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
OUROBOROS FOUNDATION
C/O JANE E TALBOT

Number and street (or P.O. box number if mail is not delivered to street address)2219 RIMLAND DRIVE SUITE 115
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BELLINGHAM, WA98226

A Employer identification number

27-2154657

B Telephone number (see instructions)

(360) 752-9600

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

$6,338,568J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	118
2	Check .............
3	Interest on savings and temporary cash investments	39,656		39,656
4	Dividends and interest from securities...	52,321		52,321
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		242,568
b	Gross sales price for all assets on line 6a 8,246,708
7	Capital gain net income (from Part IV, line 2)...			242,568
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).......
12	Total. Add lines 1 through 11........	334,663		334,545
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		416	62	354
b	Accounting fees (attach schedule).......		3,250	488	2,763
c	Other professional fees (attach schedule)....		49,464	49,464	0
17	Interest...............	13,412		13,412	0
18	Taxes (attach schedule) (see instructions)...		7,457	1,701	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		902	136	766
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	74,901		65,263	3,883
25	Contributions, gifts, grants paid.......	285,000			285,000
26	Total expenses and disbursements. Add lines 24 and 25	359,901		65,263	288,883
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-25,238
b	Net investment income (if negative, enter -0-)			269,282
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	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.............	274,112	187,481	187,481
	2	Savings and temporary cash investments.........
	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)	174,638	1,375,874	1,375,874
	b	Investments—corporate stock (attach schedule).......	5,481,135	3,740,886	3,740,886
	c	Investments—corporate bonds (attach schedule).......	0	1,034,327	1,034,327
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,929,885	6,338,568	6,338,568
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		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........	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	5,929,885	6,338,568
	29	Total net assets or fund balances (see instructions).....	5,929,885	6,338,568
	30	Total liabilities and net assets/fund balances (see instructions).	5,929,885	6,338,568

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

5,929,885

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

-25,238

Other increases not included in line 2 (itemize) bullet

433,921

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

6,338,568

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 .

6,338,568

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 - ST
b	PUBLICLY TRADED SECURITIES - LT
c	CAPITAL GAIN DISTRIBUTION
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,688,082	4,670,179	17,903
b	3,557,971	3,333,961	224,010
c	655		655
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			17,903
b			224,010
c			655
d
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	242,568
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

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	3,743
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	3,743
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	3,743
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	78
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,821
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

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?........

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

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

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

N/A

The books are in care of bullet

JANE E TALBOT Telephone no. bullet

(360) 752-9600

Located at bullet

2219 RIMLAND DRIVE SUITE 115BELLINGHAMWA ZIP+4 bullet

98226

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	(e) Expense account, other allowances
JANE E TALBOT	PRESIDENT/DIRECTOR/TREASUR 1.00	0	0	0
2219 RIMLAND DRIVE SUITE 115 BELLINGHAM,WA98226	PRESIDENT/DIRECTOR/TREASUR 1.00	0	0	0
KEVIN WILLIAMSON	DIRECTOR/VP/SECRETARY 1.00	0	0	0
2219 RIMLAND DRIVE SUITE 115 BELLINGHAM,WA98226	DIRECTOR/VP/SECRETARY 1.00	0	0	0
ANJI CITRON	DIRECTOR 1.00	0	0	0
2219 RIMLAND DRIVE SUITE 115 BELLINGHAM,WA98226	DIRECTOR 1.00	0	0	0
KATIE FRANKS	DIRECTOR 1.00	0	0	0
2219 RIMLAND DRIVE SUITE 115 BELLINGHAM,WA98226	DIRECTOR 1.00	0	0	0
JEFF YOUNG	DIRECTOR 1.00	0	0	0
2219 RIMLAND DRIVE SUITE 115 BELLINGHAM,WA98226	DIRECTOR 1.00	0	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
NONE









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
NONE

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


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

5,495,498

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

292,360

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

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

5,787,858

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

5,787,858

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

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

86,818

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

5,701,040

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

285,052

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

285,052

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

3,743

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

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

3,743

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

281,309

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

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

281,309

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

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

281,309

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 ..........

