TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
SUNBRIDGE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1000 SECOND AVENUE 34TH FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981041022

A Employer identification number

91-2080918

B Telephone number (see instructions)

(206) 621-1900

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$22,145,297J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	23,644		23,644
4	Dividends and interest from securities...	319,512		319,512
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		133,876
b	Gross sales price for all assets on line 6a 2,089,671
7	Capital gain net income (from Part IV, line 2)...			133,876
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	1,758	882	0
12	Total. Add lines 1 through 11........	478,790		477,914	0
13	Compensation of officers, directors, trustees, etc.	0		0	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	28,385	14,193	0	14,192
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	73,693	73,693	0	0
17	Interest...............	7,247		7,247	0	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	16,806	12,008	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	26,620	26,460	0	43
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	152,751		133,601	0	14,235
25	Contributions, gifts, grants paid.......	1,068,000				1,068,000
26	Total expenses and disbursements. Add lines 24 and 25	1,220,751		133,601	0	1,082,235
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-741,961
b	Net investment income (if negative, enter -0-)			344,313
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	635,081	7,977	7,977
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	6,940	2,142	2,142
	10a	Investments—U.S. and state government obligations (attach schedule)	0	List of Attached Documents: // Content 34,134	34,134
	b	Investments—corporate stock (attach schedule).......	12,566,500	List of Attached Documents: // Content 12,340,647	18,666,284
	c	Investments—corporate bonds (attach schedule).......	612,389	List of Attached Documents: // Content 629,034	591,754
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,199,227	List of Attached Documents: // Content 2,262,292	2,835,026
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 6,030	List of Attached Documents: // Content 7,980	List of Attached Documents: // Content 7,980
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	16,026,167	15,284,206	22,145,297
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	16,026,167	15,284,206
	29	Total net assets or fund balances (see instructions).....	16,026,167	15,284,206
	30	Total liabilities and net assets/fund balances (see instructions).	16,026,167	15,284,206

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

16,026,167

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

-741,961

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

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

15,284,206

Decreases not included in line 2 (itemize) right arrow

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

15,284,206

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	SHORT TERM GAIN/LOSS FROM PTES
b	LONG TERM GAIN/LOSS FROM PTES
c	SHORT TERM STOCK SALES		2023-01-01	2023-12-31
d	LONG TERM STOCK SALES		2010-01-01	2023-12-31
e	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a			-147
b			31,380
c	595,845	592,201	3,644
d	1,242,609	1,394,827	-152,218
e	251,217		251,217

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			-147
b			31,380
c			3,644
d			-152,218
e			251,217

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	133,876
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	3,497

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,786
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	4,786
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	4,786
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	6,940
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	6,940
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,154
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax2,154	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

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

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

BAKER TILLY ADVISORY GROUP LP Telephone no. right arrow

(206) 621-1900

Located at right arrow

1000 SECOND AVE STE 3400SEATTLEWA ZIP+4 right arrow

98104

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

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

16 At any time during calendar year 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)

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

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

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

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JAMES E ALLCHIN	TRUSTEE 1.00	0	0	0
1000 SECOND AVENUE 34TH FLOOR SEATTLE,WA981041022	TRUSTEE 1.00	0	0	0
CATHERINE M ALLCHIN	TRUSTEE 1.00	0	0	0
1000 SECOND AVENUE 34TH FLOOR SEATTLE,WA981041022	TRUSTEE 1.00	0	0	0
JUDY COURSHON	TRUSTEE 0.25	0	0	0
1000 SECOND AVENUE 34TH FLOOR SEATTLE,WA981041022	TRUSTEE 0.25	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (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)

Page 8

Part IX

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

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

purposes:

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

18,376,566

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

231,308

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

2,761,391

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

21,369,265

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

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

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

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

21,369,265

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

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

320,539

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

21,048,726

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

1,052,436

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

1,052,436

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

4,786

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

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

4,786

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

1,047,650

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

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

1,047,650

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

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

1,047,650

Part XI

Qualifying Distributions (see instructions)

