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
RODMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)30 EAST SEVENTH STREET SUITE 2000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN551014930
A Employer identification number

23-7025570
B Telephone number (see instructions)

(651) 228-0935
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$8,323,275J 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... 192,191 195,874  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 242,934
b Gross sales price for all assets on line 6a 953,775
7 Capital gain net income (from Part IV, line 2)... 553,923
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 120,855 69,151  
12 Total. Add lines 1 through 11........ 555,980 818,948  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 20,000 0   20,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 35,586 3,781   30,305
c Other professional fees (attach schedule)....        
17 Interest...............   1,031    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,778 6,010   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......   33,687    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,364 44,509   50,305
25 Contributions, gifts, grants paid....... 276,000 272,500
26 Total expenses and disbursements. Add lines 24 and 25 349,364 44,509   322,805
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 206,616
b Net investment income (if negative, enter -0-) 774,439
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.........      
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)....... 4,331,129 Click to see attachment4,450,162 5,699,476
c Investments—corporate bonds (attach schedule)....... 438,475 Click to see attachment640,123 637,806
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,077,995 Click to see attachment943,365 1,985,993
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) 5,847,599 6,033,650 8,323,275
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 5,847,599 6,033,650
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 5,847,599 6,033,650
30 Total liabilities and net assets/fund balances (see instructions). 5,847,599 6,033,650
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
5,847,599
2
Enter amount from Part I, line 27a .....................
2
206,616
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1
4
Add lines 1, 2, and 3 ..........................
4
6,054,216
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
20,566
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,033,650
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 LONG TERM DISTRIBUTION P    
b PUBLICLY TRADED SECURITIES P    
c PUBLICLY TRADED SECURITIES P    
d NON-MARKETABLE GAIN P    
e WASH SALE ADJUSTMENTS P    
WASH SALE ADJUSTMENTS P    
SPELL CAPITAL MEZZANINE PARTNERS - LTCG P    
SPELL CAPITAL MEZZANINE PARTNERS - SEC 1231 LOSS P    
SPELL CAPITAL MEZZANINE PARTNERS II - STCL P    
SPELL CAPITAL MEZZANINE PARTNERS II - LTCG P    
SPELL CAPITAL MEZZANINE PARTNERS II - SEC 1231 GAIN P    
CPOF III - STCG P    
CPOF III - LTCG P    
CPOF III - SEC 1231 GAIN P    
CPOF III - SEC 1256 GAIN P    
SONEN GLOBAL - LTCG P    
SONEN GLOBAL - SEC 1231 GAIN P    
CPOF IV - STCL P    
CPOF IV - LTCG P    
CPOF IV - SEC 1231 GAIN P    
CPOF IV - SEC 1256 GAIN P    
CPOF V - STCG P    
CPOF V - LTCG P    
CPOF V - SEC 1231 LOSS P    
CPOF V - SEC 1256 GAIN P    
