Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE FIRSTENBURG FOUNDATION
C/O NW EQUITY HOLDINGS
Number and street (or P.O. box number if mail is not delivered to street address)1220 MAIN STREET NO 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VANCOUVER, WA98660
A Employer identification number

68-0525464
B Telephone number (see instructions)

(360) 699-4311
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$34,637,827J 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      
4 Dividends and interest from securities... 1,133,158 1,115,996  
5a Gross rents............ 5,378 2,031  
b Net rental income or (loss) 5,378
6a Net gain or (loss) from sale of assets not on line 10 -49,852
b Gross sales price for all assets on line 6a 12,068,886
7 Capital gain net income (from Part IV, line 2)... 0
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 25,798 0  
12 Total. Add lines 1 through 11........ 1,114,482 1,118,027  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 147,890 29,578   118,312
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,755 3,227   7,529
c Other professional fees (attach schedule).... Click to see attachment 158,257 47,477   110,780
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,765 24,765   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 421,944 331,603   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 763,611 436,650   236,621
25 Contributions, gifts, grants paid....... 1,678,164 1,678,164
26 Total expenses and disbursements. Add lines 24 and 25 2,441,775 436,650   1,914,785
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,327,293
b Net investment income (if negative, enter -0-) 681,377
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......... 4,140,035 940,145 940,145
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 24,081,114 Click to see attachment26,138,856 26,011,615
c Investments—corporate bonds (attach schedule)....... 6,097,722 Click to see attachment6,030,580 5,900,034
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,682,653 Click to see attachment1,564,650 1,786,033
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) 36,001,524 34,674,231 34,637,827
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 36,001,524 34,674,231
30 Total net assets or fund balances (see instructions)..... 36,001,524 34,674,231
31 Total liabilities and net assets/fund balances (see instructions). 36,001,524 34,674,231
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
36,001,524
2
Enter amount from Part I, line 27a .....................
2
-1,327,293
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
34,674,231
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
34,674,231
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 FIRSTENBURG FAMILY INVESTMENTS D    
b PUBLICLY TRADED SECURITIES - FIRST REPUBLIC 0192 P    
c PUBLICLY TRADED SECURITIES - FIRST REPUBLIC 1486 P    
d PUBLICLY TRADED SECURITIES - FIRST REPUBLIC 1477 P    
e THE BLACKSTONE GROUP      
ALLIANCEBERNSTEIN HOLDINGS      
ALLIANCEBERNSTEIN HOLDINGS      
ALLIANCEBERNSTEIN HOLDINGS P    
AMERIGAS PARTNERS, LP   2018-08-16 2018-12-17
CAPITAL GAINS DIVIDENDS 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 13,579     13,579
b 5,602,244   5,692,529 -90,285
c 4,017,264   3,853,712 163,552
d 2,272,789   2,493,747 -220,958
e 1,760   541 1,219
    608 -608
163     163
106     106
83,532   78,142 5,390
77,449     77,449
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       13,579
b       -90,285
c       163,552
d       -220,958
e       1,219
      -608
      163
      106
      5,390
      77,449
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 -50,393
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 1,608,832 37,326,695 0.043101
2016 1,167,603 29,539,994 0.039526
2015 1,036,880 33,989,712 0.030506
2014 553,417 33,596,927 0.016472
2013 420,174 21,231,930 0.019790
2
Total of line 1, column (d) .....................
2
0.149395
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
0.029879
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
37,365,811
5
Multiply line 4 by line 3......................
5
1,116,453
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,814
7
Add lines 5 and 6........................
7
1,123,267
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,914,785
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 6,814
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 6,814
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 6,814
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 68,745
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 68,745
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 61,931
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet6,840 RefundedBullet 11 55,091
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    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 addressbulletN/A
    14
    The books are in care ofbulletMARC GRIGNON Telephone no.bullet (360) 699-4311

    Located atbullet1220 MAIN ST STE 500VANCOUVERWA ZIP+4bullet98660
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........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
    JOYCE CHILES PRESIDENT
    1.00     		0 0 0
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA986688904
    WILLIAM FIRSTENBURG SECRETARY
    1.00     		0 0 0
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA986688904
    BRUCE FIRSTENBURG TREASURER
    1.00     		0 0 0
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA986688904
    MARC GRIGNON EXECUTIVE DIRECTOR
    15.00     		147,890 0 0
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA986688904
    JEFFREY WILLIAM FIRSTENBURG DIRECTOR
    1.00     		0 0 0
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA986688904
    JEFFREY WAYNE FIRSTEBBURG DIRECTOR
    1.00     		0 0 0
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA986688904
    SHELLY FIRSTENBURG DIRECTOR
    1.00     		0 0 0
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA986688904
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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
    35,203,896
    b
    Average of monthly cash balances.......................
