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 02-01-2020 , and ending 01-31-2021
Name of foundation
FALES FOUNDATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 52007
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHOENIX, AZ85072
A Employer identification number

91-6087669
B Telephone number (see instructions)

(206) 587-3688
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$5,900,820J 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... 132,867 122,586  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 96,195
b Gross sales price for all assets on line 6a 948,841
7 Capital gain net income (from Part IV, line 2)... 96,195
8 Net short-term capital gain......... 0
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 1,327    
12 Total. Add lines 1 through 11........ 230,389 218,781  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 62,181 46,636   15,545
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,218 2,218   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 5,783 5,783    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 71,182 54,637 0 16,545
25 Contributions, gifts, grants paid....... 292,000 292,000
26 Total expenses and disbursements. Add lines 24 and 25 363,182 54,637 0 308,545
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -132,793
b Net investment income (if negative, enter -0-) 164,144
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 47,307 45,946 45,946
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 696,832 Click to see attachment2,798,423 3,897,688
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,156,749 Click to see attachment1,924,391 1,957,186
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,900,888 4,768,760 5,900,820
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,900,888 4,768,760
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)..... 4,900,888 4,768,760
30 Total liabilities and net assets/fund balances (see instructions). 4,900,888 4,768,760
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
4,900,888
2
Enter amount from Part I, line 27a .....................
2
-132,793
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
665
4
Add lines 1, 2, and 3 ..........................
4
4,768,760
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
4,768,760
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 5. ALPHABET INC CAP STK CL A   2009-02-25 2020-02-18
b 20. APPLE INC COM   2011-02-16 2020-02-18
c 75. APPLIED MATLS INC   2016-04-06 2020-02-18
d 75. CISCO SYS INC   2017-08-08 2020-02-18
e 25. COSTCO WHOLESALE CORP   2011-12-21 2020-02-18
50. DOLLAR TREE STORES   2016-04-06 2020-02-18
50. EOG RES INC   2014-05-22 2020-02-18
25. ECOLAB INC   2009-06-02 2020-02-18
100. GILEAD SCIENCES INC   2017-12-19 2020-02-18
100. HARTFORD FINL SVCS GROUP INC   2018-01-29 2020-02-18
50. JPMORGAN CHASE & CO   2017-05-30 2020-02-18
40. MICROSOFT CORP   2014-05-22 2020-02-18
100. UNITED PARCEL SERVICE CL B   2012-05-17 2020-02-18
100. WEC ENERGY GROUP INC COM   2009-08-27 2020-02-18
1027.771 AQR MANAGED FUTURES STRAT R6 #15282   2015-12-21 2020-02-19
2045.359 AQR EQTY MKT NEUTRAL FD R6 #15296   2016-12-20 2020-02-19
786.846 NATIXIS ASG MGD FUT CL N #6100   2016-04-06 2020-02-19
4755.434 EATON VANCE FLT-RT HI INC R6 #1048   2014-05-22 2020-03-30
100. HALLIBURTON CO   2017-05-30 2020-03-30
1848.428 PIMCO INCOME FUND INSTL #1821   2014-11-10 2020-03-30
14. VANGUARD SMALL CAP GR VIPERS   2019-02-25 2020-03-30
59. VANGUARD SMALL CAP GR VIPERS   2019-04-29 2020-03-30
150. VANGUARD MID-CAP ETF   2016-08-01 2020-03-30
954.544 WESTERN ASSET MAC OPP IS FD #5102   2017-11-03 2020-03-30
50. ALLERGAN PLC SHS   2017-05-30 2020-03-30
100. ROYAL CARIBBEAN CRUISES LTD   2016-04-06 2020-03-30
200. E TRADE FIN CORP COM   2018-05-24 2020-04-24
