUNDATION REMAINS OUTSTANDING. 326,286 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 2/21/18, 2/22/19, 5/3/19, 5/20/19, 6/27/19, 7/10/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    ECO
          		PERSISTENT ENERGY PARTNERS LLC C/O
    WEIL GOTSHAL MANGES LLP 767 FIFTH A
    NEW YORK,NY10153     		2007-11-19 400,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT LOAN TO E+CO IN 2006 TO SUPPORT THE DEVELOPMENT OF SMALL-TO-MEDIUM SIZED ENTERPRISES IN ORDER TO DISSEMINATE SOLAR ENERGY SYSTEMS TO RURAL POOR PEOPLE IN TANZANIA. IN 2012, E+CO WAS RESTRUCTURED (DESCRIBED MORE FULLY ON THE FOUNDATIONS 2012 FORM 990-PF), THE RESULTS OF WHICH INCLUDED THE FOLLOWING: CREDITORS RECEIVED A PROJECTED $4 MILLION UPON RESTRUCTURING OR APPROXIMATELY $0.16 ON THE DOLLAR. THE FOUNDATION RECEIVED $88,800.01 FROM THE INITIAL DISBURSEMENT OF CASH. E+CO CONTRIBUTED ITS PRIMARY INVESTMENT ASSETS TO THE FOLLOWING THREE ENTITIES (THE "LLCS"): PERSISTENT ENERGY PARTNERS FUND, LLC ("PERSISTENT ENERGY"), NON-CORE LIQUIDATION, LLC ("NON-CORE"), AND OUTSOURCED ASSETS, LLC ("OUTSOURCED") ASSETS TO BE MANAGED BY THIRD PARTIES AND TO BE LIQUIDATED. THE FOUNDATION AGREED TO THE RESTRUCTURING AND EXCHANGED ITS E+CO DEBT FOR AVAILABLE CASH AND 1.586% OWNERSHIP OF EACH OF THE LLCS. THE FOUNDATION HOLDS NO FURTHER OWNERSHIP IN E+CO. 400,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 12/12, 12/13, 12/14, 12/15, 12/16, 12/17, 12/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER INFORMATION: IN 2013, THE FOUNDATION RECEIVED CASH DISTRIBUTIONS IN THE AMOUNT OF $15,020 FROM E+CO. FROM 2013-2017, THE FOUNDATION ALSO RECEIVED CASH DISTRIBUTIONS IN THE AGGREGATE AMOUNT OF (I) $27,691.03 FROM PERSISTENT ENERGY; (II) $75,681.63 FROM OUTSOURCED; AND (III) $21,960.81 FROM NON-CORE; NON-CORE WAS LIQUIDATED IN ITS ENTIRETY IN 2017. IN 2018, THE FOUNDATION RECEIVED CASH DISTRIBUTIONS IN THE AMOUNTS OF $2,235 FROM PERSISTENT ENERGY, AND $0 FROM OUTSOURCED. AS OF 12/31/18, THE FOUNDATION HELD A CAPITAL ACCOUNT IN OUTSOURCED FOR - $45,052.
    GEARBOX FOUNDATIONGEARBOX LIMITED
          		2323 BROADWAY
    OAKLAND,CA97612     		2018-10-02 73,000 TO SUPPORT A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. 73,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 10/15/18, 12/14/18, 12/20/18, 3/21/19, 3/22/19, 4/24/19, 5/6/19, 12/19/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    GEARBOX FOUNDATIONGEARBOX LIMITED
          		AVON CENTRE ENTERPRISE ROAD
    NAIROBI   58275-00200
    KE     		2018-02-02 295,241 TO MAKE MANUFACTURING IN KENYA MORE AFFORDABLE AND SUPPORT A PATH FOR KENYAN HARDWARE INVENTORS BY OFFERING THE TRAINING, FACILITIES AND NETWORK FOR THEM TO DESIGN AND DEVELOP PRODUCTS TO IMPROVE THE LIVES OF KENYANS. 295,241 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/16/18, 7/20/18, 4/24/19, 4/25/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    GEARBOX FOUNDATIONGEARBOX LIMITED
          		AVON CENTRE ENTERPRISE ROAD
    NAIROBI   58275-00200
    KE     		2017-09-21 165,000 TO SUPPORT A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. 165,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 2/5/18, 3/7/18, 4/24/19, 4/25/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION
          		CARE CORPORATE SERVICES COMPANY 251
    LITTLE FALLS DRIVE
    WILMINGTON,DE19808     		2018-09-27 13,392 TO PROVIDE LEGAL AND ACCOUNTING FEES ASSOCIATED WITH THE GRANTEE'S APPLICATION TO THE INTERNAL REVENUE SERVICE FOR RECOGNITION AS A PUBLIC CHARITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WHICH WILL ALLOW THE GRANTEE TO FURTHER ITS MISSION OF SUPPORTING IMPACTFUL AND INNOVATIVE INVENTION-BASED SOCIAL ENTERPRISES ALL ACROSS THE DEVELOPING WORLD. 13,392 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 11/2/18, 4/10/19, 4/15/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    INNACCEL TECHNOLOGIES PRIVATE LIMITED
          		4 5TH FLOOR AANAND TOWERS RAJA
    RAMMOHAN ROY RD NEAR RICHMOND CIR