    1b
    944,904
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,786,033
    d
    Total (add lines 1a, b, and c).........................
    1d
    37,934,833
    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
    37,934,833
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    569,022
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    37,365,811
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,868,291
    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
    1,868,291
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    6,814
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    583
    c
    Add lines 2a and 2b............................
    2c
    7,397
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,860,894
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,860,894
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,860,894
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,914,785
    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
    1,914,785
    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
    6,814
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,907,971
    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 1,860,894
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    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$ 1,914,785
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,860,894
    e Remaining amount distributed out of corpus 53,891
    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 53,891
    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 ......     		53,891
    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.... 53,891
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MARC GRIGNON
    1220 MAIN STREET SUITE 500
    VANCOUVER,WA98660
    (360) 699-4311
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION FORM MUST BE COMPLETED INCLUDING INFORMATION REGARDING THE ORGANIZATION, PROJECT, BUDGET AND REQUIRED ATTACHMENTS.
    cAny submission deadlines:
    THE FOUNDATION REPORTS MUST BE POSTMARKED BY JANUARY 31, APRIL 30, JULY 31, OR OCTOBER 31.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS WILL BE GIVEN TO/FOR INDIVIDUALS, RELIGIOUS ORGANIZATIONS, INTERNATIONAL ORGANIZATIONS WITHOUT QUALIFIED DOMESTIC 501(C)(3) REPRESENTATIVE, PRIVATE FOUNDATIONS, ENDOWMENTS, DINNERS/BALLS/TICKETED EVENTS, POLITICAL PURPOSES, LOBBYING ACTIVITIES OR PURPOSES OUTSIDE OF THE FOUNDATION'S FUNDING PRIORITES.
    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
    BLOODWORKS NORTHWEST
    9320 NE VANCOUVER MALL DRIVE SUITE
    100
    VANCOUVER,WA98662     		N/A PC IN SUPPORT OF THE STRONGER BLOOD SUPPLU FOR THE GREATER PORTLAND VANCOUVER METRO AREA PROJECT. 25,000
    BOYS & GIRLS CLUB OF SOUTHWEST WASHINGTON
    1111 MAIN ST
    VANCOUVER,WA98660     		N/A PC REPRESENTING 1ST INSTALLMENT OF 3 YEAR PLEDGE FOR TRANSPORTATION SUPPORT 54,000
    CDM SERVICES
    2409 BROADWAY
    VANCOUVER,WA98663     		N/A PC IN SUPPORT OF AGING WITH DIGNITITY: AGING CARES RES. CNT CAPITAL CAMPAIGN. 2ND INSTALL OF 4 YEAR PLEDGE 45,000
    CLARK COUNTY FOOD BANK
