Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo 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
AVEN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 465
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEDINA, WA98039
A Employer identification number

91-2009458
B Telephone number (see instructions)

(425) 586-8011
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$87,205,391J 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 right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,700,017 1,700,017  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,169,683
b Gross sales price for all assets on line 6a 30,734,934
7 Capital gain net income (from Part IV, line 2)... 0
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
List of Attached Documents:
// Content
677,790 601,665  
12 Total. Add lines 1 through 11........ 1,208,124 2,301,682  
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
List of Attached Documents:
// Content
35,352 31,817   3,535
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
93,432 93,432   0
17 Interest............... 20,056 20,056   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
72,832 38,076   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
List of Attached Documents:
// Content
488,563 508,102   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 710,235 691,483   3,535
25 Contributions, gifts, grants paid....... 5,802,100 5,802,100
26 Total expenses and disbursements. Add lines 24 and 25 6,512,335 691,483   5,805,635
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,304,211
b Net investment income (if negative, enter -0-) 1,610,199
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 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............. 3,032,465 1,125,993 1,125,993
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   15,000    
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   25,000 25,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 51,703,346 Click to see attachment
List of Attached Documents:
// Content
47,451,238 		54,092,590
c Investments—corporate bonds (attach schedule)....... 10,649,821 Click to see attachment
List of Attached Documents:
// Content
8,424,092 		7,451,311
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,964,653 Click to see attachment
List of Attached Documents:
// Content
18,899,588 		24,455,673
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
54,824 		Click to see attachment
List of Attached Documents:
// Content
54,824
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 81,365,285 75,980,735 87,205,391
Liabilities 17 Accounts payable and accrued expenses.......... 5,795  
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
74,544 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 80,339 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 81,284,946 75,980,735
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)..... 81,284,946 75,980,735
30 Total liabilities and net assets/fund balances (see instructions). 81,365,285 75,980,735
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
81,284,946
2
Enter amount from Part I, line 27a .....................
2
-5,304,211
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
75,980,735
5
Decreases not included in line 2 (itemize) right arrow
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
75,980,735
Form 990-PF (2022)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a NORTHERN TRUST ##9976 P 2021-01-01 2022-12-31
b MERRIL LYNCH #4864 P 2021-01-01 2022-12-31
c FROM PUBLICLY TRADED STOCK P 2021-01-01 2022-12-31
d FROM PASSTHROUGHS P 2021-01-01 2022-12-31
e PINE RIVER - DISTRIBUTIONS IN EXCESS OF BASIS P 2021-01-01 2022-12-31
ABERDEEN ASIA PACIFIC - DISTRIBUTIONS IN EXCESS OF BASIS P 2021-01-01 2022-12-31
CROWN EUROPEAN BUYOUT - DISTRIBUTIONS IN EXCESS OF BASIS P 2021-01-01 2022-12-31
APOLLO - DISTRIBUTIONS IN EXCESS OF BASIS P 2021-01-01 2022-12-31
(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 363,635     363,635
b 101,809   5,174 96,635
c 30,014,935   31,899,443 -1,884,508
d 160,266     160,266
e 1,963     1,963
      0
65,614     65,614
26,712     26,712
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       363,635
b       96,635
c       -1,884,508
d       160,266
e       1,963
      0
      65,614
      26,712
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,169,683
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 (2022)
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 right arrow 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) 1 22,382
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 22,382
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 22,382
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 56,490
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 63,490
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 41,108
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow41,108 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowWA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowN/A
14
The books are in care ofright arrowAVEN FOUNDATION Telephone no.right arrow (425) 586-8011

Located atright arrowPO BOX 465MEDINAWA ZIP+4right arrow98039
15
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
15
 
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
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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
Yes
 
b
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.) .....................
3b
 