20. AMERICAN TOWER CORP   2014-06-03 2020-05-07
15. APPLE INC COM   2011-02-16 2020-05-07
112.97 BLACKSTONE ALTNV MLT STR FD CL I   2019-12-18 2020-05-07
6627.753 BLACKSTONE ALTNV MLT STR FD CL I   2018-12-18 2020-05-07
3092.783 EATON VANCE EMER MKTS LOC INC I #114   2019-12-30 2020-05-07
1282.051 EATON VANCE FLT-RT HI INC R6 #1048   2014-05-22 2020-05-07
2818.189 EATON VANCE GLB MACR ABSOLT FD#1071   2014-05-22 2020-05-07
80. EQUIFAX INC   2019-11-27 2020-05-07
500. ISHARES MSCI EAFE ETF   2015-05-28 2020-05-07
50. PHILIP MORRIS INTL COM   2012-05-17 2020-05-07
90. SPDR S & P 500 ETF TR UNIT SER 1   2019-04-29 2020-05-07
260.416 UNDISCOVERED MGRS BEHAVL R6 #3467   2018-05-24 2020-05-07
100. VANGUARD SMALL CAP GR VIPERS   2019-02-25 2020-05-07
50. ABBOTT LABS COM   2019-10-04 2020-09-08
80. APPLE INC COM   2011-02-16 2020-09-08
50. CHEVRON CORP. COMMON STOCK   2012-05-17 2020-09-08
2000. ISHARES TR HDG MSCI EAFE   2017-12-19 2020-09-08
50. JPMORGAN CHASE & CO   2017-05-30 2020-09-08
50. PROCTER & GAMBLE CO   2012-08-21 2020-09-08
5. ALPHABET INC CAP STK CL A   2009-02-25 2020-12-17
2. AMAZON.COM INC   2019-04-29 2020-12-17
30. APPLE INC COM   2011-02-16 2020-12-17
10. BERKSHIRE HATHAWAY B   2018-10-17 2020-12-17
25. CHEVRON CORP. COMMON STOCK   2008-12-23 2020-12-17
50. CITIGROUP INC COM   2017-06-14 2020-12-17
10. COSTCO WHOLESALE CORP   2011-12-21 2020-12-17
15. FACEBOOK INC CL A   2020-09-08 2020-12-17
10. HONEYWELL INTL INC   2017-10-25 2020-12-17
10. HUNT J B TRANS SVCS INC   2016-12-14 2020-12-17
1400. ISHARES TR HDG MSCI EAFE   2017-05-30 2020-12-17
50. JPMORGAN CHASE & CO   2013-12-20 2020-12-17
30. MASTERCARD INC-A   2016-08-01 2020-12-17
20. MCDONALDS CORP   2008-12-23 2020-12-17
35. MICROSOFT CORP   2014-05-22 2020-12-17
20. PROCTER & GAMBLE CO   2008-12-23 2020-12-17
10. UNITED PARCEL SERVICE CL B   2011-05-27 2020-12-17
50. VERIZON COMMUNICATIONS   2012-05-17 2020-12-17
60. VONTIER CORPORATION   2009-04-09 2020-12-17
100. WEC ENERGY GROUP INC COM   2009-08-27 2020-12-17
25. XILINX INC   2019-11-27 2020-12-17
15. LINDE PLC COM   2018-10-31 2020-12-17
100. MEDTRONIC PLC SHS   2015-01-27 2020-12-17
100. ALCON INC ORD SHS   2020-02-18 2020-12-17
3003.733 AQR EQTY MKT NEUTRAL FD R6 #15296   2016-04-06 2020-12-18
190.209 AQR EQTY MKT NEUTRAL FD R6 #15296   2019-12-23 2020-12-18
75. ABBOTT LABS COM   2019-10-04 2020-12-22
50. APPLE INC COM   2011-02-16 2020-12-22
50. APPLIED MATLS INC   2016-04-06 2020-12-22
30. BOEING CO   2019-04-29 2020-12-22
5. COSTCO WHOLESALE CORP   2011-12-21 2020-12-22
25. DISNEY (WALT) COMPANY HOLDING CO   2011-12-21 2020-12-22
50. EOG RES INC   2014-05-22 2020-12-22
10. HUNT J B TRANS SVCS INC   2016-12-14 2020-12-22
25. LILLY ELI & CO   2019-01-22 2020-12-22
35. MICROSOFT CORP   2014-05-22 2020-12-22
25. OTIS WORLDWIDE CORP   2020-05-07 2020-12-22
25. TJX COS INC NEW   2020-09-08 2020-12-22
10. UNITED PARCEL SERVICE CL B   2011-05-27 2020-12-22
25. WEC ENERGY GROUP INC COM   2009-08-27 2020-12-22
25. APTIV PLC COM   2019-11-27 2020-12-22
4537.205 VNGRD ST TERM INVMT GRADE ADM #539   2013-03-28 2020-12-23
1000. ISHARES TR HDG MSCI EAFE   2016-12-14 2021-01-25
74.715 T ROWE PRICE GWTH STK CL I FD#540   2020-12-14 2021-01-25
372.29 T ROWE PRICE GWTH STK CL I FD#540   2019-12-13 2021-01-25
2295.498 WESTERN ASSET MAC OPP IS FD #5102   2019-12-18 2021-01-25
CAPITAL GAIN DIVIDENDS P    
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(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 7,611   859 6,752
b 6,375   1,031 5,344
c 4,871   1,563 3,308
d 3,491   2,388 1,103
e 8,057   2,091 5,966
4,553   4,020 533
3,719   5,219 -1,500
5,172   959 4,213
6,702   7,470 -768
5,849   5,830 19
6,784   4,258 2,526
7,492   1,609 5,883
10,633   7,377 3,256
