Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
RAVEN TRUST FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)999 THIRD AVENUE NO 3400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98104
A Employer identification number

91-1816037
B Telephone number (see instructions)

(206) 674-3000
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$62,735,665J 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... 518,243 518,243  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,609,024
b Gross sales price for all assets on line 6a 16,716,873
7 Capital gain net income (from Part IV, line 2)... 5,609,024
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -72,436 -42,613  
12 Total. Add lines 1 through 11........ 6,054,831 6,084,654  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,885 4,442   4,443
c Other professional fees (attach schedule).... Click to see attachment 144,000 108,000   36,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 162,695 151,349   11,348
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 315,580 263,791   51,791
25 Contributions, gifts, grants paid....... 2,252,750 2,252,750
26 Total expenses and disbursements. Add lines 24 and 25 2,568,330 263,791   2,304,541
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,486,501
b Net investment income (if negative, enter -0-) 5,820,863
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 651,569 1,697,055 1,697,055
2 Savings and temporary cash investments......... 3,723,059 2,677,822 2,677,822
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 11,580,696 Click to see attachment14,276,176 14,553,510
c Investments—corporate bonds (attach schedule)....... 7,457,774 Click to see attachment6,109,446 6,109,446
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 20,486,919 Click to see attachment26,693,861 37,496,698
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment201,134 Click to see attachment201,134 Click to see attachment201,134
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,101,151 51,655,494 62,735,665
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 44,101,151 51,655,494
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 44,101,151 51,655,494
30 Total liabilities and net assets/fund balances (see instructions). 44,101,151 51,655,494
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
44,101,151
2
Enter amount from Part I, line 27a .....................
2
3,486,501
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,067,842
4
Add lines 1, 2, and 3 ..........................
4
51,655,494
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
51,655,494
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 1 SHS OF SMARTSHEET P 2017-05-01 2020-01-06
b 10741 SHS OF SMARTSHEET P 2007-05-01 2020-12-30
c 11922.504 SHS OF VANGUARD ULTRA-SHORT-TERM BOND ADMIRAL P 2020-04-13 2020-10-01
d 12376.238 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-08-13
e 1261 SHS OF SMARTSHEET P 2014-04-01 2020-01-06
132382.892 SHS OF BAIRD SHORT TERM BD INST P   2020-05-05
1379 SHS OF SMARTSHEET P 2017-05-01 2020-01-06
140 SHS OF SMARTSHEET P 2016-11-01 2020-01-06
14851.485 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-08-28
14880.952 SHS OF VANGUARD ULTRA-SHORT-TERM BOND ADMIRAL P 2020-04-13 2020-11-11
15912.481 SHS OF VANGUARD ULTRA-SHORT-TERM BOND ADMIRAL P 2020-04-13 2020-07-01
16295 SHS OF ISHARES RUSSELL 1000 VALUE ETF P   2002-04-15
1830 SHS OF SMARTSHEET P 2014-04-01 2020-01-06
19860.973 SHS OF BAIRD ULTRA SHORT BD FD INST P 2020-02-13 2020-03-11
205 SHS OF SMARTSHEET P 2012-11-01 2020-01-06
205 SHS OF SMARTSHEET P 2012-11-01 2020-01-06
21112 SHS OF SMARTSHEET P 2007-05-01 2020-01-06
223 SHS OF REDFIN P 2005-07-01 2020-02-14
232 SHS OF AMAZON.COM INC P 1995-12-05 2020-02-19
240 SHS OF AMAZON.COM INC P 1995-12-05 2020-02-04
25075.226 SHS OF BAIRD ULTRA SHORT BD FD INST P   2020-04-01
2588 SHS OF SMARTSHEET P 2014-04-01 2020-01-06
