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
THE LEMELSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1455 NW OVERTON STREET NO 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97209
A Employer identification number

88-0391959
B Telephone number (see instructions)

(503) 222-2924
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$447,642,661J 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 85,838 85,838  
4 Dividends and interest from securities... 6,937,801 6,148,143  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 25,039,602
b Gross sales price for all assets on line 6a 25,152,720
7 Capital gain net income (from Part IV, line 2)... 28,296,485
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,764,447 1,724,413  
12 Total. Add lines 1 through 11........ 33,827,688 36,254,879  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 647,022 200,766   421,785
14 Other employee salaries and wages...... 2,220,814 0   2,148,835
15 Pension plans, employee benefits....... 844,805 42,240   787,434
16a Legal fees (attach schedule)......... Click to see attachment 223,448 54,158   174,300
b Accounting fees (attach schedule)....... Click to see attachment 127,069 32,367   85,772
c Other professional fees (attach schedule).... Click to see attachment 4,277,357 3,342,689   924,146
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 748,148 207,479   2,410
19 Depreciation (attach schedule) and depletion... 57,684 1,191  
20 Occupancy.............. 240,943 0   240,943
21 Travel, conferences, and meetings....... 71,147 0   92,485
22 Printing and publications.......... 24,644 0   24,644
23 Other expenses (attach schedule)....... Click to see attachment 448,944 2,540,990   386,987
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,932,025 6,421,880   5,289,741
25 Contributions, gifts, grants paid....... 14,899,099 14,889,797
26 Total expenses and disbursements. Add lines 24 and 25 24,831,124 6,421,880   20,179,538
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,996,564
b Net investment income (if negative, enter -0-) 29,832,999
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............. 1,791,425 3,657,002 3,657,002
2 Savings and temporary cash investments......... 30,902,529 31,022,720 31,022,720
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.......... 35,229 9,849 9,849
10a Investments—U.S. and state government obligations (attach schedule) 2,444,923 Click to see attachment4,852,900 4,852,900
b Investments—corporate stock (attach schedule)....... 68,244,202 Click to see attachment77,521,706 77,521,706
c Investments—corporate bonds (attach schedule)....... 32,363,998 Click to see attachment56,794,688 56,794,688
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 259,946,397 Click to see attachment264,337,298 264,337,298
14 Land, buildings, and equipment: basis bullet1,284,380
Less: accumulated depreciation (attach schedule) bullet607,000 735,064 Click to see attachment677,380 677,380
15 Other assets (describe bullet) Click to see attachment9,044,575 Click to see attachment8,769,118 Click to see attachment8,769,118
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 405,508,342 447,642,661 447,642,661
Liabilities 17 Accounts payable and accrued expenses.......... 245,429 511,380
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2,487,232 Click to see attachment3,007,232
23 Total liabilities (add lines 17 through 22)......... 2,732,661 3,518,612
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........... 402,775,681 444,124,049
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)..... 402,775,681 444,124,049
30 Total liabilities and net assets/fund balances (see instructions). 405,508,342 447,642,661
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
402,775,681
2
Enter amount from Part I, line 27a .....................
2
8,996,564
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
32,351,804
4
Add lines 1, 2, and 3 ..........................
4
444,124,049
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
444,124,049
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   2019-01-01 2020-12-31
b PASS THROUGH INVESTMENTS REPORTED ON SCHEDULE K-1 P 2019-01-01 2020-12-31
c DISTRIBUTION IN EXCESS OF BASIS - LMERF P 2019-01-01 2020-12-31
d DISPOSAL OF COMMONFUND CAPITAL INT'L PARTNERS IV LP P 2019-01-01 2020-12-31
e DISPOSAL OF WGI EMERGING MARKETS FUND, LLC P 2019-01-01 2020-12-31
DISPOSAL OF ADAGE CAPITAL PARTNERS P 2019-01-01 2020-12-31
DISPOSAL OF THE COLCHESTER GLOBAL BOND FUND P 2019-01-01 2020-12-31
DISPOSAL OF HEDGE FUND PROGRAM FUND QP, LP P 2019-01-01 2020-12-31
(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 25,152,720   22,966,087 2,186,633
b 25,676,305     25,676,305
c 258,846     258,846
d 1,663   1,663 0
e 14,533,437   14,358,736 174,701
20,543,273   20,543,273 0
14,839,105   14,839,105 0
742,047   742,047 0
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       2,186,633
b       25,676,305
c       258,846
d       0
e       174,701
      0
      0
      0
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 28,296,485
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................................ 1 414,679
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........................... 3 414,679
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- ..... 5 414,679
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 293,291
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 293,291
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 121,388
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletNV, OR, CA
    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 Click to see attachment.............
    11
    Yes
     
    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.LEMELSON.ORG
    14
    The books are in care ofbulletTRACEE BETANCOURT Telephone no.bullet (503) 222-2924

    Located atbullet1455 NW OVERTON STREET SUITE 500PORTLANDOR ZIP+4bullet97209
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletIN
    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
     
