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
RAYNIER INSTITUTE & FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)501 SILVERSIDE ROAD 123
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198091377
A Employer identification number

91-1644205
B Telephone number (see instructions)

(800) 839-1754
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$93,909,441J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 312,585 312,585  
4 Dividends and interest from securities... 1,675,152 1,675,152  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,143,166
b Gross sales price for all assets on line 6a 17,644,109
7 Capital gain net income (from Part IV, line 2)... 2,143,166
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 4,130,903 4,130,903  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 56,913 2,846   54,067
15 Pension plans, employee benefits....... 4,710 236   4,475
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
528 0   528
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,000 4,200   16,800
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
200,305 197,185   3,120
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
40,661 998   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,820 0   3,820
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,517 50   50,467
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 378,454 205,515   133,277
25 Contributions, gifts, grants paid....... 4,295,000 4,295,000
26 Total expenses and disbursements. Add lines 24 and 25 4,673,454 205,515   4,428,277
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -542,551
b Net investment income (if negative, enter -0-) 3,925,388
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 6,454,749 5,766,375 5,766,375
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) 7,539,291 Click to see attachment
List of Attached Documents:
// Content
11,150,947 		10,817,848
b Investments—corporate stock (attach schedule)....... 42,253,648 Click to see attachment
List of Attached Documents:
// Content
41,537,535 		65,480,514
c Investments—corporate bonds (attach schedule)....... 9,656,338 Click to see attachment
List of Attached Documents:
// Content
7,038,245 		7,087,023
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,455,956 Click to see attachment
List of Attached Documents:
// Content
3,324,329 		4,757,681
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 69,359,982 68,817,431 93,909,441
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 69,359,982 68,817,431
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 69,359,982 68,817,431
30 Total liabilities and net assets/fund balances (see instructions). 69,359,982 68,817,431
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
69,359,982
2
Enter amount from Part I, line 27a .....................
2
-542,551
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
68,817,431
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
68,817,431
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 SECURITY      
b 1094 SHS YORK CREDIT OPPORTUNITIES UNIT TRUST P 2014-06-27 2023-12-01
c CLASS ACTION SETTLEMENT P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 17,545,693   15,369,316 2,176,377
b 82,779   131,627 -48,848
c 15,637     15,637
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,176,377
b       -48,848
c       15,637
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,143,166
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 54,563
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 54,563
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 54,563
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 34,500
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 34,500
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 20,063
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWA, CO
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 arrowWWW.RAYNIER.ORG
14
The books are in care ofright arrowFOUNDATION SOURCE Telephone no.right arrow (800) 839-1754

Located atright arrow501 SILVERSIDE ROAD SUITE 123WILMINGTONDE ZIP+4right arrow19809
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCJ
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MICHAEL VALUCCI TREASURER/DIRECTOR
1.00 		0 0 0
501 SILVERSIDE ROAD SUITE 123
WILMINGTON,DE19809
EDWARD GARDNER VICE PRESIDENT/SECRETARY/DIRECTOR
1.00 		0 0 0
501 SILVERSIDE ROAD SUITE 123
WILMINGTON,DE19809
ROBERT WARTH PRESIDENT/DIRECTOR
1.00 		0 0 0
501 SILVERSIDE ROAD SUITE 123
WILMINGTON,DE19809
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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
PNC BANK INVESTMENT MANAGEMENT 197,185
1600 MARKET STREET
PHILADELPHIA,PA19103
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 NONE 0
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
77,806,347
b
Average of monthly cash balances.......................
1b
7,158,215
c
Fair market value of all other assets (see instructions)................
1c
4,811,368
d
Total (add lines 1a, b, and c).........................
1d
89,775,930
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
89,775,930
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,346,639
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
88,429,291
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,421,465
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
4,421,465
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
54,563
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
54,563
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,366,902
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,366,902
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,366,902
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
4,428,277
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
4,428,277
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 4,366,902
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 4,329,931
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: right arrow$ 4,428,277
a Applied to 2022, but not more than line 2a 4,329,931
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..... 98,346
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 .......... 		4,268,556
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)
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

