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
BARBARA EMILY KNUDSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 12806
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALEM, OR97309
A Employer identification number

27-2245059
B Telephone number (see instructions)

(503) 371-9636
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$5,697,742J 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 224 224  
4 Dividends and interest from securities... 130,285 130,285  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 130,662
b Gross sales price for all assets on line 6a 1,722,390
7 Capital gain net income (from Part IV, line 2)... 130,662
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).......      
12 Total. Add lines 1 through 11........ 261,171 261,171  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,250     26,250
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
5,050 2,525   2,525
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
40,429 40,429    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,074 1,407   667
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,963     3,963
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
6,010     6,010
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 83,776 44,361   39,415
25 Contributions, gifts, grants paid....... 148,000 148,000
26 Total expenses and disbursements. Add lines 24 and 25 231,776 44,361   187,415
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 29,395
b Net investment income (if negative, enter -0-) 216,810
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.............      
2 Savings and temporary cash investments......... 45,874 67,217 67,217
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 643,150 Click to see attachment
List of Attached Documents:
// Content
736,704 		736,704
b Investments—corporate stock (attach schedule)....... 3,021,055 Click to see attachment
List of Attached Documents:
// Content
3,207,204 		3,207,204
c Investments—corporate bonds (attach schedule)....... 569,968 Click to see attachment
List of Attached Documents:
// Content
737,607 		737,607
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).......... 886,063 Click to see attachment
List of Attached Documents:
// Content
944,331 		944,331
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
248 		Click to see attachment
List of Attached Documents:
// Content
4,679 		Click to see attachment
List of Attached Documents:
// Content
4,679
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,166,358 5,697,742 5,697,742
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   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........... 5,166,358 5,697,742
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,166,358 5,697,742
30 Total liabilities and net assets/fund balances (see instructions). 5,166,358 5,697,742
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,166,358
2
Enter amount from Part I, line 27a .....................
2
29,395
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
504,585
4
Add lines 1, 2, and 3 ..........................
4
5,700,338
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,596
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,697,742
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 - SHORT TERM P 2023-01-01 2023-06-30
b PUBLICLY TRADED SECURITIES - LONG TERM P 2020-01-01 2023-06-30
c
d
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 393,492   430,746 -37,254
b 1,328,898   1,160,982 167,916
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -37,254
b       167,916
c
d
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 2 130,662
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 -37,254
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 3,014
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  
3 Add lines 1 and 2........................... 3 3,014
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,014
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,822
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,822
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 1,808
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,808 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
 
No
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 arrowOR
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 .............
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 arrowHTTP://WWW.GOSW.ORG/SITES/KNUDSONFOUNDATION
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (503) 371-9636

Located atright arrowPO BOX 12806SALEMOR ZIP+4right arrow97309
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)
 
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
EMILEE PROVOST Director
2.00 		5,000    
694 HIGH STREET NE
SALEM,OR97301
RICHARD MCGINTY Treasurer
2.00 		5,000    
694 HIGH STREET NE
SALEM,OR97301
PATRICK MELIUS President
2.00 		5,000    
694 HIGH STREET NE
SALEM,OR97301
SHARON SMITH Secretary
2.00 		5,000    
694 HIGH STREET NE
SALEM,OR97301
STEPHEN BLOWERS Director
2.00 		5,000    
694 HIGH STREET NE
SALEM,OR97301
ELISE HAMNER Director
2.00 		1,250    
694 HIGH STREET NE
SALEM,OR97301
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  
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (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
5,393,788
b
Average of monthly cash balances.......................
1b
99,065
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,492,853
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
 
3
Subtract line 2 from line 1d.........................
3
5,492,853
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
82,393
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,410,460
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
270,523
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
270,523
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,014
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,014
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
267,509
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
267,509
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
267,509
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
187,415
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
187,415
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 7 267,509
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 85,331
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 187,415
a Applied to 2022, but not more than line 2a 85,331
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 102,084
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		165,425
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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
CLATSOP COMMUNITY COLLEGE


