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
AVEN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 465
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEDINA, WA98039
A Employer identification number

91-2009458
B Telephone number (see instructions)

(425) 586-8011
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$98,629,861J 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      
4 Dividends and interest from securities... 1,875,220 1,875,220  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -514,053
b Gross sales price for all assets on line 6a 16,267,001
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
728,669 626,327  
12 Total. Add lines 1 through 11........ 2,089,836 2,501,547  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
40,600 36,540   4,060
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
92,462 92,462   0
17 Interest............... 360 360   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
67,850 39,390   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
373,842 396,051   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 575,114 564,803   4,060
25 Contributions, gifts, grants paid....... 4,231,445 4,231,445
26 Total expenses and disbursements. Add lines 24 and 25 4,806,559 564,803   4,235,505
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,716,723
b Net investment income (if negative, enter -0-) 1,936,744
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............. 1,125,993 1,528,266 1,528,266
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow7,274
Less: allowance for doubtful accounts right arrow     7,274 7,274
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.......... 25,000    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 47,451,238 Click to see attachment
List of Attached Documents:
// Content
43,361,953 		60,565,631
c Investments—corporate bonds (attach schedule)....... 8,424,092 Click to see attachment
List of Attached Documents:
// Content
6,322,809 		6,150,983
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).......... 18,899,588 Click to see attachment
List of Attached Documents:
// Content
21,240,194 		29,574,191
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
54,824 		Click to see attachment
List of Attached Documents:
// Content
803,516 		Click to see attachment
List of Attached Documents:
// Content
803,516
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 75,980,735 73,264,012 98,629,861
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...........    
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........ 75,980,735 73,264,012
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 75,980,735 73,264,012
30 Total liabilities and net assets/fund balances (see instructions). 75,980,735 73,264,012
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
75,980,735
2
Enter amount from Part I, line 27a .....................
2
-2,716,723
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
73,264,012
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
73,264,012
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 NORTHERN TRUST #9976 P 2022-01-01 2023-12-31
b AETHER REAL ASSETS I - LOSS ON DISPOSITION P 2022-01-01 2023-12-31
c NORTHERN TRUST #9976 P 2022-01-01 2023-12-31
d CROWN EUROPEAN BUYOUT - DISTRIBUTIONS IN EXCESS OF BASIS P 2022-01-01 2023-12-31
e APOLLO - DISTRIBUTIONS IN EXCESS OF BASIS P 2022-01-01 2023-12-31
PINE RIVER - DISTRIBUTION IN EXCESS OF BASIS P 2022-01-01 2023-12-31
FROM PASSTHROUGH P 2022-01-01 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,615,040   10,074,383 -459,343
b     24,339 -24,339
c 6,591,483   6,682,332 -90,849
d 19,388     19,388
e 16,622     16,622
2,727     2,727
21,741     21,741
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       -459,343
b       -24,339
c       -90,849
d       19,388
e       16,622
      2,727
      21,741
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 -514,053
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 26,921
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 26,921
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 26,921
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 55,108
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 55,108
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 28,187
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow28,187 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowAVEN FOUNDATION Telephone no.right arrow (425) 586-8011

Located atright arrowPO BOX 465MEDINAWA ZIP+4right arrow98039
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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
Yes
 