9TH AND 10TH HORSE CAVALRY BUFFALO SOLDIERS MUSEUM

1940 S WILKESON ST
TACOMA,WA98405 		N/A PC GENERAL & UNRESTRICTED 5,000

ABINGTON HEALTH

1101 MARKET ST SUITE 2004
PHILADELPHIA,PA19107 		N/A SO II GRIBBEL TLC FUND 5,000

ABINGTON MEMORIAL HOSPITAL FOUNDATION

1101 MARKET ST SUITE 2004
PHILADELPHIA,PA19107 		N/A PC TO SUPPORT THE NURSING RECRUITMENT AND RETAINMENT 325,000

AMERICAN PARKINSON DISEASE ASSOCIATION

150 NICKERSON ST STE 100
SEATTLE,WA98109 		N/A PC OPTIMISM WALK IN SUPPORT OF YOGA FOR PD 10,000

ANCILLAE-ASSUMPTA ACADEMY

2025 CHURCH RD
WYNCOTE,PA19095 		N/A PC GENERAL & UNRESTRICTED 5,000

ANGEL FLIGHT EAST

1501 NARCISSA RD
BLUE BELL,PA19422 		N/A PC GENERAL & UNRESTRICTED 2,000

B INSPIRED PHILADELPHIA INC

12 W WILLOW GROVE AVE
PHILADELPHIA,PA19118 		N/A PC GENERAL & UNRESTRICTED 10,000

BLACK FRET

PO BOX 29628
AUSTIN,TX78755 		N/A PC FOR GENERAL OPERATION TO SONIC GUILD SEATTLE PATRONS OF LOCAL MUSIC PROGRAM 150,000

BOROUGH OF STONE HARBOR

9508 2ND AVE
STONE HARBOR,NJ08247 		N/A PC STONE HARBOR VOLUNTEER FIRE 2,500

BYERSCHOOL FOUNDATION

1911 ARCH ST
PHILADELPHIA,PA19103 		N/A GOV FOR SCHOOL-WIDE SAFETY AND SECURITY UPGRADES FOR THE RUSSELL BYERS CHARTER SCHOOL 250,000

CANCER SUPPORT COMMUNITY GREATER PHILADELPHIA

4100 CHAMOUNIX DR
PHILADELPHIA,PA19131 		N/A PC GENERAL & UNRESTRICTED 25,000

CATHOLIC COMMUNITY SERVICES OF WESTERN WASHINGTON

100 23RD AVE S
SEATTLE,WA98144 		N/A PC GENERAL OPERATING FUNDS 150,000

CHARITIES AID FOUNDATION AMERICA

225 REINEKERS LN STE 375
ALEXANDRIA,VA22314 		N/A PC GENERAL INTERNATIONAL PURPOSE FUND 14,000

CHURCH OF ST MARTIN IN THE FIELDS

8000 SAINT MARTINS LN
PHILADELPHIA,PA19118 		N/A PC GENERAL & UNRESTRICTED 5,000

COMMUNITY VOLUNTEERS IN MEDICINE INC

300B LAWRENCE DR
WEST CHESTER,PA19380 		N/A PC TO SUPPORT THE "EXPANDING ACCESS TO CARE INITIATIVE" 350,000

CRANALEITH SPIRITUAL CENTER

13475 PROCTOR RD
PHILADELPHIA,PA19116 		N/A PC SUPPORT "CREATING SPACE FOR GRACE AND WHOLENESS" 125,000

DIGNITY FOR DIVAS

PO BOX 283
BELLEVUE,WA98009 		N/A PC GENERAL & UNRESTRICTED 5,000

DOBERMAN RESCUE PACK ORG

19277 BURKE AVE N
SHORELINE,WA98133 		N/A PC GENERAL & UNRESTRICTED 10,000

EARSHOT JAZZ SOCIETY OF SEATTLE

3417 FREMONT AVE N STE 221
SEATTLE,WA98103 		N/A PC TO PROVIDE ONGOING OPERATIONAL SUPPORT AND TO FUND THE ONE-TIME IMPLEMENTATION OF EXECUTIVE SUCCESSION FOR THE ORGANIZATION. 250,000

EPISCOPAL COMMUNITY SERVICES OF THE DIOCESE OF PENNSYLVANIA

225 S 3RD ST
PHILADELPHIA,PA19106 		N/A PC TO SUPPORT THEIR MINDSET PROGRAM 175,000

FACE TO FACE

109 E PRICE ST
PHILADELPHIA,PA19144 		N/A PC WILL SUPPORT THE INCREASED INTEGRATION AND EXPANSION OF CRITICAL PROGRAMS OFFERED BY FACE TO FACE: DINING ROOM AND FOOD DISTRIBUTION; SOCIAL SERVICES; HEALTH CLINIC; LEGAL CENTER, AND EDUCATIONAL EQUITY. 200,000

