Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
RAYNIER INSTITUTE & FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)501 SILVERSIDE ROAD NO 123
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198091377
A Employer identification number

91-1644205
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$94,462,829J 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 25,577 25,577  
4 Dividends and interest from securities... 1,770,598 1,770,598  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,237,274
b Gross sales price for all assets on line 6a 20,334,934
7 Capital gain net income (from Part IV, line 2)... 2,237,274
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 5,000 0  
12 Total. Add lines 1 through 11........ 4,038,449 4,033,449  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 53,452 2,673   50,779
15 Pension plans, employee benefits....... 4,276 214   4,062
16a Legal fees (attach schedule)......... Click to see attachment 1,578 0   1,578
b Accounting fees (attach schedule)....... Click to see attachment 20,779 4,156   16,623
c Other professional fees (attach schedule).... Click to see attachment 190,262 187,612   2,650
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,023 1,523   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 147 0   147
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 50,432 122   50,310
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 355,949 196,300   126,149
25 Contributions, gifts, grants paid....... 3,900,000 3,900,000
26 Total expenses and disbursements. Add lines 24 and 25 4,255,949 196,300   4,026,149
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -217,500
b Net investment income (if negative, enter -0-) 3,837,149
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......... 6,291,035 5,332,206 5,332,206
3 Accounts receivable bullet5,646
Less: allowance for doubtful accounts bullet   5,133 5,646 5,646
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) 8,165,104 Click to see attachment8,581,926 8,766,959
b Investments—corporate stock (attach schedule)....... 46,368,392 Click to see attachment47,365,038 69,180,887
c Investments—corporate bonds (attach schedule)....... 6,683,371 Click to see attachment6,537,380 6,824,777
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,000,000 Click to see attachment4,473,126 4,352,354
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) 72,513,035 72,295,322 94,462,829
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........... 72,513,035 72,295,322
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 72,513,035 72,295,322
30 Total liabilities and net assets/fund balances (see instructions). 72,513,035 72,295,322
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
72,513,035
2
Enter amount from Part I, line 27a .....................
2
-217,500
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
72,295,535
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
213
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
72,295,322
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 PUBLICLY TRADED SECURITY      
b 1,455 SHS YORK CREDIT OPPORTUNITIES UNIT TRUST P 2014-06-27 2020-12-03
c CLASS ACTION SETTLMENT P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 20,273,053   17,964,740 2,308,313
b 61,620   132,920 -71,300
c 261     261
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,308,313
b       -71,300
c       261
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,237,274
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 53,336
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 53,336
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 53,336
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 54,498
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 54,498
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 1,162
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,162 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 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA, CO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletWWW.RAYNIER.ORG
    14
    The books are in care ofbulletFOUNDATION SOURCE Telephone no.bullet (800) 839-1754

