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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE BULLITT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1501 EAST MADISON STREET 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981224013
A Employer identification number

91-6027795
B Telephone number (see instructions)

(206) 343-0807
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$48,706,824J 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) 750,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 730,540 734,651  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 137,487
b Gross sales price for all assets on line 6a 3,444,830
7 Capital gain net income (from Part IV, line 2)... 127,395
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
-81,598 -6,580  
12 Total. Add lines 1 through 11........ 1,536,429 855,466  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 655,647 79,129   576,518
14 Other employee salaries and wages...... 471,939 0   485,229
15 Pension plans, employee benefits....... 311,751 20,702   306,686
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
8,686 0   8,488
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,339 3,075   41,264
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
226,271 33,056   187,365
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,397 620   3,462
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 48,780 0   48,780
21 Travel, conferences, and meetings....... 44,001 0   44,001
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
71,110 11,593   83,818
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,885,921 148,175   1,785,611
25 Contributions, gifts, grants paid....... 5,835,710 6,315,710
26 Total expenses and disbursements. Add lines 24 and 25 7,721,631 148,175   8,101,321
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,185,202
b Net investment income (if negative, enter -0-) 707,291
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 136,399 200,225 200,225
2 Savings and temporary cash investments......... 3,165,670 342,889 342,889
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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.......... 622 442 442
10a Investments—U.S. and state government obligations (attach schedule) 13,564,690 Click to see attachment
List of Attached Documents:
// Content
10,473,988 		10,473,988
b Investments—corporate stock (attach schedule)....... 3,479,920 Click to see attachment
List of Attached Documents:
// Content
4,009,324 		4,009,324
c Investments—corporate bonds (attach schedule)....... 3,340,000 Click to see attachment
List of Attached Documents:
// Content
3,614,265 		3,614,265
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).......... 2,388,456 Click to see attachment
List of Attached Documents:
// Content
2,231,629 		2,231,629
14 Land, buildings, and equipment: basis right arrow245,207
Less: accumulated depreciation (attach schedule) right arrow245,207      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
27,641,091 		Click to see attachment
List of Attached Documents:
// Content
27,834,062 		Click to see attachment
List of Attached Documents:
// Content
27,834,062
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 53,716,848 48,706,824 48,706,824
Liabilities 17 Accounts payable and accrued expenses.......... 171,968 153,271
18 Grants payable................. 2,505,000 2,025,000
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
850,000 		Click to see attachment
List of Attached Documents:
// Content
1,650,000
23 Total liabilities (add lines 17 through 22)......... 3,526,968 3,828,271
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........ 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 50,189,880 44,878,553
29 Total net assets or fund balances (see instructions)..... 50,189,880 44,878,553
30 Total liabilities and net assets/fund balances (see instructions). 53,716,848 48,706,824
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
50,189,880
2
Enter amount from Part I, line 27a .....................
2
-6,185,202
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
873,875
4
Add lines 1, 2, and 3 ..........................
4
44,878,553
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
44,878,553
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b METROPOLITAN REAL ESTATE PARTNERS GLOBAL II-T, LP P 2021-01-01 2023-12-31
c LEGACY VENTURE IV P 2021-01-01 2023-12-31
d EQUILIBRIUM PARTNERS I LB P 2021-01-01 2023-12-31
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,444,830   3,307,343 137,487
b     10,834 -10,834
c 3,920     3,920
d     3,178 -3,178
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       137,487
b       -10,834
c       3,920
d       -3,178
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 127,395
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  
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 9,831
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 9,831
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 9,831
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 54,555
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 54,555
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
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.......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 44,724
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow44,724 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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, CA
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 2023 or the taxable year beginning in 2023? 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
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 Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.BULLITT.ORG
14
The books are in care ofright arrowSALLEY ANDERSON Telephone no.right arrow (206) 343-0807

