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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
GARNEAU NICON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)249 MAIN AVE S SUITE 107PMB 363
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTH BEND, WA98045
A Employer identification number

27-5137452
B Telephone number (see instructions)

(425) 292-9477
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$15,656,191J 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) 1,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 823 823  
4 Dividends and interest from securities... 106,240 106,240  
5a Gross rents............ 41,882 41,882  
b Net rental income or (loss) 41,882
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 1,148,945 148,945  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 67,000 58,500   8,500
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 15,150 7,575   7,575
c Other professional fees (attach schedule).... Click to see attachment 25,295 20,015   4,054
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,813 191   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 57,786 0  
20 Occupancy.............. 8,138 1,003   7,135
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 108,960 60,396   48,564
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 314,142 147,680   75,828
25 Contributions, gifts, grants paid....... 81,150 81,150
26 Total expenses and disbursements. Add lines 24 and 25 395,292 147,680   156,978
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 753,653
b Net investment income (if negative, enter -0-) 1,265
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 6,554,443 779,697 779,697
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)....... 1,009,569 Click to see attachment3,114,027 3,138,151
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment507,364 505,891
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,939,714 Click to see attachment7,283,317 8,723,824
14 Land, buildings, and equipment: basis bullet2,624,054
Less: accumulated depreciation (attach schedule) bullet116,656 1,922,401 Click to see attachment2,507,398 2,507,398
15 Other assets (describe bullet) Click to see attachment1,477 Click to see attachment1,230 Click to see attachment1,230
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,427,604 14,193,033 15,656,191
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........... 13,427,604 14,193,033
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)..... 13,427,604 14,193,033
30 Total liabilities and net assets/fund balances (see instructions). 13,427,604 14,193,033
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
13,427,604
2
Enter amount from Part I, line 27a .....................
2
753,653
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
11,776
4
Add lines 1, 2, and 3 ..........................
4
14,193,033
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
14,193,033
Form 990-PF (2021)
Form 990-PF (2021)
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 18
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 18
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 17,120
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,120
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 17,102
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet17,102 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GARNEAUNICONFF.ORG
    14
    The books are in care ofbulletLACEY NORMAN-STARNS Telephone no.bullet (425) 292-9477

    Located atbullet249 MAIN AVE S SUITE 107PMB 363NORTH BENDWA ZIP+4bullet98045
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    Yes
     
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    LEEANNA SHAW CHAIRMAN
    30.00     		0 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    LARRY SHAW PRESIDENT
    3.00     		0 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    ROY SCHIFERL VICE PRESIDENT
    3.00     		0 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    LACEY NORMAN-STARNS TREASURER
    30.00     		65,000 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    JOYCE SCHIFERL SECRETARY
    3.00     		0 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    CHRIS ANDERSON DIRECTOR
    3.00     		0 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    NICK AADLAND DIRECTOR
    3.00     		0 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    KARLI NORMAN-ALLEMAND DIRECTOR
    3.00     		2,000 0 0
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    1,442,213
    b
    Average of monthly cash balances.......................
    1b
    3,900,182
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,723,823
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,066,218
    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
    14,066,218
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    210,993
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,855,225
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    692,761
    Part X
    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 IX, line 6..................
    1
    692,761
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    18
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    692,743
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    692,743
    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 XII, line 1 ...
    7
    692,743
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 692,743
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 1,076,691
    b From 2017...... 1,004,780
    c From 2018...... 436,322
    d From 2019...... 504,852
    e From 2020...... 596,787
    f Total of lines 3a through e ........ 3,619,432
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 156,978
    a Applied to 2020, 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 2021 distributable amount..... 156,978
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 535,765 535,765
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,083,667
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		540,926
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,542,741
    10 Analysis of line 9:
    a Excess from 2017.... 1,004,780
    b Excess from 2018.... 436,322
    c Excess from 2019.... 504,852
    d Excess from 2020.... 596,787
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LEEANNA SHAW
    249 MAIN AVE S SUITE 107PMB 363
    NORTH BEND,WA98045
    (425) 292-9477
    INFO@GARNEAUNICONFF.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD BE SUBMITTED USING THE APPLICABLE ORGANIZATION/GROUP APPLICATION OR INDIVIDUAL GRANT APPLICATION FORM.
    cAny submission deadlines:
    GRANTS MAY BE SUBMITTED BETWEEN FEBRUARY 1ST - MARCH 31ST.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    STARTING IN 2020, THE GARNEAU NICON FAMILY FOUNDATION WILL HAVE ONE GRANT CYCLE PER YEAR. GRANTS MAY BE SUBMITTED BETWEEN FEBRUARY 1ST - MARCH 31ST. ANY APPLICATIONS RECEIVED BEFORE FEBRUARY 1ST, OR AFTER MARCH 31ST, WILL NOT BE CONSIDERED. DUE TO THE LARGE VOLUME OF APPLICATIONS, ORGANIZATIONS/INDIVIDUALS THAT ARE AWARDED A GRANT MAY NOT APPLY FOR A GRANT IN CONSECUTIVE GRANT CYCLES. IF YOU APPLY AND WERE AWARDED A GRANT IN THE PREVIOUS YEAR, YOUR APPLICATION WILL NOT BE CONSIDERED.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    MT SI LACROSSE CLUB
    PO BOX 1473
    NORTH BEND,WA98045     		NONE PC SCHOLARSHIPS FOR KIDS WHO CAN'T AFFORD TO PLAY 5,150
    SEATTLE POLICE FOUNDATION
    PO BOX 456
    SEATTLE,WA98111     		NONE PC GENERAL OPERATING 10,000
    SNOQUALMIE VALLEY EVERGREENS
    42911 SE 176TH ST
    NORTH BEND,WA98045     		NONE PC PROJECT SUPPORT 6,000
    WILDCAT BOOSTERS
    PO BOX 412
    SNOQUALMIE,WA98065     		NONE PC GENERAL OPERATING FOR SCHOOL SPORTS AND CLUBS 60,000
    Total .................................bullet 3a 81,150
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 823  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 41,882  
    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 ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 148,945 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    148,945
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    GARNEAU NICON FAMILY FOUNDATION
     