    BANGALORE,SAMPANGIRAMANAGAR560025
    IN     		2017-02-28 326,915 TO CREATE AND PUBLICLY DISSEMINATE A VALIDATED DATABASE OF CRITICAL UNMET NEEDS FOR MEDICAL DEVICE TECHNOLOGIES SERVING LOW RESOURCE POPULATIONS IN INDIA. 326,915 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 9/25/17, 5/4/18, 10/30/18, 4/30/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    INSTITUT PERTANIAN BOGOR
          		GEDUNG REKTORAT IPB LANTAI 5 KAMPUS
    IPB DARMAGA BOGOR
    BOGOR   16680
    ID     		2016-04-26 133,376 TO CONTINUE SUPPORT OF THE STUDENT INVENTION AND ENTREPRENEURSHIP PROGRAM. 133,376 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 8/16, 10/16, 1/17, 5/17, 2/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    INSTITUT PERTANIAN BOGOR
          		GEDUNG REKTORAT IPB LANTAI 5 KAMPUS
    IPB DARMAGA BOGOR
    BOGOR   16680
    ID     		2014-12-12 327,023 TO CONTINUE SUPPORT OF THE STUDENT INVENTION AND ENTREPRENEURSHIP PROGRAM. 327,023 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 1/15, 6/15, 8/15, 2/16, 8/16, 10/16, 1/17, 5,17, 2/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.OTHER INFORMATION: THE GRANTEE RETURNED $562.00 OF THE ORIGINAL GRANT AMOUNT TO THE FOUNDATION.
    KENYA IMPACT INCUBATOR LTD
          		PO BOX 55148-00200
    NAIROBI    
    KE     		2015-04-01 174,405 TO SUPPORT BUILDING A PIPELINE OF HEALTH-FOCUSED INVENTION-BASED ENTERPRISES IN EAST AFRICA, SUCCESSFULLY REPLICATING VILLGRO INDIA'S SOCIAL BUSINESS INCUBATOR MODEL. 174,405 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 9/4/15, 4/1/16, 10/3/16, 4/2/17, 5/11/17, 4/18/18, 5/1/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2017-04-06 68,489 TO SUPPORT BUSINESS INCUBATION ACTIVITIES, FOCUSED ON BUILDING A PIPELINE OF SCALABLE INVENTION-BASED ENTERPRISES THAT ADDRESS UNMET HEALTH NEEDS FOR LOW RESOURCE POPULATIONS IN KENYA AND THROUGHOUT EAST AFRICA. 68,489 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 11/3/17, 2/27/18, 5/7/18, 6/5/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2017-06-20 191,736 TO SUPPORT BUSINESS INCUBATION ACTIVITIES, FOCUSED ON BUILDING A PIPELINE OF SCALABLE INVENTION-BASED ENTERPRISES THAT ADDRESS UNMET HEALTH NEEDS FOR LOW RESOURCE POPULATIONS IN KENYA AND THROUGHOUT EAST AFRICA. 191,736 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 1/3/18, 5/7/18, 6/4/18, 6/11/18, 7/1/18, 7/23/18, 1/7/19, 2/8/19, 4/30/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2018-06-20 214,164 TO SUPPORT BUSINESS INCUBATION ACTIVITIES, FOCUSED ON BUILDING A PIPELINE OF SCALABLE INVENTION-BASED ENTERPRISES THAT ADDRESS UNMET HEALTH NEEDS FOR LOW RESOURCE POPULATIONS IN KENYA AND THROUGHOUT EAST AFRICA. 193,201 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/1/18, 7/23/18, 1/7/19, 2/8/19, 4/30/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    MENTERRA SOCIAL IMPACT FUND 1
          		638 7TH CROSS 11TH MAIN HAL STAGE
    II INDIRA NAGAR
    BANGALORE   560038
    IN     		2017-10-02 1,350,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN MENTERRA SOCIAL IMPACT FUND 1, AN INDIAN ALTERNATIVE INVESTMENT FUND - SOCIAL VENTURE FUND (THE "MENTERRA FUND"), IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE MENTERRA FUND. THE FOUNDATION'S INVESTMENT IN THE FUND WILL BE USED FOR INVESTMENT IN EARLY-STAGE, INVENTION-LED ENTERPRISES WITH A FOCUS ON SOCIAL IMPACT IN INDIA, THROUGH PRODUCT INNOVATION, TARGETING THE EDUCATION, HEALTHCARE, ENERGY, AND AGRICULTURE SECTORS. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN THE MENTERRA FUND. 1,350,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 12/14/17, 2/21/18, 5/23/18, 7/13/18, 7/18/18, 7/25/18, 8/2/18, 8/24/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NANTSOUND INC (FOMERLY CONVERSION SOUND LLC)
          		7641 TERRACE DRIVE