    6502 NE 47TH AVE
    VANCOUVER,WA98660     		N/A PC FOR THE FAMILY NUTRITION AND EDUCATION CENTER CAPITAL CAMPAIGN: FINAL INSTALL OF 4 YEAR PLEDGE 75,000
    COUNCIL FOR THE HOMELESS
    2500 MAIN STREET
    VANCOUVER,WA98660     		N/A PC IN SUPPORT OF THE HOUSING RELIEF FUND 36,000
    FURRY FRIENDS
    6715 NE 63RD STREET SUITE 450
    VANCOUVER,WA98661     		N/A PC IN SUPPORT OF MEDICAL ASSISTANCE: A SECOND CHANCE AT LIFE PROGRAM. 11,197
    IMPACT NW
    1785 NE SANDY BLVD 200
    PORTLAND,OR97292     		N/A PC 1ST OF 2 YEAR PLEDGE IN SUPPORT OF THE IMPACT NW HOUSING AND SAFETY NET SERVICES: HOMELESSNESS PREVENTION PROGRAM 37,500
    INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LOCAL 1805
    800 NE TENNEY RD SUITE 110 PMB 215
    VANCOUVER,WA98685     		N/A PC IN SUPPORT OF OPERATION WARM 18,000
    INTERNATIONAL SOCIETY OF THE BLUE GAVEL NAUTICAL SAFETY FUND
    152 SE SPOKANE ST SUITE 10
    PORTLAND,OR97236     		N/A PC 1ST INSTALLMENT OF 3 YEAR PLEDGE IN SUPPORT OF SAVE A LIFE/GIVE A JACKET PROGRAM 2,500
    JUNIOR ACHEIVEMENT OF OR & SW WA
    1700 WESTLAKE AVE N SUITE 100
    SEATTLE,WA98109     		N/A PC IN SUPPORT OF THE JA FINANCE PARK ENROLLMENT EXPANSION PROJECT 27,500
    KIWANIS CAMP WA-RI-KI
    17051 WASHOUGAL RIVER RD
    WASHOUGAL,WA98671     		N/A PC GRANT TO FUND THE FIRST YEAR ONLY OF REQUEST FOR THE REPURPOSING OF THE CRAFT BUILDING PROJECT 22,910
    NW ASSOCIATION FOR BLIND ATHLETES
    311 W EVERGREEN BLVD 200
    VANCOUVER,WA98660     		N/A PC IN SUPPORT OF THE LIMITLESS OPPORTUNITIES - BUILDING A VISION PROGRAM 25,000
    LAN SU CHINESE GARDEN
    239 NE EVERETT ST
    PORTLAND,OR97209     		N/A PC FUNDING TO BE APPLIED TOWARD THE PURCHASE OF A NEW VEHICLE 50,000
    OPEN HOUSE MINISTRIES
    900 W 12TH ST
    VANCOUVER,WA98660     		N/A PC 2ND INSTALLMENT OF 4 YEAR PLEDGE FOR THE MULTI-PURPOSE BUILDING CAPITAL CAMPAIGN 45,000
    OR MUSEUM OF SCIENCE AND INDUSTRY
    1945 SE WATER AVE
    PORTLAND,OR97214     		N/A PC REPRESENTING A 3 YEAR PLEDGE IN SUPPORT OF OMSI EARLY CHILDHOOD EXPERIENCE AREA 15,000
    PARKS FOUNDATION OF CLARK COUNTY
    415 W 6TH ST
    VANCOUVER,WA98660     		N/A PC IN SUPPORT OF ADOPT-A-PARK PROGRAM 6,500
    PEACEHEALTH SW HOLTZMAN TWINS NEONATAL INTENSIVE CARE UNIT
    400 NE MOTHER JOSEPH PL
    VANCOUVER,WA98664     		N/A PC IN SUPPORT OF THE (MISS)TER UNION MUSIC THERAPY PROGRAM 5,000
    PINK LEMONADE PROJECT
    7720 NE HWY 99
    VANCOUVER,WA98664     		N/A PC FOR SPONSORSHIP OF THE PINK GLOW GALA ON 5/19/18. SPONSORED BY BILL FIRSTENBURG 5,000
    POLICE ACTIVITIES LEAGUE OF VANCOUVER WA
    605 E EVERGREEN BLVD
    VANCOUVER,WA98661     		N/A PC 1ST OF 3 YEAR PLEDGE IN SUPPORT OF THE PAL YOUTH SUMMER PROGRAM 35,000
    PORTLAND YOUTH PHILHARMONIC
    9320 SW BARBUR BLVD 140
    PORTLAND,OR97219     		N/A PC IN SUPPORT OF MUSIC EDUCATION FOR SW WA 15,000
    PORTLAND YOUTHBUILDERS
    4816 SE 92ND AVE
    PORTLAND,OR98266     		N/A PC IN SUPPORT OF THE SE PORTLAND EXPANSION PROJECT 50,000
    PROVIDENCE PORTLAND MEDICAL FOUNDATION
    PO BOX 3375