    Located atbullet501 SILVERSIDE ROAD SUITE 123WILMINGTONDE ZIP+4bullet19809
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletCJ
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
    EDWARD GARDNER PRESIDENT/DIRECTOR
    1.00     		0 0 0
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    MICHAEL VALUCCI VICE PRESIDENT/SECRETARY/DIRECTOR
    1.00     		0 0 0
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    ROBERT WARTH TREASURER/DIRECTOR
    1.00     		0 0 0
    501 SILVERSIDE ROAD SUITE 123
    WILMINGTON,DE19809
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    PNC BANK INVESTMENT MANAGEMENT 187,612
    1600 MARKET STREET
    PHILADELPHIA,PA19103
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    77,197,975
    b
    Average of monthly cash balances.......................
    1b
    5,180,599
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,409,260
    d
    Total (add lines 1a, b, and c).........................
    1d
    86,787,834
    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
    86,787,834
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,301,818
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    85,486,016
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,274,301
    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
    4,274,301
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    53,336
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    53,336
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,220,965
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,000
    5
    Add lines 3 and 4............................
    5
    4,225,965
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,225,965
    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
    4,026,149
    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
    4,026,149
    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
    4,026,149
    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 4,225,965
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 3,895,624
    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......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,026,149
    a Applied to 2019, but not more than line 2a 3,895,624
    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..... 130,525
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		4,095,440
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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 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 (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
    ABINGTON HEALTH
    1101 MARKET ST STE 2004
    PHILADELPHIA,PA19107     		N/A SO II HEART OF HEALTHCARE NURSING FUND 10,000
    AMBLER THEATER INC
    91 E COURT ST
    DOYLESTOWN,PA18901     		N/A PC GENERAL & UNRESTRICTED 10,000
    ANCILLAE-ASSUMPTA ACADEMY
    2025 CHURCH RD
    WYNCOTE,PA19095     		N/A PC GENERAL & UNRESTRICTED 25,000
    ARTS WEST
    4711 CALIFORNIA AVE SW
    SEATTLE,WA98116     		N/A PC GENERAL & UNRESTRICTED 5,000
    AS-YOU-LIKE-IT-LIBRARY
    2220 NW MARKET ST L-05
    SEATTLE,WA98107     		N/A PC SEATTLE METAPHYSICAL LIBRARY 10,000
    AWBURY ARBORETUM ASSOCIATION INC
    1 AWBURY RD
    PHILADELPHIA,PA19138     		N/A PC GENERAL & UNRESTRICTED 10,000
    BAILADORES DE BRONCE
    11509 25TH AVE NE
    SEATTLE,WA98125     		N/A PC GENERAL & UNRESTRICTED 5,000
    BELLEVUE COMMUNITY COLLEGE FOUNDATION - KCBS
    3000 LANDERHOLM CIR SE A101
    BELLEVUE,WA98007     		N/A PC GENERAL & UNRESTRICTED 10,000
    BEYOND THE SURFACE
