Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
GARNEAU NICON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)228 W NORTH BEND WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTH BEND, WA98045
A Employer identification number

27-5137452
B Telephone number (see instructions)

(206) 526-1366
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$13,188,837J 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) 100,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 6,133 6,133  
4 Dividends and interest from securities... 15,856 15,856  
5a Gross rents............ 54,291 54,291  
b Net rental income or (loss) 54,291
6a Net gain or (loss) from sale of assets not on line 10 1,173,637
b Gross sales price for all assets on line 6a 12,229,136
7 Capital gain net income (from Part IV, line 2)... 1,173,637
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........ 1,349,917 1,249,917  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 190,200 0   190,200
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,080 540   540
b Accounting fees (attach schedule)....... Click to see attachment 13,000 6,500   6,500
c Other professional fees (attach schedule).... Click to see attachment 8,419 8,419   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,249 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 48,142 0  
20 Occupancy.............. 8,945 968   7,977
21 Travel, conferences, and meetings....... 2,156 0   2,156
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 71,523 4,420   67,103
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 360,714 20,847   274,476
25 Contributions, gifts, grants paid....... 680,600 680,600
26 Total expenses and disbursements. Add lines 24 and 25 1,041,314 20,847   955,076
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 308,603
b Net investment income (if negative, enter -0-) 1,229,070
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 168,090    
2 Savings and temporary cash investments......... 184,485 6,554,443 6,554,443
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   3,519    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,317,374 Click to see attachment1,009,569 1,103,534
c Investments—corporate bonds (attach schedule)....... 3,406,987 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment3,939,714 3,606,982
14 Land, buildings, and equipment: basis bullet1,981,518
Less: accumulated depreciation (attach schedule) bullet59,117 1,739,458 Click to see attachment1,922,401 1,922,401
15 Other assets (describe bullet) Click to see attachment1,724 Click to see attachment1,477 Click to see attachment1,477
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,821,637 13,427,604 13,188,837
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 12,821,637 13,427,604
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 12,821,637 13,427,604
30 Total liabilities and net assets/fund balances (see instructions). 12,821,637 13,427,604
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
12,821,637
2
Enter amount from Part I, line 27a .....................
2
308,603
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
297,364
4
Add lines 1, 2, and 3 ..........................
4
13,427,604
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,427,604
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 - US TRUST      
b PUBLICLY TRADED SECURITIES - CETERA      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 135   122 13
b 12,229,001   11,055,377 1,173,624
c
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       13
b       1,173,624
c
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 1,173,637
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 17,084
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 17,084
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 17,084
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 10,430
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,430
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 346
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 RefundedBullet 11 346
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GAR-NIC-FOUNDATION.ORG
    14
    The books are in care ofbulletLACEY NORMAN-STARNS Telephone no.bullet (206) 526-1366

    Located atbullet228 W NORTH BEND WAYNORTH BENDWA ZIP+4bullet98045
    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
    Yes
     
