Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
LAMB FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1705
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE OSWEGO, OR970350575
A Employer identification number

23-7120564
B Telephone number (see instructions)

(503) 635-8010
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,496,038J 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      
4 Dividends and interest from securities... 152,076 152,076  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 133,946
b Gross sales price for all assets on line 6a 2,204,671
7 Capital gain net income (from Part IV, line 2)... 133,946
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 905 905  
12 Total. Add lines 1 through 11........ 286,927 286,927  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 51,846 1,807   50,039
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 228 0   228
b Accounting fees (attach schedule)....... Click to see attachment 3,600 2,160   1,440
c Other professional fees (attach schedule).... Click to see attachment 35,587 35,587   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,958 1,878   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 106 2  
20 Occupancy.............. 4,998 100   1,898
21 Travel, conferences, and meetings....... 686 14   672
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,622 35   7,587
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 108,631 41,583   61,864
25 Contributions, gifts, grants paid....... 278,070 278,070
26 Total expenses and disbursements. Add lines 24 and 25 386,701 41,583   339,934
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -99,774
b Net investment income (if negative, enter -0-) 245,344
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............. 26,645 3,505 3,505
2 Savings and temporary cash investments......... 144,584 204,479 204,479
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.......... 415 423 423
10a Investments—U.S. and state government obligations (attach schedule) 820,087 Click to see attachment649,431 726,328
b Investments—corporate stock (attach schedule)....... 3,092,079 Click to see attachment3,062,768 4,715,680
c Investments—corporate bonds (attach schedule)....... 494,312 Click to see attachment672,658 733,310
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,020,563 Click to see attachment905,142 1,097,251
14 Land, buildings, and equipment: basis bullet1,255
Less: accumulated depreciation (attach schedule) bullet964 397 Click to see attachment291 291
15 Other assets (describe bullet) Click to see attachment14,160 Click to see attachment14,771 Click to see attachment14,771
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,613,242 5,513,468 7,496,038
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 5,613,242 5,513,468
29 Total net assets or fund balances (see instructions)..... 5,613,242 5,513,468
30 Total liabilities and net assets/fund balances (see instructions). 5,613,242 5,513,468
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,613,242
2
Enter amount from Part I, line 27a .....................
2
-99,774
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,513,468
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
5,513,468
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,757,416   1,572,577 184,839
b 433,328   498,148 -64,820
c 13,927     13,927
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       184,839
b       -64,820
c       13,927
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 133,946
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 3,410
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,410
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,410
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,999
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 2,999
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 411
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.LAMBFOUNDATION.ORG
    14
    The books are in care ofbulletADMINISTRATOR Telephone no.bullet (503) 635-8010