    EL CERRITO,CA94530     		2009-07-01 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN CONVERSION SOUND, LLC (THE "LLC"), BY PURCHASING LIMITED LIABILITY COMPANY UNITS OF THE LLC IN ORDER TO PROVIDE THE LLC WITH WORKING CAPITAL TO FUND HARDWARE AND SOFTWARE ENGINEERING NECESSARY TO BUILD A PRODUCTION-READY PROTOTYPE OF A LOW-COST HEARING AID. IN 2010, THE LLC CONVERTED FROM A LIMITED LIABILITY COMPANY TO A C CORPORATION, AND IS NOW KNOWN AS NANTSOUND INC. (THE "CORPORATION"). IN EXCHANGE FOR ITS LIMITED LIABILITY COMPANY UNITS IN THE LLC, THE FOUNDATION RECEIVED SHARES OF THE CORPORATION AT THE TIME OF THE CONVERSION. THE FOUNDATION CONTINUES TO OWN THE SHARES OF THE CORPORATION. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/10, 3/11, 4/11, 9/12, 4/13, 3/14, 4/15, 5/16, 9/16, 2/17, 2/18, 2/19, 6/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2012-11-05 120,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO., LTD. ("NORLHA"), BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED ("NORBU") FOR THE PURPOSES OF OPERATING A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU TO DISTRIBUTE YAK WOOL PRODUCTS IN CHINA. THE PROMISSORY NOTE FROM NORBU TO THE FOUNDATION REMAINS OUTSTANDING. 120,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/13, 1/14, 3/14, 1/15, 3/15, 4/15, 7/15, 3/16, 3/17, 3/18, 3/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2012-05-31 182,257 THE FOUNDATION AGREED TO TRANSFER A 5/24/2012 RECOVERABLE GRANT TOTALING $50,000 MADE TO SAMBOTHA, INC., TO GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO., LTD. ("NORLHA") AND ITS PARENT, NORBU LIMITED ("NORBU"), INCLUDING ACCRUED INTEREST TOTALING $2,257, AS A LOAN TO NORBU AND NORLHA. THE PURPOSE OF THE LOAN IS TO OPERATE A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU AND TO DISTRIBUTE YAK WOOL PRODUCTS IN CHINA. THE PROMISSORY NOTE FROM NORBU TO THE FOUNDATION REMAINS OUTSTANDING. 182,257 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/13, 1/14, 3/14, 1/15, 3/15, 4/15, 7/15, 3/16, 3/17, 3/18, 3/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2013-07-29 300,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO., LTD. ("NORLHA") BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED ("NORBU") FOR THE PURPOSES OF (I) MAKING CAPITAL EXPENDITURES NECESSARY FOR NORLHA TO OPERATE A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, INCLUDING EMPLOYING AND TRAINING LOCAL PEOPLE IN NORTHWEST CHINA (THE "WORKSHOP"), AND (II) CONTRIBUTING AS REGISTERED CAPITAL TO NORLHA FOR NORLHA TO MAKE CAPITAL EXPENDITURES NECESSARY TO OPERATE THE WORKSHOP, THEREBY STIMULATING THE ECONOMY OF THE TIBETAN PLATEAU. THE PROMISSORY NOTE FROM NORBU TO THE FOUNDATION REMAINS OUTSTANDING. 300,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/14, 10/14, 3/15, 5/15, 7/15, 11/15, 3/16, 11/16, 3/17, 3/18, 3/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2014-10-15 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO, LTD., BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED ("NORBU") TO PROVIDE CASH FLOW REQUIRED FOR THE ONGOING OPERATION OF A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, PROVIDING EMPLOYMENT AND TRAINING OF LOCAL PEOPLE OF NORTHWEST CHINA, THEREBY STIMULATING THE LOCAL ECONOMY. THE PROMISSORY NOTE FROM NORBU TO THE FOUNDATION REMAINS OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15, 7/15, 11/15, 3/16, 3/17, 3/18, 3/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2015-09-23 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO, LTD. ("NORLHA"), BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED ("NORBU") TO PROVIDE CASH FLOW REQUIRED FOR THE ONGOING OPERATION OF A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, PROVIDING EMPLOYMENT AND TRAINING OF LOCAL PEOPLE OF NORTHWEST CHINA, THEREBY STIMULATING THE LOCAL ECONOMY. THE PROMISSORY NOTE FROM NORBU TO THE FOUNDATION REMAINS OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15, 7/15, 11/15, 3/16, 3/17, 3/18, 3/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2015-05-06 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO, LTD. ("NORLHA"), BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED ("NORBU") TO PROVIDE CASH FLOW REQUIRED FOR THE ONGOING OPERATION OF A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, PROVIDING EMPLOYMENT AND TRAINING OF LOCAL PEOPLE OF NORTHWEST CHINA, THEREBY STIMULATING THE LOCAL ECONOMY. THE PROMISSORY NOTE FROM NORBU TO THE FOUNDATION REMAINS OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15, 7/15, 11/15, 3/16, 3/17, 3/18, 3/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    PROMETHEAN POWER SYSTEMS INC
