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
BIELLA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10709 BEARDSLEE BLVD 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOTHELL, WA98011
A Employer identification number

91-1428508
B Telephone number (see instructions)

(425) 829-1311
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$63,267,938J Accounting method:
MODIFIED CASH
(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 204,069 140,477  
4 Dividends and interest from securities... 921,695 999,338  
5a Gross rents............ 1,578,929 1,435,122  
b Net rental income or (loss) 693,211
6a Net gain or (loss) from sale of assets not on line 10 2,627,965
b Gross sales price for all assets on line 6a 18,544,184
7 Capital gain net income (from Part IV, line 2)... 2,621,928
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
16,369 77,550  
12 Total. Add lines 1 through 11........ 5,349,027 5,274,415  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 399,260 71,601   327,659
14 Other employee salaries and wages...... 80,601 0   80,601
15 Pension plans, employee benefits....... 111,349 11,815   99,534
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
18,864 9,902   8,962
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
57,244 10,370   41,712
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
578,445 315,136   34,734
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
172,125 103,029   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
125,952 124,885  
20 Occupancy.............. 318,902 250,149   68,753
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
405,266 406,679   43,581
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,268,008 1,303,566   705,536
25 Contributions, gifts, grants paid....... 3,585,500 3,585,500
26 Total expenses and disbursements. Add lines 24 and 25 5,853,508 1,303,566   4,291,036
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -504,481
b Net investment income (if negative, enter -0-) 3,970,849
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............. 116,267 36,858 36,858
2 Savings and temporary cash investments......... 2,547,232 2,787,132 2,787,132
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)      
b Investments—corporate stock (attach schedule)....... 34,258,892 Click to see attachment
List of Attached Documents:
// Content
35,237,978 		35,237,978
c Investments—corporate bonds (attach schedule)....... 6,294,802 Click to see attachment
List of Attached Documents:
// Content
7,226,960 		7,226,960
11 Investments—land, buildings, and equipment: basis right arrow6,000,285
Less: accumulated depreciation (attach schedule) right arrow2,244,120 3,927,353 Click to see attachment
List of Attached Documents:
// Content
3,756,165 		9,649,605
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,753,994 Click to see attachment
List of Attached Documents:
// Content
8,327,857 		8,327,857
14 Land, buildings, and equipment: basis right arrow31,590
Less: accumulated depreciation (attach schedule) right arrow30,042 2,615 Click to see attachment
List of Attached Documents:
// Content
1,548 		1,548
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,437 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,902,592 57,374,498 63,267,938
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) Click to see attachment
List of Attached Documents:
// Content
45,874 		Click to see attachment
List of Attached Documents:
// Content
45,874
23 Total liabilities (add lines 17 through 22)......... 45,874 45,874
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........ 80,000 80,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 54,776,718 57,248,624
29 Total net assets or fund balances (see instructions)..... 54,856,718 57,328,624
30 Total liabilities and net assets/fund balances (see instructions). 54,902,592 57,374,498
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
54,856,718
2
Enter amount from Part I, line 27a .....................
2
-504,481
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,976,387
4
Add lines 1, 2, and 3 ..........................
4
57,328,624
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
57,328,624
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   2022-01-01 2023-12-31
b CAPITAL GAIN DIVIDENDS P 2022-01-01 2023-12-31
c FUGIO FUND XI PE LP P 2022-01-01 2023-12-31
d FUGIO PRIVATE EQUITY IX P 2022-01-01 2023-12-31
e FUGIO FUND XII VC LP P 2022-01-01 2023-12-31
CERES FARMS LLC P 2022-01-01 2023-12-31
FUGIO FUND XII PE LP P 2022-01-01 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 18,407,240   15,922,256 2,484,984
b 3,518     3,518
c 1,565     1,565
d 29,819     29,819
e 52     52
97,139     97,139
4,851     4,851
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       2,484,984
b       3,518
c       1,565
d       29,819
e       52
      97,139
      4,851
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,621,928
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 55,195
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 55,195
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 55,195
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 61,856
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 86,856
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 31,661
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow31,661 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowN/A
14
The books are in care ofright arrowJAMES R WOLFE Telephone no.right arrow (425) 829-1311

Located atright arrow10709 BEARDSLEE BOULEVARD SUITE 201BOTHELLWA ZIP+4right arrow98011
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)
 
