TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022

Name of foundation
WAYNE D KUNI AND JOAN E KUNI FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)900 WASHINGTON STREET 830
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
VANCOUVER, WA98660

A Employer identification number

81-5181832

B Telephone number (see instructions)

(360) 663-5864

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$136,143,631J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	2,172,286		2,355,985
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-1,892,300
b	Gross sales price for all assets on line 6a 65,575,727
7	Capital gain net income (from Part IV, line 2)...			2,475,583
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).......	List of Attached Documents: // Content	110,856	411,213
12	Total. Add lines 1 through 11........	390,842		5,242,781
13	Compensation of officers, directors, trustees, etc.	325,735		0	325,735
14	Other employee salaries and wages......	32,740		0	32,740
15	Pension plans, employee benefits.......	16,359		0	16,359
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	39,911	0	39,911
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	30,967	4,675	7,742
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	374,548	249,053	108,043
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	305,440	17,829	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	4,212	0
20	Occupancy..............	55,987		0	55,987
21	Travel, conferences, and meetings.......	8,773		0	8,773
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	89,619	1,250,972	19,068
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,284,291		1,522,529	614,358
25	Contributions, gifts, grants paid.......	3,955,409			3,955,409
26	Total expenses and disbursements. Add lines 24 and 25	5,239,700		1,522,529	4,569,767
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-4,848,858
b	Net investment income (if negative, enter -0-)			3,720,252
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2022)

Form 990-PF (2022)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	628,600	2,300,338	2,300,338
	2	Savings and temporary cash investments.........	4,025,000	3,908,000	3,908,000
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	14,679	7,518	7,518
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	103,427,534	List of Attached Documents: // Content 64,324,567	64,324,567
	c	Investments—corporate bonds (attach schedule).......	15,779,924	List of Attached Documents: // Content 18,331,191	18,331,191
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	40,245,398	List of Attached Documents: // Content 46,429,628	46,429,628
	14	Land, buildings, and equipment: basis 29,483
		Less: accumulated depreciation (attach schedule) 22,393	12,986	List of Attached Documents: // Content 7,090	7,090
	15	Other assets (describe )	List of Attached Documents: // Content 806,509	List of Attached Documents: // Content 835,299	List of Attached Documents: // Content 835,299
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	164,940,630	136,143,631	136,143,631
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	164,940,630	136,143,631
	29	Total net assets or fund balances (see instructions).....	164,940,630	136,143,631
	30	Total liabilities and net assets/fund balances (see instructions).	164,940,630	136,143,631

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

164,940,630

Enter amount from Part I, line 27a .....................

-4,848,858

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

160,091,772

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

23,948,141

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

136,143,631

Form 990-PF (2022)

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
1 a	PUBLICLY TRADED SECURITIES
b	ALTERNATIVE INVESTMENTS	P
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	61,331,567	63,100,144	-1,768,577
b	2,597,854		2,597,854
c	1,646,306		1,646,306
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-1,768,577
b			2,597,854
c			1,646,306
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,475,583
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 ...................		3

Form 990-PF (2022)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	51,712
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	51,712
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	51,712
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	34,940
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	140,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	174,940
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	123,228
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax123,228	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.KUNIFOUNDATION.ORG

The books are in care of right arrow

ANGELA HULT Telephone no. right arrow

(360) 663-5864

Located at right arrow

900 WASHINGTON STREET SUITE 830VANCOUVERWA ZIP+4 right arrow

98660

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2022, 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 right arrow

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2022? .............

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)):

At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2022?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

Yes

If "Yes," did it have excess business holdings in 2022 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 2022.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2022? ..

Form 990-PF (2022)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
GREG GOODWIN	BOARD CHAIR 5.00	45,000
900 WASHINGTON STREET VANCOUVER,WA98660	BOARD CHAIR 5.00	45,000
SEAN KUNI	SECRETARY 2.00	37,500
900 WASHINGTON STREET VANCOUVER,WA98660	SECRETARY 2.00	37,500
JOHN HUNTER	BOARD MEMBER 2.00	26,250
900 WASHINGTON STREET VANCOUVER,WA98660	BOARD MEMBER 2.00	26,250
ANGELA HULT	PRESIDENT 40.00	249,725
900 WASHINGTON STREET VANCOUVER,WA98660	PRESIDENT 40.00	249,725

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...................				0

Form 990-PF (2022)

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
SELLWOOD CONSULTING LLC	INVESTMENT MANAGEMENT	250,015
6650 SW REDWOOD LN SUITE 370 PORTLAND,OR97224	INVESTMENT MANAGEMENT	250,015

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2022)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

99,169,581

Average of monthly cash balances.......................