          		28 DANE STREET
    BOSTON,MA02143     		2015-03-25 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT LOAN TO PROMETHEAN POWER SYSTEMS, INC., FOR CASH FLOW SUPPORT FOR EFFORTS TO REACH SMALL DAIRIES AND DAIRY FARMERS IN ORDER TO COMMISSION NEW MILK CHILLERS IN RURAL INDIA, MAINTAIN MILK CHILLERS IN THE FIELD, AND THE ASSOCIATED EXPENSES OF ENSURING FARMERS ARE TRAINED WHICH WILL IMPROVE THE LIVELIHOODS FOR DAIRY FARMERS WITH LIMITED INCOMES, CREATE "WEALTH," IMPROVE ANIMAL HUSBANDRY PRACTICES, AND REDUCE THE INCIDENCE OF MILK-BORNE DISEASE TRANSMITTED BY SPOILED MILK. THE PROMISSORY NOTE FROM PROMETHEAN POWER SYSTEMS, INC., TO THE FOUNDATION REMAINS OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 4/27/16, 5/1/17, 4/10/19, 4/30/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    SELCO SOLAR LIGHT PVT LTD
          		742 15TH CROSS 6TH PHASE JP NAGAR
    BANGALORE,KA560 078
    IN     		2008-12-23 350,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN SELCO SOLAR LIGHT PVT. LTD ("SELCO") BY PURCHASING EQUITY SHARES OF SELCO, THE PROCEEDS OF WHICH ARE TO BE USED BY SELCO TO PROVIDE RELIABLE ENERGY SERVICES TO 200,000 HOUSEHOLDS IN A SUSTAINABLE WAY AND TO HELP CREATE MODELS FOR POVERTY ALLEVIATION THROUGH COMMERCIAL CHANNELS. THE FULL AMOUNT OF THE PROCEEDS FROM THE FOUNDATION'S INVESTMENT IS BEING USED FOR THE PURPOSES OF THE FOUNDATION'S INVESTMENT. THE FOUNDATION CONTINUES TO OWN THE EQUITY SHARES OF SELCO. 350,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/09, 7/10, 7/11, 8/11, 7/12, 8/13, 8/14, 8/15, 9/16, 8/17, 10/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    SELCO SOLAR LIGHT PVT LTD
          		742 15TH CROSS 6TH PHASE JP NAGAR
    BANGALORE,KA560 078
    IN     		2009-06-16 250,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN SELCO SOLAR LIGHT PVT. LTD. ("SELCO") INITIALLY BY PROVIDING A LOAN TO SELCO (THE "LOAN") FOR SELCO TO USE TO FUND A PROJECT TO REACH 200,000 HOUSEHOLDS WITH SOLUTIONS FOR THEIR ENERGY REQUIREMENTS, THEREBY IMPROVING THEIR STANDARD OF LIVING. ON 6/17/2011, THE LOAN WAS SATISFIED IN FULL WITH THE ISSUANCE OF ADDITIONAL EQUITY SHARES IN SELCO TO THE FOUNDATION (HELD BY THE FOUNDATION AS A PROGRAM-RELATED INVESTMENT), THE PROCEEDS OF WHICH ARE TO BE USED BY SELCO FOR THE SAME PURPOSES AS THE LOAN. 250,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/10, 5/11, 8/11, 7/12, 7/13, 8/13, 8/14, 8/15, 9/16, 8/17, 10/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TEAMFUND LP
          		440 PARK AVE S 3
    NEW YORK,NY10016     		2018-10-10 500,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN TEAMFUND, LP ("TEAMFUND"), A WHOLLY-OWNED SUBSIDIARY OF THE NON-PROFIT TEAMFUND, INC, IN THE FORM OF PURCHASING AN EQUITY INTEREST IN TEAMFUND. THE FOUNDATION'S INVESTMENT IN TEAMFUND WILL BE USED TO IMPROVE THE LIVES OF LOW-RESOURCE, UNDERSERVED POPULATIONS IN DEVELOPING COUNTRIES BY INCREASING ACCESS TO AFFORDABLE, APPROPRIATE, AND SUSTAINABLE MEDICAL TECHNOLOGIES THAT EFFECTIVELY ADDRESS PRIORITY UNMET CLINICAL NEEDS. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN TEAMFUND. 500,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 4/2/19, 4/5/19, 7/2/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TIE OREGON
          		PO BOX 91042
    PORTLAND,OR97291     		2015-10-22 115,958 TO DEVELOP CURRICULA AND ACTIVITIES FOR A SERIES OF AFTERSCHOOL SEMINARS AS PART OF THE TIE ENTREPRENEURS PROGRAM. 115,958 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 2/16, 7/16, 1/17, 1/18, 3/18, 4/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TIE OREGON