    .........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). Click to see attachment
    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
    LEEANNA SHAW CHAIRMAN
    30.00     		120,000 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    LARRY SHAW PRESIDENT
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    ROY SCHIFERL VICE PRESIDENT
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    LACEY NORMAN-STARNS TREASURER
    30.00     		70,200 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    JOYCE SCHIFERL SECRETARY
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    CHRIS ANDERSON DIRECTOR
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    NICK AADLAND DIRECTOR
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    LACE LAWRENCE DIRECTOR
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    MIKE NICON DIRECTOR
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    RICHARD GARNEAU DIRECTOR
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    KARLI NORMAN-ALLEMAND DIRECTOR
    3.00     		0 0 0
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,006,611
    b
    Average of monthly cash balances.......................
    1b
    6,695,265
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,606,982
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,308,858
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,308,858
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    184,633
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,124,225
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    606,211
    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
    606,211
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    17,084
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,084
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    589,127
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    589,127
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    589,127
    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
    955,076
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    230,838
    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
    1,185,914
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,185,914
    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 7 589,127
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 1,002,614
    b From 2016...... 1,076,691
    c From 2017...... 1,004,780
    d From 2018...... 436,322
    e From 2019...... 504,852
    fTotal of lines 3a through e........ 4,025,259
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,185,914
    a Applied to 2019, but not more than line 2a 0
    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..... 589,127
    e Remaining amount distributed out of corpus 596,787
    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 4,622,046
    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) ...     		1,002,614
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,619,432
    10 Analysis of line 9:
    a Excess from 2016.... 1,076,691
    b Excess from 2017.... 1,004,780
    c Excess from 2018.... 436,322
    d Excess from 2019.... 504,852
    e Excess from 2020.... 596,787
    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:
    LEEANNA SHAW
    228 W NORTH BEND WAY
    NORTH BEND,WA98045
    (206) 528-5590
    INFO@GARNEAUNICONFF.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD BE SUBMITTED USING THE APPLICABLE ORGANIZATION/GROUP APPLICATION OR INDIVIDUAL GRANT APPLICATION FORM.
    cAny submission deadlines:
    GRANTS MAY BE SUBMITTED BETWEEN FEBRUARY 1ST - MARCH 31ST.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    STARTING IN 2020, THE GARNEAU NICON FAMILY FOUNDATION WILL HAVE ONE GRANT CYCLE PER YEAR. GRANTS MAY BE SUBMITTED BETWEEN FEBRUARY 1ST - MARCH 31ST. ANY APPLICATIONS RECEIVED BEFORE FEBRUARY 1ST, OR AFTER MARCH 31ST, WILL NOT BE CONSIDERED. DUE TO THE LARGE VOLUME OF APPLICATIONS, ORGANIZATIONS/INDIVIDUALS THAT ARE AWARDED A GRANT MAY NOT APPLY FOR A GRANT IN CONSECUTIVE GRANT CYCLES. IF YOU APPLY AND WERE AWARDED A GRANT IN THE PREVIOUS YEAR, YOUR APPLICATION WILL NOT BE CONSIDERED.
    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
    ALISSA NEUMAN
    4747 16TH AVE NE 15
    SEATTLE,WA98105     		NONE PC PROJECT SUPPORT 15,000
    ARLINGTON EDUCATION FOUNDATION
    135 S FRENCH AVENUE STE A
    ARLINGTON,WA98223     		NONE PC PROJECT SUPPORT 10,000
    BELLEVUE YOUTH SYMPHONY ORCHESTRA
    PO BOX 3774
    BELLEVUE,WA98009     		NONE PC PROJECT SUPPORT 5,000
    CAMP AGAPE NW
    PO BOX 65504
    UNIVERSITY PLACE,WA98464     		NONE PC PROJECT SUPPORT 15,000