    Located atbulletPO BOX 1705LAKE OSWEGOOR ZIP+4bullet97035
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BARBARA LAMB PRESIDENT, DIRECTOR
    2.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    GAYLE HORTON VICE-PRESIDENT, DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    MARGARET MINNICK SECRETARY, DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    JAMES LAMB DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    BEN BAILEY DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    BRENDA LAMB DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    KATHRYN BAILEY DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    MARK VAN OPPEN DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    CARL LAMB TREASURER, DIRECTOR
    2.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    KAREN ANNE HORTON DIRECTOR
    1.00     		0 0 0
    PO BOX 1705
    LAKE OSWEGO,OR97035
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,740,491
    b
    Average of monthly cash balances.......................
    1b
    111,655
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,852,146
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,852,146
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    102,782
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,749,364
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    337,468
    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
    337,468
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,410
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,410
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    334,058
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    334,058
    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
    334,058
    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
    339,934
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    339,934
    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
    339,934
    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 7 334,058
    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...... 10,710
    c From 2017...... 38
    d From 2018...... 21,382
    e From 2019...... 9,447
    fTotal of lines 3a through e........ 41,577
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 339,934
    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..... 334,058
    e Remaining amount distributed out of corpus 5,876
    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 47,453
    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 ......     		47,453
    10 Analysis of line 9:
    a Excess from 2016.... 10,710
    b Excess from 2017.... 38
    c Excess from 2018.... 21,382
    d Excess from 2019.... 9,447
    e Excess from 2020.... 5,876
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LAMB FOUNDATION
    PO BOX 1705
    LAKE OSWEGO,OR970350575
    (503) 635-8010