    PORTLAND,OR98208     		N/A PC FOR PURCHASE OF NICVIEW EQUIPMENT FOR PROVIDENCE MEDICAL CENTERS NEONATAL INTENSIVE CARE UNIT 44,625
    SKYLINE FOUNDATION
    11536 NW SKYLINE BLVD
    PORTLAND,OR97231     		N/A PC 1ST OF 5 YEAR PLEDGE IN SUPPORT OF THE COMMUNITY EDUCATION & WELLNESS CENTER CAPITAL CAMPAIGN 50,000
    THE DOUGY CENTER
    3909 SE 52ND AVE
    PORTLAND,OR97206     		N/A PC IN SUPPORT OF THE ENSURING GREIF SUPPORT FOR SCHOOL COMMUNITIES PROGRAM 25,000
    WA TIMBERS FOOTBALL CLUB
    1500 NE 192ND AVE
    VANCOUVER,WA98684     		N/A PC 1ST OF 3 YEAR PLEDGE IN SUPPORT OF HARMONY SPORTS COMPLEX INFRASTRUCTURE & SAFETY IMPROVEMENT PROJECT 25,000
    WINDHAVEN THERAPEUTIC RIDING
    35318 NE 86TH AVE
    LA CENTER,WA98329     		N/A PC IN SUPPORT OF THE ADVANCED CERTIFICATION IN NATURAL LIFEMANSHIP PROGRAM 13,800
    PROJECT PATCH
    5139 NE 94TH AVE STE C
    VANCOUVER,WA98661     		N/A PC IN SUPPORT OF THE FAMILY EXPERIENCE SCHOLARSHIP PROGRAM 10,000
    GARRET SIGN RIDGEFIELD HS FIRSTENBURG SPORTS COMPLEX
    2630 HILLHURST RD
    RIDGEFIELD,WA98642     		N/A PC IN DTD 5/24/18 5,642
    HUMANE SOCIETY FOR SW WASHINGTON
    1100 NE 192ND AVE
    VANCOUVER,WA98684     		N/A PC IN SUPPORT OF THE ANNUAL AUCTIN 5,000
    OHSU FOUNDATIONDEPT OF SURGERY
    1121 SW SALMON ST 100
    PORTLAND,OR97205     		N/A PC SILVER SPONSOR IN SUPPORT OF THE TOURNAMENT FOR SURGICAL EXCELLENCE 5,000
    POLICE ACTIVITIES LEAGUE OF VANCOUVER WA
    605 E EVERGREEN BLVD
    VANCOUVER,WA98661     		N/A PC IN SUPPORT OF THE POLICE ACTIVITIES LEAGUE OF VANCOUVER WA 1,000
    CLARK COUNTY FOOD BANK
    6502 NE 47TH AVE
    VANCOUVER,WA98661     		N/A PC PADDLE RAISE 1,000
    BIKE CLARK COUNTY
    1604 MAIN ST
    VANCOUVER,WA98660     		N/A PC GRANT FOR MIDDLE SCHOOL SAFETY EDUCATION PROGRAM; 2ND INSTALL OF 3-YR COMMITMENT 27,000
    BRIDGEVIEW HOUSING
    505 OMAHA WAY
    VANCOUVER,WA98661     		N/A PC REPRESENTING THE 1ST OF 5 INSTALLMENTS FOR BRIDGEVIEW ED. & EMPLOYMENT SERVICE CENTER CAPITAL CAMPAIGN 50,000
    CLARK COUNTY FIRE AND RESCUE
    911 N 65TH AVE
    RIDGEFIELD,WA98642     		N/A PC IN SUPPORT OF THE MARINE TRAINING PROGRAM 30,000
    DAYBREAK YOUTH SERVICES
    11910 NE 154TH ST
    BRUSH PRAIRIE,WA98606     		N/A PC REPRESENTING THE 3RD INSTALLMENT OF 4 YEAR COMMITMENT TOWARD THE HELP THE CHILDREN CAPITAL CAMPAIGN 50,000
    DE PAUL TREATMENT CENTERS
    PO BOX 3007
    PORTLAND,OR97208     		N/A PC REPRESENTING THE FIRST OF THREE INSTALLMENTS FOR THE DE PAUL TREATMENT CENTER'S NEW FACILITY 50,000
    EDITH BISHEL CENTER FOR THE BLIND AND VISUALLY IMPAIRED
    628 N ARTHUR ST
    KENNEWICK,WA99336     		N/A PC REPRESENTING FUNDING FOR THE INDEPENDENT LIVING & EDUCATION PROGRAM FOR RESIDENTS OF KLICKITAT CO. WA 6,000
    FORT VANCOUVER REGIONAL LIBRARY FOUNDATION
    1007 E MILL PLAIN BLVD
    VANCOUVER,WA98663     		N/A PC REPRESENTING THE FIRST OF FIVE INSTALLMENTS FOR THE RIDGEFIELD LIBRARY 50,000
    GIRLS INC OF THE PNW
    4800 SW MACADAM AVE 309
    PORTLAND,OR97239     		N/A PC REPRESENTING FUNDING FOR PROGRAM EXPANSION IN CLARK COUNTY WA 25,000
    LIFE WORKS
    14600 NW CORNELL RD