    No
    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
     
    No
    .........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
    CAROL DAHL SEE STATEMENT 22
    50.00     		445,775 71,535 300
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    BRIAN DORAN SEE STATEMENT 22
    40.00     		201,247 68,013 250
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    ERIC LEMELSON SEE STATEMENT 22
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    ROBERT LEMELSON SEE STATEMENT 22
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    SUSAN MORSE DIRECTOR
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    JENNIFER BRUML DIRECTOR
    6.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    ANN MORGAN VICE PRESIDENT
    1.00     		0 0 0
    1455 NW OVERTON STREET SUITE 500
    PORTLAND,OR97209
    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
    ROB SCHNEIDER SR. DIRECTOR OF STRA
    40.00     		185,100 67,313 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    JENNIFER BURRAN DIR OF GRANTS MGMNT
    40.00     		150,624 59,418 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    DAVID CORONADO PROGRAM OFFICER
    40.00     		138,791 57,551 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    RACHEL JAGODA BRUNETTE PROGRAM OFFICER
    40.00     		136,995 57,392 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    CINDY COOPER PROGRAM OFFICER
    40.00     		136,795 57,352 300
    1455 NW OVERTON ST STE 500
    PORTLAND,OR97209
    Total number of other employees paid over $50,000...................bullet 5
    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
    TIEDEMANN WEALTH MANAGEMENT INVESTMENT CONSULTING FEES 1,042,938
    1415 WESTERN AVENUE SUITE 600
    SEATTLE,WA98101
    LONG STORY SHORT STRATEGIC COMMUNICATIONS 290,220
    2830 GEORGIA AVENUE NW
    WASHINGTON,DC20001
    RUSSELL ADVISORY SERVICES LLC STRATEGY REFRESH 228,609
    4801 GREENWOOD AVE N
    SEATTLE,WA98103
    SORENSEN STRATEGIES STRATEGY CONSULTANT 195,874
    8103 SW 222ND PLACE
    VASHON,WA98070
    QUARLES AND BRADY LLP LEGAL SERVICES 187,582
    300 N LASALLE STREET SUITE 4000
    CHICAGO,IL606543406
    Total number of others receiving over $50,000 for professional services.............bullet3
    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 ENVIRONMENTAL RESPONSIBILITY IN ENGINEERING FRAMEWORK & INTEGRATION PILOT LAUNCH - THE FOUNDATION CONTINUED TO BUILD EVIDENCE INTENDED FOR THE NEED OF THE ENGINEERING FOR ONE PLANET INITIATIVE, AND TO BUILD COMMUNITY ENGAGEMENT AMONG STAKEHOLDERS. THE FOUNDATION PURSUED AN ASPIRATIONAL GOAL TO ENSURE ALL ENGINEERING STUDENTS ARE EQUIPPED WITH FUNDAMENTAL PRINCIPLES OF ENVIRONMENTAL RESPONSIBILITY. THE FOUNDATION HAS WORKED WITH MORE THAN 200 STAKEHOLDERS TO CREATE A DRAFT DEFINITION AND FRAMEWORK OF "ENVIRONMENTALLY RESPONSIBLE ENGINEERING AND TO DEVELOP AND REFINE SEVERAL POTENTIAL APPROACHES FOR ADDRESSING THIS GOAL. THE FRAMEWORK IS NEARLY FINALIZED, LAUNCHED PUBLICLY, AND USED TO PILOT TEST APPROACHES FOR CREATING CURRICULAR CHANGE WITH A HANDFUL OF INSTITUTIONS. 207,312
    2 INVENTION EDUCATION COMMUNITY OF PRACTICE - THE FOUNDATION ESTABLISHED AN INVENTION EDUCATION CONVENING FOCUSED ON BUILDING AN INVENTION COMMUNITY, DEVELOPED NEW PARTNERSHIPS BETWEEN PROGRAMS AND BUILT CONSENSUS AMONG RELEVANT STAKEHOLDERS ABOUT FRAMEWORKS, DEFINITIONS AND THEMATIC PRIORITIES IN INVENTION EDUCATION. THE FOUNDATION BROADENED THE ORIGINAL COMMUNITY TO INCLUDE GRANTEES AND PARTNERS FROM HIGHER EDUCATION. THE PROGRAM COVERED CONVENING COSTS (FOOD, PLANNING CONSULTANTS, AV, ATTENDEE TRAVEL SUPPORT, ETC.), AS WELL AS SUPPORTED ATTENDEES TO CONTINUE WORKING ON KEY TOPIC AREAS GLEANED (EX: RESEARCHING INVENTION EDUCATION, COMMUNICATIONS) FROM THE CONVENING. 200,724
    3 INVENTION EDUCATION FRAMEWORK - THE FOUNDATION DEVELOPED A NATIONAL INVENTION EDUCATION FRAMEWORK THAT DEVELOPED IN PARTNERSHIP WITH THE BROADER COMMUNITY. THE FUNDING SUPPORTED CONSULTANTS TO FACILITATE THE DEVELOPMENT OF A GUIDING FRAMEWORK AND COMMON DEFINITION FOR INVENTION EDUCATION IN PARTNERSHIP WITH LEADERS IN THE INVENTION EDUCATION COMMUNITY. 74,956
    4 RESEARCH ON INVENTION BASED ENTERPRISES PIPELINE & CAPITAL ACCESS - THE FOUNDATION CONDUCTED RESEARCH AND ANALYSIS ON WHERE SUCCESSFUL INVENTION-BASED ENTERPRISES COME FROM AND HOW NETWORKS AND MECHANICS IN THE ECOSYSTEMS THAT THEY ARE A PART OF CONTRIBUTE TO THEIR SUCCESS. THE FUNDING SUPPORTED A CONSULTANT TO ASSIST THE FOUNDATION WITH UNDERSTANDING THE SOURCE OF INVENTION-BASED ENTERPRISES THAT HAVE EMERGED AND EVALUATE WHAT APPROACHES HAD FAILED AND SUCCEEDED. 70,000
    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 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN TEAMFUND, LP ("TEAMFUND"), A WHOLLY-OWNED SUBSIDIARY OF THE NON-PROFIT TEAMFUND, INC, IN THE FORM OF PURCHASING AN EQUITY INTEREST IN TEAMFUND. THE FOUNDATION'S INVESTMENT IN TEAMFUND WILL BE USED TO IMPROVE THE LIVES OF LOW-RESOURCE,UNDERSERVED POPULATIONS IN DEVELOPING COUNTRIES BY INCREASING ACCESS TO AFFORDABLE, APPROPRIATE, AND SUSTAINABLE MEDICAL TECHNOLOGIES THAT EFFECTIVELY ADDRESS PRIORITY UNMET CLINICAL NEEDS. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN TEAMFUND. 266,667
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet266,667
    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
    122,299,742
    b
    Average of monthly cash balances.......................
    1b
    30,148,892
    c
    Fair market value of all other assets (see instructions)................
    1c
    241,878,851
    d
    Total (add lines 1a, b, and c).........................
    1d
    394,327,485
    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
    394,327,485
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,914,912
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    388,412,573
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    19,420,629
    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
    19,420,629
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    414,679
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    414,679
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    19,005,950
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    499,341
    5
    Add lines 3 and 4............................
    5
    19,505,291
    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
    19,505,291
    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
    20,179,538
    b
    Program-related investments—total from Part IX-B..................
    1b
    266,667
    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
    20,446,205
    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
    20,446,205
    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 19,505,291
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 794,900
    e From 2019...... 1,429,821
    fTotal of lines 3a through e........ 2,224,721
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 20,446,205
    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..... 19,505,291
    e Remaining amount distributed out of corpus 940,914
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,165,635
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,165,635
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 794,900
    d Excess from 2019.... 1,429,821
    e Excess from 2020.... 940,914
    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.
    ERIC LEMELSON
    ROBERT LEMELSON
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    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
    AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE
    1200 NEW YORK AVENUE NW
    WASHINGTON,DC20005     		  PC TO CONTINUE SUPPORT OF THE AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE (AAAS)-LEMELSON INVENTION AMBASSADORS PROGRAM. 225,497
    ARIZONA BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UNIVERSITY
    UNIVERSITY DRIVE AND MILL AVENUE
    TEMPE,AZ85287     		  PC TO MODIFY A CORE, SECOND-YEAR COURSE THAT USES PROJECT-BASED LEARNING AS A VEHICLE TO DELIVER ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) CONTENT TO STUDENTS ACROSS MULTIPLE ENGINEERING DISCIPLINES. 10,000
    BEYOND BENIGN INCORPORATED
    18 CHURCH STREET PO BOX 1016
    WILMINGTON,MA01887     		  PC TO SUPPORT ACTIVITIES THAT INCREASE AWARENESS OF INVENTION TO THE CHEMISTRY COMMUNITY AND INCREASE THE STEM FIELD SUBJECT DIVERSITY OF THE INVENTION EDUCATION COMMUNITY. 24,522
    BEYOND BENIGN INCORPORATED
    18 CHURCH STREET PO BOX 1016
    WILMINGTON,MA01887     		  PC TO SUPPORT THE INTEGRATION OF INVENTION EDUCATION INTO MORE CLASSROOMS. 120,571
    BIOSTL
    4340 DUNCAN AVE
    SAINT LOUIS,MO63110     		  PC TO SUPPORT A TEACHER PROFESSIONAL DEVELOPMENT PROGRAM THAT CAN BE READILY SHARED AND IMPLEMENTED BY EDUCATORS AND THE SCIENCE FAIR COMMUNITY ACROSS THE NATION. 32,351
    COUNCIL ON COMPETITIVENESS
    900 17TH STREET NW SUITE 700
    WASHINGTON,DC20006     		  PC TO MANAGE AND EXECUTE THE NATIONAL COMMISSION ON INNOVATION & COMPETITIVENESS FRONTIERS, (COMMISSION) A THREE TO FIVE-YEAR EFFORT TO EXPLORE AND DEFINE TODAYS LONG-TERM INNOVATION DRIVERS FROM TECHNOLOGIES TO BUSINESS MODELS AND DEVELOP A NATIONAL INNOVATION CALL TO ACTION, RECOMMENDING THE BEST PRIVATE AND PUBLIC-SECTOR STRATEGIES TO ENHANCE AND EXPAND THE NATIONS INNOVATION CAPACITIES AT THE HEART OF COMPETITIVENESS. 75,000
    ENVIRONMENTAL DEFENSE FUND INCORPORATED
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		  PC TO SUPPORT METHANESAT, AN ORBITAL EYE IN THE SKY THAT COULD MONITOR INDUSTRIAL METHANE LEAKS ALL OVER THE PLANET. 600,000
    ENVISION EXCELLENCE IN STEM EDUCATION
    PO BOX 18050
    CLEVELAND HEIGHTS,OH44118     		  PC TO SUPPORT THE STEM ECOSYSTEMS CONVENING, APRIL 2-4, 2020, IN SAN ANTONIO, TEXAS, AND TO INTRODUCE AND DRIVE ADOPTION OF INVENTION EDUCATION TO REGIONAL CENTERS. 70,000
    ENVISION EXCELLENCE IN STEM EDUCATION
    PO BOX 18050
    CLEVELAND HEIGHTS,OH44118     		  PC TO PROVIDE MEMBERSHIP SUPPORT TO STEM FUNDERS NETWORK. 10,000
    GLOBAL IMPACT INVESTING NETWORK
    0 BROAD STREET 38TH FLOOR NEW YORK
    NY 10004
    NEW YORK,NY10004     		  PC FOR MEMBERSHIP DUES AND OPERATING SUPPORT. 4,950
    GREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC
    3939 CAMPBELL AVE
    ARLINGTON,VA22206     		  PC TO CONTINUE SUPPORT OF NEWS PROGRAMMING AND EDUCATIONAL MATERIALS HIGHLIGHTING THE IMPACT OF INVENTION AND INNOVATION. 363,196
    IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION
    C/O CARE CORPORATE SERVICES COMPANY
    251 LITTLE FALLS DRIVE
    WILMINGTON,DE19808     		  PC TO CREATE AND PUBLICLY DISSEMINATE A VALIDATED DATABASE OF CRITICAL UNMET NEEDS FOR MEDICAL DEVICE TECHNOLOGIES SERVING LOW RESOURCE POPULATIONS IN INDIA. 198,974
    INDEPENDENT SCHOOL DISTRICT 196 ROSEMOUNT - APPLE VALLEY - EAGAN
    14450 HAYES ROAD
    APPLE VALLEY,MN55123     		  PC TO SUPPORT THE DEVELOPMENT OF AN INVENTION EDUCATION PATHWAY TEMPLATE TO ASSIST EDUCATORS FROM ALL DISCIPLINES TO INFUSE INVENTION INTO THEIR PRACTICE. 25,000
    KENYA CLIMATE INNOVATION CENTER
    PO BOX 49162-00100 STRATHMORE
    BUSINESS SCHOOL OLE SANGALE ROAD MA
    NAIROBI   30410-00100
    KE     		  NC TO SUPPORT THE OPERATIONS OF A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. 148,992
    KENYA IMPACT INNOVATIONS FOUNDATION
    5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		  NC TO SUPPORT KENYA IMPACT INNOVATIONS FOUNDATION'S BUSINESS INCUBATION ACTIVITIES AND TO BUILD A STRONGER PIPELINE OF INVENTION-BASED ENTERPRISES IN EAST AFRICA THAT WILL MEET THE HEALTH NEEDS FOR LOW RESOURCE POPULATIONS. 403,866
    KENYA IMPACT INNOVATIONS FOUNDATION
    5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		  NC TO SUPPORT LOCAL INNOVATIONS IN RESPONSE TO THE COVID-19 PANDEMIC IN EAST AFRICA. 300,000
    KID MUSEUM
    6400 DEMOCRACY BLVD
    BETHESDA,MD20817     		  PC TO SUPPORT THE DEVELOPMENT OF TOOLS TO FURTHER THE INVENTION EDUCATION FIELD IN MAKING THE CASE FOR EQUITY. 25,000
    KID MUSEUM
    6400 DEMOCRACY BLVD
    BETHESDA,MD20817     		  PC TO SUPPORT A NEW PROFESSIONAL DEVELOPMENT PROGRAM FOR TEACHERS TO DEEPEN THEIR PRACTICE IN INVENTION EDUCATION. 25,000
    MAKER EDUCATION INITIATIVE
    1808 5TH ST
    BERKELEY,CA94710     		  PC TO CREATE A PLAN TO CONVENE AND SUPPORT EDUCATORS TO PARTICIPATE IN A YEAR-LONG COMMUNITY OF PRACTICE (CP). 50,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		  PC TO CONTINUE SUPPORT FOR THE LEMELSON-MIT PROGRAM INCLUDING THE LEMELSON-MIT PRIZE, STUDENT PRIZE PROGRAM, INVENTEAM PROGRAM, AND JV INVENTEAM INITIATIVE. 4,500,000
    NATIONAL COLLEGIATE INVENTORS AND INNOVATORS ALLIANCE
    100 VENTURE WAY
    HADLEY,MA01035     		  PC TO SUPPORT RESEARCH, ANALYSIS AND DISSEMINATION DESIGNED TO INCREASE EQUITY AND INCLUSION IN THE HIGHER EDUCATION INVENTION AND ENTREPRENEURSHIP PIPELINE. 146,728
    NATIONAL COLLEGIATE INVENTORS AND INNOVATORS ALLIANCE
    100 VENTURE WAY
    HADLEY,MA01035     		  PC TO SUPPORT PROMISING, EARLY-STAGE STUDENT INVENTORS IN THE VENTURE DEVELOPMENT PROCESS, AND TO SUPPORT FACULTY TO CULTIVATE THE CONDITIONS THAT NURTURE STUDENT INVENTORS. 3,094,405
    NATIONAL INVENTORS HALL OF FAME INC
    3701 HIGHLAND PARK NW
    NORTH CANTON,OH44720     		  PC TO SUPPORT RESEARCH ON HOW THE CONCEPT OF IDENTITY PLAYS AN IMPORTANT ROLE FOR K-6 GRADE GIRLS IN AN INVENTION EDUCATION SUMMER PROGRAM. 24,627
    NATIONAL PUBLIC RADIO INC
    1111 NORTH CAPITOL ST NE
    WASHINGTON,DC20002     		  PC TO CONTINUE SUPPORT FOR THE RADIO AND WEB SERIES, "JOE'S BIG IDEA" THAT EXPLORES HOW IDEAS BECOME INNOVATIONS AND INVENTIONS. 280,000
    OREGON BUSINESS COUNCIL CHARITABLE INSTITUTE
    1100 SW 6TH AVE STE 1608
    PORTLAND,OR97204     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE OREGON LEADERSHIP 2020 CONFERENCE. 2,500
    OREGON COMMUNITY FOUNDATION
    1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO SUPPORT THE OREGON COMMUNITY RECOVERY GRANT PROGRAM IN SUPPORT OF PROGRAMS ADDRESSING BASIC NEEDS, JOBS AND ECONOMY, CHILDCARE, SOCIAL AND EMOTIONAL NEEDS, AND SCHOOL CLOSURES. 300,000
    OREGON COMMUNITY FOUNDATION
    1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO PROVIDE FUNDS AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES IN OREGON DURING THE COVID-19 CRISIS 100,000
    OREGON COMMUNITY FOUNDATION
    1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO SUPPORT THE RESEARCH FOR AND PRODUCTION OF THE 2020 OREGON CAPITAL SCAN, A SERIES OF REPORTS BY THE UNIVERSITY OF OREGONS LUNDQUIST CENTER FOR ENTREPRENEURSHIP AND INNOVATION ON ACCESS TO CAPITAL FOR ENTREPRENEURS IN OREGON. 15,000
    OREGON COMMUNITY FOUNDATION
    1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO PROVIDE SUPPORT TO OREGON COMMUNITY FOUNDATION'S RECOVERY AND REBUILDING FUND, A DISASTER RELIEF FUND SET UP AFTER THE OREGON WILDFIRES. 150,000
