Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE BAKER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)110 S 9TH STREET SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TACOMA, WA98402
A Employer identification number

94-3027892
B Telephone number (see instructions)

(253) 383-7055
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$7,357,428J 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 16 16  
4 Dividends and interest from securities... 112,125 112,125  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 250,157
b Gross sales price for all assets on line 6a 2,038,245
7 Capital gain net income (from Part IV, line 2)... 250,157
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 1,870 0  
12 Total. Add lines 1 through 11........ 364,168 362,298  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 62,690 12,538   50,152
14 Other employee salaries and wages...... 55,878 27,939   27,939
15 Pension plans, employee benefits....... 4,046 1,288   2,758
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,900 0   5,900
c Other professional fees (attach schedule).... Click to see attachment 50,345 50,345   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,061 9,288   7,773
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 23,377 11,689   11,688
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,433 9,267   8,166
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 236,730 122,354   114,376
25 Contributions, gifts, grants paid....... 235,500 235,500
26 Total expenses and disbursements. Add lines 24 and 25 472,230 122,354   349,876
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -108,062
b Net investment income (if negative, enter -0-) 239,944
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.............   6 6
2 Savings and temporary cash investments......... 140,000 158,233 158,233
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,784,588 Click to see attachment5,667,241 7,138,820
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 76,583 Click to see attachment56,802 56,802
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,723 Click to see attachment3,567 Click to see attachment3,567
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,004,894 5,885,849 7,357,428
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) Click to see attachment60,990 Click to see attachment57,883
23 Total liabilities (add lines 17 through 22)......... 60,990 57,883
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 5,943,904 5,827,966
29 Total net assets or fund balances (see instructions)..... 5,943,904 5,827,966
30 Total liabilities and net assets/fund balances (see instructions). 6,004,894 5,885,849
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
5,943,904
2
Enter amount from Part I, line 27a .....................
2
-108,062
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,835,842
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,876
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,827,966
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 T ROWE PRICE INTERNATIONAL P    
b VANGUARD ULTRA SHORT TERM P    
c VANGUARD ULTRA SHORT TERM P    
d T ROWE PRICE INTERNATIONAL P    
e VANGUARD SHORT TERM P    
VANGUARD ULTRA SHORT TERM P    
UNION BANK P    
UNION BANK P    
UNION BANK P    
UNION BANK P    
UNION BANK P    
T ROWE PRICE INTERNATIONAL P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,421   4,061 -640
b 1,010   1,011 -1
c 8,356   8,391 -35
d 73,394   70,700 2,694
e 863,776   867,844 -4,068
488,787   489,253 -466
22,565   23,770 -1,205
168,189   157,636 10,553
26   23 3
38,796   15,949 22,847
12   9 3
218,802   149,441 69,361
151,111     151,111
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       -640
b       -1
c       -35
d       2,694
e       -4,068
      -466
      -1,205
      10,553
      3
      22,847
      3
      69,361
      151,111
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 2 250,157
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 3,335
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 3,335
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 3,335
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,688
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 4,688
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 1,353
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,353 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
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSYDNEY PARKER Telephone no.bullet (253) 383-7055