10,281   2,312 7,969
8,602   10,908 -2,306
18,551   24,671 -6,120
7,727   8,826 -1,099
35,428   42,977 -7,549
627   4,538 -3,911
20,203   23,246 -3,043
2,086   2,535 -449
8,791   10,998 -2,207
19,854   19,288 566
9,011   11,338 -2,327
8,730   11,142 -2,412
3,227   8,822 -5,595
7,651   13,105 -5,454
4,752   1,774 2,978
4,558   773 3,785
1,052   1,204 -152
61,704   65,719 -4,015
15,093   16,966 -1,873
10,013   11,533 -1,520
23,701   25,381 -1,680
11,862   11,339 523
27,982   34,163 -6,181
3,531   3,285 246
25,971   26,471 -500
10,260   18,811 -8,551
17,907   18,106 -199
5,142   4,071 1,071
9,096   1,031 8,065
4,019   4,997 -978
54,846   59,119 -4,273
5,138   4,258 880
6,924   3,319 3,605
8,667   859 7,808
6,474   3,883 2,591
3,860   387 3,473
2,248   2,099 149
2,204   1,752 452
3,000   3,220 -220
3,702   836 2,866
4,107   4,060 47
2,116   1,402 714
1,386   993 393
43,005   39,216 3,789
5,981   2,872 3,109
10,091   2,848 7,243
4,285   1,233 3,052
7,663   1,408 6,255
2,766   1,217 1,549
1,743   730 1,013
2,997   2,044 953
2,006   304 1,702
9,212   2,312 6,900
3,793   2,289 1,504
3,847   2,452 1,395
11,516   7,383 4,133
6,436   6,305 131
22,648   35,293 -12,645
1,434   1,775 -341
8,084   6,107 1,977
6,579   644 5,935
4,326   1,042 3,284
6,697   11,375 -4,678
1,820   418 1,402
4,249   909 3,340
2,498   5,219 -2,721
1,405   993 412
4,192   2,899 1,293
7,789   1,246 6,543
1,645   1,324 321
1,678   1,367 311
1,723   730 993
2,248   578 1,670
3,094   2,373 721
50,000   49,433 567
31,227   26,244 4,983
7,500   7,044 456
37,370   25,498 11,872
26,766   26,331 435
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
      15,135
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       6,752
b       5,344
c       3,308
d       1,103
e       5,966
      533
      -1,500
      4,213
      -768
      19
      2,526
      5,883
      3,256
      7,969
      -2,306
      -6,120
      -1,099
      -7,549
      -3,911
      -3,043
      -449
      -2,207
      566
      -2,327
      -2,412
      -5,595
      -5,454
      2,978
      3,785
      -152
      -4,015
      -1,873
      -1,520
      -1,680
      523
      -6,181
      246
      -500
      -8,551
      -199
      1,071
      8,065
      -978
      -4,273
      880
      3,605
      7,808
      2,591
      3,473
      149
      452
      -220
      2,866
      47
      714
      393
      3,789
      3,109
      7,243
      3,052
      6,255
      1,549
      1,013
      953
      1,702
      6,900
      1,504
      1,395
      4,133
      131
      -12,645
      -341
      1,977
      5,935
      3,284
      -4,678
      1,402
      3,340
      -2,721
      412
      1,293
      6,543
      321
      311
      993
      1,670
      721
      567
      4,983
      456
      11,872
      435
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 96,195
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 2,282
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 2,282
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 2,282
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,888
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,888
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 606
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet606 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletMUFG UNION BANK NA Telephone no.bullet (206) 587-3688

    Located atbullet900 FOURTH AVENUESEATTLEWA ZIP+4bullet98164
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MUFG UNION BANK N A TRUSTEE
    20     		62,181    
    2825 COLBY AVE SUITE A
    EVERETT,WA98201
    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 NONE  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,344,336
    b
    Average of monthly cash balances.......................