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
 
No
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
JOHN W STANTON DIRECTOR
0.25 		0 0 0
PO BOX 465
MEDINA,WA98039
THERESA E GILLESPIE DIRECTOR
1.00 		0 0 0
PO BOX 465
MEDINA,WA98039
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A 0
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
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
63,573,601
b
Average of monthly cash balances.......................
1b
1,627,727
c
Fair market value of all other assets (see instructions)................
1c
29,524,792
d
Total (add lines 1a, b, and c).........................
1d
94,726,120
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
94,726,120
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,420,892
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
93,305,228
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,665,261
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
4,665,261
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
26,921
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
1,527
c
Add lines 2a and 2b............................
2c
28,448
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,636,813
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,636,813
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
4,636,813
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
4,235,505
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
4,235,505
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 4,636,813
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 4,204,385
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$ 4,235,505
a Applied to 2022, but not more than line 2a 4,204,385
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..... 31,120
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 .......... 		4,605,693
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).)
JOHN W STANTON
THERESA E GILLESPIE
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 e-mail address of the person to whom applications should be addressed:
AVEN FOUNDATION
PO BOX 465
MEDINA,WA98039
(425) 586-8011
bThe form in which applications should be submitted and information and materials they should include:
NO PARTICULAR FORM
cAny submission deadlines:
NO DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE AVEN FOUNDATION PRE-SELECTS CHARITABLE ORGANIZATIONS TO RECEIVE GRANTS, BUT ALSO ACCEPTS PETITIONS FROM OTHER CHARITABLE ORGANIZATIONS TO RECEIVE GRANTS.
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

ATLANTA BRAVES FOUNDATION

755 BATTERY AVENUE SOUTHEAST
ATLANTA,GA30339 		  PC BUILD COMMUNITY THROUGH BASEBALL ENGAGING BRAVES COUNTRY, REACHING VULNERABLE POPULATIONS, AND IMPROVING EQUITY AND ACCESS IN SPORT, HEALTH, EDUCATION AND WELL-BEING OUTCOMES FOR CHILDREN, FAMILIES, AND COMMUNITIES. 10,000

AMARA

5907 MARTIN LUTHER KING JR WAY S
SEATTLE,WA98118 		  PC IN SUPPORT OF FOSTER CHILDREN. 65,000

ASSISTANCE LEAGUE OF THE EASTSIDE

7345 164TH AVE NE STE 145-291
REDMOND,WA98052 		  PC TO IMPROVE QUALITY OF LIFE FOR CHILDREN AND ADULTS THROUGH VOLUNTEER AND PHILANTHROPIC PROJECTS. 10,000

ATHLETES FOR KIDS

1121 228TH AVE SE C-138
SAMMAMISH,WA98075 		  PC ATHLETES FOR KIDS ENHANCES THE LIVES OF CHILDREN WITH SPECIAL NEEDS AND THE HIGH SCHOOL ATHLETES WHO MENTOR THEM. 10,000

ATTAIN HOUSING

125 STATE STREET SOUTH
KIRKLAND,WA98033 		  PC PROVIDES QUALITY, AFFORDABLE URBAN HOUSING INCLUDING COMPANION PROGRAMS FOR RENTAL ASST AND EVICTION PREVENTION. 30,000

BELLEVUE BOYS & GIRLS CLUB

209 100TH AVENUE NE
BELLEVUE,WA98004 		  PC THE MISSION OF BOYS & GIRLS CLUBS OFBELLEVUE IS TO INSPIRE & ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, AND RESPONSIBLE CITIZENS. 40,000

BELLEVUE SCHOOLS FOUNDATION

PO BOX 40644
BELLEVUE,WA98015 		  PC PARTNERING TO TRANSFORM EDUCATION AND SUPPORT EVERY BELLEVUE SCHOOL DISTRICT STUDENT. 200,000

BEST DENTAL HELP

25965 TYTLER RD NE
POULSBO,WA98370 		  PC TO PREVENT DENTAL DECAY IN CHILDREN OF WESTERN WASHINGTON STATE. 10,000

BIRTHDAY DREAMS

PO BOX 2722
RENTON,WA98056 		  PC BRINGING HOPE, JOY AND A SENSE OF SELF-WORTH TO HOMELESS CHILDREN WITH THE GIFT OF A BIRTHDAY PARTY. 5,000

BOOMSTICK23 FOUNDATION

400 NW 74TH AVENUE
PLANTATION,FL33317 		  PC COMMITTED TO GENERATING SOCIAL IMPACT BY EMPOWERING CHILDREN AND YOUNG PEOPLE IN SITUATIONS OF SOCIAL VULNERABILITY; DEVELOPING SKILLS AND ABILITIES THROUGH EDUCATION AND SPORTS TO IMPROVE THE ENVIRONMENT AND THEIR QUALITY OF LIFE. 34,045

