Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019
Name of foundation
WASHINGTON RESEARCH LICENSING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2815 EASTLAKE AVENUE EAST NO 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98102
A Employer identification number

91-1160492
B Telephone number (see instructions)

(206) 336-5539
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$39,950,241J 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 152,223 152,223  
4 Dividends and interest from securities... 645,281 646,275  
5a Gross rents............ 294,208 294,208  
b Net rental income or (loss) 47,232
6a Net gain or (loss) from sale of assets not on line 10 964,750
b Gross sales price for all assets on line 6a 9,806,242
7 Capital gain net income (from Part IV, line 2)... 6,137,700
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 185,783 180,211  
12 Total. Add lines 1 through 11........ 2,242,245 7,410,617  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 849,817 227,898   621,919
14 Other employee salaries and wages...... 1,435,261 544,716   886,728
15 Pension plans, employee benefits....... 556,224 194,272   360,629
16a Legal fees (attach schedule)......... Click to see attachment 44,089 15,399   38,706
b Accounting fees (attach schedule)....... Click to see attachment 85,865 29,990   58,015
c Other professional fees (attach schedule).... Click to see attachment 248,137 61,966   191,117
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,925 1,612   2,525
19 Depreciation (attach schedule) and depletion... 20,613 7,200  
20 Occupancy.............. 348,172 120,606   230,217
21 Travel, conferences, and meetings....... 136,376 63,060   73,316
22 Printing and publications.......... 1,733 605   1,128
23 Other expenses (attach schedule)....... Click to see attachment 677,599 490,827   187,647
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,421,811 1,758,151   2,651,947
25 Contributions, gifts, grants paid....... 9,598,246 507,500
26 Total expenses and disbursements. Add lines 24 and 25 14,020,057 1,758,151   3,159,447
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,777,812
b Net investment income (if negative, enter -0-) 5,652,466
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............. 888,106 803,905 803,905
2 Savings and temporary cash investments......... 10,935,687 3,676,851 3,676,851
3 Accounts receivable bullet277
Less: allowance for doubtful accounts bullet   8,791 277 277
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) bullet363,463
Less: allowance for doubtful accounts bullet0 729,206 363,463 363,463
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 928,473 858,732 858,732
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 26,051,987 Click to see attachment25,543,413 25,543,413
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,220,861 Click to see attachment6,338,736 6,338,736
14 Land, buildings, and equipment: basis bullet748,187
Less: accumulated depreciation (attach schedule) bullet662,483 69,252 Click to see attachment85,704 85,704
15 Other assets (describe bullet) Click to see attachment3,763,973 Click to see attachment2,279,160 Click to see attachment2,279,160
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,596,336 39,950,241 39,950,241
Liabilities 17 Accounts payable and accrued expenses.......... 3,670,961 4,004,029
18 Grants payable................. 275,000 225,000
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)......... 3,945,961 4,229,029
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.................. 47,650,375 35,721,212
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)..... 47,650,375 35,721,212
31 Total liabilities and net assets/fund balances (see instructions). 51,596,336 39,950,241
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
47,650,375
2
Enter amount from Part I, line 27a .....................
2
-11,777,812
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
35,872,563
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
151,351
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
35,721,212
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 915 LABS LLC P    
b CAPITAL GAIN ON SALE OF EQUIPMENT P    
c CAPITAL GAIN ON EXEMPT USE ASSETS P    
d CLASS ACTION PROCEEDS P    
e ARCH VI P    
SHIPPABLE P    
UPTAKE P    
SNUPI P    
ALLIANCE OF ANGELS - PASS THROUGH P    
ARCH VI - PASS THROUGH P    
ARCH VII - PASS THROUGH 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 2,482     2,482
b 9,570   5,306 4,264
c 4,696,394   2,764,411 1,931,983
d 2,114     2,114
e 260,160   139,508 120,652
311,349   179,731 131,618
20,231   2,377,764 -2,357,533
6,115     6,115
1,185     1,185
    547,495 -547,495
6,842,315     6,842,315
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       2,482
b       4,264
c       1,931,983
d       2,114
e       120,652
      131,618
      -2,357,533
      6,115
      1,185
      -547,495
      6,842,315
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 6,137,700
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 2,463,248 44,025,811 0.055950
2016 3,174,685 45,323,912 0.070044
2015 2,610,241 47,098,908 0.055420
2014 3,101,045 86,663,497 0.035783
2013 2,063,552 49,381,904 0.041788
2
Total of line 1, column (d) .....................
2
0.258985
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
0.051797
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
40,163,621
5
Multiply line 4 by line 3......................
5
2,080,355
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
56,525
7
Add lines 5 and 6........................
7
2,136,880
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,201,827
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 56,525
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 56,525
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 56,525
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 160,144
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.............. 7 160,144
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 10 103,619
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet103,619 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
    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 Click to see attachment.............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WRFSEATTLE.ORG
    14
    The books are in care ofbulletJEFF EBY Telephone no.bullet (206) 336-5539