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMISSION INFORMATION IS PROVIDED TO THE APPLICANT WITH THE INVITATION TO APPLY. APPLICATIONS MAY BE SUBMITTED VIA AN ONLINE FORM MADE AVAILABLE TO INVITEES, OR MAY BE SUBMITTED VIA EMAIL OR MAIL FOLLOWING THE GUIDELINES OF THE ONLINE FORM. QUESTIONS CAN BE DIRECTED TO DEBRA IGUCHI AT LAMBFDN@LAMBFOUNDATION.ORG OR BY TELEPHONE AT 503-635-8010. LAMB FOUNDATION TYPICALLY MAKES GRANTS TO 501(C)(3) PUBLIC CHARITIES LOCATED OR SERVING THE PACIFIC NORTHWEST, UNITED STATES IN THE AREAS OF ARTS, ENVIRONMENT AND SOCIAL SERVICES TO YOUTH AND CHILDREN. TYPICAL GRANTS RANGE FROM $5,000 - $15,000.
    cAny submission deadlines:
    SUBMISSION DEADLINES ARE PROVIDED TO THE APPLICANT WITH THE INVITATION TO APPLY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO FORMAL RESTRICTIONS OR LIMITATIONS
    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
    BLANCHET HOUSE OF HOSPITALITY
    340 NW GLISAN
    PORTLAND,OR97209     		  PUBLIC CHARITY PROVIDING EMERGENCY MEALS TO PEOPLE IN NEED DURING THE COVID-19 PANDEMIC 7,000
    CANBY UNITED METHODIST CHURCH
    1520 N HOLLY ST
    CANBY,OR970132203     		  PUBLIC CHARITY QUILTING PROJECT FOR AIDS CAMP AND THE CHILDREN'S CENTER 500
    CHARITABLE PARTNERSHIP FUND
    PO BOX 13276
    PORTLAND,OR972133276     		  PUBLIC CHARITY SUPPORT FOR GATHER/MAKE/SHELTER PROGAM TO CONNECT PEOPLE EXPERIENCING HOUSELESSNESS AND POVERTY WITH OPPORTUNITIES THROUGH LEADERSHIP AND SKILL BUILDING. 1,000
    CLACKAMAS RIVER BASIN COUNCIL
    PO BOX 1869
    CLACKAMAS,OR970151869     		  PUBLIC CHARITY IN HONOR OF ROBERT TOMAN TO FOSTER PARTNERSHIPS FOR CLEAN WATER AND IMPROVE FISH AND WILDLIFE HABITAT 1,000
    COMMUNITY TRANSITIONAL SCHOOL
    6601 NE KILLINGSWORTH ST
    PORTLAND,OR97218     		  PUBLIC CHARITY PROVIDE DAILY EDUCATION SERVICES AND TWO MEALS A DAY FOR HUNDREDS OF HOMELESS CHILDREN LIVING IN THE GREATER PORTLAND METRO AREA, EVERY SCHOOL DAY FOR THE 2020-21 SCHOOL YEAR. 15,000
    DESCHUTES RIVER CONSERVANCY
    700 NW HILL ST
    BEND,OR97701     		  PUBLIC CHARITY IMPLEMENTATION OF WATER SUPPLY PROJECTS TO MEET RIVER AND COMMUNITY WATER NEEDS 10,000
    FAMILY ACCESS NETWORK FOUNDATION
    2125 NE DAGGETT LANE
    BEND,OR97701     		  PUBLIC CHARITY TO PROVIDE CHILDREN WITH ESSENTIAL RESOURCES NEEDED TO THRIVE IN SCHOOL 10,000
    FINANCIAL BEGINNINGS OREGON
    2705 E BURNSIDE ST 214
    PORTLAND,OR97214     		  PUBLIC CHARITY PROVIDE FREE FINANCIAL EDUCATION TO 23,000 YOUNG PEOPLE, 51-75% OF WHOM WILL COME FROM LOW-INCOME BACKGROUNDS 15,000
    FRIENDS OF EXPLORER POST 58
    5228 SW WESTWOOD VIEW
    PORTLAND,OR97239     		  PUBLIC CHARITY SUPPORT THE MISSION TO PROVIDE PERSONAL GROWTH AND SOCIAL INTERACTION BY CREATING DIVERSE EXPERIENCES THAT FOSTER RESPONSIBILITY, RESPECT AND A PASSION FOR THE OUTDOORS FOR A VARIETY OF YOUTH AGES 14-18. ALSO HELP STUDENTS WITH FINANCIAL NEED TO PARTICIPATE IN POST 58 ACTIVITIES THAT NURTURE CONSCIOUS YOUNG ADULTS TO ACTIVELY USE WHATEVER POWER THEY HAVE TO MAKE POSITIVE CHANGE IN THE WORLD. 1,300
    GRANTMAKERS OF OREGON & SW WASHINGTON
    221 NW 2ND 2ND FLOOR
    PORTLAND,OR97228     		  PUBLIC CHARITY SUPPORT THE REGIONAL PHILANTHROPIC COMMUNITY TO SERVE THE NONPROFIT SECTOR SERVE A BROAD SWATH OF THE PUBLIC AND ENVIRONMENT 125