    Located atbullet110 S 9TH STREET SUITE 300TACOMAWA ZIP+4bullet98402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBERT W BETHKE EXECUTIVE DIR
    30.00     		62,690 0 0
    110 S 9TH STREET SUITE 300
    TACOMA,WA98402
    MELISSA NELSON DIRECTOR
    0.12     		0 0 0
    110 S 9TH STREET SUITE 300
    TACOMA,WA98402
    JAY PRINCE DIRECTOR
    0.12     		0 0 0
    110 S 9TH STREET SUITE 300
    TACOMA,WA98402
    DEBRA PRINCE DIRECTOR
    0.12     		0 0 0
    110 S 9TH STREET SUITE 300
    TACOMA,WA98402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,608,305
    b
    Average of monthly cash balances.......................
    1b
    230,896
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,839,201
    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
    6,839,201
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    102,588
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,736,613
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    336,831
    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
    336,831
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,335
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,335
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    333,496
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    333,496
    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
    333,496
    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
    349,876
    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
    349,876
    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
    349,876
    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 7 333,496
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 338,263
    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$ 349,876
    a Applied to 2019, but not more than line 2a 338,263
    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..... 11,613
    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 ..........     		321,883
    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).)
    ROBERT W BETHKE
    MELISSA NELSON
    JAY PRINCE
    DEBRA PRINCE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SYDNEY PARKER
    1201 PACIFIC AVENUE SUITE 1475
    TACOMA,WA98402
    (253) 383-7055
    bThe form in which applications should be submitted and information and materials they should include:
    ON AN APPLICATION FORM PROVIDED BY THE FOUNDATION. INCLUDE A) COPY OF 501(C)(3) LETTER, B) CURRENT FINANCIAL STATEMENT OR BUDGET, C) LIST OF BOARD MEMBERS, AND D) RESUME OF DIRECTOR.
    cAny submission deadlines:
    NO
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    501(C)(3) ORGANIZATIONS DEDICATED PRIMARILY TO THE YOUTH OF PIERCE COUNTY, WASHINGTON, SPECIFICALLY ADDRESSING THE AREAS OF EDUCATION, FINE ARTS AND HEALTH CARE.
    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
    ARTSFUND
    10 HARRISON ST STE 200
    SEATTLE,WA98109     		NONE 501(C)(3) PIERCE COUNTY CONTRIBUTION 500
    ASHLEY HOUSE
    33811 - 9TH AVE S
    FEDERAL WAY,WA98003     		NONE 501(C)(3) OUTREACH 25,000
    BOYS & GIRLS CLUBS OF SOUTH PUGET SOUND
    1501 PACIFIC AVE STE 301
    TACOMA,WA98402     		NONE 501(C)(3) DBM MEMORIAL GOLF TOURNAMENT/PROJECT LEARN 7,500
    CENTRUM FOUNDATION
    223 BATTERY WA
    PORT TOWNSEND,WA98368     		NONE 501(C)(3) WORKSHOPS IN THE ARTS 5,000
    CHILDREN'S HOME SOCIETY (KEY PENINSULA RESOURCE CENTER)
    201 S 34TH STREET
    TACOMA,WA98418     		NONE 501(C)(3) EDUCATION 7,000
    CHILDREN'S THERAPY
    10811 SE KENT-KANGLEY ROAD
    KENT,WA98030     		NONE 501(C)(3) HEALTHCARE 5,000
    CROHN'S & COLITIS FOUNDATION
    9 LAKE BELLEVUE DRIVE SUITE 203
    BELLEVUE,WA98005     		NONE 501(C)(3) EDUCATIONAL 5,000
    EMERGENCY FOOD NETWORK
    3318 - 92ND ST S
    LAKEWOOD,WA98499     		NONE 501(C)(3) OUTREACH 4,000
    FIRST TEE OF SOUTH PUGET SOUND
    717 SOUTH TACOMA AVENUE
    TACOMA,WA98402     		NONE 501(C)(3) NAT'L SCHOOL & LIFE SKILLS EXPERIENCE 5,000
    GIG HARBOR HIGH SCHOOL
    PO BOX 2674
    GIG HARBOR,WA98335     		NONE 501(C)(3) SCHOLARSHIPS 8,000
    GOODWILL
    714 S 27TH ST
    TACOMA,WA98409     		NONE 501(C)(3) OUTREACH 5,000
    GREATER METRO PARKS FOUNDATION
    PO BOX 64238
    TACOMA,WA98434     		NONE 501(C)(3) SUMMER PLAYGROUND PROGRAM 27,500
    GREENTRIKE
    936 BROADWAY
    TACOMA,WA98402     		NONE 501(C)(3) PLAY TO LEARN 7,500
    HABITAT FOR HUMANITY
    4824 SOUTH TACOMA WAY
    TACOMA,WA98409     		NONE 501(C)(3) OUTREACH 10,000
    HELPING HANDS HOUSE
    4321 2ND ST SW
    PUYALLUP,WA98373     		NONE 501(C)(3) OUTREACH 5,000
    HENRY FOSS HIGH SCHOOL
    2112 S TYLER
    TACOMA,WA98405     		NONE 501(C)(3) SCHOLARSHIPS 8,000
    HILLTOP ARTISTS IN RESIDENCE
    PO BOX 6829
    TACOMA,WA98417     		NONE 501(C)(3) ALTERNATIVE GLASS ARTS 5,000
    JOB CARR MUSEUM
    2350 NORTH 30TH STREET
    TACOMA,WA98403     		NONE 501(C)(3) SCHOOL OUTREACH 5,000
    JUNIOR ACHIEVEMENT
    1610 PERIMETER RD
    AUBURN,WA98001     		NONE 501(C)(3) EDUCATIONAL 5,000
    LINCOLN HIGH SCHOOL
    701 S 37TH STREET
    TACOMA,WA98408     		NONE 501(C)(3) SCHOLARSHIPS 8,000
    MARY BRIDGE CHILDRENS HOSPITAL
    PO BOX 5296
    TACOMA,WA98415     		NONE 501(C)(3) TREE SPONSORSHIP BRIDGES 6,500
    MOUNT TAHOMA HIGH SCHOOL
    6229 SOUTH TYLER STREET
    TACOMA,WA98409     		NONE 501(C)(3) SCHOLARSHIPS 8,000
    NOURISH PIERCE COUNTY
    1702 S 72ND ST
    TACOMA,WA98408     		NONE 501(C)(3) OUTREACH 4,000
    PACIFIC SCIENCE CENTER
    200 SECOND AVE N
    SEATTLE,WA98109     		NONE 501(C)(3) EDUCATIONAL 5,000
    PALMER SCHOLARS
    PO BOX 7119
    TACOMA,WA98417     		NONE 501(C)(3) SCHOLARSHIPS 7,500
    PEACE COMMUNITY CENTER
    2106 S CUSHMAN AVENUE
    TACOMA,WA98405     		NONE 501(C)(3) EDUCATION 5,000
    PENINSULA HIGH SCHOOL
    PO BOX 283
    WAUNA,WA98395     		NONE 501(C)(3) SCHOLARSHIPS 8,000
    STADIUM HIGH SCHOOL
    111 N E ST
    TACOMA,WA98403     		NONE 501(C)(3) SCHOLARSHIPS 8,000
    TACOMA ARTS LIVE
    901 BROADWAY SUITE 700
    TACOMA,WA98402     		NONE 501(C)(3) EDUCATIONAL 5,000
    TACOMA SYMPHONY ORCHESTRA
    901 BROADWAY
    TACOMA,WA98402     		NONE 501(C)(3) SIMPLY SYMPHONIC 7,500
    UNIVERSITY OF PUGET SOUND
    1500 N WARNER ST
    TACOMA,WA984161080     		NONE 501(C)(3) EDUCATIONAL 5,000
    WILSON HIGH SCHOOL
    1202 NORTH ORCHARD STREET
    TACOMA,WA98406     		NONE 501(C)(3) SCHOLARSHIPS 8,000
    Total .................................bullet 3a 235,500
    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 16  
    4 Dividends and interest from securities....     14 112,125  
    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.....     14 1,870  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 250,157  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 364,168 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    364,168
    (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.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,900 0   5,900