No
(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
JAMES R WOLFE PRESIDENT
32.00 		135,995 9,605 0
10709 BEARDSLEE BLVD SUITE 201
BOTHELL,WA98011
VERNE JAY TODD TREASURER
20.00 		75,204 18,827 0
10709 BEARDSLEE BLVD SUITE 201
BOTHELL,WA98011
RAYMOND CURRY SECRETARY
15.00 		46,850 16,749 0
10709 BEARDSLEE BLVD SUITE 201
BOTHELL,WA98011
JOAN WOLFE VICE PRESIDENT
40.00 		141,210 15,436 0
10709 BEARDSLEE BLVD SUITE 201
BOTHELL,WA98011
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
MEGAN SANTOS MANAGER OF OFFICE &
40.00 		80,601 27,562 0
10709 BEARDSLEE BLVD SUITE 201
BOTHELL,WA98011
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
CERES FARMS LLC INVESTMENT MANAGEMENT 190,478
806 HOWARD STREET 200
SOUTH BEND,IN46617
BNY MELLON INVESTMENT MANAGEMENT 125,194
1201 THIRD AVENUE 5010
SEATTLE,WA98101
MORGAN STANLEY INVESTMENT MANAGEMENT 110,232
225 108TH AVENUE NE 800
BELLEVUE,WA98004
CLARK NUBER ACCOUNTING AND TAX SERVICES 57,405
10900 NE 4TH ST SUITE 1400
BELLEVUE,WA98004
MAKENSAY REAL ESTATE SERVICES RENTAL PROPERTY MGMT FEES 57,404
85 S WASHINGTON ST UNIT 211
SEATTLE,WA98104
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
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
40,553,015
b
Average of monthly cash balances.......................
1b
3,035,983
c
Fair market value of all other assets (see instructions)................
1c
17,454,570
d
Total (add lines 1a, b, and c).........................
1d
61,043,568
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
61,043,568
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
915,654
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
60,127,914
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,006,396
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
3,006,396
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
55,195
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
55,195
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,951,201
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,951,201
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
2,951,201
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
4,291,036
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
4,291,036
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 2,951,201
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...... 35,709
b From 2019...... 771,845
c From 2020...... 1,084,290
d From 2021...... 1,175,442
e From 2022...... 1,374,831
f Total of lines 3a through e ........ 4,442,117
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,291,036
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..... 2,951,201
e Remaining amount distributed out of corpus 1,339,835
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 5,781,952
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) ... 		35,709
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		5,746,243
10 Analysis of line 9:
a Excess from 2019.... 771,845
b Excess from 2020.... 1,084,290
c Excess from 2021.... 1,175,442
d Excess from 2022.... 1,374,831
e Excess from 2023.... 1,339,835
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

ACRES OF DIAMONDS

PO BOX 1672
DUVALL,WA98019 		  PC HUMAN SERVICES 60,000

ACRES OF DIAMONDS

PO BOX 1672
DUVALL,WA98019 		  PC HUMAN SERVICES 7,500

ACRES OF DIAMONDS

PO BOX 1672
DUVALL,WA98019 		  PC HUMAN SERVICES 4,000

AMERICAN NATIONAL RED CROSS

430 17TH ST NW
WASHINGTON,DC20006 		  PC DISASTER RELIEF 5,000

ANACORTES FAMILY CENTER

2702 COMMERCIAL AVENUE
ANACORTES,WA982212734 		  PC HUMAN SERVICES 4,000

ANACORTES FAMILY CENTER

2702 COMMERCIAL AVENUE
ANACORTES,WA982212734 		  PC HUMAN SERVICES 36,000

ANACORTES FAMILY CENTER

2702 COMMERCIAL AVENUE
ANACORTES,WA982212734 		  PC HUMAN SERVICES 4,000

BETHANY PRESBYTERIAN CHURCH

3 HOWE STREET
SEATTLE,WA98109 		  PC HUMAN SERVICES 12,000

BETHANY PRESBYTERIAN CHURCH

3 HOWE STREET
SEATTLE,WA98109 		  PC HUMAN SERVICES 2,000

BRIDGE DISABILITIES MINISTRIES

12356 NORTHUP WAY SUITE 103
BELLEVUE,WA980051956 		  PC TARGETED GROUPS SERVICES 60,000

BRIDGE DISABILITIES MINISTRIES

12356 NORTHUP WAY SUITE 103
BELLEVUE,WA980051956 		  PC TARGETED GROUPS SERVICES 5,000

BRIDGE DISABILITIES MINISTRIES

12356 NORTHUP WAY SUITE 103
BELLEVUE,WA980051956 		  PC TARGETED GROUPS SERVICES 4,000

BUILDING CHANGES

1200 12TH AVENUE SOUTH SUITE 1200
SEATTLE,WA98144 		  PC HUMAN SERVICES 50,000

CENTRAL WASHINGTON UNIVERSITY FOUNDATION

400 E UNIVERSITY WAY
ELLENSBURG,WA98926 		  PC EDUCATION 42,000

CHILDREN'S HOME SOCIETY OF WASHINGTON

PO BOX 15190
SEATTLE,WA98115 		  PC TARGETED GROUPS SERVICES 25,000

COMMUNITY ACTION OF SKAGIT COUNTY

330 PACIFIC PLACE
MOUNT VERNON,WA98273 		  PC TARGETED GROUPS SERVICES 20,000

COMPASS HOUSING ALLIANCE

210 ALASKAN WAY
SEATTLE,WA98104 		  PC HUMAN SERVICES 60,000

COMPASS HOUSING ALLIANCE

210 ALASKAN WAY
SEATTLE,WA98104 		  PC HUMAN SERVICES 4,000

CONVOY OF HOPE

330 S PATTERSON AVENUE
SPRINGFIELD,MO65802 		  PC DISASTER RELIEF 10,000

CONVOY OF HOPE

330 S PATTERSON AVENUE
SPRINGFIELD,MO65802 		  PC DISASTER RELIEF 10,000

CRISTA MINISTRIES

19303 FREMONT AVE N MS 15
SHORELINE,WA98133 		  PC HUMAN SERVICES 10,000

CRISTA MINISTRIES

19303 FREMONT AVE N MS 15
SHORELINE,WA98133 		  PC HUMAN SERVICES 4,000

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		  PC DISASTER RELIEF 20,000

