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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
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$39,632,150J 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... 875,176 852,240  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -860,810
b Gross sales price for all assets on line 6a 19,848,858
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 9,902 -660  
12 Total. Add lines 1 through 11........ 24,268 851,580  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 160,045 32,009   128,036
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 15,350 3,454   8,059
c Other professional fees (attach schedule).... Click to see attachment 36,537 10,961   25,576
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,397 13,489   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 123,225 117,679   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 359,554 177,592   161,671
25 Contributions, gifts, grants paid....... 2,128,747 2,128,747
26 Total expenses and disbursements. Add lines 24 and 25 2,488,301 177,592   2,290,418
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,464,033
b Net investment income (if negative, enter -0-) 673,988
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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......... 2,989,497 1,042,482 1,042,482
3 Accounts receivable bullet39,200
Less: allowance for doubtful accounts bullet   39,200 39,200 39,200
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)....... 24,210,126 Click to see attachment23,996,225 32,042,979
c Investments—corporate bonds (attach schedule)....... 6,552,056 Click to see attachment6,358,909 6,507,489
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 127,017 0 0
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) 33,917,896 31,436,816 39,632,150
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 FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 33,917,896 31,436,816
29 Total net assets or fund balances (see instructions)..... 33,917,896 31,436,816
30 Total liabilities and net assets/fund balances (see instructions). 33,917,896 31,436,816
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
33,917,896
2
Enter amount from Part I, line 27a .....................
2
-2,464,033
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,453,863
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
17,047
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,436,816
Form 990-PF (2020)
Form 990-PF (2020)
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 ALLIANCEBERNSTEIN HOLDINGS P    
b ALLIANCEBERNSTEIN HOLDINGS P    
c ALLIANCEBERNSTEIN HOLDINGS P    
d PUBLICLY TRADED SECURITIES - FIRST REPUBLIC 0192 P    
e PUBLICLY TRADED SECURITIES - FIRST REPUBLIC 1477 P    
PUBLICLY TRADED SECURITIES - FIRST REPUBLIC 1486 P    
PUBLICLY TRADED SECURITIES COST ADJUSTMENT - FIRST REPUBLIC 0192 P    
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     325 -325
b 366   41 325
c 354   354 0
d 7,740,237   7,831,379 -91,142
e 6,894,275   8,097,526 -1,203,251
5,158,780   4,780,438 378,342
12,072     12,072
42,774     42,774
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       -325
b       325
c       0
d       -91,142
e       -1,203,251
      378,342
      12,072
      42,774
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 -861,205
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 9,368
c All other domestic foundations enter 1.39% 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 9,368
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 9,368
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,120
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 8,120
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 1,248
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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     		160,045 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 (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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
    34,007,196
    b
    Average of monthly cash balances.......................
    1b
    2,150,138
    c
    Fair market value of all other assets (see instructions)................
    1c
    39,200
    d
    Total (add lines 1a, b, and c).........................
    1d
    36,196,534
    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
    36,196,534
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    542,948
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    35,653,586
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,782,679
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,782,679
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,368
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    269
    c
    Add lines 2a and 2b............................
    2c
    9,637
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,773,042
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,000
    5
    Add lines 3 and 4............................