CARES OF WASHINGTON

1833 N 105TH STREET 202
SEATTLE,WA98133 		  PC SUPPORT PEOPLE WITH DISABILITIES AND LOW INCOMES TO REALIZE THEIR PURPOSE, POTENTIAL AND STRENGTH. 50,000

CENTER FOR CHILDREN & YOUTH JUSTICE

300 ELLIOTT AVENUE WEST SUITE 360
SEATTLE,WA98119 		  PC CHANGING THE WAY YOUNG PEOPLE EXPERIENCE THE CHILD WELFARE AND JUVENILE JUSTICE SYSTEMSFOR THE BETTER. 10,000

COMPASS HOUSING ALLIANCE

220 DEXTER AVE N
SEATTLE,WA98109 		  PC DEVELOPMENT & OPERATION OF PERMANENT AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES. 15,000

DISCOVERY INSTITUTE

208 COLUMBIA ST
SEATTLE,WA98104 		  PC TO ADVANCE A CULTURE OF PURPOSE, CREATIVITY AND INNOVATION IN A DIVERSE SET OF FIELDS. 10,000

ENCOMPASS

9050 384TH AVE SE
SNOQUALMIE,WA98065 		  PC THEIR MISSION IS TO PARTNER WITH FAMILIES TO BUILD HEALTHY FOUNDATIONS FOR CHILDREN. 25,000

EVERGREEN GOODWILL

1765 6TH AVENUE SOUTH
SEATTLE,WA981341608 		  PC PROVIDES QUALITY, EFFECTIVE EMPLOYMENT TRAINING AND BASIC EDUCATION TO INDIVIDUALS EXPERIENCING SIGNIFICANT BARRIERS TO ECONOMIC OPPORTUNITY. 20,000

FAMILY LAW CASA

16300 CHRISTENSEN ROAD SUITE 306
TUKWILA,WA98188 		  PC ADVOCATING FOR CHILDREN IN SOME OF THE TOUGHEST CUSTODY CASES IN KING COUNTY. 39,000

FARESTART

700 VIRGINIA STREET
SEATTLE,WA98101 		  PC IN SUPPORT OF TRAINING HOMELESS AND DISADVANTAGED INDIVIDUALS IN FOOD SERVICE INDUSTRY JOBS. 100,000

FRIENDS OF THE CHILDREN

PO BOX 22801
SEATTLE,WA98122 		  PC PROVIDES GENERATIONAL BY EMPOWERING YOUTH WHO ARE FACING THE GREATEST OBSTACLES THROUGH RELATIONSHIPS WITH PROFESSIONAL MENTORS. 100,000

HABITAT FOR HUMANITY

PO BOX 88337 SUITE B
TUKWILA,WA98138 		  PC HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER AS VOLUNTEERS, HOMEOWNERS, DONORS, AND COMMUNITY MEMBERS TO CREATE STRENGTH, STABILITY, AND SELF-RELIANCE THROUGH SHELTER. 150,000

HAITIAN EDUCATION & LEADERSHIP PROGRAM

64 FULTON ST
NEW YORK,NY10038 		  PC MISSION IS TO CREATE, THROUGH MERIT- AND NEEDS-BASED UNIVERSITY SCHOLARSHIPS, A COMMUNITY OF YOUNG PROFESSIONALS AND LEADERS WHO WILL PROMOTE A MORE JUST SOCIETY IN HAITI. 75,000

HARVEST AGAINST HUNGER

ROTARY FIRST HARVEST PO BOX 4098
SEATTLE,WA98198 		  PC HARVEST AGAINST HUNGER CONNECTS FARMERS, TRUCKERS, VOLUNTEERS, AND COMMUNITIES TO REDUCE HUNGER AND FOOD WASTE. 35,000