Located atright arrow1501 EAST MADISON STREETSEATTLEWA ZIP+4right arrow98122
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
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
DENIS HAYES CEO & CHAIR
60.00 		384,352 75,026 0
1501 E MADISON STREET 600
SEATTLE,WA98122
SALLEY ANDERSON CFO & TREASURER
40.00 		271,295 51,201 0
1501 E MADISON STREET 600
SEATTLE,WA98122
JESSIE WOOLLEY-WILSON VICE CHAIR
1.00 		0 0 0
1501 E MADISON STREET 600
SEATTLE,WA98122
ROB PENA SECRETARY
1.00 		0 0 0
1502 E MADISON STREET 600
SEATTLE,WA98122
ERIM GOMEZ TRUSTEE
1.00 		0 0 0
1503 E MADISON STREET 600
SEATTLE,WA98122
HARRIET BULLITT TRUSTEE
1.00 		0 0 0
1504 E MADISON STREET 600
SEATTLE,WA98122
MARK EDLEN TRUSTEE
1.00 		0 0 0
1505 E MADISON STREET 600
SEATTLE,WA98122
PAUL SCHWER TRUSTEE
1.00 		0 0 0
1506 E MADISON STREET 600
SEATTLE,WA98122
LISA GRAUMLICH TRUSTEE
1.00 		0 0 0
1507 E MADISON STREET 600
SEATTLE,WA98122
HOWARD FRUMKIN TRUSTEE
1.00 		0 0 0
1508 E MADISON STREET 600
SEATTLE,WA98122
RICO QUIRINDONGO TRUSTEE
1.00 		0 0 0
1509 E MADISON STREET 600
SEATTLE,WA98122
ROD BROWN TRUSTEE
1.00 		0 0 0
1510 E MADISON STREET 600
SEATTLE,WA98122
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
STEVEN WHITNEY PROGRAM OFFICER
40.00 		191,083 35,846 0
1501 E MADISON 600
SEATTLE,WA98122
NEELIMA SHAH PROGRAM OFFICER
40.00 		175,645 38,546 0
1501 E MADISON 600
SEATTLE,WA98122
MARY MCNAIR DIRECTOR OF GRANTS
40.00 		118,467 36,684 0
1501 E MADISON 600
SEATTLE,WA98122
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
AMY SOLOMON PROGRAM-GRANT CONSULTING 98,008
2334 FEDERAL AVE E
SEATTLE,WA98102
ROB K HARMON & COMPANY ENERGY CONSULTING 56,400
PO BOX 2777
VASHON,WA98070
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 THE BULLITT FOUNDATION PAID $110,066 IN 2023 FOR CHARITABLE ACTIVITIES PRIMARILY RELATED TO EDUCATION.THIS INCLUDES A DOCENT WHO GIVES BUILDING TOURS TO ORGANIZATIONS WHO ARE INTERESTED IN IMPLEMENTING SOME OF THE BULLITT CENTER FEATURES AND TO STUDENTS FOR A GENERAL ENVIRONMENTAL EDUCATION. SHE WORKS 15 HOURS PER WEEK FOR 750 HOURS A YEAR. IN 2023 THE BULLITT CENTER SAW 1,782 VISITORS ON 81 TOURS (PUBLIC AND PRIVATE).A TECHNICAL MARKETING COMMUNICATIONS MANAGER ISSUES TECHNICAL WHITEPAPERS ON THE MAJOR SYSTEMS OF THE BULLITT CENTER AND FIELDS TECHNICAL QUESTIONS. HE WORKS 350 HOURS PER YEAR.AN ENERGY SYSTEM EXPERT EDUCATED INVESTORS AND OTHER BUILDING OWNERS HOW TO FINANCIALLY BENEFIT FROM RETROFITTING THEIR BUILDINGS TO INCLUDE SOME OF THE BULLITT CENTER FEATURES AND DRASTICALLY REDUCE THEIR ENERGY CONSUMPTION. HE WORKS 10 HOURS PER WEEK FOR 500 HOURS PER YEAR. 110,066
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 arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
20,628,037
b
Average of monthly cash balances.......................
1b
438,020
c
Fair market value of all other assets (see instructions)................
1c
2,323,693
d
Total (add lines 1a, b, and c).........................
1d
23,389,750
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
23,389,750
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
350,846
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,038,904
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,151,945
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
1,151,945
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,831
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,831
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,142,114
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,142,114
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
1,142,114
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
8,101,321
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
8,101,321
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,142,114
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 2,631,120
b From 2019...... 5,760,905
c From 2020...... 6,622,663
d From 2021...... 4,705,903
e From 2022...... 6,126,972
f Total of lines 3a through e ........ 25,847,563
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 8,101,321
a Applied to 2022, 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 2023 distributable amount..... 1,142,114
e Remaining amount distributed out of corpus 6,959,207
5 Excess distributions carryover applied to 2023. 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 32,806,770
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		2,631,120
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		30,175,650
10 Analysis of line 9:
a Excess from 2019.... 5,760,905
b Excess from 2020.... 6,622,663
c Excess from 2021.... 4,705,903
d Excess from 2022.... 6,126,972
e Excess from 2023.... 6,959,207
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
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

1000 FRIENDS OF OREGON

133 SW SECOND AVENUE SUITE 201
PORTLAND,OR97204 		  PC FOR GENERAL OPERATING SUPPORT 40,000

350 PDX

3625 N MISSISSIPPI AVE
PORTLAND,OR97227 		  PC GENERAL SUPPORT GRANT 50,000

350 SEATTLE

5031 UNIVERSITY WAY NE
SEATTLE,WA98105 		  PC GENERAL SUPPORT GRANT 95,000

350ORG

PO BOX 843004
BOSTON,MA02284 		  PC MATCHING GRANTS 1,000

501 COMMONS

1200 12TH AVE S 1101
SEATTLE,WA98144 		  PC MATCHING GRANTS 1,687

ADVANCING EARTH AND SPACE SCIENCE

2000 FLORIDA AVE NW
WASHINGTON DC,DC20009 		  PC MATCHING GRANTS 4,000

ALLIANCE FOR GUN RESPONSIBILITY

PO BOX 4187
SEATTLE,WA98194 		  PC MATCHING GRANTS 300

AMERICAN FARMLAND TRUST

PO BOX 5263
BELLINGHAM,WA98227 		  PC GENERAL SUPPORT GRANT 25,000

AMERICAN RIVERS

PO BOX 1234
BELLINGHAM,WA98227 		  PC TO CONSERVE AND RESTORE WATERSHEDS, RIVERS AND FLOODPLAINS IN THE EMERALD CORRIDOR 25,000

ARTE NOIR

2301 E UNION ST SUITE H
SEATTLE,WA98122 		  PC MATCHING GRANTS 380

AUDUBON SOCIETY OF PORTLAND

5151 NW CORNELL ROAD
PORTLAND,OR97210 		  PC FOR SUPPORT OF THE ORGANIZATION'S URBAN CONSERVATION PROGRAMS. 25,000
AXCELLE BELL


1501 EAST MADISON STREET
SEATTLE,WA98122 		NONE I ENVIRONMENTAL PRIZE WINNER 50,000

BETHANY UNITED CHURCH OF CHRIST

6320 BEACON AVE S
SEATTLE,WA98108 		  PC TO IDENTIFY CULTURALLY AND LINGUISTICALLY COMPETENT ORGANIZATIONS WITH FACILITIES IN BEACON HILL THAT CAN SERVE AS COMMUNITY CLIMATE RESILIENCY CENTERS 50,000

BLACK FARMERS COLLECTIVE

1114 31ST AVE S
SEATTLE,WA98144 		  PC TO BUILD ORGANIZATIONAL STRUCTURE FOR THE LONG-TERM SUSTAINABILITY OF THEIR WORK TO SUPPORT BLACK FARMERS AND THE BROADER COMMUNITY 65,000

BLUEGREEN ALLIANCE FOUNDATION

2701 UNIVERSITY AVE SE SUITE 209
MINNEAPOLIS,MN55414 		  PC TO LEVERAGE THE STRENGTH OF THE LABOR-ENVIRONMENTAL ALLIANCE TO ACHIEVE GREENHOUSE GAS REDUCTIONS NEEDED TO MEET STATE CLIMATE GOALS. 80,000