    5
    1,778,042
    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
    1,778,042
    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
    2,290,418
    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
    2,290,418
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,290,418
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,778,042
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 53,891
    e From 2019...... 80,540
    fTotal of lines 3a through e........ 134,431
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,290,418
    a Applied to 2019, 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 2020 distributable amount..... 1,778,042
    e Remaining amount distributed out of corpus 512,376
    5 Excess distributions carryover applied to 2020. 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 5 646,807
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		646,807
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 53,891
    d Excess from 2019.... 80,540
    e Excess from 2020.... 512,376
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 (2020)
    Form 990-PF (2020)
    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
    THE COMMUNITY FOUNDATION OF SOUTHWEST WASHINGTON
    610 ESTHER STREET
    VANCOUVER,WA98660     		N/A PC REPRESENTING PARTICIPATION IN FUNDING FOR THE COVID RESPONSE FUND 500,000
    NEW HOPE FARMS
    PO BOX 89
    GOLDENDALE,WA98620     		N/A PC FOR THE NEW ACTIVITY CENTER PROJECT 100,000
    LAN SU CHINESE GARDEN
    220 NW 2ND AVENUE 1050
    PORTLAND,OR97209     		N/A PC FOR THE REPLACEMENT AND UPGRADE OF THE GARDENS IRRIGATION 60,000
    BOYS & GIRLS CLUB OF SOUTHWEST WASHINGTON
    1111 MAIN STREET 605
    VANCOUVER,WA98660     		N/A PC FOR TRANSPORTATION SUPPORT 59,535
    BRIDGEVIEW HOUSING
    2500 MAIN STREET
    VANCOUVER,WA98660     		N/A PC FOR THE BRIDGEVIEW EDUCATION AND EMPLOYMENT RESOURCE CENTER CAPITAL CAMPAIGN YR 3/5 50,000
    CASA FOR CHILDREN
    1401 NE 68TH AVENUE
    PORTLAND,OR97213     		N/A PC IN SUPPORT OF THE HEALING AND RESILIENCY THROUGH THE CASA MODEL PROGRAM 50,000
    CDM CAREGIVING SERVICES
    2300 NE ANDRESEN ROAD
    VANCOUVER,WA98661     		N/A PC FOR THE AGING CARE RESOURCE CENTER CAPITAL CAMPAIGN 50,000
    DEPAUL TREATMENT CENTERS
    PO BOX 3007
    PORTLAND,OR97208     		N/A PC FOR THE HELP THE CHILDREN CAPITAL CAMPAIGN YR 3/3 50,000
    FORT VANCOUVER REGIONAL LIBRARY FOUNDATION
    1007 EAST MILL PLAIN BOULEVARD
    VANCOUVER,WA98668     		N/A PC FOR THE RIDGEFIELD LIBRARY CAPITAL CAMPAIGN YR 3/5 50,000
    FOUNDATION FOR VANCOUVER PUBLIC SCHOOLS
    PO BOX 6039
    VANCOUVER,WA98668     		N/A PC FOR THE COMMUNITY SCHOOLS FOR A BRIGHTER TOMORROW PROGRAM 50,000
    GREATER THAN
    2916 NE ALBERTA STREET D
    PORTLAND,OR97211     		N/A PC IN SUPPORT OF THE GREATER THAN COVID-19 RESPONSE CHALLENGE GRANT 50,000