No
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
JOHN W STANTON DIRECTOR
0.25 		0 0 0
PO BOX 465
MEDINA,WA98039
THERESA E GILLESPIE DIRECTOR
1.00 		0 0 0
PO BOX 465
MEDINA,WA98039
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...................right arrow 0
Form 990-PF (2022)
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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 Click to see attachment
List of Attached Documents:
// Content
0
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
68,942,495
b
Average of monthly cash balances.......................
1b
3,418,388
c
Fair market value of all other assets (see instructions)................
1c
23,948,939
d
Total (add lines 1a, b, and c).........................
1d
96,309,822
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
96,309,822
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,444,647
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
94,865,175
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,743,259
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
4,743,259
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,382
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,382
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,720,877
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,720,877
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
4,720,877
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
5,805,635
b
Program-related investments—total from Part VIII-B..................
1b
0
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
5,805,635
Form 990-PF (2022)
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 4,720,877
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 5,289,143
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 5,805,635
a Applied to 2021, but not more than line 2a 5,289,143
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..... 516,492
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 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 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 .......... 		4,204,385
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)
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 or
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
         
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).)
JOHN W STANTON
THERESA E GILLESPIE
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
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
AVEN FOUNDATION
PO BOX 465
MEDINA,WA98039
(425) 586-8011
bThe form in which applications should be submitted and information and materials they should include:
NO PARTICULAR FORM
cAny submission deadlines:
NO DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE AVEN FOUNDATION PRE-SELECTS CHARITABLE ORGANIZATIONS TO RECEIVE GRANTS, BUT ALSO ACCEPTS PETITIONS FROM OTHER CHARITABLE ORGANIZATIONS TO RECEIVE GRANTS.
Form 990-PF (2022)
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)
aPaid during the year

ACRES OF DIAMONDS

PO BOX 1672
DUVALL,WA98019 		  PC PROGRAM TO SUPPORT HOMELESS MOMS AND KIDS AS THEY REBUILD THEIR LIVES. 25,000

AMARA

5907 MARTIN LUTHER KING JR WAY S
SEATTLE,WA98118 		  PC IN SUPPORT OF FOSTER CHILDREN. 50,000

ASSISTANCE LEAGUE OF SEATTLE

1415 N 45TH STREET
SEATTLE,WA98103 		  PC TO IMPROVE QUALITY OF LIFE FOR CHILDREN AND ADULTS THROUGH VOLUNTEER AND PHILANTHROPIC PROJECTS. 10,000

ATTAIN HOUSING

125 STATE STREET SOUTH
KIRKLAND,WA98033 		  PC PROVIDES QUALITY, AFFORDABLE URBAN HOUSING INCLUDING COMPANION PROGRAMS FOR RENTAL ASST AND EVICTION PREVENTION. 25,000

BELLEVUE SCHOOLS FOUNDATION

PO BOX 40644
BELLEVUE,WA98015 		  PC PARTNERING TO TRANSFORM EDUCATION AND SUPPORT EVERY BELLEVUE SCHOOL DISTRICT STUDENT. 75,000

BEST DENTAL HELP

25965 TYTLER RD NE
PAULSBO,WA98370 		  PC TO PREVENT DENTAL DECAY IN CHILDREN OF WESTERN WASHINGTON STATE. 10,000

BIRTHDAY DREAMS

PO BOX 2722
RENTON,WA98056 		  PC BRINGING HOPE, JOY AND A SENSE OF SELF-WORTH TO HOMELESS CHILDREN WITH THE GIFT OF A BIRTHDAY PARTY. 5,000

BOYS & GIRLS CLUB OF S PUGET SOUND

3875 S 66TH ST STE 101
TACOMA,WA98409 		  PC ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE PEOPLE. 10,000

BUILDING CHANGES

2014 E MADISON SUITE 200
SEATTLE,WA98112 		  PC WORKING AT THE INTERSECTION OF HOUSING, EDUCATION, AND HEALTH. 25,000

CHILDHAVEN

1035 SW 124TH STREET
SEATTLE,WA98146 		  PC IN SUPPORT OF BREAKING THE CYCLE OF CHILD ABUSE. 25,000

CRISTO REY SEATTLE HIGH SCHOOL

500 UNION ST STE 847
SEATTLE,WA98101 		  PC DELIVERS A CAREER FOCUSED, COLLEGE PREP EDUCATION IN THE CATHOLIC TRADITION FOR STUDENTS WITH LIMITED ECONOMIC RESOURCES. 250,000