HOPELINK

8990 154TH AVENUE NORTHEAST
REDMOND,WA98052 		  PC HOPELINKS MISSION IS TO PROMOTE SELF-SUFFICIENCY FOR ALL MEMBERS OF OUR COMMUNITY TO HELP PEOPLE MAKE A LASTING CHANGE. 50,000

ISSAQUAH FOOD & CLOTHING BANK

179 1ST AVENUE SOUTHEAST
ISSAQUAH,WA98027 		  PC ISSAQUAH FOOD & CLOTHING BANK'S MISSION IS TO UNITE OUR COMMUNITY IN NOURISHING AND NURTURING INDIVIDUALS BY REMOVING BARRIERS TO HEALTHY FOOD, VITAL RESOURCES, AND CONNECTIONS TO ESSENTIAL SERVICES. 10,000

JUBILEE WOMEN'S CENTER

620 18TH AVENUE EAST
SEATTLE,WA98112 		  PC SEATTLES FIRST TRANSITIONAL HOME FOR WOMEN. 25,000

KCSARC

PO BOX 300
RENTON,WA98057 		  PC MISSION IS TO GIVE VOICE TO VICTIMS, THEIR FAMILIES, AND COMMUNITIES; CREATE CHANGE IN BELIEFS, ATTITUDES, AND BEHAVIORS ABOUT SEXUAL VIOLENCE; AND INSTILL COURAGE FOR PEOPLE TO SPEAK OUT ABOUT SEXUAL ASSAULT. 35,000

MARY'S PLACE

PO BOX 1711
SEATTLE,WA981111711 		  PC MARY'S PLACE ENSURES THAT NO CHILD SLEEPS OUTSIDE BY CENTERING EQUITY AND OPPORTUNITY FOR WOMEN AND FAMILIES. 35,000

NEIGHBORCARE HEALTH ADMIN

1200 12TH AVENUE SOUTH STE 901
SEATTLE,WA98144 		  PC TO PROVIDE COMPREHENSIVE HEALTH CARE TO FAMILIES AND INDIVIDUALS WHO HAVE DIFFICULTY ACCESSING CARE; RESPOND WITH SENSITIVITY TO THE NEEDS OF OUR CULTURALLY DIVERSE PATIENTS; AND ADVOCATE AND WORK WITH OTHERS TO IMPROVE THE OVERALL HEALTH STATUS OF THE COMMUNITIES WE SERVE. 25,000

NEW BEGINNINGS

PO BOX 75125
SEATTLE,WA98175 		  PC IN SUPPORT OF ENDING DOMESTIC VIOLENCE. 20,000

NORTHWEST CENTER

1119 SW 7TH STREET
RENTON,WA98057 		  PC A NONPROFIT BUILDING A DISABILITY-INCLUSIVE WORLDFOR SCHOOLS, BUSINESSES, AND PEOPLE, FROM CRADLE THROUGH CAREER. 25,000

OPERATION WARM

50 APPLIED BANK BLVD 204
GLEN MILLS,PA19342 		  PC PROVIDES WARMTH, CONFIDENCE, AND HOPE TO CHILDREN IN NEED THROUGH THE GIFT OF BRAND NEW WINTER COATS. 15,000

OVERLAKE HOSPITAL FOUNDATION

1035 116TH AVE NE
BELLEVUE,WA98004 		  PC OVERLAKE FOUNDATION WAS CREATED IN 1978, AUXILIARIES WORKED IN TANDEM WITH STAFF FUNDRAISERS TO CONTINUE SUPPORTING THE HOSPITAL. 250,000

PARTNERSHIP FOR LEARNING

520 PIKE STREET SUITE 1212
SEATTLE,WA981014001 		  PC PARTNERSHIP FOR LEARNING BRINGS TOGETHER BUSINESS LEADERS AND THE EDUCATION COMMUNITY IN SUPPORT OF POLICIES THAT DRIVE BETTER EDUCATION OUTCOMES FOR ALL WASHINGTON STUDENTS. 20,000