    MEALS ON WHEELS PEOPLE
    7710 SW 31ST AVENUE
    PORTLAND,OR97219     		N/A PC IN SUPPORT OF MEALS ON WHEELS PEOPLE SUSTAINABILITY PROJECT 50,000
    MEDICAL TEAMS INTERNATIONAL
    14150 SW MILTON COURT
    TIGARD,OR97224     		N/A PC IN SUPPORT OF FREE MOBILE DENTAL CARE FOR LOW INCOME POPULATION IN OR/SW WA 50,000
    OPEN HOUSE MINISTRIES
    PO BOX 242
    VANCOUVER,WA98666     		N/A PC FOR THE MULTI-PURPOSE BUILDING CAPITAL CAMPAIGN 50,000
    PINK LEMONADE PROJECT
    1207 WASHINGTON STREET 125
    VANCOUVER,WA98660     		N/A PC IN SUPPORT OF PINK PRACTICALITIES PROGRAM IN SOUTHWEST WA 50,000
    SKYLINE HOSPITAL FOUNDATION
    PO BOX 1625
    WHITE SALMON,WA98672     		N/A PC FOR THE COMMUNITY EDUCATION & WELLNESS CENTER CAPITAL CAMPAIGN 50,000
    THE SALVATION ARMY
    30840 HAWTHORNE BOULEVARD
    RANCHO PALOS VERDES,CA90275     		N/A PC FOR THE CLARK COUNTY GROWING TOGETHER CAPITAL CAMPAIGN YR 4/5 50,000
    COUNCIL FOR THE HOMELESS
    2500 MAIN STREET
    VANCOUVER,WA98660     		N/A PC IN SUPPORT OF THE EMERGENCY RESPONSE FUND 48,000
    SUNSHINE DIVISION
    687 NORTH THOMPSON STREET
    PORTLAND,OR97227     		N/A PC FOR GROWING CAPACITY TO PROVIDE FOOD TO PEOPLE IN NEED PROGRAM 40,000
    YMCA OF THE COLUMBIA-WILLAMETTE
    9500 SW BARBUR BOULEVARD 200
    PORTLAND,OR97219     		N/A PC FOR THE CAMP COLLINS RECREATION LODGE CAPITAL CAMPAIGN YR 5/5 40,000
    POLICE ACTIVITIES LEAGUE OF VANCOUVER
    605 E EVERGREEN BOULEVARD
    VANCOUVER,WA98661     		N/A PC FOR THE PAL SUMMER YOUTH PROGRAM 35,000
    PORTLAND RESCUE MISSION
    PO BOX 3713
    PORTLAND,OR97208     		N/A PC FOR THE PURCHASE OF A 15 PASSENGER VAN 35,000
    PORTLAND YOUTHBUILDERS
    4816 SE 92ND AVENUE
    PORTLAND,OR97266     		N/A PC IN SUPPORT OF CONSTRUCTING PATHWAYS OUT OF POVERTY PROGRAM 35,000
    HABITAT FOR HUMANITY PORTLAND METRO EAST
    1478 NE KILLINGSWORTH STREET
    PORTLAND,OR97211     		N/A PC FOR THE ANTI-DISPLACEMENT HOME REPAIR PROJECT 33,000
    THE ALANO CLUB OF PORTLAND
    909 NW 24TH AVENUE
    PORTLAND,OR97210     		N/A PC FOR THE PURCHASE OF A 15-PASSENGER VAN 31,000
    SECOND STEP HOUSING
    2500 MAIN STREET 120
    VANCOUVER,WA98660     		N/A PC FOR HOME FURNISHINGS FOR NEW HOMES FOR HOMELESS FAMILIES WITH CHILDREN 30,498
    JUNIOR ACHIEVEMENT OF OREGON & SW WASHINGTON
    7830 SE FOSTER ROAD
    PORTLAND,OR97206     		N/A PC FOR THE JUNIOR ACHIEVEMENT LOW AND MIDDLE- INCOME SCHOOLS INITIATIVE 30,000
    AFRICAN AMERICAN ALLIANCE FOR HOMEOWNERSHIP
    825 NE 20TH AVENUE 225
    PORTLAND,OR97232     		N/A PC IN SUPPORT OF THE EQUITABLE HOUSING OPPORTUNITIES FOR PEOPLE OF COLOR PROGRAM 25,000
    NAMI SOUTHWEST WASHINGTON
    2500 MAIN STREET 120
    VANCOUVER,WA98660     		N/A PC FOR NAMI SW WA PEER MENTAL HEALTH SUPPORT PROGRAM 25,000