FRIENDS OF LAUREL HILL AND WEST LAUREL HILL CEMETERIES

3822 RIDGE AVE
PHILADELPHIA,PA19132 		N/A PC GENERAL & UNRESTRICTED 10,000

FRIENDS OF SEATTLE WATERFRONT

1201 ALASKAN WAY STE 200
SEATTLE,WA98101 		N/A PC TO SUPPORT THE SEATTLE WATERFRONT PARK PROJECT. 150,000

FRIENDS OF THE WISSAHICKON INC

40 W EVERGREEN AVE SUITE 10
PHILADELPHIA,PA19118 		N/A PC GENERAL & UNRESTRICTED 10,000

FRINGEARTS

140 N COLUMBUS BLVD
PHILADELPHIA,PA19106 		N/A PC GENERAL & UNRESTRICTED 10,000

GAUDEAMUS

PO BOX 8
BLUE BELL,PA19422 		N/A PC GENERAL & UNRESTRICTED 10,000

GOHAWKEYE FOUNDATION

327 ADAMS RANCH RD UNIT 703
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 2,500

HANDMAIDS OF THE SACRED HEART OF JESUS

2025 CHURCH RD
WYNCOTE,PA19095 		N/A PC GENERAL & UNRESTRICTED 5,000

HARMONY HILL OF UNION

7362 EAST STATE RTE 106
UNION,WA98592 		N/A PC GENERAL & UNRESTRICTED 5,000

HARRY S TRUMAN LIBRARY INSTITUTE FOR NATIONAL & INTERNATIONAL AFFAI

5151 TROOST AVE STE 300
KANSAS CITY,MO64110 		N/A PC GENERAL & UNRESTRICTED 10,000

HISTORIC SEATTLE PRESERVATION FNDN

1117 MINOR AVE
SEATTLE,WA98101 		N/A PC FOR THE CAPITAL REPAIRS AND UPGRADES TO THE GOOD ARTS BUILDING. 200,000

HOLY ROSARY REGIONAL CATHOLIC SCHOOL

3040 WALTON RD
PLYMOUTH MTNG,PA19462 		N/A PC SCHOOL ROOFING PROJECT, MAKING NECESSARY ROOF REPAIRS. 100,000

INTERACT INC

302 S HICKS ST THE DRAKE
PHILADELPHIA,PA19102 		N/A PC GENERAL & UNRESTRICTED 5,000

ITALIAN SONS AND DAUGHTERS OF AMERICA CULTURAL HERITAGE FOUNDATI

419 WOOD ST
PITTSBURGH,PA15222 		N/A PC GENERAL & UNRESTRICTED 5,000

JACK STRAW FOUNDATION

4261 ROOSEVELT WAY NE
SEATTLE,WA98105 		N/A PC FOR GENERAL OPERATION TO INCREASE THE FACILITY'S ACCESSIBILITY AND UPGRADES AND SUPPORT THEIR PROGRAMS. 150,000

JAZZ NIGHT SCHOOL

5415 RAINIER AVE S
SEATTLE,WA98118 		N/A PC GENERAL OPERATIONS 100,000

JEWISH COMMUNITY CENTER OF ATLANTIC COUNTY

501 N JEROME AVE
MARGATE,NJ08402 		N/A PC H&J HERSKOWITZ SPORTS NIGHT 5,000

KAISERMAN JEWISH COMMUNITY CTR

45 HAVERFORD RD
WYNNEWOOD,PA19096 		N/A PC GENERAL & UNRESTRICTED 25,000

KUOW-PUGET SOUND PUBLIC RADIO

4518 UNIVERSITY WAY NE STE 310
SEATTLE,WA98105 		N/A PC TO SUPPORT THE STATION IN CREATING AND SERVING A MORE INFORMED PUBLIC. 150,000

KWIAHT CENTER FOR THE HISTORIAL ECOLOGY OF THE SALISH SEA

PO BOX 415
LOPEZ ISLAND,WA98261 		N/A PC GENERAL & UNRESTRICTED 10,000

LIFETIME ADVOCACY PLUS

19203 36TH AVE W 101
LYNNWOOD,WA98036 		N/A PC GENERAL & UNRESTRICTED 5,000

LITTLE SISTERS OF THE POOR OF THE CITY AND COUNTY OF PHILADELPHIA

5300 CHESTER AVE
PHILADELPHIA,PA19143 		N/A PC TO HELP BRIDGE THE GAP IN FUNDING PHASE II OF THE REBUILD OF THE LITTLE SISTERS OF THE POOR-HOLY FAMILY HOME HOUSING THE ELDERLY POOR 250,000

LIVING BEYOND BREAST CANCER

40 MONUMENT RD STE 104
BALA CYNWYD,PA19004 		N/A PC TO PROVIDE GENERAL SUPPORT FOR LIVING BEYOND BREAST CANCER'S MISSION 125,000

MALTZ JUPITER THEATRE INC

1001 E INDIANTOWN RD
JUPITER,FL33477 		N/A PC GENERAL & UNRESTRICTED 10,000

MAPLE LEAF FOUNDATION

3225 MCLEOD DR STE 100
LAS VEGAS,NV89121 		N/A PC FOR GENERAL OPERATIONS TO INCREASE THE NUMBER OF HOMES YOU SERVE FOR FAMILIES WITH CHILDREN UNDERGOING CANCER TREATMENT 200,000