    3212 BRANT ST
    SAN DIEGO,CA92103     		N/A PC CONTINUED SUPPORT FOR THE WOMEN & WATER PROJECT 5,000
    BIKE WORKS SEATTLE
    3709 S FERDINAND ST
    SEATTLE,WA98118     		N/A PC YOUTH PROGRAMS SUPPORT 100,000
    BOOK-IT REPERTORY THEATRE
    SEATTLE CENTER 305 HARRISON ST
    SEATTLE,WA98109     		N/A PC GENERAL & UNRESTRICTED 5,000
    BYERSCHOOL FOUNDATION
    1926 ARCH ST 3F
    PHILADELPHIA,PA19103     		N/A PC CHROMEBOOK LAPTOP COMPUTERS FOR STUDENTS TO USE EITHER IN SCHOOL OR FOR DISTANCE LEARNING 50,000
    CHILDRENS HOME SOCIETY OF WASHINGTON
    12360 LAKE CITY WAY NE
    SEATTLE,WA98125     		N/A PC LAKE CITY MURAL PROJECT 5,000
    CYSTIC FIBROSIS FOUNDATION
    2002 SPROUL RD STE 102
    BROOMALL,PA19008     		N/A PC GENERAL & UNRESTRICTED 10,000
    DIGNITY FOR DIVAS
    PO BOX 283
    BELLEVUE,WA98009     		N/A PC GENERAL OPERATIONS 50,000
    DREXEL UNIVERSITY
    PO BOX 8215
    PHILADELPHIA,PA19101     		N/A PC RAYNIER FOUNDATION INVESTMENT FUND TO SUPPORT MINORITY ENTREPRENEURSHIP 500,000
    EARSHOT JAZZ SOCIETY OF SEATTLE
    3417 FREMONT AVE N
    SEATTLE,WA98103     		N/A PC EARSHOT JAZZ, SEATTLE JAZZ COVID-19 RELIEF 100,000
    ENTRE HERMANOS
    1621 S JACKSON ST STE 202
    SEATTLE,WA98144     		N/A PC GENERAL OPERATING FUND 50,000
    EPHIPHANY OF OUR LORD
    3050 WALTON RD
    PLYMOUTH MEETING,PA19462     		N/A PC GENERAL & UNRESTRICTED 15,000
    EPISCOPAL COMMUNITY SERVICES OF THE DIOCESE OF PENNSYLVANIA
    225 S 3RD ST
    PHILADELPHIA,PA19106     		N/A PC GENERAL & UNRESTRICTED 10,000
    FACE TO FACE
    109 E PRICE ST
    PHILADELPHIA,PA19144     		N/A PC GENERAL & UNRESTRICTED 10,000
    FRACTURED ATLAS INC
    PO BOX 55
    HARTSDALE,NY10530     		N/A PC 18TH & UNION 5,000
    FRACTURED ATLAS INC
    PO BOX 55
    HARTSDALE,NY10530     		N/A PC RADIAL THEATER PROJECT 5,000
    FRATERNAL ORDER OF POLICE LODGE 5 CHARITABLE FOUNDATION
    11630 CAROLINE RD
    PHILADELPHIA,PA19154     		N/A PC TO HELP THE SURVIVORS OF POLICE INJURED OR KILLED IN THE LINE OF DUTY. THESE FUNDS ARE DESIGNATED EXCLUSIVELY TO THE SURVIVOR'S FUND 200,000
    FRIENDS OF THE WISSAHICKON INC
    40 W EVERGREEN AVE STE 10
    PHILADELPHIA,PA19118     		N/A PC GENERAL & UNRESTRICTED 10,000
    FRINGEARTS
    140 N COLUMBUS BLVD
    PHILADELPHIA,PA19106     		N/A PC GENERAL OPERATING EXPENSES 25,000
    HANDMAIDS OF THE SACRED HEART OF JESUS
    2025 CHURCH RD
    WYNCOTE,PA19095     		N/A PC GENERAL & UNRESTRICTED 25,000
    HARMONY HILL OF UNION
    7362 E STATE RTE 106
    UNION,WA98592     		N/A PC GENERAL & UNRESTRICTED 5,000
    HISTORIC SEATTLE PRESERVATION FNDN
    1117 MINOR AVE
    SEATTLE,WA98101     		N/A PC TENANT RENT RELIEF EMERGENCY FUND 50,000
    HOLOCAUST CENTER FOR HUMANITY
    2045 2ND AVE
    SEATTLE,WA98121     		N/A PC GENERAL & UNRESTRICTED 5,000
    INTERACT INC
    302 S HICKS ST THE DRAKE
    PHILADELPHIA,PA19102     		N/A PC GENERAL & UNRESTRICTED 5,000
    JACK STRAW FOUNDATION
    4261 ROOSEVELT WAY NE
    SEATTLE,WA98105     		N/A PC GENERAL & UNRESTRICTED 10,000
    LAKE CITY PARTNERS ENDING HOMELESSNESS
    3120 NE 125TH ST
    SEATTLE,WA98125     		N/A PC GENERAL & UNRESTRICTED 5,000
    LIFETIME ADVOCACY PLUS
    19203 36TH AVE W STE 101
    LYNNWOOD,WA98036     		N/A PC GENERAL & UNRESTRICTED 5,000
    LIVENGRIN FOUNDATION INC
    4833 HULMEVILLE RD
    BENSALEM,PA19020     		N/A PC GENERAL OPERATING SUPPORT 200,000
    MALTZ JUPITER THEATRE INC
    1001 E INDIANTOWN RD
    JUPITER,FL33477     		N/A PC GENERAL & UNRESTRICTED 10,000