    RONALD MCDONALD HOUSE CHARITIES
    2620 NORTH COMMERCIAL AVENUE
    PORTLAND,OR97227     		N/A PC IN SUPPORT OF THE SUPPORTING FAMILIES EXPERIENCING A PEDIATRIC MEDICAL CRISIS PROGRAM 25,000
    THE DOUGY CENTER FOR GRIEVING CHILDREN & FAMILIES
    3903 SE 52ND AVENUE
    PORTLAND,OR97206     		N/A PC IN SUPPORT OF ENHANCING GRIEF SUPPORT FOR CHILDREN/TEENS DURING COVID-19 GLOBAL HEALTH CRISIS PROGRAM 25,000
    THE LEUKEMIA & LYMPHOMA SOCIETY
    3 INTERNATIONAL DRIVE 200
    RYE BROOK,NY10573     		N/A PC IN SUPPORT OF THE PENNIES FOR PATIENTS PROGRAM IN SOUTHWEST WASHINGTON SCHOOLS 25,000
    WASHINGTON TIMBERS FOOTBALL CLUB
    1500 NE 192ND AVENUE
    VANCOUVER,WA98684     		N/A PC FOR THE HARMONY SPORTS COMPLEX SAFETY IMPROVEMENT PROJECT 25,000
    CASCADE AIDS PROJECT
    520 NW DAVIS STREET 215
    PORTLAND,OR97209     		N/A PC IN SUPPORT OF HIV PREVENTION SERVICES IN SW WASHINGTON 22,500
    ADAPTIVE SPORTS NORTHWEST
    4840 SW WESTERN AVENUE 500
    BEAVERTON,OR97005     		N/A PC INDEPENDENCE BELONGING AND HEALTH PROGRAM FOR ADULTS AND YOUTH WITH PHYSICAL DISABILITIES 20,000
    OREGON MUSEUM OF SCIENCE & INDUSTRY
    1945 SE WATER AVENUE
    PORTLAND,OR97214     		N/A PC FOR THE EARLY CHILDHOOD EXPERIENCE AREA CAPITAL CAMPAIGN 20,000
    THE SHADOW PROJECT
    2154 NE BROADWAY STREET 130
    PORTLAND,OR97232     		N/A PC IN SUPPORT OF READING MENTORS FOR STUDENTS WITH DISABILITIES PROGRAM 18,000
    LIONS SIGHT FOUNDATION OF CLARK COUNTY
    PO BOX 1804
    VANCOUVER,WA98668     		N/A PC FOR THE PROVIDING GIFT OF USABLE SIGHT PROGRAM IN CLARK COUNTY 15,000
    MORRISON CHILD & FAMILY SERVICES
    11035 NE SANDY BOULEVARD
    PORTLAND,OR97220     		N/A PC FOR THE ROTARY YOUTH CENTER AT MORRISON CAPITAL CAMPAIGN 15,000
    PARTNERS IN CAREERS
    3210 NE 52ND STREET
    VANCOUVER,WA98663     		N/A PC FOR THE WEBSITE REBOOT PROJECT 15,000
    PORTLAND HOMELESS FAMILY SOLUTIONS
    6220 SE 92ND AVENUE
    PORTLAND,OR97266     		N/A PC IN SUPPORT OF THE PREVENTING HOMELESSNESS FOR FAMILIES WITH CHILDREN 15,000
    KIWANIS CAMP WA-RI-KI
    PO BOX 61598
    VANCOUVER,WA98666     		N/A PC FOR THE CAMP CLASSROOM AND CONFERENCE CENTER REMODEL PROJECT 11,214
    BOYS AND GIRLS AID SOCIETY
    9320 SW BARBUR BOULEVARD 200
    PORTLAND,OR97219     		N/A PC IN SUPPORT OF THE THERAPEUTIC FOSTER CARE SERVICES PROGRAM 10,000
    CELEBRATE LIFE INTERNATIONAL INC
    3104 CREEKSIDE VILLAGE DRIVE 303
    KENNESAW,GA30144     		N/A PC IN SUPPORT OF THE YOUTH MENTORING PROGRAM 10,000
    FOSTER CLUB
    620 S HOLLADAY DRIVE 1
    SEASIDE,OR97138     		N/A PC FOR THE EXPANSION OF FOSTER CLUB PROGRAMS IN PORTLAND/SW WA 10,000
    CLARK COUNTY SHERIFF SEARCH & RESCUE TEAM
    505 NW 179TH STREET
    RIDGEFIELD,WA98642     		N/A PC FOR THE SEARCH AND RESCUE EDUCATION & TRAINING PROGRAM 8,500
