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
CHANGE HAPPENS FOUNDATION
A DELAWARE NONPROFIT ORGANIZATION
Number and street (or P.O. box number if mail is not delivered to street address)7840 SW ELLMAN LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97224
A Employer identification number

20-5222620
B Telephone number (see instructions)

(720) 346-4948
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$19,371,295J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 267,793 267,793  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 600,584
b Gross sales price for all assets on line 6a 5,240,430
7 Capital gain net income (from Part IV, line 2)... 600,584
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........ 868,377 868,377  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 200,658 0   200,658
14 Other employee salaries and wages...... 116,865 0   116,865
15 Pension plans, employee benefits....... 10,600 0   10,600
16a Legal fees (attach schedule)......... Click to see attachment 4,848 0   4,848
b Accounting fees (attach schedule)....... Click to see attachment 8,350 0   8,350
c Other professional fees (attach schedule).... Click to see attachment 227,153 178,635   48,518
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 29,865 1,393   20,815
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 108,818 96,161   12,657
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 707,157 276,189   423,311
25 Contributions, gifts, grants paid....... 1,115,000 1,115,000
26 Total expenses and disbursements. Add lines 24 and 25 1,822,157 276,189   1,538,311
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -953,780
b Net investment income (if negative, enter -0-) 592,188
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......... 794,708 297,350 297,350
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,933,476 Click to see attachment19,073,945 19,073,945
14 Land, buildings, and equipment: basis bullet2,088
Less: accumulated depreciation (attach schedule) bullet2,088      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,728,184 19,371,295 19,371,295
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 18,728,184 19,371,295
29 Total net assets or fund balances (see instructions)..... 18,728,184 19,371,295
30 Total liabilities and net assets/fund balances (see instructions). 18,728,184 19,371,295
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
18,728,184
2
Enter amount from Part I, line 27a .....................
2
-953,780
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,596,891
4
Add lines 1, 2, and 3 ..........................
4
19,371,295
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
19,371,295
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 CAPITAL GAINS DISTRIBUTIONS P    
c FROM K-1'S P    
d FROM K-1'S P    
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 4,693,702   4,639,846 53,856
b 320,466     320,466
c 105,166     105,166
d 121,096     121,096
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       53,856
b       320,466
c       105,166
d       121,096
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 2 600,584
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 8,231
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 8,231
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 7,657
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,400
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,057
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 8
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 1,818
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,818 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)
    bulletDE
    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 addressbulletCHANGEHAPPENS.US
    14
    The books are in care ofbulletTINA TROXEL Telephone no.bullet (720) 346-4948

    Located atbullet7840 SW ELLMAN LANEPORTLANDOR ZIP+4bullet97224
    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)
     
    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
     
    No
    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
    DOUGLAS D TROXEL PRESIDENT & CEO
    1.00     		0 0 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    MICHAEL DOUGLAS TROXEL CFO
    30.00     		185,658 5,300 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    SERGEI GEORGE TROXEL SECRETARY
    1.00     		0 0 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    KRISTIN D NONG DIRECTOR
    1.00     		0 0 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    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
    CHRISTINA TROXEL DIRECTOR OF COMMUNIC
    40.00     		116,865 5,300 0
    7840 SW ELLMAN LANE
    PORTLAND,OR97224
    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
    WELLS FARGO CLEARING SERVICES LLC INVESTMENT MGMT 0
    2801 MARKET STREET
    SAINT LOUIS,MO63103
    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
    18,539,709
    b
    Average of monthly cash balances.......................