CPOF VI - STCL P    
CPOF VI - LTCG P    
CPOF VI - SEC 1231 LOSS P    
COF - STCG P    
COF - LTCG P    
HARVEST MLP INCOME FUND - STCG P    
HARVEST MLP INCOME FUND - LTCG P    
HARVEST MLP INCOME FUND - SEC 1231 LOSS P    
LOSS ON PARTNERSHIP DISPOSITION - HARVEST MLP INCOME FUND P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 231,793     231,793
b 133,833   120,509 13,324
c 326,311   275,164 51,147
d       0
e 58     58
20     20
5,552     5,552
    15 -15
    1 -1
9,875     9,875
9     9
43     43
30,556     30,556
77     77
63     63
5,366     5,366
1,621     1,621
    3,934 -3,934
68,473     68,473
11     11
334     334
2,103     2,103
68,850     68,850
    107 -107
114     114
    117 -117
10,646     10,646
    3 -3
5,935     5,935
20,257     20,257
30,856     30,856
1,019     1,019
    1 -1
    1 -1
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       231,793
b       13,324
c       51,147
d       0
e       58
      20
      5,552
      -15
      -1
      9,875
      9
      43
      30,556
      77
      63
      5,366
      1,621
      -3,934
      68,473
      11
      334
      2,103
      68,850
      -107
      114
      -117
      10,646
      -3
      5,935
      20,257
      30,856
      1,019
      -1
      -1
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 2 553,923
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 10,765
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 10,765
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 12,778
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,778
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 2,013
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,013 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletMN
    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 ofbulletFIDUCIARY COUNSELLING INC Telephone no.bullet (651) 228-0935

    Located atbullet30 E 7TH ST STE 2000ST PAULMN ZIP+4bullet551014930
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
    Yes
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    E RODMAN TITCOMB JR DIRECTOR/TREASURER
    1.00     		5,000 0 0
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN551014930
    BRUCE L TITCOMB DIRECTOR/VICE PRESIDENT
    1.00     		5,000 0 0
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN551014930
    DANIEL C TITCOMB DIRECTOR/SECRETARY
    1.00     		5,000 0 0
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN551014930
    FREDERICK W TITCOMB DIRECTOR/PRESIDENT
    1.00     		5,000 0 0
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN551014930
    EDWARD R TITCOMB DECEASED 2011 FORMER DIRECTOR/CHAIR
    0.00     		0 0 0
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN551014930
    JULIE C TITCOMB DECEASED 2010 FORMER DIRECTOR
    0.00     		0 0 0
    30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN551014930
    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 N/A 0
    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
    6,165,148
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,017,903
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,183,051
    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
    8,183,051
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    122,746
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    8,060,305
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    403,015