CALDERA ACTION

PO BOX 31151
SANTA FE,NM87594 		  PC MATCHING GRANTS 3,000

CAPITOL HILL HOUSING - COMMUNITY ROOTS

1620 12TH AVE SUITE 205
SEATTLE,WA98122 		  PC A 1:1 CHALLENGE MATCH 80,000

CARPE DIEM WEST

PO BOX 3008
SAUSALITO,CA94966 		  PC MATCHING GRANTS 250

CASCADE BICYCLE CLUB

7787 62ND AVE NE
SEATTLE,WA98115 		  PC AS SUPPORT FOR POLICY ADVOCACY. 35,000

CASCADIA POLICY SOLUTIONS (WWF)

1250 24TH ST NW
OLYMPIA,WA20037 		  PC TO SUPPORT THE PACIFIC COAST COLLABORATIVE A REGIONAL COLLABORATIVE THAT HAS ADOPTED A GOAL TO REDUCE FOOD WASTE 50,000

CENTER FOR ANIMAL LAW STUDIES AT L&C

10015 SW TERWILLIGER BLVD
PORTLAND,OR97219 		  PC TO ADDRESS THE ENVIRONMENTAL HARMS CAUSED BY CONCENTRATED ANIMAL FEEDING OPERATIONS 60,000

CENTER FOR SUSTAINABLE ECONOMY

1322 WASHINGTON ST BOX 705
PORT TOWNSEND,WA98368 		  PC FOR A GENERAL SUPPORT GRANT. 45,000

CLEAN PRODUCTION ACTION

1310 BROADWAY SUITE 101
SOMERVILLE,MA02144 		  PC FOR A GENERAL SUPPORT GRANT. 40,000

CLIMATE SOLUTIONS

1402 3RD AVE SUITE 1200
SEATTLE,WA98101 		  PC GENERAL SUPPORT GRANT 50,000

CLIMATE SOLUTIONS

1402 3RD AVE SUITE 1200
SEATTLE,WA98101 		  PC MATCHING GRANTS 1,000

COALITION OF COMMUNITIES OF COLOR

221 NW 2ND AVE SUITE 303
PORTLAND,OR97209 		  PC TO PARTNER WITH THE CITY OF PORTLAND AND GREEN BUILDING ADVOCATES TO SECURE ADOPTION AND IMPLEMENTATION OF EQUITABLE RESIDENTIAL BUILDING STANDARDS. 50,000

COLORADO PLATEAU FOUNDATION

113 E BIRCH AVENUE
FLAGSTAFF,UT86001 		  PC MATCHING GRANTS 250

COLORADO STATE UNIVERSITY FOUNDATION

UNIVERSITY SERVICES CENTER 300
FORT COLLINS,CO80523 		  PC MATCHING GRANTS 375

COLTURA

110 PREFONTAINE PL S SUITE 304
SEATTLE,WA98104 		  PC AS AN EXIT GRANT TO PROMOTE TRANSPORTATION DECARBONIZATION IN WASHINGTON STATE. 30,000

COLUMBIA LAND TRUST

850 OFFICERS ROW
VANCOUVER,WA98661 		  PC FOR AN EXIT GRANT TO SUPPORT THE CONTINUED IMPLEMENTATION OF THE ORGANIZATION'S PORTLAND-VANCOUVER REGIONAL CONSERVATION STRATEGY. 20,000

COLUMBIA RIVER KEEPER

407 PORTWAY SUITE 301
HOOD RIVER,OR97031 		  PC AS AN EXIT GRANT TO SUPPORT WORK IN THE PORTLAND-VANCOUVER METROPOLITAN REGION. 25,000

CONSERVATION NORTHWEST

1829 10TH AVE W SUITE B
SEATTLE,WA98119 		  PC MATCHING GRANTS 50,000

CONSERVATION NORTHWEST

1829 10TH AVE W SUITE B
SEATTLE,WA98119 		  PC MATCHING GRANTS 250

DAVID SUZUKI FOUNDATION

219 -2211 WEST 4TH AVE
VANCOUVER,BRITISH COLUMBIAV6K 4S2
CA 		  PC - EQUIVALENCY DET AS AN EXIT GRANT TO ADVANCE CLIMATE-FRIENDLY TRANSPORTATION POLICY AND TO VALUE NATURAL CAPITAL ASSETS AS INFRASTRUCTURE IN BRITISH COLUMBIA. 50,000

DISABILITY RIGHTS WA

315 5TH AVE S SUITE 850
SEATTLE,WA98104 		  PC FOR BROAD PROGRAM SUPPORT TO ADVOCATE FOR AN EQUITABLE TRANSIT SYSTEM AND SAFE PUBLIC TRANSPORTATION INFRASTRUCTURE IN WASHINGTON STATE 50,000

DISABILITY RIGHTS WA

315 5TH AVE S SUITE 850
SEATTLE,WA98104 		  PC TRANSPORTATION REIMBURSEMENT FOR STAFF TO ATTEND TRANSIT CENTER GATHERING 683

DUWAMISH RIVER CLEANUP COALITION

7400 3RD AVE S
SEATTLE,WA98108 		  PC GENERAL SUPPORT GRANT 70,000

DYSAUTONOMIA INTERNATIONAL

PO BOX 596
EAST MORICHES,NY11940 		  PC MATCHING GRANTS 375

EARTH ADVANTAGE INSTITUTE

151 SW 1ST AVE SUITE 300
PORTLAND,OR97204 		  PC TO ADVANCE ZERO NET ENERGY BUILDING CODES IN OREGON. 40,000

EARTH CREATIVE

19545 45TH AVE NE
LAKE FOREST PARK,WA98155 		  PC MATCHING GRANTS 5,000

EARTH DAY NETWORK

1752 N STREET NW SUITE 700
WASHINGTON,DC20036 		  PC SUPPORT FOR THE EARTH DAY NETWORK'S PLASTIC CAMPAIGN 1,000,000

EARTH MINISTRY

5515 PHINNEY AVE N
SEATTLE,WA98103 		  PC AS AN EXIT GRANT IN THE FORM OF GENERAL SUPPORT. 40,000

EARTHJUSTICE

705 2ND AVE SUITE 203
SEATTLE,WA98104 		  PC TO SUPPORT THE NORTHWEST REGIONAL OFFICE WHOSE ATTORNEYS PROVIDE FREE LEGAL ADVICE AND REPRESENTATION 75,000

