Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
PWH EDUCATIONAL FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)111 N POST ST SUITE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SPOKANE, WA99201
A Employer identification number

88-0327058
B Telephone number (see instructions)

(206) 769-4910
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$56,767,953J 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 2 2 2
4 Dividends and interest from securities... 1,364,783 1,364,783 1,364,783
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 692,581
b Gross sales price for all assets on line 6a 10,823,122
7 Capital gain net income (from Part IV, line 2)... 692,581
8 Net short-term capital gain......... 43,289
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 -232,193 864  
12 Total. Add lines 1 through 11........ 1,825,173 2,058,230 1,408,074
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,000 90,000    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 250      
b Accounting fees (attach schedule)....... Click to see attachment 22,650      
c Other professional fees (attach schedule).... Click to see attachment 12,000      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,509 10,055    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,853      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 116,949 116,065    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 290,211 216,120   0
25 Contributions, gifts, grants paid....... 3,537,500 3,537,500
26 Total expenses and disbursements. Add lines 24 and 25 3,827,711 216,120   3,537,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,002,538
b Net investment income (if negative, enter -0-) 1,842,110
c Adjusted net income (if negative, enter -0-)... 1,408,074
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 6,731,158 3,563,037 3,563,037
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.......... 16,954 7,319 7,319
10a Investments—U.S. and state government obligations (attach schedule) 2,531,141 Click to see attachment2,739,703 2,915,201
b Investments—corporate stock (attach schedule)....... 29,242,054 Click to see attachment26,184,061 33,505,693
c Investments—corporate bonds (attach schedule)....... 3,676,512 Click to see attachment3,741,425 3,890,976
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,070,740 Click to see attachment12,017,782 12,864,628
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment8,451 Click to see attachment21,099 Click to see attachment21,099
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 50,277,010 48,274,426 56,767,953
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 50,277,010 48,274,426
29 Total net assets or fund balances (see instructions)..... 50,277,010 48,274,426
30 Total liabilities and net assets/fund balances (see instructions). 50,277,010 48,274,426
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
50,277,010
2
Enter amount from Part I, line 27a .....................
2
-2,002,538
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
48,274,472
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
46
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
48,274,426
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P 2020-01-05 2020-12-02
b PUBLICLY TRADED SECURITIES P 2018-01-01 2020-06-30
c 32 SHARES COGENT BANK D 2012-12-15 2020-01-13
d Capital Gain Dividends      
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,624,565   3,581,276 43,289
b 7,151,259   6,548,964 602,295
c 52   301 -249
d       47,246
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       43,289
b       602,295
c       -249
d        
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 692,581
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 43,289
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 25,605
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  
3 Add lines 1 and 2........................... 3 25,605
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 25,605
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 57,924
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 57,924
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 32,319
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet32,319 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
     
    No
    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)
    bulletNV
    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 .Click to see attachment
    8b
     
    No
    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
    Yes
     
    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 ofbulletRYAN LEONG Telephone no.bullet (206) 769-4910

    Located atbullet111 N POST ST SUITE 200SPOKANEWA ZIP+4bullet99201
    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
    TOM GEHRIG SEC/TREAS
    2.00     		0    
    7722 FAIRWAY DR NE
    SEATTLE,WA98115
    ROBERT LEONG PRESIDENT
    40.00     		100,000    
    5720 59TH AVE NE
    SEATTLE,WA98105
    WES REBER PORTER DIRECTOR
    1.00     		0    
    4374 ROYAL PLACE
    HONOLULU,HI96816
    RYAN LEONG DIRECTOR
    1.00     		0    
    111 N POST ST SUITE 200
    SPOKANE,WA99201
    JAMES R THOMAS DIRECTOR
    1.00     		0    
    1212 E EUCLID AVE
    ARLINGTON HEIGHTS,IL60004
    DIANE MAGYARY DIRECTOR
    1.00     		0    
    5720 59TH AVE NE
    SEATTLE,WA98105
    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  
    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.............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)
    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
    44,518,043
    b
    Average of monthly cash balances.......................
    1b
    2,780,931
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,492,155
    d
    Total (add lines 1a, b, and c).........................
    1d
    52,791,129
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    52,791,129
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    791,867
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    51,999,262
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,599,963
    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
    2,599,963
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    25,605
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    25,605
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,574,358
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,574,358
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,574,358
    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
    3,537,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    3,537,500
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,537,500
    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 2,574,358
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 369,220
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 1,205,779
    fTotal of lines 3a through e........ 1,574,999
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,537,500
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,574,358
    e Remaining amount distributed out of corpus 963,142
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,538,141
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		369,220
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,168,921
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 1,205,779
    e Excess from 2020.... 963,142
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NA
    111 N POST ST SUITE 200
    SPOKANE,WA99201
    (206) 769-4910
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OF REQUEST WITH FINANCIAL NEED INFORMATION PLUS TWO LETTERS OF RECOMMENDATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    FIDELITY GIFT FUND
    100 CROSBY PARKWAY
    COVINGTON,KY41015     		NONE   CHARITABLE CONTRIBUTIONS FOR USE AT THE DISCRETION OF THE ORGANIZATION 3,525,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		NONE   CHARITABLE CONTRIBUTION FOR USE AT THE DISCRETION OF THE SCHOOL AND FOR EDUCATIONAL SCHOLARSHIPS 10,000
    ST JAMES CATHOLIC SCHOOL
    820 N ARLINGTON HEIGHTS RD
    ARLINGTON HEIGHTS,IL60004     		NONE   CHARITABLE CONTRIBUTION FOR TUITION ASSISTANCE 2,500
    Total .................................bullet 3a 3,537,500
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		        2
    4 Dividends and interest from securities....         1,364,783
    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 ............     		        692,581
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFrom K-1 (EIN 47-5010785)     		531110 -233,057      
    bFrom K-1 (EIN 82-1797076)         864
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -233,057   2,058,230
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,825,173
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax return preparation fees 22,650 0 0 0