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD CAPITAL OPPORTUNITY 190,599 449,423
    VANGUARD WINDSOR II 625,833 890,313
    PIMCO HI YIELD FD 14,943 18,444
    HARBOR CAP APP FUND 31,648 112,958
    VANGUARD TOTAL INTL STK INDEX FD 68,822 92,774
    SPDR S&P 500 ETF TR TR UNIT 60,438 186,940
    T ROWE GROWTH STOCK FUND 40,429 126,221
    DODGE & COX STOCK FUND 97,015 138,428
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND 35,424 37,655
    HARDING LOEVNER INTL 229,573 403,172
    EATON VANCE FLOATING RATE & HIGH INCOME FUND 47,855 47,181
    NUVEEN REAL ESTATE SECURITIES FUND 38,143 38,112
    DODGE & COX INTL STOCK FUND 84,514 93,997
    HARTFORD SCHRODER EMERGING MARKET EQUITY FUND 62,362 96,387
    AMG RIVER ROAD 178,274 190,963
    T ROWE PRICE EQUITY INCM 481,748 626,151
    VANGUARD ENERGY FUND 300,081 149,865
    ISHARES S&P GLBL ETF 199,956 318,828
    PAYDEN EMERGING MARKETS BOND FUND 11,687 11,800
    PRIMECAP ODYSSEY AGGRESIVE GROWTH 28,123 48,866
    RIVERPARK LARGE GROWTH 161,048 249,390
    WESTERN ASSET MACRO 26,258 29,679
    PIMCO INCOME FUND INST 79,328 79,363
    ISHARES TR CORE US 55,127 59,095
    PRUDENTIAL TOTAL RETURN 169,488 178,298
    BLACKROCK STRATEGIC INCOME OPPORTUNITES 35,730 37,370
    UNDISCOVERED MANAGERS BEHAVIORAL 56,996 58,833
    AQR STYLE PREMIA ALTERNATIVE 20,286 12,750
    NATIXIS ASG MANAGED FUTURES 29,322 28,339
    VANGUARD INDEX FD 10,565 14,221
    ISHARES GOLD TRUST 15,686 19,943
    VANGUARD GROWTH & INCOME FD 105,208 132,982
    PIMCO RAE FUNDAMENTAL US FD 121,657 132,539
    VICTORY SYCAMORE ESTABLISHED VALUE FD 51,816 57,233
    DOUBLELINE CORE FIXED 174,628 180,502
    MFS INTERNATIONAL GROWTH 78,638 92,815
    DELAWARE SMALL CAP 57,282 64,787
    DODGE & COX INCOME FUND 125,153 136,306
    VICTORY RS SMALL CAP GROWTH 44,847 58,853
    DFA LARGE CAP INTERNATIONAL 31,783 36,242
    BLACKROCK EVENT DRIVEN EQUITY FUND 34,788 36,135
    VANGUARD ULTRA SHORT 1,253,402 1,252,742
    ISHARES MSCI EMERGING 49,951 62,986
    AMERICAN BEACON AHL MGD 25,019 25,381
    BLACKROCK TOTAL FACTOR 25,768 23,558