    CHILD ADVOCACY CENTER OF SNOHOMISH COUNTY DAWSON PLACE
    1509 CALIFORNIA STREET
    EVERETT,WA98201     		NONE PC PROJECT SUPPORT 25,000
    CHRIST THE KING CATHOLIC SCHOOL
    415 NORTH 117TH
    SEATTLE,WA98133     		NONE PC PROJECT SUPPORT 20,000
    COMMUNITY FOR YOUTH
    999 3RD AVE STE 1080
    SEATTLE,WA98104     		NONE PC PROJECT SUPPORT 20,000
    COMPASS HEALTH
    PO BOX 3810
    EVERETT,WA98203     		NONE PC PROJECT SUPPORT 10,000
    DECA WA DISTRIBUTIVE ED CLUBS OF AMERICA
    16040 CHRISTENSEN RD STE 215
    TUKWILA,WA98188     		NONE PC PROJECT SUPPORT 8,000
    DELRIDGE NEIGHBORHOODS DEVELOPMENT ASSOCIATION
    4408 DELRIDGE WAY SW
    SEATTLE,WA98106     		NONE PC PROJECT SUPPORT 15,000
    DIABETES ASSOC OF PIERCE COUNTY
    PO BOX 110427
    TACOMA,WA98404     		NONE PC PROJECT SUPPORT 10,000
    DOMESTIC ABUSE WOMENS NETWORK
    PO BOX 1449
    KENT,WA98035     		NONE PC PROJECT SUPPORT 15,000
    EVERGREEN TREATMENT SERVICES (ETS)
    1700 AIRPORT WAY S
    SEATTLE,WA98134     		NONE PC PROJECT SUPPORT 40,000
    FARESTART
    700 VIRGINIA ST
    SEATTLE,WA98101     		NONE PC PROJECT SUPPORT 15,000
    GREENLAKE ELEMENTARY SCHOOL PTA
    2400 N 65TH ST
    SEATTLE,WA98103     		NONE PC PROJECT SUPPORT 50,000
    HEARING DEAF & SPEECH CENTER CO DEVELOPMENT DEPARTMENT
    1625 19TH AVE
    SEATTLE,WA98122     		NONE PC PROJECT SUPPORT 10,000
    IMMACULATE CONCEPTION OUR LADY OF PERPETUAL HELP SCHOOL
    2508 HOYT AVE
    EVERETT,WA98201     		NONE PC PROJECT SUPPORT 25,000
    JOB CARR CABIN MUSEUM
    PO BOX 7609
    TACOMA,WA98417     		NONE PC PROJECT SUPPORT 9,000
    JUDICIAL WATCH INC
    425 3RD STREET SW 800
    WASHINGTON,DC20024     		NONE PC PROJECT SUPPORT 100
    LISTEN & TALK
    8610 8TH AVE NE
    SEATTLE,WA98115     		NONE PC PROJECT SUPPORT 10,000
    MARYS PLACE
    PO BOX 1711
    SEATTLE,WA98111     		NONE PC PROJECT SUPPORT 10,000
    OPERATION MILITARY FAMILY CARES
    19807 80TH PL WEST
    EDMONDS,WA98026     		NONE PC PROJECT SUPPORT 15,000
    OPSTAD ELEMENTARY
    1304 S FAWCETT AVE
    TACOMA,WA98402     		NONE PC PROJECT SUPPORT 500
    PARTNERS FOR YOUTH EMPOWERMENT
    PO BOX 1481
    LANGLEY,WA98260     		NONE PC PROJECT SUPPORT 15,000
    PATH WITH ART
    312 2ND AVE S
    SEATTLE,WA98104     		NONE PC PROJECT SUPPORT 15,000
    PIKE PLACE MARKET FOUNDATION
    93 PIKE STREET SUITE 310
    SEATTLE,WA98101     		NONE PC PROJECT SUPPORT 10,000
    PROVAIL
    12550 AURORA AVE N
    SEATTLE,WA98133     		NONE PC PROJECT SUPPORT 25,000
    REAL ESCAPE FROM THE SEX TRADE
    4215 RAINIER AVE S SUITE B
    SEATTLE,WA98118     		NONE PC PROJECT SUPPORT 15,000
    SEATTLE JAZZ ED
    3201 E REPUBLICAN STREET
    SEATTLE,WA98112     		NONE PC PROJECT SUPPORT 10,000
    SEATTLE POLICE FOUNDATION
    PO BOX 456
    SEATTLE,WA98111     		NONE PC PROJECT SUPPORT 49,000
    SEATTLE REP THEATER
    PO BOX 900923
    SEATTLE,WA98109     		NONE PC PROJECT SUPPORT 20,000
    SNOQUALMIE VALLEY COMMUNITY NETWORK
    PO BOX 910
    CARNATION,WA98014     		NONE PC PROJECT SUPPORT 30,000
    SNOQUALMIE VALLEY SHELTER SERVICES
    7829 CENTER BLVD SE 239
    SNOQUALMIE,WA98065     		NONE PC PROJECT SUPPORT 30,000
    ST FRANCIS HOUSE
    PO BOX 156
    PUYALLUP,WA98371     		NONE PC PROJECT SUPPORT 10,000
    ST NICHOLAS CATHOLIC SCHOOL
    3555 EDWARDS DRIVE
    GIG HARBOR,WA98335     		NONE PC PROJECT SUPPORT 12,000
    STANWOOD COMMUNITY & SENIOR CENTER
    7430 276TH ST NW
    STANWOOD,WA98292     		NONE PC PROJECT SUPPORT 5,000
    TECHNOLOGY ACCESS FOUNDATION
    605 SW 108TH STREET
    SEATTLE,WA98146     		NONE PC PROJECT SUPPORT 17,000
    TEENTIX
    305 HARRISON ST
    SEATTLE,WA98109     		NONE PC PROJECT SUPPORT 10,000
    TERRY HOME
    PO BOX 2209
    AUBURN,WA98071     		NONE PC PROJECT SUPPORT 20,000
    THE HEALING CENTER
    6409 ROOSEVELT WAY NE
    SEATTLE,WA98115     		NONE PC PROJECT SUPPORT 10,000
    WA ASSOC FOR INFANT MENTAL HEALTH (WA-AIMH)
    1833 N 105TH STREET 203
    SEATTLE,WA98133     		NONE PC PROJECT SUPPORT 10,000
    WILDCAT BOOSTERS
    115 DICKINSON AVE
    MONROE,WA98272     		NONE PC PROJECT SUPPORT 15,000
    Total .................................bullet 3a 680,600
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 6,133  
    4 Dividends and interest from securities....     14 15,856  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 54,291  
    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 1,173,637  
    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 1,249,917 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,249,917
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    GARNEAU NICON FAMILY FOUNDATION
     