ECOJUSTICE CANADA

390 - 425 CARRALL STREET
VANCOUVER,BRITISH COLUMBIAV6B 6E3
CA 		  PC - EQUIVALENCY DET IN SUPPORT OF WORK IN THE VANCOUVER METROPOLITAN REGION, INCLUDING THE LOWER FRASER RIVER AND ESTUARY 50,000

ECOTRUST

721 NW NINTH AVENUE 200
PORTLAND,OR97209 		  PC MATCHING GRANTS 5,000

EL CENTRO DE LA RAZA

2524 16TH AVE S
SEATTLE,WA98144 		  PC TO CONDUCT OUTREACH AND EDUCATION TO BEACON HILL RESIDENTS, PRIMARILY BIPOC, IMMIGRANTS AND REFUGEES, ABOUT THE ENVIRONMENTAL AND HEALTH IMPACTS OF OIL-HEATING AND TO CONNECT THEM TO RESOURCES THAT CAN SUPPORT FUTURE CONVERSIONS FROM OIL HEAT TO ELECTRICITY 60,000

EL MORRO AREA ARTS COUNCIL

PO BOX 296
RAMAH,NM87321 		  PC MATCHING GRANTS 1,000

ENVIRONMENTAL COALITION OF SOUTH SEATTLE

1011 SW KLICKITAT WAY SUITE 201
SEATTLE,WA98134 		  PC TO ENGAGE THE LATINX IMMIGRANT/REFUGEE COMMUNITIES, TO CO-CREATE OUTDOOR EXPERIENCES THAT MEET THEIR NEEDS AND INTERESTS. 55,000

ENVIRONMENTAL HEALTH NEWS

612 W BEALL ST SUITE C
BOZEMAN,MT59715 		  PC MATCHING GRANTS 514

EVERGREEN MOUNTAIN BIKE ALLIANCE

249 MAIN AVE S
NORTH BEND,WA98045 		  PC MATCHING GRANTS 233

FEED SEVEN GENERATIONS

PO BOX 1165
ENUMCLAW,WA98022 		  PC SUPPORT THE ORGANIZATIONS NATIVE YOUTH-LED PROJECT. 75,000

FIDELITY CHARITABLE GIFT FUND

PO BOX 770001
CINCINNATI,OH45277 		  PC MATCHING GRANTS 5,000

FOREST STEWARDSHIP COUNCIL

1441 WOODMONT LN NW 539
ATLANTA,GA30318 		  PC AS AN EXIT GRANT FOR SUPPORT OF THE ORGANIZATION'S PACIFIC NORTHWEST PROGRAMS. 50,000

FORTERRA

901 5TH AVE SUITE 2200
SEATTLE,WA98164 		  PC GENERAL SUPPORT GRANT 50,000

FRED HUTCHINSON CANCER RESEARCH CENTER

1100 FAIRVIEW AVENUE N J5-200
SEATTLE,WA98109 		  PC MATCHING GRANTS 100

FRONT AND CENTERED

1501 E MADISON ST SUITE 250
SEATTLE,WA98122 		  PC TO SPONSOR PARTICIPANTS AT THE THIRD STATEWIDE SUMMIT. 5,000

FUTUREWISE

816 SECOND AVE 200
SEATTLE,WA98104 		  PC GENERAL SUPPORT GRANT 75,000

GEORGIA STRAIT ALLIANCE

219-312 MAIN ST
VANCOUVER,BRITISH COLUMBIAV6A2T2
CA 		  PC - EQUIVALENCY DET GENERAL SUPPORT GRANT 75,000

GIG HARBOR NOW

PO BOX 546
GIG HARBOR,WA98335 		  PC MATCHING GRANTS 3,087

HIGHLAND TERRACE PTA

100 NORTH 160TH
SHORELINE,WA98133 		  PC MATCHING GRANTS 300

HISTORY LINK

93 PIKE STREET SUITE 315B
SEATTLE,WA98101 		  PC MATCHING GRANTS 233

HOUSING DEVELOPMENT CONSORTIUM SEATTLE-KING COUNTY

1326 5TH AVE 230
SEATTLE,WA98101 		  PC MATCHING GRANTS 611

HUB CYCLING

312 MAIN ST
VANCOUVER,BRITISH COLUMBIAV6A 2T2
CA 		  PC - EQUIVALENCY DET FOR GENERAL SUPPORT. 35,000

INTERNATIONAL LIVING FUTURE INSTITUTE

PO BOX 5874
PORTLAND,OR97228 		  PC TO SHIFT INDUSTRY PRACTICES IN THE DEVELOPMENT AND CONSTRUCTION OF AFFORDABLE HOUSING PROJECTS 50,000