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		  PC DISASTER RELIEF 10,000

EASTERN WASHINGTON UNIVERSITY FOUNDATION

102 HARGREAVES HALL
CHENEY,WA990042413 		  PC EDUCATION 42,000

ELIZABETH GREGORY HOME

1604 NE 50TH ST
SEATTLE,WA98105 		  PC HUMAN SERVICES 30,000

EVERYONE FOR VETERANS

PO BOX 1081
ISSAQUAH,WA98027 		  PC TARGETED GROUPS SERVICES 20,000

FINGER LAKES AREA COMMUNITY ENDOWMENT

1150 PITTSFORD-VICTOR ROAD
PITTSFORD,NY14535 		  PC EDUCATION 2,000

FOOD FOR THE HUNGRY INC

1224 E WASHINGTON STREET
PHOENIX,AZ85034 		  PC DISASTER RELIEF 60,000

GETHSEMANE LUTHERAN CHURCH

911 STEWART STREET
SEATTLE,WA981011492 		  PC HUMAN SERVICES 12,000

GETHSEMANE LUTHERAN CHURCH

911 STEWART STREET
SEATTLE,WA981011492 		  PC HUMAN SERVICES 2,000

HEARTBEAT SERVING WOUNDED WARRIORS

PO BOX 610
ONALASKA,WA98570 		  PC TARGETED GROUPS SERVICES 24,000

HEARTBEAT SERVING WOUNDED WARRIORS

PO BOX 610
ONALASKA,WA98570 		  PC TARGETED GROUPS SERVICES 4,000

HOMAGE SENIOR SERVICES

5026 196TH ST SW
LYNNWOOD,WA98036 		  PC TARGETED GROUPS SERVICES 60,000

HOMAGE SENIOR SERVICES

5026 196TH ST SW
LYNNWOOD,WA98036 		  PC TARGETED GROUPS SERVICES 4,000

HOPE IN HAITI

PO BOX 26
MONROE,WA98272 		  PC ANNUAL GRANT 20,000

HOPE IN HAITI

PO BOX 26
MONROE,WA98272 		  PC EDUCATION 2,000

HOPELINK

10675 WILLOWS ROAD NE SUITE 275
REDMOND,WA98052 		  PC HUMAN SERVICES 60,000

HOPELINK

10675 WILLOWS ROAD NE SUITE 275
REDMOND,WA98052 		  PC HUMAN SERVICES 4,000

JONI AND FRIENDS

30009 LADYFACE ST
AGOURA HILLS,CA91376 		  PC TARGETED GROUPS SERVICES 25,000

KINDERING CENTER

16120 NE 8TH STREET
BELLEVUE,WA98008 		  PC TARGETED GROUPS SERVICES 60,000

KINDERING CENTER

16120 NE 8TH STREET
BELLEVUE,WA98008 		  PC TARGETED GROUPS SERVICES 5,000

KINDERING CENTER

16120 NE 8TH STREET
BELLEVUE,WA98008 		  PC TARGETED GROUPS SERVICES 35,000

KINDERING CENTER

16120 NE 8TH STREET
BELLEVUE,WA98008 		  PC TARGETED GROUPS SERVICES 4,000

KING COUNTY SEXUAL ASSAULT RESOURCE CTR

PO BOX 300
RENTON,WA98057 		  PC TARGETED GROUPS SERVICES 5,000

LAKE WASHINGTON UNITED METHODIST CHURCH

7525 132ND AVE NE
KIRKLAND,WA98033 		  PC HUMAN SERVICES 12,000

LAKE WASHINGTON UNITED METHODIST CHURCH

7525 132ND AVE NE
KIRKLAND,WA98033 		  PC HUMAN SERVICES 3,000

LAKE WASHINGTON UNITED METHODIST CHURCH

7525 132ND AVE NE
KIRKLAND,WA98033 		  PC HUMAN SERVICES 4,000

LEGAL COUNSEL FOR YOUTH & CHILDREN

PO BOX 28629
SEATTLE,WA98118 		  PC LEGAL SUPPORT FOR YOUTH IN THE CHILD WELFARE (DEPENDENCY) SYSTEM 10,000

LIBERTY ROAD FOUNDATION

16625 REDMOND WAY STEM323
REDMOND,WA98052 		  PC HUMAN SERVICES 15,000

LOVE INC

PO BOX 2057
MOUNT VERNON,WA98273 		  PC HUMAN SERVICES 12,000

LOVE INC

PO BOX 2057
MOUNT VERNON,WA98273 		  PC HUMAN SERVICES 2,000

MARY'S PLACE

PO BOX 1711
SEATTLE,WA98111 		  PC HUMAN SERVICES 60,000

MARY'S PLACE

PO BOX 1711
SEATTLE,WA98111 		  PC HUMAN SERVICES 4,000

MARY'S PLACE

PO BOX 1711
SEATTLE,WA98111 		  PC HUMAN SERVICES 5,000

NEW HORIZONS MINISTRIES

2709 3RD AVE
SEATTLE,WA98121 		  PC TARGETED GROUPS SERVICES 60,000

NEW HORIZONS MINISTRIES

2709 3RD AVE
SEATTLE,WA98121 		  PC TARGETED GROUPS SERVICES 5,000

NEW HORIZONS MINISTRIES

2709 3RD AVE
SEATTLE,WA98121 		  PC TARGETED GROUPS SERVICES 40,000

NEW HORIZONS MINISTRIES

2709 3RD AVE
SEATTLE,WA98121 		  PC TARGETED GROUPS SERVICES 4,000

NEXT STEP PREGNANCY SERVICES

19526 64TH AVE W