    OREGON STATE UNIVERSITY
    1500 SW JEFFERSON AVE
    CORVALLIS,OR97331     		  PC TO SUPPORT THE INNOVATION AND ENTREPRENEURSHIP SUMMIT: A SEISMIC SHIFT IN PROMOTION AND TENURE (WWW.PTIE.ORG) TO BE HELD IN WASHINGTON DC SEPTEMBER 16-18, 2020. 5,000
    OREGON STATE UNIVERSITY
    1500 SW JEFFERSON AVE
    CORVALLIS,OR97331     		  PC TO INTEGRATE THE ENVIRONMENTAL RESPONSIBLE ENGINEERING (ERE) FRAMEWORK AND ENVIRONMENT FOR ONE PLANET (EOP) TOPICS INTO STUDENTS ACADEMIC AND SOCIAL SYSTEMS BY LEVERAGING A NEW, COLLEGE-WIDE FIRST-YEAR ENGINEERING EXPERIENCE, REVISING EXISTING UPPER-DIVISION CLASSES, AND CREATING A NEW CO-CURRICULAR PATHWAY. 10,000
    OREGON STATE UNIVERSITY FOUNDATION
    4238 SW RESEARCH WAY
    CORVALLIS,OR973331068     		  PC TO SUPPORT OREGON STATE UNIVERSITY FOUNDATION SERVING AS FISCAL SPONSOR FOR OREGON STATE UNIVERSITY TO IMPLEMENT MOBILE INVENTION CAMPS AND RELATED EDUCATOR TRAINING PROGRAMS IN RURAL OREGON. 120,000
    PEAK GRANTMAKING INC
    1666 K STREET NW SUITE 440
    WASHINGTON,DC20006     		  PC TO PROVIDE MEMBERSHIP DUES AND OPERATING SUPPORT. 1,152
    PHILANTHROPY NORTHWEST
    2101 FOURTH AVE SUITE 650
    SEATTLE,WA98121     		  PC TO RENEW THE FOUNDATION'S MEMBERSHIP AND FOR GENERAL OPERATING SUPPORT FOR PHILANTHROPY NORTHWEST. 15,405
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT PORTLAND STATE UNIVERSITY FOUNDATION SERVING AS A FISCAL SPONSOR FOR OREGON MESA PROGRAM ACTIVITIES, TO INCLUDE ORGANIZATIONAL STRATEGIC PLANNING, DEVELOPING AND DISSEMINATING NEW INVENTION EDUCATION CURRICULA, CONDUCTING TEACHER TRAINING, EXPANDING TO NEW REGIONS IN OREGON AND CREATING NEW INTERNATIONAL PARTNERSHIPS. 317,089
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT PORTLAND STATE UNIVERSITY FOUNDATION SERVING AS A FISCAL SPONSOR FOR PORTLAND STATE UNIVERSITY BOOTCAMP FOR CURRICULUM DEVELOPMENT AND DOCUMENTATION, ENHANCED MENTOR TRAINING, AND SUPPORT FOR EXPANSION OF THE COURSE TO ADDITIONAL INSTITUTIONS. 147,081
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT A STATEWIDE COLLEGIATE INVENTION COMPETITION IN OREGON. 167,000
    ROCKY MOUNTAIN INSTITUTE
    2490 JUNCTION PLACE SUITE 200
    BOULDER,CO80301     		  PC TO SUPPORT THE GLOBAL COOLING PRIZE EFFORTS TO AWARD FUNDING TO ORGANIZATIONS THAT ARE DEVELOPING A 5-FOLD EFFICIENCY INCREASE IN COOLING REFRIGERANTS, STARTING IN INDIA. 300,000
    SAN ANTONIO AREA FOUNDATION
    303 PEARL PARKWAY SUITE 114
    SAN ANTONIO,TX78215     		  PC TO SUPPORT THE SAN ANTONIO AREA FOUNDATION FOR SA-BEXAR STEM/STEAM ECOSYSTEM FOR IMPLEMENTATION OF THE INAUGURAL TX INVENTION CONVENTION TO BE HELD AT THE STEM ECOSYSTEMS CONVENING. 5,000
    SELCO FOUNDATION
    690 FIRST FLOOR 100FT RING ROAD
    15TH CROSS 2ND PHASE JP NAGAR
    BANGALORE KARNATAKA   560078
    IN     		  PC - EQUIVALENCY DET TO SUPPORT THE INCUBATION OF INVENTION-BASED ENTERPRISES DESIGNED TO IMPROVE LIVES IN LOW INCOME COMMUNITIES IN INDIA. 314,380
    SELCO FOUNDATION
    690 FIRST FLOOR 100FT RING ROAD
    15TH CROSS 2ND PHASE JP NAGAR
    BANGALORE KARNATAKA   560078
    IN     		  PC - EQUIVALENCY DET TO SUPPORT RESEARCH AND NARRATIVE BUILDING RELATED TO BEST PRACTICES AND POLICIES FOR CLIMATE CHANGE MITIGATION AND ADAPTATION. 50,000
    SMITHSONIAN INSTITUTION
    BEHRING CENTER 14TH STREET AND
    CONSTITUTION AVENUE NW
    WASHINGTON,DC20560     		  PC TO SPONSOR A FIVE-DAY WEBINAR SERIES, BEING HELD NOVEMBER 16-20, 2020, THAT WILL DRAW RENEWED ATTENTION TO HISTORIC AND CONTEMPORARY INVENTORS OF COLOR AND BLACK TECHNOLOGY CONSUMERS, WHILE DISCUSSING STRATEGIES FOR BUILDING A MORE EQUITABLE INNOVATION ECOSYSTEM. 25,000
    SOCIETY FOR SCIENCE AND THE PUBLIC
    1719 N STREET NW
    WASHINGTON,DC20036     		  PC TO DEVELOP A LEMELSON AWARD FOR INVENTION AT BROADCOM MASTERS AND INSPIRE YOUTH ON INVENTION THROUGH THE DISSEMINATION OF AGE-APPROPRIATE INVENTION MEDIA CONTENT. 123,637
    ST THOMAS ACADEMY
    949 MENDOTA HEIGHTS ROAD
    MENDOTA HEIGHTS,MN55120     		  PC TO INTRODUCE INVENTION EDUCATION (IVE) TO NEW IN-SCHOOL EDUCATORS VIA SHORT INTRODUCTORY LESSONS PLANS THAT LEAD TO FURTHER INTEREST IN IVE. 40,000
    STATE UNIVERSITY OF IOWA FOUNDATION
    ONE WEST PARK ROAD PO BOX 4550
    IOWA CITY,IA522444550     		  PC TO SUPPORT THE PLANNING, REVISION AND DEVELOPMENT OF COMMON ASSESSMENT AND EVALUATION TOOLS THAT ADDRESS THE UNIQUE NEEDS OF INVENTION EDUCATION PROGRAMS OCCURRING BOTH IN-SCHOOL AND OUT-OF-SCHOOL. 24,955
    THE ASME FOUNDATION INC
    TWO PARK AVENUE
    NEW YORK,NY100165990     		  PC TO PROVIDE CONTINUED SUPPORT OF ASME ISHOW IN INDIA, KENYA, AND IN THE UNITED STATES. 22,000
    THE ASPEN INSTITUTE INC
    2300 N ST NW
    WASHINGTON,DC20037     		  PC TO SUPPORT THE ASPEN NETWORK OF DEVELOPMENT ENTREPRENEURS LAUNCH OF A NEW ENVIRONMENT ACTION PRACTICE. 100,000
    THE ASPEN INSTITUTE INC
    2300 N ST NW
    WASHINGTON,DC20037     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE 2020 ANNUAL ANDE MEMBER CONFERENCE. 5,000
    THE ASPEN INSTITUTE INC
    2300 N ST NW
    WASHINGTON,DC20037     		  PC FOR MEMBERSHIP DUES AND OPERATING SUPPORT. 12,000
    THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY
    DEPARTMENT OF BIOENGINEERING 318
    CAMPUS DRIVE CLARK CENTER ROOM E-10
    STANFORD,CA943055428     		  PC TO SUPPORT IMPROVED SYSTEMS THAT WILL ENABLE GREATER ADOPTION OF HEALTH TECHNOLOGIES IN INDIA. 50,000
    THE CONVERSATION US INC
    89 SOUTH STREET SUITE 202
    BOSTON,MA02111     		  PC TO SUPPORT A PILOT PROJECT TO PRODUCE AND DISTRIBUTE ARTICLES THAT DEMONSTRATE THE RELEVANCE OF INVENTION IN THE CONTEXT OF TRENDS RELATED TO THE ECONOMY, EDUCATION AND SCIENCE-AND TECHNOLOGY-DRIVEN INNOVATION. 85,000
    THE EDISON INSTITUTE INC
    20900 OAKWOOD BLVD
    DEARBORN,MI48124     		  PC TO HELP SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH LINKED TO INVENTION AND ENTREPRENEURSHIP (STEMIE) PROGRAM BUILD A SUPPORTIVE ECOSYSTEM FOR INVENTION CONVENTION AFFILIATES GROWTH AND TO SUPPORT STEMIES ORGANIZATIONAL GROWTH IN DIVERSITY AND INCLUSION EFFORTS. 375,000
    THE REGENTS OF THE UNIVERSITY OF CALIFORNIA
    1111 FRANKLIN ST
    OAKLAND,CA94607     		  PC TO SUPPORT TRAINING NATIONAL MESA EDUCATORS ON HOW TO TEACH INVENTION EDUCATION TO MESA STUDENTS. 22,472
    THE UNIVERSITY OF CENTRAL FLORIDA BOARD OF TRUSTEES
    4000 CENTRAL FLORIDA BLVD
    ORLANDO,FL32816     		  PC THE UCF ERE PILOT PROGRAM IS A JOINT INITIATIVE OF THE UNIVERSITY OF CENTRAL FLORIDA (UCF) COLLEGE OF ENGINEERING AND COMPUTER SCIENCE (CECS) AND UCF SUSTAINABILITY INITIATIVES. UCF IS A PUBLIC MULTI-CAMPUS, METROPOLITAN RESEARCH UNIVERSITY WITH MORE THAN 69,000 STUDENTS AND IS A DESIGNATED HISPANIC-SERVING INSTITUTION. UCF ERE PILOT PROGRAM CONSISTS OF 3 ELEMENTS 1) CURRICULUM/PROGRAM INTEGRATION WILL FOCUS ON MAKING SURE THE ERE FRAMEWORK IS INTEGRATED INTO EXISTING COURSES, 2) UCF ERE COMMUNITY OF PRACTICE TO FACILITATE AND DISSEMINATE THE TEACHING, CONTENT AND LEARNING PRACTICES AND TO SUPPORT CAPACITY-BUILDING, AND 3) UCF ERE STUDENT CHAPTER A GRASSROOTS EFFORT TO ENGAGE STUDENTS IN ERE LEARNING AND DESIGN ACTIVITIES. 10,000
    TIE OREGON FOUNDATION
    PO BOX 25627
    PORTLAND,OR972980627     		  PC TO CONTINUE PROVIDING FUNDING FOR INVENTION BASED CURRICULUM AND IN-SCHOOL INSTRUCTION FOR TIE YOUNG ENTREPRENEURS. 128,496
    UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION INC
    PO BOX 97930
    PITTSBURGH,PA15227     		  PC TO DEVELOP PRACTICABLE IDEAS FOR UNIVERSITY CONTRIBUTIONS TO REGIONAL INVENTION ECOSYSTEMS. 40,000
    UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION INC
    PO BOX 97930
    PITTSBURGH,PA15227     		  PC TO PROVIDE CONFERENCE SUPPORT FOR THE VIRTUAL UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION ANNUAL SUMMIT ON SEPTEMBER 21-24, 2020. 7,500
    UNIVERSITY OF CENTRAL FLORIDA RESEARCH FOUNDATION
    12201 RESEARCH PARKWAY SUITE 501
    ORLANDO,FL328263246     		  PC TO SUPPORT THE ENVIRONMENTAL RESPONSIBLE ENGINEERING (ERE) PILOT PROGRAM, A JOINT INITIATIVE OF THE UNIVERSITY OF CENTRAL FLORIDA (UCF) COLLEGE OF ENGINEERING AND COMPUTER SCIENCE (CECS) AND UCF SUSTAINABILITY INITIATIVES, TO INTEGRATE THE ERE FRAMEWORK INTO EXISTING COURSES, DISSEMINATE THE TEACHING, CONTENT AND LEARNING PRACTICES, AND ENGAGE STUDENTS IN ERE LEARNING AND DESIGN ACTIVITIES. 25,000
    UNIVERSITY OF MARYLAND
    COLLEGE PARK
    COLLEGE PARK,MD20742     		  PC TO INTEGRATE THE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) FRAMEWORK CONTENT INTO REQUIRED UNDERGRADUATE COURSES WITH A GOAL OF EMPOWERING STUDENTS TO ACT THROUGH PROJECT COURSES, INCREASE AWARENESS OF ERE ISSUES THROUGHOUT OTHER COURSES, AND WEAVING TOGETHER A COHERENT ERE MESSAGE THROUGHOUT THE CURRICULUM. 10,000
    VERTUELAB
    412 SW 12TH AVENUE SECOND FLOOR
    PORTLAND,OR972052329     		  PC TO SUPPORT THE VIRTUAL FUEL 2020 CONFERENCE SEPTEMBER 9-25, 2020. 2,500
    VILLANOVA UNIVERSITY
    800 LANCASTER AVENUE
    VILLANOVA,PA190851699     		  PC TO PLAN TO INCORPORATE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) INTO THEIR CLASSES AND ASSESS THE EFFECTIVENESS OF THEIR METHOD(S). 10,000
    VILLGRO INNOVATIONS FOUNDATION
    III FLOOR IITM RESEARCH PARK
    KANAGAM ROAD TARAMANI
    CHENNAI   600 113
    IN     		  PC - EQUIVALENCY DET TO SUPPORT THE INCUBATION AND LAUNCH OF HIGH-IMPACT, HIGHLY SCALABLE, INVENTION-BASED ENTERPRISES IN INDIA THAT IMPROVE LIVES OF THE POOR IN INDIA AS WELL AS STRENGTHEN THE OPERATIONS AND SUSTAINABILITY OF THE VILLGRO MODEL. 532,951
    WILLIAM MARSH RICE UNIVERSITY
    6100 MAIN STREET MS 390 OSHMAN
    ENGINEERING DESIGN KITCHEN 107
    HOUSTON,TX77005     		  PC TO EXPAND A HIGHQUALITY INVENTION EDUCATION PROGRAM WITHIN MALAWI AND TANZANIA, AND TO DEVELOP AND DISSEMINATE GUIDELINES TO ENABLE OTHER INSTITUTIONS IN AFRICA TO LEARN FROM AND ADAPT BEST PRACTICES. 460,000
    Total .................................bullet 3a 14,889,797
    bApproved for future payment
    ARIZONA BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UNIVERSITY
    UNIVERSITY DRIVE AND MILL AVENUE
    TEMPE,AZ85287     		  PC TO CONTINUE SUPPORT OF THE AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE (AAAS)-LEMELSON INVENTION AMBASSADORS PROGRAM. 20,000
    BEYOND BENIGN INCORPORATED
    18 CHURCH STREET PO BOX 1016
    WILMINGTON,MA01887     		  PC TO SUPPORT ACTIVITIES THAT INCREASE AWARENESS OF INVENTION TO THE CHEMISTRY COMMUNITY AND INCREASE THE STEM FIELD SUBJECT DIVERSITY OF THE INVENTION EDUCATION COMMUNITY. 129,428
    NATIONAL COLLEGIATE INVENTORS AND INNOVATORS ALLIANCE
    100 VENTURE WAY
    HADLEY,MA01035     		  PC TO SUPPORT PROMISING, EARLY-STAGE STUDENT INVENTORS IN THE VENTURE DEVELOPMENT PROCESS, AND TO SUPPORT FACULTY TO CULTIVATE THE CONDITIONS THAT NURTURE STUDENT INVENTORS. 9,155,572
    OREGON STATE UNIVERSITY
    1500 SW JEFFERSON AVE
    CORVALLIS,OR97331     		  PC TO INTEGRATE THE ENVIRONMENTAL RESPONSIBLE ENGINEERING (ERE) FRAMEWORK AND ENVIRONMENT FOR ONE PLANET (EOP) TOPICS INTO STUDENTS ACADEMIC AND SOCIAL SYSTEMS BY LEVERAGING A NEW, COLLEGE-WIDE FIRST-YEAR ENGINEERING EXPERIENCE, REVISING EXISTING UPPER-DIVISION CLASSES, AND CREATING A NEW CO-CURRICULAR PATHWAY. 20,000
    PORTLAND STATE UNIVERSITY FOUNDATION
    BOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT A STATEWIDE COLLEGIATE INVENTION COMPETITION IN OREGON. 833,000
    SELCO FOUNDATION
    690 FIRST FLOOR 100FT RING ROAD
    15TH CROSS 2ND PHASE JP NAGAR
    BANGALORE,KARNATAKA560078
    IN     		  PC - EQUIVALENCY DET TO SUPPORT RESEARCH AND NARRATIVE BUILDING RELATED TO BEST PRACTICES AND POLICIES FOR CLIMATE CHANGE MITIGATION AND ADAPTATION. 5,889
    THE ASME FOUNDATION INC
    TWO PARK AVENUE
    NEW YORK,NY100165990     		  SO-I TO PROVIDE CONTINUED SUPPORT OF ASME ISHOW IN INDIA, KENYA, AND IN THE UNITED STATES. 240,000
    THE ASPEN INSTITUTE INC
    2300 N ST NW
    WASHINGTON,DC20037     		  PC TO SUPPORT THE ASPEN NETWORK OF DEVELOPMENT ENTREPRENEURS LAUNCH OF A NEW ENVIRONMENT ACTION PRACTICE. 250,000
    THE CONVERSATION US INC
    89 SOUTH STREET SUITE 202
    BOSTON,MA02111     		  PC TO SUPPORT A PILOT PROJECT TO PRODUCE AND DISTRIBUTE ARTICLES THAT DEMONSTRATE THE RELEVANCE OF INVENTION IN THE CONTEXT OF TRENDS RELATED TO THE ECONOMY, EDUCATION AND SCIENCE-AND TECHNOLOGY-DRIVEN INNOVATION. 10,000
    THE UNIVERSITY OF CENTRAL FLORIDA BOARD OF TRUSTEES
    4000 CENTRAL FLORIDA BLVD
    ORLANDO,FL32816     		  PC THE UCF ERE PILOT PROGRAM IS A JOINT INITIATIVE OF THE UNIVERSITY OF CENTRAL FLORIDA (UCF) COLLEGE OF ENGINEERING AND COMPUTER SCIENCE (CECS) AND UCF SUSTAINABILITY INITIATIVES. UCF IS A PUBLIC MULTI-CAMPUS, METROPOLITAN RESEARCH UNIVERSITY WITH MORE THAN 69,000 STUDENTS AND IS A DESIGNATED HISPANIC-SERVING INSTITUTION. UCF ERE PILOT PROGRAM CONSISTS OF 3 ELEMENTS 1) CURRICULUM/PROGRAM INTEGRATION WILL FOCUS ON MAKING SURE THE ERE FRAMEWORK IS INTEGRATED INTO EXISTING COURSES, 2) UCF ERE COMMUNITY OF PRACTICE TO FACILITATE AND DISSEMINATE THE TEACHING, CONTENT AND LEARNING PRACTICES AND TO SUPPORT CAPACITY-BUILDING, AND 3) UCF ERE STUDENT CHAPTER A GRASSROOTS EFFORT TO ENGAGE STUDENTS IN ERE LEARNING AND DESIGN ACTIVITIES. 20,000
    UNIVERSITY OF MARYLAND
    COLLEGE PARK
    COLLEGE PARK,MD20742     		  PC TO INTEGRATE THE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) FRAMEWORK CONTENT INTO REQUIRED UNDERGRADUATE COURSES WITH A GOAL OF EMPOWERING STUDENTS TO ACT THROUGH PROJECT COURSES, INCREASE AWARENESS OF ERE ISSUES THROUGHOUT OTHER COURSES, AND WEAVING TOGETHER A COHERENT ERE MESSAGE THROUGHOUT THE CURRICULUM. 20,000
    VILLANOVA UNIVERSITY
    800 LANCASTER AVENUE
    VILLANOVA,PA190851699     		  PC TO PLAN TO INCORPORATE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) INTO THEIR CLASSES AND ASSESS THE EFFECTIVENESS OF THEIR METHOD(S). 19,728
    Total .................................bullet 3b 10,723,617
    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
    aPRI INVESTMENT INCOME         21,014
    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 85,838  
    4 Dividends and interest from securities....     14 6,837,455 100,346
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 2,546,058  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		901101 178,351 18 24,861,251  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFOREIGN CURRENCY GAIN/(LOSS)     		    01 -144,168  
    bOTHER INCOME 901101 -662,551 01 639  
    cSTATE TAX REFUND     01 3,384  
    dPRIOR YEAR GRANT REFUND         71
    e
    12 Subtotal. Add columns (b), (d), and (e).. -484,200 34,190,457 121,431
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    33,827,688
    (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.)
    1A PROGRAM RELATED INVESTMENT INCOME
    4 TAX EXEMPT INTEREST
    11D PRIOR YEAR QUALIFYING DISTRIBUTIONS
    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

