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
RAYNIER INSTITUTE & FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)501 SILVERSIDE ROAD NO 123
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198091377
A Employer identification number

91-1644205
B Telephone number (see instructions)

(800) 839-1754
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$80,408,380J 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 69,697 69,697  
4 Dividends and interest from securities... 1,988,798 1,988,798  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,493,823
b Gross sales price for all assets on line 6a 19,416,726
7 Capital gain net income (from Part IV, line 2)... 1,493,823
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 3,552,318 3,552,318  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 42,272 2,114   40,158
15 Pension plans, employee benefits....... 3,294 154   3,129
16a Legal fees (attach schedule)......... Click to see attachment 2,788 0   2,788
b Accounting fees (attach schedule)....... Click to see attachment 19,816 3,963   15,853
c Other professional fees (attach schedule).... Click to see attachment 214,470 214,470   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,611 2,611   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,972 0   4,972
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 62,614 266   62,348
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 352,837 223,578   129,248
25 Contributions, gifts, grants paid....... 3,795,000 3,795,000
26 Total expenses and disbursements. Add lines 24 and 25 4,147,837 223,578   3,924,248
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -595,519
b Net investment income (if negative, enter -0-) 3,328,740
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.............      
2 Savings and temporary cash investments......... 5,421,147 5,661,874 5,661,874
3 Accounts receivable bullet4,551
Less: allowance for doubtful accounts bullet   4,054 4,551 4,551
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 6,959,084 Click to see attachment6,788,556 6,703,887
b Investments—corporate stock (attach schedule)....... 48,440,671 Click to see attachment47,182,081 54,085,212
c Investments—corporate bonds (attach schedule)....... 11,869,554 Click to see attachment10,462,142 9,885,057
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,000,000 Click to see attachment4,000,000 4,067,799
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 74,694,510 74,099,204 80,408,380
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 74,694,510 74,099,204
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)..... 74,694,510 74,099,204
31 Total liabilities and net assets/fund balances (see instructions). 74,694,510 74,099,204
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
74,694,510
2
Enter amount from Part I, line 27a .....................
2
-595,519
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
213
4
Add lines 1, 2, and 3 ..........................
4
74,099,204
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
74,099,204
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 SECURITY      
b CAPITAL GAIN DISTRIBUTION P    
c 2,000,000.000 SHS HSBC EQUITY P 2013-08-15 2018-08-22
d CLASS ACTION SETTLMENT P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 15,717,897   15,922,903 -205,006
b 230     230
c 3,696,252   2,000,000 1,696,252
d 2,347     2,347
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -205,006
b       230
c       1,696,252
d       2,347
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,493,823
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 4,074,176 86,117,996 0.047309
2016 4,225,750 82,523,558 0.051207
2015 4,521,479 88,234,813 0.051244
2014 4,447,357 90,929,065 0.048910
2013 3,865,144 85,868,578 0.045012
2
Total of line 1, column (d) .....................
2
0.243682
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
0.048736
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
85,769,525
5
Multiply line 4 by line 3......................
5
4,180,064
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
33,287
7
Add lines 5 and 6........................
7
4,213,351
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,924,248
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 66,575
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 66,575
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 66,575
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 105,716
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.............. 7 105,716
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 39,141
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet39,141 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA, CO
    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
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.RAYNIER.ORG
    14
    The books are in care ofbulletFOUNDATION SOURCE Telephone no.bullet (800) 839-1754