MEADOWBROOK SCHOOL

1641 HAMPTON RD
MEADOWBROOK,PA19046 		N/A PC GENERAL & UNRESTRICTED 15,000

MIAMI NEW DRAMA INC

1040 LINCOLN RD
MIAMI BEACH,FL33139 		N/A PC GENERAL & UNRESTRICTED 5,000

MOUNTAINFILM LTD 01-01-94

PO BOX 1088
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 2,500

NORTH SEATTLE FRENCH SCHOOL

18560 1ST AVE NE
SHORELINE,WA98155 		N/A PC GENERAL & UNRESTRICTED 5,000

NORTHWEST CHOIRS

5031 UNIVERSITY WAY NE STE MB2
SEATTLE,WA98105 		N/A PC GENERAL & UNRESTRICTED 150,000

PENNSYLVANIA INNOCENCE PROJECT

1515 MARKET ST STE 300
PHILADELPHIA,PA19102 		N/A PC GENERAL & UNRESTRICTED 10,000

PSA PROJECT INC

PO BOX 1827
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 11,000

PSA PROJECT INC

PO BOX 1827
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 5,000

REACT THEATRE

1122 E PIKE ST - BOX 1111
SEATTLE,WA98122 		N/A PC TO HELP SECURE, DEVELOP AND PROVIDE AN AFFORDABLE WORK/REHEARSAL/EVENT/PERFORMANCE SPACE FOR REACT THEATRE'S COMPANY AND THE COMMUNITY 50,000

ROTARY CLUB OF SEATTLE NORTHEAST SCHOLARSHIP ENDOWMENT FUND

11509 N LAKESHORE DR
LAKE STEVENS,WA98258 		N/A PC LAKE CITY MURAL PROJECT 5,000

ROTARY CLUB OF SEATTLE NORTHEAST SCHOLARSHIP ENDOWMENT FUND

11509 N LAKESHORE DR
LAKE STEVENS,WA98258 		N/A PC ROTARY CLUB'S GENERAL OPERATIONS 5,000

SAINT JOSEPHS UNIVERSITY

5600 CITY AVE
PHILADELPHIA,PA19131 		N/A PC REAL ESTATE AND CONSTRUCTION ENDOWMENT FUND 3,000

SANCTUARY VILLAGE

2240 E ORVILLA RD
HATFIELD,PA19440 		N/A PC GENERAL & UNRESTRICTED 10,000

SHUNPIKE ARTS COLLECTIVE DBA SHUNPIKE

815 SEATTLE BLVD S STE 215
SEATTLE,WA98134 		N/A PC THE SEATTLE GRIOT PROJECT 10,000

SOUND THEATRE

909 NE 43RD ST STE 205
SEATTLE,WA98105 		N/A PC GENERAL & UNRESTRICTED 15,000

SOUTH HUDSON MUSIC PROJECT

3603 36TH AVE S
SEATTLE,WA98144 		N/A PC GENERAL & UNRESTRICTED 50,000

SPRINGSIDE CHESTNUT HILL ACADEMY

500 W WILLOW GROVE AVE
PHILADELPHIA,PA19118 		N/A PC GENERAL & UNRESTRICTED 10,000

ST FRANCIS HOUSE

PO BOX 22444
SEATTLE,WA98122 		N/A PC GENERAL & UNRESTRICTED 10,000

STONE HARBOR RESCUE SQUAD INC

PO BOX 559
STONE HARBOR,NJ08247 		N/A PC GENERAL & UNRESTRICTED 2,500

STRAWBERRY THEATRE WORKSHOP

417 HARVARD AVE E APT 7
SEATTLE,WA98102 		N/A PC GENERAL & UNRESTRICTED 10,000

TELLURIDE ADAPTIVE SKI PROGRAM

PO BOX 2254
TELLURIDE,CO81435 		N/A PC TO BE USED FOR THE UNIFORM FUND 5,000

TELLURIDE AVALANCHE DOGS

PO BOX 1398
TELLURIDE,CO81435 		N/A PC FOR MEDICAL AND TRAINING EXPENSES FOR THE DOGS 2,500

TELLURIDE SOCIETY FOR JAZZ

PO BOX 2132
TELLURIDE,CO81435 		N/A PC TO HELP SUPPORT THE EXPENSES OF THE TELLURIDE JAZZ ALL-STARS 2,500

THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA

2133 ARCH ST STE 400
PHILADELPHIA,PA19103 		N/A PC GENERAL & UNRESTRICTED 10,000

THE CHILDRENS HOSPITAL OF PHILADELPHIA FOUNDATION

PO BOX 781352
PHILADELPHIA,PA19178 		N/A PC TO SUPPORT THE NEUROSCIENCE CENTER 25,000

THE UNION LEAGUE LEGACY FOUNDATION

140 S BROAD ST
PHILADELPHIA,PA19102 		N/A PC GENERAL OPERATIONS 5,000

TRUSTEES OF THE LAWRENCEVILLE SCHOOL

2500 MAIN ST
LAWRENCEVILLE,NJ08648 		N/A PC THE LAWRENCEVILLE FUND 10,000

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

3451 WALNUT ST 433 FRANKLIN BLDG
PHILADELPHIA,PA19104 		N/A PC THE PENN FUND 10,000

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

3451 WALNUT ST 433 FRANKLIN BLDG
PHILADELPHIA,PA19104 		N/A PC MORRIS ARBORETUM 10,000

VELOCITY DANCE CENTER

117 LOUISA ST 268
SEATTLE,WA98102 		N/A PC FOR GENERAL OPERATION TO SUPPORT VELOCITY'S CREATIVE RESIDENCY PROGRAMS 2024-25 150,000