259 SHS OF SMARTSHEET P 2017-05-01 2020-01-06
259 SHS OF SMARTSHEET P 2017-05-01 2020-01-06
26 SHS OF SMARTSHEET P 2016-11-01 2020-01-06
26 SHS OF SMARTSHEET P 2016-11-01 2020-01-06
27470 SHS OF SMARTSHEET P 2007-05-01 2020-01-06
29732.408 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-11-11
30120.482 SHS OF BAIRD ULTRA SHORT BD FD INST P 2020-02-13 2020-03-19
3389 SHS OF SMARTSHEET P 2010-09-01 2020-01-06
374 SHS OF SMARTSHEET P 2014-04-01 2020-12-30
3840 SHS OF SMARTSHEET P 2017-05-01 2020-01-06
391 SHS OF SMARTSHEET P 2016-11-01 2020-01-06
3964.321 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-12-16
458 SHS OF SMARTSHEET P 2009-01-01 2020-12-30
486 SHS OF SMARTSHEET P 2014-04-01 2020-01-06
486 SHS OF SMARTSHEET P 2014-04-01 2020-01-06
4950.495 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-09-11
49504.951 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-07-27
49554.014 SHS OF BAIRD ULTRA SHORT BD FD INST P 2020-01-24 2020-06-26
49603.175 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P   2020-12-29
5190 SHS OF SMARTSHEET P 2009-01-01 2020-12-30
530 SHS OF SMARTSHEET P 2012-11-01 2020-01-06
5333 SHS OF SMARTSHEET P 2007-05-01 2020-01-06
54288.135 SHS AQR EQUITY MARKET NEUTRAL I P   2020-11-20
6076 SHS OF SMARTSHEET P 2010-09-01 2020-01-06
6438 SHS OF SMARTSHEET P 2009-01-01 2020-01-06
6594 SHS OF REDFIN P 2005-07-01 2020-02-14
672 SHS OF SMARTSHEET P 2017-05-01 2020-01-06
68 SHS OF SMARTSHEET P 2016-11-01 2020-01-06
7211 SHS OF SMARTSHEET P 2014-04-01 2020-01-06
7440.476 SHS OF BAIRD ULTRA SHORT BD FD INST P 2020-01-24 2020-06-04
79217.148 SHS OF VANGUARD SHORT TERM INVESTMENT GRADE FUND ADMIRAL P   2020-05-05
8306.962 SHS OF INFINITY Q DIVERSIFIED ALPHA INST P 2019-11-08 2020-03-25
8424.182 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-12-03
84325.397 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P   2020-12-30
84830.339 SHS OF BAIRD ULTRA SHORT BD FD INST P   2020-04-02
95 SHS OF SMARTSHEET P 2016-11-01 2020-01-06
973 SHS OF SMARTSHEET P 2017-05-01 2020-01-06
9751 SHS OF SMARTSHEET P 2009-01-01 2020-01-06
987 SHS OF SMARTSHEET P 2014-04-01 2020-12-30
9910.803 SHS OF BAIRD ULTRA SHORT BOND INSTITUTIONAL P 2020-01-24 2020-10-16
99206.349 SHS OF BAIRD ULTRA SHORT BD FD INST P   2002-05-26
9925.558 SHS OF VANGUARD ULTRA-SHORT-TERM BOND ADMIRAL P 2020-04-13 2020-07-28
DISPOSAL OF LAZURE SCIENTIFIC, INC. P    
DISPOSAL OF QUADRANGLE (OFFSHORE) SELECT PARTNERS P    
DISPOSAL OF QUADRANGLE SELECT PARTNERS II P    
ELEVAR EQUITY II LP P    
EUCLIDEAN FUND I, L.P P    
EUCLIDEAN FUND I, L.P P    
FORTERRA STRONG COMMUNITIES FUND I LP P    
MADRONA III MANAGER FUND, LP P    
MADRONA IV MANAGER FUND, LP P    
MADRONA IV MANAGER FUND, LP P    
MADRONA V MANAGER FUND P    
MADRONA VENTURE FUND IV P    
MADRONA VENTURE FUND IV P    
MADRONA VENTURE FUND V P    
MADRONA VENTURE FUND VI P    
MADRONA VENTURE FUND VI P    
MADRONA VI MANAGER FUND, LP P    
MADRONA VI MANAGER FUND, LP P    
MADRONA VII MANAGER FUND, LP P    
OAK HILL CAPITAL PARTNERS III, LP P    
OCEAN AVENUE FUND III, LP P    
OCEAN AVENUE FUND III, LP P    
OWL VENTURES II, LP P    
OWL VENTURES II, LP P    
OWL VENTURES III, LP P    
QUADRANGLE SELECT PARTNERS II P    
THE MIRI STRATEGIC EMERGING MARKETS FUND LP P    
THE MIRI STRATEGIC EMERGING MARKETS FUND LP P    
VERDAD LEVERAGED COMPANY FUND, L.P. P    
VERDAD LEVERAGED COMPANY FUND, L.P. P    
CAPITAL GAINS DIVIDENDS P    
(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 37     37
b 375,839     375,839
c 239,975   237,620 2,355
d 124,985   124,629 356
e 53,779     53,779
1,299,985   1,289,305 10,680
51,583     51,583
5,804     5,804
149,985   149,555 430
299,975   296,583 3,392
319,975   317,142 2,833
1,704,483   1,056,202 648,281
78,046     78,046
199,985   200,005 -20
9,128     9,128
9,128     9,128
479,758     479,758
3,357     3,357
505,290   6 505,284
493,656   6 493,650