    Located atbullet501 SILVERSIDE ROAD SUITE 123WILMINGTONDE ZIP+4bullet19809
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletCJ
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MICHAEL VALUCCI PRESIDENT/DIRECTOR
    1.00     		0 0 0
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    ROBERT WARTH VICE PRESIDENT/SECRETARY/DIRECTOR
    1.00     		0 0 0
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    EDWARD GARDNER TREASURER/DIRECTOR
    1.00     		0 0 0
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    PNC BANK INVESTMENT MANAGEMENT 214,470
    1600 MARKET STREET
    PHILADELPHIA,PA19103
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    76,082,194
    b
    Average of monthly cash balances.......................
    1b
    4,556,015
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,437,451
    d
    Total (add lines 1a, b, and c).........................
    1d
    87,075,660
    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
    87,075,660
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,306,135
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    85,769,525
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,288,476
    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
    4,288,476
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    66,575
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    66,575
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,221,901
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,221,901
    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
    4,221,901
    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
    3,924,248
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,924,248
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,924,248
    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 4,221,901
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 3,823,782
    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$ 3,924,248
    a Applied to 2017, but not more than line 2a 3,823,782
    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..... 100,466
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		4,121,435
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    ANGEL FLIGHT EAST
    1501 NARCISSA RD
    BLUE BELL,PA19422     		N/A PC GENERAL & UNRESTRICTED 2,000
    ANTI-DEFAMATION LEAGUE
    2200 6TH AVE
    SEATTLE,WA98121     		N/A PC GENERAL & UNRESTRICTED 5,000
    AS-YOU-LIKE-IT-LIBRARY
    2220 NW MARKET ST
    SEATTLE,WA98107     		N/A PC SEATTLE METAPHYSICAL LIBRARY DIVISION 5,000
    BAKER INDUSTRIES INC
    184 PENNSYLVANIA AVE
    MALVERN,PA19355     		N/A PC GENERAL & UNRESTRICTED 10,000
    BELLEVUE COMMUNITY COLLEGE FOUNDATION - KCBS
    3000 LANDERHOLM CIR SE A101
    BELLEVUE,WA98007     		N/A PC TO HELP FUND THE $254,000 KCBS TRANSMITTER AND CONSOLE BOARD REPLACEMENT PROJECT 125,000
    BEYOND THE SURFACE
    3212 BRANT ST
    SAN DIEGO,CA92103     		N/A PC LOBITOS PROJECT: WOMEN AND WATER 5,000
    BOXLEY MUSIC FUND
    PO BOX 1161
    NORTH BEND,WA98045     		N/A PC GENERAL & UNRESTRICTED 5,000
    BRIDGE MINISTRIES
    12356 NORTHUP WAY STE 103
    BELLEVUE,WA98005     		N/A PC GENERAL & UNRESTRICTED 5,000
    CHILDRENS HOME SOCIETY OF WASHINGTON