          		PO BOX 91042
    PORTLAND,OR97291     		2017-01-17 44,042 TO DEVELOP CURRICULA AND ACTIVITIES FOR A SERIES OF AFTERSCHOOL SEMINARS AS PART OF THE TIE YOUNG ENTREPRENEURS PROGRAM. 44,042 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 1/18, 3/18, 4/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TIE OREGON
          		PO BOX 91042
    PORTLAND,OR97291     		2017-10-31 174,460 TO PROVIDE THE TIE YOUNG ENTREPRENEURS PROGRAM TO HIGH SCHOOL STUDENTS FROM UNDER-RESOURCED BACKGROUNDS IN OREGON AND TRAINING FOR EDUCATORS IN OREGON AND AT TIE CHAPTERS GLOBALLY. 174,460 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/18, 7/18, 2/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TIE OREGON
          		PO BOX 91042
    PORTLAND,OR97291     		2018-08-09 174,460 TO PROVIDE THE TIE YOUNG ENTREPRENEURS PROGRAM TO HIGH SCHOOL STUDENTS FROM UNDER-RESOURCED BACKGROUNDS IN OREGON AND TRAINING FOR EDUCATORS IN OREGON AND AT TIE CHAPTERS GLOBALLY. 174,460 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 2/19, 7/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    UNITUS SEED FUND LP
          		220 2ND AVENUE SUITE 201
    SEATTLE,WA98104     		2014-10-23 821,898 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT AS A LIMITED PARTNER IN UNITUS SEED FUND, L.P., A CAYMAN ISLANDS EXEMPTED LIMITED PARTNERSHIP (THE "FUND"), IN THE FORM OF A CAPITAL COMMITMENT TO THE FUND. THE FOUNDATION'S INVESTMENT IN THE FUND WILL BE USED FOR INVESTMENT IN BUSINESSES THAT SERVE LARGE, UNDERSERVED BASE-OF-THE-PYRAMID POPULATIONS TO DELIVER BENEFITS SUCH AS IMPROVED INCOME LEVELS, IMPROVED EDUCATION OUTCOMES, AND IMPROVED ACCESS TO AFFORDABLE, QUALITY PRODUCTS AND SERVICES. THE FOUNDATION CONTINUES TO OWN ITS LIMITED PARTNERSHIP INTERESTS IN THE FUND. 821,898 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15, 10/15, 2/16, 5/16, 3/17, 3/18, 6/18, 5/19, 8/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    VENTUREAST FUND ADVISORS (INDIA) PRIVATE LIMITEDVENTUREAST TENET II FUND
          		5B RAMACHANDRA AVE SEETHAMMAL
    COLONY FIRST MAIN ROAD
    CHENNAI   600 018
    IN     		2012-06-26 720,623 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN THE VENTUREAST TENET II FUND, AN INDIAN VENTURE CAPITAL FUND FOCUSED ON DEVELOPING TECHNOLOGY COMPANIES TO ADDRESS THE NEEDS OF PEOPLE IN RURAL INDIA. THE FOUNDATIONS INVESTMENT WILL SPECIFICALLY DRIVE INVESTMENTS IN COMPANIES BENEFITING PEOPLE LIVING IN POVERTY. THE FULL AMOUNT OF THE PROCEEDS FROM THE FOUNDATION'S INVESTMENT IS BEING USED FOR PURPOSES OF THE FOUNDATION'S INVESTMENT. THE FOUNDATION CONTINUES TO OWN THE INTEREST IN THE FUND. 720,623 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 2/13, 6/13, 6/14, 8/14, 11/14, 8/15, 9/15, 2/16, 6/16, 9/16, 8/17, 8/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER INFORMATION: THE GRANT AMOUNT IS THE AMOUNT OF THE GRANT PAID, NET OF ANY DISTRIBUTIONS RECEIVED BY THE FOUNDATION FROM THE GRANTEE.
    VILCAP INVESTMENTS LLC
          		212 SUTTER STREET 2ND FLOOR
    SAN FRANCISCO,CA94108     		2016-07-06 591,019 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN VILCAP INVESTMENTS, LLC (THE "VILCAP FUND"), IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE VILCAP FUND. THE FOUNDATIONS INVESTMENT IN THE VILCAP FUND WILL BE USED TO ENABLE THE VILCAP FUND TO INVEST IN INVENTION-BASED ENTERPRISES WITH A FOCUS ON SOLVING THE WORLDS MOST PRESSING PROBLEMS IN AGRICULTURE, EDUCATION, ENERGY, FINANCIAL SERVICES. THE FOUNDATION CONTINUES TO OWN EQUITY INTERESTS IN THE VILCAP FUND. 591,019 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/17, 5/18, 8/18, 4/19, 5/19, 8/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER INFORMATION: THE GRANT AMOUNT IS THE AMOUNT OF THE GRANT PAID, NET OF ANY RETURNS OF CAPITAL RECEIVED BY THE FOUNDATION FROM THE GRANTEE.