    MEADOWBROOK SCHOOL
    1641 HAMPTON RD
    MEADOWBROOK,PA19046     		N/A PC GENERAL & UNRESTRICTED 10,000
    MILLIONAIR CLUB INC
    2525 WESTERN AVE
    SEATTLE,WA98121     		N/A PC GENERAL & UNRESTRICTED 10,000
    MOUNTAINFILM LTD 01-01-94
    PO BOX 1088
    TELLURIDE,CO81435     		N/A PC GENERAL & UNRESTRICTED 5,000
    NATIONAL FOUNDATION FOR CELIAC AWARENESS
    PO BOX 544
    AMBLER,PA19002     		N/A PC BEYOND CELIAC 5,000
    NAVOS
    2600 SW HOLDEN ST
    SEATTLE,WA98126     		N/A PC GENERAL & UNRESTRICTED 5,000
    NORTHWEST AGRICULTURE BUSINESS CENTER
    PO BOX 2924
    MOUNT VERNON,WA98273     		N/A PC PUGET SOUND FOOD HUB'S CAPITAL CAMPAIGN TO EXPAND OPERATIONAL CAPACITY 100,000
    ON THE BOARDS
    PO BOX 19515
    SEATTLE,WA98109     		N/A PC GENERAL & UNRESTRICTED 5,000
    PCC FARMLAND TRUST
    1402 3RD AVE STE 709
    SEATTLE,WA98101     		N/A PC OUR FARMS, OUR FUTURE COMPREHENSIVE CAPITAL CAMPAIGN 200,000
    PENNSYLVANIA INNOCENCE PROJECT
    1515 MARKET ST STE 300
    PHILADELPHIA,PA19102     		N/A PC GENERAL & UNRESTRICTED 10,000
    PHILABUNDANCE
    3616 S GALLOWAY ST
    PHILADELPHIA,PA19148     		N/A PC GENERAL & UNRESTRICTED 5,000
    PHILADELPHIA YOUTH SPORTS COLLABORATIVE
    1501 CHERRY ST
    PHILADELPHIA,PA19102     		N/A PC GENERAL & UNRESTRICTED 10,000
    PRATT FINE ARTS CENTER
    1902 S MAIN ST
    SEATTLE,WA98144     		N/A PC ECONOMIC SUPPORT FOR YOUTH, ADULTS & TEACHING ARTISTS 150,000
    PROJECT HOME
    1515 FAIRMOUNT AVE
    PHILADELPHIA,PA19130     		N/A PC UNDERWRITE THE BUILD OUT OF A DRUG TREATMENT FACILITY 300,000
    QLAW FOUNDATION OF WASHINGTON
    PO BOX 1991
    SEATTLE,WA98111     		N/A PC GENERAL OPERATING SUPPORT 50,000
    RAGAMALA
    13022 NE 104TH ST
    KIRKLAND,WA98033     		N/A PC GENERAL & UNRESTRICTED 5,000
    RECTOR CHURCH WARDENS & VESTRYMEN OF CHRIST CHURCH OF PHILADELPHIA
    20 N AMERICAN ST
    PHILADELPHIA,PA19106     		N/A PC GENERAL & UNRESTRICTED 20,000
    SAN MIGUEL SEARCH AND RESCUE
    684 COUNTY RD 63L
    TELLURIDE,CO81435     		N/A PC GENERAL & UNRESTRICTED 5,000
    SEA-MAR COMMUNITY HEALTH CENTER
    1040 S HENDERSON ST
    SEATTLE,WA98108     		N/A PC SEA-MAR MUSEUM OF CHICANO LATINO CULTURE GENERAL OPERATION FUNDING 100,000
    SEATTLE MENNONITE CHURCH
    3120 NE 125TH ST
    SEATTLE,WA98125     		N/A PC GENERAL & UNRESTRICTED 5,000
    SEATTLE PUBLIC THEATER
    7312 W GREEN LAKE DR N
    SEATTLE,WA98103     		N/A PC GENERAL & UNRESTRICTED 5,000
    SEATTLE SHAKESPEARE FESTIVAL
    305 HARRISON ST
    SEATTLE,WA98109     		N/A PC GENERAL & UNRESTRICTED 10,000
    SHUNPIKE ARTS COLLECTIVE DBA SHUNPIKE
    815 SEATTLE BLVD S STE 215
    SEATTLE,WA98134     		N/A PC COPIOUS LOVE GENERAL OPERATING SUPPORTING THROUGH COVID-19 100,000
    SOUTH HUDSON MUSIC PROJECT
    5000 RAINIER AVE S
    SEATTLE,WA98118     		N/A PC GENERAL OPERATING FUNDS TO SUPPORT LIVE STREAMS AND SUPPORT THE ROYAL ROOM VENUE 50,000
    SQUASH SMARTS INC
    3890 N 10TH ST
    PHILADELPHIA,PA19140     		N/A PC TO CREATE YOUTH PROGRAMS AT THE ARLEN SPECTER US SQUASH CENTER 100,000
    STRAWBERRY THEATRE WORKSHOP
    PO BOX 20245
    SEATTLE,WA98102     		N/A PC RESTART OPERATIONS SUBSIDY 50,000
    STRAWBERRY THEATRE WORKSHOP
    PO BOX 20245
    SEATTLE,WA98102     		N/A PC BLACK BOX'S DIVERSITY INITIATIVE FOR 12 AVENUE ARTS ORGANIZATION 50,000
    SUSTAINABLE CONNECTIONS
    1701 ELLIS ST STE 221
    BELLINGHAM,WA98225     		N/A PC GENERAL & UNRESTRICTED 5,000
    TAPROOT THEATRE
    PO BOX 30946
    SEATTLE,WA98113     		N/A PC GENERAL & UNRESTRICTED 5,000
