TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
WAYNE D KUNI AND JOAN E KUNI FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)500 E BROADWAY STREET NO 490
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
VANCOUVER, WA98660

A Employer identification number

81-5181832

B Telephone number (see instructions)

(360) 663-5864

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$136,220,619J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,934,240
2	Check .............
3	Interest on savings and temporary cash investments	7,475		7,475
4	Dividends and interest from securities...	1,434,255		1,641,210
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,846,801
b	Gross sales price for all assets on line 6a 19,710,809
7	Capital gain net income (from Part IV, line 2)...			3,931,917
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).......		459,849	218,931
12	Total. Add lines 1 through 11........	7,682,620		5,799,533
13	Compensation of officers, directors, trustees, etc.	244,503		0	244,503
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		132,428	0	132,428
b	Accounting fees (attach schedule).......		64,322	28,945	32,161
c	Other professional fees (attach schedule)....		883,963	214,031	669,932
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		112,078	12,384	21,730
19	Depreciation (attach schedule) and depletion...		4,212	0
20	Occupancy..............	42,665		0	42,665
21	Travel, conferences, and meetings.......	4,917		0	4,917
22	Printing and publications..........
23	Other expenses (attach schedule).......		51,187	891,478	48,294
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,540,275		1,146,838	1,196,630
25	Contributions, gifts, grants paid.......	3,733,438			3,733,438
26	Total expenses and disbursements. Add lines 24 and 25	5,273,713		1,146,838	4,930,068
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,408,907
b	Net investment income (if negative, enter -0-)			4,652,695
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	347,270	781,717	781,717
	2	Savings and temporary cash investments.........	4,596,000	5,466,988	5,466,988
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........		357	357
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	78,434,638	85,442,358	85,442,358
	c	Investments—corporate bonds (attach schedule).......	12,483,436	16,941,276	16,941,276
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	22,193,071	26,764,216	26,764,216
	14	Land, buildings, and equipment: basis 29,483
		Less: accumulated depreciation (attach schedule) 12,285	21,410	17,198	17,198
	15	Other assets (describe )	6,509	806,509	806,509
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	118,082,334	136,220,619	136,220,619
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	118,082,334	136,220,619
	29	Total net assets or fund balances (see instructions).....	118,082,334	136,220,619
	30	Total liabilities and net assets/fund balances (see instructions).	118,082,334	136,220,619

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

118,082,334

Enter amount from Part I, line 27a .....................

2,408,907

Other increases not included in line 2 (itemize) bullet

15,729,378

Add lines 1, 2, and 3 ..........................

136,220,619

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

136,220,619

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		2020-01-01	2020-12-31
b	ALTERNATIVE INVESTMENTS	P	2020-01-01	2020-12-31
c	CAPITAL GAINS DIVIDENDS	P	2020-01-01	2020-12-31
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	17,145,193	16,864,008	281,185
b	1,085,116		1,085,116
c	2,565,616		2,565,616
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			281,185
b			1,085,116
c			2,565,616
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	3,931,917
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	64,672
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	64,672
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	64,672
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	63,323
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	45,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	108,323
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	17
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	43,634
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax43,634	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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 Click to see attachment

.................

Yes

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.KUNIFOUNDATION.ORG

The books are in care of bullet

ANGELA HULT Telephone no. bullet

(360) 663-5864

Located at bullet

500 E BROADWAY STREET SUITE 490VANCOUVERWA ZIP+4 bullet

98660

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
GREG GOODWIN	BOARD CHAIR 5.00	45,000
500 E BROADWAY STREET VANCOUVER,WA98660	BOARD CHAIR 5.00	45,000
CAROLYN MILLER	VICE CHAIR THROUGH FEB 2020 2.00	0
500 E BROADWAY STREET VANCOUVER,WA98660	VICE CHAIR THROUGH FEB 2020 2.00	0
SEAN KUNI	SECRETARY 2.00	37,500
500 E BROADWAY STREET VANCOUVER,WA98660	SECRETARY 2.00	37,500
RICHARD MELCHING	TREASURER THROUGH MAR 2020 2.00	1,359
500 E BROADWAY STREET VANCOUVER,WA98660	TREASURER THROUGH MAR 2020 2.00	1,359
ANGELA HULT	PRESIDENT 40.00	143,144
500 E BROADWAY STREET VANCOUVER,WA98660	PRESIDENT 40.00	143,144
JOHN HUNTER	BOARD MEMBER 2.00	17,500
500 E BROADWAY STREET VANCOUVER,WA98660	BOARD MEMBER 2.00	17,500

