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
VADON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1201 WESTERN AVENUE 406
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98101
A Employer identification number

46-3669945
B Telephone number (see instructions)

(206) 472-7220
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$60,354,253J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 36,304 36,304  
4 Dividends and interest from securities... 532,626 532,626  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,441,110
b Gross sales price for all assets on line 6a 6,621,720
7 Capital gain net income (from Part IV, line 2)... 1,441,110
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 93 93 0
12 Total. Add lines 1 through 11........ 2,010,133 2,010,133 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 157,000 0 0 157,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,358 679 0 679
b Accounting fees (attach schedule)....... Click to see attachment 8,880 4,440 0 4,440
c Other professional fees (attach schedule).... Click to see attachment 85,271 85,271 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,296 14,319 0 11,978
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,997 0 0 12,997
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 9,840 0 0 9,777
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 301,642 104,709 0 196,871
25 Contributions, gifts, grants paid....... 1,928,528 1,928,528
26 Total expenses and disbursements. Add lines 24 and 25 2,230,170 104,709 0 2,125,399
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -220,037
b Net investment income (if negative, enter -0-) 1,905,424
c Adjusted net income (if negative, enter -0-)... 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............. 6,280,531 523,453 523,453
2 Savings and temporary cash investments.........      
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)....... 28,087,479 Click to see attachment39,606,042 39,606,042
c Investments—corporate bonds (attach schedule)....... 13,339,539 Click to see attachment10,587,026 10,587,026
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,723,605 Click to see attachment9,637,732 9,637,732
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 53,431,154 60,354,253 60,354,253
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........... 53,431,154 60,354,253
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)..... 53,431,154 60,354,253
30 Total liabilities and net assets/fund balances (see instructions). 53,431,154 60,354,253
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
53,431,154
2
Enter amount from Part I, line 27a .....................
2
-220,037
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,143,136
4
Add lines 1, 2, and 3 ..........................
4
60,354,253
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
60,354,253
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.)
1 a PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c PUBLICLY TRADED SECURITIES      
d PUBLICLY TRADED SECURITIES      
e PUBLICLY TRADED SECURITIES      
PUBLICLY TRADED SECURITIES      
PARTNERSHIP INVESTMENT      
PARTNERSHIP INVESTMENT      
CAPITAL GAIN DISTRIBUTION      
PARTNERSHIP INVESTMENT      
(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 399,572   390,782 8,790
b 208,049   145,995 62,054
c 466,341   381,318 85,023
d 936,565   598,999 337,566
e 2,063,143   2,063,278 -135
1,600,019   1,600,238 -219
280,962   149,266 131,696
628,233   149,266 777,499
38,187     38,187
649     649
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       8,790
b       62,054
c       85,023
d       337,566
e       -135
      -219
      131,696
      777,499
      38,187
      649
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 1,441,110
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 3 226,023
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 26,485
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 26,485
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 12,845
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 23,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,845
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 9,360
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet9,360 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 addressbulletN/A
    14
    The books are in care ofbulletMARK VADON Telephone no.bullet (206) 472-7220

    Located atbullet1201 WESTERN AVENUE 406SEATTLEWA ZIP+4bullet98101
    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)
     
    No
    (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
     
     
    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)
     