    Located atbullet2815 EASTLAKE AVE E 300SEATTLEWA ZIP+4bullet98102
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RONALD HOWELL CEO & PRESIDENT
    40.00     		439,869 46,559 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    JEFF EBY CFO/TREASURER/SECRETARY
    40.00     		336,948 27,229 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    C KENT CARLSON CHAIRMAN
    4.00     		13,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    ADRIANE BROWN DIRECTOR
    2.00     		4,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    JACQUELINE BRAINARD EMAMI DIRECTOR
    2.00     		8,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    TOM CABLE DIRECTOR
    2.00     		7,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    KEVIN CABLE DIRECTOR
    2.00     		4,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    SUE COLITON DIRECTOR
    2.00     		8,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    DR DAVID GALAS DIRECTOR
    2.00     		7,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    BROOKS SIMPSON DIRECTOR
    2.00     		13,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    JAMES R UHLIR DIRECTOR
    2.00     		9,000 0 0
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102
    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
    LORETTA L LITTLE MANAGING DIRECTOR
    40.00     		317,864 47,361 0
    2815 EASTLAKE AVE EAST SUITE 300
    SEATTLE,WA98102
    BETH G ETSCHEID DIRECTOR OF RES. COM
    40.00     		297,864 55,541 0
    2815 EASTLAKE AVE EAST SUITE 300
    SEATTLE,WA98102
    WILLIAM CANESTARO MANAGER, STRATEGIC I
    40.00     		239,430 40,535 0
    2815 EASTLAKE AVE EAST SUITE 300
    SEATTLE,WA98102
    KIMBERLY EMMONS MANAGER, RESEARCH &
    40.00     		228,770 42,234 0
    2815 EASTLAKE AVE EAST SUITE 300
    SEATTLE,WA98102
    MORGAN HELLAR ANALYST
    40.00     		146,425 31,839 0
    2815 EASTLAKE AVE EAST SUITE 300
    SEATTLE,WA98102
    Total number of other employees paid over $50,000...................bullet 2
    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
    EMBER ONE SYSTEMS SUPPORT SERVICES 110,365
    1137-B 25TH AVE
    SEATTLE,WA98122
    CLARK NUBER PS AUDIT/TAX SERVICES 85,865
    10900 NE 4TH ST STE 1400
    BELLEVUE,WA98004
    YONGMIN KIM GRANTS EVALUATION 62,490
    4431 NE 189TH PL
    LAKE FOREST PARK,WA98155
    K&L GATES LEGAL SERVICES 60,391
    925 FOURTH AVE STE 2900
    SEATTLE,WA98104
    STEVEN G LISA LTD LEGAL SERVICES 56,875
    401 N MICHIGAN AVE 1200
    CHICAGO,IL60611
    Total number of others receiving over $50,000 for professional services.............bullet1
    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 ASSIST ELIGIBLE INSTITUTIONS TO APPLY FOR PATENTS RELATED TO DISCOVERIES, INVENTIONS, AND PROCESSES RESULTING FROM THEIR RESEARCH AND TO MANAGE PATENT RIGHTS. (RELATED GRANTS: $22,800) 454,169
    2 PROMOTE, ENCOURAGE, AND SUPPORT SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS. (RELATED GRANTS: $484,700) 1,199,885
    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
    25,668,805
    b
    Average of monthly cash balances.......................
    1b
    8,248,855
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,388,733
    d
    Total (add lines 1a, b, and c).........................
    1d
    42,306,393
    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
    42,306,393
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    2,142,772
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,163,621
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,008,181
    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
    2,008,181
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    56,525
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    56,525
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,951,656
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    6,946
    5
    Add lines 3 and 4............................
    5
    1,958,602
    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
    1,958,602
    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
    3,159,447
    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
    42,380
    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
    3,201,827
    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