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MARATHON EUROPEAN OPPORTUNITY FUND II AT COST 41,675 41,675
    MARATHON DISTRESSED SECURITIES FUND AT COST 15,127 15,127

    TY 2020 OtherAssetsSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND/INTEREST INC RECEIVABLE 3,723 3,567 3,567


    TY 2020 OtherDecreasesSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Description Amount
    TAXABLE/BOOK INCOME DIFFERENCE 7,876


    TY 2020 OtherExpensesSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE 4,055 2,028   2,027
    DUES/LICENSES 575 0   575
    EQUIPMENT RENTAL 1,838 919   919
    OFFICE EXPENSE 4,602 2,301   2,301
    MISCELLANEOUS EXPENSE 1,500 750   750
    LIABILITY INSURANCE 891 0   891
    BANK CHARGES 30 0   30
    UTILITIES 1,014 507   507
    POSTAGE AND DELIVERY 333 167   166
    MARATHON LOSS ON INVESTMENT 2,595 2,595   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NONDIVIDEND DISTRIBUTION 478 0 478
    NONDIVIDEND DISTRIBUTION 1,392 0 1,392


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 47,256 53,290
    ACCOUNT PAYABLE 13,734 4,593


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 50,345 50,345   0


    TY 2020 TaxesSchedule
    Name:
    THE BAKER FOUNDATION
    EIN:
    94-3027892
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX ON INVESTMENTS 1,382 1,382   0
    PAYROLL TAXES 15,546 7,773   7,773
    NET INVESTMENT TAX 133 133   0