LYNNWOOD,WA98036 		  PC TARGETED GROUPS SERVICES 12,000

NEXT STEP PREGNANCY SERVICES

19526 64TH AVE W
LYNNWOOD,WA98036 		  PC TARGETED GROUPS SERVICES 1,000

NEXT STEP PREGNANCY SERVICES

19526 64TH AVE W
LYNNWOOD,WA98036 		  PC TARGETED GROUPS SERVICES 2,000

NORTH HELPLINE

12736 33RD AVENUE NE
SEATTLE,WA98125 		  PC HUMAN SERVICES 25,000

NORTHWEST JUSTICE PROJECT

401 SECOND AVE S STE 407
SEATTLE,WA98104 		  PC TARGETED GROUPS SERVICES 10,000

NORTHWEST'S CHILD

2100 24TH AVE S 320
SEATTLE,WA98144 		  PC A DAY OF PROMISE SPRING AUCTION 3,000

OPEN DOORS USA

PO BOX 27001
SANTA ANA,CA92799 		  PC DISASTER RELIEF 25,000

OPERATION NIGHTWATCH

PO BOX 21181
SEATTLE,WA98111 		  PC HUMAN SERVICES 54,000

OPERATION NIGHTWATCH

PO BOX 21181
SEATTLE,WA98111 		  PC HUMAN SERVICES 5,000

OPERATION NIGHTWATCH

PO BOX 21181
SEATTLE,WA98111 		  PC HUMAN SERVICES 4,000

OPERATION WARD 57

PO BOX 80055
SEATTLE,WA98108 		  PC TARGETED GROUPS SERVICES 12,000

PLYMOUTH HOUSING

2113 3RD AVE
SEATTLE,WA98121 		  PC HUMAN SERVICES 7,500

PLYMOUTH HOUSING

2113 3RD AVE
SEATTLE,WA98121 		  PC HUMAN SERVICES 60,000

PLYMOUTH HOUSING

2113 3RD AVE
SEATTLE,WA98121 		  PC HUMAN SERVICES 4,000

PRISON FELLOWSHIP MINISTRIES

44180 RIVERSIDE PARKWAY
LANSDOWNE,VA20176 		  PC TARGETED GROUPS SERVICES 30,000

PRISON FELLOWSHIP MINISTRIES

44180 RIVERSIDE PARKWAY
LANSDOWNE,VA20176 		  PC TARGETED GROUPS SERVICES 60,000

PRISON FELLOWSHIP MINISTRIES

44180 RIVERSIDE PARKWAY
LANSDOWNE,VA20176 		  PC TARGETED GROUPS SERVICES 10,000

QUEEN ANNE PRESBYTERIAN CHURCH

414 W HOWE STREET
SEATTLE,WA98119 		  PC HUMAN SERVICES 12,000

QUEEN ANNE PRESBYTERIAN CHURCH

414 W HOWE STREET
SEATTLE,WA98119 		  PC HUMAN SERVICES 2,000

REAL ESCAPE FROM THE SEX TRADE

4215 RAINIER AVE S SUITE B
SEATTLE,WA98118 		  PC TARGETED GROUPS SERVICES 60,000

REAL ESCAPE FROM THE SEX TRADE

4215 RAINIER AVE S SUITE B
SEATTLE,WA98118 		  PC TARGETED GROUPS SERVICES 5,000

REAL ESCAPE FROM THE SEX TRADE

4215 RAINIER AVE S SUITE B
SEATTLE,WA98118 		  PC TARGETED GROUPS SERVICES 4,000

REBOOT RECOVERY

PO BOX 381
PLEASANT VIEW,TN37146 		  PC DISASTER RELIEF 5,000

RECOVERY CAFE

2022 BOREN AVENUE
SEATTLE,WA98121 		  PC HUMAN SERVICES 7,500

RECOVERY CAFE

2022 BOREN AVENUE
SEATTLE,WA98121 		  PC HUMAN SERVICES 60,000

RECOVERY CAFE

2022 BOREN AVENUE
SEATTLE,WA98121 		  PC HUMAN SERVICES 4,000

SALVATION ARMY

111 QUEEN ANNE AVE N SUITE 300
SEATTLE,WA98109 		  PC HUMAN SERVICES 60,000

SALVATION ARMY

111 QUEEN ANNE AVE N SUITE 300
SEATTLE,WA98109 		  PC HUMAN SERVICES 10,000

SALVATION ARMY

111 QUEEN ANNE AVE N SUITE 300
SEATTLE,WA98109 		  PC HUMAN SERVICES 10,000

SALVATION ARMY

111 QUEEN ANNE AVE N SUITE 300
SEATTLE,WA98109 		  PC HUMAN SERVICES 10,000

SALVATION ARMY

111 QUEEN ANNE AVE N SUITE 300
SEATTLE,WA98109 		  PC HUMAN SERVICES 10,000

SAMARITAN'S PURSE

801 BAMBOO ROAD
BOONE,NC286073000 		  PC DISASTER RELIEF 20,000

SAMARITAN'S PURSE

801 BAMBOO ROAD
BOONE,NC286073000 		  PC DISASTER RELIEF 10,000

SAMARITAN'S PURSE

801 BAMBOO ROAD
BOONE,NC286073000 		  PC DISASTER RELIEF 10,000

SAMARITAN'S PURSE

801 BAMBOO ROAD
BOONE,NC286073000 		  PC DISASTER RELIEF 10,000

SAMARITAN'S PURSE

801 BAMBOO ROAD
BOONE,NC286073000 		  PC DISASTER RELIEF 10,000

SAT-7 USA

PO BOX 2770
EASTON,MD21601 		  PC EDUCATION 60,000

SEATTLE UNION GOSPEL MISSION

3800 S OTHELLO STREET