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...................				0

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
METROPOLITAN GROUP LLC	ORGANIZATIONAL CONSULTING	643,455
519 SW THIRD AVE SUITE 700 PORTLAND,OR97204	ORGANIZATIONAL CONSULTING	643,455
SELLWOOD CONSULTING LLC	INVESTMENT MANAGEMENT	124,279
6650 SW REDWOOD LN SUITE 370 PORTLAND,OR97224	INVESTMENT MANAGEMENT	124,279
JAMES R MARTIN CONSULTING INC	INVESTMENT MANAGEMENT	89,751
1111 MAIN ST SUITE 612 VANCOUVER,WA98660	INVESTMENT MANAGEMENT	89,751
STOEL RIVES LLP	LEGAL	83,795
760 SW NINTH AVE SUITE 3000 PORTLAND,OR97205	LEGAL	83,795

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	A NO INTEREST LOAN WAS MADE TO NEXT STEP STRATEGIES INC FOR CONSTRUCTION COSTS FOR NEXT STEP VILLAGE, A CONGREGANT, SUPPORTED COMMUNITY LOCATED IN CLACKAMAS, OREGON THAT INCLUDES A RANGE OF HOUSING OPTIONS, WITH A PORTION OF THE UNITS DESIGNATED FOR ADULTS WHO EXPERIENCE INTELLECTUAL DISABILITIES AND SENSORY CHALLENGES	800,000
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

800,000

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

86,313,951

Average of monthly cash balances.......................

6,214,806

Fair market value of all other assets (see instructions)................

26,764,217

Total (add lines 1a, b, and c).........................

119,292,974

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

119,292,974

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

1,789,395

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

117,503,579

Minimum investment return. Enter 5% of line 5..................

5,875,179

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.)

Minimum investment return from Part X, line 6....................

5,875,179

Tax on investment income for 2020 from Part VI, line 5......

64,672

Income tax for 2020. (This does not include the tax from Part VI.)...

32,680

Add lines 2a and 2b............................

97,352

Distributable amount before adjustments. Subtract line 2c from line 1............

5,777,827

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

5,777,827

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

5,777,827

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

4,930,068

Program-related investments—total from Part IX-B..................

800,000

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

5,730,068

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

5,730,068

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)

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					5,777,827
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......	15,891
b From 2016......	62,426,866
c From 2017......	1,719,587
d From 2018......
e From 2019......	50,782
fTotal of lines 3a through e........		64,213,126
4Qualifying distributions for 2020 from Part
XII, line 4: $ 5,730,068
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.....					5,730,068
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		47,759			47,759
(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		64,165,367
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 ......		64,165,367
10 Analysis of line 9:
a Excess from 2016....	62,394,998
b Excess from 2017....	1,719,587
c Excess from 2018....
d Excess from 2019....	50,782
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

SEE WEBSITE FOR MOST CURRENT INFO
500 E BROADWAY STREET SUITE 490
VANCOUVER,WA98660
(360) 213-0937

bThe form in which applications should be submitted and information and materials they should include:

SEE WEBSITE FOR MOST CURRENT INFO WWW.KUNIFOUNDATION.ORG

cAny submission deadlines:

SEE WEBSITE FOR MOST CURRENT INFO WWW.KUNIFOUNDATION.ORG

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE WEBSITE FOR MOST CURRENT INFO WWW.KUNIFOUNDATION.ORG

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COMMUNITY FOUNDATION FOR SOUTHWEST WASHINGTON 610 ESTHER ST SUITE 201 VANCOUVER,WA98660		PC	GENERAL SUPPORT	3,722,438
EDWARDS CENTER INC 4375 SW EDWARDS PL ALOHA,OR97078		PC	GENERAL SUPPORT	5,000
NORTHWEST DOWN SYNDROME ASSOCIATION 11611 NE AINSWORTH CIR SUITE 321 PORTLAND,OR97220		PC	GENERAL SUPPORT	5,000
COMMUNITY FOUNDATION FOR SOUTHWEST WASHINGTON 610 ESTHER ST SUITE 201 VANCOUVER,WA98660		PC	COVID-19 RELIEF FUND	1,000
Total ................................. 3a				3,733,438

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	7,475
4 Dividends and interest from securities....	441100	120,813	14	1,313,442
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 ............	901101	227,059	18	2,619,742
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aTAX REFUND			01	459,623
bMISCELLANOUS INVESTMENT INCOME			01	226
cALTERNATIVE INVESTMENTS	901101	-131,271	14	131,271
d
e
12 Subtotal. Add columns (b), (d), and (e)..		216,601		4,531,779	0

13Total. Add line 12, columns (b), (d), and (e)..................