    PORTLAND,OR97229     		N/A PC REPRESENTING FUNDING FOR CAP. IMP. OF LIFE WORKS SERVICE CENTER TO SUPPORT THE TRANSIOTION PROGRAM EXPANSION 25,000
    LIFELINE CONNECTIONS
    PO BOX 1678
    VANCOUVER,WA98668     		N/A PC REPRESENTING FUNDING FOR THE WOMEN'S RESIDENTIAL PROGRAM 40,000
    MEDICAL TEAMS INTERNATIONAL
    14150 SW MILTON CT
    PORTLAND,OR97224     		N/A PC REPRESENTING FUNDING FOR THE FREE MOBILE DENTAL CARE FOR LOW INCOME POPULATIONS IN SW WASHINGTON 40,000
    NEW HOPE FARMS
    40 NEW HOPE FARM RD
    GOLDENDALE,WA98620     		N/A PC REPRESENTING THE FUNDING FOR THE REPLACEMENT OF THE NEW HOPE FARMS WELL 140,000
    OR CHILDRENS THEATRE
    1939 NE SANDY BLVD
    PORTLAND,OR97232     		N/A PC REPRESENTING THE 3RD AND FINAL INSTALLMENT OF A 3 YR COMMITMENT OF THE TICKET TO READ PROGRAM 25,000
    PORTLAND RESCUE MISSION
    PO BOX 3713
    PORTLAND,OR97208     		N/A PC REPRESNTING THE FUNDING FOR THE PURCHASE OF 60 BED BUG RESISTENT MATTRESSES 21,450
    SETON CATHOLIC HS
    9000 NE 64TH AVE
    VANCOUVER,WA98664     		N/A PC REPRESENTING FUNDING FOR THE COMPLETION OF FENCING FOR THE ATHLETIC FIELD 32,000
    THE CHILDREN'S CENTER
    13500 SE 7TH ST
    VANCOUVER,WA98683     		N/A PC REPRESENTING THE 5TH AND FINAL INSTALLMENT OF A 5 YEAR COMMITMENT APPLIED TOWARD THE BUILDING FOR THE FUTURE CAMPAIGN 75,000
    THE LEUKEMIA & LYMPHOMA SOCIETY
    6915 SW MACADAM AVE 100
    PORTLAND,OR97219     		N/A PC REPRESENTING THE FUNDING FOR EXPANSION OF THE LLS STUDENT SERIES STEM CIRRICULUM IN SW WA SCHOOLS 25,000
    THE SALVATION ARMY OF CLARK COUNTY
    1500 NE 112TH AVE
    VANCOUVER,WA98684     		N/A PC REPRESENTING THE 2ND INSTALLMENT OF THE 5 YR COMMITMENT FOR THE GROWING TOGETHER CAMPAIGN 50,000
    UNION GOSPEL MISSION
    3 NW THIRD AVE
    PORTLAND,OR97209     		N/A PC REPRESNTING THE FUNDING FOR ITS LIFECHANGE PROGRAMS CHILDREN'S ACTIVITY CENTER 10,000
    WATERSHED ALLIANCE
    500 W 8TH ST
    VANCOUVER,WA98660     		N/A PC REPRESENTING THE 2ND AND FINAL INSTALLMENT OF A 2 YR COMMITMENT FOR THE BURNT BRIDE CREEK HABITAT PROGRAM 17,590
    XCHANGE RECOVERY
    6702 NE SEPTAN DR
    BATTLE GROUND,WA98604     		N/A PC REPRESENTING THE FUNDING FOR FURNISHINGS FOR ITS COMMUNITY CENTER 54,450
    YMCA OF THE COLUMBIA-WILLAMETTE
    9500 SW BARBUR BLVD SUITE 200
    PORTLAND,OR97219     		N/A PC REPRESENTING THE 3RD INSTALLMENT OF A 5 YR COMMITMENT FOR THE CAMP COLLINS REC. LODGE 40,000
    POLICE ACTIVITIES LEAGUE OF VANCOUVER WA
    605 E EVERGREEN BLVD
    VANCOUVER,WA98661     		N/A PC IN SUPPORT OF HEART BEHIND THE BADGE 2,500
    Total .................................bullet 3a 1,678,164
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,133,158  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 5,378  
    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 -49,852  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aINCOME TAX REFUND     		        25,798
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,088,684 25,798
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,114,482
    (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.)