    1b
    433,066
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,972,775
    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
    18,972,775
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    284,592
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    18,688,183
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    934,409
    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
    934,409
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    8,231
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,231
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    926,178
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    926,178
    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
    926,178
    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 7 926,178
    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...... 36,625
    b From 2017......  
    c From 2018...... 580,560
    d From 2019...... 507,006
    e From 2020...... 663,948
    f Total of lines 3a through e ........ 1,788,139
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,538,311
    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..... 926,178
    e Remaining amount distributed out of corpus 612,133
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,400,272
    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) ...     		36,625
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,363,647
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 580,560
    c Excess from 2019.... 507,006
    d Excess from 2020.... 663,948
    e Excess from 2021.... 612,133
    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:
    MICHAEL D TROXEL
    PO BOX 25327
    PORTLAND,OR97298
    (720) 346-4948
    MDT@CHANGEHAPPENS.US
    bThe form in which applications should be submitted and information and materials they should include:
    THERE ARE TWO STEPS WHEN APPLYING FOR A GRANT FROM THE CHANGE HAPPENS FOUNDATION. STEP ONE: LETTER OF INQUIRY THE APPLICATION PROCESS TO THE CHANGE HAPPENS FOUNDATION BEGINS WITH AN INITIAL LETTER OF INQUIRY WHICH IS REQUIRED TO DETERMINE WHETHER THE FOUNDATIONS CURRENT INTERESTS AND BUDGET ALLOW CONSIDERATION OF THE GRANTSEEKERS REQUEST. ONLINE FORM THEY ASK THAT ALL APPLICANTS COMPLETE AND SUBMIT OUR ONLINE LETTER OF INQUIRY FORM PROVIDING BASIC ORGANIZATIONAL AND PROJECT INFORMATION. THEIR WEB ADDRESS IS WWW.CHANGEHAPPENS.US DOWNLOAD AND MAIL IF YOU ARE UNABLE TO COMPLETE AND SUBMIT YOUR LETTER OF INQUIRY ONLINE, PLEASE DOWNLOAD AND MAIL THE LETTER OF INQUIRY FORM. STEP TWO: PROPOSAL IF YOUR LETTER OF INQUIRY IS ACCEPTED FOR FURTHER CONSIDERATION, YOU WILL BE ASKED TO SUBMIT A FORMAL GRANT PROPOSAL. PLEASE DO NOT SUBMIT A PROPOSAL WITHOUT AN INVITATION TO APPLY.