1651 LEXINGTON AVE
ASTORIA,OR97103 		NONE PC STUDENT EMERGENCY FUND; SCHOLARSHIP 7,000
COLUMBIA GORGE COMMUNITY COLLEGE


400 E SCENIC DR
THE DALLES,OR97058 		NONE PC STUDENT EMERGENCY FUND; SCHOLARSHIP 7,000
LANE COMMUNITY COLLEGE FOUNDATION


4000 EAST 30TH AVENUE
EUGENE,OR97405 		NONE PC STUDENT EMERGENCY FUND; SCHOLARSHIP 2,000
LAPINE COMMUNITY KITCHEN


PO BOX 813
LA PINE,OR97739 		NONE PC GENERAL SUPPORT 6,000
LINN BENTON COMMUNITY COLLEGE


6500 PACIFIC BLVD SW
ALBANY,OR97321 		NONE PC STUDENT EMERGENCY FUND; SCHOLARSHIP 7,000
PHILOMATH COMMUNITY SERVICES


PO BOX 1334
PHILOMATH,OR97370 		NONE PC GENERAL SUPPORT 5,000
SOUTHWEST OREGON CC FOUNDATION


1988 NEWMARK AVENUE
COOS BAY,OR97420 		NONE PC STUDENT EMERGENCY FUND; SCHOLARSHIP 7,000
UMPQUA COMMUNITY COLLEGE


1140 UMPQUA COLLEGE RD
ROSEBURG,OR97470 		NONE PC STUDENT EMERGENCY FUND; SCHOLARSHIP 7,000
HARRIETS HOUSING


PO BOX 811
PHILOMATH,OR97370 		NONE PC GENERAL SUPPORT 2,000
ALBANY HELPING HANDS


619 SE 9TH AVE
ALBANY,OR97322 		NONE PC GENERAL SUPPORT 11,000
GLADSTONE FOOD PANTRY


915 E ARLINGTON ST
GLADSTONE,OR97027 		NONE PC GENERAL SUPPORT 8,000
ST TIMOTHY'S EPISCOPAL CHURCH


3295 LADD AVE NE
SALEM,OR97301 		NONE PC GENERAL SUPPORT 8,000
FARMWORKER'S HOUSING DEVELOPMEN


1274 5TH ST 1A
WOODBURN,OR97071 		NONE PC GENERAL SUPPORT 10,000
MID-VALLEY LITERACY CENTER


1850 45TH AVE NE
SALEM,OR97305 		NONE PC GENERAL SUPPORT 6,000
COMPANION ANIMAL MEDICAL PROJECT


64682 COOK AVE
BEND,OR97703 		NONE PC GENERAL SUPPORT 10,000
FOSTER CLUB


620 S HALLADAY DR 1
SEASIDE,OR97138 		NONE PC GENERAL SUPPORT 10,000
URBAN GLEANERS


15 SE 6TH AVE
PORTLAND,OR97214 		NONE PC GENERAL SUPPORT 6,000
YMCA MARION POLK COUNTIES


685 COURT ST NE
SALEM,OR97301 		NONE PC GENERAL SUPPORT 8,000
NEIGHBORHOOD IMPACT


2303 S 1ST ST
REDMOND,OR97756 		NONE PC GENERAL SUPPORT 1,000
FAMILY BUILDING BLOCKS


3772 PORTLAND RD NE SUITE A
SALEM,OR97301 		NONE PC GENERAL SUPPORT 1,000
SALEM FREE CLINICS


1300 BROADWAY ST NE SUITE 104
SALEM,OR97301 		NONE PC GENERAL SUPPORT 1,000
SALEM HARVEST


PO BOX 483