4,748,380

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	64,322	28,945		32,161

- TIN:

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

TY 2020 DepreciationSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

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
FURNITURE & EQUIPMENT	2018-01-31	29,483	8,073	SL	7.000000000000	4,212	0

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PIMCO DIVERSIFIED INCOME	1,932,613	1,932,613
DOUBLELINE CORE FIXED	5,726,642	5,726,642
SCHWAB SHORT-TERM BOND	3,661,198	3,661,198
SCHWAB US AGGREGATE BOND	3,969,698	3,969,698
VANGUARD ULTRA-SHORT-TER	1,651,125	1,651,125

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Name of Stock	End of Year Book Value	End of Year Fair Market Value
LANDSTAR SYS INC	29,625	29,625
THIRD AVENUE REAL ESTATE	2,716,692	2,716,692
MILLER HERMAN INC	28,527	28,527
METHODE ELECTRONICS	50,223	50,223
MEDPACE HOLDINGS INC	35,914	35,914
MEDNAX INC	24,540	24,540
MEDIFAST INC	19,634	19,634
MASTEC INC	29,454	29,454
LUMINEX CORP DEL	13,386	13,386
LUMENTUM HOLDINGS INC	33,559	33,559
U S PHYSICAL THERAPY	45,214	45,214
MONRO INC	12,526	12,526
LITHIA MOTORS INC	43,901	43,901
LA-Z-BOY INC	27,091	27,091
UFP INDS INC	29,997	29,997
LAKELAND FINL	18,485	18,485
L H C GROUP	36,051	36,051
JOHCM INTL SLCT FD CL I	9,388,399	9,388,399
J2 GLOBAL INC	30,870	30,870
J & J SNACK FOOD COR	13,362	13,362
IROBOT CORP	30,992	30,992
INSTEEL INDUSTRIES	15,366	15,366
SUPERNUS PHARMA	34,570	34,570
LEMAITRE VASCULAR	36,248	36,248
N V E CORP	12,528	12,528
NATUS MEDICAL INC	21,242	21,242
NEOGEN CORP	38,143	38,143
TANDEM DIABETES CARE	23,155	23,155
TETRA TECH INC	42,375	42,375
SLEEP NUMBER CORP	42,322	42,322
SITEONE LANDSCAPE SUPPLY	22,208	22,208
SHAKE SHACK	33,149	33,149
SEMTECH CORP	41,740	41,740
SEGALL BRYANT & HAMILL	2,200,008	2,200,008
SCHWAB S&P 500 INDEX FD	4,041,460	4,041,460
SCHWAB INTL INDEX FUND	1,143,139	1,143,139
SCHWAB FUNDAMENTAL US	11,735,075	11,735,075
ROGERS CORP	21,119	21,119
RADNET INC	18,376	18,376
R B C BEARINGS INC	37,061	37,061
QUAKER CHEMICAL CORP	27,873	27,873
PRIMECAP ODYSSEY GROWTH	11,552,233	11,552,233
PHOTRONICS INC	19,418	19,418
PHIBRO ANIMAL HEALTH	18,740	18,740
PERFICIENT INC	27,542	27,542
PENNANT GROUP INC	16,547	16,547
ONTO INNOVATION INC	46,599	46,599
OMNICELL INC	38,886	38,886
O S I SYSTEMS INC	14,636	14,636
NIC INC	22,885	22,885
IES HLDGS INC	26,933	26,933
HOPE BANCORP INC	12,819	12,819
II-VI INC	59,401	59,401
HARDING LOEVNER GLOBAL	8,580,339	8,580,339
HEALTHCARE SVC GROUP	38,047	38,047
VIRTUSA CORP	35,331	35,331
CHAMPLAIN SMALL COMPANY	3,162,112	3,162,112
CENTURY COMMUNITIES	20,489	20,489
CAUSEWAY INTERNATIONAL	8,270,707	8,270,707
CASEYS GEN STORES	31,259	31,259
CA WATER SERVICE GRP	13,291	13,291
VISHAY PRECISION GRP	16,873	16,873
WD-40 CO	46,228	46,228
BOISE CASCADE CO	19,263	19,263
COHERUS BIOSCIENCES	19,396	19,396
AXON ENTERPRISE INC	29,040	29,040
AMERN EAGLE OUTFITRS	15,916	15,916
AMEDISYS INC	34,906	34,906
ALBANY INTL CO	20,631	20,631
ADDUS HOMECARE CORP	25,174	25,174
ACI WORLDWIDE INC	16,410	16,410
WESBANCO INC	16,688	16,688
WOLVERINE WORLD WIDE	31,313	31,313
ZYNEX INC	13,002	13,002
1ST FINL BANKSH	31,038	31,038
AMN HEALTHCARE SRVCS	39,517	39,517
COMFORT SYSTEMS USA	25,645	25,645
CMC MATLS INC	21,787	21,787
CORCEPT THERAPEUTICS	27,677	27,677
HAEMONETICS CORP	54,744	54,744
H M S HOLDINGS CORP	22,454	22,454
GREEN DOT INC	20,367	20,367
GRANDEUR PEAK EMRG MKTS	2,730,410	2,730,410
GQG PARTNERS EMRG MKTS	3,706,812	3,706,812
GLOBUS MEDICAL INC	36,980	36,980
GLACIER BANK KALISPELL M	36,210	36,210
GENTHERM INC	31,632	31,632
FIVE BELOW	36,396	36,396
EXPONENT INC	20,797	20,797
COMPUTER PROGRMS&SYS	13,930	13,930
ENSIGN GROUP INC	69,274	69,274
EVERCORE INC	13,047	13,047
EMCOR GROUP INC	43,992	43,992
VANGUARD FTST EMERGING	2,737,108	2,737,108
DRIL QUIP	6,576	6,576
DORMAN PRODUCTS INC	23,528	23,528
DODGE & COX GLOBAL STK	9,290,840	9,290,840
DIODES INC	37,577	37,577
CRACKER BARREL OLD COUNT	12,005	12,005
VANGUARD EXTENDED	1,761,856	1,761,856
T T E C HOLDINGS INC	31,506	31,506