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE CHANGE HAPPENS FOUNDATION WILL CONSIDER DIRECTING RESOURCES TO ACTIVITIES OR PROGRAM-RELATED INVESTMENTS THAT ARE WITHIN THE FOUNDATIONS MISSION AND BUDGET LIMITATIONS. GRANTS FOR RELIGIOUS ACTIVITIES, GRADUATE OR UNDERGRADUATE SCHOLARSHIPS WILL NOT BE REVIEWED. ACTIVITIES SUPPORTED BY GRANTS MUST BE CHARITABLE, EDUCATIONAL, LITERARY, OR SCIENTIFIC, AS DEFINED UNDER THE APPROPRIATE PROVISIONS OF THE U.S. INTERNAL REVENUE CODE AND TREASURY REGULATIONS. THE FOUNDATION MONITORS GRANTS THROUGH REGULAR FINANCIAL AND NARRATIVE REPORTS SUBMITTED BY THE GRANTEE.
    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
    BRADY CENTER TO PREVENT GUN VIOLENCE
    840 1ST ST NE STE 400
    WASHINGTON,DC20002     		N/A PC BRADY LEGAL 50,000
    CALIFORNIA INSTITUTE OF TECHNOLOGY
    1200 E CALIFORNIA BLVD MC2346
    PASADENA,CA91125     		N/A PC RAPID IR SPECTROMETER BREATH ANALYSIS (SCHERER) ENVIRONMENTALLY DEGRADABLE PLASTICS (AGAPIE) 100,000
    COMMON CAUSE EDUCATION FUND
    805 15TH STREET NW SUITE 800
    WASHINGTON,DC20005     		N/A PC RECLAIMING OUR DEMOCRACY IN THE CITIZENS UNITED ERA 100,000
    DENVER KIDS INC
    1617 S ACOMA ST 2ND FLOOR
    DENVER,CO80223     		N/A PC EDUCATIONAL COUNSELING PROGRAM 10,000
    EARTH LAW CENTER
    PO BOX 3164
    BOULDER,CO80307     		N/A PC LEGAL RIGHTS OF RIVERS IN MEXICO 10,000
    EAST COOPER HABITAT FOR HUMANITY
    PO BOX 1990
    MOUNT PLEASANT,SC29465     		N/A PC 79TH HOME BUILDING PROJECT 5,000
    FAIRYTALE TOWN INC
    3901 LAND PARK DR
    SACRAMENTO,CA95822     		N/A PC STORY CENTER BUILDING 10,000
    SANDY HOOK PROMISE FOUNDATION
    PO BOX 3489
    NEWTOWN,CT06470     		N/A PC KNOW THE SIGNS NATIONAL EXPANSION INITIATIVE 50,000
    THE ENVIROLUTION INC
    3355 DOWNEY AVE
    RENO,NV89503     		N/A PC PROJECT RECHARGE EXPANSION 10,000
    THORN
    1240 ROSECRANS AVE SUITE 120
    MANHATTAN BEACH,CA90266     		N/A PC TECHNOLOGY AGAINST CHILD ABUSE 50,000
    WHOLIVES
    10102 S COPPER KING LN
    SOUTH JORDAN,UT84095     		N/A PC SUBSIDIZED COMMUNITY FUNDED WELL 6,000
    THE UC SANTA BARBARA FOUNDATION
    UNIVERSITY OF CALIFORNIA
    SANTA BARBARA,CA93106     		N/A PC UCSB-COMMUNITY FOOD SECURITY INITIATIVE 40,000
    AMERICAN CONSTITUTION SOCIETY FOR LAW AND POLICY
    1899 L ST NW SUITE 200
    WASHINGTON,DC20036     		N/A PC GENERAL SUPPORT 50,000
    BAT CONSERVATION INTERNATIONAL
    500 N CAPITAL OF TEXAS HIGHWAY
    BUILDING 1-201
    AUSTIN,TX78746     		N/A PC BAT WALKS PROGRAM 10,000
    DOS PUEBLOS ENGINEERING ACADEMY FOUNDATION
    PO BOX 313
    GOLETA,CA93116     		N/A PC EXHIBIT DEVELOPMENT AND ELEMENTARY STUDENTS 175,000
    GIRL SCOUTS OF HAWAII
    410 ATKINSON DRIVE SUITE 2E1 BOX 3
    HONOLULU,HI96814     		N/A PC STEM CENTER FOR EXCELLENCE 50,000
    GREEN AMERICA
    1612 K ST NW STE 1000
    WASHINGTON,DC20006     		N/A PC CLIMATE VICTORY GARDENS & END CHILD LABOR IN COCOA 10,000
    RAIN FOR THE SAHEL AND SAHARA INC
    PO BOX 1503
    PORTSMOUTH,NH03802     		N/A PC AGADEZ LEARNING CENTER CONSTRUCTION 10,000
