TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
C3INITIATIVE
DBA STELO

Number and street (or P.O. box number if mail is not delivered to street address)412 NW 8TH AVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97209

A Employer identification number

46-0846415

B Telephone number (see instructions)

(971) 267-2340

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$12,528,888J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	3,150
2	Check .............
3	Interest on savings and temporary cash investments	12		12	12
4	Dividends and interest from securities...	248,800		249,731	248,800
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		213,730
b	Gross sales price for all assets on line 6a 3,493,725
7	Capital gain net income (from Part IV, line 2)...			213,730
8	Net short-term capital gain.........				62,831
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).......		9,150	-565	9,150
12	Total. Add lines 1 through 11........	474,842		462,908	320,793
13	Compensation of officers, directors, trustees, etc.	76,000		0	6,840	69,160
14	Other employee salaries and wages......	175,591		0	0	175,591
15	Pension plans, employee benefits.......	67,505		0	1,332	66,173
16a	Legal fees (attach schedule).........		7,232	0	0	7,232
b	Accounting fees (attach schedule).......		32,151	11,759	0	20,392
c	Other professional fees (attach schedule)....		121,103	48,977	26,322	72,126
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		758	758	0	0
19	Depreciation (attach schedule) and depletion...		49,005	0	0
20	Occupancy..............	45,621		0	4,562	45,621
21	Travel, conferences, and meetings.......	943		0	0	943
22	Printing and publications..........	2,117		0	0	2,117
23	Other expenses (attach schedule).......		43,138	0	108	42,139
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	621,164		61,494	39,164	501,494
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	621,164		61,494	39,164	501,494
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-146,322
b	Net investment income (if negative, enter -0-)			401,414
c	Adjusted net income (if negative, enter -0-)...				281,629

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	18,340	276,197	276,197
	2	Savings and temporary cash investments.........	840,695	941,092	941,092
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	6,181,850	5,033,228	7,375,432
	c	Investments—corporate bonds (attach schedule).......	1,810,687	2,360,020	2,522,883
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	157,455	15,255	16,243
	14	Land, buildings, and equipment: basis 1,491,682
		Less: accumulated depreciation (attach schedule) 94,641	1,085,188	1,397,041	1,397,041
	15	Other assets (describe )	14,370	0	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,108,585	10,022,833	12,528,888
	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 )	1,265	61,835
	23	Total liabilities (add lines 17 through 22).........	1,265	61,835
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	10,107,320	9,960,998
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	10,107,320	9,960,998
	30	Total liabilities and net assets/fund balances (see instructions).	10,108,585	10,022,833

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

10,107,320

Enter amount from Part I, line 27a .....................

-146,322

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

9,960,998

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

9,960,998

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 SECURITIES
b	PUBLICLY TRADED SECURITIES
c	ENERGY TRANSFER LP	P	2019-07-26	2020-10-29
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,094,491	1,031,660	62,831
b	2,315,812	2,115,985	199,827
c	52,455	132,350	-79,895
d	30,967		30,967
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			62,831
b			199,827
c			-79,895
d			30,967
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	213,730
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 ...................		3	62,831

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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	5,580
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	5,580
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	5,580
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	13,465
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	13,465
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	7,885
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax7,885	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.C3INITIATIVE.ORG

The books are in care of bullet

STACEY GRISANTI Telephone no. bullet

(971) 267-2340

Located at bullet

412 NW 8TH AVEPORTLANDOR ZIP+4 bullet

97209

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
SHIR LY CAMIN GRISANTI	PRESIDENT 40.00	76,000	6,361
412 NW 8TH AVE PORTLAND,OR97209	PRESIDENT 40.00	76,000	6,361
LAURENCE GRISANTI	SECRETARY 3.00	0	0
412 NW 8TH AVE PORTLAND,OR97209	SECRETARY 3.00	0	0
ANTHONY GRISANTI	TREASURER 0.10	0	0
412 NW 8TH AVE PORTLAND,OR97209	TREASURER 0.10	0	0
MONICA CAMIN	DIRECTOR 0.10	0	0
412 NW 8TH AVE PORTLAND,OR97209	DIRECTOR 0.10	0	0
CARLOS CAMIN	DIRECTOR 0.10	0	0
412 NW 8TH AVE PORTLAND,OR97209	DIRECTOR 0.10	0	0