SALEM,OR97308 		NONE PC GENERAL SUPPORT 1,000
BEND HEROS FOUNDATION


1900 NE 3RD ST 205
BEND,OR97701 		NONE PC GENERAL SUPPORT 1,000
SOUTH LINCOLN RESOURCES


3710 S CRESTLINE DR
WALDPORT,OR97394 		NONE PC GENERAL SUPPORT 1,000
SOUTHSIDE YOUTH OUTREACH


2065 SE DEBORD ST
CORVALLIS,OR97333 		NONE PC GENERAL SUPPORT 1,000
CHARLSTON FISHING FAMILIES


PO BOX 4271
COS BAY,OR97420 		NONE PC GENERAL SUPPORT 2,000
THE DEVEREUX CENTER


1200 NEWMARK AVE
COOS BAY,OR97420 		NONE PC GENERAL SUPPORT 1,000
OREGON COAST COMMUNITY ACTION PROGR


1855 THOMAS AVE
COOSE BAY,OR97420 		NONE PC GENERAL SUPPORT 2,000
CLACKAMAS COMMUNITY COLLEGE


19600 MOLALLA AVE
OREGON CITY,OR97045 		NONE PC GRANTS & SCHOLARSHIPS 2,000
CENTRAL OREGON COMMUNITY COLLEGE


2600 NW COLLEGE WAY
BEND,OR97703 		NONE PC GRANTS & SCHOLARSHIPS 7,000
Total .................................right arrow 3a 148,000
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 224  
4 Dividends and interest from securities ....     14 130,285  
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 ............ 		    18 130,662  
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) ..   261,171  
13Total. Add line 12, columns (b), (d), and (e)..................
13
261,171
(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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,050 2,525 0 2,525

TY 2023 InvestmentsCorpBondsSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
THE GOLDMAN SACH 37,654 37,654
GEORGIA POWER CO    
BNSF LLC    
AMERICAN TOWER CORP 29,957 29,957
GENERAL MILLS 49,857 49,857
AMGEN INC 29,766 29,766
JP MORGAN CHASE 38,182 38,182
MORGAN STANLEY 29,094 29,094
COMCAST CORP 38,589 38,589
MERK & CO INC 32,150 32,150
WELLS FARGO & CO 34,017 34,017
STARBUCKS CORP 26,496 26,496
METLIFE INC 42,843 42,843
VERIZON COMMUNIC 41,650 41,650
THE HOME DEPOT 41,298 41,298
MCDONALDS CORP 48,662 48,662
INTEL CORP 29,692 29,692
ABBVIE INC 39,096 39,096
BOSTON PROPERTIES    
THE WALT DISNEY 35,608 35,608
LOWES COMPANIES 37,397 37,397
BANK OF AMERICA COR 19,678 19,678
UNITEDHEALTH GRP INC 38,189 38,189
WALMART INC 17,732 17,732

