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 09-01-2021 , and ending 08-31-2022
Name of foundation
THE HERBERT JONES FOUNDATION
C/O KEYBANK PRIVATE BANK TRUST OFFICER
Number and street (or P.O. box number if mail is not delivered to street address)1301 FIFTH AVE SUITE 2400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98101
A Employer identification number

94-3124801
B Telephone number (see instructions)

(425) 709-4209
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$15,785,861J 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 70,305 70,305  
4 Dividends and interest from securities... 226,907 226,907  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,300,388
b Gross sales price for all assets on line 6a 5,599,592
7 Capital gain net income (from Part IV, line 2)... 2,300,809
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 17,466 17,466  
12 Total. Add lines 1 through 11........ 2,615,066 2,615,487  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,175 1,588   1,587
c Other professional fees (attach schedule).... Click to see attachment 86,825 34,730   48,095
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 47,384 0   0
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 2,451 0   1,814
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 139,835 36,318   51,496
25 Contributions, gifts, grants paid....... 681,989 681,989
26 Total expenses and disbursements. Add lines 24 and 25 821,824 36,318   733,485
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,793,242
b Net investment income (if negative, enter -0-) 2,579,169
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......... 649,298 325,837 325,837
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) 1,267,204 Click to see attachment1,378,033 1,291,897
b Investments—corporate stock (attach schedule)....... 3,201,785 Click to see attachment3,375,185 5,446,706
c Investments—corporate bonds (attach schedule)....... 2,150,058 Click to see attachment2,151,263 1,969,629
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,145,655 Click to see attachment5,976,924 6,751,792
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) 11,414,000 13,207,242 15,785,861
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........ 11,414,000 13,207,242
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 11,414,000 13,207,242
30 Total liabilities and net assets/fund balances (see instructions). 11,414,000 13,207,242
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
11,414,000
2
Enter amount from Part I, line 27a .....................
2
1,793,242
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,207,242
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
13,207,242
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 400000 SHS ALTERNATIVE INVESTMENTS RECEIVABLE     2021-07-01
b 100000 SHS UNITED STATES TREAS NTS     2021-10-29
c 65000 SHS UNITED STATES TREAS NTS     2021-10-29
d 45000 SHS UNITED STATES TREAS NTS     2021-10-29
e 100000 SHS ORACLE CORP     2022-01-24
99 SHS D R HORTON INC     2022-02-11
251 SHS SEAGENINC     2022-02-11
359 SHS MICROSOFT CORP     2022-02-11
1090 SHS CAMECO CORP     2022-02-11
365 SHS BANK OF AMERICA CORP     2022-02-11
15 SHS CHIPOTLE MEXICAN GRILL INC     2022-02-11
1047 SHS OWENS CORNING INC     2022-02-11
2 SHS MASTERCARD INC     2022-02-11