    1b
    160,178
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,504,514
    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
    5,504,514
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    82,568
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,421,946
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    271,097
    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
    271,097
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,282
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,282
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    268,815
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    268,815
    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
    268,815
    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
    308,545
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    308,545
    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
    308,545
    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 7 268,815
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 29,714
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 308,545
    a Applied to 2019, but not more than line 2a 29,714
    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..... 268,815
    e Remaining amount distributed out of corpus 10,016
    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 10,016
    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 ......     		10,016
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 10,016
    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).)
    NONE
    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.
    NONE
    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:
    JOHN ARENZ CO MUFG UNION BANK
    1201 THIRD AVENUE SUITE 900
    SEATTLE,WA98101
    (206) 587-3621
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM PROVIDED IN RESPONSE TO QUALIFIED INQUIRIES
    cAny submission deadlines:
    APRIL 1 ANNUALLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ONLY TO SEATTLE ART PROGRAMS AND PROGRAMS SERVING THE HOMELESS
    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
    ASIAN COUNSELING & REFERRA
    3639 MARTIN LUTHER KING JR WAY SO
    SEATTLE,WA98144     		NONE EXEMPT COMMUNITY ENGAGEMENT 3,000
    FAMILY WORKS
    1501 NO 45TH
    SEATTLE,WA98103     		NONE PC FAMILY DEVELOPMENT 3,500
    FOOD LIFELINE
    1702 NE 150TH
    SHORELINE,WA98155     		NONE PC FOOD FOR THE NEEDY 10,000
    PACIFIC NW BALLET
    301 MERCER STREET
    SEATTLE,WA98109     		NONE PC YOUTH DEVELOPMENT 3,000
    PIKE MARKET SENIOR CENTER
    85 PIKE STREET 200
    SEATTLE,WA98101     		NONE EXEMPT COMMUNITY SERVICE FOR 5,000
    SEATTLE ARTS & LECTURES
    105 SO MAIN SUITE 201
    SEATTLE,WA98104     		NONE PC YOUTH DEVELOPMENT 4,000
    YOUTH IN FOCUS
    2100-24TH AVE S SUITE 310
    SEATTLE,WA98144     		NONE PC YOUTH DEVELOPMENT 5,000
    COMMUNITY LUNCH ON CAPITAL HILL
    1710 ELEVENTH AVE
    SEATTLE,WA98122     		NONE PC FOOD FOR THE NEEDY 5,000
    CRISIS CONNECTIONS
    9725 3RD AVE NE STE 300
    SEATTLE,WA98115     		NONE PC FAMILY SAFETY 5,000