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

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

1,082,235

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,082,235

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				1,047,650
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			1,065,251
b Total for prior years:20 , 20, 20		0
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 ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 1,082,235
a Applied to 2022, but not more than line 2a			1,065,251
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.....				16,984
e Remaining amount distributed out of corpus	0
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	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 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 ..........				1,030,666
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) ...	0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......	0
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)

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 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

JAMES E ALLCHIN

CATHERINE M ALLCHIN

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

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

aThe name, address, and telephone number or 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)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BROWN UNIVERSITY DIVISION OF ADVANCEMENT BOX 1893 PROVIDENCE,RI02912	N/A	PC	TO SUPPORT GENERAL FUND	250,000
CARE AFRICAN EDUCATION 151 ELLIS STREET NE ATLANTA,GA303032426	N/A	PC	TO SUPPORT GENERAL FUND	175,000
CONSERVATION INTERNATIONAL 2011 CRYSTAL DRIVE SUITE 600 ARLINGTON,VA22202	N/A	PC	TO SUPPORT GENERAL FUND	265,000
LELAND STANFORD JUNIOR UNIVERSITY 326 GALVEZ STREET STANFORD,CA943056105	N/A	PC	TO SUPPORT THE SCHOOL OF ENGINEERING GIFT FUND.	25,000
NATURAL RESOURCES DEFENSE COUNCIL 40 WEST 20TH STREET NEW YORK,NY10011	N/A	PC	TO SUPPORT GENERAL FUND	50,000
RAINIER SCHOLARS 2100 24TH AVE S SUITE 360 SEATTLE,WA981444646	N/A	PC	TO SUPPORT GENERAL FUND	5,000
SEATTLE ACADEMY 1201 EAST UNION STREET SEATTLE,WA98122	N/A	PC	TO SUPPORT GENERAL FUND	50,000
SEATTLE CHILDREN'S HOSPITAL PO BOX 5371 SEATTLE,WA981455005	N/A	PC	TO SUPPORT THE UNCOMPENSATED CARD FUND.	10,000
THE MOUNTAINEERS 7700 SAND POINT WAY NE SEATTLE,WA981153996	N/A	PC	TO SUPPORT GENERAL FUND	1,000
THE NATURE CONSERVANCY 4245 N FAIRFAX DRIVE SUITE 100 ARLINGTON,VA22203	N/A	PC	TO SUPPORT GENERAL FUND	10,000
UNIVERSITY CHILD DEVELOPMENT SCHOOL 5062 9TH AVE NE SEATTLE,WA98105	N/A	PC	TO SUPPORT GENERAL FUND	500
WILDLIFE CONSERVATION NETWORK 209 MISSISSIPPI STREET SAN FRANCISCO,CA94107	N/A	PC	TO SUPPORT GENERAL FUND	1,000
KUKIO HOOMANA FUND PO BOX 5380 KAILUA KONA,HI96745	N/A	PC	TO SUPPORT GENERAL FUND	5,000
STANFORD UNIVERSITY PO BOX 20466 STANFORD,CA943090466	N/A	PC	TO SUPPORT GENERAL FUND	150,000
WASHINGTON TRAILS ASSOCIATION 705 SECOND AVENUE SUITE 300 SEATTLE,WA98104	N/A	PC	TO SUPPORT GENERAL FUND	500
CHARITY WATER PO BOX 5026 HAGERSTOWN,MD21741	N/A	PC	TO SUPPORT GENERAL FUND	20,000
UNIVERSITY OF WASHINGTON - INSTITUTE FOR PROSTATE CANCER RESEARCH 407 GERBERDING HALL BOX 351210 SEATTLE,WA98195	N/A	PC	TO SUPPORT GENERAL FUND	50,000
Total ................................. 3a				1,068,000

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	23,644
4 Dividends and interest from securities ....			14	319,512
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 .....	531110	876	14	882
8 Gain or (loss) from sales of assets other than inventory ............			18	133,876
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) ..		876		477,914	0

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

478,790

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1	N/A

Form 990-PF (2023)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	28,385	14,193	0	14,192