    YAYASAN INOVASI TEKNOLOGI
          		JL JENGGALA II NO9 KEBAYORAN BARU
    JAKARTA   12110
    ID     		2017-06-07 7,488 TO BE USED TO INCUBATE AND LAUNCH HIGH-IMPACT, HIGHLY SCALABLE, INVENTION-BASED ENTERPRISES IN INDONESIA THAT IMPROVE LIVES OF THE POOR. NOTE: THE GRANTEE RETURNED UNEXPENDED FUNDS FOR A TOTAL OF $66,812 TO THE FOUNDATION ON 2/28/2018. 7,488 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 9/17, 10/17, 1/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    YAYASAN INOVASI TEKNOLOGI
          		JL JENGGALA II NO9 KEBAYORAN BARU
    JAKARTA   12110
    ID     		2016-11-01 229,247 TO BE USED TO INCUBATE AND LAUNCH HIGH-IMPACT, HIGHLY SCALABLE, INVENTION-BASED ENTERPRISES IN INDONESIA THAT IMPROVE LIVES OF THE POOR. 229,247 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 1/17, 9/17, 10/17, 1/18   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.

    TY 2018 GeneralExplanationAttachment
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Identifier Return Reference Explanation
      FORM 990-PF, PART VIII, LINE 1 ADDENDUM TO STATEMENT 13NAME TITLE======================== ========================================= DOROTHY LEMELSON CHAIR OF THE BOARD, PRESIDENT, AND DIRECTOR (THRU 05/2018)ERIC LEMELSON VICE PRESIDENT, TREASURER, ASSISTANT SECRETARY, AND DIRECTORROBERT LEMELSON VICE PRESIDENT (THRU 06/2018) SECRETARY, ASSISTANT TREASURER, CHAIR OF THE BOARD, PRESIDENT, AND DIRECTORCAROL DAHL EXECUTIVE DIRECTOR AND ASSISTANT SECRETARY PHILIP J. VARNUM CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER AND ASSISTANT TREASURERTHE LEMELSON FOUNDATION PURCHASES DIRECTORS AND OFFICERS' LIABILITY INSURANCE THAT PROVIDES COVERAGE TO BOTH THE FOUNDATION AND ITS DIRECTORS AND OFFICERS. WHILE A PORTION OF THE PREMIUM MAY BE REGARDED AS COMPENSATION TO DIRECTORS AND OFFICERS, THE COMPENSATORY PORTION ALLOCABLE TO ANY ONE INDIVIDUAL IS DE MINIMIS.
    PAGE 6, PART VII-B, LINE 5(C) EXPENDITURE RESPONSIBILITY STATEMENTS IT IS THE FOUNDATION'S POLICY THAT NO FURTHER PAYMENTS WILL BE MADE TO ANY GRANTEE UNTIL ALL OUTSTANDING REPORTS ARE RECEIVED. THE FOUNDATION HAS DETERMINED THAT FOR THOSE GRANTEES NO LONGER IN EXISTENCE AND WHO HAVE NOT PROVIDED TIMELY REPORTS, FURTHER ACTIONS WITH RESPECT TO THE GRANTS WOULD BE FUTILE. IN OTHER CASES, THE FOUNDATION HAS MADE REASONABLE EFFORTS TO NOTIFY THE GRANTEES THAT THEY ARE IN VIOLATION OF THEIR GRANT AGREEMENTS AND THAT GRANT FUNDS ARE REQUIRED TO BE RETURNED TO THE FOUNDATION. IN THOSE CASES, THE FOUNDATION HAS ALSO MADE REASONABLE ADDITIONAL INQUIRIES WITH RESPECT TO THE RETURN OF THE GRANT FUNDS AND HAS BEEN UNABLE AS OF YET TO SECURE SUCH RETURN. THE FOUNDATION HAS DETERMINED THAT LEGAL ACTION WITH RESPECT TO THESE GRANT FUNDS WOULD IN ALL PROBABILITY NOT RESULT IN THE SATISFACTION OF EXECUTION ON A JUDGMENT, AND THAT THE EXPENSE OF LEGAL ACTION WOULD NOT BE JUSTIFIED BY THE LIKELY RESULTS. FOR EACH GRANTEE WITH DELINQUENT REPORTS, EXPENDITURE RESPONSIBILITY STATEMENTS ARE INCLUDED IN THE FOUNDATION'S FORM 990-PF FOR THE YEAR OF EACH INITIAL GRANT PAYMENT THROUGH THE LAST YEAR IN WHICH ANY REPORT IS RECEIVED, AND THREE SUBSEQUENT YEARS. THEREAFTER, SUCH GRANTEES ARE EXCLUDED FROM THE FORM 990-PF AND FURTHER PAYMENTS WILL NOT BE MADE TO SUCH GRANTEES. NO GRANTEES QUALIFIED FOR THE EXCLUSION IN 2018.DEFINITIONS OF TERMS USED IN THE EXPENDITURE RESPONSIBILITY STATEMENTS: "GRANT AMOUNT" = TOTAL PAYMENTS MADE ON