    12360 LAKE CITY WAY NE
    SEATTLE,WA98125     		N/A PC LAKE CITY FUTURE FIRST PROGRAM 5,000
    CRANALEITH SPIRITUAL CENTER
    13475 PROCTOR RD
    PHILADELPHIA,PA19116     		N/A PC GENERAL & UNRESTRICTED 10,000
    CRISTO REY PHILADELPHIA HIGH SCHOOL
    5218 N BROAD ST
    PHILADELPHIA,PA19141     		N/A PC "BUILDING A HOME FOR THE SCHOOL THAT WORKS" CAMPAIGN 100,000
    CYSTIC FIBROSIS FOUNDATION
    2002 SPROUL RD STE 102
    BROOMALL,PA19008     		N/A PC CHARITABLE EVENT 25,000
    DIRECT RELIEF
    6100 WALLACE BECKNELL RD
    SANTA BARBARA,CA93117     		N/A PC GENERAL & UNRESTRICTED 5,000
    EARSHOT JAZZ SOCIETY OF SEATTLE
    3429 FREMONT PL N STE 309
    SEATTLE,WA98103     		N/A PC SEATTLE JAZZ PROJECT 75,000
    ELIZABETH HOME
    1604 NE 50TH ST
    SEATTLE,WA98105     		N/A PC GENERAL & UNRESTRICTED 5,000
    EXPERIENCE LEARNING COMMUNITY
    120 6TH AVE N STE 100
    SEATTLE,WA98109     		N/A PC NO WASTED NOTES NAMING AGREEMENT BETWEEN THE FOUNDATION AND EXPERIENCE MUSIC CENTER FUND 50,000
    FORTERRA NW
    901 5TH AVE STE 2200
    SEATTLE,WA98164     		N/A PC GREEN SEATTLE PARTNERSHIP PROGRAM 5,000
    FRIENDS OF THE WISSAHICKON INC
    40 W EVERGREEN AVE STE 108
    PHILADELPHIA,PA19118     		N/A PC GENERAL & UNRESTRICTED 10,000
    FRINGEARTS
    140 N COLUMBUS BLVD
    PHILADELPHIA,PA19106     		N/A PC GENERAL & UNRESTRICTED 25,000
    GREEN PLATE SPECIAL
    2115 25TH AVE S
    SEATTLE,WA98144     		N/A PC GENERAL & UNRESTRICTED 5,000
    HANDMAIDS OF THE SACRED HEART OF JESUS
    2025 CHURCH RD
    WYNCOTE,PA19095     		N/A PC GENERAL & UNRESTRICTED 25,000
    HOMEWORKS TRENTON
    174 NASSAU ST STE BOX 196
    PRINCETON,NJ08542     		N/A PC GENERAL & UNRESTRICTED 10,000
    INTERACT INC
    THE DRAKE 302 S HICKS ST
    PHILADELPHIA,PA19102     		N/A PC GENERAL & UNRESTRICTED 5,000
    JACK STRAW FOUNDATION
    4261 ROOSEVELT WAY NE
    SEATTLE,WA98105     		N/A PC GENERAL & UNRESTRICTED 10,000
    JAZZ NIGHT SCHOOL
    5415 RAINIER AVE S
    SEATTLE,WA98118     		N/A PC RAYNIER FOUNDATION JAZZ MENTORSHIP PROJECT 150,000
    JEWISH FEDERATION OF ATLANTIC AND CAPE MAY COUNTIES
    501 N JEROME AVE
    MARGATE CITY,NJ08402     		N/A PC CHARITABLE EVENT 5,000
    KAREEM KANDI WORLD ORCHESTRA
    PO BOX 7670
    TACOMA,WA98417     		N/A PC GENERAL & UNRESTRICTED 5,000
    LA SALLE COLLEGE HIGH SCHOOL
    8605 CHELTENHAM AVE
    WYNDMOOR,PA19038     		N/A PC GENERAL & UNRESTRICTED 10,000
    LAKE CITY PARTNERS ENDING HOMELESSNESS
    3120 NE 125TH ST
    SEATTLE,WA98125     		N/A PC GENERAL & UNRESTRICTED 5,000
    LIFETIME ADVOCACY PLUS
    444 NE RAVENNA BLVD STE 303
    SEATTLE,WA98115     		N/A PC GENERAL & UNRESTRICTED 5,000
    LIVENGRIN FOUNDATION INC
    4833 HULMEVILLE RD
    BENSALEM,PA19020     		N/A PC GENERAL OPERATING FUNDS TO HELP PATIENTS AND FAMILIES STRUGGLING WITH THE DISEASE OF ADDICTION FIND HELP, HOPE, AND HEALING. 250,000
    MAIN LINE HOSPITALS INC
    3803 W CHESTER PIKE STE 250
    NEWTOWN SQ,PA19073     		N/A PC LANKENAU COLORECTAL CENTER RESEARCH & EDUCATION FUND FOR THE JAMES WIDENER RAY ENDOWED CHAIR IN COLORECTAL SURGERY 500,000
    MAIN LINE RESCUE INC
    PO BOX 89
    CHESTER SPRGS,PA19425     		N/A PC GENERAL & UNRESTRICTED 10,000