    No
    (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
     
     
    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
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    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
    MARK VADON PRESIDENT, TREASURER, DIRECTOR
    0.50     		0 0 0
    1201 WESTERN AVENUE 406
    SEATTLE,WA98101
    MARILYN VADON DIRECTOR
    0.50     		0 0 0
    1201 WESTERN AVENUE 406
    SEATTLE,WA98101
    DAVID LASARTE-MEEKS SECRETARY, DIRECTOR
    40.00     		157,000 0 0
    1201 WESTERN AVENUE 406
    SEATTLE,WA98101
    ALLISON BARNES VADON DIRECTOR
    0.50     		0 0 0
    1201 WESTERN AVENUE 406
    SEATTLE,WA98101
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    47,155,165
    b
    Average of monthly cash balances.......................
    1b
    2,197,651
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,613,337
    d
    Total (add lines 1a, b, and c).........................
    1d
    56,966,153
    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
    56,966,153
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    854,492
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    56,111,661
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,805,583
    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
    2,805,583
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    26,485
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    26,485
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,779,098
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,779,098
    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
    2,779,098
    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 2,779,098
    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......  
    b From 2017......  
    c From 2018......  
    d From 2019...... 682,304
    e From 2020......  
    f Total of lines 3a through e ........ 682,304
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,125,399
    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..... 2,125,399
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 653,699 653,699
    (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 28,605
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		28,605
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 28,605
    d Excess from 2020....  
    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).)
    MARK VADON
    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 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 (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
    100 HORSE SOCIETY
    PO BOX 484
    EAGLE BUTTE,SD57625     		  PC TO SUPPORT ORGANIZATION 25,000
    ARTIST TRUST
    1835 12TH AVENUE
    SEATTLE,WA98122     		  PC TO SUPPORT ORGANIZATION 12,500
    BERTSCHI
    2227 10TH E
    SEATTLE,WA98102     		  PC TO SUPPORT ORGANIZATION 1,000
    CAMAS FOUNDATION
    PO BOX 299
    USK,WA99180     		  PC TO SUPPORT ORGANIZATION 35,000
    CHEYENNE RIVER YOUTH PROJECT
    1906 S 33RD PL
    LINCOLN,NE68505     		  PC TO SUPPORT ORGANIZATION 100,000
    CHILDREN OF THE SETTING SUN PRODUCTIONS
    PO BOX 1571
    BELLINGHAM,WA98227     		  PC TO SUPPORT ORGANIZATION 100,000
    COEUR D'ALENE TRIBE DEPARTMENT OF EDUCATION
    1115 B STREET
    PLUMMER,ID83851     		  PC TO SUPPORT ORGANIZATION 65,000
    CULTURAL SURVIVAL INC
    2067 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02140     		  PC TO SUPPORT ORGANIZATION 20,000
    FRED HUTCHINSON
    1100 FAIRVIEW AVE N
    SEATTLE,WA98109     		  PC TO SUPPORT ORGANIZATION 99,993
    GENERATIONS INDIGENOUS WAYS
    2412 SPRING MEADOW RD
    LENOIR,NC28645     		  PC TO SUPPORT ORGANIZATION 35,000
    HAMLIN ROBINSON
    1701 20TH AVE S
    SEATTLE,WA98144     		  PC TO SUPPORT ORGANIZATION 16,788
    HEARTS GATHERED
    PO BOX 767
    OMAK,WA98841     		  PC TO SUPPORT ORGANIZATION 25,000
    INCHELIUM LANGUAGE AND CULTURE ASSOCIATION
    PO BOX 343
    INCHELIUM,WA99138     		  PC TO SUPPORT ORGANIZATION 127,513
    INDIGENOUS PEOPLE'S POWER PROJECT
    PO BOX 33134
    PORTLAND,OR97292     		  PC TO SUPPORT ORGANIZATION 50,000
    LAKOTA YOUTH DEVELOPMENT
    PO BOX 277
    HERRICK,SD57538     		  PC TO SUPPORT ORGANIZATION 75,000
    NA'AH ILLAHEE FUND
    PO BOX 17844
    SEATTLE,WA98127     		  PC TO SUPPORT ORGANIZATION 110,000
    NAKOA FOUNDATION
    PO BOX 4887
    KAILUA KONA,HI96745     		  PC TO SUPPORT ORGANIZATION 10,000
    NATIVE AMERICAN FOOD SOVEREIGNTY ALLIANCE
    PO BOX 675
    FLAGSTAFF,AZ86002     		  PC TO SUPPORT ORGANIZATION 50,000
    NDN COLLECTIVE
    408 KNOLLWOOD DR
    RAPID CITY,SD57701     		  PC TO SUPPORT ORGANIZATION 102,169
    NKWUSM SCHOOL
    72040 BITTERROOT JIM ROAD
    ARLEE,MT59821     		  PC TO SUPPORT ORGANIZATION 85,000
    NORTHWEST JUSTICE PROJECT
    401 2ND AVE S STE 407
    SEATTLE,WA98104     		  PC TO SUPPORT ORGANIZATION 5,000
    NOT AN ALTERNATIVE
    9719 SW 180TH STREET
    VASHON,WA98070     		  PC TO SUPPORT ORGANIZATION 100,000
    RED EAGLE SOARING
    108 S WASHINGTON ST STE 308
    SEATTLE,WA98104     		  PC TO SUPPORT ORGANIZATION 5,000
    SAAS (SEATTLE ACADEMY)
    1201 E UNION STREET
    SEATTLE,WA98122     		  PC TO SUPPORT ORGANIZATION 24,941
    SALISH SCHOOL OF SPOKANE
    4125 N MAPLE STREET
    SPOKANE,WA99205     		  PC TO SUPPORT ORGANIZATION 125,000
    SALISH SCHOOL OF SPOKANE
    4125 N MAPLE STREET
    SPOKANE,WA99205     		  PC TO SUPPORT ORGANIZATION 126,274
    SPOKANE LANGUAGE HOUSE
    6523 N JEFFERSON STREET
    SPOKANE,WA99208     		  PC TO SUPPORT ORGANIZATION 110,000
    SYILX LANGUAGE HOUSE
    6523 N JEFFERSON STREET
    SPOKANE,WA99208     		  PC TO SUPPORT ORGANIZATION 50,000
    THE CENTER POLE
    PO BOX 71
    GARRYOWEN,MT59031     		  PC TO SUPPORT ORGANIZATION 40,000
    TREEHOUSE
    12083 W FARM ROAD 36
    ASH GROVE,CO65604     		  PC TO SUPPORT ORGANIZATION 100,350
    UPLIFT INTERNATIONAL
    PO BOX 27808
    SEATTLE,WA98165     		  PC TO SUPPORT ORGANIZATION 30,000
    YELLOW BIRD LIFEWAYS CENTER
    43426 HIGHWAY 212
    LAME DEER,MT59043     		  PC TO SUPPORT ORGANIZATION 30,000
    YELLOW BIRD LIFEWAYS
    43426 HIGHWAY 212
    LAME DEER,MT59043     		  PC TO SUPPORT ORGANIZATION 37,000
    Total .................................bullet 3a 1,928,528
    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 36,304  
    4 Dividends and interest from securities ....          
    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 1,441,110  
    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 2,010,133 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,010,133
    (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