476 SHS MASTERCARD INC     2022-02-11
10 SHS AMERICAN WATER WORKS CO INC COM     2022-02-11
1050 SHS AMERICAN WATER WORKS CO INC COM     2022-02-11
64 SHS PROCTER & GAMBLE CO COM     2022-02-11
1917 SHS MERCK & CO INC COM     2022-02-11
390 SHS NVIDIA CORP COM     2022-02-11
32 SHS AMAZON COM INC COM     2022-02-11
39 SHS HOME DEPOT INC COM     2022-02-11
14 SHS ALPHABET INC COM CLA     2022-02-11
30 SHS BOOKING HOLDINGS INC COM     2022-02-11
268 SHS WALT DISNEY CO COM     2022-02-11
192 SHS WALT DISNEY CO COM     2022-02-11
1015 SHS COSTCO WHOLESALE CORP COM     2022-02-11
1382 SHS COMCAST CORP COM CLA     2022-02-11
198 SHS APPLE INC COM     2022-02-11
35 SHS AMERIPRISE FINANCIAL INC COM     2022-02-11
775 SHS ISHARES CORE S&P MID-CAP ETF CLOSED-END FUND     2022-02-11
260 SHS AMERICAN TOWER CORP     2022-02-11
100 SHS JP MORGAN CHASE & CO     2022-02-11
2807 SHS GOODRX HOLDINGS INC     2022-02-11
581 SHS GOODRX HOLDINGS INC     2022-02-11
2226.12021562902 SHS AMAZON COM INC     2022-03-31
25 SHS AMERICAN TOWERCORP     2022-03-31
40 SHS AMERIPRISE FINANCIAL INC     2022-03-31
225 SHS AMPHENOL CORP     2022-03-31
215 SHS APPLE INC     2022-03-31
400 SHS BANK OF AMERICA CORP     2022-03-31
130 SHS BIOMARIN PHARMACEUTICAL INC     2022-03-31
1190 SHS CAMECO CORP     2022-03-31
5 SHS CHIPOTLE MEXICAN GRILL INC COM CLA     2022-03-31
10 SHS COSTCO WHOLESALE CORP COM     2022-03-31
40 SHS CUMMINS INC COM     2022-03-31
110 SHS D R HORTON INC COM     2022-03-31
30 SHS DANAHER CORP DEL COM     2022-03-31
65 SHS WALT DISNEY CO COM     2022-03-31
40 SHS DOLLAR GENERAL CORP COM     2022-03-31
70 SHS DOMINION ENERGY INC COM     2022-03-31
555 SHS FREEPORT-MCMORAN COPPER & GOLD COM     2022-03-31
15 SHS ALPHABET INC COM CLA     2022-03-31
245 SHS HESS CORP COM     2022-03-31
45 SHS HOME DEPOT INC COM     2022-03-31
90 SHS ISHARES CORE S&P MID-CAP ETF CLOSED-END FUND     2022-03-31
260 SHS ISHARES CORE S&P SMALL-CAP ETF CLOSED-END FUND     2022-03-31
110 SHS JP MORGAN CHASE & CO     2022-03-31
20 SHS MARKETAXESS HOLDINGS INC     2022-03-31
130 SHS MICROSOFT CORP     2022-03-31
110 SHS NEXTERA ENERGY INC     2022-03-31
85 SHS NVIDIA CORP     2022-03-31
35 SHS PARKER HANNIFIN CORP     2022-03-31
70 SHS PROCTER & GAMBLE CO     2022-03-31
20 SHS ROPER TECHNOLOGIES INC     2022-03-31
10 SHS THERMO FISHER SCIENTIFIC INC     2022-03-31
40 SHS UNITEDHEAL TH GROUP INC     2022-03-31
455 SHS WELLSFARGO CO     2022-03-31
25 SHS WEST PHARMACEUTICAL SERVICES INC     2022-03-31
60 SHS XYLEM INC     2022-03-31
60 SHS ZOETIS INC     2022-03-31
245 SHS KRAFT HEINZ CO     2022-03-31
310 SHS INVITATION HOMES INC     2022-03-31
210 SHS WHEATON PRECIOUS METALS CORP     2022-03-31
40 SHS BROADCOM INC     2022-03-31
85 SHS RAYTHEON TECHNOLOGIES CORP     2022-03-31
1010 SHS E20PEN PARENT HOLDINGS INC     2022-03-31
780 SHS ISHARES BARCLAYS TIPS BOND FUND     2022-04-04
125000 SHS BANK OF AMERICA CORP     2022-04-04
100 SHS RAYTHEON TECHNOLOGIES CORP     2022-06-06
45 SHS BROADCOM INC     2022-06-06
276 SHS AMERICAN TOWER CORP     2022-06-06
350 SHS INVITATION HOMES INC     2022-06-06
285 SHS KRAFT HEINZ CO     2022-06-06
1350 SHS CAMECO CORP     2022-06-06
775 SHS ISHARES CORE MSCI EMERG MKTS     2022-06-06
750 SHS ISHARES CORE S&P SMALL-CAP ETF CLOSED-END FUND     2022-06-06