COLLEGE SUCCESS FOUNDATION

1605 NW SAMMAMISH RD 200
ISSAQUAH,WA98027 		  PC BENEFITING THE WASHINGTON STATE GOVERNORS SCHOLARSHIPS FOR FOSTER YOUTH. 20,000

COMPASS HOUSING ALLIANCE

220 DEXTER AVE N
SEATTLE,WA98109 		  PC DEVELOPMENT & OPERATION OF PERMANENT AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES. 10,000

DISCOVERY INSTITUTE

208 COLUMBIA ST
SEATTLE,WA98104 		  PC TO ADVANCE A CULTURE OF PURPOSE, CREATIVITY AND INNOVATION IN A DIVERSE SET OF FIELDS. 10,000

DRESS FOR SUCCESS

600 PINE STREET STE 310
SEATTLE,WA98101 		  PC TO EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE. 10,000

EASTSIDE BABY CORNER (NOW KIDVANTAGE)

PO BOX 712
ISSAQUAH,WA98072 		  PC HELPING CHILDREN GET WHAT THEY NEED TO GROW, PLAY, LEARN AND THRIVE. 10,000

EASTSIDE BABY CORNER (NOW KIDVANTAGE)

PO BOX 712
ISSAQUAH,WA98072 		  PC HELPING CHILDREN GET WHAT THEY NEED TO GROW, PLAY, LEARN AND THRIVE. 15,400

EVERGREEN GOODWILL

1765 6TH AVENUE SOUTH
SEATTLE,WA98134 		  PC PROVIDES QUALITY, EFFECTIVE EMPLOYMENT TRAINING AND BASIC EDUCATION TO INDIVIDUALS EXPERIENCING SIGNIFICANT BARRIERS TO ECONOMIC OPPORTUNITY. 10,000

FAMILY LAW CASA

16300 CHRISTENSEN ROAD SUITE 306
TUKWILA,WA98188 		  PC ADVOCATING FOR CHILDREN IN SOME OF THE TOUGHEST CUSTODY CASES IN KING COUNTY. 20,000

FARESTART

700 VIRGINIA STREET
SEATTLE,WA98101 		  PC IN SUPPORT OF TRAINING HOMELESS AND DISADVANTAGED INDIVIDUALS IN FOOD SERVICE INDUSTRY JOBS. 100,000

FOOD LIFELINE

1702 NE 150TH ST
SHORELINE,WA98155 		  PC MISSION IS TO FEED PEOPLE EXPERIENCING HUNGER TODAY AND WORKING TO END HUNGER FOR TOMORROW. 75,000

FRIENDS OF YOUTH

16225 NE 87TH ST SUITE A6
REDMOND,WA98052 		  PC PROVIDE SAFE PLACES AND EMOTIONAL SUPPORT FOR MARGINALIZED YOUNG PEOPLE FACING DIFFICULT CIRCUMSTANCES. 100,000

FRIENDS OF THE CHILDREN

P O BOX 22801
SEATTLE,WA98122 		  PC PROVIDES GENERATIONAL BY EMPOWERING YOUTH WHO ARE FACING THE GREATEST OBSTACLES THROUGH RELATIONSHIPS WITH PROFESSIONAL MENTORS. 100,000

GIRLS WHO CODE

1250 BROADWAY 17TH FLOOR
NEW YORK,NY10001 		  PC AIMS TO SUPPORT AND INCREASE THE NUMBER OF WOMEN IN COMPUTER SCIENCE. 50,000

HAITIAN EDUCATION & LEADERSHIP PROGRAM

64 FULTON ST
NEW YORK,NY10038 		  PC MISSION IS TO CREATE, THROUGH MERIT- AND NEEDS-BASED UNIVERSITY SCHOLARSHIPS, A COMMUNITY OF YOUNG PROFESSIONALS AND LEADERS WHO WILL PROMOTE A MORE JUST SOCIETY IN HAITI. 75,000