    11A PRIOR YEAR INCOME TAX REFUND
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MOSS ADAMS LLP 10,755 3,227   7,529

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK INC 81,860 83,061
    FEDERATED FUNDS INSTL HIGH YIELD BOND FD 265,897 243,010
    ENERGY TRANSFER PARTNERS, LP SR GLBL NT 88,790 82,591
    THORNBURG LTD TERM INCOME CLASS I 298,811 298,903
    US TREASURY NOTES 2.625% 08/15/20 204,249 200,282
    VIRTUS EIX FLOATING RATE HIGH INCOME I 251,204 238,232
    GOLDMAN SACHS GROUP INC 88,785 82,777
    METROPOLITAN WEST FDS TOTAL RET CL I 2 2
    EATON VANCE MUT FDS TR FLT RT CL I 247,471 238,999
    MORGAN STANLEY CO 86,731 85,536
    CROWN CASTLE INTL CORP 179,142 174,938
    CITIGROUP INC SR GLBL FL NT 184,766 180,519
    PIMCO EMERGING MKTS BD FD INSTL 400,000 372,608
    PIMCO INCOME FD INSTITUTIONAL FD 345,371 336,057
    BP CAP MKTS 82,429 80,690
    ISHARES U.S. PREFERRED STOCK ETF 76,052 66,749
    DOUBLELINE TOTAL RETURN BOND FD CL I 175,858 168,758
    AIRCASTLE LTD 131,013 127,891
    AMERICAN HONDA FIN CORP 165,279 164,819
    BANK OF AMERICA CORP 3.15918% 128,486 126,725
    BANK OF AMERICA CORP VR 2.98506% 165,117 162,900
    CINTAS CORP NO 2 SR GLGL NT 123,669 122,083
    CONSTELLATION BRANDS INC SR GLBL 72,702 70,609
    GLAXOSMITHKLINE CAP INC 84,993 86,379
    JOHNSON CONTROLS INTERNATION SR GLBL NT 85,210 83,360
    OMNICOM GROUP INC COM SR NT 89,729 88,754
    ORACLE CORP SR GLBL NT 71,523 72,336
    STARBUCKS CORP COM 94,896 94,231
    STRYKER CORP 83,134 82,714
    TOYOTA MTR CORP 101,133 100,784
    UNITED HEALTH GROUP INC 87,645 89,075
    VENTAS RLTY LTD PARTNERSHIP 83,774 81,368
    VERIZON COMMUNICATIONS INC 177,912 175,191
    US TREASURY NOTES 2% 01/13/2020 198,447 198,696
    US TREASURY NOTES 2.625% 05/15/2021 199,404 200,640
    US TREASURY NOTES 2.875% 05/31/2025 84,945 86,465
    US TREASURY NOTES 1.625% 02/15/2026 185,933 187,218
    US TREASURY NOTES 1% 03/15/2019 119,264 119,664
    US TREASRUY NOTES 2.375% 05/15/2027 188,929 195,812
    TOTAL CAPITAL GLBL 3.883% 75,025 76,943
    CATERPILLAR FINL SVCS 175,000 171,665

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO & CO NEW DEP 1/1000PF CL A 49,940 43,560
    HOME DEPOT INC 149,696 164,088
    IDEXX LABORATORIES INC 84,757 96,730
    INTEL CORP COM 122,252 159,562
    INTERNATIONAL BUSINESS MACHINES CORP 157,866 109,123
    JOHNSON & JOHNSON INC 102,661 96,142
    JPMORGAN CHASE & CO 62,377 97,620
    MCDONALDS CORP COM 90,340 172,243
    MDU RESOURCES GROUP INC 80,294 70,924
    MERCK & CO INC 95,681 114,615
    MICROCHIP TECHNOLOGY INC 61,715 61,132
    MICROSOFT CORP 198,154 256,464
    MORGAN STANLEY CO 157,448 136,198
    NEW YORK COMMUNITY BANCORP 130,904 91,748
    OCCIDENTAL PETROLEUM CORP COM 183,004 152,836
    LOCKHEED MARTIN CORP COM 150,948 137,466
    FORTIVE CORP 85,978 78,486
    FORD MTR CO DEL COM 43,530 28,649
    FLEETCOR TECHNOLOGIES INC 97,653 91,003
    COMCAST CORP NEW NEW CLASS A 104,916 96,362
    CONSTELLATION BRANDS 143,117 127,852
    DANAHER CORP 121,562 139,728
    DIAMONDBACK ENERGY INC 90,501 71,843
    DISNEY WALT CO COM 99,384 99,782
    PAYCHEX INC 99,331 110,755