INTERTWINE ALLIANCE FOUNDATION

PO BOX 14039
PORTLAND,OR97293 		  PC FOR AN EXIT GRANT IN THE FORM OF GENERAL SUPPORT. 25,000

INVESTIGATE WEST

PO BOX 9574
SEATTLE,WA98109 		  PC GENERAL SUPPORT GRANT 40,000
KANCHAN OJHA


1501 EAST MADISON STREET
SEATTLE,WA98122 		NONE I CONSOLATION PRIZE 5,000

KEXP

472 1ST AVE N
SEATTLE,WA98109 		  PC MATCHING GRANTS 360
KRISTINA CHU


1501 EAST MADISON STREET
SEATTLE,WA98122 		NONE I BULLITT PRIZE AWARDEE 50,000
KRISTINA CHU


1501 EAST MADISON STREET
SEATTLE,WA98122 		NONE I BULLITT PRIZE AWARDEE 50,000

KUOW

PO BOX 84148
SEATTLE,WA98124 		  PC MATCHING GRANTS 305
LORENA POLOVINA


1501 EAST MADISON STREET
SEATTLE,WA98122 		NONE I CONSOLATION PRIZE 5,000

LOW INCOME HOUSING INSTITUTE

1253 S JACKSON ST SUITE A
SEATTLE,WA98144 		  PC MATCHING GRANTS 300

LYMPHOMA RESEARCH FOUNDATION

88 PINE STREET SUITE 2400
NEW YORK,NY10005 		  PC MATCHING GRANTS 300

MARKET FOUNDATION

93 PIKE ST ROOM 310
SEATTLE,WA98101 		  PC MATCHING GRANTS 309

MAUI HUMANE SOCIETY

MEHAMEHA LOOP
PUUNENE,HI96784 		  PC MATCHING GRANTS 600

MOUNTAINS TO SOUND GREENWAY TRUST

2701 FIRST AVE SUITE 240
SEATTLE,WA98121 		  PC AN EXIT GRANT IN THE FORM OF GENERAL SUPPORT 20,000

NA'AH ILLAHEE FUND

1620 18TH AVE
SEATTLE,WA98122 		  PC MATCHING GRANTS 231

NATIONAL AUDUBON SOCIETY

225 VARICK ST
NEW YORK,NY10014 		  PC MATCHING GRANTS 5,000

NATIONAL CAUCUS OF ENVIRONMENTAL LEGISLATORS

1100 17TH STREET NW SUITE 600
WASHINGTON,DC20036 		  PC TO ORGANIZE REGIONAL COLLABORATION FOR STATE LEGISLATORS IN WASHINGTON AND OREGON IN SUPPORT OF IMPLEMENTATION OF CLIMATE AND ENERGY POLICY. 45,000

NEIGHBORS FOR CLEAN AIR

PO BOX 10544
PORTLAND,OR97296 		  PC AS AN EXIT GRANT IN THE FORM OF GENERAL SUPPORT. 60,000

NORTHWEST ENVIRONMENTAL DEFENSE CENTER

10015 SW TERWILLIGER BLVD
PORTLAND,OR97219 		  PC FOR CONTINUED ADVOCACY TO SECURE REGULATIONS AND ACCOUNTABILITY THAT RESULT IN IMPROVED AIR QUALITY AND DECARBONIZATION BENEFITS FOR TRADITIONALLY DISADVANTAGED COMMUNITIES. 55,000

NORTHWEST FILM FORUM

1515 12TH AVE
SEATTLE,WA98122 		  PC FOR A PROGRAM MANAGER ROLE WHO WOULD LEAD BLOOM EFFORTS INCLUDING SOIL REMEDIATION AND A YOUTH SUMMER FELLOWSHIP PROGRAM 40,000

NORTHWEST HARVEST

711 CHERRY STREET
SEATTLE,WA98104 		  PC MATCHING GRANTS 750

NORTHWEST IMMIGRANT RIGHTS PROJECT

615 2ND AVE SUTE 400
SEATTLE,WA98104 		  PC MATCHING GRANTS 750

NORTHWEST NATURAL RESOURCE GROUP

2701 1ST AVE SUITE 240
SEATTLE,WA98121 		  PC GENERAL SUPPORT GRANT 40,000

NW ENERGY COALITION

811 FIRST AVE 305
SEATTLE,WA98104 		  PC FOR CAPACITY SUPPORT TO HIRE A FULL-TIME DEVELOPMENT AND COMMUNICATIONS MANAGER. 135,000

NW NATURAL RESOURCE GROUP

2701 1ST AVE SUITE 240
SEATTLE,WA98121 		  PC AS AN EXIT GRANT IN THE FORM OF GENERAL SUPPORT. 40,000

OLD DOG HAVEN

PO BOX 1409
OAK HARBOR,WA98277 		  PC MATCHING GRANTS 559

OPAL ENVIRONMENTAL JUSTICE OREGON

PO BOX 66099
PORTLAND,OR972906099 		  PC AS AN EXIT GRANT FOR GENERAL SUPPORT. 50,000

OREGON ENVIRONMENTAL COUNCIL

PO BOX 14822
PORTLAND,OR97239 		  PC GENERAL SUPPORT GRANT 95,000

OREGON ENVIRONMENTAL COUNCIL

PO BOX 14822
PORTLAND,OR97239 		  PC MATCHING GRANTS 2,500

OREGON PHYSICIANS FOR SOC RESP

4110 SE HAWTHORNE BLVD 758
PORTLAND,OR97214 		  PC FOR CAPACITY SUPPORT TO HIRE A DEDICATED FUNDRAISING AND DEVELOPMENT STAFF MEMBER. 60,000
OREGON STATE UNIVERSITY


PO BOX 14822
PORTLAND,OR97331 		NONE I ENVIRONMENTAL PRIZE WINNER - CHRISTOPHER COUSINS 50,000

ORGANIC SEED ALLIANCE

PO BOX 772
PORT TOWNSEND,WA98368 		  PC TO ELEVATE THE IMPORTANCE OF ORGANIC AGRICULTURE AS A CLIMATE SOLUTION AND TO PROTECT ORGANICALLY GROWN AND NON-GENETICALLY ENGINEERED SEEDS IN OREGON AND WASHINGTON 50,000

PAWS

PO BOX 1037
LYNNWOOD,WA98046 		  PC MATCHING GRANTS 250

PUGET SOUNDKEEPER ALLIANCE

130 NICKERSON ST SUITE 107
SEATTLE,WA98109 		  PC AS AN EXIT GRANT IN THE FORM OF GENERAL SUPPORT. 20,000

RAINCOAST CONSERVATION FOUNDATION

PO BOX 2429
SIDNEY,BRITISH COLUMBIAV8L 3Y3
CA 		  PC - EQUIVALENCY DET AN EXIT GRANT IS RECOMMENDED FOR THE ORGANIZATION'S CONTINUED WORK TO CONSERVE FISH AND WILDLIFE HABITAT AND BUILD CLIMATE RESILIENCE IN THE LOWER FRASER RIVER AND ESTUARY. 50,000