HARVARD BUSINESS SCHOOL

124 MOUNT AUBURN STREET CAMBRIDGE
CAMBRIDGE,MA02138 		  PC STUDENT FINANCIAL AID. 10,000

IMAGINE HOUSING

1722 138TH PLACE NE
BELLEVUE,WA98005 		  PC IMAGINE HOUSING DEVELOPS AFFORDABLE HOUSING, BUILDS WELCOMING COMMUNITIES AND FOSTERS VIBRANT FUTURES. 25,000

INVESTED

660 OAKSDALE AVE SW SUITE C-202
RENTON,WA98057 		  PC HELPS BRIDGE THE GAP BETWEEN WHAT LOW INCOME FAMILIES CAN AFFORD, WHAT PUBLIC SCHOOLS CAN SUPPORT, AND WHAT STUDENTS URGENTLY NEED. 10,000

JUNIOR ACHIEVEMENT WA

1610 PERIMETER ROAD
AUBURN,WA98001 		  PC INSPIRE AND PREPARE YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY. 10,000

KIDS & PAPER

7513 33RD AVE NE
SEATTLE,WA98115 		  PC HELPING RESETTLED KIDS ACCLIMATE TO THEIR NEW LIVES THROUGH CREATIVE ARTS. 10,000

KUKIO COMM FUND

827 FORT STREET MALL
HONOLULU,HI96813 		  PC HELPS PEOPLE MAKE A DIFFERENCE BY INSPIRING THE SPIRIT OF GIVING AND BY INVESTING IN PEOPLE AND SOLUTIONS TO BENEFIT EVERY ISLAND COMMUNITY. 10,000

LIFEWIRE

PO BOX 6398
BELLEVUE,WA98008 		  PC IN SUPPORT OF ENDING DOMESTIC VIOLENCE. 25,000

LOOK LISTEN AND LEARN TV

100 ANDOVER PARK WEST SUITE 150-121
TUKWILA,WA98188 		  PC L,L+L INSPIRES AND ADVANCES EARLY LEARNING IN YOUNG CHILDREN OF COLOR ACROSS THE PNW AND BEYOND. 30,000

MOCKINGBIRD SOCIETY

2100 24TH AVE ST STE 240
SEATTLE,WA98144 		  PC TRANSFORM THE FOSTER CARE SYSTEM AND END YOUTH HOMELESSNESS. 25,000

MOHAI FOUNDATION

PO BOX 80816
SEATTLE,WA98108 		  PC SUPPORT OF THE MUSEUM THROUGH BY MANAGING INVESTMENTS AND FACILITATING CONTRIBUTIONS. 25,000

NEW BEGINNINGS

PO BOX 75125
SEATTLE,WA98175 		  PC IN SUPPORT OF ENDING DOMESTIC VIOLENCE. 20,000

NW EDUCATION ACCESS

6920 ROOSEVELT WAY 355
SEATTLE,WA98115 		  PC GIVING STUDENTS THE RESOURCES THEY NEED TO SUCCEED IN HIGH EDUCATION AND EARN CREDENTIAL TO SEURE A LIVING WAGE JOB. 10,000

OLIVE CREST

2500 116TH AVE NE STE 1
BELLEVUE,WA98004 		  PC IN SUPPORT OF ABUSED, NEGLECTED AND AT RISK CHILDREN AND THEIR FAMILIES. 25,000

OPERATION WARM

50 APPLIED BANK BLVD 204
GLEN MILLS,PA19342 		  PC PROVIDES WARMTH, CONFIDENCE, AND HOPE TO CHILDREN IN NEED THROUGH THE GIFT OF BRAND NEW WINTER COATS. 10,000