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Statement:
    State of Nevada does not require a copy of Form 990-PF from an organization which does not solicit charitable contributions.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    25,000 Royal Bank Canada Mtn 25,005 25,022
    25,000 Wells Fargo & Co Mtn 24,760 25,033
    149,000 Kinder Morgan Energy Ptrs Note 149,652 150,213
    25,000 Citigroup Inc Note 25,025 25,144
    125,000 Wells Fargo & Co Mtn 125,692 126,320
    130,000 General Motors Finl Co Inc Note 130,441 131,006
    26,000 Bank of America Corp Mtn 26,118 26,182
    26,000 Abbvie Inc Note 26,025 26,144
    25,000 Keurig Dr Pepper Ser B Note 25,159 25,312
    24,000 Bank New York Mellon Corp Mtn 24,271 24,508
    24,000 General Motors Finl Co Inc Note 24,366 24,648
    160,000 Canadian Nat Resources Ltd Note 160,681 162,867
    25,000 Analog Devices Inc Note 25,383 25,450
    24,000 US Bancorp Ser V Mtn 24,038 24,551
    24,000 Energy Transfer Operating LP Note 24,660 24,893
    25,000 Boeing Co Note 25,248 25,703
    125,000 US Bancorp Mtn 124,872 129,895
    25,000 CVS Health Corp Note 25,502 26,097
    163,000 Misubishi UFJ Finl Group Note 168,441 168,641
    123,000 Bank of America Corp Mtn 123,610 130,406
    156,000 AT&T Inc Note 157,931 170,202
    125,000 PNC Finl Svcs Group Inc Note 128,239 138,504
    123,000 Anheuser-Busch Inbev Inc Note 131,267 140,059
    158,000 Energy Trans Operating LP Note 165,718 173,326
    152,000 Goldman Sachs Group Inc Note 156,051 168,870
    143,000 Royal Bank of Canada Note 157,844 168,816
    156,000 Manulife Financial Corp Note 175,675 181,453
    163,000 JPMorgan Chase & Co Note 164,615 172,149
    165,000 Morgan Stanley Ser I Mtn 173,168 174,280
    131,000 Abbvie Inc Note 135,411 145,134
    81,000 Amgen Inc Note 82,730 86,833
    150,000 Sumitomo Mitsui Finl Group Inc 168,511 169,791
    170,000 Caterpillar Finl Svcs Mtns 169,904 171,761
    64,000 CSX Corp Note 65,073 74,611
    108,000 Suncor Energy Inc New Bond 128,404 140,583
    130,000 Boeing Co Note 135,917 137,232
    136,000 Commonspirit Health 2019 Note 136,018 149,337