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Name of Bond	End of Year Book Value	End of Year Fair Market Value
JOHN DEERE CAPITAL CORP	15,988	14,922
ABBVIE INC	21,693	19,649
WELLS FARGO & CO FXD TO 102024 VAR THRAFTR	14,943	14,610
STATE STREET CORP FXD TO 112024 VAR THRAFTR	15,026	14,625
CISCO SYSTEMS INC	16,661	14,533
WELLTOWER OP LLC	15,788	14,781
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP	19,521	18,361
ORACLE CORP	16,322	14,235
MICROSOFT CORP	6,116	5,732
MARATHON PETROLEUM CORP	21,783	20,235
DISCOVER FINANCIAL SERVICES	15,063	14,405
CHEVRON CORP	15,854	13,937
FISERV INC	20,530	18,533
GOLDMAN SACHS GROUP INC/THE FX D TO 092026 VAR THRAFTR	4,855	4,540
ZOETIS INC	14,661	14,246
JPMORGAN CHASE & CO FXD TO 022027 VAR THRAFTR	16,458	14,500
DUKE ENERGY CORP	19,543	19,740
PHILLIPS 66	19,133	19,497
VALERO ENERGY PARTNERS LP	19,856	19,695
PUBLIC STORAGE	14,607	13,512
GOLDMAN SACHS GROUP INC FXD TO 062027 VAR THRAFTR	16,135	14,362
WALMART INC	12,037	10,730
COMCAST CORP	24,281	19,740
BANK OF NEW YORK MELLON CORP FXD TO 102027 VAR THFTR	12,383	12,457
MERCK & CO INC	11,976	10,801
AMERICAN EXPRESS CO	14,964	14,861
INTERCONTINENTAL EXCHANGE INC	14,737	14,953
PAYPAL HOLDINGS INC	14,915	13,736
MASTERCARD INC	13,026	11,448
GENERAL MILLS INC	21,994	18,092
T-MOBILE USA INC	18,319	18,976
FIFTH THIRD BANCORP FXD TO 072029 VAR THRAFTR	15,200	14,734
DOW CHEMICAL CO/THE	7,480	7,710
ALLSTATE CORP/THE	14,891	12,152
AT&T INC	15,102	13,141
PNC FIN SERVICES GRP INC/THE FXD TO 042031 VAR THFTR	12,444	12,548
ENTERPRISE PRODUCTS OPERATING LLC	15,403	15,728
PFIZER INVESTMENT ENTERPRISES PTE LTD	14,911	15,019
BLACKROCK INC	19,803	20,209
CITIGROUP INC FXD TO 112032 VAR THRAFTR	14,632	16,069