    RGISC INC
    1 WEST END WASHINGTON ST BLDG P-11
    LAREDO,TX78040     		N/A PC DEFUND THE WALL, FUND OUR FUTURE 10,000
    SARSEF SOUTHERN ARIZONA RESEARCH SCIENCE & ENGINEERING FOUNDATION
    4574 E BROADWAY
    TUCSON,AZ85711     		N/A PC WHAT DO YOU WONDER? 10,000
    WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC
    120 BROADWAY SUITE 1750
    NEW YORK,NY10271     		N/A PC DEMOCRACY PROGRAM 100,000
    BIG BROTHERS BIG SISTERS OF SAN DIEGO COUNTY
    4305 UNIVERSITY AVENUE SUITE 590
    SAN DIEGO,CA92105     		N/A PC COMMUNITY MENTORING PROGRAM 10,000
    PLANNED PARENTHOOD GREAT NORTHWEST HAWAII ALASKA INDIANA KENTUCKY
    2001 EAST MADISON STREET
    SEATTLE,WA98122     		N/A PC PATIENT FINANCIAL ASSISTANCE 100,000
    CALIFORNIA OCEAN SCIENCE TRUST
    1017 L STREET 293
    SACRAMENTO,CA95814     		N/A PC LEGISLATIVE SCIENCE SERVICES 10,000
    CIVIL LIBERTIES DEFENSE CENTER
    1430 WILLAMETTE ST 359
    EUGENE,OR97401     		N/A PC JUSTICE IN ACTION PROGRAM 15,000
    COMMON THREADS
    PO BOX 841
    BELLINGHAM,WA98227     		N/A PC DIGITAL EDUCATION INITIATIVE IN CHICAGO 20,000
    COMMUNITY ACTION WORKS
    294 WASHINGTON STREET SUITE 500
    BOSTON,MA02108     		N/A PC MASS POWER FORWARD CAMPAIGN 15,000
    GET INSPIRED
    6192 SANTA RITA AVENUE
    GARDEN GROVE,CA92845     		N/A PC CATALINA SCIENCE CAREERS INITIATIVE 9,000
    IOWA CITIZENS FOR COMMUNITY IMPROVEMENT
    2001 FOREST AVE
    DES MOINES,IA50311     		N/A PC CLEAN WATER NOW! PROJECT 15,000
    ISPACE INC
    100 SCARLET OAKS DRIVE
    CINCINNATI,OH45241     		N/A PC GIRLS IN STEM LAB 5,000
    MUSEUM OF DESIGNATLANTA INC
    1315 PEACHTREE ST NE
    ATLANTA,GA30309     		N/A PC FREE STEM WORKSHOPS 5,000
    OCEAN DISCOVERY INSTITUTE
    4255 THORN STREET
    SAN DIEGO,CA92105     		N/A PC IN-SCHOOL PROGRAMS 15,000
    SANTA BARBARA HIGH SCHOOL COMPUTER SCIENCE ACADEMY FOUNDATION
    PO BOX 60354
    SANTA BARBARA,CA93160     		N/A PC COMPUTER SCIENCE ACADEMY 10,000
    THE DA VINCI DISCOVERY CENTER OF SCIENCE AND TECHNOLOGY INC
    3145 HAMILTON BLVD BYPASS
    ALLENTOWN,PA18103     		N/A PC WOMEN IN SCIENCE AND ENGINEERING INITIATIVE 10,000
    WASHINGTON STATE UNIVERSITY FOUNDATION
    PO BOX 641927
    PULLMAN,WA99164     		N/A PC BREEDING FOR DIVERSITY, BAKING FOR GOOD 10,000
    Total .................................bullet 3a 1,115,000
    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 ...........     		         
    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 ............     		    18 600,584  
    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) .. 0 868,377 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    868,377
    (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:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,350 0   8,350

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABBEY CAPITAL MULTI-MNGR FUND LTD C SHS FMV 731,645 731,645