    MALTZ JUPITER THEATRE INC
    1001 E INDIANTOWN RD
    JUPITER,FL33477     		N/A PC GENERAL & UNRESTRICTED 10,000
    MILLIONAIR CLUB INC
    2515 WESTERN AVE
    SEATTLE,WA98121     		N/A PC GENERAL & UNRESTRICTED 5,000
    MOUNT SAINT JOSEPH ACADEMY
    120 W WISSAHICKON AVE
    FLOURTOWN,PA19031     		N/A PC GENERAL & UNRESTRICTED 10,000
    MOUNTAINFILM LTD 01-01-94
    PO BOX 1088
    TELLURIDE,CO81435     		N/A PC THE FUNDS ARE TO HELP WITH THE COSTS TO TRANSFER FILMS INTO THE PROPER FORMAT FOR ARCHIVING AND SCREENING. 5,000
    MOUNTAINFILM LTD 01-01-94
    PO BOX 1088
    TELLURIDE,CO81435     		N/A PC TOUR AND EDUCATION PROGRAM 5,000
    MUSIC CENTER OF THE NORTHWEST INC
    901 N 96TH ST
    SEATTLE,WA98103     		N/A PC KEYS TO THE FUTURE CAPITAL CAMPAIGN 100,000
    NATIONAL FOUNDATION FOR CELIAC AWARENESS
    PO BOX 544
    AMBLER,PA19002     		N/A PC CHARITABLE EVENT 25,000
    NATIONAL FOUNDATION FOR CELIAC AWARENESS
    PO BOX 544
    AMBLER,PA19002     		N/A PC BEYOND CELIAC FUND 10,000
    PACIFIC PUBLIC MEDIA
    PO BOX 44459
    TACOMA,WA98448     		N/A PC KNKX NEXT CAMPAIGN 150,000
    PHILADELPHIA CITIZEN
    230 S BROAD ST 17TH
    PHILADELPHIA,PA19102     		N/A PC GENERAL & UNRESTRICTED 4,000
    PHILADELPHIA ORCHESTRA ASSOCIATION
    1 S BROAD ST 14TH FL
    PHILADELPHIA,PA19107     		N/A PC GENERAL OPERATING FUND 100,000
    POST-PRISON EDUCATION PROGRAM
    2450 6TH AVE S STE 200
    SEATTLE,WA98134     		N/A PC GENERAL & UNRESTRICTED 5,000
    PROJECT HOME
    1515 FAIRMOUNT AVE
    PHILADELPHIA,PA19130     		N/A PC 810 ARCH STREET PROGRAM 500,000
    RAINBOW MISSIONS
    5241 116TH AVE NE
    KIRKLAND,WA98033     		N/A PC GENERAL & UNRESTRICTED 5,000
    REACT THEATRE
    1122 E PIKE ST 1111
    SEATTLE,WA98122     		N/A PC GENERAL & UNRESTRICTED 5,000
    RECTOR CHURCH WARDENS & VESTRYMEN OF CHRIST CHURCH OF PHILADELPHIA
    20 N AMERICAN ST
    PHILADELPHIA,PA19106     		N/A PC GENERAL & UNRESTRICTED 10,000
    RICHARD HUGO HOUSE
    1634 11TH AVE
    SEATTLE,WA98122     		N/A PC HUGO HOUSE CAPITAL CAMPAIGN TO HELP PROVIDE AN EXCEPTIONAL HOME WHERE WORDS AND CREATIVITY ARE REVERED, NURTURED, WRESTLED WITH AND BROUGHT TO LIFE. 657,000
    ROMAN CATHOLIC HIGH SCHOOL FOR BOYS
    301 N BROAD ST
    PHILADELPHIA,PA19107     		N/A PC VISION OF PROMISE (PHASE II - STEM PROJECT) 25,000
    ROOTS YOUNG ADULT SHELTER
    1415 NE 43RD ST
    SEATTLE,WA98105     		N/A PC GENERAL OPERATING FUND 150,000
    SAINT JOSEPHS UNIVERSITY
    5600 CITY AVE
    PHILADELPHIA,PA19131     		N/A PC HAUB SCHOOL OF BUSINESS REAL ESTATE AND CONSTRUCTION ENDOWMENT FUND 4,000
    SAINT PAULS CHURCH AT CHESTNUT HILL
    22 E CHESTNUT HILL AVE
    PHILADELPHIA,PA19118     		N/A PC GENERAL & UNRESTRICTED 10,000
    SEA-MAR COMMUNITY HEALTH CENTER
    1040 S HENDERSON ST
    SEATTLE,WA98108     		N/A PC GENERAL & UNRESTRICTED 5,000
    SEATTLE MENNONITE CHURCH
    3120 NE 125TH ST
    SEATTLE,WA98125     		N/A PC GOD'S LIL ACRE HOMELESS SHELTER PROGRAM 5,000
    SEATTLE UNIVERSITY
    901 12TH AVE
    SEATTLE,WA98122     		N/A PC TO PROVIDE TWO YEARS OF FUNDING FOR THE SEATTLE UNIVERSITY "COLLEGE OF ARTS & SCIENCES ARTIST ASSISTANTSHIP PROGRAM" 43,000
    SEATTLE UNIVERSITY