    TELLURIDE ADAPTIVE SKI PROGRAM
    PO BOX 2254
    TELLURIDE,CO81435     		N/A PC ORGANIZATIONAL VIDEOS FOR GRANT APPLICATIONS AND THE BLUE PARTY 5,000
    TELLURIDE AVALANCHE DOGS
    PO BOX 1398
    TELLURIDE,CO81435     		N/A PC MEDICAL FUND AND GENERAL OPERATING COSTS 2,500
    TELLURIDE INSTITUTE INC
    PO BOX 1770
    TELLURIDE,CO81435     		N/A PC CHARITABLE EVENT 5,000
    TELLURIDE SKI AND SNOWBOARD CLUB INC
    PO BOX 2824
    TELLURIDE,CO81435     		N/A PC THESE FUNDS ARE INTENDED TO BE APPLIED AS FOLLOWS: $10,000 TO CONTINUE THEIR SKI SAFETY VIDEO CAMPAIGN AND $5,000 TOWARD SCHOLARSHIPS. 15,000
    TELLURIDE SKI AND SNOWBOARD CLUB INC
    PO BOX 2824
    TELLURIDE,CO81435     		N/A PC TO BE USED TO UNDERWRITE THE ANIMATED SKI SAFETY VIDEO BEING PRODUCED BY YOUR ORGANIZATION 7,500
    TIETON ARTS AND HUMANITIES
    PO BOX 171
    TIETON,WA98947     		N/A PC GENERAL & UNRESTRICTED 5,000
    TRUSTEES OF THE LAWRENCEVILLE SCHOOL
    PO BOX 6125
    LAWRENCEVILLE,NJ08648     		N/A PC GENERAL & UNRESTRICTED 10,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA - PENN MEDICINE
    3535 MARKET ST STE 750
    PHILADELPHIA,PA19104     		N/A PC RESEARCH UNDER THE DISCRETION OF DR. ANGELA DE MICHELE 25,000
    TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST 433 FRANKLIN BLDG
    PHILADELPHIA,PA19104     		N/A PC THE PENN FUND 10,000
    UNION FOR REFORM JUDAISM - CAMP KALSMAN
    3805 108TH AVE NE STE 100
    BELLEVUE,WA98004     		N/A PC GENERAL & UNRESTRICTED 5,000
    UNITED STATES SQUASH RACQUETS ASSOCIATION INC
    555 8TH AVE RM 1102
    NEW YORK,NY10018     		N/A PC TO FUND THE CONSTRUCTION AND OPERATION OF ARLEN SPECTER US SQUASH CENTER WITH JAMES W. RAY CLASSROOM 400,000
    UNIVERSITY OF WASHINGTON FOUNDATION - SEATTLE
    PO BOX 359505
    SEATTLE,WA98195     		N/A PC UW JAZZ PROGRAM TO SUPPORT JAZZ STUDIES AT UW INCLUDING AN ARTIST-IN-RESIDENCE IN BASS AND IMP FESTIVAL 150,000
    UPLIFT SOLUTIONS INC
    417 N 8TH ST STE 300
    PHILADELPHIA,PA19123     		N/A PC CHARITABLE EVENT 10,000
    VIRGINIA MASON MEDICAL CENTER BAILEY-BOUSHAY HOUSE DIVISION
    PO BOX 1930 MS D1-MF
    SEATTLE,WA98111     		N/A PC BAILEY-BOUSHAY HOUSE, GENERAL OPERATING FUND TO SUPPORT HIV/AIDS CARE 100,000
    WASHINGTON GREEN SCHOOLS
    4649 SUNNYSIDE AVE N STE 3
    SEATTLE,WA98103     		N/A PC EXPANDING ACCESS FOR HISPANIC/LATINO AND MIGRANT STUDENTS 50,000
    WESTERLIES MUSIC INC
    161 WASHINGTON PARK APT 4B
    BROOKLYN,NY11205     		N/A PC GENERAL & UNRESTRICTED 5,000
    WILD FISH CONSERVANCY
    PO BOX 402
    DUVALL,WA98019     		N/A PC SUPPORT OF RESEARCH AND ADVOCACY FOR THE ESA-LISTED SALMON AND THEIR AQUATIC ECOSYSTEM. 150,000
    WOODMERE ART MUSEUM INC
    9201 GERMANTOWN AVE
    PHILADELPHIA,PA19118     		N/A PC GENERAL & UNRESTRICTED 10,000
    Total .................................bullet 3a 3,900,000
    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 ...........     		    14 25,577  
    4 Dividends and interest from securities....     14 1,770,598  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,237,274  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGRANT REFUNDS     		        5,000
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,033,449 5,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,038,449
    (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 RETURN OF PRIOR YEAR QUALIFYING DISTRIBUTIONS
    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:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 20,779 4,156   16,623