1247 SHS JP MORGAN CHASE & CO     2022-06-06
150 SHS HOME DEPOT INC     2022-06-06
520 SHS NEXTERA ENERGY INC     2022-06-06
6 SHS NEXTERA ENERGY INC     2022-06-06
514.213735930792 SHS AMERIPRISE FINANCIAL INC     2022-06-06
20 SHS THERMO FISHER SCIENTIFIC INC     2022-06-06
20 SHS COSTCO WHOLESALE CORP     2022-06-06
10 SHS AMAZON COM INC     2022-06-06
245 SHS APPLE INC     2022-06-06
285 SHS HESS CORP     2022-06-06
45 SHS UNITEDHEALTH GROUP INC     2022-06-06
68 SHS XYLEM INC     2022-06-06
635 SHS XYLEM INC     2022-06-06
400 SHS NVIDIA CORP     2022-06-06
80 SHS PROCTER & GAMBLE CO     2022-06-06
115 SHS WEST PHARMACEUTICAL SERVICES INC     2022-06-06
635 SHS FREEPORT-MCMORAN COPPER & GOLD     2022-06-06
16 SHS PARKER HANNIFIN CORP     2022-06-06
29 SHS PARKER HANNIFIN CORP     2022-06-06
255 SHS AMPHENOL CORP     2022-06-06
1245 SHS BANK OF AMERICA CORP     2022-06-06
50 SHS DOLLAR GENERAL CORP     2022-06-06
275 SHS ISHARES CORE S&P MID-CAP ETF     2022-06-06
525 SHS WELLS FARGO CO     2022-06-06
40 SHS CUMMINS INC     2022-06-06
1256 SHS D R HORTON INC     2022-06-06
36 SHS ZOETIS INC     2022-06-06
244 SHS ZOETIS INC     2022-06-06
20 SHS ROPER TECHNOLOGIES INC     2022-06-06
80 SHS WALT DISNEY CO     2022-06-06
1150 SHS E20PEN PARENT HOLDINGS INC     2022-06-06
145 SHS MICROSOFT CORP     2022-06-06
600 SHS INVESCO S&P 500 EQUAL WEIGHT     2022-06-06
20 SHS ALPHABET INC     2022-06-06
53 SHS CHIPOTLE MEXICAN GRILL INC     2022-06-06
35 SHS DANAHER CORP DEL COM     2022-06-06
246 SHS MARKETAXESS HOLDINGS INC COM     2022-06-06
1050 SHS ISHARES CORE MSCI EAFE ETF CLOSED-END FUND     2022-06-06
(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 400,000   400,000 0
b 103,977   101,951 2,026
c 67,026   67,175 -149
d 45,703   45,688 15
e 101,390   99,542 1,848
8,779   8,988 -209
35,616   44,058 -8,442
110,475   2,190 108,285
24,340   11,801 12,539
17,958   11,202 6,756
23,731   15,839 7,892
97,678   66,634 31,044
588   81 507
181,647   25,208 156,439
1,502   550 952
162,912   59,732 103,180
10,232   5,885 4,347
147,091   145,008 2,083
101,995   19,501 82,494
103,479   7,472 96,007
14,289   3,132 11,157
39,395   20,222 19,173
78,329   9,711 68,618
38,832   49,046 -10,214
27,919   20,575 7,344
538,758   36,723 502,035
68,091   40,541 27,550
34,709   622 34,087
11,132   5,420 5,712
209,580   45,308 164,272
64,386   28,444 35,942
15,645   10,194 5,451
17,301   24,146 -6,845
66,302   92,537 -26,235
33,753   2,335 31,418
6,210   2,594 3,616
12,446   5,304 7,142
17,295   18,025 -730
38,026   675 37,351
17,278   12,276 5,002
10,263   11,718 -1,455
32,661   12,884 19,777
7,951   5,280 2,671
5,650   362 5,288
8,391   10,337 -1,946
8,774   9,987 -1,213
8,812   5,264 3,548
9,229   2,220 7,009
9,125   8,241 884
5,869   5,682 187
27,517   5,979 21,538
42,831   21,666 21,165
25,715   22,923 2,792
14,229   3,614 10,615
24,646   5,262 19,384
28,548   17,633 10,915
15,465   11,213 4,252
7,101   10,011 -2,910
40,563   793 39,770
9,205   4,841 4,364
23,968   4,250 19,718
10,285   10,938 -653
10,782   6,436 4,346
9,443   7,961 1,482
5,905   3,451 2,454
20,397   19,901 496
23,490   26,758 -3,268
10,362   10,198 164
5,308   5,663 -355
11,553   12,262 -709
9,559   8,734 825
12,846   13,206 -360
9,935   11,518 -1,583
25,217   14,967 10,250
8,514   5,437 3,077
9,434   9,378 56
97,571   77,835 19,736