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
JENNIFER J WOODWARD	PROGRAM DIRECTOR 40.00	55,500	4,464	0
412 NW 8TH AVE PORTLAND,OR97209	PROGRAM DIRECTOR 40.00	55,500	4,464	0
RORY R SPARKS	PROGRAM DIRECTOR 40.00	50,300	4,547	0
412 NW 8TH AVE PORTLAND,OR97209	PROGRAM DIRECTOR 40.00	50,300	4,547	0






Total number of other employees paid over $50,000...................				0

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
THE FELT HAT	STRATEGIC DESIGN	71,716
4072 N WILLIAMS AVE SUITE B PORTLAND,OR97227	STRATEGIC DESIGN	71,716

Total number of others receiving over $50,000 for professional services............. bullet

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	DURING THEIR AUGUST 2020 RESIDENCY AT CAMP COLTON, ARTISTS CANNUPA HANSKA LUGER AND MARIE WATT DESIGNED A MAQUETTE FOR A COLLAPSIBLE SCULPTURE OF A CANID FORM TO BE FABRICATED AT CAMP COLTON BY STELO STAFFER NEAL FEGAN, AS A LARGER THAN LIFE STEEL FRAMED ARMATURE, WHICH WILL BE COVERED WITH A FABRIC "PELT" SEWN BY PORTLAND GARMENT FACTORY. THE NATIVE ARTS AND CULTURES FOUNDATION PARTNERED TO CREATE A VIDEO CALL TO ACTION FOR THIS COLLABORATIVE SCULPTURE PROJECT.ARTISTS LUCIA MONGE, ANTONIUS TIN BUI, MADELYNN DUBIN AND GARRICK IMATANI PARTCIPATED IN THE C3:PAPERMAKING RESIDENCY, ESTABLISHED IN 2014 TO ENGAGE ARTISTS WITH LITTLE OR NO EXPERIENCE IN HAND PAPERMAKING, AND OFFER THEM AN OPPORTUNITY TO LEARN THE CRAFT AND STRETCH THE LIMITATIONS OF WHAT THE MEDIUM CAN DO. PROVIDED WITH INSTRUCTION AND GUIDANCE VIA TECHNICAL ASSISTANCE FROM A PROFESSIONAL PAPERMAKER/ARTIST AT PULP & DECKLE STUDIO AND EXCLUSIVE 24/7 ACCESS TO THE STUDIO, RESIDENTS CREATED AND EXHIBITED NEW WORK.	50,000
2	ENVELOP: 2019 PAPERMAKING RESIDENCY EXHIBITION (POSTPONED)ARTISTS: AMY BAY, HANNAH VARAMINI, JESS PERLITZ, AND MEGAN HANLEYDESCRIPTION: SCHEDULED FOR APRIL 2-MAY 16, THE ENVELOP EXHIBITION WAS POSTPONED DUE TO COVID-19 RESTRICTIONS. ARTIST HONORARIUM COMMITMENTS WERE HONORED AND PAID REGARDLESS OF PROGRAM POSTPONEMENT. SOME FUNDS HAD ALREADY BEEN SPENT TO INSTALL THE EXHIBITION. THE WORK WAS PHOTO DOCUMENTED FOR USE IN A PUBLICATION. FUNDING SUPPORT: THE FORD FAMILY FOUNDATIONANTIDOTE: NTP WINDOW EXHIBITIONSPARTNERS: NAT TURNER PROJECTARTISTS: INTISAR ABIOTO + JAYY DODD 8/28-10/10; ARIELLA TAI + HOME SCHOOL 10/24-1/9NAT TURNER PROJECT, HOSTED BY C3:INITIATIVE, PROUDLY PRESENTS ANTIDOTE, AN EXHIBITION OF FOUR ARTISTS IN TWO PARTS OVER THE COURSE OF SIX MONTHS, ACTIVATING THE WINDOWS OF C3:INITIATIVE FOR AN EXTERIOR FACING DISPLAY, FOR THOSE WHO CHOOSE TO SEE.	24,000
3	CLASS SET VOL 4 RELEASE PARTY, FEBRUARY 6 EXPERIENCE A FULL-COVER RISOGRAPH PRINT EXHIBITION ON VIEW FOR ONE NIGHT ONLY! READINGS BY KIM STAFFORD AND MUSIC BY ZOO. THE EVENT WAS FREE AND OPEN TO THE PUBLIC.EXQUISITE SCROLLS: EXQUISITE FEETLEAD ARTIST: MALIA JENSENC3:INITIATIVE INVITED ALUMNI TO PARTICIPATE IN THIS COMMUNITY-LED PROJECT TO SUPPORT THE VITALITY OF OUR ARTS COMMUNITY AND RAISE FUNDS FOR EQUITY & LEADERSHIP SCHOLARSHIPS AT PACIFIC NORTHWEST COLLEGE OF ARTS.STUDIO RESIDENCY, FEBRUARY 2ARTISTS: EDGAR FABIEN FRIASPARTNER: DISJECTAPROGRAM: DIVINE CREATORS!: INTRO TO DIVINATION PRACTICES FOR CREATIVESPROGRAM: COMMUNITY COVID RELIEFPARTNER: REGIONAL ARTS & CULTURE COUNCIL	11,600
4	A PUBLICATION LAUNCH OF A 5-YEAR RETROSPECTIVE CATALOG, UNFOLD, HIGHLIGHTING THE VAST ARRAY OF CREATIVITY AND EXPERIMENTATION WITHIN THE MEDIUM OF PAPERMAKING THROUGH OUR PAPERMAKING RESIDENCY PROGRAM HAS BEEN POSTPONED AND IS TO BE COMPLETED IN 2021.CONFERENCE: CASCADIA ARTIST-IN-RESIDENCY NETWORK (CAIRN) SUMMIT, HOSTED BY C3:INITIATIVE, APRIL 10-15SESSIONS: PRE-CONFERENCE ZOOM TRAINING, PRESENTED BY RORY SPARKS AND EMERGING TOPICS: SHELTER IN PLACE RESIDENCIES + ALTERNATIVE WAYS TO SUPPORT ARTISTS, PRESENTED BY JENN WOODWARD & RORY SPARKS.CONFERENCE: COMMONFIELD CONVENINGSESSION: BEING GOOD NEIGHBORS: PRINCIPLES OF COMMUNITY CARE, A KALEIDOSCOPE CONVERSATION, SESSION PRESENTED BY C3:INITIATIVE ON APRIL 30. JOIN C3:INITIATIVE IN A KALEIDOSCOPE CONVERSATION AS WE CONSIDER: HOW CAN WE BE GOOD NEIGHBORS? WHAT IS COMPASSIONATE? WHAT IS ENOUGH?	30,600