RE SOURCES FOR SUSTAINABLE COMMUNITIES

2309 MERIDIAN STREET
BELLINGHAM,WA98225 		  PC AS AN EXIT GRANT IN THE FORM OF GENERAL OPERATING SUPPORT. 40,000

RENEWABLE NORTHWEST PROJECT

421 SW 6TH AVE SUITE 1400
PORTLAND,OR97204 		  PC GENERAL SUPPORT GRANT 80,000

RESOURCE MEDIA

9450 SW GEMINI DRIVE 59115
BEAVERTON,OR970087105 		  PC AS AN EXIT GRANT FOR COMMUNICATIONS SUPPORT OF THE EMERALD ALLIANCE AND FOR BULLITT GRANTEES WORKING ON SUSTAINABLE FOOD AND AGRICULTURE PRACTICES AND MULTI-MODAL TRANSPORTATION. 50,000

RIVERSHED SOCIETY OF BRITISH COLUMBIA

604-1189 EASTWOOD ST
COQUITLAM,BRITISH COLUMBIAV3B 7N5
CA 		  PC - EQUIVALENCY DET FOR SUPPORT OF THE ORGANIZATION'S LEADERSHIP ROLE IN THE LOWER FRASER ADAPTING FOR ECOLOGICAL RESILIENCE NETWORK. 75,000

ROCKY MOUNTAIN INSTITUTE

2490 JUNCTION PLACE SUITE 200
BOULDER,CO80302 		  PC MATCHING GRANTS 2,500

SALMON-SAFE

1001 SE WATER AVE SUITE 450
PORTLAND,OR97214 		  PC GENERAL SUPPORT GRANT 30,000

SANTA FE ANIMAL SHELTER

100 CAJA DEL RIO
SANTA FE,NM87507 		  PC MATCHING GRANTS 375

SEATTLE 2030 DISTRICT

PO BOX 21726
SEATTLE,WA98111 		  PC GENERAL SUPPORT GRANT 50,000

SEATTLE DESIGN FESTIVAL

1010 WESTERN AVENUE
SEATTLE,WA98104 		  PC MATCHING GRANTS 232

SEATTLE FOUNDATION

1601 FIFTH AVE SUITE 1900
SEATTLE,WA98101 		  PC TO SUPPORT THE SEATTLE TIMES' MULTI-YEAR INITIATIVE FOCUSED ON THE CLIMATE CRISIS. 150,000

SEATTLE NEIGHBORHOOD GREENWAYS

1424 11TH AVE STE 400
SEATTLE,WA98122 		  PC GENERAL SUPPORT GRANT 60,000

SEATTLE PARKS FOUNDATION

1501 E MADISON ST SUITE 510
SEATTLE,WA98122 		  PC GENERAL SUPPORT GRANT 130,000

SEATTLE PARKS FOUNDATION

1501 E MADISON ST SUITE 510
SEATTLE,WA98122 		  PC RESTAURANT 2 GARDEN - TO TRANSFORM LOCAL RESTAURANT FOOD WASTE INTO HIGH QUALITY AND SAFE COMPOST FOR ELDER AAPI GARDENERS TO GROW CULTURALLY APPROPRIATE FOODS 48,815

SEATTLE PARKS FOUNDATION

1501 E MADISON ST SUITE 510
SEATTLE,WA98121 		  PC MATCHING GRANTS 900

SEATTLE PUBLIC LIBRARY FOUNDATION

1000 FOURTH AVE
SEATTLE,WA98104 		  PC MATCHING GRANTS 315

SEATTLE UNION GOSPEL MISSION

3800 SOUTH OTHELLO STREET
SEATTLE,WA98118 		  PC MATCHING GRANTS 150

SHUNPIKE

815 SEATTLE BLVD SUITE 215
SEATTLE,WA98134 		  PC TO CREATE AWARENESS ABOUT ENVIRONMENTAL JUSTICE ISSUES THROUGH VARIOUS MEDIA INCLUDING LONG FORM VIDEOS, AUDIO VIGNETTES, AND COMMUNITY MEETINGS TO HIGHLIGHT THE DISPARATE WAYS IN WHICH COMMUNITIES ARE IMPACTED BY ENVIRONMENTAL ISSUES. 60,000

SODA MOUNTAIN WILDERNESS COUNCIL

PO BOX 512
ASHLAND,OR97520 		  PC MATCHING GRANTS 125

SOMALI COMMUNITY SERVICES OF SEATTLE

8810 RENTON AVE S
SEATTLE,WA98118 		  PC SHARING INFORMATION ABOUT HOW TO PREVENT, MANAGE, AND RECOVER FROM HARM CAUSED BY CLIMATE CHANGE-RELATED DISASTERS. 61,870

SOUND GENERATIONS

2208 2ND AVE SUITE 100
SEATTLE,WA98121 		  PC TO EXPAND THEIR PROGRAMMING FOR EAST AFRICAN ELDERS FROM NE SEATTLE AND RAINIER BEACH WHO ATTEND THE RAINIER BEACH URBAN FARM AND WETLANDS 66,000

SOUTH SEATTLE EMERALD

PO BOX 28505
SEATTLE,WA98118 		  PC TO GROW THEIR CAPACITY BY CONTRACTING MORE FREELANCE REPORTERS WHO WILL SPECIFICALLY COVER COMMUNITY-CENTERED AND COMMUNITY-ROOTED ENVIRONMENTAL JUSTICE STORIES 60,000

ST JUDE

262 DANNY THOMAS PLACE
MEMPHIS,TN38105 		  PC MATCHING GRANTS 75

STREET TRUST

PO BOX 14745
PORTLAND,OR97293 		  PC AS AN EXIT GRANT FOR GENERAL SUPPORT. 15,000

SUSTAINABLE NORTHWEST

233 SW NAITO PARKWAY SUITE 200
PORTLAND,OR97204 		  PC TO DEVELOP AND ADVANCE WOOD PROCUREMENT POLICIES THAT RECOGNIZE AND REWARD RESPONSIBLE FOREST STEWARDSHIP. 100,000