288,883

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

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

288,883

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

288,883

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					281,309
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				3,577
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: $ 288,883
a Applied to 2019, but not more than line 2a				3,577
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.....					281,309
e Remaining amount distributed out of corpus		3,997
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		3,997
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		3,997
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....	3,997

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 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

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).)

JANE E TALBOT

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
PCRM 5100 WISCONSIN AVE NW SUITE 400 WASHINGTON,DC20016	NONE	PC	GENERAL FUND	35,000
PLANNED PARENTHOOD 123 WILIAM STREET 10TH FLOOR NEW YORK,NY10038	NONE	PC	GENERAL FUND	95,000
WHATCOM LAND TRUST 412 N COMMERCIAL ST BELLINGHAM,WA98225	NONE	PC	GENERAL FUND	95,000
WESNIP PO BOX 28929 BELLINGHAM,WA98228	NONE	PC	GENERAL FUND	50,000
WHATCOM HUMANE SOCIETY 2172 DIVISION STREET BELLINGHAM,WA98226	NONE	PC	GENERAL FUND	10,000
Total ................................. 3a				285,000

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	39,656
4 Dividends and interest from securities....			14	52,321
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	242,568
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		334,545	0

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

334,545

(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:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	3,250	488		2,763

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK OF NY MELLON CORP	26,295	26,295
JOHN DEERE CAPITAL CORP	26,384	26,384
GENERAL MILLS INC	16,335	16,335
EVERSOURCE ENERGY	16,420	16,420
PNC FINANCIAL SERVICES	16,346	16,346
CATERPILLAR FINL SERVICE	26,908	26,908
DTE ENERGY COMPANY	16,275	16,275
PUBLIC SERVICE ENTERPRISE	26,910	26,910
AMERICAN EXPRESS CO	16,014	16,014
SIMON PROPERTY GRP SR LP	16,309	16,309
MORGAN STANLEY	16,699	16,699
NORTHROP GRUMMAN CORP	16,312	16,312
GOLDMAN SACHS GRP INC	16,552	16,552
VERIZON COMMUNICATIONS	16,653	16,653
NIKE INC	26,937	26,937
TARGET CORP	16,083	16,083
AMERICAN HONDA FINANCE	20,463	20,463
UNITEDHEALTH GRP INC	28,478	28,478
INTEL CORP	33,939	33,939
LOWE'S COS INC	16,739	16,739
STATE STREET CORP	26,678	26,678
LOCKHEED MARTIN CORP SR	17,035	17,035
HOME DEPOT INC	27,941	27,941
BOSTON PROPERTIES LP	10,900	10,900
COMCAST CORP	28,225	28,225
MASTERCARD INC	22,809	22,809
ANTHEM INC	17,725	17,725
CVS HEALTH CORP SR	17,854	17,854
AT&T INC	17,877	17,877
UNION PACIFIC CORP	23,189	23,189
CITIGROUP INC	29,310	29,310
BANK OF AMERICA CORP	29,756	29,756
JPMORGAN CHASE & CO	30,489	30,489
LINCOLN NATIONAL CORP	11,148	11,148
PEPSICO INC	33,572	33,572
CHUBB INA HOLDINGS INC	24,939	24,939
PROLOGIS LP	24,740	24,740
ALEXANDRIA REAL ESTATE	12,719	12,719
ROYAL BANK OF CANADA SR	30,979	30,979
BANK OF NOVA SCOTIA	30,980	30,980
BNP PARIBAS	31,881	31,881
AFRICAN DEVELOPMENT BANK	15,177	15,177
TORONTO-DOMINION BANK	35,098	35,098
ENBRIDGE INC	5,438	5,438
SCHLUMBERGER INVESTMENT	16,282	16,282
STATOIL ASA	26,545	26,545
SR UNSECURED	16,638	16,638
ENBRIDGE INC	5,352	5,352