    TY 2020 GeneralExplanationAttachment
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Identifier Return Reference Explanation
      FORM 990-PF, PART VII-B, LINE 1A(3) & (4) RAYNIER INSTITUTE AND FOUNDATION REIMBURSED MEETING EXPENSES OF EDWARD GARDNER, TREASURER/DIRECTOR. THE AMOUNTS REIMBURSED WERE SUBSTANTIATED AND REASONABLE. AS SUCH, THE REIMBURSEMENTS ARE NOT CONSIDERED ACTS OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(E).

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 6,537,380 6,824,777

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1370 SHS ABBVIE INC (ABBV) 125,924 146,795
    520 SHS ACCENTURE PLC (ACN) 95,083 135,829
    1060 SHS ACTIVISION BLIZZARD INC (ATVI) 79,949 98,421
    340 SHS AIR PRODS & CHEM INC (APD) 77,715 92,895
    790 SHS AKAMAI TECH COM STK (AKAM) 82,644 82,942
    720 SHS ALLSTATE CORP (ALL) 77,637 79,150
    202 SHS ALPHABET INC CL A (GOOGL) 180,667 354,033
    142 SHS AMAZON COM (AMZN) 215,030 462,484
    310 SHS AMERICAN TOWER REIT INC (AMT) 72,584 69,583
    480 SHS AMERICAN WATER WORKS COMPANY INC (AWK) 35,533 73,666
    819 SHS AMERISOURCEBERGEN CORP (ABC) 73,440 80,065
    507 SHS AMGEN INC (AMGN) 84,394 116,569
    5404 SHS APPLE INC (AAPL) 237,817 717,057
    67 SHS AUTOZONE INC (AZO) 52,156 79,424
    5750 SHS BANK OF AMERICA CORP (BAC) 169,943 174,282
    301772.179 SHS BLACKROCK EVENT DRIVEN EQUITY FUND INSTITUTIONAL SHARES (BILP 2,750,000 3,014,704
    201 SHS BLACKROCK INC (BLK) 123,757 145,030
    403652.584 SHS BLACKROCK STRAT INC OPP PORTFOLIO INSTL (BSIIX) 4,000,000 4,185,877
    1360 SHS BOOZ ALLEN HAMILTON HOLDING CORPORATION (BAH) 66,387 118,565
    1890 SHS BRISTOL-MYERS SQUIBB CO (BMY) 114,845 117,237
    400 SHS BROADCOM INC (AVGO) 109,221 175,140
    1130 SHS CDW CORP (CDW) 133,356 148,923
    230 SHS CHARTER COMMUNICATIONS, INC (CHTR) 119,870 152,157
    360 SHS CINTAS CRP (CTAS) 83,007 127,246
    430 SHS CLOROX CO (CLX) 77,073 86,826
    2339 SHS COMCAST CORP (CMCSA) 78,738 122,564
    470 SHS COSTCO WHOLESALE CORPORATION (COST) 104,899 177,087
    1190 SHS D R HORTON (DHI) 87,999 82,015
    420 SHS DOLLAR GENERAL CORP (DG) 55,671 88,326
    173745.174 SHS EATON VANCE GLOBAL MACRO ABSOLUTE RETURN ADVANTAGE FD CL I (E 1,800,000 1,798,262
    1080 SHS EDWARDS LIFESCIENCES (EW) 80,902 98,528
    850 SHS ELI LILLY & CO (LLY) 76,069 143,514
    1100 SHS F M C CP (FMC) 105,711 126,423
    730 SHS FACEBOOK INC (FB) 93,710 199,407
    560 SHS FORTINET INC (FTNT) 79,194 83,177
    549 SHS HOME DEPOT INC (HD) 70,469 145,825
    4340 SHS INTERPUBLIC GROUP OF COS (IPG) 98,412 102,077
    35000 SHS INVESCO FTSE RAFI US 1000 ETF (PRF) 2,314,890 4,662,000
    120740 SHS ISHARES CORE MSCI EAFE ETF (IEFA) 6,674,507 8,341,927
    73600 SHS ISHARES MSCI USA MIN VOLATILITY (USMV) 3,393,931 4,995,968
    11550 SHS ISHARES NASDAQ BIOTECHNOLOGY (IBB) 1,092,074 1,749,709
    26000 SHS ISHARES S&P GLOBAL I (IGF) 1,202,711 1,136,460
    31900 SHS ISHARES TR S & P MIDCAP 400 INDEX FD (IJH) 4,909,247 7,331,577
    600 SHS JOHNSON & JOHNSON (JNJ) 82,759 94,428
    2568 SHS JP MORGAN CHASE (JPM) 181,881 326,316
    580 SHS KANSAS CITY SOUTHERN (KSU) 89,590 118,395
    550 SHS L3HARRIS TECHNOLOGIES (LHX) 116,192 103,961
    430 SHS LAM RESEARCH CORP (LRCX) 131,049 203,076
    220 SHS LOCKHEED MARTIN CORP (LMT) 79,795 78,096
    1780 SHS MERCK & CO INC (MRK) 148,692 145,604
    3425 SHS MICROSOFT CORP (MSFT) 325,805 761,788
    1530 SHS MONDELEZ INTERNATIONAL INC (MDLZ) 90,177 89,459
    2616 SHS MORGAN STANLEY (MS) 147,222 179,274
    770 SHS MOTOROLA SOLUTIONS INC (MSI) 129,213 130,946
    190 SHS NETFLIX INC (NFLX) 83,817 102,739
    308 SHS NORTHROP GRUMMAN CORP (NOC) 66,086 93,854
    520 SHS PAYPAL HOLDINGS, INC (PYPL) 73,690 121,784
    1543 SHS PROCTER GAMBLE CO (PG) 148,036 214,693
    600 SHS QUALCOMM INC (QCOM) 95,051 91,404
    2160 SHS QUANTA SVCS INC (PWR) 120,933 155,563
    526 SHS S&P GLOBAL INC COM (SPGI) 65,619 172,912
    23850 SHS SPDR S&P 500 ETF TRUST (SPY) 3,331,941 8,917,038
    350 SHS STRYKER CORPORATION (SYK) 75,970 85,764
    900 SHS TAIWAN SEMICONDUCTOR MFG CO LTD (TSM) 95,057 98,136
    750 SHS TARGET CORPORATION (TGT) 78,894 132,397
    240 SHS TELEDYNE TECH INC (TDY) 82,167 94,075
    370 SHS THERMO FISHER SCIENTIFIC INC (TMO) 156,332 172,339
    3491 SHS TOTAL FINA ELF S.A (TOT) 156,977 146,308
    1180 SHS TRANSUNION COM USD0.01 (TRU) 93,959 117,080
    2502 SHS TRUIST FINANCIAL CORPORATION (TFC) 84,650 119,921
    340 SHS UNITEDHEALTH GROUP INC (UNH) 50,820 119,231
    46970 SHS VANGUARD FTSE ALL-WORLD EX-US ETF (VEU) 2,101,189 2,741,169
    16700 SHS VANGUARD FTSE EMERGING MARKETS (VWO) 778,215 836,837
    27500 SHS VANGUARD GROWTH ETF (VUG) 4,769,058 6,966,850
    14428 SHS VANGUARD SM-CAP ETF (VB) 1,668,690 2,808,843
    581 SHS VISA INC (V) 48,121 127,082
    1019 SHS WEC ENERGY GROUP, INC (WEC) 60,225 93,779