SEATTLE,WA98118 		  PC HUMAN SERVICES 10,000

SEATTLE UNION GOSPEL MISSION

3800 S OTHELLO STREET
SEATTLE,WA98118 		  PC HUMAN SERVICES 60,000

SEATTLE UNION GOSPEL MISSION

3800 S OTHELLO STREET
SEATTLE,WA98118 		  PC HUMAN SERVICES 4,000

SEATTLE VETERINARY OUTREACH

PO BOX 33156
SEATTLE,WA98133 		  PC TARGETED GROUPS SERVICES 5,000

SHAI FUND INC

500 N WALNUT ST
MURFREESBORO,TN37130 		  PC DISASTER RELIEF 10,000

SLAVIC GOSPEL ASSOCIATION

6151 COMMONWEALTH DR
LOVES PARK,IL61111 		  PC HUMAN SERVICES 20,000

SOLID GROUND

1501 N 45TH STREET
SEATTLE,WA981036708 		  PC HUMAN SERVICES 60,000

SOLID GROUND

1501 N 45TH STREET
SEATTLE,WA981036708 		  PC HUMAN SERVICES 5,000

SOLID GROUND

1501 N 45TH STREET
SEATTLE,WA981036708 		  PC HUMAN SERVICES 4,000

SOUND GENERATIONS

2208 2ND AVENUE STE 100
SEATTLE,WA981212055 		  PC TARGETED GROUPS SERVICES 60,000

SOUND GENERATIONS

2208 2ND AVENUE STE 100
SEATTLE,WA981212055 		  PC TARGETED GROUPS SERVICES 5,000

SOUND GENERATIONS

2208 2ND AVENUE STE 100
SEATTLE,WA981212055 		  PC TARGETED GROUPS SERVICES 6,000

SOUTH SEATTLE COLLEGE FOUNDATION

SOUTH CAMPUS/MAILSTOP R501
SEATTLE,WA98106 		  PC EDUCATION 408,000

ST FRANCIS HOUSE

169 12TH AVE
SEATTLE,WA98122 		  PC HUMAN SERVICES 12,000

ST FRANCIS HOUSE

169 12TH AVE
SEATTLE,WA98122 		  PC HUMAN SERVICES 6,000

ST FRANCIS HOUSE

169 12TH AVE
SEATTLE,WA98122 		  PC HUMAN SERVICES 2,000

TEAM RUBICON

6171 CENTURY BOULEVARD STE 310
LOS ANGELES,CA90045 		  PC DISASTER RELIEF 10,000

TEAM RUBICON

6171 CENTURY BOULEVARD STE 310
LOS ANGELES,CA90045 		  PC DISASTER RELIEF 10,000

THE RESCUE MISSION

425 S TACOMA WAY
TACOMA,WA98402 		  PC HUMAN SERVICES 60,000

THE RESCUE MISSION

425 S TACOMA WAY
TACOMA,WA98402 		  PC HUMAN SERVICES 4,000

THE SOPHIA WAY

11061 NE 2ND STREET SUITE 223
BELLEVUE,WA98004 		  PC HUMAN SERVICES 60,000

THE SOPHIA WAY

11061 NE 2ND STREET SUITE 223
BELLEVUE,WA98004 		  PC HUMAN SERVICES 4,000

THE SOPHIA WAY

11061 NE 2ND STREET SUITE 223
BELLEVUE,WA98004 		  PC HUMAN SERVICES 5,000

THINKSMALL

PO BOX 40090
BELLEVUE,WA98015 		  PC TARGETED GROUPS SERVICES 30,000

THINKSMALL

PO BOX 40090
BELLEVUE,WA98015 		  PC TARGETED GROUPS SERVICES 2,000

TRANSFORMATIONS BY OLYMPIC ANGELS

PO BOX 654
PORT TOWNSEND,WA98368 		  PC GENERAL OPERATIONS 30,000

TREEHOUSE

2100 24TH AVE S STE 200
SEATTLE,WA98144 		  PC TARGETED GROUPS SERVICES 7,500

TREEHOUSE

2100 24TH AVE S STE 200
SEATTLE,WA98144 		  PC TARGETED GROUPS SERVICES 60,000

TREEHOUSE

2100 24TH AVE S STE 200
SEATTLE,WA98144 		  PC TARGETED GROUPS SERVICES 20,000

TREEHOUSE

2100 24TH AVE S STE 200
SEATTLE,WA98144 		  PC TARGETED GROUPS SERVICES 4,000

UNITED SERVICE ORGANIZATIONS INC

2111 WILSON BLVD SUITE 1200
ARLINGTON,VA22201 		  PC TARGETED GROUPS SERVICES 7,500

UNITED SERVICE ORGANIZATIONS INC

2111 WILSON BLVD SUITE 1200
ARLINGTON,VA22201 		  PC TARGETED GROUPS SERVICES 10,000

UNIVERSITY OF WASHINGTON FOUNDATION

4333 BROOKLYN AVE NE
SEATTLE,WA98105 		  PC EDUCATION 42,000

UNIVERSITY OF WASHINGTON FOUNDATION

4333 BROOKLYN AVE NE
SEATTLE,WA98105 		  PC EDUCATION 25,000

UPLIFT NORTHWEST

2515 WESTERN AVE
SEATTLE,WA98121 		  PC EDUCATION 2,000

VINE MAPLE PLACE

PO BOX 1092
MAPLE VALLEY,WA98038 		  PC HUMAN SERVICES 60,000

VINE MAPLE PLACE

PO BOX 1092
MAPLE VALLEY,WA98038 		  PC HUMAN SERVICES 7,500

VINE MAPLE PLACE

PO BOX 1092
MAPLE VALLEY,WA98038 		  PC HUMAN SERVICES 60,000