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......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

9,346,470

Average of monthly cash balances.......................

702,131

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

10,048,601

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

10,048,601

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

150,729

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

9,897,872

Minimum investment return. Enter 5% of line 5..................

494,894

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.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2020 from Part VI, line 5......

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

501,494

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

346,488

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

847,982

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

847,982

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)

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
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
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........
4Qualifying distributions for 2020 from Part
XII, line 4: $
a Applied to 2019, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2020.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........
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) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......
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)

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

2012-05-31

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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	(e) Total
	281,629	273,869	272,340	234,016	1,061,854
b 85% of line 2a .........	239,385	232,789	231,489	198,914	902,576
c Qualifying distributions from Part XII, line 4 for each year listed .....	847,982	1,547,137	478,708	384,797	3,258,624
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	50	0	50
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	847,982	1,547,137	478,658	384,797	3,258,574
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	329,929	334,913	360,441	344,371	1,369,654
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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).)

SHIR LY CAMIN GRISANTI

LAURENCE GRISANTI

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	12
4 Dividends and interest from securities....	901101	211	14	248,589
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	213,730
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aALTERNATIVE INVESTMENTS	901101	-32,331	14	41,481
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		-32,120		503,812	0

13Total. Add line 12, columns (b), (d), and (e)..................

471,692

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	32,151	11,759	0	20,392

- TIN:

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

TY 2020 DepreciationSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
COMPUTERS (2)	2015-08-14	5,026	4,020	SL	5.000000000000	586	586
TINY HOUSE	2016-12-21	53,000	5,861	SL	27.500000000000	1,927	1,927
PRINTING PRESS	2018-01-10	24,720	7,062	SL	7.000000000000	3,531	3,531
PRINTING PRESS ADDITION	2019-03-04	1,182	141	SL	7.000000000000	169	169
BUILDING C3 PDX LLC	2019-03-19	1,046,896	28,552	SL	27.500000000000	38,069	38,069
C3 PDX STUDIO APARTMENTS	2020-08-24	346,488		SL	27.500000000000	4,200	4,200
BUILDING C3 PDX LLC ADDITION	2020-01-02	14,370		SL	27.500000000000	523	523

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Name of Bond	End of Year Book Value	End of Year Fair Market Value
TOUCHSTONE IMPACT BOND FUND	13,299	13,594
BNY MELLON SUSTAINABLE US EQ	10,524	12,902
BOSTON TRUST WALDEN BALANCED FUND	3,800	4,971
CALVERT EQUITY FUND	21,291	30,785
CALVERT BALANCED FUND	16,071	16,124
PARNASSUS CORE EQUITY INSTL	43,706	51,282
1919 SOCIALLY RESPON BALANCED	10,965	13,674
CALVERT LONG TERM INCOME FUND	6,658	7,172
CALVERT INCOME FUND	22,833	24,172
CALVERT BOND FUND	15,502	15,943
COMMUNITY CAPITAL TRUST INSTL	22,905	22,958
DOMINI IMPACT BOND INVESTOR	10,381	10,838
STEWARD SELECT BOND INSTITUTIONAL	12,558	12,544
TIAA-CREF CORE IMPACT BOND INSTL	24,318	23,902
DOUBLELINE TOTAL RETURN BOND FD	45,475	46,467
RBC BLUEBAY GLOBAL HIGH YIELD BOND	60,000	65,230
TIAA-CREF CORE IMPACT BOND INSTL	261,868	271,530
VANGUARD INFLATION PROCTED	50,000	52,078
CABLEVISION SYS CORP	99,000	105,875
SPRINT NEXTEL CORP	100,161	108,250
CROWN AMER LLC	97,500	105,513
CROWN CASTLE INTL CORP	95,830	109,425
CONSTELLATON BRANDS INC	196,982	218,008
ENERGY TRANSFER EQTY LP	203,819	210,660
BANK AMERICA CORP	195,878	224,736
WENDYS INTL INC	104,200	109,750
DISCOVER FINL SVCS	202,250	214,000
GOLDMAN SACHS GROUP INC	197,496	202,000
CITIGROUP INC	214,750	218,500