    MILLBURN MULTI-MARKETS FUND LP SER A FMV 473,105 473,105
    RIVERSIDE CAPITAL APPRECIATION VII ASP FMV 545,639 545,639
    MILLENNIUM INTERNATIONAL HEDGEFOCUS FD LTD SER 2 FMV 515,414 515,414
    RIVERSIDE CAPITAL APPRECIATION VII ASP FMV 52,860 52,860
    CANYON BALANCED ASP FUND CLASS AE-U FMV 571,824 571,824
    PB STRATEGIC PARTNERS OFFSHORE FEEDER VI LP FMV 142,390 142,390
    CARLYLE REALTY PARTNERS VII ASP FD CLASS AE-U FMV 212,933 212,933
    CARLYLE REALTY PARTNERS VIII ASP INITIAL FMV 81,250 81,250
    ACCENTURE PLC IRELAND SHARES CLASS A FMV 27,360 27,360
    ADYEN N V ADR ADYEY FMV 16,897 16,897
    AIA GROUP LTD SPONSORED ADR AAGIY FMV 23,509 23,509
    ALCON INC ORD SH ALC FMV 20,996 20,996
    AMADEUS IT GROUP SA ADR UNSPONSORED ADR FMV 14,966 14,966
    AON PLC SHS CL A AON FMV 15,629 15,629
    ASML HOLDING NV NY REGISTRY SHS NEW 2012-ASML FMV 36,622 36,622
    ATLAS COCOP AB SPON ADR NEW REPSTG SER A FMV 22,179 22,179
    ATLASSIAN CORP PLC FMV 15,252 15,252
    CANADIAN PACIFIC RAILWAY LTD FMV 25,898 25,898
    CSL LTD-SPONSORED ADR CSLLY FMV 24,969 24,969
    DSV A/S UNSP ADR DSDVY FMV 29,815 29,815
    EPAM SYSTEMS INC FMV 20,722 20,722
    EVOLUTION AB FMV 13,009 13,009
    EXPERIAN PLC ADR FMV 30,474 30,474
    FERRARI NV NEW RACE FMV 23,035 23,035
    ICON PLC ICLR FMV 24,157 24,157
    LASERTEC CORP FMV 28,429 28,429
    LI NING CO LTD-UNSPN ADR FMV 11,934 11,934
    LONZA GROUP AG-UNSP ADR LZAGY FMV 22,295 22,295
    LULULEMON ATHLETICA INC LULU FMV 20,747 20,747
    LVMH MOET HENNESSY LOUIS VUITTON FMV 23,501 23,501
    METTLER-TOLEDO INTL IN MTD FMV 22,064 22,064
    NESTLE S A REG ADR NSRGY FMV 20,634 20,634
    NOVO NORDISK A S ADR FMV 14,560 14,560
    PERNOD-RICARD SA-UNSPON ADR FMV 15,756 15,756
    RESMED INC RMD FMV 26,048 26,048
    SHENZHOU FMV 12,230 12,230
    SHOPIFY INC CL A SHOP FMV 22,038 22,038
    SIKA AG-BR ADR SXYAY FMV 23,440 23,440
    STERIS PLC ORD SHS FMV 19,473 19,473
    TAIWAN SEMICONDUCTOR MFG CO LTD ADR FMV 31,762 31,762
    WUXI BIOLOGICS FMV 12,564 12,564
    INVESCO TR II ETF PFD FMV 345,750 345,750
    ISHARES ETF PFD & INCOME SECS PFF FMV 328,452 328,452
    ISHARES MSCI USA ESG SELECT FMV 555,900 555,900
    ISHARES JP MORGAN ETF USD EMERGING MAKETS BOND EMB FMV 316,274 316,274
    ISHARES TR ISHARES ESG AWARE MSCI FMV 344,141 344,141
    SPDR BLOOMBERG ETF BARCLAYS SHORT TERM HIGH YIELD BOND ETF SJNK FMV 194,394 194,394
    SPDR GOLD TRUST ETF GLD FMV 410,304 410,304
    SPDR PORTFOLIO ETF INTERMEDIATETERM SPIB FMV 804,157 804,157
    VANGUARD INDEX FDS ETF S&P 500 ETF SHS NEW FMV 1,132,899 1,132,899
    VANGUARD MID CAP ETF VO FMV 726,095 726,095
    FNMA PASS THRU POOL 725946 DTD 10/01/04 FMV 4,385 4,385
    FNMA PASS THRU POOL 995084 DTD 11/01/08 FMV 8,774 8,774
    AB GLOBAL BOND FD ADVISOR CL ANAYX FMV 484,203 484,203
    BAIRD FDS INC AGGREGATE BD FD INSTL FMV 522,775 522,775