TY 2023 InvestmentsCorpStockSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC 40,292 40,292
ALPHABET INC 206,741 206,741
AMAZON.COM INC 35,706 35,706
ANALOG DEVICES INC    
APPLE INC 248,747 248,747
AVERY DENNISON CORP    
BEST BUY INC    
BROADCOM INC 62,510 62,510
CHEVRON CORP 44,002 44,002
DBS GROUP HOLDINGS 14,176 14,176
ENTERGY CORP 48,065 48,065
FERGUSON PLC 17,569 17,569
FORTIVE CORP    
HOME DEPOT INC 48,517 48,517
HONEYWELL INTL NC 80,738 80,738
HOYA CORP 16,810 16,810
ING GROEP ADR 8,712 8,712
JOHNSON & JOHNSON 57,994 57,994
JPMORGAN CHASE & CO 90,153 90,153
MICROSOFT CORP 282,030 282,030
MORGAN STANLEY    
MOTOROLA SOLUTIONS 34,440 34,440
NOVO-NODISK A S 26,897 26,897
NXP SEMICONDUCTORS 12,632 12,632
ORIX CORP 14,942 14,942
PARKER HANNIFIIN CORP 96,747 96,747
PHILIP MORROS INTL 48,922 48,922
PROCTER & GAMBLE 82,062 82,062
ROCHE HLDG AG 12,681 12,681
RWE AG ORD 12,760 12,760
SCHLUMBERGER LTD    
SHIN ETSU CHEMICAL CO 16,239 16,239
SONY CORP 15,150 15,150
STRYKER CORP 40,427 40,427
TFI INTERNTNL INC    
THERMO FISHER SCNTFC 68,472 68,472
TJX COMPANIES INC 58,162 58,162
TORONTO-DOMINION BK 5,816 5,816
TOTALENERGIES SE 11,118 11,118
TRUST FINL CORP    
UNION PACIFIC CORP    
UNITEDHEALTH GRP INC 53,173 53,173
VISA INC 87,217 87,217
VOYA FINL INC 20,429 20,429
WALMART INC 55,178 55,178
ZOETIS INC 23,684 23,684
ABBOTT LABORATORIES 44,578 44,578
APPLIED MATERIALS    
AUTONATION INC 50,310 50,310
BROWN & BROWN INC 24,889 24,889
CANADIAN NATURAL RES F 9,828 9,828
CISCO SYSTEMS INC 37,309 37,309
DASSAULT SYSTEM S A 13,481 13,481
FORTINET INC 83,202 83,202
LKQ CORP 30,108 30,108
MAGNA INTL INC 13,588 13,588
MCDONALDS CORP 38,546 38,546
NUTRIEN LTD    
PFIZER INC    
SONIC HEALTHCARE LTD    
SSE PLC 10,088 10,088
TECHNIPFMC LTD    
AIRBUS SE 11,185 11,185
AMERISOURCEBERGEN CORP    
APA CORP 47,541 47,541
AXA SA 8,825 8,825
BARCLAYS PLC 4,570 4,570
BHP GROUP LTD 8,880 8,880
BNP PARIBAS    
CF INDUSTRIES HLDG    
LOREAL SA 8,450 8,450
LESLIES INC    
LOCKHEED MARTIN CORP 36,259 36,259
MONSTER BEVERAGE CORP 24,772 24,772
PALO ALTO NETWORKS 64,874 64,874
RAYTHEON TECHNOLOGIES    
RECKITT BENCKISER GROUP 12,366 12,366
RENTOKIL INITIAL PLC    
SYNOVUS FINL CO    
TELEKOMINIK INDONESIA 4,028 4,028
THALES SA 16,540 16,540
WAL-MART DE MEXICO S A    
WESTERN ALLIANCE BNC    
AMERICAN INTL GROUP 39,973 39,973
CENCORA INC 28,753 28,753
COMCAST CORP 65,337 65,337
CRH PUBLIC LIMITED CO 15,215 15,215
CROWDSTRIKE HLDGS INC 54,894 54,894
GE HEALTHCARE TECHNOLOGIES 23,196 23,196
NVIDIA CORP 116,872 116,872
PPG INDUSTRIES INC 31,406 31,406
SAP SE F 7,730 7,730
SCHLUMBERGER LTD 22,898 22,898
SERVICE NOW INC 43,802 43,802
STATE STREET CORP 37,568 37,568
UNIVERSAL MUSIC GROUP F 15,433 15,433

TY 2023 InvestmentsGovtObligationsSch
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
US Government Securities - End of Year Book Value:

736,704
US Government Securities - End of Year Fair Market Value:

736,704
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ISHARES MSCI EAFE SMALL FMV 27,855 27,855
ISHARES MSCI JAPAN ETF FMV    
ISHARES RUSSELL 2000 FMV    
HARDING LOEVNER INSTL EM FMV 84,956 84,956
JPMORGAN US SMALL COMPAN FMV 179,760 179,760
MATTHEWS PACIFIC TIGER FMV    
VERSUS CAP MULTI-MAN FMV 107,165 107,165
VERSUS CAP REAL ASSETS FMV 130,747 130,747
VARIANT ALTERNATIVE INCO FMV 85,817 85,817
AVALONBAY CMNTYS INC FMV 33,700 33,700
CROWN CASTLE INC FMV 17,279 17,279
SUMITOMO MITSUI FINLOO F AT COST 10,648 10,648
ISHARES CORE US FMV 226,786 226,786
ISHARES MSCI EMERGING FMV 39,618 39,618

TY 2023 OtherAssetsSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTERST PURCHASED 248 4,676 4,679
Rounding   3  


TY 2023 OtherDecreasesSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
COST BASIS ADJUSTMENT 2,596


TY 2023 OtherExpensesSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE ASSISTANT 2,480     2,480
BUSINESS FEES & LICENSE 50     50
INSURANCE 939     939
OFFICE EXPENSE 589     589
WEBSITE DEVELOPMENT 188     188
WEBSITE MAINTENANCE 1,764     1,764


TY 2023 OtherIncreasesSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
UNREALIZED GAINS 504,585


TY 2023 OtherProfessionalFeesSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 40,429 40,429 0 0


TY 2023 TaxesSchedule
Name:
BARBARA EMILY KNUDSON FOUNDATION
EIN:
27-2245059
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,407 1,407    
STATE CT-12 FEE 667     667