3,888,358

Fair market value of all other assets (see instructions)................

46,429,628

Total (add lines 1a, b, and c).........................

149,487,567

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

149,487,567

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

2,242,314

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

147,245,253

Minimum investment return. Enter 5% (0.05) of line 5................

7,362,263

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.)

Minimum investment return from Part IX, line 6..................

7,362,263

Tax on investment income for 2022 from Part V, line 5.......

51,712

Income tax for 2022. (This does not include the tax from Part V.) ...

8,251

Add lines 2a and 2b............................

59,963

Distributable amount before adjustments. Subtract line 2c from line 1............

7,302,300

Recoveries of amounts treated as qualifying distributions................

48,298

Add lines 3 and 4............................

7,350,598

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

7,350,598

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

4,569,767

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

4,569,767

Form 990-PF (2022)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2021	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7					7,350,598
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2017......	1,719,587
b From 2018......
c From 2019......	50,782
d From 2020......
e From 2021......
f Total of lines 3a through e ........		1,770,369
4Qualifying distributions for 2022 from Part
XI, line 4: $ 4,569,767
a Applied to 2021, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2022 distributable amount.....					4,569,767
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2022.		1,770,369			1,770,369
(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 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........					1,010,462
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 2017 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2018....
b Excess from 2019....
c Excess from 2020....
d Excess from 2021....
e Excess from 2022....

Form 990-PF (2022)

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 2022, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2022	(b) 2021	(c) 2020	(d) 2019	(e) Total

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 right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

SEE WEBSITE FOR MOST CURRENT INFO
900 WASHINGTON STREET SUITE 830
VANCOUVER,WA98660
(360) 213-0937

bThe form in which applications should be submitted and information and materials they should include:

SEE WEBSITE FOR MOST CURRENT INFO WWW.KUNIFOUNDATION.ORG

cAny submission deadlines:

SEE WEBSITE FOR MOST CURRENT INFO WWW.KUNIFOUNDATION.ORG

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE WEBSITE FOR MOST CURRENT INFO WWW.KUNIFOUNDATION.ORG

Form 990-PF (2022)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
OREGON HEALTH & SCIENCE UNIVERSITY 3181 SW SAM JACKSON PARK RD PORTLAND,OR97239		GOV	TO HELP MAKE A HEALTHIER WORLD THROUGH RESEARCH, HEALTH CARE AND EDUCATION	900,001
FRED HUTCHINSON CANCER CENTER 1100 FAIRVIEW AVE N SEATTLE,WA98109		PC	INNOVATIVE RESEARCH AND COMPASSIONATE CARE TO PREVENT AND ELIMATE CANCER AND INFECTION DISEASE	850,000
UNIVERSITY OF WASHINGTON 1410 NE CAMPUS PKWY SEATTLE,WA98195		GOV DOMESTIC OR FOR	GENERAL SUPPORT	2,182,308
PHAME ACADEMY 1511 NE 17TH AVE PORTLAND,OR97232		PC	PERFORMANCE PROGRAM	3,000
DISABILITY RIGHTS OREGON 511 SW 10TH AVE 200 PORTLAND,OR97205		PC	TO HELP PEOPLE WITH DISABILITIES	7,500
COMMUNITY VISION INC 2475 SE LADD AVE 240 PORTLAND,OR97214		PC	TO ENSURE THAT PEOPLE WITH DISABILITIES DIRECT THEIR OWN LIVES	5,000
NORTH POLE STUDIO 2516 NW 29TH AVE 8 PORTLAND,OR97210		PC	INCREASE OPPORTUNITIES FOR ARTISTS WITH AUTISM AND OTHER DISABILITIES	2,600
COMMUNITY FOUNDATION OF SOUTHWEST WASHINGTON 610 ESTHER ST 201 VANCOUVER,WA98660		PC	GENERAL SUPPORT	5,000
Total ................................. 3a				3,955,409

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2022)

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	(e) Related or exempt function income (See instructions.)
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 ....	901101	6,305	14	2,165,981
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 ............	901101	75,261	18	-1,967,561
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aRETURN OF GRANTS PAID			01	48,298
bREFUND OF STATE TAXES			01	30,530
cALTERNATIVE INVESTMENTS	901101	49,670	14	-17,642
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		131,236		259,606	0

13Total. Add line 12, columns (b), (d), and (e)..................