    Employer identification number

    27-5137452
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    GARNEAU NICON FAMILY FOUNDATION
          		Employer identification number
    27-5137452
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ESTATE OF FAYE MARGARET GARNEAU
    41220 SE 123RD ST
     
    NORTH BEND, WA98045

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    GARNEAU NICON FAMILY FOUNDATION
          		Employer identification number

    27-5137452
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    GARNEAU NICON FAMILY FOUNDATION
          		Employer identification number

    27-5137452
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 15,150 7,575   7,575

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    TY 2021 DepreciationSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    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
    NORTH BEND BUILDING 2019-10-04 1,750,680 56,111 SL 39.000000000000 44,889 0    
    ORGANIZATION COSTS 2012-01-01 3,700 2,223 SL 15.000000000000 247 0    
    228 REMODEL-J-3 CONTRACTING 2020-06-30 77,806 998 SL 39.000000000000 1,995 0    
    228 REMODEL-EXCEPTIONAL SERVICE 2020-06-30 34,035 436 SL 39.000000000000 873 0    
    228 REMODEL-CITY OF NORTH BEND 2020-06-08 1,149 17 SL 39.000000000000 29 0    
    228 REMODEL-LARRY SHAW 2020-06-30 19,455 249 SL 39.000000000000 499 0    
    228 REMODEL-PAVRIK SHAHIJANI 2020-02-25 3,100 66 SL 39.000000000000 79 0    
    228 REMODEL-KRUGER ARCHITECTURE 2020-06-30 34,660 444 SL 39.000000000000 889 0    
    228 REMODEL-DAVE MORGAN 2020-06-04 10,000 150 SL 39.000000000000 256 0    
    228 REMODEL-TRISTAN NORMAN-JOHNSON 2020-08-26 800 7 SL 39.000000000000 21 0    
    228 REMODEL - NW ROOFCARE 2020-06-26 49,833 639 SL 39.000000000000 1,278 0    
    228 REMODEL - EXCEPTIONAL SERVICE 2021-12-30 35,850   SL 39.000000000000 0 0    
    228 REMODEL - KRUGER 2021-03-22 10,620   SL 39.000000000000 204 0    
    228 REMODEL - DAVE MORGAN 2021-05-21 32,780   SL 39.000000000000 490 0    
    228 REMODEL - STS CONSTRUCTION 2021-08-03 499,865   SL 39.000000000000 5,340 0    
    228 REMODEL - LARRY SHAW 2021-06-30 28,912   SL 39.000000000000 371 0    
    228 REMODEL - CIR ELECTRIC 2021-04-17 4,543   SL 39.000000000000 78 0    
    228 REMODEL - EJMIN SHAHIJANI 2021-04-20 5,290   SL 39.000000000000 90 0    
    228 REMODEL - LACEY STARNS 2021-07-08 763   SL 39.000000000000 10 0    
    228 REMODEL - ANCHOR BLINDS 2021-09-01 5,781   SL 39.000000000000 49 0    
    228 REMODEL - GRAYBEAL (SIGN) 2021-11-12 8,044   SL 39.000000000000 34 0    
    228 REMODEL - THE WELDING SHOP 2021-10-05 10,088   SL 39.000000000000 65 0    

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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    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
    LISTEN & TALK FOUNDATION
          		8610 8TH AVE NE
    SEATTLE,WA98115     		2020-03-21 10,000 THE FOUNDATION PROVIDES GRANT FUNDS TO PROVIDE ASSISTANCE TO THE LISTEN & TALK FOUNDATION. THE FUNDS ARE USED TO SUPPORT THEIR SERVICES. THE REQUESTED GRANT WILL HELP SPECIALLY TRAINED STAFF TEACH FAMILIES HOW TO MAKE SOUND AND SPOKEN LANGUAGE MEANINGFUL FOR THEIR CHILD. 10,000 NO FUNDS HAVE BEEN DIVERTED TO ANY OTHER PURPOSE     GRANTEE IS A CALENDAR YEAR TAXPAYER THAT RECEIVED FUNDS IN 2020. AS SUCH, NO REPORT IS DUE UNTIL MARCH 15, 2021. GRANTEE PROVIDED THE REPORT IN JANUARY 2021 AND AFFIRMATIVE VERIFICATION OF THE REPORT WAS MADE.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GRIFFIN INSTL ACCESS CREDIT FUND CL I 507,364 505,891