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Name of Stock	End of Year Book Value	End of Year Fair Market Value
A O SMITH	9,758	9,758
ACADIA REALTY TR REIT	5,974	5,974
ACCENTURE PLC IRELAND ACN	56,160	56,160
ADIDAS AG-SPON	14,090	14,090
AIA GROUP LTD	18,915	18,915
ALIBABA GRP HLDG LTD ADR	10,007	10,007
ALPHABET INC	106,911	106,911
AMERICAN EXPRESS COMPANY	54,410	54,410
AMERICAN TOWER CORP	49,157	49,157
APPLE INC	179,132	179,132
ASML HOLDING NV	9,267	9,267
ASSA ABLOY AB - ADR	13,874	13,874
ATLAS COCOP AB	13,503	13,503
AVISTA CORP	8,831	8,831
AXA-ADR	22,609	22,609
BANK OF AMERICA CORP	62,651	62,651
BARRATT DEVELOPMENTS PLC	16,328	16,328
BJ'S RESTAURANTS INC	9,045	9,045
BJ'S WHOLESALE CLUB	14,427	14,427
BLACKBAUD INC	11,972	11,972
BORG WARNER INC	9,930	9,930
BRIGHT HORIZONS FAMILY	13,147	13,147
BURLINGTON STORES INC	27,201	27,201
BYD CO LTD-UNSPON ADR	6,702	6,702
CAMDEN PROPERTY TRUST	11,890	11,890
CARTER HOLDINGS INC	7,808	7,808
CISCO SYSTEMS INC	46,406	46,406
CME GROUP INC	48,425	48,425
CONOCOPHILLIPS	25,594	25,594
CORESITE REALTY CORP	14,908	14,908
CREE INC	32,300	32,300
CROWN HOLDINGS INC	54,409	54,409
CSL LTD-SPONSORED ADR	5,948	5,948
DAIKIN INDUSTRIES LTD	20,008	20,008
DASSAULT SYSTEMS	11,406	11,406
DECKERS OUTDOOR CORP	22,369	22,369
DEUTSCHE TELEKOM AG	16,388	16,388
EAST WEST BANCORP INC	19,067	19,067
EASTGROUP PPTYS INC	14,082	14,082
EATON CORP PLC	46,134	46,134
ELECTRONIC ARTS INC	33,028	33,028
ESSENTIAL UTILS INC	8,938	8,938
FANUC CORP	7,925	7,925
FERGUSON PLC SPON	13,369	13,369
FIRST SOLAR INC	12,167	12,167
FORTIVE CORP	54,248	54,248
HANESBRANDS INC	9,477	9,477
HANG LUNG PROPERTIES SP	9,588	9,588
HANOVER INSURANCE GROUP	16,836	16,836
HDFC BANK LTD-ADR	11,345	11,345
HESS CORPORATION	34,577	34,577
HEXCEL CORP NEW	12,898	12,898
HOME DEPOT INC	67,999	67,999
HORACE MANN EDUCATORS	7,315	7,315
HOST HOTELS & RESORTS	5,720	5,720
INFINEON TECHNOLOGIES	17,540	17,540
ING GROEP N V	21,457	21,457
INGEVITY CORP	15,752	15,752
INTEL CORP	27,600	27,600
IPG PHOTONICS CORP	23,050	23,050
IPG PHOTONICS CORP SERVICE INC	19,951	19,951
JONES LANG LASALLE INC	13,650	13,650
KION GRP AG UNSPON ADR	11,336	11,336
LAMB WESTON HOLDINGS INC	52,835	52,835
LHC GROUP LLC	20,692	20,692
LINCOLN ELECTRIC HLDGS	16,043	16,043
LKQ CORPORATION	13,462	13,462
LPL FINANCIAL HOLDINGS	17,405	17,405
LTC PROPERTIES INC	8,521	8,521
MACQUARIE GROUP LTD	12,436	12,436
MANPOWERGROUP INC	7,034	7,034
MASCO CORP	43,505	43,505
MASTERCARD INC CL A	42,833	42,833
MAXIM INTEGRATED PRODS	13,298	13,298
MERITAGE HOMES CORP	8,862	8,862
MICROSOFT CORP	172,153	172,153
MIDDLEBY CORP	15,599	15,599
MINERALS TECHNOLOGIES	12,300	12,300
MONDI PLC-UNSPON ADR	15,668	15,668
MSA SAFETY INC	10,607	10,607
NASPERS LTD NEW CL N ADR	10,607	10,607
NEW YORK TIMES CL A COM	23,659	23,659
NEXTERA ENERGY INC	75,067	75,067
NORTHERN TRUST CORP	48,153	48,153