    GROWING GARDENS
    3114 SE 50TH AVE
    PORTLAND,OR97206     		  PUBLIC CHARITY SUPPORT GROWING FOOD IN SCHOOLS, BACKYARDS AND CORRECTIONAL FACILITIES TO CULTIVATE HEALTH AND EQUITABLE COMMUNITIES 100
    HEART OF AMERICA NORTHWEST RESEARCH CENTER
    10212 FIFTH AVE NE 255A
    SEATTLE,WA98125     		  PUBLIC CHARITY SUPPORT ONGOING EDUCATION ABOUT DANGERS OF NUCLEAR POWER, NEED FOR CLEANUP OF THE HANFORD NUCLEAR RESERVATION AND PROMOTION OF ALTERNATIVE FUELS 200
    HOMEPLATE YOUTH SERVICES
    PO BOX 1413
    BEAVERTON,OR970751413     		  PUBLIC CHARITY SUPPORT FOR YOUTH EXPERIENCING HOMELESSNESS 10,000
    HUMAN SOLUTIONS
    12350 SE POWELL BLVD
    PORTLAND,OR97236     		  PUBLIC CHARITY PROVIDES HOUSING AND ECONOMIC SECURITY IN THE GRESHAM, OR AREA 20,100
    HUNGER FIGHTERS OREGON
    PO BOX 2215
    LAKE OSWEGO,OR97035     		  PUBLIC CHARITY PROVIDES FOOD FOR THE 7.9% OF CHILDREN AND FAMILIES IN THE LAKE OSWEGO AREA WHO ARE FOOD INSECURE 100
    JOB'S DAUGHTERS INTERNATIONAL - OREGON
    PO BOX 3946
    WILSONVILLE,OR97070     		  PUBLIC CHARITY 2021 LEADERSHIP TRAINING SERVICE BLANKET PROJECT SUPPORT 600
    LIBERTY HOUSE
    2685 4TH ST NE
    SALEM,OR97301     		  PUBLIC CHARITY THIS GRANT WILL PROVIDE SUPPORT FOR SERVING CHILDREN BEING ABUUSED AND/OR TO PREVENT CHILD ABUSE 1,500
    LIFEWORKS NW
    5415 SW WESTGATE DR
    PORTLAND,OR97221     		  PUBLIC CHARITY GENERAL SUPPORT TO PREVENT CHILD ABUSE AND NEGLECT THROUGH THE PROVEN SUCCESSFUL MODEL OF THE RELIEF NURSERY 1,000
    LUTHERAN COMMUNITY SERVICES NORTHWEST
    127 SW 156TH ST SUITE 200
    BURIEN,WA98166     		  PUBLIC CHARITY A FAMILY PLACE RELIEF NURSERY INFANTS & WOBBLERS THERAPEUTIC CLASSROOM 15,000
    MARION-POLK FOOD SHARE
    1660 SALEM INDUSTRIAL DR NE
    SALEM,OR97301     		  PUBLIC CHARITY TO HELP SERVE FOOD-INSECURE PEOPLE IN MARION & POLK COUNTIES AND PROVIDE EMERGENCY FOOD TO LOCAL FOOD BANKS DURING THE COVID-19 PANDEMIC 14,500
    MY FATHER'S HOUSE
    PO BOX 1147
    GRESHAM,OR97030     		  PUBLIC CHARITY TO PROVIDE EDUCATION AND SHELTER FOR HOMELESS FAMILIES IN THE MULTNOMAH COUNTY REGION 3,100
    NATIONAL INDIAN CHILD WELFARE ASSOCIATION INC
    5100 SW MACADAM AVE SUITE 300
    PORTLAND,OR972271255     		  PUBLIC CHARITY SUPPORT NATIVE FAMILY ADVOCACY PROGRAM TO ELIMINATE CHILD ABUSE AND NEGLECT 15,000
    NORTHWEST CHILDREN'S THEATER AND SCHOOL
    1819 NW EVERETT ST STE 216
    PORTLAND,OR972092189     		  PUBLIC CHARITY SUPPORT THE MISSION TO EDUCATE, ENTERTAIN, AND ENRICH YOUNG AUDIENCES AND THEIR FAMILIES 1,000
    OASIS ADVOCACY AND SHELTER INC
    PO BOX 932
    GOLD BEACH,OR97444     		  PUBLIC CHARITY TO SUPPORT RENTAL ASSISTANCE AND HOMELESS PREVENTION IN CURRY COUNTY, OREGON 15,000
    OREGON CITY SCHOOLS FOUNDATION
    PO BOX 85
    OREGON CITY,OR97045     		  PUBLIC CHARITY SUPPORT PIONEER PANTRY WHICH DISTRIBUTES FOOD BACKPACKS EACH WEEK TO STUDENTS WHO ARE FOOD INSECURE 1,000
    OREGON COMMUNITY FOUNDATION
    1221 SW YAMHILL SUITE 100
    PORTLAND,OR97205     		  PUBLIC CHARITY TO SUPPORT 2020 COMMUNITY REBUILDING FUND FOR COMMUNITIES LEVELED BY WILDFIRES 6,000