VINE MAPLE PLACE

PO BOX 1092
MAPLE VALLEY,WA98038 		  PC HUMAN SERVICES 5,000

VINE MAPLE PLACE

PO BOX 1092
MAPLE VALLEY,WA98038 		  PC HUMAN SERVICES 4,000

VINE MAPLE PLACE

PO BOX 1092
MAPLE VALLEY,WA98038 		  PC HUMAN SERVICES 10,000

VISION HOUSE

PO BOX 2951
RENTON,WA98056 		  PC HUMAN SERVICES 60,000

VISION HOUSE

PO BOX 2951
RENTON,WA98056 		  PC HUMAN SERVICES 10,000

VISION HOUSE

PO BOX 2951
RENTON,WA98056 		  PC HUMAN SERVICES 5,000

VISION HOUSE

PO BOX 2951
RENTON,WA98056 		  PC HUMAN SERVICES 4,000

WASHINGTON AUTISM ALLIANCE

16225 NE 87TH ST STE A-2
REDMOND,WA98052 		  PC TARGETED GROUPS SERVICES 2,000

WASHINGTON STATE UNIVERSITY FOUNDATION

255 E MAIN STREET S 301
PULLMAN,WA99164 		  PC EDUCATION 42,000

WELLSPRING FAMILY SERVICES

1900 RAINIER AVE S
SEATTLE,WA98144 		  PC HUMAN SERVICES 60,000

WELLSPRING FAMILY SERVICES

1900 RAINIER AVE S
SEATTLE,WA98144 		  PC HUMAN SERVICES 7,500

WELLSPRING FAMILY SERVICES

1900 RAINIER AVE S
SEATTLE,WA98144 		  PC HUMAN SERVICES 4,000

WESTERN WASHINGTON UNIVERSITY FOUNDATION

516 HIGH STREET OLD MAIN 430
BELLINGHAM,WA982259034 		  PC EDUCATION 42,000

YEAR UP INC

2607 2ND AVENUE
SEATTLE,WA98121 		  PC EDUCATION 25,000

YEAR UP INC

2607 2ND AVENUE
SEATTLE,WA98121 		  PC EDUCATION 5,000

YMCA OF GREATER SEATTLE

2100 24TH AVE S 250
SEATTLE,WA98144 		  PC HUMAN SERVICES 60,000

YMCA OF GREATER SEATTLE

2100 24TH AVE S 250
SEATTLE,WA98144 		  PC HUMAN SERVICES 5,000

YMCA OF GREATER SEATTLE

2100 24TH AVE S 250
SEATTLE,WA98144 		  PC HUMAN SERVICES 30,000

YMCA OF GREATER SEATTLE

2100 24TH AVE S 250
SEATTLE,WA98144 		  PC HUMAN SERVICES 4,000

YOUNG LIFE

420 NORTH CASCADE
COLORADO SPRINGS,CO80903 		  PC CHRISTMAS GRANT 3,000

YOUNG LIFE

420 NORTH CASCADE
COLORADO SPRINGS,CO80903 		  PC TARGETED GROUPS SERVICES 18,000

YOUNG LIFE

420 NORTH CASCADE
COLORADO SPRINGS,CO80903 		  PC TARGETED GROUPS SERVICES 25,000

YWCA SEATTLE-KING-SNOHOMISH

1118 FIFTH AVENUE
SEATTLE,WA981013012 		  PC HUMAN SERVICES 60,000

YWCA SEATTLE-KING-SNOHOMISH

1118 FIFTH AVENUE
SEATTLE,WA981013012 		  PC HUMAN SERVICES 5,000

YWCA SEATTLE-KING-SNOHOMISH

1118 FIFTH AVENUE
SEATTLE,WA981013012 		  PC HUMAN SERVICES 4,000
Total .................................right arrow 3a 3,585,500
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 ........... 		    14 204,069  
4 Dividends and interest from securities ....     14 921,695  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 693,211  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 16,369  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,627,965  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 4,463,309 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,463,309
(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

TY 2023 AccountingFeesSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 57,244 10,370   41,712

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TY 2023 AmortizationSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
LEASE COMMMISSION GOTTMAN #500 12/17 2015-01-01 6,064 6,064 36.000000000000   0   6,064
LEASE COMMISSION #506 CASA 12/17 2015-08-01 22,066 22,066 29.000000000000   0   22,066
LEASE COMMISSION #505 CNTR FOR ETHICAL 6/20 2015-07-01 3,385 3,385 60.000000000000   0   3,385
LEASE COMMISSION #400 KING CO TDA 4/19 2009-04-17 3,780 3,780 120.000000000000   0   3,780