    BLACKROCK STRATEGIC GLOBAL BD FD INC FMV 561,337 561,337
    BLACKROCK EQUITY DIVIDEND FD CL I FMV 633,185 633,185
    INVESCO FMV 344,338 344,338
    JPMORGAN HEDGED EQUITY FMV 209,719 209,719
    MFS CORE EQUITY FUND FMV 1,039,822 1,039,822
    MFS INTERNATIONAL DIVERSIFICATION FUND FMV 354,661 354,661
    MORGAN STANLEY INSTL FMV 393,096 393,096
    NEUBERGER BERMAN FMV 397,228 397,228
    GUGGENHEIM FDS TR LTD DURATION FD INSTL CL FMV 526,094 526,094
    JPMORGAN TR II LARGE CAP GROWTH FUND FMV 962,027 962,027
    PRINCIPAL FDS INC HIGH YIELD FD INSTL CL FMV 256,917 256,917
    WESTERN ASSET FDS INC CORE BD FUND INSTL CL FMV 565,335 565,335
    ALBANY INTERNATIONAL CORP NEW CLASS A AIN FMV 19,017 19,017
    ARMSTRONG WORLD INDUSTRIES AWI FMV 21,947 21,947
    AZENTA INC FMV 34,645 34,645
    BADGER METER INC BMI FMV 8,525 8,525
    BANK OF HAWAII CORP BOH FMV 22,113 22,113
    CDW CORPORATION OF DELAWARE CDW FMV 9,829 9,829
    CHEESECAKE FACTORY INC CAKE FMV 19,418 19,418
    CONSTRUCTION PARTNERS INC CL A FMV 9,617 9,617
    EVERTEC INC EVTC FMV 19,642 19,642
    FIRST FINL BANKSHARESINC FFIN FMV 20,489 20,489
    GLOBUS MEDICAL INC NEW FMV 7,942 7,942
    GRACO INCORPORATED COM GGG FMV 20,155 20,155
    HOULIHAN LOKEY INC CL A HLI FMV 24,327 24,327
    JACK HENRY & ASSOC INC JKHY FMV 9,351 9,351
    JOHN BEAN TECHNOLOGIES CORP JBT FMV 15,356 15,356
    LANDSTAR SYSTEMS INC LSTR FMV 20,050 20,050
    LESLIE'S INC LESL FMV 23,802 23,802
    MGM GROWTH PROPERTIES LLC-A FMV 23,693 23,693
    NATIONAL BEVERAGE CORP FIZZ FMV 15,050 15,050
    POOL CORP FMV 17,546 17,546
    PRIMERICA INC PRI FMV 16,093 16,093
    R L I CORP RLI FMV 15,021 15,021
    RBC BEARINGS INC ROLL FMV 21,005 21,005
    SCOTTS MIRACLE-GRO CO CLASS A FMV 28,175 28,175
    SITEONE LANDSCAPE SUPPLY INC FMV 30,043 30,043
    TERMINIX GLOBAL HLDGS INC FMV 18,861 18,861
    THOR INDUSTRIESTHO FMV 23,348 23,348
    UNIFIRST CORP UNF FMV 11,151 11,151
    WATSCO INC WSO FMV 26,595 26,595
    WD-40 COMPANY COMMON WDFC FMV 15,902 15,902
    AGILENT TECH INC FMV 4,151 4,151
    AIR PRODUCTS & CHEMICALS INC FMV 4,868 4,868
    ANSYS FMV 14,440 14,440
    AON PLC SHS CL A FMV 4,809 4,809
    ARCH CAP GROUP LTD FMV 7,734 7,734
    ARES MANAGEMENT CORP FMV 4,145 4,145
    AUTODESK INC ADSK FMV 22,214 22,214
    BLACK KNIGHT INC FMV 18,567 18,567
    BLOCK INC CL A FMV 3,392 3,392
    BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL FMV 3,776 3,776
    BROOKFIELD INFRASTRUCTURE CORP COM FMV 17,202 17,202
    BROOKFIELD ASSET MANGMNT FMV 42,991 42,991
    BROOKFIELD RENEWABLE CORP CL A SUB VTG FMV 4,420 4,420
    BROWN AND BROWN INC COM FMV 14,197 14,197
    BROWN-FORMAN CORP CL B FMV 2,550 2,550
    CARMAX INC FMV 27,348 27,348
    CBRE GROUP INC CLASS A FMV 14,323 14,323
    COGNEX CORP FMV 2,877 2,877
    COLFAX CORP FMV 2,390 2,390
    COPART INC FMV 29,718 29,718
    COSTAR GROUP INC FMV 29,083 29,083