    Employer identification number

    27-5137452
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    GARNEAU NICON FAMILY FOUNDATION
          		Employer identification number
    27-5137452
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ESTATE OF FAYE MARGARET GARNEAU
    951 NORTH 100TH STREET
     
    SEATTLE, WA98133

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    GARNEAU NICON FAMILY FOUNDATION
          		Employer identification number

    27-5137452
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    GARNEAU NICON FAMILY FOUNDATION
          		Employer identification number

    27-5137452
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 13,000 6,500   6,500

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    TY 2020 DepreciationSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    NORTH BEND BUILDING 2019-10-04 1,750,680 11,222 SL 39.000000000000 44,889 0    
    ORGANIZATION COSTS 2012-01-01 3,700 1,976 SL 15.000000000000 247 0    
    228 REMODEL-J-3 CONTRACTING 2020-06-30 77,806   SL 39.000000000000 998 0    
    228 REMODEL-EXCEPTIONAL SERVICE 2020-06-30 34,035   SL 39.000000000000 436 0    
    228 REMODEL-CITY OF NORTH BEND 2020-06-08 1,149   SL 39.000000000000 17 0    
    228 REMODEL-LARRY SHAW 2020-06-30 19,455   SL 39.000000000000 249 0    
    228 REMODEL-PAVRIK SHAHIJANI 2020-02-25 3,100   SL 39.000000000000 66 0    
    228 REMODEL-KRUGER ARCHITECTURE 2020-06-30 34,660   SL 39.000000000000 444 0    
    228 REMODEL-DAVE MORGAN 2020-06-04 10,000   SL 39.000000000000 150 0    
    228 REMODEL-TRISTAN NORMAN-JOHNSON 2020-08-26 800   SL 39.000000000000 7 0    
    228 REMODEL - NW ROOFCARE 2020-06-26 49,833   SL 39.000000000000 639 0    