    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
    403,015
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    10,765
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    2,708
    c
    Add lines 2a and 2b............................
    2c
    13,473
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    389,542
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    389,542
    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
    389,542
    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 7 389,542
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 294,442
    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......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 322,805
    a Applied to 2020, but not more than line 2a 294,442
    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..... 28,363
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		361,179
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    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).)
    EDWARD R TITCOMB DECEASED 2011
    JULIE C TITCOMB DECEASED 2010
    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
    PROPERTIES FRIENDS AND NEIGHBORS COMMUNITY FUND
    212 E OHIO STREET
    CHICAGO,IL606113592     		NONE PC GENERAL OPERATING SUPPORT 3,000
    ALLIANCE FOR GUN RESPONSIBILITY FOUNDATION
    PO BOX 4187
    SEATTLE,WA981940187     		NONE PC GENERAL OPERATING SUPPORT 2,000
    ANN NORTON SCULPTURE GARDEN
    2051 S FLAGLER DR
    WEST PALM BEACH,FL334017717     		NONE PC GENERAL OPERATING SUPPORT 500
    ARTHRITIS FOUNDATION PACIFIC NW CHAPTER
    1355 PEACHTREE ST NE STE 600
    ATLANTA,GA303093234     		NONE PC GENERAL OPERATING SUPPORT 1,000
    BATH & TENNIS HISTORIC BUILDING PRESERVATION FOUNDATION INC
    1170 SOUTH OCEAN BLVD
    PALM BEACH,FL334800000     		NONE PC GENERAL OPERATING SUPPORT 2,500
    BIGHORN GOLF CLUB CHARITIES
    255 PALOWET DRIVE
    PALM DESERT,CA922607311     		NONE PC GENERAL OPERATING SUPPORT 5,000
    CAZENOVIA COLLEGE
    22 SULLIVAN ST
    CAZENOVIA,NY130351054     		NONE PC REV. DR. CECILY JOHNSON TITCOMB SCHOLARSHIP FUND CLASS OF 1968 2,000
    CENTER FOR BIOLOGICAL DIVERSITY
    PO BOX 710
    TUCSON,AZ857020710     		NONE PC GENERAL OPERATING SUPPORT 1,000
    CLEAN AIR TASK FORCE
    114 STATE STREET 6TH FL STE 300-401
    BOSTON,MA021092421     		NONE PC GENERAL OPERATING SUPPORT 1,000
    COACHELLA VALLEY REPERTORY
    68510 EAST PALM CANYON DR
    CATHEDRAL CITY,CA922341300     		NONE PC GENERAL OPERATING SUPPORT 7,000
    COACHELLA VALLEY REPERTORY
    68510 EAST PALM CANYON DR
    CATHEDRAL CITY,CA922341300     		NONE PC THE ANNUAL FUND 7,000
    COMMON BOND COMMUNITIES
    1080 MONTREAL AVE
    SAINT PAUL,MN551162694     		NONE PC GENERAL OPERATING SUPPORT 3,000
    COMMUNITY CREDIT LAB
    255 S KING ST STE 800
    SEATTLE,WA981043318     		NONE PC GENERAL OPERATING SUPPORT 1,000
    COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES
    700 S DIXIE HWY STE 200
    WEST PALM BEACH,FL334015854     		NONE PC GENERAL OPERATING SUPPORT 3,000
    DISCNW
    PO BOX 85112
    SEATTLE,WA981451112     		NONE PC GENERAL OPERATING SUPPORT 1,000
    DOWNTOWN EMERGENCY SERVICES CENTER - DESC
    515 3RD AVE
    SEATTLE,WA981042304     		NONE PC GENERAL OPERATING SUPPORT 2,000
    EPISCOPAL CHARITIES OF SOUTHEAST FLORIDA
    1750 EAST OAKLAND PARK BLVD