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABB LTD ADR (ABBNY)	12,289	25,439
AIA GROUP LTD SPON ADR (AAGIY)	14,615	14,920
AIR LIQUIDE ADR (AIQUY)	15,440	20,116
AKZO NOBEL NV ADR (AKZOY)	7,830	8,788
ALCON INC (ALC)	16,370	17,811
ALIBABA GROUP HLDG LTD (BABA)	4,958	4,302
ASSICURAZIONI GENERALI SPA (ARZGY)	12,017	12,673
ASTRAZENECA PLC ADR (AZN)	17,182	21,821
BNP PARIBAS SP ADR REPSTG (BNPQY)	16,502	18,564
CANADIAN PACIFIC KANSAS CITY (CP)	11,819	26,959
COSTCO WHOLESALE CORP NEW (COST)	13,807	18,700
DANONE SPONSORED ADR (DANOY)	8,550	8,751
DISCO CORP ADR (DSCSY)	1,997	2,779
E.ON SE (EONGY)	17,041	19,704
EDENRED S A ADR (EDNMY)	3,999	4,186
ENDESA SA UNSPON ADR (ELEZY)	12,042	11,827
ENEL SOCIETA PER AZIONI ADR (ENLAY)	18,808	18,920
FIDELITY NATL INFORMATION SE (FIS)	8,620	8,290
GALAXY ENTMT GROUP LTD ADR (GXYYY)	10,878	10,841
HDFC BANK LTD ADR (HDB)	3,948	4,467
HITACHI 10 COM NEW ADR (HTHIY)	17,840	22,507
HONG KONG EXCHANGES & CLEARING (HKXCY)	24,667	20,490
IBERDROLA SA SPON ADR (IBDRY)	10,378	20,717
ING GROEP NV ADR (ING)	13,463	15,170
L OREAL CO ADR (LRLCY)	16,063	20,112
LINDE PLC (LIN)	12,098	27,319
LVMH MOET HENNESSY LOUIS VUITT (LVMUY)	5,649	10,211
MEITUAN ADR (MPNGY)	22,794	13,866
MITSUBISHI UFJ FINCL GRP ADS (MUFG)	7,891	8,180
NESTLE SPON ADR REP REG SHR (NSRGY)	16,318	15,872
NEXON CO LTD ADR (NEXOY)	6,629	6,106
NINTENDO CO LTD ADR NEW (NTDOY)	2,498	4,521
NN GROUP NV ADR (NNGRY)	28,604	27,822
NVIDIA CORPORATION (NVDA)	3,483	13,051
ORANGE NEW (ORAN)	14,983	16,253
RECRUIT HOLDINGS CO. LTD. ADR (RCRUY)	7,980	13,120
RHEINMETALL AG UNSPON ADR (RNMBY)	11,233	12,681
ROCHE HOLDINGS ADR (RHHBY)	29,785	26,593
SAFRAN SA (SAFRY)	17,625	23,163
SAP AG (SAP)	14,945	17,159
SCHNEIDER ELEC SA UNSP ADR (SBGSY)	12,556	24,579
SEVEN & I HLDGS CO LTD ADR (SVNDY)	20,745	18,256
SHELL PLC ADR (SHEL)	8,691	11,318
SONY GROUP CORPORATION ADR (SONY)	18,449	21,305
TAIWAN SMCNDCTR MFG CO LTD ADR (TSM)	20,736	24,752
TENCENT HLDGS LTD UNSPON ADR (TCEHY)	21,796	23,997
TOTALENERGIES SE SPONSORED ADS (TTE)	19,306	33,690
VODAFONE GROUP PLC (VOD)	15,106	12,319
A G C O CORP (AGCO)	5,992	6,358
ALPHABET INC CL A (GOOGL)	6,485	21,093
AMAZON COM INC (AMZN)	13,732	36,010
AMERICAN EXPRESS CO (AXP)	1,128	4,652
APPLIED MATERIALS INC (AMAT)	13,285	45,055
BANK OF NEW YORK MELLON CORP (BK)	13,449	23,058
BERKSHIRE HATHAWAY CL-B NEW (BRK'B)	11,321	43,156
CAPITAL ONE FINANCIAL CORP (COF)	22,892	41,041
CHUBB LTD (CB)	5,700	10,170
DARLING INGREDIENTS INC (DAR)	6,382	4,862
IAC INC NEW (IAC)	8,068	5,552
INTEL CORP (INTC)	14,181	15,628
JPMORGAN CHASE & CO (JPM)	9,543	25,515
LOEWS CORPORATION (L)	759	1,879
MARKEL GROUP INC (MKL)	10,276	12,426
META PLATFORMS INC CL A (META)	9,601	35,750
MGM RESORTS INTERNATIONAL (MGM)	15,766	15,459
MICROSOFT CORP (MSFT)	485	9,401
OWENS CORNING INC (OC)	8,804	14,971
QUEST DIAGNOSTICS INC (DGX)	7,589	9,714
TECK RESOURCES LTD (TECK)	10,242	15,513
TEXAS INSTRUMENTS (TXN)	6,177	19,262
THE CIGNA GROUP (CI)	12,304	17,368
U S BANCORP COM NEW (USB)	17,903	19,303
VIATRIS INC (VTRS)	26,846	22,884
WELLS FARGO & CO NEW (WFC)	16,160	34,848
FT NORTH AMERICAN ENERGY INFRA (EMLP)	372,716	440,936
INVESCO FTSE RAFI US 1000 ETF (PRF)	399,883	764,368
ISHARES CORE S&P 500 ETF (IVV)	235,471	1,138,192
ISHARES MSCI EAFE ETF (EFA)	380,168	618,247
ISHARES RUSSELL 1000 GRW ETF (IWF)	44,672	280,735
ISHARES RUSSELL 1000 VALUE ETF (IWD)	137,147	337,441
ISHARES RUSSELL 2000 ETF (IWM)	164,839	473,073
ISHARES S&P MIDCAP 400 INDEX (IJH)	188,396	639,939
WISDOMTREE TRUST JAPN HEDGE EQ (DXJ)	194,106	333,268
ARTISAN DEVELOPING WORLD ADV (APDYX)	460,000	467,532
BARON REAL ESTATE INST (BREIX)	335,209	455,677
BLACKROCK EQUITY DIVIDEND I (MADVX)	644,115	640,215
BLACKROCK GLOBAL ALLOCATION I (MALOX)	451,194	468,820
BRANDYWINEGLOBAL GB UNCN BD I (LROIX)	94,564	89,383
DIAMOND HILL LONG-SHORT I (DHLSX)	591,259	859,312
FIRST EAGLE GLOBAL I (SGIIX)	1,388,902	1,660,997
GATEWAY FUND Y (GTEYX)	571,312	856,401
GOLDMAN SACHS SM MD CAP GW I (GSMYX)	75,091	97,383
HARDING LOEVNER INTL EQTY INST (HLMIX)	198,365	189,211
INVESCO DEVELOPING MKTS Y (ODVYX)	535,978	629,904
MATTHEWS JAPAN INSTL (MIJFX)	428,046	401,534
MFS GROWTH I (MFEIX)	474,918	1,005,474
NEUBERGER BERMAN LG SH INST (NLSIX)	389,656	548,304
NUVEEN DIVIDEND GROWTH I (NSBRX)	171,740	311,947
PIMCO DYNAMIC BD I2 (PUCPX)	214,869	199,182
UBER TECHNOLOGIES INC (UBER)	298,145	376,377
AMERICAN EUROPACIFIC GRW A (AEPGX)	923,473	1,267,390
AMERICAN FUNDAMENTAL INV A (ANCFX)	337,187	613,265
AMERICAN GR FD OF AMERICA A (AGTHX)	408,161	914,222
ROYCE PENNSYLVANIA CONSULT (RYPCX)	304,972	291,640