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AON PLC	988	1,268
ACCENTURE	2,459	3,918
EATON CORP	938	1,442
HELEN OF TROY LTD	610	667
JANUS HENDERSON GROUP	247	325
HIS MARKIT LTD	214	359
LINDE	2,912	4,480
NORWEGIAN CRUISE LINE	242	381
PENTAIR	214	265
SEAGATE TECHNOLOGY	195	249
STERIS	1,573	2,464
TRANE TECHNOLOGIES	736	1,306
WILLIS TOWERS WATSON	511	632
CHUBB LIMITED	2,668	3,078
GARMIN LTD	252	359
TE CONNECTIVITY LTD	249	363
CORE LABORATORIES	900	424
LYONDELLEBASELL INDUSTRIES	872	917
ROYAL CARRIBEAN GROUP	500	747
AFLAC INC	981	889
ATT INC	5,198	5,004
ACTIVISION BLIZZARD INC	830	1,486
ACUITY BRANDS INC	350	363
ADOBE SYSTEMS INCORPORATED	4,568	7,502
ADVANCED MICRO DEVICES INC	934	2,384
AKAMAI TECHNOLOGIES	488	525
ALIGN TECHNOLOGY INC	539	1,603
ALLSCRIPTS HEALTHCARE SOLUTIONS	206	433
ALLSTATE CORP	941	1,099
ALPHABET INC	7,055	10,511
ALPHABET INC	7,076	10,516
AMERICAN AIRLINES GROUP INC	251	315
AMERICAN EXPRESS CO	1,643	1,814
AMERICAN INTERNATIONAL GROUP	1,363	1,325
AMERICAN WATER WORKS COMPANY INC	208	307
AMERISOURCEBERGEN CORPORATION	468	587
AMERIPRISE FINANCIAL INC	373	583
AMPHENOL CORP	282	392
ANALOG DEVICES INC	538	739
ANTHEM INC	1,480	1,605
ANTERO MIDSTREAM CORP	293	409
APPLE INC	12,165	36,092
APPLIED MATERIALS INC	963	2,158
ARISTA NETWORKS INC	620	872
ATMOS ENERGY CORP	285	286
AUTODESK INC	462	916
AUTOMATIC DATA PROCESSING INC	2,089	2,467
AVERY DENNISON CORP	327	465
BJS WHSL CLUB HLDGS INC	245	224
BAKER HUGHES COMPANY	1,276	2,085
BALCHEM CORP	294	346
BALL CORP	778	1,305
BK OF AMERICA CORP	6,251	6,547
BANK OF NEW YORK MELLON CORP	1,037	849
BEST BUY CO INC	206	299
BLACKROCK INC	1,712	2,886
BOOKING HOLDINGS INC	5,714	6,682
BROADCOM INC	2,205	3,065
BROOKS AUTOMATION INC	491	746
BROWN-FORMAN CORP	754	1,191
CBOE GLOBAL MARKETS INC	617	466
CBRE GROUP INC	202	251
CIGNA CORP	2,320	2,915
CME GROUP INC	1,537	1,638
CSX CORP	1,094	1,361
CVS HEALTH CORPORATION	2,151	2,664
CAMPBELL SOUP CO	180	242
CAPITAL ONE FINANCIAL CORP	249	297
CARLISLE COMPANIES INC	443	469
CATALENT INC	2,240	3,018
CATERPILLAR INC	3,172	4,186
CELANESE CORP	515	650
CENTENE CORP	249	240
CENTERPOINT ENERGY INC	365	260
CERNER CORP	2,090	2,825
CHARTER COMMUNICATIONS INC	3,248	3,969
CHIPOTLE MEXICAN GRILL INC	1,256	1,387
CISCO SYSTEMS INC	5,557	4,967
CITIGROUP INC	3,116	3,083
COGNIZANT TECHNOLOGY SOLUTIONS	683	820
COMCAST CORP	4,122	5,450
CONAGRA BRANDS INC	392	544
CONSOLIDATED EDISON INC	1,938	1,662
CONSTELLATION BRANDS INC	1,515	1,971
COPART INC	859	1,145
CUMMINS INC	474	681
CURTISS-WRIGHT CORP	1,184	1,164
CUTERA INC	211	410
DR HORTON INC	811	758
DTE ENERGY CO	247	243
DARDEN RESTAURANTS INC	150	238
DAVITA INC	202	470
DEERE & CO	1,604	2,691
DELTA AIR LINES INC	409	322
DISNEY WALT CO	4,805	7,667
DOLLAR GEN CORP	986	1,472
DOLLAR TREE INC	415	432
DOMINION ENERGY INC	3,969	3,910
DOVER CORP	272	379
EBAY INC	3,181	4,121
ELECTRONIC ARTS INC	566	718
EMERSON ELECTRIC CO	2,023	2,411
ENERGIZER HLDGS INC	2,047	1,982
EQUITRANS MIDSTREAM CORP	269	257
ETSY INC	320	1,245
EVERSOURCE ENERGY	1,406	1,730
EXELON CORP	834	718
EXPEDIA GROUP INC	1,048	1,589
EXPEDITORS INTERNATIONAL	229	285
FLIR SYSTEMS INC	756	789
FASTENAL	432	684
FEDEX CORP	529	779
FIDELITY NATL INFORMATION SERVICES	1,270	1,415