    CASCADIA TECHNICAL ACADEMY FOUNDATION
    12200 NE 28TH STREET
    VANCOUVER,WA98682     		N/A PC FOR THE MERTS FIRE & RESCUE TRAINING PROGRAM FOR CLARK AND COWLITZ COUNTY HIGH SCHOOL CADETS 8,000
    ST ANDREW LUTHERAN CHURCH
    5607 NE GHER ROAD
    VANCOUVER,WA98662     		N/A PC FOR THE WINTER HOSPITALITY OVERFLOW RENOVATION PROJECT 5,500
    CLARK COUNTY FOOD BANK
    6502 NE 47TH AVENUE
    VANCOUVER,WA98661     		N/A PC FOR THE SUPPORT OF CLARK COUNTY FOOD BANKS 2020 TASTE & SEE EVENT 5,000
    FOUNDATION FOR VANCOUVER PUBLIC SCHOOLS
    PO BOX 6039
    VANCOUVER,WA98668     		N/A PC FOR THE 3/19/20 FND OF VANCOUVER PUBLIC SCHOOLS LUNCHEON 5,000
    FREE CLINIC OF SOUTHWEST WASHINGTON
    4100 PLOMONDON STREET
    VANCOUVER,WA98661     		N/A PC FOR SUPPORT OF SUPPORT OF COVID 19 TESTING FOR PATIENTS OF THE FREE CLINIC OF SOUTHWEST WASHINGTON 5,000
    HUMANE SOCIETY FOR SOUTHWEST WASHINGTON
    1100 NE 192ND AVENUE
    VANCOUVER,WA98684     		N/A PC PADDLE RAISE DONATION MADE FOR 2020 AUCTION 5,000
    HUNGER FOR SUCCESS
    9404 NE 8TH STREET
    VANCOUVER,WA98664     		N/A PC IN SUPPORT OF THE WORKFORCE TRAINING AND DEVELOPMENT PROGRAM 5,000
    OPERATION WARM INC
    PO BOX 822431
    PHILADELPHIA,PA19182     		N/A PC IN SUPPORT OF IAFF LOCAL 1805 OPERATION WARM PROJECT 5,000
    POLICE ACTIVITIES LEAGUE OF VANCOUVER
    605 E EVERGREEN BOULEVARD
    VANCOUVER,WA98661     		N/A PC SPONSORSHIP/PADDLE RAISE FOR THE 2020 PAL AUCTION 5,000
    THE MOCKINGBIRD SOCIETY
    2100 24TH AVENUE S 240
    SEATTLE,WA98144     		N/A PC IN SUPPORT OF EXPANSION OF MOCKINGBIRD FAMILY PROGRAMS IN CLARK COUNTY 5,000
    YOUTH MUSIC PROJECT
    2015 8TH AVENUE
    WEST LINN,OR97068     		N/A PC IN SUPPORT OF THE PARTNERSHIP WITH FRIENDS OF THE CHILDREN PROJECT 5,000
    NAUTICAL SAFETY FOUNDATION
    152 SE SPOKANE STREET 10
    PORTLAND,OR97202     		N/A PC FOR THE SAVE A LIFE/ GIVE A JACKET PROGRAM 2,500
    CLARK COUNTY YOUNG LIFE
    8715 ST HELENS AVENUE
    VANCOUVER,WA98664     		N/A PC SUPPORT FOR YOUNG LIFES 2020 FUNDRAISING BANQUET 500
    Total .................................bullet 3a 2,128,747
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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....     14 875,176  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     16 4,570  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -860,810  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aINCOME TAX REFUND     		        332
    bDONATION REFUND         5,000
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 18,936 5,332
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    24,268
    (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
    11B REFUND OF PRIOR YEAR GRANT
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 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 15,350 3,454   8,059