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

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

34,134

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

34,134

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
NORTH HAVEN PRIVATE EQUITY CO-INVESTMENT (PECO III)	AT COST	2,486	3,000
CARLYLE ENRG CR OPP	AT COST	48,178	59,631
RIVERVIEW SOF II	AT COST	14,905	202,978
SHERPAVENTURES FUND II LP	AT COST	382,270	390,060
PIMCO BRAVO III	AT COST	290,231	327,259
JLL INCOME PROP TRUST	AT COST	700,000	829,762
PRIVATE EQUITY CO-INVESTMENT OPPORTUNITIES	AT COST	518,859	724,332
STARWOOD REAL ESTATE	AT COST	300,000	292,641
PE PREMIER OAKTREE OPPORTUNITIES FUND XII	AT COST	5,363	5,363

- TIN:

TY 2023 OtherAssetsSchedule

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INCOME TAXED NOT YET RECEIVED	6,030	7,980	7,980

- TIN:

TY 2023 OtherExpensesSchedule

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DEDUCTIONS FROM PASSTHROUGHS	26,620	26,460	0	43

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
INCOME/ (LOSS) FROM PASSTHROUGH	876	0	0
INCOME/ (LOSS) FROM PASSTHROUGH	882	882	0

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	73,693	73,693	0	0

- TIN:

TY 2023 TaxesSchedule

Name:

SUNBRIDGE FOUNDATION

EIN:

91-2080918

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT	4,798	0	0	0
FOREIGN TAXES	12,008	12,008	0	0