    ELIZABETH GREGORY HOME
    1604 NE 50TH
    SEATTLE,WA98105     		NONE PC HOUSING 5,000
    CATHOLIC HOUSING SERVICES
    100 23RD AVE SO
    SEATTLE,WA98144     		NONE PC HOUSING 5,000
    SEATTLE SYMPHONY
    PO BOX 21906
    SEATTLE,WA98111     		NONE PC YOUTH DEVELOPMENT 5,000
    SEATTLE JAZZED
    PO BOX 28808
    SEATTLE,WA98118     		NONE PC YOUTH DEVELOPMENT 4,000
    SEATTLE MUSIC PARTNERS
    4533 SUNNYSIDE AVE NO
    SEATTLE,WA98103     		NONE PC YOUTH DEVELOPMENT 2,500
    FARESTART
    700 VIRGINIA
    SEATTLE,WA98101     		NONE PC LIFE SKILLS, DEVELOPMENT 5,000
    JEWISH FAMILY SERVICE
    1601 16TH AVE
    SEATTLE,WA98122     		NONE PC FAMILY SERVICES 5,000
    MILLIONAIR CLUB CHARITY
    2515 WESTERN AVE
    SEATTLE,WA98121     		NONE PC JOB PLACEMENT, DEVELOPMENT 5,000
    COMPASS HOUSING ALLIANCE
    77 S WASHINGTON ST
    SEATTLE,WA98104     		NONE EXEMPT CHARITABLE 5,000
    NORTHWEST HARVEST
    PO BOX 12272
    SEATTLE,WA98102     		NONE PC FOOD FOR THE NEEDY 5,000
    PIONEER HUMAN SERVICES
    7440 W MARGINAL WAY
    SEATTLE,WA98108     		NONE PC FAMILY SERVICES 5,000
    MOCKINGBIRD SOCIETY
    2100 24TH AVE SO SUITE 240
    SEATTLE,WA98144     		NONE PC YOUTH DEVELOPMENT 2,500
    STREET YOUTH MINISTRIES
    4540 15TH AVE NE
    SEATTLE,WA98105     		NONE PC YOUTH DEVELOPMENT 5,000
    YWCA SEATTLE
    1118 FIFTH AVE
    SEATTLE,WA98101     		NONE PC YOUTH DEVELOPMENT 10,000
    BREAD OF LIFE MISSION
    PO BOX 4276
    SEATTLE,WA98194     		NONE PC FOOD FOR THE NEEDY 10,000
    GAGE ACADEMY OF ART
    1501 10TH AVE E
    SEATTLE,WA98109     		NONE PC YOUTH DEVELOPMENT 5,000
    JET CITY IMPROV
    5510 UNIVERSITY WAY NE
    SEATTLE,WA98105     		NONE PC YOUTH DEVELOPMENT 3,000
    PHINNEY NEIGHBORHOOD ASSOCIATION
    6532 PHINNEY AVE NO
    SEATTLE,WA98103     		NONE PC COMMUNITY DEVELOPMENT 3,000
    HARVEST AGAINST HUNGER
    PO BOX 4098
    SEATTLE,WA98194     		NONE PC FOOD FOR THE NEEDY 5,000
    BALLARD FOOD BANK
    5130 LEARY AVE NW
    SEATTLE,WA98107     		NONE PC FOOD FOR THE NEEDY 5,000
    MERCY HOUSING NW
    2505 THIRD AVE SUITE 204
    SEATTLE,WA98118     		NONE PC HOUSING FOR THE NEEDY 5,000
    RECOVERY CAFE
    2022 BOREN AVE
    SEATTLE,WA98121     		NONE PC COMMUNITY ASSISTANCE 5,000
    WALLINGFORD COMMUNITY CENTER
    4649 SUNNYSIDE AVE NO
    SEATTLE,WA98103     		NONE PC COMMUNITY DEVELOPMENT 2,500
    CAPITAL HILL HOUSING FOUNDATION
    1620 - 12TH AVE 205
    SEATTLE,WA98122     		NONE PC RESIDENT SERVICES 3,000
    NEW BEGINNINGS
    PO BOX 75125
    SEATTLE,WA98125     		NONE PC YOUTH SERVICES 5,000
    OPERATION NIGHTWATCH
    PO BOX 21181
    SEATTLE,WA98111     		NONE PC STREET MINISTRY SUPPLIES 5,000
    PENNY'S PLACE
    12360 LAKE CITY WAY NE STE 420
    SEATTLE,WA98125     		NONE PC COMMUNITY SUPPLIES 4,000
    QUEEN ANNE HELPLINE
    311 W MCGRAW ST
    SEATTLE,WA98119     		NONE PC COMMUNITY SUPPLIES 5,000
    SOLID GROUND WASHINGTON
    1501 N 45TH
    SEATTLE,WA98103     		NONE PC BROADVIEW EMERGENCY SHELTER 5,000
    BACKPACK BRIGADE
    4111 E MADISON ST