    Form 990PF Part XV Line 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
    AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE1200 NEW YORK AVENUE NW
    WASHINGTON,DC20005     		  PC TO CONTINUE SUPPORT OF THE AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE (AAAS)-LEMELSON INVENTION AMBASSADORS PROGRAM. 225,497
    ARIZONA BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UNIVERSITYUNIVERSITY DRIVE AND MILL AVENUE
    TEMPE,AZ85287     		  PC TO MODIFY A CORE, SECOND-YEAR COURSE THAT USES PROJECT-BASED LEARNING AS A VEHICLE TO DELIVER ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) CONTENT TO STUDENTS ACROSS MULTIPLE ENGINEERING DISCIPLINES. 10,000
    BEYOND BENIGN INCORPORATED18 CHURCH STREET PO BOX 1016
    WILMINGTON,MA01887     		  PC TO SUPPORT ACTIVITIES THAT INCREASE AWARENESS OF INVENTION TO THE CHEMISTRY COMMUNITY AND INCREASE THE STEM FIELD SUBJECT DIVERSITY OF THE INVENTION EDUCATION COMMUNITY. 24,522
    BEYOND BENIGN INCORPORATED18 CHURCH STREET PO BOX 1016
    WILMINGTON,MA01887     		  PC TO SUPPORT THE INTEGRATION OF INVENTION EDUCATION INTO MORE CLASSROOMS. 120,571
    BIOSTL4340 DUNCAN AVE
    SAINT LOUIS,MO63110     		  PC TO SUPPORT A TEACHER PROFESSIONAL DEVELOPMENT PROGRAM THAT CAN BE READILY SHARED AND IMPLEMENTED BY EDUCATORS AND THE SCIENCE FAIR COMMUNITY ACROSS THE NATION. 32,351
    COUNCIL ON COMPETITIVENESS900 17TH STREET NW SUITE 700
    WASHINGTON,DC20006     		  PC TO MANAGE AND EXECUTE THE NATIONAL COMMISSION ON INNOVATION & COMPETITIVENESS FRONTIERS, (COMMISSION) A THREE TO FIVE-YEAR EFFORT TO EXPLORE AND DEFINE TODAYS LONG-TERM INNOVATION DRIVERS FROM TECHNOLOGIES TO BUSINESS MODELS AND DEVELOP A NATIONAL INNOVATION CALL TO ACTION, RECOMMENDING THE BEST PRIVATE AND PUBLIC-SECTOR STRATEGIES TO ENHANCE AND EXPAND THE NATIONS INNOVATION CAPACITIES AT THE HEART OF COMPETITIVENESS. 75,000
    ENVIRONMENTAL DEFENSE FUND INCORPORATED257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		  PC TO SUPPORT METHANESAT, AN ORBITAL EYE IN THE SKY THAT COULD MONITOR INDUSTRIAL METHANE LEAKS ALL OVER THE PLANET. 600,000
    ENVISION EXCELLENCE IN STEM EDUCATIONPO BOX 18050
    CLEVELAND HEIGHTS,OH44118     		  PC TO SUPPORT THE STEM ECOSYSTEMS CONVENING, APRIL 2-4, 2020, IN SAN ANTONIO, TEXAS, AND TO INTRODUCE AND DRIVE ADOPTION OF INVENTION EDUCATION TO REGIONAL CENTERS. 70,000
    ENVISION EXCELLENCE IN STEM EDUCATIONPO BOX 18050
    CLEVELAND HEIGHTS,OH44118     		  PC TO PROVIDE MEMBERSHIP SUPPORT TO STEM FUNDERS NETWORK. 10,000
    GLOBAL IMPACT INVESTING NETWORK0 BROAD STREET 38TH FLOOR NEW YORK
    NY 10004
    NEW YORK,NY10004     		  PC FOR MEMBERSHIP DUES AND OPERATING SUPPORT. 4,950
    GREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC3939 CAMPBELL AVE
    ARLINGTON,VA22206     		  PC TO CONTINUE SUPPORT OF NEWS PROGRAMMING AND EDUCATIONAL MATERIALS HIGHLIGHTING THE IMPACT OF INVENTION AND INNOVATION. 363,196
    IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATIONC/O CARE CORPORATE SERVICES COMPANY
    251 LITTLE FALLS DRIVE
    WILMINGTON,DE19808     		  PC TO CREATE AND PUBLICLY DISSEMINATE A VALIDATED DATABASE OF CRITICAL UNMET NEEDS FOR MEDICAL DEVICE TECHNOLOGIES SERVING LOW RESOURCE POPULATIONS IN INDIA. 198,974
    INDEPENDENT SCHOOL DISTRICT 196 ROSEMOUNT - APPLE VALLEY - EAGAN14450 HAYES ROAD
    APPLE VALLEY,MN55123     		  PC TO SUPPORT THE DEVELOPMENT OF AN INVENTION EDUCATION PATHWAY TEMPLATE TO ASSIST EDUCATORS FROM ALL DISCIPLINES TO INFUSE INVENTION INTO THEIR PRACTICE. 25,000
    KENYA CLIMATE INNOVATION CENTERPO BOX 49162-00100 STRATHMORE
    BUSINESS SCHOOL OLE SANGALE ROAD MA
    NAIROBI   30410-00100
    KE     		  NC TO SUPPORT THE OPERATIONS OF A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. 148,992
    KENYA IMPACT INNOVATIONS FOUNDATION5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		  NC TO SUPPORT KENYA IMPACT INNOVATIONS FOUNDATION'S BUSINESS INCUBATION ACTIVITIES AND TO BUILD A STRONGER PIPELINE OF INVENTION-BASED ENTERPRISES IN EAST AFRICA THAT WILL MEET THE HEALTH NEEDS FOR LOW RESOURCE POPULATIONS. 403,866
    KENYA IMPACT INNOVATIONS FOUNDATION5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		  NC TO SUPPORT LOCAL INNOVATIONS IN RESPONSE TO THE COVID-19 PANDEMIC IN EAST AFRICA. 300,000
    KID MUSEUM6400 DEMOCRACY BLVD
    BETHESDA,MD20817     		  PC TO SUPPORT THE DEVELOPMENT OF TOOLS TO FURTHER THE INVENTION EDUCATION FIELD IN MAKING THE CASE FOR EQUITY. 25,000
    KID MUSEUM6400 DEMOCRACY BLVD
    BETHESDA,MD20817     		  PC TO SUPPORT A NEW PROFESSIONAL DEVELOPMENT PROGRAM FOR TEACHERS TO DEEPEN THEIR PRACTICE IN INVENTION EDUCATION. 25,000
    MAKER EDUCATION INITIATIVE1808 5TH ST
    BERKELEY,CA94710     		  PC TO CREATE A PLAN TO CONVENE AND SUPPORT EDUCATORS TO PARTICIPATE IN A YEAR-LONG COMMUNITY OF PRACTICE (CP). 50,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY77 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		  PC TO CONTINUE SUPPORT FOR THE LEMELSON-MIT PROGRAM INCLUDING THE LEMELSON-MIT PRIZE, STUDENT PRIZE PROGRAM, INVENTEAM PROGRAM, AND JV INVENTEAM INITIATIVE. 4,500,000
    NATIONAL COLLEGIATE INVENTORS AND INNOVATORS ALLIANCE100 VENTURE WAY
    HADLEY,MA01035     		  PC TO SUPPORT RESEARCH, ANALYSIS AND DISSEMINATION DESIGNED TO INCREASE EQUITY AND INCLUSION IN THE HIGHER EDUCATION INVENTION AND ENTREPRENEURSHIP PIPELINE. 146,728
    NATIONAL COLLEGIATE INVENTORS AND INNOVATORS ALLIANCE100 VENTURE WAY
    HADLEY,MA01035     		  PC TO SUPPORT PROMISING, EARLY-STAGE STUDENT INVENTORS IN THE VENTURE DEVELOPMENT PROCESS, AND TO SUPPORT FACULTY TO CULTIVATE THE CONDITIONS THAT NURTURE STUDENT INVENTORS. 3,094,405
    NATIONAL INVENTORS HALL OF FAME INC3701 HIGHLAND PARK NW
    NORTH CANTON,OH44720     		  PC TO SUPPORT RESEARCH ON HOW THE CONCEPT OF IDENTITY PLAYS AN IMPORTANT ROLE FOR K-6 GRADE GIRLS IN AN INVENTION EDUCATION SUMMER PROGRAM. 24,627
    NATIONAL PUBLIC RADIO INC1111 NORTH CAPITOL ST NE
    WASHINGTON,DC20002     		  PC TO CONTINUE SUPPORT FOR THE RADIO AND WEB SERIES, "JOE'S BIG IDEA" THAT EXPLORES HOW IDEAS BECOME INNOVATIONS AND INVENTIONS. 280,000
    OREGON BUSINESS COUNCIL CHARITABLE INSTITUTE1100 SW 6TH AVE STE 1608
    PORTLAND,OR97204     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE OREGON LEADERSHIP 2020 CONFERENCE. 2,500
    OREGON COMMUNITY FOUNDATION1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO SUPPORT THE OREGON COMMUNITY RECOVERY GRANT PROGRAM IN SUPPORT OF PROGRAMS ADDRESSING BASIC NEEDS, JOBS AND ECONOMY, CHILDCARE, SOCIAL AND EMOTIONAL NEEDS, AND SCHOOL CLOSURES. 300,000
    OREGON COMMUNITY FOUNDATION1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO PROVIDE FUNDS AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES IN OREGON DURING THE COVID-19 CRISIS 100,000
    OREGON COMMUNITY FOUNDATION1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO SUPPORT THE RESEARCH FOR AND PRODUCTION OF THE 2020 OREGON CAPITAL SCAN, A SERIES OF REPORTS BY THE UNIVERSITY OF OREGONS LUNDQUIST CENTER FOR ENTREPRENEURSHIP AND INNOVATION ON ACCESS TO CAPITAL FOR ENTREPRENEURS IN OREGON. 15,000
    OREGON COMMUNITY FOUNDATION1221 SW YAMHILL 100
    PORTLAND,OR97205     		  PC TO PROVIDE SUPPORT TO OREGON COMMUNITY FOUNDATION'S RECOVERY AND REBUILDING FUND, A DISASTER RELIEF FUND SET UP AFTER THE OREGON WILDFIRES. 150,000
    OREGON STATE UNIVERSITY1500 SW JEFFERSON AVE
    CORVALLIS,OR97331     		  PC TO SUPPORT THE INNOVATION AND ENTREPRENEURSHIP SUMMIT: A SEISMIC SHIFT IN PROMOTION AND TENURE (WWW.PTIE.ORG) TO BE HELD IN WASHINGTON DC SEPTEMBER 16-18, 2020. 5,000
    OREGON STATE UNIVERSITY1500 SW JEFFERSON AVE
    CORVALLIS,OR97331     		  PC TO INTEGRATE THE ENVIRONMENTAL RESPONSIBLE ENGINEERING (ERE) FRAMEWORK AND ENVIRONMENT FOR ONE PLANET (EOP) TOPICS INTO STUDENTS ACADEMIC AND SOCIAL SYSTEMS BY LEVERAGING A NEW, COLLEGE-WIDE FIRST-YEAR ENGINEERING EXPERIENCE, REVISING EXISTING UPPER-DIVISION CLASSES, AND CREATING A NEW CO-CURRICULAR PATHWAY. 10,000
    OREGON STATE UNIVERSITY FOUNDATION4238 SW RESEARCH WAY
    CORVALLIS,OR973331068     		  PC TO SUPPORT OREGON STATE UNIVERSITY FOUNDATION SERVING AS FISCAL SPONSOR FOR OREGON STATE UNIVERSITY TO IMPLEMENT MOBILE INVENTION CAMPS AND RELATED EDUCATOR TRAINING PROGRAMS IN RURAL OREGON. 120,000
    PEAK GRANTMAKING INC1666 K STREET NW SUITE 440
    WASHINGTON,DC20006     		  PC TO PROVIDE MEMBERSHIP DUES AND OPERATING SUPPORT. 1,152
    PHILANTHROPY NORTHWEST2101 FOURTH AVE SUITE 650
    SEATTLE,WA98121     		  PC TO RENEW THE FOUNDATION'S MEMBERSHIP AND FOR GENERAL OPERATING SUPPORT FOR PHILANTHROPY NORTHWEST. 15,405
    PORTLAND STATE UNIVERSITY FOUNDATIONBOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT PORTLAND STATE UNIVERSITY FOUNDATION SERVING AS A FISCAL SPONSOR FOR OREGON MESA PROGRAM ACTIVITIES, TO INCLUDE ORGANIZATIONAL STRATEGIC PLANNING, DEVELOPING AND DISSEMINATING NEW INVENTION EDUCATION CURRICULA, CONDUCTING TEACHER TRAINING, EXPANDING TO NEW REGIONS IN OREGON AND CREATING NEW INTERNATIONAL PARTNERSHIPS. 317,089
    PORTLAND STATE UNIVERSITY FOUNDATIONBOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT PORTLAND STATE UNIVERSITY FOUNDATION SERVING AS A FISCAL SPONSOR FOR PORTLAND STATE UNIVERSITY BOOTCAMP FOR CURRICULUM DEVELOPMENT AND DOCUMENTATION, ENHANCED MENTOR TRAINING, AND SUPPORT FOR EXPANSION OF THE COURSE TO ADDITIONAL INSTITUTIONS. 147,081
    PORTLAND STATE UNIVERSITY FOUNDATIONBOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT A STATEWIDE COLLEGIATE INVENTION COMPETITION IN OREGON. 167,000
    ROCKY MOUNTAIN INSTITUTE2490 JUNCTION PLACE SUITE 200
    BOULDER,CO80301     		  PC TO SUPPORT THE GLOBAL COOLING PRIZE EFFORTS TO AWARD FUNDING TO ORGANIZATIONS THAT ARE DEVELOPING A 5-FOLD EFFICIENCY INCREASE IN COOLING REFRIGERANTS, STARTING IN INDIA. 300,000
    SAN ANTONIO AREA FOUNDATION303 PEARL PARKWAY SUITE 114
    SAN ANTONIO,TX78215     		  PC TO SUPPORT THE SAN ANTONIO AREA FOUNDATION FOR SA-BEXAR STEM/STEAM ECOSYSTEM FOR IMPLEMENTATION OF THE INAUGURAL TX INVENTION CONVENTION TO BE HELD AT THE STEM ECOSYSTEMS CONVENING. 5,000
    SELCO FOUNDATION690 FIRST FLOOR 100FT RING ROAD
    15TH CROSS 2ND PHASE JP NAGAR
    BANGALORE KARNATAKA   560078
    IN     		  PC - EQUIVALENCY DET TO SUPPORT THE INCUBATION OF INVENTION-BASED ENTERPRISES DESIGNED TO IMPROVE LIVES IN LOW INCOME COMMUNITIES IN INDIA. 314,380
    SELCO FOUNDATION690 FIRST FLOOR 100FT RING ROAD
    15TH CROSS 2ND PHASE JP NAGAR
    BANGALORE KARNATAKA   560078