O'REILLY AUTOMOTIVE INC	66,075	66,075
OMNICELL INC	33,726	33,726
ORIX CORP	15,002	15,002
ORMAT TECHNOLOGIES INC	17,875	17,875
ORSTED A/S	18,728	18,728
PAYCOM SOFTWARE INC	9,950	9,950
PROLOGIS INC	61,391	61,391
PROOFPOINT INC	17,460	17,460
PRYSMIAN SPA-UNSPON ADR	7,459	7,459
PT BANK RAKYAT INDONESIA	16,196	16,196
QUANTA SVCS INC	19,806	19,806
QUEST DIAGNOSTICS INC	63,398	63,398
RECRUIT HOLDINGS CO ADR	8,570	8,570
REINSURANCE GROUP OF AMERICA INC	12,633	12,633
ROCKWELL AUTOMATION INC	52,419	52,419
ROGERS CORPORATION	18,324	18,324
SAMPO OYJ-A SHS UNSP ADR	19,106	19,106
SAP SE-SPONSORED ADR	13,300	13,300
SCHNEIDER ELECTRIC SE-ADR	19,541	19,541
SCHWAB CHARLES CORP NEW	75,211	75,211
SHIMANO INC	14,894	14,894
SINGAPORE TELECOMMUNICATIONS-ADR	12,772	12,772
SMITH & NEPHEW PLC ADR	7,127	7,127
SONIC HEALTHCARE LTD ADR	10,758	10,758
SONOCO PRODUCTS CO	14,457	14,457
SONOVA HOLDING-UNSP ADR	13,343	13,343
STERLING BANCORP DEL	9,637	9,637
STIFEL FINANCIAL CORP	10,294	10,294
SVB FINANCIAL GROUP	20,943	20,943
SWISSCOM AG	11,771	11,771
TAIWAN SEMICONDUCTOR	98,572	98,572
TARGET CORP	36,542	36,542
TDK CORP ADR	22,738	22,738
TETRA TECH INC NEW	17,251	17,251
TEXAS INSTRUMENTS INC	37,258	37,258
TJX COS INC NEW	68,700	68,700
TRACTOR SUPPLY COMPANY	19,400	19,400
TRANE TECHNOLOGIES PLC	59,225	59,225
TREX COMPANY INC	8,288	8,288
TRIMBLE INC	20,165	20,165
UMPQUA HLDGS CORP	12,218	12,218
UNICHARM CORP	9,283	9,283
UNITED NATURAL FOODS	4,999	4,999
UNITEDHEALTH GROUP INC	95,385	95,385
VALEO SPONSORED ADR	13,485	13,485
VEOLIA ENVIRONNEMENT	13,063	13,063
VERIZON COMMUNICATIONS	55,401	55,401
VESTAS WIND SYSTEMS	12,439	12,439
VISA INC CLASS A	93,835	93,835
VONTIER CORP	10,087	10,087
WABTEC	22,399	22,399
WEBSTER FINANCIAL CORP	10,790	10,790
WEST PHARMACEUTICAL	12,749	12,749
WW INTERNATIONAL INC	6,076	6,076
XYLEM INC	13,640	13,640
YAMAHA CORP SPON ADR	13,755	13,755
ZENDESK INC	23,329	23,329

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

US Government Securities - End of Year Book Value:

939,428

US Government Securities - End of Year Fair Market Value:

939,428

State & Local Government Securities - End of Year Book Value:

436,446

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

436,446

- TIN:

TY 2020 LegalFeesSchedule

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	416	62		354

- TIN:

TY 2020 OtherExpensesSchedule

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INSURANCE	784	118		666
PO BOX	118	18		100

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Description	Amount
UNREALIZED GAIN	433,921

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	49,464	49,464		0

- TIN:

TY 2020 TaxesSchedule

Name:

OUROBOROS FOUNDATION

C/O JANE E TALBOT

EIN:

27-2154657

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAX	5,756	0		0
FOREIGN TAXES PAID	1,701	1,701		0