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FIRST TR EXCHANGE TRADED FD VI 389,570 422,036
    GLOBAL X FDS US PFD ETF 375,004 370,300
    INNOVATOR ETFS TR S&P INVT GRD PFD 376,578 368,796
    INVESCO EXCH TRADED FD TR II PFD ETF 156,735 153,975
    ISHARES SELECT DIVIDEND ETF 282,490 294,829
    ISHARES TR INTL SEL DIV ETF 125,692 121,602
    VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT 92,707 90,632
    VANGUARD WHITEHALL FDS HIGH DIV YLD 219,824 232,628
    WISDOMTREE TR US SMALLCAP DIVD 95,711 100,059
    ISHARES CORE US AGGREGATE BOND ETF 250,174 246,413
    ISHARES TR USD INV GRDE ETF 62,380 61,234
    ISHARES TR HIGH YLD BD FCTR 218,443 216,394
    VANECK ETF TRUST CEF MUNI INCOME 406,294 397,338
    WISDOMTREE TR US HGH YLD CORP 62,425 61,915

    TY 2021 InvestmentsOtherSchedule2
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE PRIVATE CREDIT FUND SHS AT COST 837,852 841,332
    EXCHANGERIGHT ESSENTIAL INCOME AT COST 250,000 267,404
    MH VENTURES FUND II INC ADVISORY AT COST 250,000 263,158
    HINES GLOBAL INCOME TRUST T SHARES AT COST 945,465 1,039,274
    DELAWARE LIFE INSURANCE COMPANY AT COST 1,000,000 1,243,031
    EAGLE LIFE INSURANCE COMPANY AT COST 1,000,000 1,170,858
    GLOBAL ATLANTIC FINANCIAL GROUP AT COST 1,000,000 986,597
    VINEBROOK HOMES TRUST INC AT COST 1,000,000 1,485,882
    BLACKSTONE REAL ESTATE INCOME TRUST AT COST 1,000,000 1,426,288

    TY 2021 LandEtcSchedule2
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    NORTH BEND BUILDING 1,750,680 101,000 1,649,680  
    228 REMODEL-J-3 CONTRACTING 77,806 2,993 74,813  
    228 REMODEL-EXCEPTIONAL SERVICE 34,035 1,309 32,726  
    228 REMODEL-CITY OF NORTH BEND 1,149 46 1,103  
    228 REMODEL-LARRY SHAW 19,455 748 18,707  
    228 REMODEL-PAVRIK SHAHIJANI 3,100 145 2,955  
    228 REMODEL-KRUGER ARCHITECTURE 34,660 1,333 33,327  
    228 REMODEL-DAVE MORGAN 10,000 406 9,594  
    228 REMODEL-TRISTAN NORMAN-JOHNSON 800 28 772  
    228 REMODEL - NW ROOFCARE 49,833 1,917 47,916  
    228 REMODEL - EXCEPTIONAL SERVICE 35,850 0 35,850  
    228 REMODEL - KRUGER 10,620 204 10,416  
    228 REMODEL - DAVE MORGAN 32,780 490 32,290  
    228 REMODEL - STS CONSTRUCTION 499,865 5,340 494,525  
    228 REMODEL - LARRY SHAW 28,912 371 28,541  
    228 REMODEL - CIR ELECTRIC 4,543 78 4,465  
    228 REMODEL - EJMIN SHAHIJANI 5,290 90 5,200  
    228 REMODEL - LACEY STARNS 763 10 753  
    228 REMODEL - ANCHOR BLINDS 5,781 49 5,732  
    228 REMODEL - GRAYBEAL (SIGN) 8,044 34 8,010  
    228 REMODEL - THE WELDING SHOP 10,088 65 10,023  


    TY 2021 OtherAssetsSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORGANIZATION COSTS 1,477 1,230 1,230


    TY 2021 OtherExpensesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES 32,167 28,950   3,217
    REPAIRS 24,030 21,627   2,403
    MISCELLANEOUS 1,023 0   1,023
    228 REMODEL 18,626 0   18,626
    EQUIPMENT RENTAL 10,910 9,819   1,091
    MOVING EXPENSE 22,157 0   22,157
    LICENSES 47 0   47


    TY 2021 OtherIncreasesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Description Amount
    PRIOR PERIOD DIFFERENCE 11,776


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 25,295 20,015   4,054


    TY 2021 TaxesSchedule
    Name:
    GARNEAU NICON FAMILY FOUNDATION
    EIN:
    27-5137452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAXES 24,120 0   0
    PROPERTY TAXES 7,502 0   0
    FOREIGN TAXES 191 191   0