    901 12TH AVE
    SEATTLE,WA98122     		N/A PC UNDERGRADUATE ARTIST ASSISTANCESHIP PROGRAM 10,000
    SHUNPIKE ARTS COLLECTIVE DBA SHUNPIKE
    815 SEATTLE BLVD S STE 215
    SEATTLE,WA98134     		N/A PC LATINO THEATRE PROJECT 10,000
    SNOHOMISH YOUTH BEEKEEPING EDUCATION
    16015 DUBUQUE RD
    SNOHOMISH,WA98290     		N/A PC GENERAL & UNRESTRICTED 5,000
    SOUND THEATRE
    PO BOX 99327
    SEATTLE,WA98139     		N/A PC GENERAL & UNRESTRICTED 5,000
    ST ANTHONY 1907 FOUNDATION
    797 E LANCASTER AVE
    VILLANOVA,PA19085     		N/A PC GENERAL & UNRESTRICTED 10,000
    TELLURIDE ADAPTIVE SKI PROGRAM
    PO BOX 2254
    TELLURIDE,CO81435     		N/A PC TO UNDERWRITE THE COST OF NEW UNIFORMS (THE BALANCE TO BE KEPT DESIGNATED FOR FUTURE UNIFORM PURCHASES) PROGRAM 5,000
    TELLURIDE SKI AND SNOWBOARD CLUB INC
    PO BOX 2824
    TELLURIDE,CO81435     		N/A PC $5000 TO UNDERWRITE THE PRODUCTION OF SKI SAFETY VIDEOS; AND $2500 FOR THE SCHOLARSHIP PROGRAM 7,500
    TELLURIDE SKI AND SNOWBOARD CLUB INC
    PO BOX 2824
    TELLURIDE,CO81435     		N/A PC "LIDS ON KIDS" PSA OTHER 5,000
    TELLURIDE SOCIETY FOR JAZZ
    PO BOX 2132
    TELLURIDE,CO81435     		N/A PC $5000 TO UNDERWRITE COST OF VIDEOS PROMOTING THE JAZZ FESTIVAL'S EDUCATIONAL PROGRAMS; $5000 TO UNDERWRITE THE EDUCATIONAL PROGRAMS AT THE 2018 JAZZ FESTIVAL; AND $2,500 TO UNDERWRITE THE 2018 WINTER JAZZ PROGRAM OF THE TELLURIDE SOCIETY FOR JAZZ 12,500
    TIETON ARTS AND HUMANITIES
    PO BOX 171
    TIETON,WA98947     		N/A PC GENERAL & UNRESTRICTED 5,000
    TRUSTEES OF THE LAWRENCEVILLE SCHOOL
    PO BOX 6125
    LAWRENCEVILLE,NJ08648     		N/A PC GENERAL & UNRESTRICTED 10,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST 433 FRANKLIN BLDG
    PHILADELPHIA,PA19104     		N/A PC MORRIS ARBORETUM FUND 10,000
    UNION FOR REFORM JUDAISM - CAMP KALSMAN
    3805 108TH AVE NE STE 100
    BELLEVUE,WA98004     		N/A PC CAMP KALSMAN PROGRAM 5,000
    UNITED STATES SQUASH RACQUETS ASSOCIATION INC
    555 8TH AVE RM 1102
    NEW YORK,NY10018     		N/A PC GENERAL & UNRESTRICTED 10,000
    USC SHOAH FOUNDATION INSTITUTE FOR VISUAL HISTORY AND EDUCATION
    LEAVEY LIBRARY STE 114
    LOS ANGELES,CA90089     		N/A PC STRONGER THAN HATE INITIATIVE 50,000
    WASHINGTON ENSEMBLE THEATRE
    PO BOX 20834
    SEATTLE,WA98102     		N/A PC GENERAL & UNRESTRICTED 5,000
    WESTERN NEON SCHOOL OF ART
    2902 4TH AVE S STUDIO A
    SEATTLE,WA98134     		N/A PC GENERAL OPERATING COSTS; LONG-TERM TEACHER COMPENSATION; FACILITY BUILD-OUT; VISITING ARTISTS BUDGETS; AND STUDENT SCHOLARSHIPS. 150,000
    WOODMERE ART MUSEUM INC
    9201 GERMANTOWN AVE
    PHILADELPHIA,PA19118     		N/A PC GENERAL & UNRESTRICTED 10,000
    YOUTHCARE
    2500 NE 54TH ST
    SEATTLE,WA98105     		N/A PC GENERAL OPERATING FUND 150,000
    Total .................................bullet 3a 3,795,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 69,697  
    4 Dividends and interest from securities....     14 1,988,798  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,493,823  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,552,318 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,552,318
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 19,816 3,963   15,853