FISERV INC	1,169	1,252
FORD MTR CO	301	308
FORTINET INC	438	446
FORTIVE CORP	354	354
FRANKLIN RESOURCES INC	193	150
FULGENT GENETICS INC	223	261
GENERAL MILLS INC	1,826	1,999
GENERAL MOTORS CO	618	666
GLOBAL PAYMENTS INC	1,218	1,508
GOLDMAN SACHS GROUP INC	784	1,055
GRACO INC	191	289
GRAND CANYON EDUCATION INC	253	279
GRUBHUB INC	852	1,263
HCA HEALTHCARE INC	1,385	1,809
HMS HOLDINGS CORP	460	551
HP INC	231	320
HALLIBURTON CO	2,046	1,399
HARTFORD FINANCIAL SERVICES GRP INC	193	196
HASBRO INC	261	281
HEALTHSTREAM INC	939	895
HELMERICH &PAYNE INC	636	811
HERSHEY COMPANY	334	457
HESKA CORP	304	437
HEWLETT PACKARD ENTERPRISE CO	191	142
HILL-ROM HOLDINGS INC	1,358	1,274
HILTON WORLDWIDE HLDGS INC	497	668
HOLLYFRONTIER CORP	1,606	1,008
HOME DEPOT INC	4,561	6,641
HOWMET AEROSPACE INC	256	400
HUNTINGTON BANCSHARES INC	192	177
IDEXX LABORATORIES INC	1,228	2,999
ILLINOIS TOOL WORKS INC	1,580	2,243
ILLUMINA INC	3,319	4,070
INGERSOLL RAND INC	187	319
INOGEN INC	939	804
INTEL CORP	5,039	4,733
INTERCONTINENTAL EXCHANGE INC	1,584	2,306
INTERNATIONAL BUS MACH CORP	2,616	2,392
INTERNATIONAL PAPER CO	186	199
INTUIT INC	251	380
IROBOT CORP	249	241
JPMORGAN CHASE & CO	9,793	12,072
KELLOGG COMPANY	1,211	1,307
KEYCORP	204	197
KNIGHT-SWIFT TRANSN HLDGS INC	415	418
KOHLS CORPORATION	209	122
KROGER CO	505	667
LKQ CORP	236	282
LAM RESEARCH CORP	516	1,417
LENNAR CORP	242	229
LOWES COMPANIES INC	1,305	2,087
LUMINEX CORP	1,208	1,295
MARSH & MCLENNAN COMPANIES INC	1,543	1,989
MARRIOTT INTERNATIONAL INC	1,443	1,583
MARTIN MARIETTA MATERIALS INC	807	852
MASCO CORP	399	549
MASIMO CORP	1,069	1,879
MASTERCARD INCORPORATED	5,415	8,567
MCCORMICK &COMPANY INC	417	574
MCKESSON CORP	454	696
MEDIFAST INC	1,132	1,571
MERCURY SYSTEMS INC	582	616
MERCURY GENERAL CORP	247	313
METLIFE INC	1,471	1,549
METTLER-TOLEDO INTERNATIONAL INC	4,054	5,698
MICROSOFT CORP	14,894	29,359
MICROCHIP TECHNOLOGY INC	260	414
MICRON TECHNOLOGY INC	722	1,203
HERMAN MILLER INC	319	338
MOLSON COORS BEVERAGE CO	406	316
MONDELEZ INTL INC	2,780	3,450
MONSTER BEVERAGE CORP	1,207	1,757
MOODYS CORP	172	290
MORGAN STANLEY	726	1,165
MOSAIC CO	373	299
NASDAQ INC	252	398
NATIONAL OILWELL VARCO INC	1,042	618
NATUS MED INC	802	581
NEOGEN CORP	538	634
NETAPP INC	390	397
NEXTERA ENERGY INC	3,457	4,629
NIKE INC	3,167	4,669
NORFOLK SOUTHN CORP	1,085	1,426
NORTHERN TRUST CORP	269	279
NOW INC	276	294
NVIDIA CORPORATION	2,631	6,266
OMNICOM GROUP INC	379	312
ONEOK INC COM	1,407	844
ORACLE CORP	2,264	2,782
OTIS WORLDWIDE CORP	395	405
PNC FINANCIAL SERVICES GROUP	1,028	1,192
PACCAR INC	1,075	1,380
PACKAGING CORP OF AMERICA	293	414
PARKER-HANNIFIN CORP	688	1,090
PATTERSON-UTI ENERGY INC	560	395
PAYCHEX INC	496	559
PAYPAL HLDGS INC	2,950	6,558
PENN VA CORP	442	386
PEPSICO INC	5,946	7,563
PETMED EXPRESS INC	395	449
PRESTIGE CONSMR HEALTHCARE INC	2,325	2,127
PRICE T ROWE GROUPS COM	297	454
PRINCIPAL FINANCIAL GROUP INC	202	198
PROGRESSIVE CORP	1,530	2,076
PUBLIC SVC ENTERPRISE GRP INC	1,232	1,224
PULTE GROUP INC	233	216
QUALCOMM INC	1,087	3,047
QUEST DIAGNOSTICS INC	593	715
RAVEN INDUSTRIES INC	336	331
REPLIGEN CORP	704	2,300
REPUBLIC SERVICES INC	495	578
ROCKWELL AUTOMATION INC	535	752
ROPER TECHNOLOGIES INC	969	1,293