    OAKLAND PARK,FL33334     		NONE PC GENERAL OPERATING SUPPORT 1,500
    EPISCOPAL CHURCH OF BETHESDA BY THE SEA
    PO BOX 1057 141 S COUNTY RD
    PALM BEACH,FL33480     		NONE PC GENERAL OPERATING SUPPORT 2,000
    FAMILY PARTNERSHIP
    414 S 8TH ST
    MINNEAPOLIS,MN554041025     		NONE PC GENERAL OPERATING SUPPORT 2,000
    FOREST HISTORY SOCIETY
    2925 ACADEMY RD
    DURHAM,NC277059311     		NONE PC GENERAL OPERATING SUPPORT 1,000
    FRIENDS OF THE MOUNTS BOTANICAL
    559 N MILITARY TRL
    WEST PALM BEACH,FL334151311     		NONE PC GENERAL OPERATING SUPPORT 1,500
    GARDEN CLUB OF PALM BEACH INC
    PO BOX 2791
    PALM BEACH,FL334802791     		NONE PC GENERAL OPERATING SUPPORT 1,000
    GRAYWOLF PRESS
    250 3RD AVE N STE 600
    MINNEAPOLIS,MN554011635     		NONE PC GENERAL OPERATING SUPPORT 10,000
    HIDDEN HARVEST
    PO BOX 266
    COACHELLA,CA922360266     		NONE PC GENERAL OPERATING SUPPORT 1,000
    HONOR THE EARTH
    607 MAIN AVE
    CALLAWAY,MN565212120     		NONE PC GENERAL OPERATING SUPPORT 1,000
    KNKX PUBLIC RADIO
    2601 4TH AVE STE 150
    SEATTLE,WA981211208     		NONE PC GENERAL OPERATING SUPPORT 2,000
    KUOW PUGET SOUND PUBLIC RADIO
    4518 UNIVERSITY WA NE STE 31
    SEATTLE,WA981054535     		NONE PC GENERAL OPERATING SUPPORT 1,000
    LOG CHURCH CHRISTIAN SCHOOL
    PO BOX 1438
    BREWSTER,WA988121438     		NONE PC GENERAL OPERATING SUPPORT 3,000
    MONTESSORI TRAINING CENTER OF MINNESOTA
    1611 AMES AVE
    SAINT PAUL,MN551062903     		NONE PC GENERAL OPERATING SUPPORT 3,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 6TH ST NW STE 700
    WASHINGTON,DC200014835     		NONE PC GENERAL OPERATING SUPPORT 2,500
    NATURE CONSERVANCY - MINNESOTA
    4245 NORTH FAIRFAX DRIVE
    ARLINGTON,VA222031637     		NONE PC GENERAL OPERATING SUPPORT 4,000
    NORTHLAND COLLEGE
    1411 ELLIS AVE
    ASHLAND,WI548063925     		NONE PC GENERAL OPERATING SUPPORT 4,000
    NORTHWEST HARVEST
    PO BOX 12272
    SEATTLE,WA981020272     		NONE PC GENERAL OPERATING SUPPORT 2,000
    NORTHWEST HARVEST
    PO BOX 12272
    SEATTLE,WA981020272     		NONE PC GENERAL OPERATING SUPPORT 2,500
    NORTHWEST WATERSHED INSTITUTE
    3407 EDDY ST
    PORT TOWNSEND,WA983684713     		NONE PC GENERAL OPERATING SUPPORT 2,000
    ORDER OF ST JOHN
    1850 M ST NW STE 1070
    WASHINGTON,DC200365856     		NONE PC GENERAL OPERATING SUPPORT 2,000
    OUR LITTLE ROSES FOREIGN MISSION SOCIETY
    PO BOX 530947
    MIAMI SHORES,FL331530947     		NONE PC GENERAL OPERATING SUPPORT 1,500
    PALM BEACH COUNTY FOOD BANK
    701 BOUTWELL RD STE A2
    LAKE WORTH BEACH,FL334613883     		NONE PC THE CAPITAL CAMPAIGN 15,000
    PATH WITH ART
    312 2ND AVE S
    SEATTLE,WA981042619     		NONE PC THE CAPITAL CAMPAIGN AND THE ANNUAL FUND 7,000
    PLANNED PARENTHOOD OF NORTH CENTRAL STATES
    671 VANDALIA ST
    SAINT PAUL,MN551141312     		NONE PC GENERAL OPERATING SUPPORT 5,000
    PLYMOUTH HOUSING GROUP
    2113 3RD AVE
    SEATTLE,WA981212321     		NONE PC GENERAL OPERATING SUPPORT 1,000
    PUGET SOUND RESTORATION FUND
    382 WYATT WAY NE
    BAINBRIDGE ISLAND,WA98110     		NONE PC GENERAL OPERATING SUPPORT 2,000
    READ WITH ME
    PO BOX 1016
    RANCHO MIRAGE,CA922701016     		NONE PC GENERAL OPERATING SUPPORT 2,000
    ROUTT COUNTY UNITED WAY
    PO BOX 774005
    STEAMBOAT SPRINGS,CO804774005     		NONE PC GENERAL OPERATING SUPPORT 2,500