    TY 2018 GeneralExplanationAttachment
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Identifier Return Reference Explanation
      FORM 990-PF, PART VII-B, LINE 1A(3) & (4) RAYNIER INSTITUTE AND FOUNDATION REIMBURSED MEETING EXPENSES OF EDWARD GARDNER, TREASURER/DIRECTOR. THE AMOUNTS REIMBURSED WERE SUBSTANTIATED AND REASONABLE. AS SUCH, THE REIMBURSEMENTS ARE NOT CONSIDERED ACTS OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(E).

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 10,462,142 9,885,057

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Name of Stock End of Year Book Value End of Year Fair Market Value
    850 SHS ABBVIE INC (ABBV) 81,598 78,361
    227 SHS ALPHABET INC CL A (GOOGL) 181,186 237,206
    152 SHS AMAZON COM (AMZN) 229,656 228,299
    870 SHS AMERICAN WATER WORKS COMPANY INC (AWK) 64,404 78,970
    737 SHS AMGEN INC (AMGN) 122,679 143,472
    830 SHS AMPHENOL CORPORATION (APH) 74,882 67,247
    2031 SHS APPLE INC (AAPL) 250,060 320,370
    2370 SHS ARCHER DANIELS MDLND (ADM) 119,532 97,099
    900 SHS AUTOMATIC DATA PROCESSING INC (ADP) 116,615 118,008
    137 SHS AUTOZONE INC (AZO) 106,647 114,853
    1373 SHS BANK NEW YORK MELLON CORP COM (BK) 54,367 64,627
    3580 SHS BANK OF AMERICA CORP (BAC) 111,174 88,211
    1140 SHS BAXTER INTERNATIONAL INC (BAX) 77,991 75,035
    372 SHS BIOGEN INC (BIIB) 103,238 111,942
    301772.179 SHS BLACKROCK EVENT DRIVEN EQUITY FUND INSTITUTIONAL SHARES (BILP 2,750,000 2,818,552
    403652.584 SHS BLACKROCK STRAT INC OPP PORTFOLIO INSTL (BSIIX) 4,000,000 3,875,065
    330 SHS BOEING CO (BA) 87,188 106,425
    1440 SHS BRISTOL-MYERS SQUIBB CO (BMY) 87,735 74,851
    910 SHS BURLINGTON STORES, INC (BURL) 74,708 148,030
    2740 SHS CBRE GROUP (CBRE) 128,267 109,710
    1170 SHS CELANESE CORPORATION (CE) 123,318 105,265
    690 SHS CENTENE CORP (CNC) 75,354 79,557
    1190 SHS CHEVRON CORP (CVX) 149,947 129,460
    3357 SHS CISCO SYSTEMS INC (CSCO) 127,418 145,459
    1220 SHS CITIGROUP INC (C) 82,418 63,513
    3000 SHS CITIZENS FINANCIAL GROUP, INC (CFG) 90,992 89,190
    4039 SHS COMCAST CORP (CMCSA) 135,008 137,528
    1400 SHS CONOCOPHILLIPS (COP) 74,427 87,290
    390 SHS COSTCO WHOLESALE CORPORATION (COST) 85,689 79,447
    1650 SHS CSX CORP (CSX) 117,362 102,514
    800 SHS DANAHER CORP (DHR) 81,666 82,496
    128331.119 SHS DIAMOND HILL LONG SHORT FD CL Y (DIAYX) 2,000,000 3,005,515
    650 SHS DOLLAR GENERAL CORP (DG) 76,290 70,252
    880 SHS DUKE ENERGY CO (DUK) 79,979 75,944
    770 SHS EASTMAN CHEMICAL CO (EMN) 79,709 56,295
    173745.174 SHS EATON VANCE GLOBAL MACRO ABSOLUTE RETURN ADVANTAGE FD CL I (E 1,800,000 1,648,842
    880 SHS ELI LILLY & CO (LLY) 78,756 101,834
    740 SHS FACEBOOK INC (FB) 94,994 97,007
    779 SHS HOME DEPOT INC (HD) 99,991 133,848
    3281 SHS INTEL CORP (INTC) 138,198 153,977
    70729 SHS INVESCO FTSE RAFI US 1000 ETF (PRF) 4,368,459 7,183,944
    120740 SHS ISHARES CORE MSCI EAFE ETF (IEFA) 6,674,507 6,640,700