ROSS STORES INC	454	614
ROYAL GOLD INC	1,280	1,276
S&P GLOBAL INC	986	1,644
SALESFORCE.COM INC	3,784	5,341
SCHWAB CHARLES CORP	1,051	1,273
SERVICE CORPORATION INTERNATIONAL	197	246
SERVICENOW INC	1,374	2,202
SHERWIN-WILLIAMS CO	1,712	2,940
SHUTTERSTOCK INC	261	502
SKYWORKS SOLUTIONS INC	244	459
SMITH A O CORP	435	439
SMUCKER J M CO	541	578
SOUTHWEST AIRLINES CO	840	886
STAMPS.COM INC	112	589
STANLEY BLACK & DECKER INC	398	536
STARBUCKS CORP	2,299	3,530
STATE STREET CORP	552	655
STEEL DYNAMICS INC	560	590
SYNCHRONY FINANCIAL	192	208
SYSCO CORP	662	668
TCF FINL CORP	257	370
TJX COMPANIES INC	1,654	2,185
T-MOBILE US INC	641	809
TABULA RASA HEALTHCARE INC	408	471
TAKE-TWO INTERACTIVE SOFTWARE INC	291	416
TARGET CORP	992	2,295
TELEDYNE TECHNOLOGIES INC	1,035	1,176
TESLA INC	9,035	9,174
TEXAS INSTRUMENTS INC	1,916	2,954
TIFFANY & CO	675	789
TORO CO	295	379
TRACTOR SUPPLY CO	269	422
TRANSDIGM GROUP INC	1,306	1,857
TRAVELERS COMPANIES INC	1,451	1,544
TRIPADVISOR INC	410	604
TRUIST FINL CORP	548	479
TWITTER INC	544	921
US BANCORP	1,698	1,537
UNDER ARMOUR INC	439	640
UNION PAC CORP	3,478	4,373
UNITED PARCEL SERVICE INC	2,068	3,200
UNITEDHEALTH GROUP INC	7,022	9,819
V F CORP	479	512
VALERO ENERGY CORP	2,528	2,319
VAREX IMAGING CORP	328	334
VERIZON COMMUNICATIONS INC	5,489	5,581
VIACOMCBS INC	1,112	857
VIATRIS INC	1,527	1,612
VISA INC	7,834	11,155
VONTIER CORPORATION	57	67
VULCAN MATERIALS CO	848	890
WABTEC	294	293
WALMART INC	5,681	7,640
WASTE MANAGEMENT INC	1,498	1,769
WATSCO INC	465	680
WELLS FARGO CO	4,777	2,897
WEST PHARMACEUTICAL SERVICES INC	927	2,550
WESTROCK CO	194	218
WILLIAMS COS INC	1,875	1,724
WILLIAMS-SONOMA INC	346	611
XILINX INC	488	567
XYLEM INC	231	305
ZOETIS INC	3,600	6,289
ZYNEX INC	531	377
M NUSHARES ETF TR NUVEEN ESG MIDCP	139,892	243,442
CALVERT US LRG CAP CORE RESPNSBL	95,368	148,111
CALVERT EMERGING MARKETS EQUITY	175,000	252,751
FRONTIER MFG GLOBAL SUSTAINABLE FUND	325,000	326,685
NIKOLA CORP	148,755	98,090
ALIBABA GROUP HOLDING	100,739	129,631
ALPHABET INC	77,646	168,253
AMAZON.COM INC	65,334	266,690
AMGEN INC	69,048	104,683
APPLE INC	100,245	426,200
AT&T INC	161,658	121,741
BECTON DICKINSON & CO	129,301	147,129
BLACKROCK INC	119,944	176,056
BRISTOL MYERS SQUIBB COMPANY	56,128	61,720
BRISTOL MYERS SQUIBB RTS	2,300	690
CHURCH & DWIGHT	23,064	63,591
CVS HEALTH CORP	48,913	41,390
EXPEDITORS INTL	20,531	46,794
FACEBOOK INC	77,589	164,169
JOHNSON & JOHNSON	77,525	102,297
LANDSTAR SYSTEM INC	77,696	161,861
MICROSOFT CORP	88,312	221,530
ORACLE CORP	84,562	111,073
OWL ROCK CAPITAL CORP	282,782	287,243
PACCAR INC	111,118	171,783
PPG INDUSTRIES INC	119,943	133,980
RAYTHEON TECHNOLOGIES CORP	54,891	71,868
SHERWIN WILLIAMS CO	85,089	162,415
ULTA BEAUTY INC	104,221	176,603
WALMART INC	38,061	58,957
WALT DISNEY CO	84,666	156,721
ZIMMER BIOMET HOLDINGS	102,604	187,990
CONSUMER DISCRETIONARY	98,338	100,488
JANUS HENDERSON	88,571	105,716
ENTERPRISE	19,239	21,921
JPMORGAN	226,071	275,776
MATTHEWS ASIA	258,072	350,742
SECTOR HEALTHCARE	77,547	121,154
SECTOR TECHNOLOGY	77,641	211,413
AT&T INC	178,738	266,476
HARTFORD FLOATING RATE	223,704	213,337
HARTFORD HIGH YIELD	80,371	83,148
ISHARES IBOXX	59,009	70,170
FIMM TREASURY PORTFOLIO	0	19,628