    OREGON FOOD BANK
    7900 NE 33RD DR
    PORTLAND,OR972115370     		  PUBLIC CHARITY SUPPORT THE MISSION TO ELIMINATE HUNGER AND ITS ROOT CAUSES - BECAUSE NO ONE SHOULD BE HUNGRY. OREGON FOOD BANK SERVES HUNGRY PEOPLE IN OREGON AND CLARK COUNTY, WA WITHOUT DISCRIMINATION AND PROVIDE EMERGENCY FOOD DURING THE COVID-19 PANDEMID 11,100
    OREGON WILDLIFE FOUNDATION
    901 SE OAK ST SUITE 103
    PORTLAND,OR97214     		  PUBLIC CHARITY OREGON CONSERVATION AND RECREATION FUND IN MEMORY OF BOB TOMAN 5,000
    OSWEGO HERITAGE COUNCIL
    PO BOX 1041
    LAKE OSWEGO,OR97034     		  PUBLIC CHARITY TO SUPPORT THE PRESERVATION OF HISTORY AND CULTURE OF LAKE OSWEGO 200
    SAFETY COMPASS
    PO BOX 1293
    SILVERTON,OR97381     		  PUBLIC CHARITY PROVIDE ORGANIZATIONAL SUPPORT FOR OFFERING TRAUMA-INFORMED AND SURVIVOR-INFORMED ADVOCACY, LONG TERM CASE MANAGEMENT AND SYSTEMS NAVIGATION FOR VICTIMS AND SURVIVORS OF THE COMMERCIAL SEXUAL INDUSTRY 10,000
    SEI - SELF-ENHANCEMENT INC
    3920 N KERBY AVE
    PORTLAND,OR972271721     		  PUBLIC CHARITY SUPPORT SCHOOLS UNITING NEIGHBORHOODS PROGRAM 15,000
    SOUNDSTART
    9955 SW BEAVERTON HILLSDALE HWY 115
    BEAVERTON,OR97005     		  PUBLIC CHARITY SUPPORT COMPREHENSIVE CARE PROGRAM AND A PLAYGROUND FOR INFANTS AND TODDLERS WHO ARE DEAF 18,745
    SUNSHINE PANTRY
    13600 SW ALLEN BLVD
    BEAVERTON,OR97008     		  PUBLIC CHARITY PROVIDE EMERGENCY FOOD AND SUPPORT TO THOSE IN NEED 1,000
    TEAM READ
    PO BOX 94042
    SEATTLE,WA981249442     		  PUBLIC CHARITY GENERAL OPERATING SUPPORT FOR THE POWER IS IN THE PAIR PROGRAM TO EMPLOYE TEENS TO PROVIDE TUTORING TO 2ND-4TH GRADERS. 10,000
    THE LIVING ROOM
    704 MAIN ST 304
    OREGON CITY,OR97045     		  PUBLIC CHARITY SUPPORT DEVELOPMENT OF A ROBUST VOLUNTEER PROGRAM TO SUPPORT LGBTQ+ YOUTH IN CLACKAMAS COUNTY 10,000
    TREEHOUSE FUND
    2100 24TH AVE S STE 200
    SEATTLE,WA981444632     		  PUBLIC CHARITY SUPPORT GRADUATION SUCCESS PROGRAM TO HELP FOSTER YOUTH GRADUATE FROM HIGH SCHOOL AT THE SAME RATE AS THEIR PEERS 18,000
    TRINITY UNITED METHODIST CHURCH
    3901 SE STEELE ST
    PORTLAND,OR97202     		  PUBLIC CHARITY SUPPORT WOODSTOCK ELEMENTARY PROJECT TO PROVIDE SCHOOL SUPPLIES AND DISTANCE LEARNING SUPPORT, AND REST STOP PROJECT TO SUPPORT FIRST RESPONDERS 900
    URBAN ARTWORKS
    815 SEATTLE BLVD S SUITE B7
    SEATTLE,WA98134     		  PUBLIC CHARITY SUPPORT MURAL APPRENTICE PROGRAM FOR SCHOOL YEAR 2020-21 12,000
    WILD GIFT
    PO BOX 1151
    HAILEY,ID83333     		  PUBLIC CHARITY UNRESTRICTED 1,000
    Total .................................bullet 3a 278,070
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 152,076  
    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.....     14 905  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 133,946  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 286,927 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    286,927
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 3,600 2,160   1,440