RAINIER PREP

10211 12TH AV S
SEATTLE,WA98168 		  PC SUPPORTING STUDENT SUCCESS AT RAINIER PREP. 25,000

RAINIER SCHOLARS

2100 24TH AVE S STE 360
SEATTLE,WA98144 		  PC SUPPORT FOR STUDENTS OF COLOR TO ATTEND COLLEGE. 25,000

ROOTS YOUNG ADULT SHELTER

4541 19TH AVE NE
SEATTLE,WA98105 		  PC YOUNG ADULT OVERNIGHT SHELTER IN SEATTLE, WA. 50,000

RYTHER CHILD CENTER

2400 NE 95TH STREET
SEATTLE,WA981152426 		  PC WHERE KIDS FIND HEALING AND HOPE THROUGH INPATIENT AND OUTPATIENT PROGRAMS, THERAPY AND FAMILY SERVICES. 25,000

SALVATION ARMY NW

111 QUEEN ANNE AV N 300
SEATTLE,WA98109 		  PC RED KETTLE LUNCHEON SUPPORTS 24/7 WRAP AROUND SERVICES, MENTAL HEALTH, ADDICTION RECOVERY SERVICES AND MORE. 15,000

SCARLET ROAD

PO BOX 378
BREMERTON,WA98337 		  PC SCARLET ROAD OFFERS THE HOPE OF FREEDOM TO THOSE WHO HAVE BEEN SEXUALLY EXPLOITED. 10,000

SEASHARE

600 ERICKSEN AVE NE 310
BAINBRIDGE ISLAND,WA98110 		  PC DONATES HIGH PROTEIN SEAFOOD PRODUCTS TO FOOD BANKS AND FEEDING CENTERS ACROSS THE US SINCE 1994. 25,000

SEATTLE ANGELS

4616 25TH AVE NE PMB 313
SEATTLE,WA98105 		  PC DARE TO DREAM PROGRAM IMPACTING CHILDREN AND YOUTH IN THE FOSTER CARE SYSTEM. 40,000

KIDVANTAGE (SEWALD'S STRIKEOUTS FOR KIDS)

1065 12TH AVE NW E3
ISSAQUAH,WA98027 		  PC HELPS CHILDREN HAVE WHAT THEY NEED TO GROW, PLAY, LEARN AND THRIVE. WE DO THIS BY PROVIDING ESSENTIAL CARE, SAFETY, AND HEALTH GOODS FOR CHILDREN WHO ARE EXPERIENCING THE STRESSES OF ECONOMIC INSECURITY, SYSTEMIC INEQUITIES, OR FAMILY DISRUPTION. 38,400

ST MARY'S FOOD BANK

611 20TH AVENUE SOUTH
SEATTLE,WA98144 		  PC THE FOOD BANK AT ST. MARYS PROVIDES FOOD AND PERSONAL CARE ITEMS TO ANYONE AGED 18 OR OLDER. 10,000

THE GARAGE

235 1ST AVE SE
ISSAQUAH,WA98027 		  PC MISSION IS TO PROVIDE A SAFE, AFTER-SCHOOL DROP-IN PLACE FOR TEENS WHERE THEY CAN GATHER WITH THEIR FRIENDS AND ACCESS PROGRAMMING AND SERVICES AS NEEDED. 35,000

THE SOPHIA WAY

1100 BELLEVUE WAY NORTHEAST
BELLEVUE,WA98004 		  PC A PLACE OF HOPE AND CHANGE FOR WOMEN EXPERIENCING HOMELESSNESS. 25,000

TOGETHER CENTER

16305 NE 87TH ST SUITE 110
REDMOND,WA98052 		  PC 22 NONPROFIT PROVIDERS LOCATED AT TOGETHER CENTER'S SITE IN DOWNTOWN REDMOND SERVE OVER 30,000 NEIGHBORS IN NEED EACH YEAR, WITH CLIENTS COMING FROM ALL OVER THE GREATER EASTSIDE AND BEYOND. 200,000