390,842

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2022)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2022 AccountingFeesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	30,967	4,675		7,742

- TIN:

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

TY 2022 DepreciationSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included
FURNITURE & EQUIPMENT	2018-01-31	29,483	16,497	SL	7.000000000000	4,212	0

- TIN:

TY 2022 InvestmentsCorpBondsSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DOUBLELINE CORE FIXED IN	7,302,648	7,302,648
SCHWAB SHORT-TERM BOND I	7,295,664	7,295,664
SCHWAB US AGGREGATE BOND	3,732,879	3,732,879

- TIN:

TY 2022 InvestmentsCorpStockSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SCHWAB FUNDAMENTAL US	7,794,171	7,794,171
VANGUARD EXTENDED	3,127,487	3,127,487
VANGUARD S&P 500 ETF	11,042,265	11,042,265
VANGUARD SHORT INFLATION	3,685,081	3,685,081
ALPHASIMPLEX MGD FUTS ST	2,393,573	2,393,573
CHAMPLAIN MID CAP ISTIT	3,567,952	3,567,952
DODGE & COX INTERNTIONAL	6,493,948	6,493,948
GQG PARTNERS EMERGING MKTS	3,069,706	3,069,706
GRANDEUR PEAK EMERGING MKTS	2,159,732	2,159,732
JOHCM INTERNATIONAL SELECT	6,461,994	6,461,994
KOPERNIK GLOCAL ALL CAP	3,803,233	3,803,233
PRIMECAP ODYSSEY GROWTH	6,755,874	6,755,874
SEGALL BRYANT & HAMILL	2,063,228	2,063,228
ACI WORLDWIDE INC	7,981	7,981
ADDUS HOMECARE CORP	22,982	22,982
ALBANY INTL CO	22,281	22,281
AMEDISYS INC	16,457	16,457
AMERESCO INC	34,513	34,513
AMERN EAGLE OUTFITRS	21,149	21,149
AMN HEALTHCARE SRVCS	26,425	26,425
AXCELIS TECHNOLOGIES	24,364	24,364
A10 NETWORKS INC	39,347	39,347
BOISE CASCADE CO	18,335	18,335
CA WATER SERVICE GRP	15,766	15,766
CACTUS INC	31,161	31,161
CAMBIUM NETWORKS CORP	17,726	17,726
CASEYS GEN STORES	35,223	35,223
CENTURY COMMUNITIES	19,154	19,154
COHERENT CORP	22,534	22,534
COHERUS BIOSCIENCES	13,250	13,250
COMFORT SYSTEMS USA	45,802	45,802
COMPUTER PROGRMS&SYS	11,351	11,351
CONSENSUS CLOUD SOLUTION	17,526	17,526
CORCEPT THERAPEUTICS	12,430	12,430
CRACKER BARREL OLD COUNT	7,200	7,200
D M C GLOBAL INC	14,774	14,774
DIODES INC	25,355	25,355
DORMAN PRODUCTS INC	18,196	18,196
DRIL QUIP	27,306	27,306
EMCOR GROUP INC	58,355	58,355
ENSIGN GROUP INC	58,753	58,753
EVERCORE INC	10,690	10,690
EVERTEC INC	16,805	16,805
EXPONENT INC	18,233	18,233
FRANKLIN ELECTRIC CO	15,073	15,073
GENTHERM INC	18,738	18,738
GLACIER BANCORP INC	31,777	31,777
GLOBUS MEDICAL INC	34,090	34,090
HEALTHCARE SVC GROUP	15,588	15,588
HOPE BANCORP INC	19,100	19,100
INSTEEL INDUSTRIES	17,750	17,750
J & J SNACK FOOD CORP	22,606	22,606
L H C GROUP	27,487	27,487
LA-Z-BOY INC	20,219	20,219
LAKELAND FINL	14,594	14,594
LANDSTAR SYS INC	29,322	29,322
LEMAITRE VASCULAR	33,641	33,641
LITHIA MOTORS INC	25,183	25,183
LUMENTUM HOLDINGS INC	15,234	15,234
MA COM TECH SOLUTN	22,043	22,043
MASTEC INC	25,087	25,087
MEDIFAST INC	13,265	13,265
MEDPACE HOLDINGS INC	45,031	45,031
METHODE ELECTRONICS	48,363	48,363
MILLERKNOLL INC	17,144	17,144
N V E CORP	14,504	14,504
NEOGEN CORP	20,332	20,332
O S I SYSTEMS INC	14,711	14,711
OLLIES BARGAIN OUTLET HO	13,022	13,022
OMNICELL INC	15,328	15,328
ONTO INNOVATION INC	23,968	23,968
PEDIATRIX MEDICAL GROUP	12,022	12,022
PERFICIENT INC	16,061	16,061
PERFORMANCE FOOD GROUP	31,881	31,881
PHIBRO ANIMAL HEALTH	13,598	13,598
PHOTRONICS INC	15,399	15,399
QUAKER HOUGHTON	20,195	20,195
QUALYS INC	12,570	12,570
R B C BEARINGS INC	28,890	28,890
R P C INC	18,971	18,971
ROGERS CORP	24,226	24,226
SELECT ENERGY SERVICES	13,934	13,934
SEMTECH CORP	20,485	20,485
SHAKE SHACK	10,798	10,798
SHUTTERSTOCK INC	6,748	6,748
SITEONE LANDSCAPE SUPPLY	23,581	23,581
SLEEP NUMBER CORP	10,860	10,860
SUPERNUS PHARMA	22,615	22,615
SYNAPTICS INC	16,177	16,177
TANDEM DIABETES CARE	6,113	6,113
TETRA TECH INC	41,524	41,524
TTEC HLDGS INC	15,578	15,578
US PHYSICAL THERAPY	25,281	25,281
UFP INDS INC	27,500	27,500
VISHAY PRECISION GRP	20,716	20,716
WD-40 CO	8,544	8,544
WESBANCO INC	17,159	17,159
YETI HOLDINGS INC	14,087	14,087
ZIFF DAVIS INC	24,284	24,284
ZYNEX INC	18,097	18,097
1ST FINL BANK	23,805	23,805