WATER TOWER ADVISORY COUNCIL

2098 EAST HARTWELL LN
PHILADELPHIA,PA19118 		N/A PC GENERAL & UNRESTRICTED 10,000

WESTERLIES MUSIC INC

161 WASHINGTON PARK 4
BROOKLYN,NY11205 		N/A PC GENERAL & UNRESTRICTED 5,000

WHYY INC

150 N 6TH ST
PHILADELPHIA,PA19106 		N/A PC GENERAL & UNRESTRICTED 10,000

YELEEN PRODUCTION ORG

13755 INTERURBAN AVE S
TUKWILA,WA98168 		N/A PC GENERAL & UNRESTRICTED 15,000

YOGA BEHIND BARS

PO BOX 84494
SEATTLE,WA98124 		N/A PC GENERAL & UNRESTRICTED 15,000
Total .................................right arrow 3a 4,295,000
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 ........... 		    14 312,585  
4 Dividends and interest from securities ....     14 1,675,152  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,143,166  
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 4,130,903 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,130,903
(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:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 21,000 4,200   16,800

TY 2023 GeneralExplanationAttachment
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Identifier Return Reference Explanation
  FORM 990-PF, PART VI-B, LINE 1A(3) & (4) RAYNIER INSTITUTE AND FOUNDATION REIMBURSED MEETING EXPENSES OF EDWARD GARDNER, TREASURER/DIRECTOR AND MICHAEL VALUCCI, PRESIDENT/DIRECTOR. THE AMOUNTS REIMBURSED WERE SUBSTANTIATED AND REASONABLE. AS SUCH, THE REIMBURSEMENTS ARE NOT CONSIDERED ACTS OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(E).

TY 2023 InvestmentsCorpBondsSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLSTATE CORP NOTE - 1.450% - 12/15/2030 (020002BJ9) 26,740 28,317
AMAZON INC - 2.100% - 05/12/2031 (023135BZ8) 39,993 34,502
AMERICAN EXPRESS CR - 0.900% - 11/16/2026 (02582JJR2) 99,984 96,397
AT&T INC - 4.300% - 02/15/2030 (00206RGQ9) 33,361 29,422
BA CARD TR - 4.790% - 05/15/2028 (05522RDG0) 44,990 45,171
BANK MONTREAL MEDIUM SER H NOTE - 5.203% - 02/01/2028 (06368LGV2) 45,021 45,873
BANK NEW YORK - 4.947% - 04/26/2027 (06406RBQ9) 69,962 70,038
BANK OF AMERICA CORP NOTE - 3.366% - 01/23/2026 (06051GGZ6) 35,677 34,187
BANK OF MONTREAL - 5.920% - 09/25/2025 (06368LWT9) 65,000 66,038
BK OF AMERICA CORP - 2.087% - 06/14/2029 (06051GJZ3) 43,656 39,697
BK OF AMERICA CORP SER N MTN - 5.015% - 07/22/2033 (06051GKY4) 34,858 34,670
BOEING CO - 5.150% - 05/01/2030 (097023CY9) 23,420 25,483
BRISTOL-MYERS - 5.750% - 02/01/2031 (110122DY1) 44,910 48,289
CANADIAN IMPERIAL BANK - 5.926% - 10/02/2026 (13607LWT6) 60,000 61,759
CAP ONE MULTI-AST - 4.420% - 05/15/2028 (14041NGD7) 39,991 39,851
CAPITAL ONE - 6.377% - 06/08/2034 (14040HDA0) 30,000 30,923
CAPITAL ONE FINL CORP NOTE - 4.166% - 05/09/2025 (14040HCQ6) 44,721 44,663
CAPITAL ONE FINL CORP NT - 1.878% - 11/02/2027 (14040HCH6) 34,343 31,497
CAPITAL ONE MULTI TRSER - 1.040% - 11/16/2026 (14041NFY2) 39,994 38,583
CAPITAL ONE PRIME ATSER - 4.140% - 05/17/2027 (14043GAD6) 74,995 73,598
CAPITAL ONE PRIME TR SER 2022-1 CL A-3 - 3.120% - 04/15/2027 (14043QAC6) 34,992 34,228
CAPITAL ONE SER 2022-3 CL A - 4.950% - 10/15/2027 (14041NGB1) 59,991 60,173
CITIGROUP INC - 3.887% - 01/10/2028 (172967LD1) 44,751 38,715
CITIGROUP INC MTN - 3.875% - 03/26/2025 (172967JL6) 69,807 63,793
CITIGROUP INC NT - 1.281% - 11/03/2025 (172967ND9) 59,492 57,734
CNH EQUIP TR - 4.810% - 08/15/2028 (12664QAC8) 64,989 64,922
CNH EQUIP TR 2022-C SER 2022-C CL A-3 - 5.150% - 04/17/2028 (12664JAC4) 44,992 45,170
CONSOLIDATED EDISON CO N Y - 2.400% - 06/15/2031 (209111GA5) 44,888 38,899
CROWN CASTLE INTL - 3.300% - 07/01/2030 (22822VAR2) 53,862 49,378
CVS CAREMARK CORP NOTE - 4.300% - 03/25/2028 (126650CX6) 47,583 42,321
DIGITAL RLTY TR LP NOTE CALL MAKE WHOLE - 3.600% - 07/01/2029 (25389JAU0) 31,439 32,858
DISCOVER CARD EXE TRSER 2022-4 CL A - 5.030% - 10/15/2027 (254683CX1) 34,996 35,143
DISCOVER CARD SER 2023-1 CL A - 0.000% - 03/15/2028 (254683CY9) 64,996 64,564
DISCOVERY COMMUNICATIONS LLC - 3.900% - 11/15/2024 (25470DBC2) 30,267 29,575
DOW CHEMICAL CO SER B - 4.800% - 11/30/2028 (260543CY7) 41,757 35,361
DUKE ENERGY CORP NOTE - 5.000% - 12/08/2025 (26441CBV6) 34,988 35,070
ENBRIDGE INC MTN CDS- NOTE - 5.700% - 03/08/2033 (29250NBR5) 37,746 41,661
ENERGY TRANSFER OPERATING LP - 5.250% - 04/15/2029 (29278NAG8) 75,147 65,558
EQUINIX INC - 2.150% - 07/15/2030 (29444UBH8) 47,816 42,400
EXELON CORP NOTE - 5.150% - 03/15/2028 (30161NBJ9) 44,933 45,659
FIFTH THIRD BANCORP - 3.650% - 01/25/2024 (316773CX6) 80,051 79,868
FISERV INC - 4.200% - 10/01/2028 (337738AR9) 51,895 44,006
FLPRIDA PWR - 4.625% - 05/15/2030 (341081GP6) 49,980 50,422
FORD CR AUTO - 4.650% - 02/15/2028 (344928AD8) 59,994 59,786
FOX CORP SER B - 4.709% - 01/25/2029 (35137LAH8) 53,863 44,776
GENERAL MILLS INC NOTE - 5.241% - 11/18/2025 (370334CS1) 50,022 49,911
GM FIN CONS AUTO RECSER - 0.580% - 06/16/2026 (380140AC7) 54,960 53,390
GOLDMAN SACHS FIN CORP - 0.000% - 11/22/2024 (40057K6A6) 2,000,000 2,204,340
GOLDMAN SACHS GROUP INC NOTE - 1.948% - 10/21/2027 (38141GYM0) 94,037 86,942
GOLDMAN SACHS GROUP INC NOTE - 3.500% - 04/01/2025 (38141GXJ8) 72,194 73,309
HOLLYFRONTIER CORP - 5.875% - 04/01/2026 (436106AA6) 63,511 60,208