OXBOW FARM

10819 CARNATION-DUVALL ROAD NE
CARNATION,WA98014 		  PC RESEARCH AND CONSERVATION FARMING METHODS. 25,000

PROSTATE CANCER FOUNDATION

1250 FOURTH ST
SANTA MONICA,CA90401 		  PC RESEACH PROGRAMS FOR PROSTATE CANCER GENERATING LIFE-SAVING RESULTS. 40,000

RAINIER PREP

10211 12TH AV S
SEATTLE,WA98168 		  PC SUPPORTING STUDENT SUCCESS AT RAINIER PREP. 25,000

RAINIER SCHOLARS

2100 24TH AVE S STE 360
SEATTLE,WA98144 		  PC SUPPORT FOR STUDENTS OF COLOR TO ATTEND COLLEGE. 25,000

READING PARTNERS

3250 AIRPORT WAY S 642
SEATTLE,WA98134 		  PC HELP STUDENTS BECOME BETTER READERS AND EMPOWERED LEARNERS. 5,000

ROOTS YOUNG ADULT SHELTER

4541 19TH AVE NE
SEATTLE,WA98105 		  PC YOUNG ADULT OVERNIGHT SHELTER IN SEATTLE, WA. 30,000

SALVATION ARMY NW

111 QUEEN ANNE AV N 300
SEATTLE,WA98019 		  PC RED KETTLE LUCHEON SUPPORTS 24/7 WRAP AROUND SERVICES, MENTAL HEALTH, ADDICTION RECOVERY SERVICES AND MORE. 15,000

SEATTE ANGELS

4616 25TH AVE NE PMB 313
SEATTLE,WA98105 		  PC DARE TO DREAM PROGRAM IMPACTING CHILDREN AND YOUTH IN THE FOSTER CARE SYSTEM. 30,000

SEATTLE CHILDREN'S ZAIN NADELLA

M/S 818-F PO BOX 5371
SEATTLE,WA98145 		  PC ZAIN NADELLA ENDOWED CHAIR IN PEDIATRIC NEUROSCIENCES. 100,000

SEATTLE TENNIS & EDUCATION FOUND

PO BOX 15402
SEATTLE,WA98115 		  PC PROVIDES UNDER-RESOURCED YOUTH OF SEATTLE ACCESS TO TENNIS, MENTORSHIP, EDUCATIONAL OPPORTUNITIES AND LIFE SKILLS. 5,000

SLEEP IN HEAVENLY PEACE

BOX 116
KIMBERLY,ID83341 		  PC PROVIDES BEDS AND BEDDING TO LOW INCOME CHILDREN AND YOUTH. 10,000

SOLID GROUND

1501 NORTH 45TH STREET
SEATTLE,WA98103 		  PC WORKS TO END POVERTY AND UNDO RACISM AND OTHER OPPRESSIONS THAT ARE ROOT CAUSES OF POVERTY. 40,000

SOUND GENERATION

2208 SECOND AVENUE SUITE 100
SEATTLE,WA98121 		  PC PROVIDES SERVICES TO OLDER ADULTS, ADULTS WITH DISABILITIES AND THOSE WHO CARE FOR THEM. 30,000

SPECIAL OLYMPICS OF WASHINGTON

2150 N 107TH STREET 220
SEATTLE,WA98133 		  PC SUPPORTS SPECIAL OLYMPIC ATHLETES FROM THE STATE OF WASHINGTON COMPLETE. 50,000

TOYS FOR KIDS

11232 120TH AVE NE STE 111
KIRKLAND,WA98033 		  PC TO RAISE MONEY DONATE TOYS AND CASH TO LOCAL CHARITIES TO SUPPORT THEIR HOLIDAY PROGRAMS. 10,000

URBAN ARTWORKS

815 SEATTLE BLVD S SUITE B7
SEATTLE,WA98134 		  PC ENGAGE YOUTH AND COMMUNITIES IN THE CREATION OF PUBLIC ART THAT INSPIRES CONNECTIONS AND HONORS THEIR VOICES. 10,000

UNITED WAY

720 SECOND AVENUE
SEATTLE,WA98104 		  PC IN SUPPORT OF BUILDING A COMMUNITY TO HELP PEOPLE IN NEED AND SOLVE OUR COMMUNITY'S TOUGHEST CHALLENGES. 96,700