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE CHAIR 2005-12-14 325 325 SL 5.000000000000 0 0    
    BROTHER 8890 COPIER 2011-01-15 400 400 SL 5.000000000000 0 0    
    BROTHER MFC PRINTER 2018-10-05 530 133 SL 5.000000000000 106 0    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC. 47,223 47,898
    AMERICAN TOWER CORP 52,886 56,533
    AMGEN INCORPORATED 51,621 51,813
    BANK OF AMERICA 56,545 50,005
    BNSF, LLC 36,546 35,208
    COMCAST CORP 28,301 29,911
    FEDEX CORPORATION 48,724 49,704
    GEORGIA POWER CO 48,845 57,147
    INTERCONTINENTAL 40,792 41,604
    JPMORGAN CHASE & 40,063 44,688
    PRUDENTIAL FINANCIAL INC 56,114 71,858
    SHELL INTL FIN 48,890 77,286
    STARBUCKS CORP 45,263 46,444
    THE WALT DISNEY 43,026 43,871
    VERIZON COMMUNI 27,819 29,340

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 43,787 60,004
    ALIBABA GROUP HOLDING 9,153 11,637
    ALLSTATE CORPORATION 15,743 27,483
    ALPHABET INC 47,605 140,211
    AMAZON.COM INC 68,700 97,708
    AMETEK INC 32,698 39,910
    AMGEN INCORPORATED 15,501 28,740
    ANALOG DEVICES INC 43,745 70,172
    AON PLC 6,440 7,394
    APPLE INC 54,754 172,497
    AVERY DENNISON CORP 35,220 46,533
    BEST BUY INC 36,048 31,933
    BHP GROUPN LTD F 10,943 17,642
    BROADCOM INC 39,353 59,110
    C A C I INC 9,324 16,206
    CANADIAN PAC RAILWAY F 7,853 8,667
    CARRIER GLOBAL CORP 14,764 35,457
    CELANESE CORP 11,976 14,293
    CHECK PT SOFTWARE TECH F 3,129 7,310
    CHEVRON CORPORATION 15,057 23,646
    CHUBB LTD 4,977 6,157
    CREDIT SUISSE GROUP AG F 18,784 27,392
    DANA HOLDING CORP 00500 23,739 23,814
    DBS GROUP HOLDINGS ADR F 11,145 14,450
    DELL TECHNOLOGIES 14,233 19,055
    ELECTRONIC ARTS INC 18,353 33,028
    ENTERGY CORP 15,706 23,962
    FACEBOOK INC 37,525 57,364
    FERGUSON PLC NEW F 13,336 18,165
    FORTIVE CORP DISC 18,026 20,538
    HOME DEPOT INC 32,842 69,061
    HONEYWELL INTERNATIONAL 34,594 65,937
    HOYA CORP F 10,518 24,982
    INTERCONTL HTLS F 7,333 10,484
    JOHNSON & JOHNSON 28,794 33,837
    JPMORGAN CHASE & CO 62,552 80,689
    KINDER MORGAN INC 20,361 13,123
    KINGFISHER PLC F 20,671 23,373
    KONINKLIJKE PHILIPS N F 7,500 8,126
    LEGGETT & PLATT INC 32,674 34,333
    LEGRAND SA F 13,166 17,592
    MASCO CORP 47,366 46,416
    MASTERCARD INC 21,847 21,416
    MEDTRONIC PLC 18,882 20,500
    MERCK & CO INC 30,910 40,491
    MICROSOFT CORP 38,585 193,505
    MONDELEZ INTL 11,037 15,202
    MORGAN STANLEY 33,913 46,258
    MOTOROLA SOLUTIONS 20,658 21,258
    NICE LTD 10,821 19,848
    NIKE INC 18,495 30,416
    NOVO-NORDISK A S 8,129 11,875
    NUANCE COMMUN INC 16,937 33,288
    NXP SEMICONDUCTORS F 16,787 28,622
    ORIX CORP F 10,010 10,053
    PARKER-HANNIFIN CORP 25,513 32,689
    PETROLEO BRASILEIRO F 7,239 7,187
    PROCTOR & GAMBLE 43,558 66,787
    QUALCOMM INC 23,298 29,706
    RECRUIT CO., LTD. F 7,188 7,485
    ROCHE HLDG AG F 11,562 21,043
    ROCKWELL AUTOMATION 27,282 27,589
    RWE AG ORD F 10,959 15,703
    S&P GLOBAL INC 21,640 29,586
    SCHLUMBERGER LTD F 22,171 20,739
    SHIN ETSU CHEMICAL CO F 11,724 18,911
    SONY CORP F 13,372 43,473
    STRYKER CORP 14,659 19,603
    T F I INTERNTNL INC 0 F 7,213 7,737