249,985   252,511 -2,526
110,373     110,373
9,688     9,688
9,688     9,688
1,078     1,078
1,078     1,078
626,801     626,801
299,985   299,407 578
299,985   303,321 -3,336
38,481     38,481
25,126     25,126
143,640     143,640
16,211     16,211
39,985   39,921 64
16,046     16,046
20,727     20,727
20,727     20,727
49,985   49,852 133
499,985   498,517 1,468
499,985   499,011 974
499,985   499,097 888
182,152     182,152
      0
121,189     121,189
402,260   619,642 -217,382
68,990     68,990
146,581     146,581
100,299     100,299
25,137     25,137
2,819     2,819
307,536     307,536
74,985   74,926 59
849,975   844,621 5,354
104,985   98,439 6,546
84,985   84,832 153
849,985   847,502 2,483
368,978   600,000 -231,022
3,939     3,939
36,396     36,396
222,012     222,012
66,308     66,308
99,985   99,802 183
999,985   1,001,579 -1,594
199,975   197,820 2,155
    236,954 -236,954
      0
      0
38,339     38,339
    45,685 -45,685
    42,955 -42,955
16,742     16,742
489,639     489,639
67,016     67,016
    23 -23
    98 -98
24,835     24,835
    9 -9
    26 -26
23,921     23,921
    249 -249
    903 -903
86,830     86,830
    78 -78
    72,345 -72,345
    701 -701
175,024     175,024
    13,957 -13,957
    1,462 -1,462
33,017     33,017
2,186     2,186
497,075     497,075
    29,824 -29,824
    24,734 -24,734
    55,993 -55,993
58,496     58,496
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       37
b       375,839
c       2,355
d       356
e       53,779
      10,680
      51,583
      5,804
      430
      3,392
      2,833
      648,281
      78,046
      -20
      9,128
      9,128
      479,758
      3,357
      505,284
      493,650
      -2,526
      110,373
      9,688
      9,688
      1,078
      1,078
      626,801
      578
      -3,336
      38,481
      25,126
      143,640
      16,211
      64
      16,046
      20,727
      20,727
      133
      1,468
      974
      888
      182,152
      0
      121,189
      -217,382
      68,990
      146,581
      100,299
      25,137
      2,819
      307,536
      59
      5,354
      6,546
      153
      2,483
      -231,022
      3,939
      36,396
      222,012
      66,308
      183
      -1,594
      2,155
      -236,954
      0
      0
      38,339
      -45,685
      -42,955
      16,742
      489,639
      67,016
      -23
      -98
      24,835
      -9
      -26
      23,921
      -249
      -903
      86,830
      -78
      -72,345
      -701
      175,024
      -13,957
      -1,462
      33,017
      2,186
      497,075
      -29,824
      -24,734
      -55,993
      58,496
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 5,609,024
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 80,910
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 80,910
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 80,910
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 63,329
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.............. 7 108,329
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 27,419
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet27,419 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTOM ALBERG Telephone no.bullet (206) 674-3000

    Located atbullet999 THIRD AVENUE SUITE 3400SEATTLEWA ZIP+4bullet98104
    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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    TOM A ALBERG PRESIDENT/TREASURER
    5.00     		0 0 0
    999 THIRD AVENUE SUITE 3400
    SEATTLE,WA98104
    JUDITH BECK VP/SECRETARY/TRUSTEE
    30.00     		0 0 0
    999 THIRD AVENUE SUITE 3400
    SEATTLE,WA98104
    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
    CLARIUS GROUP PROFESSIONAL SERVICES 144,000
    999 THIRD AVE SUITE 3050
    SEATTLE,WA98104
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    37,494,443
    b
    Average of monthly cash balances.......................