UW IHME

BOX 359505
SEATTLE,WA98195 		  PC AN INDEPENDENT HEALTH RESEARCH CENTER AT UW MEDICINE, PART OF THE UNIV. OF WASHINGTON. 1,000,000

UW SHELL HOUSE

BOX 359505
SEATTLE,WA98195 		  PC IN SUPPORT OF BUILDING NEW UW SHELL HOUSE. 1,000,000

VINE MAPLE PLACE

BOX 1092
MAPLE VALLEY,WA98038 		  PC BREAKS THE GENERATIONAL CYCLE OF HOMELESSNESS BY WORKING WITH SINGLE PARENTS AND THEIR CHILDREN. 50,000

WAY BACK INN

BOX 621
RENTON,WA98057 		  PC PROVIDES TRANSITIONAL HOUSING TO HOMELESS FAMILIES WITH CHILDREN, WHILE HELPING THEM REBUILD THEIR LIVES, DIGNITY, AND SELF-CONFIDENCE. 20,000

WELLSPRING FAMILY SERVICES

1900 RAINIER AVE S
SEATTLE,WA98144 		  PC COMMITTED TO PREVENTING HOMELESSNESS BEFORE IT HAPPENS. 25,000

WHITMAN COLLEGE

345 BOYER AVE
WALLA WALLA,WA99362 		  PC TO SUPPORT ASSISTANT COACHES ENDOWMENT ISSUES OF CAMPUS CULTURE AND CIVILITY. 1,400,000

YEAR UP

2607 2ND AVENUE 100
SEATTLE,WA98121 		  PC PROVIDES URBAN YOUNG ADULTS WITH OPPORTUNITY TO DEVELOP SKILLS AND PROVIDE PAID INTERNSHIPS. 300,000

YMCA OF GREATER SEATTLE

909 4TH AVE
SEATTLE,WA98104 		  PC BUILDING A COMMUNITY WHERE ALL PEOPLE, ESPECIALLY THE YOUNG, ARE ENCOURAGED TO DEVELOP THEIR FULLEST POTENTIAL IN SPIRIT, MIND AND BODY. 50,000

YWCA SEATTLE KING CO

1118 FIFTH AVE
SEATTLE,WA98101 		  PC PROVIDES RELIEF AND STABILITY, OPPORTUNITIES TO HEAL FROM TRAUMA, AND CONNECTIONS TO HOUSING, EMPLOYMENT, HEALTH CARE, AND OTHER EMERGENCY SERVICES. 25,000

YOUR MONEY MATTERS

BOX 52
AUBURN,WA98071 		  PC PROVIDING FINANCIAL LITERACY EDUCATION AND MENTORING SUPPORT FOR ECONOMICALLY VULBERABLE, BIPOC YOUTH AND YOUNG ADULTS AGES 16-24. 25,000
Total .................................right arrow 3a 5,802,100
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
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
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 ....     14 1,700,017  
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 .....   4,636 14 673,154  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 -1,169,683  
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) .. 4,636 1,203,488 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,208,124
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 35,352 31,817   3,535

TY 2022 AllOthProgRltdInvestmentsSch
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount
N/A 0

TY 2022 InvestmentsCorpBondsSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Name of Bond End of Year Book Value End of Year Fair Market Value
ARTISAN HIGH INCOME FND 3,942,376 3,412,003
BLACKROCK STRATEGIC INCOME OPPORTUNITIES FUND 2,270,144 2,125,076
HARTFORD TOTAL RETURN BOND FUND 2,211,572 1,914,232