THE HOUSING DEVELOPMENT CONSORTIUM OF SEATTLE

1326 FIFTH AVE SUITE 230
SEATTLE,WA98101 		  PC TO LAUNCH ITS DECARBONIZE AFFORDABLE HOUSING NOW PROGRAM THAT WILL SPECIFICALLY ADDRESS RETROFITS OF EXISTING SUBSIDIZED MULTI-FAMILY PROPERTIES 50,000

THE SEATTLE FOUNDATION

1601 FIFTH AVENUE SUITE 1900
SEATTLE,WA98122 		  PC MATCHING GRANTS 300

THE SHEPHERD'S CENTER OF WINSTON-SALEM

1700 EBERT STREET
WINSTONSALEM,NC27103 		  PC MATCHING GRANTS 250

THE WILDERNESS SOCIETY

1801 PENNSYLVANIA AVE NW SUITE 200
WASHINGTON,DC20006 		  PC TO SUPPORT THE ORGANIZATION'S URBAN TO WILD PROGRAM. 50,000

THE WILDERNESS SOCIETY

1801 PENNSYLVANIA AVE NW SUITE 200
WASHINGTON,DC20036 		  PC MATCHING GRANTS 250

THORNTON CREEK PARENT GROUP

7712 40TH AVE NE
SEATTLE,WA98115 		  PC MATCHING GRANTS 75

THURSTON CLIMATE ACTION TEAM

PO BOX 13324
OLYMPIA,WA98508 		  PC TO PROMOTE GREEN BUILDINGS, TRANSPORTATION ELECTRIFICATION, AND URBAN FORESTRY IN THURSTON COUNTY. 30,000

TIDES FOUNDATION

PO BOX 29903 THE PRESIDIO
SAN FRANCISCO,CA94129 		  PC GENERAL SUPPORT GRANT 45,000

TRANSPORTATION CHOICE COALITION

1402 3RD AVE SUITE 310
SEATTLE,WA98101 		  PC GENERAL SUPPORT GRANT 100,000

TRINITY PARISH CHURCH SEATTLE

609 8TH AVE
SEATTLE,WA98104 		  PC MATCHING GRANTS 1,000

TULALATIN RIVERKEEPERS

11675 SW HAZELBROOK ROAD
TUALATIN,OR97062 		  PC FOR AN EXIT GRANT IN THE FORM OF GENERAL SUPPORT. 20,000

UNITED INDIANS OF ALL TRIBES

PO BOX 99100
SEATTLE,WA98139 		  PC TO SUPPORT CAPACITY BUILDING BY FUNDING A NEWLY DEVELOPED POSITION AT UIATF CALLED THE BERNIE WHITEBEAR LAND RESTORATION COORDINATOR. 74,500

UNIVERSITY OF WASHINGTON FOUNDATION

407 GERBERDING HALL BOX 351210
SEATTLE,WA98195 		  PC TO SUPPORT THE INTEGRATED DESIGN LAB AND BULLITT CENTER TOURS 28,596

UNIVERSITY OF WASHINGTON FOUNDATION

407 GERBERDING HALL BOX 351210
SEATTLE,WA981951210 		  PC TO SUPPORT A RESEARCH TO ACTION COLLABORATORY WITHIN URBAN@UW. 50,000

UNIVERSITY OF WASHINGTON FOUNDATION

7712 40TH AVE NE
SEATTLE,WA98115 		  PC MATCHING GRANTS 1,800

URBAN GREENSPACES INSTITUTE

PO BOX 6903
PORTLAND,OR97228 		  PC GENERAL SUPPORT GRANT 25,000

URBAN SUSTAINABILITY DIRECTORS NETWORK

500 WESTOVER DRIVE 14973
SANFORD,CA27330 		  PC TO ACCELERATE THE ADOPTION OF SUSTAINABILITY POLICIES AND PRACTICES IN CASCADIAN CITIES. 25,000

WA PHYSICIANS FOR SOCIAL RESPONSIBILITY

2524 16TH AVE S 300
SEATTLE,CA98144 		  PC TO SUPPORT THE CONTINUED DEVELOPMENT OF FUND RAISING CAPACITY, DIVERSIFICATION OF FUNDING SOURCES AND SYSTEM INFRASTRUCTURE. 40,000

WASHINGTON ASSOCIATION OF LAND TRUSTS

PO BOX 2001
SEATTLE,WA98111 		  PC FOR SUPPORT OF THE ORGANIZATION'S PUGET SOUND WORKING-LANDS INITIATIVE 25,000

WASHINGTON CONSERVATION ACTION

1402 THIRD AVENUE 1400
SEATTLE,WA98101 		  PC GENERAL SUPPORT GRANT 125,000

WASHINGTON CONSERVATION ACTION

1402 THIRD AVENUE 1400
SEATTLE,WA98101 		  PC MATCHING GRANTS 500

WASHINGTON EVN COUNCIL

1402 THIRD AVENUE 1400
SEATTLE,WA98101 		  PC FOR GENERAL SUPPORT. 130,000

WASHINGTON PHYSICIANS FOR SOCIAL RESPONSIBILITY

2524 16TH AVE S 300
SEATTLE,WA98144 		  PC TO SUPPORT THE CONTINUED DEVELOPMENT OF FUND RAISING CAPACITY, DIVERSIFICATION OF FUNDING SOURCES AND SYSTEM INFRASTRUCTURE. 40,000

WASHINGTON PHYSICIANS FOR SOCIAL RESPONSIBILITY

4500 9TH AVE NE SUITE 300
SEATTLE,WA98105 		  PC MATCHING GRANTS 1,000

WASHINGTON STATE UNIVERSITY FOUNDATION

PO BOX 641925
PULLMAN,WA99164 		  PC FOR THE BREAD LAB 60,000

WASHINGTON UNIVERSITY

1 BROOKINGS DRIVE
ST LOUIS,MO63130 		  PC MATCHING GRANTS 300

WATERSHED WATCH SALMON SOCIETY

75 210-128 WEST HASTINGS STREET
VANCOUVER,BRITISH COLUMBIAV6B IG8
CA 		  PC - EQUIVALENCY DET IN SUPPORT OF THE ORGANIZATION'S CONNECTED WATERS CAMPAIGN. 75,000