    CREDIT ACCEPTANCE CORP FMV 8,940 8,940
    DOLLAR GENERAL CORP FMV 10,141 10,141
    DOMINO'S PIZZA INC FMV 16,366 16,366
    ETSY INC FMV 10,947 10,947
    FASTENAL CO FMV 14,093 14,093
    FIRST REPUBLIC BANK FMV 7,021 7,021
    FNF GROUP FMV 2,035 2,035
    GARTNER INC NEW FMV 10,030 10,030
    GUIDEWIRE SOFTWARE INC FMV 15,554 15,554
    HEICO CORP NEW FMV 16,451 16,451
    HILTON WORLDWIDE FMV 27,610 27,610
    HOWARD HUGHES CORP FMV 6,819 6,819
    HYATT HOTELS CORP FMV 5,946 5,946
    IDEXX LABORATORIES INC FMV 11,194 11,194
    KENNEDY-WILSON HOLDINGS FMV 3,009 3,009
    KKR & CO INC FMV 34,345 34,345
    LENNAR CORPORATION FMV 17,540 17,540
    LIBERTY BROADBAND CORP COM SER C FMV 19,171 19,171
    LIBERTY BROADBAND CORP COM SER A FMV 4,827 4,827
    LIBERTY MEDIA CORP LIBERTY MEDIA CL C FMV 9,802 9,802
    LIBERTY MEDIA CORP LIBERTY SER A FMV 712 712
    LIVE NATION ENTERTAINMENT INC FMV 19,988 19,988
    MARKEL CORP FMV 18,510 18,510
    MARTIN MARIETTA FMV 11,454 11,454
    METTLER-TOLEDO INTL IN FMV 20,367 20,367
    MICROCHIP TECHNOLOGY INC FMV 15,148 15,148
    MOODY'S CORP FMV 7,812 7,812
    MSCI INC FMV 9,190 9,190
    O'REILLY AUTOMOTIVE INC FMV 27,543 27,543
    PERIMETER SOLUTIONS SA FMV 3,570 3,570
    PROGRESSIVE CORP OHIO FMV 6,980 6,980
    QUALTRICS INTERNATIONAL FMV 920 920
    ROPER TECHNOLOGIES FMV 20,166 20,166
    ROSS STORES INC FMV 4,800 4,800
    SBA COMMUNICATIONS CORP FMV 26,453 26,453
    SUMMIT MATERIALS INC FMV 5,660 5,660
    TRANSDIGM GROUP INC FMV 33,723 33,723
    TRANSUNION FMV 12,569 12,569
    TYLER TECHNOLOGIES INC FMV 27,435 27,435
    VAIL RESORTS INC FMV 13,444 13,444
    VERISIGN INC FMV 16,244 16,244
    VERISK ANALYTICS INC FMV 10,750 10,750
    VULCAN MATERIALS COMPANY FMV 22,834 22,834
    WIX.COM LTD FMV 13,727 13,727
    ACTIVISION BLIZZARD INC FMV 8,183 8,183
    AKAMAI TECH INC FMV 19,312 19,312
    ALPHABET INC NON VOTING FMV 31,829 31,829
    AMPHENOL CORP NEW FMV 7,784 7,784
    APTIV PLC FMV 8,907 8,907
    AUTOZONE INC FMV 10,482 10,482
    BALL CORP FMV 16,655 16,655
    BRISTOL MYERS SQUIBB FMV 14,652 14,652
    CAPITAL ONE FINANCIAL FMV 9,431 9,431
    CBRE GROUP INC CLASS A FMV 12,153 12,153
    COMCAST CORP NEW CL A FMV 17,112 17,112
    DANAHER CORP FMV 24,018 24,018
    FEDEX CORPORATION FMV 12,932 12,932
    FISERV INC FMV 16,087 16,087
    F5 NETWORKS INC FMV 20,556 20,556
    GENL DYNAMICS CORP FMV 11,466 11,466
    GLOBAL PAYMENTS INC FMV 16,762 16,762
    HCA HEALTHCARE INC FMV 24,150 24,150
    HOLOGIC INC FMV 14,929 14,929
    INTUIT INC FMV 20,583 20,583
    LENNAR CORPORATION FMV 8,596 8,596
    NXP SEMICONDUCTORS NV FMV 24,145 24,145
    PTC INC FMV 12,115 12,115
    REGENERON PHARMACEUTICAL FMV 9,473 9,473
    S&P GLOBAL INC FMV 11,326 11,326
    SCHWAB CHARLES CORP NEW FMV 12,783 12,783
    T-MOBILE US INC FMV 4,755 4,755
    TELEFLEX INCORPORATED FMV 4,927 4,927