    TENCENT HOLDINGS F 14,547 17,973
    THERMO FISHER SCNTFC 29,282 72,196
    TJX COMPANIES INC 38,885 39,608
    TORONTO DOMINION BANK F 14,217 15,798
    TOTAL SA F 14,490 14,249
    TRUIST FINL CORP 23,284 32,928
    UNILEVER N V F 8,419 12,072
    UNION PACIFIC CORP 25,280 32,274
    UNITEDHEALTH GROUP INC 21,065 43,835
    VERIZON COMMUNICATN 17,676 18,800
    VISA INC 40,243 79,836
    VOYA FINL INC 24,659 24,700
    WALMART INC 28,871 31,713
    WALT DISNEY CO 32,627 45,295
    ZOETIS INC 12,629 24,825
    A T & T INC 53,592 48,892
    ABBVIE INC 42,829 70,719
    AMERIPRISE FINANCIAL INC 20,694 34,979
    AMGEN INCORPORATED 18,950 33,338
    ANALOG DEVICES INC 45,448 62,047
    ARTHUR J GALLAGHER&CO 12,015 33,402
    AVERY DENNISON CORP 21,989 40,329
    BEST BUY INC 25,266 22,952
    BLACKROCK INC 16,443 46,900
    BROADCOM INC 28,163 45,974
    CELANESE CORP 13,052 15,593
    CHEVRON CORPORATION 47,707 56,582
    CISCO SYSTEMS INC 13,198 35,353
    EAST WEST BANCORP 15,887 22,312
    EATON CORP PLC F 23,303 54,063
    EMERSON ELECTRIC CO 19,539 21,700
    ENTERGY CORP 47,439 49,920
    HOME DEPOT INC 62,354 75,702
    HONEYWELL INTERNATIONAL 28,407 76,572
    JOHNSON & JOHNSON 40,191 48,001
    JOHNSON CONTROLS INTER F 43,428 53,579
    JPMORGAN CHASE & CO 25,524 85,137
    KINDER MORGAN INC 23,260 15,037
    LEGGETT & PLATT INC 23,554 26,137
    LOCKHEED MARTIN CORP 15,795 15,974
    MC CORMICK & CO INC 31,731 49,712
    MC DONALDS CORP 25,651 27,895
    MEDTRONIC PLC F 28,103 37,485
    MERCK & CO INC NEW 32,186 67,076
    METLIFE INC 11,571 16,433
    MICROSOFT CORP 12,202 54,270
    MORGAN STANLEY 46,280 71,957
    NEXTERA ENERGY INC 31,026 46,290
    PROCTOR & GAMBLE 70,368 109,917
    PROGRESSIVE CO OHIO 19,001 27,686
    QUALCOMM INC 16,433 21,328
    SCHLUMBERGER LTD F 9,102 8,514
    TRUIST FINL CORP 38,380 45,006
    UNION PACIFIC CORP 35,374 43,726
    VERIZON COMMUNICATN 60,782 61,688

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    US Government Securities - End of Year Book Value:

    649,431
    US Government Securities - End of Year Fair Market Value:

    726,328
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 778,409 950,760
    EXCHANGE TRADED FUNDS AT COST 55,151 64,688
    OTHER INVESTMENTS AT COST 71,582 81,803

    TY 2020 LandEtcSchedule2
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE CHAIR 325 325 0  
    BROTHER 8890 COPIER 400 400 0  
    BROTHER MFC PRINTER 530 239 291  


    TY 2020 LegalFeesSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 228 0   228


    TY 2020 OtherAssetsSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST AND DIVIDENDS RECEIVABLE 14,160 14,771 14,771


    TY 2020 OtherExpensesSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 1,755 35   1,720
    INSURANCE 1,956 0   1,956
    LICENSES & FEES 811 0   811
    DUES AND MEMBERSHIPS 3,100 0   3,100


    TY 2020 OtherIncomeSchedule2
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 905 905 905


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 35,587 35,587   0


    TY 2020 TaxesSchedule
    Name:
    LAMB FOUNDATION
    EIN:
    23-7120564
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 2,080 0   0
    FOREIGN TAXES 1,878 1,878   0