125,826   124,825 1,001
9,425   9,573 -148
25,653   27,231 -1,578
69,109   28,638 40,471
13,236   14,910 -1,674
9,982   10,160 -178
34,460   14,616 19,844
40,540   46,984 -6,444
75,823   50,865 24,958
160,477   52,306 108,171
44,584   12,048 32,536
441   553 -112
39,187   29,216 9,971
114,625   46,003 68,622
11,129   6,902 4,227
9,229   724 8,505
24,169   2,335 21,834
36,162   770 35,392
35,822   20,595 15,227
21,775   22,388 -613
5,715   6,141 -426
53,335   49,358 3,977
75,497   20,001 55,496
11,426   7,298 4,128
35,683   46,912 -11,229
26,237   27,407 -1,170
4,319   5,263 -944
7,975   6,232 1,743
17,792   20,429 -2,637
44,955   34,026 10,929
10,959   10,301 658
68,617   16,077 52,540
23,398   30,875 -7,477
8,305   9,001 -696
94,930   114,030 -19,100
6,026   8,415 -2,389
40,745   24,597 16,148
8,620   9,038 -418
8,642   2,733 5,909
9,534   10,678 -1,144
38,408   885 37,523
88,054   85,476 2,578
45,654   42,380 3,274
72,759   54,968 17,791
9,276   10,210 -934
69,400   56,212 13,188
68,768   77,060 -8,292
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       0
b       2,026
c       -149
d       15
e       1,848
      -209
      -8,442
      108,285
      12,539
      6,756
      7,892
      31,044
      507
      156,439
      952
      103,180
      4,347
      2,083
      82,494
      96,007
      11,157
      19,173
      68,618
      -10,214
      7,344
      502,035
      27,550
      34,087
      5,712
      164,272
      35,942
      5,451
      -6,845
      -26,235
      31,418
      3,616
      7,142
      -730
      37,351
      5,002
      -1,455
      19,777
      2,671
      5,288
      -1,946
      -1,213
      3,548
      7,009
      884
      187
      21,538
      21,165
      2,792
      10,615
      19,384
      10,915
      4,252
      -2,910
      39,770
      4,364
      19,718
      -653
      4,346
      1,482
      2,454
      496
      -3,268
      164
      -355
      -709
      825
      -360
      -1,583
      10,250
      3,077
      56
      19,736
      1,001
      -148
      -1,578
      40,471
      -1,674
      -178
      19,844
      -6,444
      24,958
      108,171
      32,536
      -112
      9,971
      68,622
      4,227
      8,505
      21,834
      35,392
      15,227
      -613
      -426
      3,977
      55,496
      4,128
      -11,229
      -1,170
      -944
      1,743
      -2,637
      10,929
      658
      52,540
      -7,477
      -696
      -19,100
      -2,389
      16,148
      -418
      5,909
      -1,144
      37,523
      2,578
      3,274
      17,791
      -934
      13,188
      -8,292
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 2,300,809
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 35,850
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 35,850
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 27,640
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 27,640
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 8,210
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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)
    bullet
    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 .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.HBJFOUNDATION.COM
    14
    The books are in care ofbulletKEYBANK NATIONAL ASSOCIATION Telephone no.bullet (206) 285-1729