TY 2022 InvestmentsCorpStockSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Name of Stock End of Year Book Value End of Year Fair Market Value
ARTISAN DEVELOPING WORLD 1,312,539 1,938,279
ARTISAN INT'L SMALL MID FUND 2,352,762 1,886,446
COLUMBIA SPORTSWEAR 216,250 4,379,000
GRANDEUR PEAK EMERGING MARKETS OPPORTUNITIES FUND 1,317,166 1,520,267
GRANDEUR PEAK INTERNATIONAL OPPORTUNITIES FUND 2,059,902 1,962,615
ISHARES RU1000 7,250,164 7,712,821
ISHARES RU3000 21,318,354 22,410,716
MICROSOFT CORP 125,843 948,968
NORTHERN TRUST INTERNATIONAL EQUITY INDEX FUND 5,469,996 5,506,373
TECHNOLOGY SELECT SPDR FUND 1,999,925 1,776,505
VANGUARD SMALL CAP VALUE 4,028,337 4,050,600

TY 2022 InvestmentsOtherSchedule2
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AETHER REAL ASSETS I, LP AT COST 28,440 4,058
AETHER REAL ASSETS II, LP AT COST 241,713 198,528
CAPE ANN GLOBAL DEVELOPING MARKETS FUND AT COST 1,896,168 1,832,109
DARLINGTON PARTNERS AT COST 2,457,508 3,012,093
DARWIN VENTURE CAPITAL FUND OF FUNDS II AT COST 105,834 2,474,505
DARWIN VENTURE CAPITAL FUND OF FUNDS III AT COST 1,590,346 2,619,133
DARWIN VENTURE CAPITAL FUND OF FUNDS IV AT COST 831,222 1,629,055
DARWIN VENTURE CAPITAL FUND OF FUNDS V AT COST 737,299 1,015,949
EMR CAPITAL RESOURCES FUND 1 AT COST 317,665 304,263
EMR CAPITAL RESOURCES FUND II AT COST 332,219 288,948
EMR FUND II KESTRAL AT COST 320,070 497,501
EMR FUND II RAVENSWOOD AT COST 141,513 153,118
LANDMARK PRIVATE REAL ESTATE PARTNERS VII AT COST 138,126 107,021
MONTAUK TRIGUARD FUND V AT COST 206,273 289,130
MONTAUK TRIGUARD FUND VI AT COST 129,735 138,163
MONTAUK TRIGUARD FUND VIII AT COST 224,876 345,048
PALMER SQUARE AT COST 3,420,466 3,284,563
PALMER SQUARE SR. LOAN AT COST 2,566,724 2,651,788
SUN CAPITAL PARTNERS V LP AT COST 206,846 93,499
SUN CAPITAL PARTNERS VI LP AT COST 308,460 460,758
ACME IV AT COST 212,974 211,951
EMR FUND II 29 METALS AT COST 2,999 159,881
APOLLO EUROPEAN PRINCIPAL FUND II AT COST 0 55,115
BAYPINE CAPITAL PARTNERS FUND I-A , LP AT COST 361,634 363,926
CROWN EUROPEAN BUYOUT OPPORTUNITIES II FUND (B) AT COST 0 96,679
MACKAY MUNICIPAL CAPITAL TRADING AT COST 2,081,917 2,105,907
MONTAUK TRIGUARD FUND IX AT COST 38,561 60,450
PINE RIVER FIXED INCOME FUND LTD. AT COST 0 2,534

TY 2022 OtherAssetsSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID FEDERAL TAXES 0 54,824 54,824


TY 2022 OtherExpensesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES AND FEES 724 60   0
OTHER PARTNERSHIP EXPENSE 487,509 507,712   0
MISCELLANEOUS EXPENSES 330 330   0


TY 2022 OtherIncomeSchedule2
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 5,549 5,549 5,549
OTHER PARTNERSHIP INCOME 672,241 596,116 672,241


TY 2022 OtherLiabilitiesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Beginning of Year - Book Value End of Year - Book Value
TAXES PAYABLE 66,498 0
OTHER CURRENT LIABILITIES 8,046 0


TY 2022 OtherProfessionalFeesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OVERSIGHT FEES 0 0   0
CUSTODY FEES 21,195 21,195   0
MANAGEMENT FEES 72,237 72,237   0


TY 2022 TaxesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 38,052 38,052   0
STATE TAXES 24 24   0
FEDERAL TAXES 34,756 0   0