    IN     		  PC - EQUIVALENCY DET TO SUPPORT RESEARCH AND NARRATIVE BUILDING RELATED TO BEST PRACTICES AND POLICIES FOR CLIMATE CHANGE MITIGATION AND ADAPTATION. 50,000
    SMITHSONIAN INSTITUTIONBEHRING CENTER 14TH STREET AND
    CONSTITUTION AVENUE NW
    WASHINGTON,DC20560     		  PC TO SPONSOR A FIVE-DAY WEBINAR SERIES, BEING HELD NOVEMBER 16-20, 2020, THAT WILL DRAW RENEWED ATTENTION TO HISTORIC AND CONTEMPORARY INVENTORS OF COLOR AND BLACK TECHNOLOGY CONSUMERS, WHILE DISCUSSING STRATEGIES FOR BUILDING A MORE EQUITABLE INNOVATION ECOSYSTEM. 25,000
    SOCIETY FOR SCIENCE AND THE PUBLIC1719 N STREET NW
    WASHINGTON,DC20036     		  PC TO DEVELOP A LEMELSON AWARD FOR INVENTION AT BROADCOM MASTERS AND INSPIRE YOUTH ON INVENTION THROUGH THE DISSEMINATION OF AGE-APPROPRIATE INVENTION MEDIA CONTENT. 123,637
    ST THOMAS ACADEMY949 MENDOTA HEIGHTS ROAD
    MENDOTA HEIGHTS,MN55120     		  PC TO INTRODUCE INVENTION EDUCATION (IVE) TO NEW IN-SCHOOL EDUCATORS VIA SHORT INTRODUCTORY LESSONS PLANS THAT LEAD TO FURTHER INTEREST IN IVE. 40,000
    STATE UNIVERSITY OF IOWA FOUNDATIONONE WEST PARK ROAD PO BOX 4550
    IOWA CITY,IA522444550     		  PC TO SUPPORT THE PLANNING, REVISION AND DEVELOPMENT OF COMMON ASSESSMENT AND EVALUATION TOOLS THAT ADDRESS THE UNIQUE NEEDS OF INVENTION EDUCATION PROGRAMS OCCURRING BOTH IN-SCHOOL AND OUT-OF-SCHOOL. 24,955
    THE ASME FOUNDATION INCTWO PARK AVENUE
    NEW YORK,NY100165990     		  PC TO PROVIDE CONTINUED SUPPORT OF ASME ISHOW IN INDIA, KENYA, AND IN THE UNITED STATES. 22,000
    THE ASPEN INSTITUTE INC2300 N ST NW
    WASHINGTON,DC20037     		  PC TO SUPPORT THE ASPEN NETWORK OF DEVELOPMENT ENTREPRENEURS LAUNCH OF A NEW ENVIRONMENT ACTION PRACTICE. 100,000
    THE ASPEN INSTITUTE INC2300 N ST NW
    WASHINGTON,DC20037     		  PC TO PROVIDE CONFERENCE SPONSORSHIP SUPPORT FOR THE 2020 ANNUAL ANDE MEMBER CONFERENCE. 5,000
    THE ASPEN INSTITUTE INC2300 N ST NW
    WASHINGTON,DC20037     		  PC FOR MEMBERSHIP DUES AND OPERATING SUPPORT. 12,000
    THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITYDEPARTMENT OF BIOENGINEERING 318
    CAMPUS DRIVE CLARK CENTER ROOM E-10
    STANFORD,CA943055428     		  PC TO SUPPORT IMPROVED SYSTEMS THAT WILL ENABLE GREATER ADOPTION OF HEALTH TECHNOLOGIES IN INDIA. 50,000
    THE CONVERSATION US INC89 SOUTH STREET SUITE 202
    BOSTON,MA02111     		  PC TO SUPPORT A PILOT PROJECT TO PRODUCE AND DISTRIBUTE ARTICLES THAT DEMONSTRATE THE RELEVANCE OF INVENTION IN THE CONTEXT OF TRENDS RELATED TO THE ECONOMY, EDUCATION AND SCIENCE-AND TECHNOLOGY-DRIVEN INNOVATION. 85,000
    THE EDISON INSTITUTE INC20900 OAKWOOD BLVD
    DEARBORN,MI48124     		  PC TO HELP SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH LINKED TO INVENTION AND ENTREPRENEURSHIP (STEMIE) PROGRAM BUILD A SUPPORTIVE ECOSYSTEM FOR INVENTION CONVENTION AFFILIATES GROWTH AND TO SUPPORT STEMIES ORGANIZATIONAL GROWTH IN DIVERSITY AND INCLUSION EFFORTS. 375,000
    THE REGENTS OF THE UNIVERSITY OF CALIFORNIA1111 FRANKLIN ST
    OAKLAND,CA94607     		  PC TO SUPPORT TRAINING NATIONAL MESA EDUCATORS ON HOW TO TEACH INVENTION EDUCATION TO MESA STUDENTS. 22,472
    THE UNIVERSITY OF CENTRAL FLORIDA BOARD OF TRUSTEES4000 CENTRAL FLORIDA BLVD
    ORLANDO,FL32816     		  PC THE UCF ERE PILOT PROGRAM IS A JOINT INITIATIVE OF THE UNIVERSITY OF CENTRAL FLORIDA (UCF) COLLEGE OF ENGINEERING AND COMPUTER SCIENCE (CECS) AND UCF SUSTAINABILITY INITIATIVES. UCF IS A PUBLIC MULTI-CAMPUS, METROPOLITAN RESEARCH UNIVERSITY WITH MORE THAN 69,000 STUDENTS AND IS A DESIGNATED HISPANIC-SERVING INSTITUTION. UCF ERE PILOT PROGRAM CONSISTS OF 3 ELEMENTS 1) CURRICULUM/PROGRAM INTEGRATION WILL FOCUS ON MAKING SURE THE ERE FRAMEWORK IS INTEGRATED INTO EXISTING COURSES, 2) UCF ERE COMMUNITY OF PRACTICE TO FACILITATE AND DISSEMINATE THE TEACHING, CONTENT AND LEARNING PRACTICES AND TO SUPPORT CAPACITY-BUILDING, AND 3) UCF ERE STUDENT CHAPTER A GRASSROOTS EFFORT TO ENGAGE STUDENTS IN ERE LEARNING AND DESIGN ACTIVITIES. 10,000
    TIE OREGON FOUNDATIONPO BOX 25627
    PORTLAND,OR972980627     		  PC TO CONTINUE PROVIDING FUNDING FOR INVENTION BASED CURRICULUM AND IN-SCHOOL INSTRUCTION FOR TIE YOUNG ENTREPRENEURS. 128,496
    UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION INCPO BOX 97930
    PITTSBURGH,PA15227     		  PC TO DEVELOP PRACTICABLE IDEAS FOR UNIVERSITY CONTRIBUTIONS TO REGIONAL INVENTION ECOSYSTEMS. 40,000
    UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION INCPO BOX 97930
    PITTSBURGH,PA15227     		  PC TO PROVIDE CONFERENCE SUPPORT FOR THE VIRTUAL UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION ANNUAL SUMMIT ON SEPTEMBER 21-24, 2020. 7,500
    UNIVERSITY OF CENTRAL FLORIDA RESEARCH FOUNDATION12201 RESEARCH PARKWAY SUITE 501
    ORLANDO,FL328263246     		  PC TO SUPPORT THE ENVIRONMENTAL RESPONSIBLE ENGINEERING (ERE) PILOT PROGRAM, A JOINT INITIATIVE OF THE UNIVERSITY OF CENTRAL FLORIDA (UCF) COLLEGE OF ENGINEERING AND COMPUTER SCIENCE (CECS) AND UCF SUSTAINABILITY INITIATIVES, TO INTEGRATE THE ERE FRAMEWORK INTO EXISTING COURSES, DISSEMINATE THE TEACHING, CONTENT AND LEARNING PRACTICES, AND ENGAGE STUDENTS IN ERE LEARNING AND DESIGN ACTIVITIES. 25,000
    UNIVERSITY OF MARYLANDCOLLEGE PARK
    COLLEGE PARK,MD20742     		  PC TO INTEGRATE THE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) FRAMEWORK CONTENT INTO REQUIRED UNDERGRADUATE COURSES WITH A GOAL OF EMPOWERING STUDENTS TO ACT THROUGH PROJECT COURSES, INCREASE AWARENESS OF ERE ISSUES THROUGHOUT OTHER COURSES, AND WEAVING TOGETHER A COHERENT ERE MESSAGE THROUGHOUT THE CURRICULUM. 10,000
    VERTUELAB412 SW 12TH AVENUE SECOND FLOOR
    PORTLAND,OR972052329     		  PC TO SUPPORT THE VIRTUAL FUEL 2020 CONFERENCE SEPTEMBER 9-25, 2020. 2,500
    VILLANOVA UNIVERSITY800 LANCASTER AVENUE
    VILLANOVA,PA190851699     		  PC TO PLAN TO INCORPORATE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) INTO THEIR CLASSES AND ASSESS THE EFFECTIVENESS OF THEIR METHOD(S). 10,000
    VILLGRO INNOVATIONS FOUNDATIONIII FLOOR IITM RESEARCH PARK
    KANAGAM ROAD TARAMANI
    CHENNAI   600 113
    IN     		  PC - EQUIVALENCY DET TO SUPPORT THE INCUBATION AND LAUNCH OF HIGH-IMPACT, HIGHLY SCALABLE, INVENTION-BASED ENTERPRISES IN INDIA THAT IMPROVE LIVES OF THE POOR IN INDIA AS WELL AS STRENGTHEN THE OPERATIONS AND SUSTAINABILITY OF THE VILLGRO MODEL. 532,951
    WILLIAM MARSH RICE UNIVERSITY6100 MAIN STREET MS 390 OSHMAN
    ENGINEERING DESIGN KITCHEN 107
    HOUSTON,TX77005     		  PC TO EXPAND A HIGHQUALITY INVENTION EDUCATION PROGRAM WITHIN MALAWI AND TANZANIA, AND TO DEVELOP AND DISSEMINATE GUIDELINES TO ENABLE OTHER INSTITUTIONS IN AFRICA TO LEARN FROM AND ADAPT BEST PRACTICES. 460,000
    Total ...............................bullet 3a 14,889,797
    bApproved for future payment
    ARIZONA BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UNIVERSITYUNIVERSITY DRIVE AND MILL AVENUE
    TEMPE,AZ85287     		  PC TO CONTINUE SUPPORT OF THE AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE (AAAS)-LEMELSON INVENTION AMBASSADORS PROGRAM. 20,000
    BEYOND BENIGN INCORPORATED18 CHURCH STREET PO BOX 1016
    WILMINGTON,MA01887     		  PC TO SUPPORT ACTIVITIES THAT INCREASE AWARENESS OF INVENTION TO THE CHEMISTRY COMMUNITY AND INCREASE THE STEM FIELD SUBJECT DIVERSITY OF THE INVENTION EDUCATION COMMUNITY. 129,428
    NATIONAL COLLEGIATE INVENTORS AND INNOVATORS ALLIANCE100 VENTURE WAY
    HADLEY,MA01035     		  PC TO SUPPORT PROMISING, EARLY-STAGE STUDENT INVENTORS IN THE VENTURE DEVELOPMENT PROCESS, AND TO SUPPORT FACULTY TO CULTIVATE THE CONDITIONS THAT NURTURE STUDENT INVENTORS. 9,155,572
    OREGON STATE UNIVERSITY1500 SW JEFFERSON AVE
    CORVALLIS,OR97331     		  PC TO INTEGRATE THE ENVIRONMENTAL RESPONSIBLE ENGINEERING (ERE) FRAMEWORK AND ENVIRONMENT FOR ONE PLANET (EOP) TOPICS INTO STUDENTS ACADEMIC AND SOCIAL SYSTEMS BY LEVERAGING A NEW, COLLEGE-WIDE FIRST-YEAR ENGINEERING EXPERIENCE, REVISING EXISTING UPPER-DIVISION CLASSES, AND CREATING A NEW CO-CURRICULAR PATHWAY. 20,000
    PORTLAND STATE UNIVERSITY FOUNDATIONBOX 243
    PORTLAND,OR97207     		  PC TO SUPPORT A STATEWIDE COLLEGIATE INVENTION COMPETITION IN OREGON. 833,000
    SELCO FOUNDATION690 FIRST FLOOR 100FT RING ROAD
    15TH CROSS 2ND PHASE JP NAGAR
    BANGALORE,KARNATAKA560078
    IN     		  PC - EQUIVALENCY DET TO SUPPORT RESEARCH AND NARRATIVE BUILDING RELATED TO BEST PRACTICES AND POLICIES FOR CLIMATE CHANGE MITIGATION AND ADAPTATION. 5,889
    THE ASME FOUNDATION INCTWO PARK AVENUE
    NEW YORK,NY100165990     		  SO-I TO PROVIDE CONTINUED SUPPORT OF ASME ISHOW IN INDIA, KENYA, AND IN THE UNITED STATES. 240,000
    THE ASPEN INSTITUTE INC2300 N ST NW
    WASHINGTON,DC20037     		  PC TO SUPPORT THE ASPEN NETWORK OF DEVELOPMENT ENTREPRENEURS LAUNCH OF A NEW ENVIRONMENT ACTION PRACTICE. 250,000
    THE CONVERSATION US INC89 SOUTH STREET SUITE 202
    BOSTON,MA02111     		  PC TO SUPPORT A PILOT PROJECT TO PRODUCE AND DISTRIBUTE ARTICLES THAT DEMONSTRATE THE RELEVANCE OF INVENTION IN THE CONTEXT OF TRENDS RELATED TO THE ECONOMY, EDUCATION AND SCIENCE-AND TECHNOLOGY-DRIVEN INNOVATION. 10,000
    THE UNIVERSITY OF CENTRAL FLORIDA BOARD OF TRUSTEES4000 CENTRAL FLORIDA BLVD
    ORLANDO,FL32816     		  PC THE UCF ERE PILOT PROGRAM IS A JOINT INITIATIVE OF THE UNIVERSITY OF CENTRAL FLORIDA (UCF) COLLEGE OF ENGINEERING AND COMPUTER SCIENCE (CECS) AND UCF SUSTAINABILITY INITIATIVES. UCF IS A PUBLIC MULTI-CAMPUS, METROPOLITAN RESEARCH UNIVERSITY WITH MORE THAN 69,000 STUDENTS AND IS A DESIGNATED HISPANIC-SERVING INSTITUTION. UCF ERE PILOT PROGRAM CONSISTS OF 3 ELEMENTS 1) CURRICULUM/PROGRAM INTEGRATION WILL FOCUS ON MAKING SURE THE ERE FRAMEWORK IS INTEGRATED INTO EXISTING COURSES, 2) UCF ERE COMMUNITY OF PRACTICE TO FACILITATE AND DISSEMINATE THE TEACHING, CONTENT AND LEARNING PRACTICES AND TO SUPPORT CAPACITY-BUILDING, AND 3) UCF ERE STUDENT CHAPTER A GRASSROOTS EFFORT TO ENGAGE STUDENTS IN ERE LEARNING AND DESIGN ACTIVITIES. 20,000
    UNIVERSITY OF MARYLANDCOLLEGE PARK
    COLLEGE PARK,MD20742     		  PC TO INTEGRATE THE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) FRAMEWORK CONTENT INTO REQUIRED UNDERGRADUATE COURSES WITH A GOAL OF EMPOWERING STUDENTS TO ACT THROUGH PROJECT COURSES, INCREASE AWARENESS OF ERE ISSUES THROUGHOUT OTHER COURSES, AND WEAVING TOGETHER A COHERENT ERE MESSAGE THROUGHOUT THE CURRICULUM. 20,000
    VILLANOVA UNIVERSITY800 LANCASTER AVENUE
    VILLANOVA,PA190851699     		  PC TO PLAN TO INCORPORATE ENVIRONMENTALLY RESPONSIBLE ENGINEERING (ERE) INTO THEIR CLASSES AND ASSESS THE EFFECTIVENESS OF THEIR METHOD(S). 19,728
    Total ................................bullet 3b 10,723,617