    1b
    3,578,439
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,517,140
    d
    Total (add lines 1a, b, and c).........................
    1d
    52,590,022
    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
    52,590,022
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    788,850
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    51,801,172
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,590,059
    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
    2,590,059
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    80,910
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    80,910
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,509,149
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,509,149
    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
    2,509,149
    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
    2,304,541
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,304,541
    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
    2,304,541
    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 2,509,149
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,828,648
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,304,541
    a Applied to 2019, but not more than line 2a 1,828,648
    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..... 475,893
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		2,033,256
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    TOM A ALBERG
    JUDITH BECK
    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.
    TOM A ALBERG
    JUDITH BECK
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALPHA SUPPORTED LIVING SERVICES
    16030 JUANITA-WOODINVILLE WAY NE
    BOTHELL
    BOTHELL,WA98011     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 25,250
    AMARA PARENTING AND ADOPTION SERVICES
    5907 MARTIN LUTHER KING JR WAY
    SOUTH SEATTLE
    SEATTLE,WA98118     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    ARBORETUM FOUNDATION
    UNIVERSITY OF WASHINGTON XD-10
    SEATTLE,WA98195     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    ARTSFUND (CCA)
    10 HARRISON STREET SUITE 200
    SEATTLE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 25,000
    BALLARD HIGH SCHOOL FOUNDATION
    PO BOX 17626
    SEATTLE,WA98107     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    BURKE MUSEUM
    4300 15TH AVE NE
    SEATTLE,WA98195     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    CASCADE PUBLIC MEDIAKCTS TELEVISION
    401 MERCER STREET
    SEATTLE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    CENTER FOR WOODEN BOATS
    1010 VALLEY STREET
    SEATTLE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    CHILDHAVEN
    316 BROADWAY
    SEATTLE,WA98122     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    CLASSICAL KING FM 981
    10 HARRISON STREET
    SEATTLE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 11,000
    COLUMBIA UNIVERSITY SCHOOL OF LAW
    435 WEST 116TH STREET
    NEW YORK,NY10027     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    DISCOVERY INSTITUTE
    208 COLUMBIA STREET
    SEATTLE,WA98104     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 15,000
    ENCOMPASS
    1407 BOALCH AVE NW
    NORTH BEND,WA98045     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    FARESTART
    1902 2ND AVENUE
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    FORTERRA NW
    901 FIFTH AVENUE SUITE 2200
    SEATTLE,WA98164     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000
    FRED HUTCHINSON CANCER RESEARCH CENTER
    PO BOX 19024
    SEATTLE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 113,000
    FRIENDS OF ODESSA BROWN CHILDREN'S CLINIC
    PO BOX 21001
    SEATTLE,WA98111     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000
    FRIENDS OF THE SAN JUANS
    PO BOX 1344
    FRIDAY HARBOR,WA98250     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    GLOBAL PARTNERSHIPS
    801 SECOND AVENUE 1300