HOST HOTELS &RESORTSLP - 3.875% - 04/01/2024 (44107TAX4) 51,499 49,733
HUNTINGTON BANCSHARES INC - 4.443% - 08/04/2028 (446150BB9) 44,671 43,652
HYUNDAI AUTO REC TR SER 2022-B CL A-3 - 3.720% - 11/16/2026 (44918MAD2) 30,000 29,573
HYUNDAI AUTO SER 2022-C CL A3 - 0.000% - 06/15/2027 (44933DAD3) 35,000 35,148
JOHN DEERE OWNER TR SER 2022 CL A-3 - 0.000% - 09/15/2026 (47787JAC2) 71,813 70,224
JOHN DEERE OWNER TR SER 2022-C CL A-3 - 5.470% - 06/15/2027 (47800BAC2) 54,996 54,999
JOHN DEERE OWNR TR SER 2022-B CL A-3 - 0.000% - 02/16/2027 (47800AAC4) 34,997 34,435
JP MORGAN CHASE - 2.522% - 04/22/2031 (46647PBL9) 69,452 60,628
JP MORGAN CHASE - 5.299% - 07/24/2029 (46647PDU7) 30,000 30,469
JPMORGAN CHASE & CO - 4.125% - 12/15/2026 (46625HJZ4) 54,864 49,042
KEYCORP NOTE - 3.878% - 05/23/2025 (49326EEL3) 79,055 78,208
KINDER MORGAN - 4.300% - 06/01/2025 (49456BAF8) 44,312 44,437
LOWES COS INC - 1.700% - 10/15/2030 (548661DY0) 34,136 33,278
MARATHON PETE CORP - 4.700% - 05/01/2025 (56585ABH4) 60,762 59,603
MERCEDES BENZ AUTO SER 2022-1 CL A-3 - 5.950% - 08/16/2027 (58768PAC8) 44,991 45,064
MOHAWK INDS INC - 5.850% - 09/18/2028 (608190AM6) 30,007 31,130
MORGAN STANLEY - 3.772% - 01/24/2029 (61744YAP3) 104,814 90,670
MORGAN STANLEY SER I MTN - 0.790% - 05/30/2025 (61747YEA9) 58,899 58,659
NISSAN AUTO - 4.910% - 11/05/2027 (65480WAD3) 59,989 60,027
NISSAN AUTO REC OWNR SER 2022-B CL A-3 - 4.460% - 05/17/2027 (65480JAC4) 39,992 39,705
NNN REIT INC NOTE - 5.600% - 10/15/2033 (637417AS5) 29,075 31,031
ORACLE CORP - 2.950% - 04/01/2030 (68389XBV6) 39,383 36,132
REALTY INCOME CORP - 3.250% - 01/15/2031 (756109AX2) 44,104 45,494
ROYAL BANK OF CANADA - 4.950% - 04/25/2025 (78016FZY3) 39,974 40,005
ROYAL BK CDA SUSTAINABL SER I MTN - 4.875% - 01/12/2026 (78016FZT4) 69,508 70,157
RTX CORP NOTE - 6.000% - 03/15/2031 (75513ECV1) 45,244 48,005
SOUTHERN CALIF EDISON CO SER 2023 A - 5.300% - 03/01/2028 (842400HU0) 30,046 30,823
SOUTHERN CO - 1.750% - 03/15/2028 (842587DH7) 44,246 40,049
SOUTHERN CO - 3.250% - 07/01/2026 (842587CV7) 46,993 43,428
SPIRIT REALTY LP NOTE - 3.200% - 01/15/2027 (84861TAE8) 81,108 80,468
STATE STR CORP - 5.104% - 05/18/2026 (857477CB7) 35,000 35,041
SYSCO - 5.950% - 04/01/2030 (871829BL0) 43,812 37,251
T MOBILE USA INC NOTE - 3.375% - 04/15/2029 (87264ABV6) 40,863 41,808
TD BANK - 5.532% - 07/17/2026 (89115A2S0) 55,000 56,068
TOYOTA AT REC OWN TRSER 2022-A CL A-3 - 0.000% - 06/15/2026 (89239KAC5) 61,742 60,086
TOYOTA AUTO REC OWN SER 2022-C CL A-3 - 4.130% - 04/15/2027 (89231CAD9) 34,994 34,415
TRANSCANADA PIPELINESTRIP NOTE - 6.203% - 03/09/2026 (89352HBE8) 60,000 59,997
TRUIST FINL CORP - 1.887% - 06/07/2029 (89788MAE2) 87,012 82,174
UNITEDHEALTH GROUP INC - 2.000% - 05/15/2030 (91324PDX7) 30,081 30,297
US BANCORP - 5.830% - 06/12/2034 (91159HJN1) 25,055 25,838
VALERO ENERGY CORP NT - 2.800% - 12/01/2031 (91913YBC3) 33,438 33,982
VERIZON COMMS - 4.329% - 09/21/2028 (92343VER1) 34,494 29,710
VERIZON COMMUNICATIONS - 0.000% - 11/20/2028 (92348KAS2) 59,997 58,668
VERIZON MASTER TR SER 2021-1 - 0.500% - 05/20/2027 (92348KAA1) 104,992 102,920
VERIZON MASTER TR SER 2022-7 CL A-1A - 0.000% - 11/22/2027 (92348KBC6) 34,994 34,999
VIRGINIA ELEC & POWER CO - 5.000% - 04/01/2033 (927804GK4) 29,916 30,341
VISA INC - 2.050% - 04/15/2030 (92826CAM4) 50,279 43,997
WELLS FARGO &CO SER U MTN - 3.526% - 03/24/2028 (95000U2V4) 54,791 57,275
WESTPAC BKG CORP BOND - 4.322% - 11/23/2031 (961214DF7) 51,632 48,097
XCEL ENERGY INC - 4.000% - 06/15/2028 (98389BAV2) 34,759 34,181
XCEL ENERGY INC NT - 1.750% - 03/15/2027 (98388MAB3) 39,909 36,504