    TY 2020 AccountingFeesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX AND ACCOUNTING FEES 127,069 32,367   85,772

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    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
    ANKUR INVESTMENTS LTD
          		UNIT 5 JETHA COMPOUND BYCULLA E
    MUMBAI   400027
    IN     		2016-07-27 1,000,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN ANKUR INVESTMENTS LTD. (THE ANKUR FUND), OF WHICH ANKUR FINCON MANAGEMENT PVT., LTD., IS THE INVESTMENT MANAGER, IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE ANKUR FUND. THE FOUNDATIONS INVESTMENT IN THE FUND WILL BE USED TO ENABLE THE ANKUR FUND TO INVEST IN INNOVATIVE ENTERPRISES, INCLUDING INVENTION-BASED ENTERPRISES THAT PRODUCE TANGIBLE PRODUCTS, IN THE SEED STAGE THAT CAN EMPOWER THE POOR IN INDIA. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN THE ANKUR FUND. 1,000,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 6/17, 2/19, 7/19, 7/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER: AS OF 12/31/2020, THE FOUNDATION HAS RECEIVED DISTRIBUTIONS FROM THE ANKUR FUND IN THE AGGREGATE AMOUNT OF $22,747, LEAVING A REMAINING BALANCE OF $977,253.
    BIOSENSE TECHNOLOGIES PRIVATE LIMITED
          		LOKPURAM 304 JALTARANG THANE WEST
    MAHARASHTRA   400610
    IN     		2017-03-14 326,286 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN BIOSENSE TECHNOLOGIES PRIVATE LIMITED (BIOSENSE), IN THE FORM OF A TYPE OF LOAN KNOWN AS A MASALA BOND, IN ORDER TO PROVIDE SUPPORT TO PILOT PICOLABS, LABS MADE MOBILE, AN ALTERNATIVE WAY OF DIAGNOSTIC PROCEDURES AT THE POINT OF CARE-IN PHYSICIAN'S OFFICES, PRIMARY HEALTH CENTERS, AND INTENSIVE CARE UNITS-FOR THE LARGELY UNDERSERVED POOR POPULATIONS IN INDIA. AS OF 12/31/2020, THE BONDS WERE NO LONGER OUTSTANDING. 326,286 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/19, 6/19, 11/19, 9/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    ECO
          		PERSISTENT ENERGY PARTNERS LLC C/O
    WEIL GOTSHAL
    NEW YORK,NY10153     		2007-11-19 400,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT LOAN TO E+CO IN 2006 TO SUPPORT THE DEVELOPMENT OF SMALL/MEDIUM SIZED ENTERPRISES IN ORDER TO DISSEMINATE SOLAR ENERGY SYSTEMS TO RURAL POOR PEOPLE IN TANZANIA. IN 2012, E+CO WAS RESTRUCTURED (DESCRIBED MORE FULLY ON THE FOUNDATION'S 2012 FORM 990-PF), THE RESULTS OF WHICH INCLUDED: CREDITORS RECEIVED A PROJECTED $4 MILLION UPON RESTRUCTURING OR APPROXIMATELY $0.16 ON THE DOLLAR. THE FOUNDATION RECEIVED $88,800.01 FROM THE INITIAL DISBURSEMENT; E+CO CONTRIBUTED ITS PRIMARY INVESTMENT ASSETS TO ENTITIES (THE "LLCS"): PERSISTENT ENERGY PARTNERS FUND, LLC ("PERSISTENT ENERGY"), NON-CORE LIQUIDATION, LLC ("NON-CORE"), AND OUTSOURCED ASSETS, LLC ("OUTSOURCED"). THE FOUNDATION EXCHANGED ITS E+CO DEBT FOR AVAILABLE CASH AND 1.586% OWNERSHIP OF EACH OF THE LLCS. 400,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 12/12, 12/13, 12/14, 12/15, 12/16, 12/17, 12/18, 12/19   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER: THE FOUNDATION ALSO HOLDS NO FURTHER OWNERSHIP INTEREST IN (A) NON-CORE, WHICH WAS LIQUIDATED IN 2017, AND (B) PERSISTENT ENERGIES, WHICH WAS LIQUIDATED IN 2018. OUTSOURCED BEGAN LIQUIDATING IN 2019, BUT IT DID NOT MAKE ANY CASH DISTRIBUTIONS TO THE FOUNDATION IN 2019 OR 2020; THE FOUNDATION EXPECTS TO RECEIVE ITS FINAL DISTRIBUTION FROM OUTSOURCED IN 2021.
    GEARBOX FOUNDATIONGEARBOX LIMITED
          		2323 BROADWAY
    OAKLAND,CA97612     		2018-10-02 99,921 TO SUPPORT A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. 99,921 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/19, 4/19, 2/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA CLIMATE INNOVATION CENTER
          		PO BOX 49162-00100 STRATHMORE
    BUSINESS SCHOOL OLE SANGALE ROAD MA
    NAIROBI    
    KE     		2019-08-12 918,992 TO SUPPORT THE OPERATIONS OF A PROTOTYPING AND MANUFACTURING SPACE AND TRAINING ENGINEERS AND FABRICATORS TO ADDRESS A TALENT GAP IN KENYA. 878,427 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 8/20, 10/20, 3/21, 7/21   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2017-06-20 191,736 TO SUPPORT BUSINESS INCUBATION ACTIVITIES, FOCUSED ON BUILDING A PIPELINE OF SCALABLE INVENTION-BASED ENTERPRISES THAT ADDRESS UNMET HEALTH NEEDS FOR LOW RESOURCE POPULATIONS IN KENYA AND THROUGHOUT EAST AFRICA. 191,736 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 1/18, 5/18, 6/18, 7/18, 1/19, 2/19, 4/19, 9/19, 10/19, 6/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2018-06-20 214,164 TO SUPPORT BUSINESS INCUBATION ACTIVITIES, FOCUSED ON BUILDING A PIPELINE OF SCALABLE INVENTION-BASED ENTERPRISES THAT ADDRESS UNMET HEALTH NEEDS FOR LOW RESOURCE POPULATIONS IN KENYA AND THROUGHOUT EAST AFRICA. 214,164 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/18, 1/19, 2/19, 4/19, 9/19, 10/19, 6/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2019-06-07 94,100 TO SUPPORT BUSINESS INCUBATION ACTIVITIES, FOCUSED ON BUILDING A PIPELINE OF SCALABLE INVENTION-BASED ENTERPRISES THAT ADDRESS UNMET HEALTH NEEDS FOR LOW RESOURCE POPULATIONS IN KENYA AND THROUGHOUT EAST AFRICA. 94,100 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 9/19, 10/19, 6/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2019-10-16 725,018 TO SUPPORT KENYA IMPACT INNOVATIONS FOUNDATION'S BUSINESS INCUBATION ACTIVITIES AND TO BUILD A STRONGER PIPELINE OF INVENTION-BASED ENTERPRISES IN EAST AFRICA THAT WILL MEET THE HEALTH NEEDS FOR LOW RESOURCE POPULATIONS. 353,604 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/20, 11/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    KENYA IMPACT INNOVATIONS FOUNDATION
          		5TH FLOOR STRATHMORE STUDENT CENTRE
    KERI ROAD
    NAIROBI   30410-00100
    KE     		2020-04-10 300,000 TO SUPPORT LOCAL INNOVATIONS IN RESPONSE TO THE COVID-19 PANDEMIC IN EAST AFRICA. 133,500 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 8/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    MENTERRA SOCIAL IMPACT FUND 1
          		638 7TH CROSS 11TH MAIN HAL STAGE
    II INDIRA NAGAR
    BANGALORE   560038
    IN     		2017-10-02 1,660,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN MENTERRA SOCIAL IMPACT FUND 1, AN INDIAN ALTERNATIVE INVESTMENT FUND - SOCIAL VENTURE FUND (THE MENTERRA FUND), IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE MENTERRA FUND. THE FOUNDATION'S INVESTMENT IN THE FUND WILL BE USED FOR INVESTMENT IN EARLY-STAGE, INVENTION-LED ENTERPRISES WITH A FOCUS ON SOCIAL IMPACT IN INDIA, THROUGH PRODUCT INNOVATION, TARGETING THE EDUCATION, HEALTHCARE, ENERGY, AND AGRICULTURE SECTORS. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN THE MENTERRA FUND. 1,660,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 12/17,2/18,5/18,7/18, 8/18, 11/19, 2/20, 8/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER: AS OF 12/31/2020, THE FOUNDATION HAS RECEIVED DISTRIBUTIONS FROM THE MENTERRA SOCIAL IMPACT FUND 1 IN THE AGGREGATE AMOUNT OF $321,268.87, LEAVING A REMAINING BALANCE OF $1,338,731.13.
    NANTSOUND INC (FOMERLY CONVERSION SOUND LLC)
          		7641 TERRACE DRIVE
    EL CERRITO,CA94530     		2009-07-01 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN CONVERSION SOUND, LLC (THE "LLC"), BY PURCHASING LIMITED LIABILITY COMPANY UNITS OF THE LLC IN ORDER TO PROVIDE THE LLC WITH WORKING CAPITAL TO FUND HARDWARE AND SOFTWARE ENGINEERING NECESSARY TO BUILD A PRODUCTION-READY PROTOTYPE OF A LOW-COST HEARING AID. IN 2010, THE LLC CONVERTED FROM A LIMITED LIABILITY COMPANY TO A C CORPORATION, AND IS NOW KNOWN AS NANTSOUND INC. (THE CORPORATION). IN EXCHANGE FOR ITS LIMITED LIABILITY COMPANY UNITS IN THE LLC, THE FOUNDATION RECEIVED SHARES OF THE CORPORATION AT THE TIME OF THE CONVERSION. THE FOUNDATION CONTINUES TO OWN THE SHARES OF THE CORPORATION. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/10,3/11,4/11,9/12,4/13,3/14,4/15,5/16,9/16,2/17,2/18,2/19,6/19,2/20,2/21   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2012-11-05 120,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO., LTD. (NORLHA) BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED (NORBU) FOR THE PURPOSES OF OPERATING A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU TO DISTRIBUTE YAK WOOL PRODUCTS IN CHINA. IN 2019, THE FOUNDATION APPROVED OF FORGIVING THIS LOAN TO NORBU, SUBJECT TO AND EFFECTIVE UPON THE FOUNDATION'S RECEIPT OF CERTAIN REPORTS FROM NORBU IN 2020. THE REPORTS CONFIRMED THE FULL AMOUNT OF THE LOAN HAD BEEN USED FOR THE LOAN PURPOSE; ACCORDINGLY, THE PROMISSORY NOTE IS NO LONGER OUTSTANDING. 120,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/13,1/14,3/14,1/15,3/15,4/15,7/15,3/16,3/17,3/18,3/19,7/19,7/20,12/20*FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2012-05-31 182,257 THE FOUNDATION AGREED TO TRANSFER A 5/24/2012 RECOVERABLE GRANT TOTALING $50,000 MADE TO SAMBOTHA, INC., TO GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO, LTD. (NORLHA), AND ITS PARENT, NORBU LIMITED (NORBU), INCLUDING ACCRUED INTEREST TOTALING $2,257, AS A LOAN TO NORBU AND NORLHA, AND TO ADD AN ADDITIONAL $50,000 TO SUCH LOAN AT THAT TIME. THE PURPOSE OF THE LOAN IS TO OPERATE A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU AND TO DISTRIBUTE YAK WOOL PRODUCTS IN CHINA. IN 2019, THE FOUNDATION APPROVED OF FORGIVING THIS LOAN TO NORBU, SUBJECT TO AND EFFECTIVE UPON THE FOUNDATION'S RECEIPT OF CERTAIN REPORTS FROM NORBU IN 2020. THE REPORTS CONFIRMED THE FULL AMOUNT OF THE LOAN HAD BEEN USED FOR THE LOAN PURPOSE; ACCORDINGLY, THE PROMISSORY NOTE IS NO LONGER OUTSTANDING. 182,257 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/13,1/14,3/14,1/15,3/15,4/15,7/15,3/16,3/17,3/18,3/19,7/19,7/20,12/20*FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2013-07-29 300,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO., LTD. (NORLHA) BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED (NORBU), FOR THE PURPOSES OF (I) MAKING CAPITAL EXPENDITURES NECESSARY FOR NORLHA TO OPERATE A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, INCLUDING EMPLOYING AND TRAINING LOCAL PEOPLE IN NORTHWEST CHINA (THE WORKSHOP), AND (II) CONTRIBUTING AS REGISTERED CAPITAL TO NORLHA FOR NORLHA TO MAKE CAPITAL EXPENDITURES NECESSARY TO OPERATE THE WORKSHOP, THEREBY STIMULATING THE ECONOMY OF THE TIBETAN PLATEAU. IN 2019, THE FOUNDATION APPROVED OF FORGIVING THIS LOAN TO NORBU, SUBJECT TO AND EFFECTIVE UPON THE FOUNDATION'S RECEIPT OF CERTAIN REPORTS FROM NORBU IN 2020. THE REPORTS CONFIRMED THE FULL AMOUNT OF THE LOAN HAD BEEN USED FOR THE LOAN PURPOSE; ACCORDINGLY, THE PROMISSORY NOTE IS NO LONGER OUTSTANDING. 300,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/14,1/15,3/15,4/15,7/15,3/16,3/17,3/18,3/19,7/19,7/20,12/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2014-10-15 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO, LTD (NORLHA), BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED (NORBU), TO PROVIDE CASH FLOW REQUIRED FOR THE ONGOING OPERATION OF A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, PROVIDING EMPLOYMENT AND TRAINING OF LOCAL PEOPLE OF NORTHWEST CHINA, THEREBY STIMULATING THE LOCAL ECONOMY. IN 2019, THE FOUNDATION APPROVED OF FORGIVING THIS LOAN TO NORBU, SUBJECT TO AND EFFECTIVE UPON THE FOUNDATION'S RECEIPT OF CERTAIN REPORTS FROM NORBU IN 2020. THE REPORTS CONFIRMED THE FULL AMOUNT OF THE LOAN HAD BEEN USED FOR THE LOAN PURPOSE; ACCORDINGLY, THE PROMISSORY NOTE IS NO LONGER OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15,4/15,7/15,3/16,3/17,3/18,3/19,7/19,7/20,12/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2015-09-23 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO, LTD. (NORLHA), BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED (NORBU) TO PROVIDE CASH FLOW REQUIRED FOR THE ONGOING OPERATION OF A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, PROVIDING EMPLOYMENT AND TRAINING OF LOCAL PEOPLE OF NORTHWEST CHINA, THEREBY STIMULATING THE LOCAL ECONOMY. IN 2019, THE FOUNDATION APPROVED OF FORGIVING THIS LOAN TO NORBU, SUBJECT TO AND EFFECTIVE UPON THE FOUNDATION'S RECEIPT OF CERTAIN REPORTS FROM NORBU IN 2020. THE REPORTS CONFIRMED THE FULL AMOUNT OF THE LOAN HAD BEEN USED FOR THE LOAN PURPOSE; ACCORDINGLY, THE PROMISSORY NOTE IS NO LONGER OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15,4/15,7/15,3/16,3/17,3/18,3/19,7/19,7/20,12/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    NORBU LIMITEDNORLHA
          		ROOM 904-908 9/F KAI TAK COMMERCIAL
    BLDG 317-19 DES VOEUX ROAD CENTRAL
    HONG KONG    
    CH     		2015-05-06 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN GANSU NOLE AGRICULTURE AND ANIMAL HUSBANDRY DEVELOPMENT CO, LTD. (NORLHA), BY MAKING A LOAN TO ITS PARENT COMPANY NORBU LIMITED (NORBU) TO PROVIDE CASH FLOW REQUIRED FOR THE ONGOING OPERATION OF A YAK WOOL PRODUCTION WORKSHOP IN AN IMPOVERISHED AREA OF THE TIBETAN PLATEAU, PROVIDING EMPLOYMENT AND TRAINING OF LOCAL PEOPLE OF NORTHWEST CHINA, THEREBY STIMULATING THE LOCAL ECONOMY. IN 2019, THE FOUNDATION APPROVED OF FORGIVING THIS LOAN TO NORBU, SUBJECT TO AND EFFECTIVE UPON THE FOUNDATION'S RECEIPT OF CERTAIN REPORTS FROM NORBU IN 2020. THE REPORTS CONFIRMED THE FULL AMOUNT OF THE LOAN HAD BEEN USED FOR THE LOAN PURPOSE; ACCORDINGLY, THE PROMISSORY NOTE IS NO LONGER OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15,4/15,7/15,3/16,3/17,3/18,3/19,7/19,7/20,12/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    PRIME IMPACT LOAN FUND I LLC
          		C/O MIT INNOVATION INITIATIVE ONE
    BROADWAY 12TH FLOOR
    CAMBRIDGE,MA02142     		2019-12-24 2,000,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN THE FORM OF A LOAN TO PRIME IMPACT LOAN FUND I, LLC (PRIME LOAN FUND), A WHOLLY OWNED SUBSIDIARY OF PRIME COALITION INC., WHICH IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE LOAN IS TO INCREASE INVESTMENTS IN COMPANIES THAT HAVE SIGNIFICANT POTENTIAL TO INFLUENCE THE REDUCTION OF GREENHOUSE GAS EMISSIONS AT THE GIGATON-SCALE BY 2050 AND THAT WOULD BE UNLIKELY TO RAISE SUFFICIENT CAPITAL BUT FOR PRIME LOAN FUNDS AND ITS AFFILIATES INTERVENTION. THE PROMISSORY NOTE FROM PRIME LOAN FUND TO THE FOUNDATION REMAINS OUTSTANDING. 2,000,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 8/20, 2/21, 4/21   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    PROMETHEAN POWER SYSTEMS INC
          		28 DANE STREET
    BOSTON,MA02143     		2015-03-25 100,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT LOAN TO PROMETHEAN POWER SYSTEMS, INC., FOR CASH FLOW SUPPORT FOR EFFORTS TO REACH SMALL DAIRIES AND DAIRY FARMERS IN ORDER TO COMMISSION NEW MILK CHILLERS IN RURAL INDIA, MAINTAIN MILK CHILLERS IN THE FIELD, AND THE ASSOCIATED EXPENSES OF ENSURING FARMERS ARE TRAINED WHICH WILL IMPROVE THE LIVELIHOODS FOR DAIRY FARMERS WITH LIMITED INCOMES, CREATE "WEALTH," IMPROVE ANIMAL HUSBANDRY PRACTICES, AND REDUCE THE INCIDENCE OF MILK-BORNE DISEASE TRANSMITTED BY SPOILED MILK. THE PROMISSORY NOTE FROM PROMETHEAN POWER SYSTEMS, INC., TO THE FOUNDATION REMAINS OUTSTANDING. 100,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 4/16, 5/17, 4/19, 11/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    SELCO SOLAR LIGHT PVT LTD
          		742 15TH CROSS 6TH PHASE JP NAGAR
    BANGALORE   560 078
    IN     		2008-12-23 350,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN SELCO SOLAR LIGHT PVT. LTD ("SELCO") BY PURCHASING EQUITY SHARES OF SELCO, THE PROCEEDS OF WHICH ARE TO BE USED BY SELCO TO PROVIDE RELIABLE ENERGY SERVICES TO 200,000 HOUSEHOLDS IN A SUSTAINABLE WAY AND HELPS CREATE MODELS FOR POVERTY ALLEVIATION THROUGH COMMERCIAL CHANNELS. THE FULL AMOUNT OF THE PROCEEDS FROM THE FOUNDATION'S INVESTMENT IS BEING USED FOR THE PURPOSES OF THE FOUNDATION'S INVESTMENT. THE FOUNDATION CONTINUES TO OWN THE EQUITY SHARES OF SELCO. 350,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/09, 7/10, 7/11, 8/11, 7/12, 8/13, 8/14, 8/15, 9/16, 8/17, 8/18, 8/19,11/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    SELCO SOLAR LIGHT PVT LTD
          		742 15TH CROSS 6TH PHASE JP NAGAR
    BANGALORE   560 078
    IN     		2009-06-16 250,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN SELCO SOLAR LIGHT PVT. LTD. ("SELCO") INITIALLY BY PROVIDING A LOAN TO SELCO (THE "LOAN") FOR SELCO TO USE TO FUND A PROJECT TO REACH 200,000 HOUSEHOLDS WITH SOLUTIONS FOR THEIR ENERGY REQUIREMENTS, THEREBY IMPROVING THEIR STANDARD OF LIVING. ON 6/17/2011, THE LOAN WAS SATISFIED IN FULL WITH THE ISSUANCE OF ADDITIONAL EQUITY SHARES IN SELCO TO THE FOUNDATION (HELD BY THE FOUNDATION AS A PROGRAM-RELATED INVESTMENT), THE PROCEEDS OF WHICH ARE TO BE USED BY SELCO FOR THE SAME PURPOSES AS THE LOAN. THE FOUNDATION CONTINUES TO OWN THE EQUITY SHARES OF SELCO. 250,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 7/10, 5/11, 8/11, 7/12, 7/13, 8/13, 8/14, 8/15, 9/16, 8/17, 8/18, 8/19,11/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TEAMFUND LP
          		440 PARK AVE S 3
    NEW YORK,NY10016     		2018-10-10 766,667 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN TEAMFUND, LP (TEAMFUND), A WHOLLY-OWNED SUBSIDIARY OF THE NON-PROFIT TEAMFUND, INC., IN THE FORM OF PURCHASING AN EQUITY INTEREST IN TEAMFUND. THE FOUNDATIONS INVESTMENT IN TEAMFUND WILL BE USED TO IMPROVE THE LIVES OF LOW-RESOURCE, UNDERSERVED POPULATIONS IN DEVELOPING COUNTRIES BY INCREASING ACCESS TO AFFORDABLE, APPROPRIATE, AND SUSTAINABLE MEDICAL TECHNOLOGIES THAT EFFECTIVELY ADDRESS PRIORITY UNMET CLINICAL NEEDS. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN TEAMFUND. 766,667 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 4/19, 4/19, 5/20, 11/20, 4/21   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TIE OREGON
          		PO BOX 91042
    PORTLAND,OR97291     		2017-10-31 174,760 TO PROVIDE THE TIE YOUNG ENTREPRENEURS PROGRAM TO HIGH SCHOOL STUDENTS FROM UNDER- RESOURCED BACKGROUNDS IN OREGON AND TRAINING FOR EDUCATORS IN OREGON AND AT TIE CHAPTERS GLOBALLY. 174,760 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/18, 7/18, 2/19, 7/19, 2/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    TIE OREGON
          		PO BOX 91042
    PORTLAND,OR97291     		2018-08-09 174,760 TO PROVIDE THE TIE YOUNG ENTREPRENEURS PROGRAM TO HIGH SCHOOL STUDENTS FROM UNDER- RESOURCED BACKGROUNDS IN OREGON AND TRAINING FOR EDUCATORS IN OREGON AND AT TIE CHAPTERS GLOBALLY. 174,760 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 2/19, 7/19, 2/20 *FINAL   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
    UNITUS SEED FUND LP
          		220 2ND AVENUE SUITE 201
    SEATTLE,WA98104     		2014-10-23 940,000 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN UNITUS SEED FUND, LP, A CAYMAN ISLANDS EXEMPTED LIMITED PARTNERSHIP (THE FUND), IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE FUND. THE FOUNDATIONS INVESTMENT IN THE FUND WILL BE USED FOR INVESTMENT IN BUSINESSES THAT SERVE LARGE, UNDERSERVED, BASE-OF-THE-ECONOMIC-PYRAMID POPULATIONS, TO DELIVER BENEFITS SUCH AS IMPROVED INCOME LEVELS, IMPROVED EDUCATION OUTCOMES, AND IMPROVED ACCESS TO AFFORDABLE, QUALITY PRODUCTS AND SERVICES. THE FOUNDATION CONTINUES TO OWN ITS LIMITED PARTNERSHIP INTERESTS IN THE FUND. 940,000 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 3/15,8/15,5/16,3/17,3/18,6/18,5/19,4/20,8/20,7/21   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER: AS OF 12/31/2020, THE FOUNDATION HAS RECEIVED DISTRIBUTIONS FROM THE FUND IN THE AGGREGATE AMOUNT OF $152,533, LEAVING A REMAINING BALANCE OF $819,807
    VENTUREAST FUND ADVISORS (INDIA) PRIVATE LIMITEDVENTUREAST TENET II FUND
          		5B RAMACHANDRA AVE SEETHAMMAL
    COLONY FIRST MAIN ROAD
    CHENNAI   600 018
    IN     		2012-06-26 886,446 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN THE VENTUREAST TENET II FUND (THE TENET II FUND), AN INDIAN VENTURE CAPITAL FUND FOCUSED ON DEVELOPING TECHNOLOGY COMPANIES TO ADDRESS THE NEEDS OF PEOPLE IN RURAL INDIA, IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE TENET II FUND. THE FOUNDATION'S INVESTMENT WILL SPECIFICALLY DRIVE INVESTMENTS IN COMPANIES BENEFITING PEOPLE LIVING IN POVERTY. THE FULL AMOUNT OF THE PROCEEDS FROM THE FOUNDATION'S INVESTMENT IS BEING USED FOR THE PURPOSES OF THE FOUNDATION'S INVESTMENT. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTEREST IN THE TENET II FUND. 886,446 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 6/13, 8/14, 8/15, 9/16, 8/17, 8/18,2/21   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER: AS OF 12/31/2020, THE FOUNDATION HAS RECEIVED DISTRIBUTIONS FROM THE TENET II FUND IN THE AGGREGATE AMOUNT OF $445,245, LEAVING A REMAINING BALANCE OF $441,201.
    VILCAP INVESTMENTS LLC
          		212 SUTTER STREET 2ND FLOOR
    SAN FRANCISCO,CA94108     		2016-07-06 887,004 THE FOUNDATION MADE A PROGRAM-RELATED INVESTMENT IN VILCAP INVESTMENTS, LLC (THE VILCAP FUND), IN THE FORM OF PURCHASING AN EQUITY INTEREST IN THE VILCAP FUND. THE FOUNDATION'S INVESTMENT IN THE VILCAP FUND WILL BE USED TO ENABLE THE VILCAP FUND TO INVEST IN INVENTION-BASED ENTERPRISES WITH A FOCUS ON SOLVING THE WORLD'S MOST PRESSING PROBLEMS IN AGRICULTURE, EDUCATION, ENERGY, FINANCIAL SERVICES. THE FOUNDATION CONTINUES TO OWN ITS EQUITY INTERESTS IN THE VILCAP FUND. 887,004 TO THE BEST OF OUR KNOWLEDGE, NO PORTION OF THE GRANT FUNDS WERE DIVERTED. 5/17, 4/19, 5/19, 3/20, 8/20   THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. OTHER: AS OF 12/31/2020, THE FOUNDATION HAS RECEIVED DISTRIBUTIONS FROM THE VILCAP FUND IN THE AGGREGATE AMOUNT OF $367,848.95, LEAVING A REMAINING BALANCE OF $519,155.59