THE GRANT TO THE GRANTEE THROUGH THE END OF THE REPORTING DATE ON THE FORM 990-PF. "DATE OF GRANT" = THE DATE OF THE INITIAL GRANT PAYMENT. "VERIFICATION DATE" = THE DATE OF ANY INDEPENDENT VERIFICATION OF A GRANT REPORT. THE FIELD IS BLANK IF NO INDEPENDENT VERIFICATION OF ANY REPORTS FROM THE GRANTEE WAS MADE AS A RESULT OF THE FOUNDATION HAVING NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. "DATES OF REPORTS BY GRANTEE" = THE DATES THE REPORTS ARE RECEIVED BY THE FOUNDATION. AN EXPENDITURE RESPONSIBILITY STATEMENT FOR A GRANT CONTINUES TO BE INCLUDED UNTIL ALL REPORTS HAVE BEEN APPROVED BY THE FOUNDATION, SUBJECT TO THE STATEMENT ABOVE AS TO GRANTEES WITH DELINQUENT REPORTS.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BRECKINRIDGE 12,874,938 12,874,938
    STANDISH MELLON ASSET MGMT 3,611,749 3,611,749

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APERIO MANAGED ACCOUNT 35,126,176 35,126,176

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    889,764
    State & Local Government Securities - End of Year Fair Market Value:


    889,764


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCION FRONTIER FUND FMV 1,018,502 1,018,502
    ACM FUND II LLC FMV 2,029,818 2,029,818
    ADAGE CAPITAL PARTNERS FMV 35,665,458 35,665,458
    AKO GLOBAL FUND LIMITED FMV 9,553,585 9,553,585
    ARDSLEY PARTNERS FMV 7,058,524 7,058,524
    BRANDYWINE PRIVATE EQUITY PARTNERS 2005 FMV 2,239,045 2,239,045
    BRANDYWINE PRIVATE EQUITY PARTNERS 2006 FMV 1,103,784 1,103,784
    BRANDYWINE PRIVATE EQUITY PARTNERS 2007 FMV 2,507,339 2,507,339
    BRANDYWINE PRIVATE EQUITY PARTNERS 2008 FMV 1,651,349 1,651,349
    BRANDYWINE PRIVATE EQUITY PARTNERS 2009 FMV 1,158,160 1,158,160
    BROOKSIDE CAPITAL PARTNERS LP FMV 1,109,805 1,109,805
    CEDAR ROCK CAPITAL PARTNERS LLP FMV 12,029,492 12,029,492
    COLCHESTER GLOBAL BOND FUND FMV 13,770,987 13,770,987
    COMMONFUND CAPITAL INT'L PTRS III FMV 234,229 234,229
    COMMONFUND CAPITAL INT'L PTRS IV FMV 237,515 237,515
    COMMONFUND CAPITAL INT'L PTRS V FMV 445,855 445,855
    COMMONFUND CAPITAL INT'L PTRS VI FMV 796,603 796,603
    ELEVAR FMV 1,110,341 1,110,341
    FARALLON CAPITAL INSTITUTIONAL PTRS LP FMV 1,463,430 1,463,430
    FOREFRONT ANALYTICS FMV 21,514,732 21,514,732
    GENERATION IM CLIMATE SOLUTIONS US LP FMV 82,828 82,828
    GENERATION IM GLOBAL EQUITY FUND FMV 34,944,613 34,944,613
    GLOBAL IMPACT ACCESS PARTNERSHIP, LP FMV 521,303 521,303
    GREENSPRING FMV 2,813,379 2,813,379
    LOGAN CIRCLE FMV 4,716,490 4,716,490
    LONE CASCADE, LP FMV 13,705,757 13,705,757
    LEMELSON MEDICAL, EDUCATION & RESEARCH FOUNDATION, L.P. FMV 951,137 951,137
    LYME FOREST FUND IV FMV 4,169,896 4,169,896
    MASON CAPITAL FMV 10,229,998 10,229,998
    PMF INTEGRO FUND FMV 1,361,720 1,361,720
    MULTI INSIGHT SOLUTION OFFSHORE FMV 6,255,787 6,255,787
    MUZINICH FMV 13,740,185 13,740,185
    PORTFOLIO ADVISORS FMV 4,056,322 4,056,322
    ROCKPORT CAPITAL PARTNERS III, LP FMV 880,845 880,845
    ROSE AFFORDABLE HOUSING FMV 3,661,217 3,661,217
    SILCHESTER INTERNATIONAL INVESTORS, LP FMV 27,281,066 27,281,066
    SNW ASSET MGMT MUNI FMV 9,739,430 9,739,430
    SOSV ACCELERATOR VS FMV 5,580,667 5,580,667
    VENTURE INVESTMENT ASSOCIATES IV LP FMV 1,010,370 1,010,370
    VENTURE INVESTMENT ASSOCIATES V FMV 2,542,766 2,542,766
    VENTURE INVESTMENT ASSOCIATES VI FMV 3,769,461 3,769,461
    WASTEWATER OPPORTUNITY FUND FMV 1,687,523 1,687,523