    SEATTLE,WA98122     		NONE PC FOOD PROGRAM FOR CHILDREN 3,000
    HUNGER INTERVENTION PROGRAM
    3841 NE 123RD ST
    SEATTLE,WA98125     		NONE PC HEALTHY HIP PACKS PROGRAM 5,000
    NORTH HELPLINE
    12736 - 33RD AVE NE
    SEATTLE,WA98125     		NONE PC FOOD BANK OPERATIONS 5,000
    ARTSWEST
    4711 CALIFORNIA AVE SW
    SEATTLE,WA98116     		NONE PC MIND THE GAP - 3,000
    COYOTE CENTRAL
    2300 E CHERRY STREET
    SEATTLE,WA98122     		NONE PC STUDIO COYOTE SCHOLARSHIP 3,000
    FIFTH AVENUE THEATRE
    1308 - 5TH AVENUE
    SEATTLE,WA98101     		NONE PC RISING STAR PROJECT 3,000
    FREEHOLD STUDIOTHEATRE
    517 MAYNARD AVE SO
    SEATTLE,WA98104     		NONE PC ENGAGED THEATRE PROGRAM 2,000
    PONGO PUBLISHING
    4701 ADMIRAL WAY SW 308
    SEATTLE,WA98116     		NONE PC YOUTH DEVELOPMENT 3,000
    SEATTLE REPERTORY THEATRE
    155 MERCER STREET
    SEATTLE,WA98109     		NONE PC PUBLIC WORKS PROGRAM 3,000
    SEATTLE SHAKESPEARE COMPANY
    305 HARRISON ST
    SEATTLE,WA98109     		NONE PC EDUCATION & TOURING 3,000
    SEATTLE CHAMBER MUSIC SOCIETY
    601 UNION STREET SUITE 220
    SEATTLE,WA98101     		NONE PC 2021 VIRTUAL WINTER 5,000
    SEATTLE CHILDREN'S THEATRE ASSOC INC
    201 THOMAS ST
    SEATTLE,WA98109     		NONE PC COMMUNITY ENGAGEMENT 5,000
    TEENTIX
    305 HARRISON STREET
    SEATTLE,WA98109     		NONE PC PASS PROGRAM 2,500
    HISTORICAL SOCIETY OF SEATTLE &
    KING COUNTY
    860 TERRY AVE N
    SEATTLE,WA98109     		NONE PC MOHAI EDUCATION PROGRAMS 4,000
    TREEHOUSE
    2100 24TH AVENUE SOUTH
    SEATTLE,WA98144     		NONE PC GRADUATION SUCCESS - 5,000
    ASSISTANCE LEAGUE OF SEATTLE
    1415 N 45TH STREET
    SEATTLE,WA98103     		NONE PC OPERATIONS SCHOOL BELL 5,000
    ROOTS YOUNG ADULT SHELTER
    1415 NE 43RD STREET
    SEATTLE,WA98105     		NONE PC YOUTH DEVELOPMENT 5,000
    LAKE CITY PARTNERS ENDING HOMELESSNESS
    3120 NE 125TH STREET
    SEATTLE,WA98125     		NONE PC GEN OP FDS FOR OUR WINTER 5,000
    NEIGHBORHOOD HOUSE
    1225 S WELLER ST STE 510
    SEATTLE,WA98144     		NONE PC NEIGHBORHOOD HOUSE'S 5,000
    BYRD BARR PLACE
    722 18TH AVE
    SEATTLE,WA98122     		NONE PC COMMUNITY FOOD BANK & 2,000
    MARY'S PLACE
    PO BOX 1711
    SEATTLE,WA98111     		NONE PC FAMILY SAFETY 5,000
    REAL CHANGE HOMELESS EMPOWERMENT PROJECT
    219 1ST AVE S SUITE 220
    SEATTLE,WA98104     		NONE PC EMPLOYEMENT OPPORTUNITIES 2,500
    YOUTHCARE
    2500 NE 54TH ST
    SEATTLE,WA98105     		NONE PC YOUTH CARE 2,500
    REAL ESCAPE FROM THE SEX TRADE
    4215 RAINIER AVE S SUITE B
    SEATTLE,WA98118     		NONE PC THE EMPLOYMENT SUPPORT 5,000
    REFUGEE WOMEN'S ALLIANCE
    4008 MARTIN LUTHER KING JR WAY S
    SEATTLE,WA98108     		NONE PC HOME CARE AIDE TRAINING 5,000
    JUBILEE WOMEN'S CENTER
    620 18TH AVENUE E
    SEATTLE,WA98112     		NONE PC GENERAL OPERATING OF 5,000
    VALLEY CITIES COUNSELING & CONSULTATION
    325 WEST GOWE STREET
    KENT,WA98032     		NONE PC VALLEY CITIES SCHOOL BASED 2,500
    LOW INCOME HOUSING INSTITUTE
    1253 S JACKSON STREET SUITE A