    SEATTLE,WA98104     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    HARVARD CLUB OF SEATTLE
    1700 7TH AVENUE SUITE 116 317
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 500
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000
    HEDGEBROOK
    2197 MILLMAN ROAD
    LANGLEY,WA98260     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    HOPELINK
    16225 NE 87TH ST SUITE A-1
    REDMOND,WA980523536     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    HUGO HOUSE
    1634 11TH AVENUE
    SEATTLE,WA98122     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    ISLANDWOOD
    4450 BLAKELY AVENUE NORTHEAST
    BAINBRIDGE ISLAND,WA98110     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    JUVENILE DIABETES FOUNDATION
    1215 4TH AVE 1100
    SEATTLE,WA98161     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    LANDESA
    1424 FOURTH AVENUE SUITE 300
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    LANGSTON
    104 17TH AVENUE SOUTH
    SEATTLE,WA981442107     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    LONG LIVE THE KINGS
    1326 FIFTH AVENUE SUITE 450
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000
    MARY'S PLACE
    1830 9TH AVENUE PO BOX 1711
    SEATTLE,WA98111     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    MOCKINGBIRD SOCIETY
    2100 24TH AVENUE S STE240
    SEATTLE,WA98144     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    MUSEUM OF HISTORY & INDUSTRY
    2700 24TH AVENUE EAST
    SEATTLE,WA981122099     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    NATIONAL TROPICAL BOTANICAL GARDEN
    3530 PAPALINA ROAD
    KALAHEO,HI96741     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    NEW BEGINNINGS
    PO BOX 75125
    SEATTLE,WA98125     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    NORTHWEST AFRICAN AMERICAN MUSEUM
    2300 S MASSACHUSETTS ST
    SEATTLE,WA98144     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    OUR LADY OF THE ROCK
    PO BOX 425
    SHAW ISLAND,WA982860425     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
    999 3RD AVENUE
    SEATTLE,WA98104     		NONE POF GENERAL SUPPORT 1,450,000
    PACIFIC SCIENCE CENTER FOUNDATION
    200 SECOND AVENUE N
    SEATTLE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 50,000
    PAT GRANEY DANCE COMPANY
    1419 SOUTH JACKSON ST STUDIO 11
    SEATTLE,WA98144     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    PATH FOR GLOBAL HEALTH
    1455 NW LEARY WAY
    SEATTLE,WA98107     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000
    PATH WITH ART
    213 2ND AVE S
    SEATTLE,WA98104     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    PCC FARMLAND TRUST
    1402 3RD AVE 709
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    PLYMOUTH HOUSING GROUP
    2209 FIRST AVENUE
    SEATTLE,WA981211614     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000
    RAINIER SCHOLARS
    2100 24TH AVENUE S SUITE 210
    SEATTLE,WA98144     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 26,000
    RYTHER CHILD CENTER
    2400 NE 95TH STREET
    SEATTLE,WA98115     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000
    SALISH SEA EXPEDITIONS
    431 WATER STREET
    PORT TOWNSEND,WA98368     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000
    SEATTLE AQUARIUM SOCIETY
    1415 WESTERN AVENUE SUITE 505
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 205,000
    SEATTLE ART MUSEUM
    1300 FIRST AVENUE
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    SEATTLE CANCER CARE ALLIANCE
    825 EASTLAKE AVE E
    BELLEVUE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 15,000
    SEATTLE CHILDREN'S HOSPITAL
    4800 SAND POINT WAY NE
    SEATTLE,WA98105     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000
    SEATTLE FOUNDATION
    1200 FIFTH AVENUE SUITE 1300
    SEATTLE,WA981013132     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 15,000
    SEATTLE HUMANE SOCIETY
    13212 SE EASTGATE