    RYAN LICHT SANG BIPOLAR FOUNDATION
    875 N MICHIGAN AVE STE 3100
    CHICAGO,IL606111962     		NONE PC GENERAL OPERATING SUPPORT 2,500
    SCIENCE MUSEUM OF MINNESOTA
    120 KELLOGG BLVD W
    SAINT PAUL,MN551021202     		NONE PC THE EDWARD R. TITCOMB ENDOWED FUND 1,000
    SCIENCE MUSEUM OF MINNESOTA
    120 KELLOGG BLVD W
    SAINT PAUL,MN551021202     		NONE PC THE ANNUAL FUND AND THE EDWARD R. TITCOMB ENDOWED FUND 8,000
    SEATTLE AQUARIUM SOCIETY
    1483 ALASKAN WAY PIER 59
    SEATTLE,WA981012015     		NONE PC "ONE OCEAN ONE FUTURE" CAPITAL CAMPAIGN 20,000
    SEATTLE AQUARIUM SOCIETY
    1483 ALASKAN WAY PIER 59
    SEATTLE,WA981012015     		NONE PC THE ANNUAL FUND 1,000
    SEATTLE ART MUSEUM
    1300 1ST AVE
    SEATTLE,WA981012003     		NONE PC GENERAL OPERATING SUPPORT 3,000
    SEATTLE AUDUBON SOCIETY
    8050 35TH AVE NE
    SEATTLE,WA98115     		NONE PC GENERAL OPERATING SUPPORT 1,000
    SOCIETY OF THE FOUR ARTS
    FOUR ARTS PLAZA
    PALM BEACH,FL334800000     		NONE PC GENERAL OPERATING SUPPORT 2,500
    SOLID GROUND
    1501 N 45TH ST
    SEATTLE,WA981036708     		NONE PC GENERAL OPERATING SUPPORT 2,000
    SOUTH FLORIDA SCIENCE CENTER AND AQUARIUM
    4801 DREHERTRL N
    WEST PALM BEACH,FL334053017     		NONE PC GENERAL OPERATING SUPPORT 2,000
    ST PAUL ACADEMY AND SUMMIT SCHOOL
    1712 RANDOLPH AVE
    SAINT PAUL,MN551052159     		NONE PC THE SAM SEWAIL FUND 1,000
    ST PAUL ACADEMY AND SUMMIT SCHOOL
    1712 RANDOLPH AVE
    SAINT PAUL,MN551052159     		NONE PC THE BUILDING FUTURES CAMPAIGN 18,000
    ST PAUL'S EPISCOPAL CHURCH
    PO BOX 770722
    STEAMBOAT SPRINGS,CO80477     		NONE PC THE CAPITAL FUND 3,000
    STANWOOD CAMANO ISLAND FOOD BANK
    PO BOX 1285
    STANWOOD,WA982921285     		NONE PC GENERAL OPERATING SUPPORT 2,500
    STRINGS MUSIC FESTIVAL
    PO BOX 774627
    STEAMBOAT SPRINGS,CO804774627     		NONE PC GENERAL OPERATING SUPPORT 5,000
    UCSF - BENIOFF CHILDREN'S HOSPITAL FOUNDATION
    LOCKBOX 45339
    SAN FRANCISCO,CA94145     		NONE PC GENERAL OPERATING SUPPORT 1,000
    UNIVERSITY OF PUGET SOUND
    1500 N WARNER ST STOP 1075
    TACOMA,WA984161075     		NONE PC THE JULIE C. TITCOMB SCHOLARSHIP FUND 1,000
    UNIVERSITY OF PUGET SOUND
    1500 N WARNER ST STOP 107S
    TACOMA,WA984161075     		NONE PC THE JULIE C. TITCOMB SCHOLARSHIP FUND 3,000
    UNIVERSITY OF PUGET SOUND
    1500 N WARNER ST STOP 107S
    TACOMA,WA984161075     		NONE PC THE JULIE C. TITCOMB SCHOLARSHIP FUND 1,500
    UNIVERSITY OF PUGET SOUND
    1500 N WARNER ST STOP 1075
    TACOMA,WA984161075     		NONE PC THE PUGET SOUND FUND 20,000
    UNIVERSITY OF PUGET SOUND
    1500 N WARNER ST STOP 1075
    TACOMA,WA984161075     		NONE PC THE JULIE C. TITCOMB SCHOLARSHIP FUND 5,000
    UNIVERSITY PREPARATORY ACADEMY
    8000 25TH AVE NE
    SEATTLE,WA981154600     		NONE PC THE PUMA FUND 1,500
    WEYERHAEUSER FAMILY FOUNDATION
    30 7TH ST E STE 2000
    SAINT PAUL,MN551014930     		NONE PF GENERAL OPERATING SUPPORT 1,500
    WEYERHAEUSER FAMILY FOUNDATION
    30 7TH ST E STE 2000
    SAINT PAUL,MN551014930     		NONE PF UNRESTRICTED SUPPORT 1,000
    WEYERHAEUSER FAMILY FOUNDATION
    30 7TH ST E STE 2000
    SAINT PAUL,MN551014930     		NONE PF UNRESTRICTED SUPPORT 1,000
    WILLAMETTE JAZZ SOCIETY
    PO BOX 12194
    EUGENE,OR974404394     		NONE PC GENERAL OPERATING SUPPORT 3,000
    WILLIAMS COLLEGE
    PO BOX 67