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
THE HIGHCLERE INTERNATIONAL INVESTORS	FMV	5,630,668	5,630,668
SPUR VENTURES V LP	FMV	1,451,638	1,451,638
PDX PHARMACEUTICALS	FMV	3,500,000	3,500,000
MONMOUTH REAL EST	FMV	12,574	12,574
LTC PROPERTIES INC	FMV	8,443	8,443
KANE 1 LLC	FMV	8,205	8,205
ENDEAVOUR ASSOCIATES FUND VII LP	FMV	659,294	659,294
EASTERLY GOVT PPTYS	FMV	12,299	12,299
CORESITE REALTY CORP	FMV	24,304	24,304
CITY OFFICE REIT INCO	FMV	10,073	10,073
BPEA V LP	FMV	1,324,997	1,324,997
BPEA IV LP	FMV	3,745,423	3,745,423
ACCRUED INTEREST	FMV	725	725
ABRY PARTNERS IX LP	FMV	2,039,613	2,039,613
ABRY ADVANCED SECURITIES FUND IV LP	FMV	1,914,198	1,914,198
SPUR VENTURES VI LP	FMV	5,939,435	5,939,435
KEI HOLDING COMPANY	FMV	482,327	482,327

- TIN:

TY 2020 LandEtcSchedule2

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
FURNITURE & EQUIPMENT	29,483	12,285	17,198

- TIN:

TY 2020 LegalFeesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	132,428	0		132,428

- TIN:

TY 2020 OtherAssetsSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ART	6,509	6,509	6,509
PROGRAM-RELATED INVESTMENTS	0	800,000	800,000

- TIN:

TY 2020 OtherExpensesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE EXPENSE	1,160	0	1,160
INSURANCE	2,893	0	0
DUES AND SUBSCRIPTIONS	3,626	0	3,626
ALTERNATIVE INVESTMENT EXPENSES	0	891,478	0
IT SUPPORT	4,274	0	4,274
SPONSORSHIP	31,325	0	31,325
ADVERTISING	7,589	0	7,589
MISCELLANEOUS	320	0	320

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ALTERNATIVE INVESTMENTS	0	218,705	0
TAX REFUND	459,623		459,623
MISCELLANOUS INVESTMENT INCOME	226	226	226

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Amount
UNREALIZED GAIN FROM INVESTMENTS	7,655,940
TRANSFER FROM TRUST PURSUANT TO DISSOLUTION	8,073,438

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	214,031	214,031		0
CONSULTING	669,932	0		669,932

- TIN:

TY 2020 TaxesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FOREIGN TAX	0	12,384	0
EXCISE TAXES	90,348	0	0
PAYROLL TAXES	21,730	0	21,730