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ACCRUED INTEREST	FMV	1,059	1,059
CITY OFFICE REIT INCO	FMV	6,930	6,930
EASTERLY GOVT PPTYS	FMV	6,350	6,350
GETTY REALTY CORP	FMV	21,630	21,630
LTC PROPERTIES INC	FMV	11,974	11,974
SPUR VENTURES V LP	FMV	7,334,291	7,334,291
PDX PHARMACEUTICALS	FMV	3,500,000	3,500,000
KANE 1 LLC	FMV	5,250	5,250
ENDEAVOUR ASSOCIATES FUND VII LP	FMV	606,994	606,994
THE HIGHCLERE INTERNATIONAL INVESTORS SMALLER COMPANIES FUND	FMV	6,598,985	6,598,985
BPEA IV LP	FMV	3,716,159	3,716,159
BPEA V LP	FMV	3,234,372	3,234,372
BPEA VI LP	FMV	772,583	772,583
ABRY PARTNERS IX LP	FMV	3,314,874	3,314,874
ABRY ADVANCED SECURITIES FUND IV LP	FMV	3,265,577	3,265,577
SPUR VENTURES VI LP	FMV	5,217,493	5,217,493
KEI HOLDING COMPANY	FMV	4,813,079	4,813,079
ABBOTT SECONDARY OPPORTUNITIES II LP	FMV	1,814,284	1,814,284
SPUR VENTURES VII LP	FMV	365,039	365,039
OAKTREE OPPORTUNITIES FUND XI FEEDER (CAYMAN) LP	FMV	1,822,705	1,822,705

- TIN:

TY 2022 LandEtcSchedule2

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
FURNITURE & EQUIPMENT	29,483	20,709	8,774

- TIN:

TY 2022 LegalFeesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	39,911	0		39,911

- TIN:

TY 2022 OtherAssetsSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ART	6,509	35,299	35,299
PROGRAM-RELATED INVESTMENTS	800,000	800,000	800,000

- TIN:

TY 2022 OtherDecreasesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Amount
UNREALIZED LOSS FROM INVESTMENTS	19,593,448
RETURN OF FUNDS ERRONEOUSLY TRANSFERRED	4,354,693

- TIN:

TY 2022 OtherExpensesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE EXPENSE	6,038	0	6,038
INSURANCE	1,841	0	1,346
DUES AND SUBSCRIPTIONS	6,793	0	6,793
IT SUPPORT	3,755	0	3,755
ADVERTISING	1,136	0	1,136
BANK & MERCHANT FEES	758	758	0
ALTERNATIVE INVESTMENT EXPENSES	69,298	1,250,214	0

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
RETURN OF GRANTS PAID	48,298		48,298
REFUND OF STATE TAXES	30,530		30,530
ALTERNATIVE INVESTMENTS	32,028	411,213	32,028

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	266,505	249,053	0
CONSULTING	107,714	0	107,714
STAFFING	329	0	329

- TIN:

TY 2022 TaxesSchedule

Name:

WAYNE D KUNI AND JOAN E KUNI FOUNDATION

EIN:

81-5181832

Category	Amount	Net Investment Income
FOREIGN TAX	0	17,829
EXCISE TAXES	305,000	0
STATE TAXES	440	0