    WILLIAMSTOWN,MA012670067     		NONE PC THE CLASS OF 1970 50TH REUNION AND IS 125,000 OVER 5 YEARS 30,000
    WILLIAMS COLLEGE
    PO BOX 67
    WILLIAMSTOWN,MA012670067     		NONE PC THE CIASS OF 1970 50TH REUNION AND IS OVER $125,000 OVER 5 YEARS 5,000
    WORLD BICYCLE RELIEF
    1000 WEST FULTON MARKET 4TH
    CHICAGO,IL60607     		NONE PC GENERAL OPERATING SUPPORT 1,000
    WORLD BICYCLE RELIEF
    1000 WEST FULTON MARKET 4TH
    CHICAGO,IL60607     		NONE PC GENERAL OPERATING SUPPORT 1,000
    Total .................................bullet 3a 276,000
    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 ............     		    18 242,934  
    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) .. 0 555,980 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    555,980
    (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:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX SERVICE 35,586 3,781   30,305

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WEYERHAEUSER FAMILY FOUNDATION
          		30 EAST SEVENTH STREET SUITE 2000
    ST PAUL,MN551014930     		2021-11-15 3,500 FOR GENERAL SUPPORT OF THE WEYERHAEUSER FAMILY FOUNDATION PROVIDED NEITHER THE GRANT NOR THE INCOME THEREFROM IS USED FOR ANY PURPOSE OTHER THAN THOSE DESCRIBED IN IRC SECTION 170(C)(2)(B). THE WEYERHAEUSER FAMILY FOUNDATION IS A PRIVATE, GRANT-MAKING FOUNDATION THAT DOES NOT CONDUCT ANY PROGRAMS OF ITS OWN. SINCE THIS GRANT WAS MADE FOR GENERAL SUPPORT, THE EXPENDITURE RESPONSIBILITY AGREEMENT DID NOT PROVIDE THAT THE PRINCIPAL AND INCOME, IF ANY, FROM THE GRANT FUNDS WOULD HAVE TO BE EXPENDED FOR ANY PARTICULAR PURPOSE OR WITHIN ANY SPECIFIC PERIIOD OF TIME. 3,500 THE GRANTEE HAS NOT DIVERTED ANY PORTION FROM THE PURPOSE OF THE GRANT. 03/15/2022   TO THE KNOWLEDGE OF THE GRANTOR, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT. TO THE KNOWLEDGE OF THE GRANTOR, NEITHER THE PRINCIPAL NOR THE INCOME FROM THE GRANT FUNDS HAS BEEN USED FOR ANY PURPOSE WHICH WOULD RESULT IN TAX UNDER IRC SECTION 4945(D). NO VERIFICATIONS HAVE BEEN UNDERTAKEN.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GUGGENHEIM TOTAL RETURN BOND FD INSTL 213,311 211,801
    PERFORMANCE TRUST STRATEGIC BOND FD 214,910 212,412
    PIMCO INCOME FUND INSTITUTIONAL FUND 211,902 213,593

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AQR EMERGING MULTI STYLE II FUND CL R6 215,281 301,801
    CLEARWATER INTERNATIONAL FUND 1,138,237 1,427,027
    CLEARWATER SELECT EQUITY FUND 860,907 982,618
    FIDELITY CASH RESERVES 47,257 47,257
    PIMCO ALL ASSET INST CLASS 411,577 445,696
    PRIMECAP ODYSSEY STOCK FD 98,073 118,536
    THIRD AVENUE REAL ESTATE VALUE FD 233,086 305,873
    VANGUARD 500 INDEX FD ADM SHS 429,561 719,485
    VANGUARD EMERGING MKTS STK INDEX INSTL 219,992 247,095
    VANGUARD PRIMECAP CORE FD 124,872 270,521
    VANGUARD REIT INDEX FD ADM 230,999 317,219
    VANGUARD SELECTED VALUE FD 290,716 343,373
    WCM FOCUSED EMERGING MARKETS FUND INSTL 149,604 172,975

    TY 2021 InvestmentsOtherSchedule2
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CLEARWATER OPPORTUNITY FUND LLLP AT COST 292,899 375,078
    CLEARWATER PRIV OPP FD III AT COST 0 122,587
    CLEARWATER PRIV OPP FD IV AT COST 9,000 296,581
    CLEARWATER PRIV OPP FD V AT COST 126,000 424,867
    CLEARWATER PRIV OPP FD VI AT COST 180,000 237,766