TREEHOUSE

2100 24TH AVENUE S SUITE 200
SEATTLE,WA98144 		  PC TREEHOUSE IS THE ONLY NONPROFIT IN WASHINGTON STATE FOCUSED ON THE SPECIFIC EDUCATIONAL, MATERIAL AND FINANCIAL NEEDS OF YOUTH IN FOSTER CARE. 60,000

TRILOGY RECOVERY

120 E BIRCH ST STE 14
WALLA WALLA,WA99362 		  PC TRILOGY OFFERS LIFE CHANGING SUPPORT AND HOPE TO YOUTH, ADULTS AND FAMILIES IN THE WALLA WALLA VALLEY ON THEIR PATHS OF RECOVERY FROM ADDICTION OR SUBSTANCE MISUSE. 25,000

UNITED WAY KING CO

720 SECOND AVENUE
SEATTLE,WA98104 		  PC IN SUPPORT OF BUILDING A COMMUNITY TO HELP PEOPLE IN NEED AND SOLVE OUR COMMUNITYS TOUGHEST CHALLENGES. 200,000

URBAN ARTWORKS

815 SEATTLE BLVD S SUITE B7
SEATTLE,WA98134 		  PC ENGAGE YOUTH AND COMMUNITIES IN THE CREATION OF PUBLIC ART THAT INSPIRES CONNECTIONS AND HONORS THEIR VOICES. 20,000

VISION HOUSE

PO BOX 2951
RENTON,WA98056 		  PC HELPING FAMILIES IN CRISIS BREAK THE CYCLE OF HOMELESSNESS. 50,000

WASHINGTON WOMEN IN NEED

17404 MERIDIAN EAST SUITE F PMB 193
PUYALLUP,WA98375 		  PC WWIN PROVIDES SCHOLARSHIPS AND SUPPORTS TO HELP WASHINGTON WOMEN FACING BARRIERS TO OPPORTUNITY SUCCEED IN COLLEGE AND CAREERS SO THEY, THEIR FAMILIES AND OUR COMMUNITIES CAN THRIVE. 100,000

WHITMAN COLLEGE

345 BOYER AVE
WALLA WALLA,WA99362 		  PC WHITMAN COLLEGE IS A TOP-TIER LIBERAL ARTS SCHOOL WITH ACCOMPLISHED AND FRIENDLY FACULTY AND PASSIONATE AND CURIOUS STUDENTS. 1,400,000

YEAR UP

2607 2ND AVENUE 100
SEATTLE,WA98121 		  PC PROVIDES URBAN YOUNG ADULTS WITH OPPORTUNITY TO DEVELOP SKILLS AND PROVIDE PAID INTERNSHIPS. 250,000

YOUTH CARE

PO BOX 15258
SEATTLE,WA98115 		  PC YOUTHCARE WORKS TO END YOUTH HOMELESSNESS AND TO ENSURE THAT YOUNG PEOPLE ARE VALUED FOR WHO THEY ARE AND EMPOWERED TO ACHIEVE THEIR POTENTIAL. 30,000

YOUTH EASTSIDE SERVICES (YES)

999 164TH AVE NE
BELLEVUE,WA98008 		  PC YOUTH EASTSIDE SERVICES (YES) PROVIDES MENTAL HEALTH COUNSELING AND SUBSTANCE USE TREATMENT TO ALL YOUTH, BIRTH-22, AND THEIR FAMILIES IN EAST KING COUNTY, REGARDLESS OF THEIR ABILITY TO PAY. 20,000
Total .................................right arrow 3a 4,231,445
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,875,220  
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 .....   1,611 14 728,669  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 -514,053  
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) .. 1,611 2,089,836 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,091,447
(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:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 40,600 36,540   4,060

TY 2023 AllOthProgRltdInvestmentsSch
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount
N/A 0

TY 2023 InvestmentsCorpBondsSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Name of Bond End of Year Book Value End of Year Fair Market Value
ARTISAN HIGH INCOME FND 3,027,053 2,870,769
BLACKROCK STRATEGIC INCOME OPPORTUNITIES FUND 2,368,959 2,279,433
US TREASURIES - 10 YEAR 926,797 1,000,781