    SEATTLE,WA98144     		NONE PC URBAN REST STOP - FREE 5,000
    Total .................................bullet 3a 292,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 132,867  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 96,195  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 1,327  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   230,389  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    230,389
    (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:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN TOWER CORP 5,738 18,189
    CHEVRON CORP COMMON STK 10,176 12,780
    COSTCO WHOLESALE CORP 2,927 12,335
    ECOLAB 2,876 15,338
    EOG RES INC 10,438 5,096
    MEDTRONIC PLC SHS 11,075 16,700
    JP MORGAN CHASE & CO 3,831 32,168
    MCDONALDS CORP 4,934 16,627
    MICROSOFT CORP 7,984 90,464
    PHILIP MORRIS INTL COM 7,445 11,948
    PROCTOR & GAMBLE CO 7,911 16,667
    VERIZON COMMUNICATIONS 9,701 16,425
    APPLE INC COM 6,806 79,176
    UNITEDHEALTH GROUP 781 8,340
    DISNEY COMPANY HOLDING CO 4,546 21,021
    UNITED PARCEL SERVICE CL B 5,828 12,400
    AMERICAN INTL GROUP COM 10,745 7,488
    MERCK & CO COM 15,465 26,975
    MONDELEZ INTL INC CL A 4,717 11,088
    GOLDMAN SACHS GROUP INC 17,429 25,761
    CISCO SYS INC 13,983 23,405
    ALPHABET INC CAP STK CL A 5,156 54,821
    ROYAL CARIBBEAN CRUISES LTD    
    WEC ENERGY GROUP INC COM 1,734 6,668
    APPLIED MATLS INC 5,732 26,587
    CITIGROUP INC COM 18,248 17,397
    DOLLAR TREE STORES 12,061 15,249
    FACEBOOK INC CL A 12,427 25,833
    FORTIVE CORP COM 1,754 9,912
    HUNT JB TRANS SVCS INC 7,942 10,773
    MASTERCARD INC-A 6,646 22,140
    LOWES COS INC 10,289 20,856
    ALLERGAN PLC SHS    
    APTIV PLC.COM 10,264 15,364
    BRISTOL MYERS SQUIBB CO 17,766 18,429
    COMCAST CORP-CL A 12,413 14,871
    CONSTELLATION BRANDS INC-A 9,016 10,547
    GILEAD SCIENCES INC    
    HALLIBURTON CO    
    HONEYWELL INTL INC 12,615 17,583
    HARTFORD FINL SVCS GROUP INC 8,745 7,203
    ANALOG DEVICES INC 3,972 12,670
    BERKSHIRE HATHAWAY B 24,244 28,484
    E TRADE FIN CORP COM    
    ELECTRONIC ARTS INC COMMON 12,803 17,900
    LILLY ELI & CO 17,393 31,196
    LINDE PLC COM 13,894 20,859
    UNDISCOVERED MGRS BEHAVL R6 75,312 77,369
    NORTHRUP GRUMMAN CORP 16,440 12,897
    O REILLY AUTOMOTIVE INC NEW 13,278 12,764
    PNC FINANCIAL SERVICES GROUP 6,846 7,176
    XILINX INC 9,158 13,057
    ABBOTT LABS COM 6,107 9,269
    AMAZON COM INC 28,112 48,093
    ANTHEM INC COM 10,654 11,879
    BOEING CO    
    EQUIFAX INC    
    ADOBE INC 9,443 9,175
    ALCON INC ORD SHS 6,305 7,171
    AMGEN INC 12,297 14,486
    AQR MANAGED FUTURES STRAT R6 34,386 27,496
    AQR STYLE PREMIA ALT CL R6 33,287 20,847
    CMS ENERGY CORP 11,849 11,376
    COCA-COLA CO 13,492 14,445
    DODGE & COX INTL 179,945 190,712
    DODGE & COX STOCK FD 152,064 154,986
    HARTFORD SCHRODERS EMRG MKT 55,000 66,228
    ISHARES GOLD TR 37,824 40,365
    ISHARES MSCI EAFE ETF 87,316 104,966
    ISHARES MSCI EMERGING MKT 33,772 47,979
    ISHARES TR HDG MSCI 26,244 30,490
    LAZARD EMERG MKTS INSTL 63,683 60,641