    WELLINGTON SPINDRIFT PARTNERS FMV 2,753 2,753
    WESTWOOD GLOBAL INVESTMENTS EMERGING MARKETS FUND FMV 14,726,970 14,726,970

    TY 2018 LandEtcSchedule2
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EQUIPMENT 247,348 247,348 0  
    FURNITURE & FIXTURES 153,164 107,009 46,155 46,155
    LEASEHOLD IMPROVEMENTS 891,026 122,515 768,511 768,511


    TY 2018 LegalFeesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 259,185 64,796   194,522


    TY 2018 OtherAssetsSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NORBU LIMITED-PRI 902,257 902,257 902,257
    UNITUS SEED FUND, LP-PRI 701,898 821,898 821,898
    ANKUR INVESTMENTS LTD.-PRI 700,000 700,000 700,000
    VENTUREAST-TENET II FUND-PRI 694,899 694,899 694,899
    SELCO SOLAR LIGHT PVT. LTD-PRI 600,000 600,000 600,000
    MENTERRA SOCIAL IMPACT FUND 1-PRI 500,000 1,350,000 1,350,000
    VILCAP INVESTMENTS, LLC-PRI 471,955 591,019 591,019
    BIOSENSE MARSALA BONDS - PRI 326,286 326,286 326,286
    NANTSOUND INC.-PRI 100,000 100,000 100,000
    PROMETHEAN POWER SYSTEMS, INC.-PRI 100,000 100,000 100,000
    OUTSOURCED ASSETS, LLC-PRI 53,420 101,960 101,960
    NON-CORE LIQUIDATION, LLC-PRI 24,317 0 0
    PERSISTENT ENERGY PARTNERS FUND, LLC-PRI 24,223 0 0
    TEAMFUND, LP-PRI 0 500,000 500,000
    EMPLOYEE ADVANCES 1,524 0 0


    TY 2018 OtherDecreasesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Amount
    UNREALIZED GAIN/(LOSS) ON INVESTMENTS 39,037,942


    TY 2018 OtherExpensesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES & EQUIPMENT 90,177 0   91,481
    INSURANCE 12,595 0   12,886
    NETWORK ADMINISTRATION & IT SUPPORT 88,884 0   88,884
    BANK & CUSTODY FEES 45,192 45,192   0
    PROFESSIONAL DEVELOPMENT 10,246 0   10,246
    POSTAGE & SHIPPING 7,489 0   7,489
    OFFICE EXPENSES 8,850 0   8,850
    FOUNDATION CONNECT EXPENSES 3,843 0   3,843
    ACCOUNTING SYSTEM ANNUAL MAINTENANCE 73,191 0   73,191
    INVESTMENT DEDUCTIONS FROM ALTERNATIVE INVESTMENTS 0 3,113,100   0
    DESIGN SERVICES 7,921 0   8,908
    OTHER EXPENSES 0 0   1,239
    GRANTEE EVALUATION 44,900 0   44,900
    ENGAGING THE YOUTH AUDIENCE 3,000 0   3,000
    LINKING THE LEMELSON FOUNDATION NETWORK 67,626 0   67,626
    DOCUMENTING THE CURRENT IMPACT OF INVENTING 12,500 0   12,500


    TY 2018 OtherIncomeSchedule2
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME (LOSS) FROM ALTERNATIVE INVESTMENTS 476,447 90,051 476,447
    951A INCOME 0 51,822 0
    PRI INVESTMENT INCOME 17,872 17,872 17,872
    STATE TAX REFUND 19   19
    OTHER INCOME -115 0 -175,284
    DEFERRED TAX BENEFIT 780,000   780,000
    GRANT REFUNDS 84,072   84,072


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAXES 2,105,869 1,782,060


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 4,027,190 4,027,190   0
    WEBSITE CONSULTING FEES 123,865 0   88,540
    RECOGNITION & MENTORING PROGRAM EVALUATIONS 64,101 0   64,101
    EMPLOYEE SEARCH FEES 69,645 0   69,645
    ADVISORY COMMITTEE STIPENDS 35,000 0   35,000
    COMMUNICATIONS CONSULTING FEES 503,158 0   531,908
    PROGRAM CONSULTING FEES 401,134 0   393,368
    STRATEGIC CONSULTING FEES 26,221 0   11,221
    OTHER CONSULTANTS 91,150 0   91,150


    TY 2018 TaxesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE AND INCOME TAX 506,166 0   0
    FOREIGN TAXES 0 353,378   0
    INDIA TAXES 1,990 0   1,990
    STATE & LOCAL TAXES 3,515 0   2,650