WEST COAST ENVIRONMENTAL LAW RESEARCH FOUNDATION

200 2006 WEST 10TH AVE
VANCOUVER,BRITISH COLUMBIAV6J 2B3
CA 		  PC - EQUIVALENCY DET TO SUPPORT THE ORGANIZATION'S WORK IN THE LOWER FRASER RIVER REGION. 25,000

WILLAMETTE PARTNERSHIP

1300 SE STARTK STREET SUITE 212
PORTLAND,OR97214 		  PC FOR SUPPORT OF CONTINUING EFFORTS TO PROMOTE THE USE OF NATURAL INFRASTRUCTURE SOLUTIONS IN THE PORTLAND METRO AREA. 25,000

WILLAMETTE RIVERKEEPER

1515 SE WATER AVE 102
PORTLAND,OR97214 		  PC GENERAL SUPPORT GRANT 75,000

WILLAMETTE RIVERKEEPER

1210 CENTER ST
OREGON CITY,OR97045 		  PC MATCHING GRANTS 125

WING LUKE MEMORIAL FOUNDATION

719 S KING ST
SEATTLE,WA98104 		  PC TO DEVELOP AND IMPLEMENT A COMMUNITY-BASED PROCESS TO PLAN AND DESIGN PUBLIC SPACE ACTIVATION AND ARTS INTEGRATION AT THE SITE OF THE HISTORIC ENG FAMILY HOMESTEAD AND ADJACENT CANTON ALLEY 33,815

WORLD WILDLIFE FUND (CASCADIA POLICY SOLUTIONS)

1250 24TH ST NW
WASHINGTON,DC20037 		  PC TO SUPPORT THE PACIFIC COAST COLLABORATIVE A REGIONAL COLLABORATIVE THAT HAS ADOPTED A GOAL TO REDUCE FOOD WASTE 50,000

YOUNG AGRARIANS

2214 SUN VALLEY DRIVE
NANAIMO,BRITISH COLUMBIAV9T 6E8
CA 		  PC - EQUIVALENCY DET A TWO-YEAR EXIT GRANT. 50,000
Total .................................right arrow 3a 6,315,710
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 730,540  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 137,487  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INVESTMENTS 		    18 -81,598  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 786,429 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
786,429
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE BULLITT FOUNDATION
 
Employer identification number

91-6027795
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE BULLITT FOUNDATION
  		Employer identification number
91-6027795
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CITY OF SEATTLE
 
PO BOX 34214
 
SEATTLE, WA98124

$ 750,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE BULLITT FOUNDATION
  		Employer identification number

91-6027795
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE BULLITT FOUNDATION
  		Employer identification number

91-6027795
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 44,339 3,075   41,264

TY 2023 GeneralExplanationAttachment
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Identifier Return Reference Explanation
  FORM 990-PF, PART VII-A, LINE 11 SCHEDULE OF CONTROLLED ENTITIESNAME AND ADDRESS OF CONTROLLED ENTITY:BULLITT CENTER1501 EAST MADISON STREET #600SEATTLE, WA 98122EMPLOYER IDENTIFICATION NUMBER:27-2658448EXCESS BUSINESS HOLDING:NO

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Name of Bond End of Year Book Value End of Year Fair Market Value
SCHWAB SEALTH 3,614,265 3,614,265

TY 2023 InvestmentsCorpStockSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Name of Stock End of Year Book Value End of Year Fair Market Value
PARAMETRIC PORTFOLIO ASSOCIATES 1,553,865 1,553,865
SCHWAB SEALTH 2,387,870 2,387,870
SCHWAB ONE 67,589 67,589

TY 2023 InvestmentsGovtObligationsSch
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
US Government Securities - End of Year Book Value:

10,473,988
US Government Securities - End of Year Fair Market Value:

10,473,988
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
METROPOLITAN REAL ESTATE FMV 177,514 177,514
EQUILIBRIUM PARTNERS I FMV 1,808,556 1,808,556
LEGACY VENTURE IV FMV 245,559 245,559

TY 2023 LegalFeesSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 8,686 0   8,488


TY 2023 OtherAssetsSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 7,477 7,477 7,477
FUNCTIONALLY RELATED BUSINESS 27,544,145 27,696,114 27,696,114
MISC RECEIVABLE 24,622 69,702 69,702
FEDERAL EXCISE TAX 64,847 60,769 60,769


TY 2023 OtherExpensesSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 21,590 0   21,590
INSURANCE 4,750 0   4,750
TELEPHONE & INTERNET 11,893 0   12,587
BANK FEES 145 145   0
SUPPLIES 11,951 0   11,951
MISCELLANEOUS 3,708 0   15,867
REPAIRS & MAINTENANCE 12,473 0   12,473
MEALS & ENTERTAINMENT 4,600 0   4,600
K-1 DEDUCTIONS 0 11,448   0


TY 2023 OtherIncomeSchedule2
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INVESTMENTS -81,598 -6,580 -81,598


TY 2023 OtherIncreasesSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Description Amount
UNREALIZED CAPITAL GAINS\LOSSES 821,080
PPA - NO 4940 AFFECT 52,795


TY 2023 OtherLiabilitiesSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Description Beginning of Year - Book Value End of Year - Book Value
DUE FROM SUBSIDIARY 850,000 1,650,000


TY 2023 OtherProfessionalFeesSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 193,215 0   187,365
INVESTMENT MANAGEMENT FEES 33,056 33,056   0


TY 2023 TaxesSchedule
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PERSONAL PROPERTY TAXES 3,397 0   3,462
FOREIGN INCOME TAXES 0 620   0


TY 2023 TransfersToControlledEntities
Name:
THE BULLITT FOUNDATION
EIN:
91-6027795
Name US /
Foreign Address		 EIN Description Amount
BULLITT CENTER 1501 EAST MADISON STREET 600
SEATTLE,WA98122 		27-2658448 RENT PAID TO BULLITT CENTER 48,780
Total     48,780