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    98 Shs AMFI Corp Cl A Com 4,998,000 1,568,000
    17,032 Shs Bank of Labor Bancshares Inc 826,052 689,796
    1,000 Shs Berkshire Hathaway Inc Class B 136,548 231,870
    60,885 Shs Kansas City Life Ins Co 2,324,076 2,313,630
    1,000 Shs Lewis & Clark Bancorp 18,695 26,250
    220,000 Shs Life Ins Company of Alabama 3,257,382 4,950,000
    4,000 Shs Microsoft Corp 167,776 889,680
    2,000 Shs National Westn Life Group Inc 357,576 412,880
    696,388 Shs Oak Vy Bancorp Oakdale Calif 4,885,844 11,573,969
    7,500 Shs Pac Coast Bankers Bancshares 285,000 614,325
    2,000 Shs Viatris Inc 33,980 37,480
    3,086 Shs Chevron Corp 322,803 260,613
    9,881 Shs Royal Dutch Shell PLC 486,606 347,218
    5,548 Shs Schlumberger Ltd 124,669 121,113
    1,540 Shs Avery Dennison Corp 179,763 238,869
    3,151 Shs DuPont de Nemours Inc 129,338 224,068
    1,376 Shs Canadian National Railway Co 96,465 151,154
    1,052 Shs Cummins Inc 176,006 238,909
    1,889 Shs Emerson Electric Co 130,964 151,819
    23,414 Shs General Electric Co 269,115 252,871
    1,022 Shs Paccar Inc 68,833 88,178
    2,393 Shs Wabtec Corp 176,877 175,168
    2,993 Shs Booking Holdings Inc 120,224 151,454
    8,346 Shs BorgWarner Inc 345,041 322,489
    1,120 Shs Expedia Group Inc 55,690 148,288
    1,481 Shs Hasbro Inc 135,265 138,533
    1,771 Shs Smucker J M Co 200,850 204,728
    2,325 shs AbbVie Inc 191,975 249,124
    610 Shs Biogen Inc 139,148 149,365
    6,840 Shs Boston Scientific Corp 276,903 245,898
    6,793 Shs CVS Health Corp 494,259 463,962
    2,058 Shs McKesson Corp 322,798 357,927
    2,343 Shs American Express Co 235,953 283,292
    1,587 Shs Ameriprise Financial Inc 180,645 308,402
    11,470 Shs Bank America corp 251,431 347,656
    1,549 Shs Berkshire Hathaway Inc CL B 253,125 359,167
    1,681 Shs Chubb Limited 213,579 258,740
    5,169 Shs Citigroup Inc 289,350 318,721
    2,611 Shs Discover Financial Services 160,393 236,374
    3,092 Shs PNC Financial Services Group 366,912 460,708
    3,080 Shs Prudential Financial Inc 289,896 240,456
    1,472 Shs Renaissance Holdings Ltd 233,577 244,087
    5,816 Shs Cisco Systems Inc 233,685 260,266
    4,466 Shs Intel Corp 208,162 222,496
    5,447 Shs Oracle Corp 254,806 352,366
    1,451 Shs SS&C Technology Holdings Inc 101,378 105,560
    114 Shs Alphabet Inc Cap Stock CL C 123,557 199,714
    8,333 Shs Comcast Corp CL A 359,538 436,649
    1,854 Shs Walt Disney Co 201,356 335,908
    1,814 Shs Ameren Corp 136,337 141,601
    6,928 Shs Public Svc Enterprise Group 355,860 403,902

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    2,739,703
    State & Local Government Securities - End of Year Fair Market Value:


    2,915,201


    TY 2020 InvestmentsOtherSchedule2
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1.231594% Int RDM Housing Strategies LLC AT COST 307,675 307,675
    .498664% Int Colmbia Pacific Inc FD II AT COST 4,186,791 4,156,480
    .606764% Int CP 2017 Hawthorn Fund LP AT COST 730,882 685,002
    21,114 Shs Fid Large Cap Growth Enhanced AT COST 306,679 588,868
    33,463 Shs Fidelity Strategic Div & Inc AT COST 485,943 542,099
    36,674 Shs Alger Small Cap Focus Class Z AT COST 788,055 1,209,142
    2,390 Shs Vanguard Real Est Index Adm AT COST 311,001 287,720
    51,337 Vanguard Total Intl Stock Index AT COST 1,534,501 1,666,398
    21,073 Shs Vanguard Global Min Volatil. AT COST 612,115 575,940
    20,231 Shs Vanguarg Total Stk Mkt Index AT COST 1,613,208 1,916,688
    77,343 Shs Fidelity Capital & Income AT COST 719,344 829,116
    40,000 Shares Valley Bank of Nevada AT COST 61,200  
    50,000 Shares Community Bancshares AT COST 236,000 500
    1,100 Shares Gadsden Corp AT COST 124,388 99,000

    TY 2020 LegalFeesSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Registered Agent Fee 250 0 0 0


    TY 2020 OtherAssetsSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Dividend receivable   7,500 7,500
    Form 990-PF tax refund receivable   9,030 9,030
    Purchased accrued interest receivable 5,251 4,569 4,569


    TY 2020 OtherDecreasesSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Non-deductible expense from K-1 (EIN 47-5010785) 46


    TY 2020 OtherExpensesSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Annual corporate license renewal 50      
    Investment management & brokerage fees 114,938 114,938    
    Office expenses 834      
    Sec 1231 loss from K-1 (EIN 47-5010785) 1,127 1,127    


    TY 2020 OtherIncomeSchedule2
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    From K-1 (EIN 47-5010785) -233,057    
    From K-1 (EIN 82-1797076) 864 864  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting fees 12,000 0 0 0


    TY 2020 TaxesSchedule
    Name:
    PWH EDUCATIONAL FOUNDATION INC
    EIN:
    88-0327058
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2020 990-PF income tax 25,605      
    Foreign taxes 2,414 2,414    
    Payroll Taxes 8,490 7,641