    Located atbullet1301 FIFTH AVE SUITE 2400SEATTLEWA ZIP+4bullet98101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MICHAEL BAUER TRUSTEE
    1.00     		0 0 0
    C/O KEYBANK NATIONAL ASSOCIATION
    1301 FIFTH AVE SUITE 2400
    SEATTLE,WA98101
    TERRY SMITH TRUSTEE
    1.00     		0 0 0
    C/O KEYBANK NATIONAL ASSOCIATION
    1301 FIFTH AVE SUITE 2400
    SEATTLE,WA98101
    TOM CRHA TRUSTEE
    1.00     		0 0 0
    C/O KEYBANK NATIONAL ASSOCIATION
    1301 FIFTH AVE SUITE 2400
    SEATTLE,WA98101
    TAMMY MILLER TRUSTEE
    1.00     		0 0 0
    C/O KEYBANK NATIONAL ASSOCIATION
    1301 FIFTH AVE SUITE 2400
    SEATTLE,WA98101
    KAYLEE JAECH TRUSTEE
    1.00     		0 0 0
    C/O KEYBANK NATIONAL ASSOCIATION
    1301 FIFTH AVE SUITE 2400
    SEATTLE,WA98101
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A 0
    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
    16,774,615
    b
    Average of monthly cash balances.......................
    1b
    434,999
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,209,614
    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
    17,209,614
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    258,144
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    16,951,470
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    847,574
    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
    847,574
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    35,850
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,850
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    811,724
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    811,724
    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
    811,724
    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 7 811,724
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 729,362
    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$ 733,485
    a Applied to 2020, but not more than line 2a 729,362
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 4,123
    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 ..........     		807,601
    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).)
    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:
    HERBERT B JONES FOUNDATION CO KEYBA
    1301 FIFTH AVE SUITE 2400
    SEATTLE,WA98101
    (206) 285-1729
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ONLINE GRANT APPLICATION ON THE FOUNDATION'S WEBSITE AT HTTPS://HBJFOUNDATION.COM.
    cAny submission deadlines:
    FIRST MONDAY IN APRIL.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION PROMOTES ENTREPRENEURISM AND SMALL BUSINESS THROUGH THE INITIAL AND TEMPORARY SUPPORT OF NEW BUSINESS PROGRAMS MANAGED BY POST- SECONDARY EDUCATIONAL ENTITIES IN THE STATE OF WASHINGTON. SEE MISSION STATEMENT ON WEBSITE.
    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
    EASTERN WASHINGTON UNIVERSITY
    526 5TH ST
    CHENEY,WA99004     		NONE EDUCATION CENTER FOR ENTERPRENEURSHIP 103,509
    NW SCHOOL FOR DEAF AND HARD OF HEARING CHILDREN
    15303 WESTMINSTER WAY N
    SHORELINE,WA98133     		NONE EDUCATION EDUCATIONAL PROGRAMS FOR DEAF AND HARD OF HEARING CHILDREN 31,000
    PACIFIC LUTHERAN UNIVERSITY
    12180 PARK AVE S
    TACOMA,WA98447     		NONE EDUCATION BUSINESS PLAN AWARD 16,900
    SEATTLE PACIFIC UNIVERSITY
    3307 3RD AVE W
    SEATTLE,WA98119     		NONE EDUCATION CAMPUS COURSE DEVELOPMENT, SOCIAL VENTURE COMPETITION, STUDENT LAUNCH AWARDS 35,080
    SEATTLE UNIVERSITY
    901 12TH AVE
    SEATTLE,WA98122     		NONE EDUCATION PROGRESS AWARDS AND BUSINESS PLAN AWARD 35,000
    UNIVERSITY DISTRICT SPOKANE
    120 N PINE ST SUITE 292
    SPOKANE,WA99202     		NONE EDUCATION BUSINESS PLAN AWARDS 30,000
    UNIVERSITY OF WASHINGTON
    4333 BROOKLYN AVE NE BOX 359504
    SEATTLE,WA981959504     		NONE EDUCATION ACCELERATOR AWARD, BUSINESS PLAN COMPETITION, ENVIRONMENTAL AND HEALTH CHALLENGES 202,500
    VENTURES
    2100 24TH AVE S SUITE 380
    SEATTLE,WA98144     		NONE EDUCATION BUSINESS SAVERS CLUBS 25,000
    WASHINGTON BUSINESS WEEK
    923 POWELL AVE SW SUITE 100
    RENTON,WA98057     		NONE EDUCATION SEATTLE UNIVERSITY LAUNCH 30,000
    WASHINGTON STATE UNIVERSITY
    PO BOX 641925
    PULLMAN,WA99164     		NONE EDUCATION BUSINESS PLAN AWARD, MILESTONE AWARDS, STUDENT VENTURE MANAGER 140,000
    WHITWORTH UNIVERSITY
    300 W HAWTHORNE RD
    SPOKANE,WA99251     		NONE EDUCATION BUSINESS PLAN COMPETITION 33,000
    Total .................................bullet 3a 681,989
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 70,305  
    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 2,300,388  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 2,615,066 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,615,066
    (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:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 3,175 1,588   1,587