    MFS INTERNATIONAL GROWTH R6 117,753 196,305
    NATIXIS ASG MGD FUT CL N 50,796 49,135
    NUVEEN REAL EST SECS CL R6 52,513 57,057
    OTIS WORLDWIDE CORP 9,267 11,314
    SPDR S&P 500 ETF 449,308 629,119
    STANLEY BLACK & DECKER 7,920 8,675
    T ROWE PRICE GWTH STK 96,335 157,939
    TJX COS INC 8,203 9,606
    VANGUARD FTSE DEVELOPED MARKET 196,154 222,633
    VANGUARD FTSE EMRG MRKTS 54,916 62,016
    VANGUARD REAL ESTATE ETF 91,713 89,208
    VANGUARD SMALL CAP GR VIPERS 135,792 205,110
    VANGUARD SMALL CAP ETF 135,595 178,731
    VANGUARD SMALL CAP VAL INDEX 70,000 126,451
    WORKDAY INCCL A 8,894 14,789

    TY 2020 InvestmentsOtherSchedule2
    Name:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AQR EQUITY MARKET NEUTRAL I      
    DODGE & COX INTL STOCK FD      
    ISHARES MSCI EMERGING MKT IDX      
    LAZARD EMERG MKTS INSTL      
    MFS INTL GROWTH FD CL I      
    NUVEEN REAL EST SECS I      
    PIMCO HIGH YIELD INSTL AT COST 86,973 89,397
    PIMCO TOTAL RETURN INSTL AT COST 124,218 121,697
    ISHARES MSCI EAFE ETF      
    VNGRD SMALL-CAP VALUE INDEX      
    VNGRD ST TERM INVMT GRADE ADM AT COST 363,330 379,830
    ISHARES U.S. PREF STK ETF AT COST 74,349 71,915
    AQR MDG FUTURES STRATEGY CL      
    EATON VANCE EMER MKTS LOC AT COST 55,652 54,001
    EATON VANCE GLBL MACRO ABS R6 AT COST 79,619 80,840
    EATON VANCE FLTG RT & HI INCM AT COST 95,196 92,724
    PIMCO INCOME FUND INSTL AT COST 281,653 278,074
    SPDR S&P 500 ETF TR UNIT      
    VANGUARD FTSE DEVELOPED MKTS      
    EATON VANCE GLBL MACR ABSOL RE AT COST 53,656 52,917
    ISHARES TR HDG MSCI EAFE      
    ISHARES BROAD USD INV GRDE ETF AT COST 185,921 201,993
    BLACKSTONE ALTNV MLT STR FD CL      
    NATIXIS ASG MGD FUT STRAT CL Y      
    PRUDENTIAL TOTAL RTRN BD CL Q AT COST 156,287 160,031
    VANGUARD MID-CAP ETF      
    WESTERN ASSET MAC OPP IS FD AT COST 27,258 31,064
    AQR STYLE PRMIA ALT CL R6      
    BLACKROCK STRAT INC OPS CL K AT COST 55,675 57,406
    DODGE & COX STOCK FD AT COST 150,000 149,897
    T ROWE GWTH STK CL I FD      
    VANGUARD FTSE EMRG MKRTS ETF      
    VANGUARD SMALL-CAP ETF      
    VANGUARD ULT-S/T ADMIRAL FD AT COST 50,000 50,350
    VANGUARD SMALL CAP GR VIPERS      
    ISHARES CORE US AGGREGATE BD AT COST 84,604 85,050

    TY 2020 OtherExpensesSchedule
    Name:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 5,783 5,783   0


    TY 2020 OtherIncomeSchedule2
    Name:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 1,327 0  


    TY 2020 OtherIncreasesSchedule
    Name:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669
    Description Amount
    MUTUAL INCOME TIMING DIFFERENCE 665


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

    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    STATEMENT             0 %        

    TY 2020 TaxesSchedule
    Name:
    FALES FOUNDATION TRUST
    EIN:
    91-6087669
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES ON QUALIFIED FOR 1,706 1,706   0
    FOREIGN TAXES ON NONQUALIFIED 512 512   0