    TY 2020 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
    ALLSTATE CORP .75% 12/15/2025 111,983 112,566
    AT&T INC 4.35% 03/01/2029 70,805 71,560
    BANK OF AMERICA CORP 3.864% 07/23/2024 127,495 134,441
    BAT CAP CORP GLBL NT 4.906%30 4.906% 04/02/2030 137,984 138,884
    CAPITAL ONE FINANCIAL CORP 4.25% 04/30/2025 134,770 142,676
    CITIGROUP INC 3.142% 01/24/2023 134,189 133,678
    DOUBLELINE FDS TR CORE FIXED INCOME 378,344 403,662
    DOUBLELINE TOTAL RETURN BOND FD CL I 188,497 185,995
    FEDERATED FUNDS INSTL HIGH YIELD BOND FD 807 932
    GENUINE PARTS CO SR GLBL NT 30 1.875% 11/01/2030 112,436 113,128
    GOLDMAN SACHS GROUP INC 3.272% 09/29/2025 136,184 140,215
    INVESCO TR II CEF INCOME COMPOSITE 99,405 100,935
    JP MORGAN CHASE & CO 3.782% 02/01/2028 74,328 74,709
    LEGGETT & PLATT INC 4.4% 03/15/2029 74,555 74,409
    OMNI GROUP INC SR NT 3.625%22 3.625% 05/01/2022 119,964 125,158
    PHILLIPS 66 2.15% 12/15/2030 133,602 136,032
    PIMCO INCOME FD INSTITUTIONAL FD 345,371 344,594
    PUBLIC SERVICES ENTERPRISES 2.875% 06/15/2024 125,471 133,488
    SIMON PPTY GROUP LP SR GLBL NT 29 2.45% 09/13/2029 141,343 147,060
    STRYKER CORP 2.625% 03/15/2021 133,854 133,245
    THORNBURG LTD TERM INCOME CLASS I 298,811 317,909
    US TREASURY NOTES .5% 04/30/2027 134,697 134,663
    US TREASURY NOTES 1.25% 08/31/2024 401,701 401,451
    US TREASURY NOTES 1.375% 08/31/2023 357,754 357,300
    US TREASURY NOTES 1.5% 02/15/2030 129,966 132,241
    US TREASURY NOTES 1.625% 08/31/2022 360,757 364,843
    US TREASURY NOTES 1.875% 06/30/2026 266,153 266,518
    US TREASURY NOTES 2% 08/15/2025 265,209 263,892
    US TREASURY NOTES 2.625% 05/15/2021 352,223 354,208
    US TREASURY NOTES 2.875% 08/15/2028 140,667 139,392
    VANGUARD FIXED INCOME SECS FD S/T TREAS ADML 100,000 102,279
    VANGUARD INTERMED TRM INVST GR ADMIRAL 586,026 633,852
    WALGREENS BOOTS ALLIANCE INC 3.45% 06/01/2026 54,061 58,618
    WELLS FARGO & CO 3% 10/23/2026 129,497 132,956

    TY 2020 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
    3M CO 100,616 99,630
    ABBVIE INC 57,904 100,400
    ADOBE INC 124,090 303,573
    ADVISERS INVESTMENT TR JOHCM INTL SL I 867,442 1,134,718
    ALEXANDRIA REAL ESTATE 95,322 102,477
    ALLEGION PLC USD 102,512 140,820
    ALPHABET INC CAP STK CL A 270,857 441,665
    AMAZON.COM INC 585,333 556,935
    AMERICAN TOWER CORPORATION 29,344 42,647
    APPLE INC 345,374 761,906
    AT&T INC 151,316 138,192
    AUTOMATIC DATA PROCESSING INC COMMON 177,412 227,298
    BANK OF AMERICA CORP 263,304 295,007
    BERKSHIRE HATHAWAY INC DEL CL B NEW 130,304 166,019
    BHP GROUP LIMITED SPONSORED ADS 103,362 156,816
    BLACKSTONE GROUP INC CL A 63,960 115,362
    BOSTON PROPERTIES INC 125,246 118,163