    SONEN GLOBAL SUSTAINABLE REAL ASSETS (DE) FEEDER FOUND AT COST 170,466 169,226
    SPELL CAPITAL MEZZANINE PARTNERS SBIC II, LP AT COST 165,000 244,604
    SPELL CAPITAL MEZZANINE PARTNERS SBIC LP AT COST 0 115,284

    TY 2021 OtherDecreasesSchedule
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Description Amount
    OTHER ADJUSTMENTS 20,566


    TY 2021 OtherIncomeSchedule2
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    2020 FEDERAL EXCISE REFUND 12,777 0 12,777
    2020 FEDERAL UBTI REFUND 5,000 0 5,000
    PARTNERSHIP INCOME 103,078 0 103,078
    THRU HARVEST MLP INCOME FUND   0  
    ORDINARY BUSINESS INCOME   -21  
    DIVIDENDS   8  
    PLUS: UBTI LOSS   21  
    THRU SPELL CAPITAL MEZZANINE II, 35-2600658   0  
    ORDINARY BUSINESS INCOME   12,158  
    INTEREST INCOME   72  
    DIVIDENDS   68  
    LESS: UBTI INCOME   -5,178  
    THRU SPELL CAPITAL MEZZANINE, 37-1661465   0  
    ORDINARY BUSINESS INCOME   42,046  
    INTEREST INCOME   15  
    LESS: UBTI INCOME   -5,000  
    THRU SONEN GLOBAL SUSTAINABLE REAL ASSETS (DELEWARE) FEEDER FUND, 46-5160855   0  
    ORDINARY BUSINESS INCOME   -1,040  
    NET RENTAL INCOME/LOSS   -2,723  
    INTEREST INCOME   603  
    DIVIDENDS 0 547 0
    OTHER PORTFOLIO INCOME   -117  
    PLUS: UBTI LOSS   1,341  
    THRU CPOF III, #26-2251284   0  
    ORDINARY BUSINESS INCOME   -633  
    NET RENTAL INCOME/LOSS   -47  
    OTHER NET RENTAL INCOME   -5  
    INTEREST INCOME   701  
    DIVIDENDS   464  
    ROYALTIES   6  
    OTHER PORTFOLIO INCOME   14  
    CANCELLATION OF DEBT   182  
    OTHER INCOME/LOSS   -419  
    PLUS: UBTI LOSS   400  
    THRU CPOF IV, 45-2978316   0  
    ORDINARY BUSINESS INCOME   816  
    INTEREST INCOME   645  
    DIVIDENDS   2,061  
    ROYALTIES   8  
    OTHER PORTFOLIO INCOME   -193  
    CANCELLATION OF DEBT   27  
    OTHER INCOME/LOSS   926  
    LESS: UBTI INCOME   -5,272  
    THRU CPOF V #46-5036194   0  
    ORDINARY BUSINESS INCOME   3,281  
    NET RENTAL INCOME/LOSS   -9  
    OTHER NET RENTAL INCOME/LOSS   -2  
    INTEREST INCOME   1,365  
    DIVIDENDS   9,386  
    ROYALTIES   561  
    OTHER PORTFOLIO INCOME   -284  
    CANCELLATION OF DEBT   -23  
    OTHER INCOME/LOSS   336  
    LESS: UBTI INCOME   -1,896  
    THRU CPOF VI, 82-2245537   0  
    ORDINARY BUSINESS INCOME   1,972  
    NET RENTAL INCOME/LOSS 0 -144 0
    OTHER NET RENTAL INCOME   -288  
    INTEREST INCOME   336  
    DIVIDENDS   377  
    ROYALTIES   176  
    OTHER PORTFOLIO INCOME   24  
    OTHER INCOME/LOSS   -11  
    LESS: UBTI INCOME   -1,246  
    THRU CLEARWATER OPPORTUNITY FUND, 82-2233098   0  
    INTEREST INCOME   1  
    DIVIDENDS   7,720  
    OTHER PORTFOLIO INCOME   5,038  


    TY 2021 OtherIncreasesSchedule
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Description Amount
    ROUNDING 1


    TY 2021 TaxesSchedule
    Name:
    RODMAN FOUNDATION
    EIN:
    23-7025570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN WITHHELD 0 5,281   0
    2020 FEDERAL EXCISE TAX APPLIED TO 2021 12,777 0   0
    2020 FEDERAL UBTI TAX APPLIED TO 2021 5,000 0   0
    2021 FEDERAL EXCISE TAX SECOND QUARTER PAYMENT 1 0   0
    FOREIGN TAXES THRU CPOF III 0 50   0
    FOREIGN TAXES THRU CPOF IV 0 34   0
    FOREIGN TAXES THRU CPOF V 0 189   0
    FOREIGN TAXES THRU CPOF VI 0 2   0
    FOREIGN TAXES THRU COF 0 453   0
    FOREIGN TAXES THRU HARVEST MLP INCOME FUND 0 1   0