    TY 2021 AppliedToPriorYearElection
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Election:
    THE HERBERT JONES FOUNDATION DECLARES THAT IT IS MAKING AN ELECTION UNDER REG. SEC. 53.4942(A)-3(D)(2) TO TREAT ITS QUALIFYING DISTRIBUTION FOR THE TAX YEAR ENDED AUGUST 31, 2022 AS SET FORTH BELOW.THE QUALIFIED DISTRIBUTION TOTALED $698,755 AND SHALL FIRST BE MADE OUT OF THE UNDISTRIBUTED INCOME OF THE IMMEDIATELY PRECEDING TAX YEAR IN THE AMOUNT OF $729,362.THE HERBERT JONES FOUNDATIONBY: MICHAEL BAUER, TRUSTEEDATE: JANUARY 15, 2023

    TY 2021 ExplnOfNonFilingWithAGStmt
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Statement:
    NOT REQUIRED.

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ISHARES BARCLAYS MBS BOND BASIS ADJUSTMENT   PURCHASED 2022-01     421 COST 0 -421  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 2,023,136 1,849,070
    FOREIGN CORPORATE BONDS 128,127 120,559

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 3,140,182 5,014,727
    FOREIGN COMMON STOCK 235,003 431,979

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    US Government Securities - End of Year Book Value:

    1,378,033
    US Government Securities - End of Year Fair Market Value:

    1,291,897
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIXED INCOME INVESTMENTS AT COST 723,749 672,927
    U.S. MUTUAL FUNDS AT COST 1,177,981 2,042,466
    FOREIGN MUTUAL FUNDS AT COST 2,747,456 2,637,540
    LIMITED PARTNERSHIPS AT COST 400,000 480,160
    REAL ASSETS AT COST 67,357 76,889
    INFRASTRUCTURE FUND AT COST 106,952 102,502
    NATURAL RESOURCES AT COST 100,280 87,083
    ALTERNATIVE MUTUAL FUNDS AT COST 653,149 651,625
    MISCELLANEOUS ASSETS AT COST 0 600

    TY 2021 OtherExpensesSchedule
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WEBSITE SERVICES 138 0   138
    WEBSITE HOSTING 103 0   103
    TRAVEL - ATTEND BUSINESS PLAN COMPETITION 937 0   937
    WA STATE FILING FEES 1,273 0   636


    TY 2021 OtherIncomeSchedule2
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION SETTLEMENT - ABSA GROUP LTD 4 4 4
    IDR CORE PROPERTY LP DISTRIBUTION 17,462 17,462 17,462


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KEY BANK FEES 86,825 34,730   48,095


    TY 2021 TaxesSchedule
    Name:
    THE HERBERT JONES FOUNDATION
     
    C/O KEYBANK PRIVATE BANK TRUST OFFICER
    EIN:
    94-3124801
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES PAID 47,384 0   0