    BRISTOL MYERS SQUIBB 105,920 109,792
    BROADCOM INC 238,404 403,260
    CARDINAL HEALTH INC 128,570 149,967
    CENTENE CORPORATION 121,920 128,583
    CHEVRON CORP 262,679 236,038
    CHUBB LTD 123,315 138,528
    CINTAS CORP 93,167 170,721
    CISCO SYSTEMS 108,385 138,725
    CITIGROUP INC COM 147,269 183,130
    CITIZENS FINANCIAL GROUP INC 338,682 389,605
    COCA COLA CO COM 165,033 205,376
    COMCAST CORP NEW CLASS A 156,356 216,779
    CONSTELLATION BRANDS INC 116,878 133,401
    CROWN CASTLE INTL CORP 140,562 160,623
    CUMMINS INC 104,177 162,831
    DANAHER CORP 85,209 177,268
    DFA EMERGING MARKETS CORE EQUITY PORTFOLIO 216,724 256,390
    DIGITAL RLTY TR INC COM 59,860 68,360
    DISNEY WALT CO DISNEY WALT CO COM 164,318 254,014
    DOLLAR GEN CORP NEW COMM 87,285 133,330
    DUKE ENERGY CORP 120,514 128,092
    EAST WEST BANCORP INC 104,839 148,631
    ECOLAB INC 98,017 141,716
    EDWARDS LIFESCIENCES CORP 90,512 184,467
    EMERSON ELEC CO COM 125,784 176,251
    EQUINIX INC COM NEW 64,468 85,702
    ESTEE LAUDER COMPANIES INC 167,973 169,829
    EXTRA SPACE STORAGE INC 70,949 102,536
    EXXON MOBIL CORP 160,960 155,606
    FACEBOOK INC CL A 107,519 171,271
    FORTIVE CORP 137,489 148,439
    GENERAL MILLS INC 147,995 161,406
    GLOBAL PMTS INC 160,244 193,878
    HEWLETT PACKARD ENTERPRISE CO 100,204 97,170
    HOME DEPOT INC 303,770 397,102
    HONEYWELL INTL INC 159,208 212,700
    IDEXX LABORATORIES INC 74,507 204,947
    INTERNATIONAL BUSINESS MACHINES CORP 186,183 156,721
    INTUITIVE SURGICAL INC COM NEW 92,056 147,258
    ISHARES EDGE MSCI MIN VOL EMERGING MARKET 67,366 73,296
    ISHARES INC ESG MSCI 123,228 178,241
    ISHARES MIN VOL EAFE ETF 661,850 689,687
    ISHARES MSCI EAFE ETF 203,375 229,386
    ISHARES RUSSELL 1000 ETF 1,371,608 2,139,584
    ISHARES TR CORE HIGH DV ETF 1,127,043 1,128,751
    ISHARES TR DJ INTL SEL DIV INDEX FD 349,258 404,328
    JOHNSON & JOHNSON INC 99,602 114,887
    JP MORGAN CHASE & CO 188,636 259,731
    JP MORGAN HEDGED EQUITY CLASS R6 187,478 210,333
    KIMBERLY CLARK CORP COM 122,038 138,201
    LINDE PLC 260,039 272,733
    LOCKHEED MARTIN CORP 309,968 344,331
    MCDONALDS CORP 113,994 221,017
    MEDTRONIC PLC 77,187 92,541
    MERCK & CO INC 233,020 258,406
    MICROSOFT CORP 371,883 666,593
    MONDELEZ INTL INC CLASS A 110,800 119,864
    MORGAN STANLEY 155,127 224,778
    NEXTERA ENERGY INC 72,380 129,303
    NORTHWEST NATURAL HOLDINGS CO 77,349 77,033
    O'REILLY AUTOMOTIVE INC 129,215 149,348
    PARKER HANNIFIN CORP 206,557 253,341
    PAYCHEX INC 122,583 184,031
    PAYPAL HLDGS INC 101,882 270,735
    PEPSICO INC 103,969 175,439
    PFIZER INC COM 179,565 201,535
    PNC FINL SVCS GROUP INC 101,501 144,232
    PORTLAND GENERAL ELECTRIC CO 83,779 77,841
    PPL CORPORATION 92,406 81,921