    WAY BELLEVUE,WA98005     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    SEATTLE PARKS FOUNDATION
    860 TERRY AVENUE NORTH SUITE 117
    SEATTLE,WA98109     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 11,000
    SEATTLE PUBLIC LIBRARY FOUNDATION
    1000 4TH AVENUE
    SEATTLE,WA98104     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    SNOQUALMIE VALLEY PRESERVATION ALLIANCE
    4621 TOLT AVENUE
    SEATTLE,WA98014     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    STEWARDSHIP PARTNERS
    80 YESLER WAY SUITE 315
    SEATTLE,WA98104     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 35,000
    SWEDISH HOSPITAL MEDICAL CENTER FOUNDATION
    747 BROADWAY
    SEATTLE,WA98122     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    TEACH FOR AMERICA
    210 S HUDSON ST SUITE 307
    SEATTLE,WA98134     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000
    TEAM READ
    135 32ND AVENUE
    SEATTLE,WA98122     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    TECHNOLOGY ACCESS FOUNDATION
    3803 SOUTH EDMUNDS STREET
    SEATTLE,WA98118     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 22,000
    THE FIFTH AVENUE THEATER
    1326 5TH AVENUE SUITE 735
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    THE NATURE CONSERVANCY
    1917 FIRST AVENUE
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    TOWN HALL SEATTLE
    1119 8TH AVENUE
    SEATTLE,WA98101     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    TREEHOUSE
    2100 24TH AVENUE S SUITE 200
    SEATTLE,WA98144     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    TRUST FOR PUBLIC LAND PNW
    WATERFRONT PLACE BUILDING SUITE 605
    1011 WESTERN AVENUE
    SEATTLE,WA98104     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    UNITED WAY OF KING COUNTY
    720 SECOND AVENUE
    SEATTLE,WA98104     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 20,000
    UNIVERSITY OF IDAHO
    PO BOX 443150
    MOSCOW,ID838443150     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    UNIVERSITY OF WASHINGTON
    PO BOX 351210 401 ADMINISTRATION
    BUILDING AI- 10
    SEATTLE,WA981951210     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 12,000
    WASHINGTON STATE UNIVERSITY
    PO BOX 641925
    PULLMAN,WA991641925     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    WENATCHEE VALLEY COMMUNITY COLLEGE
    1300 5TH STREET
    WENATCHEE,WA98801     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000
    WOOD RIVER ABILITY PROGRAM
    PO BOX 2605
    KETCHUM,ID83340     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000
    WOODLAND PARK ZOO
    601 NORTH 59TH STREET
    SEATTLE,WA98103     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    WORLDREADERORG
    2030 1ST AVENUE SUITE 300
    SEATTLE,WA98121     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
    YEAR UP PUGET SOUND
    2607 2ND AVENUE
    SEATTLE,WA98121     		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 23,000
    Total .................................bullet 3a 2,252,750
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 518,243  
    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 5,609,024  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME FROM FLOW-THRU ENTITIES     		    14 16,603  
    bORDINARY INCOME - OAKHILL CAPITAL PARTNERS III   -6,163 14    
    cORDINARY INCOME - CSRHUB LLC     14 2,015  
    dORDINARY INCOME - MIRI STRATEGIC EMERGING MARKETS FUNF LP     14 -23,409  
    eORDINARY INCOME - OCEAN AVENUE FUND III, LP   -39,149 14 -4,471  
    fORDINARY INCOME - FORTERRA STRONG COMMUNITIES I LP   -1,114 14 -16,748  
    12 Subtotal. Add columns (b), (d), and (e).. -46,426 6,101,257 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,054,831
    (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:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,885 4,442   4,443

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
          		999 THIRD AVENUE SUITE 3050