LEASE COMMISSION #401 RH HOME CARE 2/18 2012-03-01 43,050 43,050 72.000000000000   0   43,050
LEASE COMMISSION #400 KING CO TDA 6/20 2010-07-01 46,200 39,270 120.000000000000   0   39,270
LEASE COMMISSION SCRAP #200 5/24 2014-06-01 388,860 333,772 120.000000000000 38,886 38,886   372,658
LEASE COMMISSION SEATTLE U #300 4/24 2014-05-01 74,171 64,281 120.000000000000 7,417 7,417   71,698

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TY 2023 DepreciationSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
OFFICE EQUIPMENT 2009-08-31 518 259 SL 7.000000000000 0 0    
IMAC COMPUTER 1 2010-01-12 1,313 656 SL 5.000000000000 0 0    
IMAC COMPUTER 2 2010-05-19 1,313 656 SL 5.000000000000 0 0    
COUNTER 2010-01-13 980 490 SL 7.000000000000 0 0    
APPLE COMPUTER 2013-01-16 2,538 1,269 200DB 5.000000000000 0 0    
CREDENZA 2014-01-31 415 415 200DB 7.000000000000 0 0    
LAPTOP COMPUTER - MAC 2015-04-07 2,766 1,373 200DB 5.000000000000 0 0    
WINDOW COVERINGS 2015-05-24 1,219 985 200DB 7.000000000000 0 0    
2 PRINTERS 2015-10-08 1,292 1,060 200DB 5.000000000000 0 0    
JIM'S COMPUTER 2015-10-14 2,046 1,136 200DB 5.000000000000 0 0    
LAND - JEFFERSON 2009-02-21 987,850   L   0 0    
BUILDING & IMPROVEMENT 2009-02-21 3,307,150 1,176,586 SL 39.000000000000 84,799 84,799    
TENANT IMPROVEMENTS 2009-10-31 10,691 3,619 SL 39.000000000000 274 274    
SPACE PLANNING 2009-11-30 2,984 1,011 SL 39.000000000000 77 77    
WINDOW REPLACEMENT 2010-03-31 17,815 5,846 SL 39.000000000000 457 457    
TENANT IMPROVEMENTS 2010-08-31 175,332 55,638 SL 39.000000000000 4,496 4,496    
SPACE PLANNING 2010-10-31 3,325 1,038 SL 39.000000000000 85 85    
TENANT IMPROVEMENTS 2011-11-30 35,731 10,191 SL 39.000000000000 916 916    
COOLING TOWER REPLACEMENT 2011-11-03 35,615 10,157 SL 39.000000000000 913 913    
LOBBY IMPROVEMENTS 2012-01-01 18,733 5,260 SL 39.000000000000 480 480    
TENANT IMPROVEMENTS 2012-10-25 273,028 149,876 SL 15.000000000000 18,202 18,202    
COOLING TOWER REPLACEMENT 2012-09-24 28,328 7,472 SL 39.000000000000 726 726    
ELEVATOR REPLACEMENT 2013-12-16 101,969 23,644 SL 39.000000000000 2,615 2,615    
ELEVATOR REPLACEMENT 2014-10-31 324,627 68,326 SL 39.000000000000 8,324 8,324    
TENANT IMPROV SEATTLE U #401 2014-09-25 35,137 9,368 SL 15.000000000000 1,171 1,171    
USED TRUCK 2014-12-17 1,771 1,771 SL 5.000000000000 0 0    
TENANT IMPROV SEATTLE U #401 2015-10-31 36,758 7,009 SL 39.000000000000 943 943    
WINDOW REPLACEMENT 2015-11-20 15,865 2,883 SL 39.000000000000 407 407    
FURNITURE 2018-05-17 1,051 823 200DB 7.000000000000 65 0    
FURNITURE 2018-06-28 4,713 3,662 200DB 7.000000000000 300 0    
FURNITURE 2018-07-02 1,368 1,062 200DB 7.000000000000 87 0    
OFFICE CHAIRS 2018-09-19 649 492 200DB 7.000000000000 45 0    
CPR 2018-10-17 608 457 200DB 7.000000000000 43 0    
FURNITURE 2018-10-17 637 479 200DB 7.000000000000 45 0    
FURNITURE 2018-10-17 164 124 200DB 7.000000000000 11 0    
TV AND BRACKET 2018-10-25 589 443 200DB 7.000000000000 42 0    
NOT JUST ANTIQUES FURNITURE 2018-10-31 332 250 200DB 7.000000000000 23 0    
CITY MAC COMPUTERS 2018-10-09 4,143 3,660 200DB 5.000000000000 145 0    
CRATE AND BARREL FURNITURE 2018-10-19 797 600 200DB 7.000000000000 56 0    
NATIONAL BUSINESS FURNITURE 2019-01-30 1,426 1,042 200DB 7.000000000000 110 0    
CPR 2019-12-12 356 229 200DB 7.000000000000 36 0    
CPR 2021-05-03 357 151 200DB 7.000000000000 59 0    

TY 2023 InvestmentsCorpBondsSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Name of Bond End of Year Book Value End of Year Fair Market Value
BNY MELLON - DETAIL AVAILABLE UPON REQUEST 7,226,960 7,226,960

TY 2023 InvestmentsCorpStockSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Name of Stock End of Year Book Value End of Year Fair Market Value
BNY MELLON - DETAIL AVAILABLE UPON REQUEST 19,302,803 19,302,803
MORGAN STANLEY 25074 - DETAIL AVAILABLE UPON REQUEST 14,344,981 14,344,981
IB SECURITIES #5795 1,590,194 1,590,194

TY 2023 InvestmentsLandSchedule2
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND & BUILDING 5,412,709 1,682,149 3,730,560 9,624,000
LEASE COMMISSIONS 587,576 561,971 25,605 25,605

TY 2023 InvestmentsOtherSchedule2
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PEG GLOBAL PRIVATE EQUITY INSTITUTIONAL INVESTORS VI FMV 1,582,291 1,582,291
FUGIO PRIVATE EQUITY FUND IX, LP FMV 886,184 886,184
CERES FARM LLC FMV 5,328,409 5,328,409
FUGIO FUND XI PE LP FMV 393,651 393,651
FUGIO FUND XII PE LP FMV 72,730 72,730
FUGIO FUND VC LP FMV 64,592 64,592

TY 2023 LandEtcSchedule2
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS & EQUIPMENT 31,590 30,042 1,548 1,548


TY 2023 LegalFeesSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 8,962 0   8,962
LEGAL FEES - RENTAL 9,902 9,902   0


TY 2023 OtherAssetsSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
REIMBURSEMENT RECEIVABLES 1,437 0 0


TY 2023 OtherExpensesSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 5,035 0   5,035
BOOKS & SUBSCRIPTIONS 17,234 0   17,234
POSTAGE & MAILING 719 0   719
SUPPLIES 7,957 0   7,957
TELEPHONE 8,100 0   8,100
ACTIVITY FROM PASS-THRU INVESTMENTS 0 41,467   0
OTHER INVESTMENT EXPENDITURES 0 3,527   0
ENTERTAINMENT 4,506 0   4,506
OTHER EXPENSES 30 0   30
SECURITY - RENTAL 23,795 23,795   0
ADMINISTRATIVE - RENTAL 2,083 2,083   0
INSURANCE - RENTAL 47,730 47,730   0
OTHER LANDLORD EXPENSES - RENTAL 241,774 241,774   0
AMORTIZATION 46,303 46,303   0


TY 2023 OtherIncomeSchedule2
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ALTERNATIVE INVESTMENT INCOME 16,267 77,448 16,267
OTHER INCOME 102 102 102


TY 2023 OtherIncreasesSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Description Amount
UNREALIZED GAINS/LOSSES ON INVESTMENTS 2,976,387


TY 2023 OtherLiabilitiesSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Description Beginning of Year - Book Value End of Year - Book Value
JEFFERSON SECURITY DEPOSITS 45,874 45,874


TY 2023 OtherProfessionalFeesSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 486,306 257,731   0
OTHER PROFESSIONAL FEES 34,734 0   34,734
MANAGEMENT FEE - RENTAL 57,405 57,405   0


TY 2023 TaxesSchedule
Name:
BIELLA FOUNDATION
EIN:
91-1428508
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 81,000 0   0
FOREIGN TAXES 9,433 21,337   0
REAL ESTATE TAXES - RENTAL 81,692 81,692   0