    73600 SHS ISHARES MSCI USA MIN VOLATILITY (USMV) 3,393,931 3,856,640
    11550 SHS ISHARES NASDAQ BIOTECHNOLOGY (IBB) 1,092,074 1,113,766
    31900 SHS ISHARES TR S & P MIDCAP 400 INDEX FD (IJH) 4,909,247 5,297,314
    2491 SHS JP MORGAN CHASE (JPM) 165,185 243,171
    1210 SHS KOHLS CORP (KSS) 79,818 80,271
    838 SHS MCCORMICK & CO (MKC) 102,065 116,683
    750 SHS MCDONALD'S CORP (MCD) 115,255 133,177
    3155 SHS MICROSOFT CORP (MSFT) 279,321 320,453
    2110 SHS MORGAN STANLEY (MS) 70,515 83,661
    664 SHS NORFOLK SOUTHERN CORP (NSC) 110,965 99,295
    328 SHS NORTHROP GRUMMAN CORP (NOC) 70,377 80,327
    1050 SHS OCCIDENTAL PETROLEUM CORP (OXY) 79,227 64,449
    2960 SHS PFIZER INC (PFE) 103,725 129,204
    1184 SHS PROCTER GAMBLE CO (PG) 108,046 108,833
    441 SHS RAYTHEON CO (RTN) 60,463 67,627
    786 SHS S&P GLOBAL INC COM (SPGI) 98,054 133,573
    23850 SHS SPDR S&P 500 ETF TRUST (SPY) 3,331,941 5,960,592
    2033 SHS SUNTRUST BKS INC (STI) 89,073 102,545
    1080 SHS T. ROWE PRICE ASSOCIATES (TROW) 90,762 99,706
    1400 SHS TE CONNECTIVITY LTD (TEL) 110,092 105,882
    1250 SHS T-MOBILE US INC (TMUS) 84,682 79,512
    1871 SHS TOTAL FINA ELF S.A (TOT) 89,236 97,629
    58000 SHS UBS E-TRACS ALERIAN MLP INFRASTRUCTURE ETN (MLPI) 1,982,600 1,146,660
    720 SHS UNITED RENTALS INC (URI) 87,059 73,822
    530 SHS UNITEDHEALTH GROUP INC (UNH) 77,820 132,034
    46970 SHS VANGUARD FTSE ALL-WORLD EX-US ETF (VEU) 2,101,189 2,140,893
    16700 SHS VANGUARD FTSE EMERGING MARKETS (VWO) 778,215 636,270
    14428 SHS VANGUARD SM-CAP ETF (VB) 1,668,690 1,904,352
    921 SHS VISA INC (V) 76,282 121,517
    1590 SHS WASTE MANAGEMENT INC (WM) 134,561 141,494
    1789 SHS WEC ENERGY GROUP, INC (WEC) 105,734 123,906
    270 SHS WELLCARE HEALTH PLANS INC (WCG) 79,468 63,744

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    US Government Securities - End of Year Book Value:

    6,788,556
    US Government Securities - End of Year Fair Market Value:

    6,703,887
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    YORK CREDIT OPPORTUNITIES UNIT TRUST (YORKCREDIT) FMV 2,000,000 1,880,399
    HSBC DEVELOPED INTERNTL BUFFER NOTE FMV 2,000,000 2,187,400

    TY 2018 LegalFeesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 2,788 0   2,788


    TY 2018 OtherExpensesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE FEES 43,000 0   43,000
    POSTAGE 1,276 0   1,276
    INSURANCE 3,666 0   3,666
    WEBSITE COSTS 779 0   779
    BANK CHARGES 266 266   0
    SUPPLIES 453 0   453
    FOUNDATION DUES & MEMBERSHIPS 13,100 0   13,100
    STATE FILING FEES 74 0   74


    TY 2018 OtherIncreasesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Description Amount
    ADJUSTMENT - NO TAX EFFECT 213


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT SERVICES 214,470 214,470   0


    TY 2018 TaxesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,611 2,611   0