    TY 2020 GeneralExplanationAttachment
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Identifier Return Reference Explanation
      FORM 990-PF, PART VIII, LINE 1 ADDENDUM TO STATEMENT 15NAME TITLE======================== ========================================= ERIC LEMELSON VICE PRESIDENT (THRU 05/20), TREASURER, ASSISTANT SECRETARY, DIRECTOR, CHAIR OF THE BOARD (AS OF 05/20), AND PRESIDENT (AS OF 05/20)ROBERT LEMELSON SECRETARY, ASSISTANT TREASURER, CHAIR OF THE BOARD (THRU 05/20), PRESIDENT (THRU 05/20), DIRECTOR, AND VICE PRESIDENT (AS OF 05/20)CAROL DAHL EXECUTIVE DIRECTOR AND ASSISTANT SECRETARY BRIAN DORAN CHIEF FINANCIAL AND ADMIN OFFICER AND ASSISTANT TREASURER THE LEMELSON FOUNDATION PURCHASES DIRECTORS AND OFFICERS' LIABILITY INSURANCE THAT PROVIDES COVERAGE TO BOTH THE FOUNDATION AND ITS DIRECTORS AND OFFICERS. WHILE A PORTION OF THE PREMIUM MAY BE REGARDED AS COMPENSATION TO DIRECTORS AND OFFICERS, THE COMPENSATORY PORTION ALLOCABLE TO ANY ONE INDIVIDUAL IS DE MINIMIS.
    PAGE 6, PART VII-B, LINE 5(C) EXPENDITURE RESPONSIBILITY STATEMENTS IT IS THE FOUNDATION'S POLICY THAT NO FURTHER PAYMENTS WILL BE MADE TO ANY GRANTEE UNTIL ALL OUTSTANDING REPORTS ARE RECEIVED. THE FOUNDATION HAS DETERMINED THAT FOR THOSE GRANTEES NO LONGER IN EXISTENCE AND WHO HAVE NOT PROVIDED TIMELY REPORTS, FURTHER ACTIONS WITH RESPECT TO THE GRANTS WOULD BE FUTILE. IN OTHER CASES, THE FOUNDATION HAS MADE REASONABLE EFFORTS TO NOTIFY THE GRANTEES THAT THEY ARE IN VIOLATION OF THEIR GRANT AGREEMENTS AND THAT GRANT FUNDS ARE REQUIRED TO BE RETURNED TO THE FOUNDATION. IN THOSE CASES, THE FOUNDATION HAS ALSO MADE REASONABLE ADDITIONAL INQUIRIES WITH RESPECT TO THE RETURN OF THE GRANT FUNDS AND HAS BEEN UNABLE AS OF YET TO SECURE SUCH RETURN. THE FOUNDATION HAS DETERMINED THAT LEGAL ACTION WITH RESPECT TO THESE GRANT FUNDS WOULD IN ALL PROBABILITY NOT RESULT IN THE SATISFACTION OF EXECUTION ON A JUDGMENT, AND THAT THE EXPENSE OF LEGAL ACTION WOULD NOT BE JUSTIFIED BY THE LIKELY RESULTS. FOR EACH GRANTEE WITH DELINQUENT REPORTS, EXPENDITURE RESPONSIBILITY STATEMENTS ARE INCLUDED IN THE FOUNDATION'S FORM 990-PF FOR THE YEAR OF EACH INITIAL GRANT PAYMENT THROUGH THE LAST YEAR IN WHICH ANY REPORT IS RECEIVED, AND THREE SUBSEQUENT YEARS. THEREAFTER, SUCH GRANTEES ARE EXCLUDED FROM THE FORM 990-PF AND FURTHER PAYMENTS WILL NOT BE MADE TO SUCH GRANTEES. NO GRANTEES QUALIFIED FOR THE EXCLUSION IN 2020.DEFINITIONS OF TERMS USED IN THE EXPENDITURE RESPONSIBILITY STATEMENTS: "GRANT AMOUNT" = TOTAL PAYMENTS MADE ON THE GRANT TO THE GRANTEE THROUGH THE END OF THE REPORTING DATE ON THE FORM 990-PF. "DATE OF GRANT" = THE DATE OF THE INITIAL GRANT PAYMENT. "VERIFICATION DATE" = THE DATE OF ANY INDEPENDENT VERIFICATION OF A GRANT REPORT. THE FIELD IS BLANK IF NO INDEPENDENT VERIFICATION OF ANY REPORTS FROM THE GRANTEE WAS MADE AS A RESULT OF THE FOUNDATION HAVING NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. "DATES OF REPORTS BY GRANTEE" = THE DATES THE REPORTS ARE RECEIVED BY THE FOUNDATION. AN EXPENDITURE RESPONSIBILITY STATEMENT FOR A GRANT CONTINUES TO BE INCLUDED UNTIL ALL REPORTS HAVE BEEN APPROVED BY THE FOUNDATION, SUBJECT TO THE STATEMENT ABOVE AS TO GRANTEES WITH DELINQUENT REPORTS.
      FORM 990-PF, PART VII-A, LINE 11 SCHEDULE OF INFORMATION REGARDING TRANSFERS TO A CONTROLLED ENTITYNAME AND ADDRESS OF CONTROLLED ENTITY:LEMELSON MEDICAL, EDUCATION & RESEARCH FOUNDATION, L.P.7800 RANCHARRAH PARKWAYRENO, NV 89511EMPLOYER IDENTIFICATION NUMBER:88-0305280DESCRIPTION OF TRANSFER:DISTRIBUTIONS FROM PARTNERSHIPAMOUNT OF TRANSFER:934,078