TY 2023 InvestmentsCorpStockSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS (ABT) 211,518 192,182
ABBVIE INC (ABBV) 158,288 258,490
ACCENTURE PLC (ACN) 93,692 179,666
AIR PRODS & CHEM INC (APD) 71,561 77,485
ALPHABET INC CL A (GOOGL) 232,325 619,385
AMAZON COM (AMZN) 355,758 564,001
AMERICAN WATER WORKS COMPANY INC (AWK) 34,719 61,903
APPLE INC (AAPL) 232,166 1,001,734
AUTOZONE INC (AZO) 49,042 162,893
BANK OF AMERICA CORP (BAC) 164,609 190,505
BLACKROCK EVENT DRIVEN EQUITY FUND INSTITUTIONAL SHARES (BILPX) 2,750,000 3,014,704
BLACKROCK INC (BLK) 122,586 161,548
BLACKROCK STRAT INC OPP PORTFOLIO INSTL (BSIIX) 3,720,585 3,676,610
BOSTON SCIENTIFIC (BSX) 151,014 161,348
BROADCOM INC (AVGO) 86,621 353,851
BUNGE GLOBAL SA (BG) 73,179 95,600
CADENCE DESIGN SYSTEMS INC (CDNS) 126,490 166,146
CDW CORP (CDW) 76,617 144,803
CELANESE CORPORATION (CE) 98,066 138,279
CHEVRON CORP (CVX) 137,700 132,156
CHUBB LIMITED (CB) 137,824 155,940
CINTAS CRP (CTAS) 81,935 213,944
COMCAST CORP (CMCSA) 109,347 117,255
COSTCO WHOLESALE CORPORATION (COST) 67,108 196,704
CSX CORP (CSX) 173,904 181,047
DEERE CO (DE) 97,941 129,558
EATON VANCE GLBL MCRO ABS RET ADVTG FUND CL R6 (EGRSX) 1,800,000 1,739,283
ELI LILLY & CO (LLY) 80,857 367,240
EXXON MOBIL CORP (XOM) 125,175 239,252
FOX CORP CL A (FOXA) 115,906 87,764
HOME DEPOT INC (HD) 151,196 244,664
HONEYWELL INTL (HON) 177,171 198,386
ILLINOIS TOOL WORKS (ITW) 145,717 158,212
INTERPUBLIC GROUP OF COS (IPG) 66,379 94,101
INVESCO FTSE RAFI US 1000 ETF (PRF) 2,031,189 5,280,000
ISHARES CORE MSCI EAFE ETF (IEFA) 2,104,510 2,678,225
ISHARES MSCI USA QUALITY FACTOR (QUAL) 2,332,699 2,773,589
ISHARES TR S & P MIDCAP 400 INDEX FD (IJH) 3,616,530 6,513,025
JP MORGAN CHASE (JPM) 114,507 263,995
LAM RESEARCH CORP (LRCX) 70,982 183,283
MASTERCARD INC (MA) 199,771 260,598
MCDONALD'S CORP (MCD) 134,516 145,290
MERCK & CO INC (MRK) 215,303 287,922
META PLATFORMS INC (META) 264,719 392,896
MICROSOFT CORP (MSFT) 305,958 1,157,827
MORGAN STANLEY (MS) 86,780 137,917
MOTOROLA SOLUTIONS INC (MSI) 64,318 120,853
PEPSICO INC (PEP) 190,856 185,635
PHILIP MORRIS INTL (PM) 184,281 172,825
PROCTER GAMBLE CO (PG) 110,701 155,625
QUANTA SVCS INC (PWR) 43,881 147,176
S&P GLOBAL INC COM (SPGI) 46,906 165,636
SCHLUMBERGER LTD (SLB) 97,572 161,636
SERVICE NOW (NOW) 153,688 197,817
SPDR S&P 500 ETF TRUST (SPY) 3,331,941 11,336,144
STRYKER CORPORATION (SYK) 121,413 155,420
TAIWAN SEMICONDUCTOR MFG CO LTD (TSM) 126,692 126,880
TELEDYNE TECH INC (TDY) 80,797 105,324
THE BLACKSTONE GROUP INC CL A (BX) 169,968 151,082
TJX COMPANIES INC (TJX) 136,364 157,601
TSTONE SANDS CAP EMERG CLR6 (TSRMX) 850,000 529,409
UNITEDHEALTH GROUP INC (UNH) 177,651 322,200
VANGUARD FTSE ALL-WORLD EX-US ETF (VEU) 1,206,495 1,514,096
VANGUARD FTSE EMERGING MARKETS (VWO) 1,047,038 796,518
VANGUARD GROWTH ETF (VUG) 3,679,142 6,373,040
VANGUARD INTL VALUE FUND (VTRIX) 2,000,000 1,887,304
VANGUARD SM-CAP ETF (VB) 1,668,690 3,077,925
VISA INC (V) 104,076 212,446
WCM FOCUSED INTL GROWTH FUNDS INSTL (WCMIX) 2,000,000 1,663,743
WEC ENERGY GROUP, INC (WEC) 57,802 82,318
ZOETIS INC (ZTS) 132,803 130,655

TY 2023 InvestmentsGovtObligationsSch
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
US Government Securities - End of Year Book Value:

11,150,947
US Government Securities - End of Year Fair Market Value:

10,817,848
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HUDSON BAY INTERNATIONAL FUND LTD (HBINTLFD) FMV 3,000,000 4,556,946
YORK CREDIT OPPORTUNITIES UNIT TRUST (YORKCREDIT) FMV 324,329 200,735

TY 2023 LegalFeesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 528 0   528


TY 2023 OtherExpensesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE FEES 43,500 0   43,500
POSTAGE 1,129 0   1,129
INSURANCE 4,735 0   4,735
WEBSITE COSTS 944 0   944
BANK CHARGES 50 50   0
SUPPLIES 64 0   64
STATE FILING FEES 95 0   95


TY 2023 OtherProfessionalFeesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT SERVICES 197,185 197,185   0
WEBSITE DESIGN 3,120 0   3,120


TY 2023 TaxesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 998 998   0
EXCISE TAXES 39,663 0   0