    TY 2021 AccountingFeesSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,880 4,440 0 4,440

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Category Amount
    NONE 0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD BD INDEX FD INC 2,198,754 2,198,754
    VANGUARD INTER-TERM CORP BD ETF 4,521,215 4,521,215
    PUBLIC STORA 3.875% PFD SER N 2,353,277 2,353,277
    PUBLIC STORA 4% PFD SER P 1,513,780 1,513,780

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALIBABA GROUP HLDG LTD 210,733 210,733
    APPLE INC SHARES 2,091,952 2,091,952
    BERKSHIRE HATHAWAY SHARES 647,933 647,933
    S&P 500 PORTFOLIO 20,793,698 20,793,698
    VANGUARD SPECIALIZED DIV 482,961 482,961
    VANGUARD SMALL-CAP 38,196 38,196
    ISHARES MSCI EAFE INDEX FD 615,356 615,356
    PARAMETRIC MSCI EAFE 7,758,093 7,758,093
    VANGUARD FTSE EMERGING MARKETS 2,517,613 2,517,613
    ISHARES CORE MSCI EAFE ETF 3,769,096 3,769,096
    ALPHABET INC CLASS A GOOGLE 350,542 350,542
    ALPHABET INC CLASS C GOOGLE 329,869 329,869

    TY 2021 InvestmentsOtherSchedule2
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    STG V-A LP AT COST 1,695,708 1,695,708
    TPG REAL ESTATE PARTNERS III AT COST 1,056,868 1,056,868
    STRATEGIC PARTNERS OFFSHORE VIII LP AT COST 1,820,088 1,820,088
    DURABLE CAPITAL OFFSHORE FUND LTD. AT COST 4,161,661 4,161,661
    STG VI-A LP AT COST 579,022 579,022
    SYSTEMATIC GROWTH III DD3 AT COST 155,642 155,642
    SKY9 CAPITAL FUND V AT COST 25,335 25,335
    STEPSTONE VC SECONDARIES FUND V AT COST 143,408 143,408

    TY 2021 LegalFeesSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,358 679 0 679


    TY 2021 OtherExpensesSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 195 0 0 195
    EVENTS 63 0 0 0
    SUBSCRIPTIONS 1,730 0 0 1,730
    CONTRACT 6,750 0 0 6,750
    TELEPHONE 220 0 0 220
    PAYROLL FEES 882 0 0 882


    TY 2021 OtherIncomeSchedule2
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INVESTMENT 93 93 0


    TY 2021 OtherIncreasesSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Description Amount
    MARK TO MARKET DIFFERENCES 7,143,136


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES AND OTHER EXPENSES 85,271 85,271 0 0


    TY 2021 TaxesSchedule
    Name:
    VADON FOUNDATION
    EIN:
    46-3669945
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 5,000 5,000 0 0
    FOREIGN TAXES 9,318 9,319 0 0
    PAYROLL TAXES 11,978 0 0 11,978