TY 2023 InvestmentsCorpStockSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Name of Stock End of Year Book Value End of Year Fair Market Value
ARTISAN DEVELOPING WORLD 4,312,538 5,675,913
COLUMBIA SPORTSWEAR 216,250 3,977,000
ISHARES RU1000 7,250,164 9,608,420
ISHARES RU3000 21,703,438 28,370,961
MICROSOFT CORP 125,843 1,487,990
NORTHERN TRUST INTERNATIONAL EQUITY INDEX FUND 7,753,795 8,697,503
TECHNOLOGY SELECT SPDR FUND 1,999,925 2,747,844

TY 2023 InvestmentsOtherSchedule2
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AETHER REAL ASSETS II, LP AT COST 202,550 143,662
CAPE ANN GLOBAL DEVELOPING MARKETS FUND AT COST 2,994,753 3,379,140
DARLINGTON PARTNERS AT COST 2,613,167 3,856,686
DARWIN VENTURE CAPITAL FUND OF FUNDS II AT COST 104,316 3,316,382
DARWIN VENTURE CAPITAL FUND OF FUNDS III AT COST 1,604,561 2,926,382
DARWIN VENTURE CAPITAL FUND OF FUNDS IV AT COST 828,671 1,791,913
DARWIN VENTURE CAPITAL FUND OF FUNDS V AT COST 801,546 1,086,793
EMR CAPITAL RESOURCES FUND 1 AT COST 313,859 247,644
EMR CAPITAL RESOURCES FUND II AT COST 358,835 203,766
EMR FUND II KESTRAL AT COST 319,230 585,790
EMR FUND II RAVENSWOOD AT COST 159,911 215,280
LANDMARK PRIVATE REAL ESTATE PARTNERS VII AT COST 122,914 85,312
MONTAUK TRIGUARD FUND V AT COST 127,665 254,701
MONTAUK TRIGUARD FUND VI AT COST 149,139 155,298
MONTAUK TRIGUARD FUND VIII AT COST 310,368 488,585
OAK STREET REAL ESTATE CAPITAL FUND VI AT COST 109,315 113,675
PALMER SQUARE AT COST 3,891,364 3,918,260
PALMER SQUARE SR. LOAN AT COST 2,824,617 2,973,240
SUN CAPITAL PARTNERS V LP AT COST 87,199 45,074
SUN CAPITAL PARTNERS VI LP AT COST 283,173 443,773
ACME IV AT COST 241,672 235,634
EMR FUND II 29 METALS AT COST 2,804 79,169
BAYPINE CAPITAL PARTNERS FUND I-A , LP AT COST 393,702 409,063
MACKAY MUNICIPAL CAPITAL TRADING AT COST 2,234,862 2,294,682
MONTAUK TRIGUARD FUND IX AT COST 103,186 167,099
RIALTO DEBT V AT COST 56,815 50,643
APOLLO EUROPEAN PRINCIPAL FUND II AT COST 0 28,560
CROWN EUROPEAN BUYOUT OPPORTUNITIES II FUND (B) AT COST 0 77,985

TY 2023 OtherAssetsSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID FEDERAL TAXES 54,824 53,516 53,516
ADVANCED PARTNERSHIP CONTRIBUTION 0 750,000 750,000


TY 2023 OtherExpensesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PARTNERSHIP EXPENSE 373,379 395,588   0
MISCELLANEOUS EXPENSES 463 463   0


TY 2023 OtherIncomeSchedule2
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 1,611 1,611 1,611
OTHER PARTNERSHIP INCOME 727,058 624,716 727,058


TY 2023 OtherProfessionalFeesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODY FEES 21,576 21,576   0
MANAGEMENT FEES 70,886 70,886   0


TY 2023 TaxesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 38,219 38,219   0
STATE TAXES 1,171 1,171   0
FEDERAL TAXES 28,460 0   0