    TRANSUNION FMV 15,297 15,297
    UNITEDHEALTH GROUP FMV 25,107 25,107
    VERISK ANALYTICS INC FMV 16,469 16,469
    VISA INC CLASS A FMV 16,254 16,254
    ABBVIE INC FMV 27,892 27,892
    ACCENTURE PLC IRELAND FMV 36,480 36,480
    ANGLO AMERICAN PLC ADR FMV 8,109 8,109
    ANTA SPORTS PRODUCTS LTD FMV 6,354 6,354
    ASML HOLDING NV FMV 19,107 19,107
    AVIENT CORP FMV 8,001 8,001
    BOOZ ALLEN HAMILTON FMV 13,058 13,058
    CARLSBERG AS-B FMV 12,117 12,117
    COCA-COLA COMPANY FMV 10,658 10,658
    DAITO TR CONSTR CO LTD FMV 27,581 27,581
    DANAOS CORP NEW FMV 7,316 7,316
    DEVON ENERGY CORP FMV 14,669 14,669
    DIAMONDBACK ENERGY INC FMV 13,050 13,050
    EVOLUTION AB FMV 16,440 16,440
    FERGUSON PLC SPON ADR FMV 23,679 23,679
    FLUTTER ADR ENTERTAINMENT PLC FMV 24,217 24,217
    FOX CORP CL A FMV 21,291 21,291
    GRAFTECH INTERNATIONAL FMV 7,891 7,891
    GRUPO FINANCIERO BANORTE FMV 17,826 17,826
    HCA HEALTHCARE INC FMV 15,929 15,929
    HOME DEPOT INC FMV 17,430 17,430
    HUBBELL INC FMV 25,409 25,409
    IMPERIAL OIL LTD NEW FMV 12,816 12,816
    ING GROEP N V FMV 30,234 30,234
    INTUIT INC FMV 20,583 20,583
    KB FINANCIAL GROUP INC FMV 15,187 15,187
    KUMBA IRON ORE LTD ADR FMV 7,004 7,004
    LAMAR ADVERTISING CO NEW FMV 10,674 10,674
    METLIFE INC FMV 17,372 17,372
    MICROSOFT CORP FMV 9,753 9,753
    MOELIS & CO FMV 7,189 7,189
    NETAPP INC FMV 7,083 7,083
    OMV AG FMV 7,548 7,548
    ORACLE CORPORATION FMV 7,762 7,762
    PFIZER INCORPORATED FMV 28,521 28,521
    RELIANCE STEEL & ALUMINUM CO FMV 24,009 24,009
    SALMAR ASA ADR FMV 8,929 8,929
    SONOVA HOLDING-UNSP ADR FMV 17,667 17,667
    STELLANTIS N V FMV 14,126 14,126
    TEXAS INSTRUMENTS INC FMV 11,308 11,308
    THULE GROUP AB FMV 5,235 5,235
    UCB S A FMV 14,897 14,897
    UNITEDHEALTH GROUP FMV 16,571 16,571
    VALVOLINE INC FMV 17,714 17,714

    TY 2021 LegalFeesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,848 0   4,848


    TY 2021 OtherExpensesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & MEMBERSHIP 4,500 0   4,500
    INTERNET 860 0   860
    MISCELLANEOUS 195 0   195
    OTHER DEDUCTIONS FROM K-1S 12,521 12,521   0
    PAYROLL FEE 1,063 0   1,063
    PENSION ADMIN FEES 566 0   566
    PORTFOLIO DEDUCTIONS 83,640 83,640   0
    POSTAGE 477 0   477
    SOFTWARE 4,599 0   4,599
    SUPPLIES 397 0   397


    TY 2021 OtherIncreasesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Description Amount
    NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 1,596,891


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 178,635 178,635   0
    CONSULTING 48,518 0   48,518


    TY 2021 TaxesSchedule
    Name:
    CHANGE HAPPENS FOUNDATION
     
    A DELAWARE NONPROFIT ORGANIZATION
    EIN:
    20-5222620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 20,815 0   20,815
    FOREIGN TAX 1,393 1,393   0
    FEDERAL TAX 7,657 0   0