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Name of Bond End of Year Book Value End of Year Fair Market Value
    LOOMIS SAYLES BOND FUND 7,672,316 7,672,316
    RBC BLUEBAY GLOBAL HIGH YIELD BOND 7,699,294 7,699,294
    SNW ASSET MGMT 28,365,968 28,365,968
    TIAA CREF SOCIAL BOND FUND 13,057,110 13,057,110

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APERIO MANAGED ACCOUNT 57,112,171 57,112,171
    CALVERT EMERGING MARKETS 20,409,535 20,409,535

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    4,852,900
    State & Local Government Securities - End of Year Fair Market Value:


    4,852,900


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCION FRONTIER FUND FMV 1,735,748 1,735,748
    ACM FUND II LLC FMV 2,658,170 2,658,170
    ADAGE CAPITAL FMV 20,543,273 20,543,273
    AKO GLOBAL FUND LIMITED FMV 18,853,031 18,853,031
    BRANDYWINE PVT EQUITY PTRS 2005 FMV 2,253,322 2,253,322
    BRANDYWINE PVT EQUITY PTRS 2006 FMV 809,246 809,246
    BRANDYWINE PVT EQUITY PTRS 2007 FMV 1,430,633 1,430,633
    BRANDYWINE PVT EQUITY PTRS 2008 FMV 1,802,517 1,802,517
    BRANDYWINE PVT EQUITY PTRS 2009 FMV 1,048,065 1,048,065
    BROOKSIDE CAPITAL PARTNERS FUND, LP FMV 905,816 905,816
    COMMONFUND CAP INT'L PTRS V FMV 414,135 414,135
    COMMONFUND CAP INT'L PTRS VI FMV 524,765 524,765
    ELEVAR FMV 1,712,756 1,712,756
    FARALLON CAPITAL INST PARTNERS, LP FMV 856,499 856,499
    FOREFRONT ANALYTICS FMV 24,224,304 24,224,304
    FUNDSMITH SUSTAINABLE EQUITY FMV 34,057,944 34,057,944
    GENERATION IM CLIMATE SOLUTIONS FMV 63,947 63,947
    GENERATION IM GLOBAL EQUITY FUND FMV 54,989,346 54,989,346
    GLOBAL IMPACT ACCESS PARTNERSHIP, LP FMV 2,862,421 2,862,421
    GREENSPRING FMV 5,744,826 5,744,826
    LEMELSON MEDICAL, EDUCATION & RESEARCH FOUNDATION, L.P. FMV 39,829 39,829
    LYME FOREST FUND IV FMV 3,894,011 3,894,011
    MORGAN STANLEY PMF INTEGRO FMV 4,614,488 4,614,488
    MULTI INSIGHT SOLUTION OFFSHORE FMV 1,131,364 1,131,364
    PORTFOLIO ADVISORS FMV 6,861,771 6,861,771
    ROCKPORT CAPITAL PARTNERS III FMV 345,156 345,156
    ROSE AFFORDABLE HOUSING PRESERVATION IV FMV 6,007,877 6,007,877
    SILCHESTER INT'L INVESTORS FMV 31,548,465 31,548,465
    SOSV ACCELERATOR VC FMV 6,204,401 6,204,401
    SOSV IV FMV 4,153,098 4,153,098
    VENTURE INVESTMENT ASSOC IV FMV 625,702 625,702
    VENTURE INVESTMENT ASSOC V FMV 1,407,061 1,407,061
    VENTURE INVESTMENT ASSOC VI FMV 3,522,144 3,522,144
    VIKING - HYBRID EQUITY FUND FMV 13,808,315 13,808,315
    WASTEWATER OPPORTUNITY FUND, LLC FMV 2,682,852 2,682,852

    TY 2020 LandEtcSchedule2
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EQUIPMENT 247,348 247,348 0  
    FURNITURE & FIXTURES 146,006 146,006 0  
    LEASEHOLD IMPROVEMENTS 891,026 213,646 677,380 677,380


    TY 2020 LegalFeesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 223,448 54,158   174,300


    TY 2020 OtherAssetsSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UNITUS SEED FUND, LP-PRI 830,355 819,807 819,807
    ANKUR INVESTMENTS LTD.-PRI 1,131,999 977,253 977,253
    VENTUREAST-TENET II FUND-PRI 285,348 441,200 441,200
    SELCO SOLAR LIGHT PVT. LTD-PRI 1,756,800 1,756,800 1,756,800
    MENTERRA SOCIAL IMPACT FUND 1-PRI 1,331,220 1,210,346 1,210,346
    VILCAP INVESTMENTS, LLC-PRI 580,607 519,156 519,156
    BIOSENSE MARSALA BONDS - PRI 326,286 0 0
    NANTSOUND INC.-PRI 100,000 100,000 100,000
    PROMETHEAN POWER SYSTEMS, INC.-PRI 100,000 100,000 100,000
    OUTSOURCED ASSETS, LLC-PRI 101,960 101,960 101,960
    TEAMFUND, LP-PRI 500,000 742,596 742,596
    PRIME COALITION-PRI 2,000,000 2,000,000 2,000,000


    TY 2020 OtherExpensesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES & EQUIPMENT 64,104 0   86,346
    INSURANCE 12,689 0   12,689
    NETWORK ADMINISTRATION & IT SUPPORT 113,909 0   113,909
    BANK & CUSTODY FEES 12,539 12,539   0
    PROFESSIONAL DEVELOPMENT 7,450 0   7,450
    POSTAGE & SHIPPING 1,646 0   1,646
    OFFICE EXPENSES 4,000 0   4,150
    FOUNDATION CONNECT EXPENSES 47,774 0   47,774
    ACCOUNTING SYSTEM ANNUAL MAINTENANCE 49,028 0   49,028
    INVESTMENT DEDUCTIONS FROM ALTERNATIVE INVESTMENTS 0 2,380,718   0
    DESIGN SERVICES 23,575 0   23,575
    OTHER EXPENSES 2,700 0   4,120
    COLLATERAL PRODUCTION 6,300 0   6,300
    MEDIUM CHANNEL LAUNCH 30,000 0   30,000
    PRI EXPENSES 73,230 147,733   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME (LOSS) FROM ALTERNATIVE INVESTMENTS 1,394,817 1,026,143 1,394,817
    OTHER INVESTMENT INCOME 488,690 488,690 488,690
    PRI INVESTMENT INCOME 21,014 209,580 21,014
    FOREIGN CURRENCY GAIN/(LOSS) -144,168   -144,168
    OTHER INCOME 639   -661,912
    STATE TAX REFUND 3,384   3,384
    PRIOR YEAR GRANT REFUND 71   71


    TY 2020 OtherIncreasesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Amount
    UNREALIZED GAIN/(LOSS) ON INVESTMENTS 32,351,804


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAXES 2,487,232 3,007,232


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 3,342,689 3,342,689   0
    WEBSITE CONSULTING FEES 8,900 0   10,008
    COMMUNICATIONS CONSULTING FEES 268,820 0   253,818
    PROGRAM CONSULTING FEES 656,948 0   660,320


    TY 2020 TaxesSchedule
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE AND INCOME TAX 743,107 0   0
    STATE & LOCAL TAXES 5,041 0   2,410
    FOREIGN TAXES 0 207,479   0


    TY 2020 TransfersToControlledEntities
    Name:
    THE LEMELSON FOUNDATION
    EIN:
    88-0391959
    Name US /
    Foreign Address    		 EIN Description Amount
    LEMELSON MEDICAL EDUCATION & RESEARCH FOUNDATION LP 7800 RANCHARRAH PARKWAY
    RENO,NV89511     		88-0305280 PARTNERSHIP DISTRIBUTIONS 934,078
    Total     934,078