    56,525
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,145,302
    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 1,958,602
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 592,682
    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$ 3,201,827
    a Applied to 2017, but not more than line 2a 592,682
    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..... 1,958,602
    e Remaining amount distributed out of corpus 650,543
    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 5 650,543
    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 ......     		650,543
    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.... 650,543
    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
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) SEIBEL: COREVIEW DEMO SYSTEM 15,700
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) OFFICE OF DIVERSITY & AWARENESS- STARS WISE 50,000
    WASHINGTON STATE UNIVERSITY
    PO BOX 641025
    PULLMAN,WA91664     		NONE GOV - 170(C)(1) TEAM MENTORING PROGRAM 25,000
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) CIE SCIENCE TECHNOLOGY SHOWCASE (SEBA) 300
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) FACULTY EXCELLENCE AWARDS IN ELECTRICAL ENG 40,000
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) HEWITT MATH FELLOWSHIP 50,000
    WASHINGTON STATE UNIVERSITY
    PO BOX 641025
    PULLMAN,WA91664     		NONE GOV - 170(C)(1) GOZEN: INTELLIBRA 10,000
    WASHINGTON STATE UNIVERSITY
    PO BOX 641025
    PULLMAN,WA91664     		NONE GOV - 170(C)(1) GERSTNER: FLY SCREENING ASSAYS 50,000
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) LIU: 3D PATHOLOGY LUNG CANCER 8,500
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) HEALTH INNOVATION CHALLENGE PRIZE 7,500
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) HEALTH INNOVATION CHALLENGE PROTOTYPE FUND 10,000
    INSTITUTE FOR SYSTEMS BIOLOGY
    401 TERRY AVE N
    SEATTLE,WA98109     		NONE PC - 509(A)(1) OR (2 HADLOCK: PERSONALIZED RISK PREDICTION FOR SEPSIS 50,000
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) DAGGETT: SOBA: AN EARLY DIAGNOSTIC TEST FOR ALZHEIMERS 50,000
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) CIE BUSINESS PLAN COMPETITION 5,000
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) DR, DAVID GINGER, RETENTION AT CLEAN ENERGY INST 35,000
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) BAKER: PEPTIDES FOR IBD 50,500
    WASHINGTON STATE UNIVERSITY
    PO BOX 641025
    PULLMAN,WA91664     		NONE GOV - 170(C)(1) GUPTA: BATTERY-LESS MONITOR 50,000
    WASHINGTON RESEARCH FOUNDATION
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102     		NONE PF - PRIVATE FOUNDAT GENERAL OPERATING SUPPORT 10,937
    WASHINGTON RESEARCH FOUNDATION
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102     		NONE PF - PRIVATE FOUNDAT CAPITAL GRANT OF ASSETS, GENERAL OPERATIONAL SUPPORT 9,129,809
    WASHINGTON RESEARCH FOUNDATION
    2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102     		NONE PF - PRIVATE FOUNDAT PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. -9,140,746
    Total .................................bullet 3a 507,500
    bApproved for future payment
    UNIVERSITY OF WASHINGTON
    311 GERBERDING HALL BOX 351210
    SEATTLE,WA98199     		NONE GOV - 170(C)(1) OFFICE OF DIVERSITY & AWARENESS- STARS WISE 50,000
    Total .................................bullet 3b 50,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 152,223  
    4 Dividends and interest from securities....     14 645,281  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         47,232
    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 -971,497 1,936,247
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTY & LICENSE     		        183,101
    bREIMBURSEMENTS     01 2,682  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 -171,311 2,166,580
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,995,269
    (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.)
    5B RENTAL INCOME FROM PROGRAM RELATED ENTITIES
    8 CAPITAL GAINS FROM EXEMPT ASSETS
    11A ROYALTY AND LICENSINGS FROM PROGRAM RELATED ACTIVITIES
    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:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 85,865 29,990   58,015