    SEATTLE,WA98104     		2020-01-02 520,000 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 520,000   5/15/21 2021-05-15  
    OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
          		999 THIRD AVENUE SUITE 3050
    SEATTLE,WA98104     		2020-04-02 370,000 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 370,000   5/15/21 2021-05-15  
    OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
          		999 THIRD AVENUE SUITE 3050
    SEATTLE,WA98104     		2020-07-02 320,000 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 320,000   5/15/21 2021-05-15  
    OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
          		999 THIRD AVENUE SUITE 3050
    SEATTLE,WA98109     		2020-10-05 240,000 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 240,000   05/15/21 2021-05-15  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BOND FUNDS 6,109,446 6,109,446

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Name of Stock End of Year Book Value End of Year Fair Market Value
    IMPINJ, INC 804,700 804,700
    PUBLICLY TRADED SECURITIES 12,471,476 12,471,476
    SQN INVESTORS OFFSHORE FUND LTD 1,000,000 1,277,334

    TY 2020 InvestmentsOtherSchedule2
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CSRHUB LLC FMV 120,722 119,995
    ELEVAR EQUITY II LP FMV 108,770 279,951
    ELEVAR EQUITY III LP FMV 190,115 428,189
    EUCLIDEAN FUND I, LP. FMV 1,423,941 1,670,073
    FORTERRA STRONG COMMUNITIES I LP FMV 419,878 422,267
    LAVIEN OFFSHORE SELECT DISTRIBUTION HOLDINGS FMV 124,154 124,154
    MADRONA III MANAGER FUND LP FMV 450,277 987,747
    MADRONA IV MANAGER FUND LP FMV 434,292 1,558,086
    MADRONA V MANAGER FUND LP FMV 667,511 1,995,511
    MADRONA VENTURE FUND IV, LP FMV 185,737 620,591
    MADRONA VENTURE FUND V, LP FMV 205,544 542,178
    MADRONA VENTURE FUND VI, LP FMV 238,729 999,034
    MADRONA VI MANAGER FUND FMV 726,296 3,485,935
    MADRONA VII MANAGER FUND, LP FMV 797,443 1,811,304
    OAK HILL CAPITAL PARTNERS III LP FMV 86,159 222,916
    OCEAN AVENUE FUND III, LP FMV 1,549,696 1,591,407
    OCEAN AVENUE FUND IV, LP FMV 720,234 720,234
    ONE4ALL FMV 50,000 50,000
    OTHER INVESTMENTS FMV 11,580,929 11,580,929
    OWL VENTURES II FMV 354,042 483,929
    OWL VENTURES III, LP FMV 309,767 436,578
    OWL VENTURES IV, L.P. FMV 81,404 80,880
    OWL VENTURES OPPORTUNITY FUND I, L.P. FMV 189,543 191,574
    QUELLOS STRATEGIC PARTNERS INC FMV 2,480,071 3,226,832
    TEACHTOWN FMV 99,000 99,000
    THE MIRI STRATEGIC EMERGING MARKETS FUND LP FMV 1,533,845 1,946,422
    TRANSFORMATION CAPITAL FUND II, L.P. FMV 19,506 32,366
    VERAVANTI FMV 99,996 99,996
    VERDAD LEVERAGED COMPANY FUND, L.P. FMV 1,446,260 1,688,620

    TY 2020 OtherAssetsSchedule
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 201,134 201,134 201,134


    TY 2020 OtherExpensesSchedule
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO DEDUCTIONS FROM FLOW-THROUGH INVESTMENTS 111,335 111,335   0
    INVESTMENT INTEREST EXPENSE FROM FLOW-THROUGH INVESTMENT 3,582 3,582   0
    FOREIGN TAXES 25,083 25,083   0
    LICENSE & PERMITS 35 18   17
    OCEAN AVENUE FUND III, LP 22,037 11,019   11,019
    MISCELLANEOUS EXPENSES 454 227   227
    BANK SERVICE CHARGE 169 85   85


    TY 2020 OtherIncomeSchedule2
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM FLOW-THRU ENTITIES 16,603   16,603
    ORDINARY INCOME - OAKHILL CAPITAL PARTNERS III -6,163   -6,163
    ORDINARY INCOME - CSRHUB LLC 2,015 2,015 2,015
    ORDINARY INCOME - MIRI STRATEGIC EMERGING MARKETS FUNF LP -23,409 -23,409 -23,409
    ORDINARY INCOME - OCEAN AVENUE FUND III, LP -43,620 -4,471 -43,620
    ORDINARY INCOME - FORTERRA STRONG COMMUNITIES I LP -17,862 -16,748 -17,862


    TY 2020 OtherIncreasesSchedule
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Description Amount
    UNREALIZED GAIN (LOSS) 4,067,842


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    RAVEN TRUST FUND
    EIN:
    91-1816037
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 108,000 108,000   0
    OPERATING FEES 36,000 0   36,000