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    US Government Securities - End of Year Book Value:

    8,581,926
    US Government Securities - End of Year Fair Market Value:

    8,766,959
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HUDSON BAY INTERNATIONAL FUND LTD (HUDSONBAY) FMV 3,000,000 3,722,179
    YORK CREDIT OPPORTUNITIES UNIT TRUST (YORKCREDIT) FMV 1,473,126 630,175

    TY 2020 LegalFeesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 1,578 0   1,578


    TY 2020 OtherDecreasesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Description Amount
    ADJUSTMENT - NO TAX EFFECT 213


    TY 2020 OtherExpensesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE FEES 43,000 0   43,000
    POSTAGE 2,539 0   2,539
    INSURANCE 3,666 0   3,666
    WEBSITE COSTS 724 0   724
    BANK CHARGES 122 122   0
    SUPPLIES 346 0   346
    STATE FILING FEES 35 0   35


    TY 2020 OtherIncomeSchedule2
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRANT REFUNDS 5,000   5,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT SERVICES 187,612 187,612   0
    WEBSITE DESIGN 2,650 0   2,650


    TY 2020 TaxesSchedule
    Name:
    RAYNIER INSTITUTE & FOUNDATION
    EIN:
    91-1644205
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,523 1,523   0
    EXCISE TAXES 33,500 0   0