    DUKE ENERGY HOLDING CORP 106,808 110,896
    EDWARDS LIFESCIENCES COPR COM 117,262 166,189
    EVERCORE PARTNERS INC 94,593 73,707
    EXXON MOBIL CORP 104,352 87,624
    FACEBOOK INC CL A 187,804 160,585
    EAST WEST BANCORP INC 150,789 117,096
    PEPSICO INC 123,525 160,196
    ALIGN TECHNOLOGY INC 85,644 70,159
    PORTLAND GENERAL ELECTRIC CO 71,657 73,360
    PROCTER & GAMBLE CO 129,093 137,880
    QUALCOMM 159,732 159,348
    ROPER INDUSTRIES INC 166,243 197,225
    RPM INTL INC 96,347 105,804
    SALESFORCE COM INC 177,020 213,673
    SVB FINANCIAL CORPORATION 112,012 104,456
    TARGET CORP COM 129,048 155,312
    TERADYNE INC 117,444 96,964
    THERMO FISHER SCIENTIFIC INC 147,246 180,151
    VERIZON COMMUNICATIONS INC 145,221 168,660
    VISA INC 110,750 150,412
    WASTE MGMT INC DEL 98,101 121,204
    WATSCO INC COM 287,887 244,052
    ZEBRA TECHNOLOGIES CORP CL A 84,913 117,830
    PFIZER INC COM 84,614 111,308
    COHEN AND STEERS INFRASTRUCTURCOM 190,413 169,442
    ECOLAB INC COM 155,087 164,295
    COCA COLA CO COM 132,432 156,492
    BAYERISCHE MOTOREN WERKE AG ADR 58,992 48,951
    BCE INC COM NEW 122,893 110,362
    BHP BILLITON LIMITED ADR 78,532 91,751
    LYONDELLBASELL INDUSTRIES N V SHS - A 108,379 96,881
    PEMBINA PIPELINE CORP 145,798 133,470
    COGNIZANT TECH SOLUTIONS 142,959 145,052
    APTIV PLC 112,356 102,206
    VODAFONE GROUP PLC ADR 63,401 45,771
    CROWN CASTLE INTL CORP 46,198 48,340
    DIGITAL RLTY TR INC COM 47,908 45,284
    EQUINIX INC COM NEW 51,500 40,544
    EXTRA SPACE STORAGE INC 70,949 80,075
    HCP INC 73,526 66,753
    OMEGA HEALTHCARE INVS INC COM 81,519 90,336
    RETAIL OPPORTUNITY INVTS CORCOM 50,994 39,700
    SENIOR HOUSING PRTY TR 74,386 41,020
    AMERICAN TOWER CORPORATION 45,706 52,994
    VORNADO RLTY TR PFD SER K 27,681 24,739
    PUBLIC STORAGE 51,530 47,393
    PUBLIC STORAGE 49,474 43,302
    ISHARES CORE S&P SMALL CAP ETF FUND 186,352 184,045
    ISHARES EMERGING MARKETS DIVIDEND ETF 420,307 379,915
    ISHARES MSCI EAFE ETF 332,321 327,934
    ISHARES RUSSELL 1000 ETF 1,869,334 1,958,996
    ISHARES TR CORE HIGH DV ETF 751,096 761,530
    ISHARES TR DJ INTL SEL DIV INDX FD 933,184 861,300
    JPMORGAN CHASE AND CO ALERIAN ML ETN 426,614 311,364
    VANGUARD FTSE EMERGING MARTKETS 304,010 304,800
    VANGUARD INDEX FDS REIT ETF 147,780 133,107
    VANGUARD INDEX FDS S&P 500 ETF 1,866,569 1,970,621
    WISDOMTREE EMRGING MKTS EQUITY INCOME FUND 372,709 375,603
    WISDOMTREE U.S. MIDCAP DIVIDEND FD 249,287 246,714
    WISDOMTREE U.S. MIDCAP EARNINGS FD 224,213 207,969
    BB&T CORPORATION DEP 1/1000 PFD F 53,489 48,730
    KIMCO 50,576 43,100
    PEBBLEBROOK HOTEL TR PFD SEC C 55,555 51,733
    PNC FINL SVCS GROUP INC COM 27,400 25,432
    WEYERHAEUSER CO COM 91,543 60,006
    ADVISERS INVESTMENT TR JOHCM INTL SL I 474,129 473,521
    AMGEN INC 102,983 111,351
    APPLE INC 270,063 272,102
    BROADCOM LTD 121,743 136,040
    CHURCH & DWIGHT INC COM 91,623 120,012
    AVALONBAY CMNTYS INC COM 47,375 45,253
    CHUBB LTD FOREIGN ORDINARY 141,618 135,639
    CINTAS CORP COM 165,989 195,708
    CHEVRON TEXACO CORP 227,281 214,860