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ALEXANDRIA REAL ESTATE EQUITIES	AT COST	418	535
AMERICAN CAMPUS COMMUNITIES INC	AT COST	184	171
AMERICAN TOWER CORP	AT COST	2,407	2,918
AVALONBAY COMMUNITIES INC	AT COST	592	481
BOSTON PROPERTIES INC	AT COST	400	284
CROWN CASTLE INTL CORP	AT COST	1,139	1,114
CYRUSONE INC	AT COST	443	439
DIGITAL REALTY TRUST INC	AT COST	858	977
DOUGLAS EMMETT INC	AT COST	198	146
DUKE REALTY CORP	AT COST	213	278
EQUINIX INC	AT COST	1,315	2,143
EQUITY RESIDENTIAL	AT COST	819	652
ESSEX PROPERTY TRUST INC	AT COST	857	712
HEALTHPEAK PROPERTIES INC	AT COST	184	181
HOST HOTELS &RESORTS INC	AT COST	194	146
KILROY REALTY CORP	AT COST	224	172
PROLOGIS INC	AT COST	639	897
PUBLIC STORAGE	AT COST	1,132	1,155
REGENCY CENTERS CORP	AT COST	194	137
SBA COMMUNICATIONS CORP	AT COST	1,260	1,129
SIMON PROPERTY GROUP INC	AT COST	630	768
VORNADO REALTY TRUST COM	AT COST	573	485
WELLTOWER INC	AT COST	382	323