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    LISTEN & TALK FOUNDATION
          		8610 8TH AVE NE
    SEATTLE,WA98115     		2020-03-21 10,000 THE FOUNDATION PROVIDES GRANT FUNDS TO PROVIDE ASSISTANCE TO THE LISTEN & TALK FOUNDATION. THE FUNDS ARE USED TO SUPPORT THEIR SERVICES. THE REQUESTED GRANT WILL HELP SPECIALLY TRAINED STAFF TEACH FAMILIES HOW TO MAKE SOUND AND SPOKEN LANGUAGE MEANINGFUL FOR THEIR CHILD. 10,000 NO FUNDS HAVE BEEN DIVERTED TO ANY OTHER PURPOSE   2021-01-01 GRANTEE IS A CALENDAR YEAR TAXPAYER THAT RECEIVED FUNDS IN 2020. AS SUCH, NO REPORT IS DUE UNTIL MARCH 15, 2021. GRANTEE PROVIDED THE REPORT IN JANUARY 2021 AND AFFIRMATIVE VERIFICATION OF THE REPORT WAS MADE.
    SALLAL GRANGE AND COMMUNITY CENTER
          		PO BOX 1688
    NORTH BEND,WA98045     		2019-03-16 15,000 THE FOUNDATION PROVIDES GRANT FUNDS TO PROVIDE ASSISTANCE TO THE SALLAL GRANGE AND COMMUNITY CENTER. THE FUNDS ARE USED TO SUPPORT THE COMMUNITY PROJECTS AND EXPAND THEIR SERVICES. THE REQUESTED GRANT WILL IMPROVE THEIR MISSION TO BRING PEOPLE TOGETHER AND PROVIDE SUPPORT AND COMFORT TO THOSE IN NEED IN SNOQUALMIE VALLEY. 4,190 NO FUNDS HAVE BEEN DIVERTED TO ANY OTHER PURPOSE.   2020-02-04  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHINA HIGH PRECISION AUTOMATION GROUP LTD COM 9,569 2,029
    BLACKSTONE REAL ESTATE 1,000,000 1,101,505

    TY 2020 InvestmentsOtherSchedule2
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HINES GLOBAL INCOME TRUST T SHARES AT COST 939,714 939,713
    DELAWARE LIFE INSURANCE COMPANY AT COST 1,000,000 946,593
    EAGLE LIFE INSURANCE COMPANY AT COST 1,000,000 946,275
    GLOBAL ATLANTIC FINANCIAL GROUP AT COST 1,000,000 774,401

    TY 2020 LandEtcSchedule2
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    NORTH BEND BUILDING 1,750,680 56,111 1,694,569 1,694,569
    228 REMODEL-J-3 CONTRACTING 77,806 998 76,808 76,808
    228 REMODEL-EXCEPTIONAL SERVICE 34,035 436 33,599 33,599
    228 REMODEL-CITY OF NORTH BEND 1,149 17 1,132 1,132
    228 REMODEL-LARRY SHAW 19,455 249 19,206 19,206
    228 REMODEL-PAVRIK SHAHIJANI 3,100 66 3,034 3,034
    228 REMODEL-KRUGER ARCHITECTURE 34,660 444 34,216 34,216
    228 REMODEL-DAVE MORGAN 10,000 150 9,850 9,850
    228 REMODEL-TRISTAN NORMAN-JOHNSON 800 7 793 793
    228 REMODEL - NW ROOFCARE 49,833 639 49,194 49,194


    TY 2020 LegalFeesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,080 540   540


    TY 2020 OtherAssetsSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORGANIZATION COSTS 1,724 1,477 1,477


    TY 2020 OtherExpensesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES 5,540 780   4,760
    REPAIRS 6,557 3,519   3,038
    MISCELLANEOUS 32,824 0   32,824
    228 REMODEL 6,168 0   6,168
    EQUIPMENT RENTAL 20,434 121   20,313


    TY 2020 OtherIncreasesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Description Amount
    PRIOR PERIOD DIFFERENCE 297,364


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    U.S. TRUST INVESTMENT MANAGEMENT FEES 5,270 5,270   0
    OTHER PROFESSIONAL FEES 3,149 3,149   0


    TY 2020 TaxesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAXES 12,719 0   0
    PROPERTY TAXES 4,530 0   0