    BERKSHIRE HATHAWAY INC DEL CL B 152,035 176,616
    BIOGEN IDEC 113,006 117,359
    CENTENE CORPORATION 89,106 98,005
    BOEING 49,815 133,838
    BANK OF AMERICA CORP 99,201 105,952
    AMAZON.COM INC 262,939 345,453
    AT&T INC 102,898 89,901
    CELGENE CORP 122,384 78,831
    CISCO SYSTEMS 111,010 151,655
    CITIGROUP INC CO COM 83,816 61,691
    DFA EMERGING MARKETS CORE EQUITY PORTFOLIO 303,091 307,312
    DFA US SMALL CAP 179,863 153,153
    GUGGENHEIM FUNDS GUGGENHEIM FDS TR MACRO OPP INSTL 600,000 586,026
    SEAFARER OVERSEAS GROWN AND INC INSTL 335,407 283,441
    IVA INTERNATIONAL FUND CL I 231,053 208,767
    ADOBE SYS INC COM 118,780 195,698
    ALLEGION PLC USD 122,251 119,166
    ALPHABET INC CAP STK CL A 298,738 313,488
    ABBVIE INC. 104,234 172,580
    JP MORGAN STRATEGIC INCOME OPPS - SELECT 401,124 390,706
    NORTHERN LIGHTS FDS EAGLE MLP STRATEGY I 188,190 130,295
    GATEWAY FUND CLASS Y 342,846 330,606
    FPA CRESCENT INSTL 307,326 272,335
    BOOKING HOLDINGS INC 109,651 93,011
    CUMMINS INC 84,371 80,184
    GENERAL ELECTRIC ELEC CO COM 53,481 32,551
    GENERAL MOTORS CO 70,415 65,228
    GILEAD SCIENCES INC 80,337 64,114
    HD SUPPLY HLDGS INC 123,701 101,304
    INTUITIVE SURGICAL INC COM NEW 106,264 107,757
    IRON MTN INC 107,890 105,495
    KIMBERLY CLARK CORP COM 109,831 119,637
    KINDER MORGAN INC 80,505 69,210
    KRAFT HEINZ CO 111,213 83,067
    LAS VEGAS SANDS CORPORATION 127,739 93,690
    NEXTERA ENERGY INC 77,694 85,172
    PAYPAL HLDGS INC COM 86,369 96,704
    SONOCO PRODS CO COM 67,486 69,069
    TEXAS INSTRUMENTS INC COM 71,696 63,788
    ULTA SALON COSMETICS & FRAGRANCE INC 85,083 73,452
    UNITEDHEALTH GROUP INC 93,448 94,666
    WELLS FARGO & CO NEW COM 82,079 64,512
    PEBBLEBROOK HOTEL TR SERIES E 55,088 52,910
    SEMPRA ENERGY 76,362 70,864
    PROLOGIS INC 44,379 44,921
    NOVARTIS AG SPONSORED ADR 69,345 68,648
    SIMON PPTY GROUP INC NEW COM 35,290 33,598
    ROYAL DUTCH SHELL PLC ADR 130,306 112,752
    TOTAL S.A. SPONSORED ADR 107,789 90,011
    ROCHE HLDG LTD SPONSORED ADR 93,970 95,571
    ISHARES INC MSCI 255,221 304,118
    VANGUARD INDEX FUNDS SMALL CAP 200,750 165,649
    VANGUARD FTSE DEVELOPED MARKETS ETF 404,228 325,070
    PEBBLEBROOK HOTEL TR 97,865 83,475
    ADVISORS CHIRON CAPITAL ALLOCATION I 280,027 247,003

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIRSTENBURG FAMILY INVESTMENTS, LLC AT COST 1,305,674 1,536,153
    BLACKSTONE GROUP AT COST 131,960 121,476
    ALLIANCE BERNSTEIN HLDGS LP AT COST 127,016 128,404

    TY 2018 OtherExpensesSchedule
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    THE BLACKSTONE GROUP, LP 360 244   0
    FIRSTENBURG FAMILY INVESTMENTS, LLC 328,875 328,875   0
    FEDERAL TAXES 90,225 0   0
    ALLIANCEBERNSTEIN HOLDINGS 1,717 1,717   0
    INVESTMENT EXPENSES 767 767   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME TAX REFUND 25,798   25,798


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL MANAGEMENT AND CUSTODIAL FEES 158,257 47,477   110,780


    TY 2018 TaxesSchedule
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 24,744 24,744   0
    FOREIGN TAX PAID - BLACKSTONE 21 21   0