- TIN:

TY 2020 LandEtcSchedule2

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
COMPUTERS (2)	5,026	4,606	420	420
TINY HOUSE	53,000	7,788	45,212	45,212
PRINTING PRESS	24,720	10,593	14,127	14,127
PRINTING PRESS ADDITION	1,182	310	872	872
BUILDING C3 PDX LLC	1,046,896	66,621	980,275	980,275
C3 PDX STUDIO APARTMENTS	346,488	4,200	342,288	342,288
BUILDING C3 PDX LLC ADDITION	14,370	523	13,847	13,847

- TIN:

TY 2020 LegalFeesSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL	7,232	0	0	7,232

- TIN:

TY 2020 OtherAssetsSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
CONSTRUCTION IN PROGRESS	14,370	0

- TIN:

TY 2020 OtherExpensesSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
PROPERTY INSURANCE	7,128	0	7,128
MISCELLANEOUS EXPENSES	1,575	0	1,575
RESIDENCY COSTS	25,023	0	25,023
SUPPLIES	116	0	116
INSURANCE	675	68	607
REPAIRS AND MAINTENANCE	402	40	362
PROPERTY TAX EXPENSE	891	0	0
EXHIBITIONS	4,186	0	4,186
STATE FEES	1,775	0	1,775
PROFESSIONAL MEMBERSHIPS	1,367	0	1,367

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ALTERNATIVE INVESTMENTS	9,150	-565	9,150

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Description	Beginning of Year - Book Value	End of Year - Book Value
CHASE CREDIT CARD PAYABLE - 6663	53	53
CHASE CREDIT CARD PAYABLE - 6804	1,212	1,655
PPP LOAN	0	60,127

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CONSULTING	72,126	0	0	72,126
INVESTMENT	48,977	48,977	26,322	0

- TIN:

TY 2020 TaxesSchedule

Name:

C3INITIATIVE

DBA STELO

EIN:

46-0846415

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	758	758	0	0