    PRICE T ROWE GROUP INC 158,252 181,971
    PRINCIPAL FUNDS PREFERRED SECURITIES INSTL 150,000 175,671
    PROCTER & GAMBLE CO 151,755 221,233
    PROGRESSIVE CORP OHIO 144,703 185,598
    PROLOGIS INC 104,138 124,874
    PUBLIC STORAGE 49,474 54,936
    PUBLIC STORAGE 51,530 57,288
    PUBLIC STORAGE INC 50,740 49,650
    QUALCOMM 102,074 281,829
    RAYTHEON TECHNOLOGIES CORP 179,424 194,150
    ROCHE HLDG LTD SPONSORED ADR 93,970 134,808
    ROPER INDUSTRIES INC 110,412 169,418
    RPM INTL INC 212,977 293,855
    SALESFORCE COM INC 112,708 206,730
    SEAFARER OVERSEAS GROWTH & INC INSTL 227,885 255,961
    SELECT SECTOR SPDR TR ENERGY 36,463 40,743
    SEMPRA ENERGY 80,475 81,542
    STARBUCKS CORP 120,332 173,843
    SVB FINANCIAL CORPORATION 92,470 169,094
    SYSCO CORP 100,862 135,153
    TARGET CORP COM 89,292 269,208
    TERADYNE INC 71,029 210,287
    TEXAS INSTRUMENTS INC 116,436 172,337
    THERMO FISHER SCIENTIFIC INC 136,763 257,576
    TJX COS INC NEW 85,995 116,503
    TRUIST FINL CORP 53,489 56,430
    TYLER TECHNOLOGIES INC 137,300 168,933
    UNION PACIFIC CORP 186,595 207,179
    UNITED PARCEL SERVICE INC 84,842 120,406
    UNITEDHEALTH GROUP INC 163,904 226,189
    US BANCORP 148,504 197,076
    VANGUARD FTSE DEVELOPED MARKETS ETF 212,456 232,368
    VANGUARD FTSE EMERGING MARKETS ETF 139,048 175,134
    VANGUARD INDEX FDS S&P 500 ETF 1,359,341 2,115,412
    VANGUARD INDEX FUNDS SMALL CAP 260,566 363,482
    VERIZON COMMUNICATIONS INC 193,900 219,725
    VISA INC 109,522 210,637
    WALGREENS BOOTS ALLIANCE INC 74,129 73,778
    WALMART INC 98,300 108,113
    WATSCO INC 238,014 322,834
    WELLS FARGO & CO NEW DEP1/1000PF CL A 49,940 51,920
    WISDOMTREE EMERGING MKTS EQUITY INCOME FUND 649,288 746,074
    WISDOMTREE TRUST INTL LRGCAP DV 294,544 387,896
    WISDOMTREE U.S. MIDCAP DIVIDEND FD 185,684 184,493
    ZEBRA TECHNOLOGIES CORP CL A 90,412 247,124

    TY 2020 OtherDecreasesSchedule
    Name:
    THE FIRSTENBURG FOUNDATION
     
    C/O NW EQUITY HOLDINGS
    EIN:
    68-0525464
    Description Amount
    INVESTMENT ADJUSTMENT - NO TAX EFFECT 17,047


    TY 2020 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
    ALLIANCEBERNSTEIN HOLDINGS 1,287 1,287   0
    INVESTMENT EXPENSES 116,392 116,392   0
    ADVERTISING EXPENSES 970 0   0
    INSURANCE EXPENSES 2,645 0   0
    MARKETING EXPENSES 635 0   0
    IT EXPENSES 1,296 0   0


    TY 2020 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
    OTHER INCOME FROM ALLIANCEBERNSTEIN HOLDINGS 4,570 -660 4,570
    INCOME TAX REFUND 332   332
    DONATION REFUND 5,000   5,000


    TY 2020 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 36,537 10,961   25,576


    TY 2020 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 13,489 13,489   0
    FEDERAL TAXES 10,533 0   0
    STATE TAXES 375 0   0