    TY 2018 CashDeemedCharitableExplnStmt
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Explanation:
    PURSUANT TO SEC. 53.4942(A)-2(C)(3)(IV), WASHINGTON RESEARCH LICENSING FOUNDATION NEEDS AN ADDITIONAL AMOUNT OF CASH TO COVER ITS CURRENT OPERATING AND ADMINISTRATIVE EXPENSES, AND OTHER NORMAL CURRENT DISBURSEMENTS DIRECTLY CONNECTED WITH THE FOUNDATION'S CHARITABLE ACTIVITIES. BASED ON AN ANALYSIS OF CURRENT YEAR NET CASH FLOW FROM OPERATING ACTIVITIES, THE ORGANIZATION REQUIRES A LARGER AMOUNT OF CASH FOR ITS CHARITABLE ACTIVITIES. THE ORGANIZATION REQUIRES $2,142,772 OF CASH TO MEET ITS OPERATING AND CHARITABLE ACTIVITIES AND TO SPLIT ITS ROYALTY/LICENSING FEE OBLIGATIONS FROM THE PATENTED RESEARCH WITH THE UNIVERSITY OF WASHINGTON AND OTHER TECHNOLOGY CO-OWNERS.

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WASHINGTON RESEARCH FOUNDATION
          		2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102     		2018-06-30 1,595,142 (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. 1,595,142 NONE 5/3/2019, 5/8/2020   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    WASHINGTON RESEARCH FOUNDATION
          		2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102     		2019-06-30 9,129,809 (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. 9,129,809 NONE 5/8/2020   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    WASHINGTON RESEARCH FOUNDATION
          		2815 EASTLAKE AVENUE EAST SUITE 300
    SEATTLE,WA98102     		2019-06-30 10,937 GENERAL OPERATIONAL SUPPORT TO WASHINGTON RESEARCH LICENSING FOUNDATION (EIN:91-1160492). 10,937 NONE 5/8/2020   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 25,543,413 25,543,413

    TY 2018 InvestmentsOtherSchedule2
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS FMV 6,338,736 6,338,736

    TY 2018 LandEtcSchedule2
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 359,131 292,725 66,406 66,406
    EQUIPMENT 207,774 189,887 17,887 17,887
    FURNITURE & FIXTURES 181,282 179,871 1,411 1,411


    TY 2018 LegalFeesSchedule
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 44,089 15,399   38,706


    TY 2018 OtherAssetsSchedule
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED LICENSING FEES 3,763,973 2,279,160 2,279,160


    TY 2018 OtherDecreasesSchedule
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 151,351


    TY 2018 OtherExpensesSchedule
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EQUIPMENT & COMMUNICATIONS 45,391 15,854   30,385
    VENTURE CENTER 246,976 246,976   0
    REFERENCE MATERIALS 44,804 15,650   29,314
    INSURANCE 46,486 16,236   30,250
    OFFICE SUPPLIES 27,319 9,542   17,785
    BANK CHARGES 635 635   0
    SPONSORSHIPS 2,500 0   2,500
    RESEARCH EXPENSE 263,488 183,101   77,413
    EQUITY PARTNERSHIPS 0 2,833   0


    TY 2018 OtherIncomeSchedule2
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM EQUITY PARTNERSHIPS   -2,890  
    ROYALTY & LICENSE 183,101 183,101 183,101
    REIMBURSEMENTS 2,682   2,682


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 245,830 59,659   191,117
    INVESTMENT MANAGEMENT FEES 2,307 2,307   0


    TY 2018 TaxesSchedule
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER TAXES 2,510 0   2,510
    UBI TAXES 10,800 0   0
    PROPERTY TAX 4,615 1,612   15


    TY 2018 TransfersToControlledEntities
    Name:
    WASHINGTON RESEARCH LICENSING FOUNDATION
    EIN:
    91-1160492
    Name US /
    Foreign Address    		 EIN Description Amount
    WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST 300
    SEATTLE,WA98102     		46-4108573 CAPITAL GRANT OF ASSETS AND GENERAL OPERATIONAL SUPPORT 9,140,746
    Total     9,140,746