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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$102,623,906J 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 266,010 266,010  
4 Dividends and interest from securities... 2,070,152 2,070,152  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,621,770
b Gross sales price for all assets on line 6a 25,294,749
7 Capital gain net income (from Part IV, line 2)... 3,621,770
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........ 5,957,932 5,957,932  
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....... 4,316 216   4,100
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,607 0   3,607
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
34,881 6,976   27,905
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
218,096 214,961   3,135
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
46,783 1,220   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,329 0   4,329
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
55,207 25   55,182
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 425,132 226,244   152,325
25 Contributions, gifts, grants paid....... 4,231,000 4,231,000
26 Total expenses and disbursements. Add lines 24 and 25 4,656,132 226,244   4,383,325
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,301,800
b Net investment income (if negative, enter -0-) 5,731,688
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 5,766,375 10,280,172 10,280,172
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow-11,507   11,507 11,507
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) 11,150,947 Click to see attachment
List of Attached Documents:
// Content
10,824,527 		10,238,712
b Investments—corporate stock (attach schedule)....... 41,537,535 Click to see attachment
List of Attached Documents:
// Content
38,849,425 		69,931,088
c Investments—corporate bonds (attach schedule)....... 7,038,245 Click to see attachment
List of Attached Documents:
// Content
4,547,510 		4,440,824
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).......... 3,324,329 Click to see attachment
List of Attached Documents:
// Content
5,608,680 		7,721,603
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) 68,817,431 70,121,821 102,623,906
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........... 68,817,431 70,121,821
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)..... 68,817,431 70,121,821
30 Total liabilities and net assets/fund balances (see instructions). 68,817,431 70,121,821
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
68,817,431
2
Enter amount from Part I, line 27a .....................
2
1,301,800
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,590
4
Add lines 1, 2, and 3 ..........................
4
70,121,821
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
70,121,821
Form 990-PF (2024)
Form 990-PF (2024)
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 CLASS ACTION SETTLEMENT P    
b PUBLICLY TRADED SECURITIES      
c 4259 SHS YORK CREDIT OPPORTUNITIES UNIT TRUST P 2024-01-01 2024-08-08
d 4224 SHS HUDSON BAY INTERNATIONAL FUND LTD P    
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 840     840
b 21,929,886   18,260,655 3,669,231
c 364,023   412,324 -48,301
d 3,000,000   3,000,000 0
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       840
b       3,669,231
c       -48,301
d       0
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 3,621,770
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 79,670
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 79,670
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 79,670
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 25,500
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 25,500
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 54,170
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 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 PRESIDENT/DIRECTOR
1.00 		0 0 0
501 SILVERSIDE ROAD SUITE 123
WILMINGTON,DE19809
EDWARD GARDNER TREASURER/DIRECTOR
1.00 		0 0 0
501 SILVERSIDE ROAD SUITE 123
WILMINGTON,DE19809
ROBERT WARTH VICE PRESIDENT/SECRETARY/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 (2024)
Form 990-PF (2024)
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 214,961
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 (2024)
Form 990-PF (2024)
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
88,565,854
b
Average of monthly cash balances.......................
1b
5,955,810
c
Fair market value of all other assets (see instructions)................
1c
5,236,213
d
Total (add lines 1a, b, and c).........................
1d
99,757,877
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
99,757,877
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,496,368
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
98,261,509
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,913,075
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
4,913,075
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
79,670
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
79,670
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,833,405
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,833,405
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
4,833,405
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
4,383,325
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
4,383,325
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 4,833,405
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 4,268,556
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,383,325
a Applied to 2023, but not more than line 2a 4,268,556
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 2024 distributable amount..... 114,769
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		4,718,636
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
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 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 5,000

ANGELS FOR ANGELS

300 LENORA ST 453
SEATTLE,WA98121 		N/A PC ECONOMIC EMPOWERMENT OF SMALL BUSINESSES 5,000

B INSPIRED PHILADELPHIA INC

12 W WILLOW GROVE AVE
PHILADELPHIA,PA19118 		N/A PC GENERAL & UNRESTRICTED 20,000

BECKET FUND

1919 PENNSYLVANIA AVE NW STE 400
WASHINGTON,DC20006 		N/A PC GENERAL & UNRESTRICTED 10,000

BEYOND THE SURFACE

3212 BRANT ST
SAN DIEGO,CA92103 		N/A PC CONTINUED SUPPORT FOR THE WOMEN & WATER PROJECT 2,500

BOROUGH OF STONE HARBOR

9508 2ND AVE
STONE HARBOR,NJ08247 		N/A PC STONE HARBOR VOLUNTEER FIRE CO. 1 2,500

BYERSCHOOL FOUNDATION

1911 ARCH ST
PHILADELPHIA,PA19103 		N/A GOV TO REBUILD AND RECONSTRUCT A PLAY YARD FOR RUSSELL BYERS CHARTER SCHOOL STUDENTS 250,000

CASA FARNESE INC

1300 LOMBARD ST
PHILADELPHIA,PA19147 		N/A PC CHARITABLE EVENT 10,000

CHARITIES AID FOUNDATION AMERICA

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

CHARLES & EMMA FRYE FREE PUBLIC ART MUSEUM INC TESTAMENTARY TRUST

704 TERRY AVE
SEATTLE,WA98104 		N/A POF TO SUPPORT ARTISTS AND EXPANDING NARRATIVES AT THE FRYE AND FOR GENERAL OPERATIONS 150,000

DOBERMAN RESCUE PACK ORG

13615 42ND AVE SE
MILL CREEK,WA98012 		N/A PC GENERAL & UNRESTRICTED 10,000

EARSHOT JAZZ SOCIETY OF SEATTLE

3417 FREMONT AVE N STE 221
SEATTLE,WA98103 		N/A PC GENERAL & UNRESTRICTED 100,000

EARSHOT JAZZ SOCIETY OF SEATTLE

3417 FREMONT AVE N STE 221
SEATTLE,WA98103 		N/A PC GENERAL & UNRESTRICTED 15,000

EPISCOPAL COMMUNITY SERVICES OF THE DIOCESE OF PENNSYLVANIA

225 S 3RD ST
PHILADELPHIA,PA19106 		N/A PC TO SUPPORT THEIR MINDSET PROGRAM 125,000

FACE TO FACE

109 E PRICE ST
PHILADELPHIA,PA19144 		N/A PC SOCIAL, LEGAL, HOUSING: INTEGRATED SUPPORTS 183,500

FOUNDING FORWARD

1601 VALLEY FORGE
VALLEY FORGE,PA19481 		N/A PC GENERAL & UNRESTRICTED 250,000

GAGE ACADEMY OF ART

2107 WESTLAKE AVE
SEATTLE,WA98121 		N/A PC TO SUPPORT THE ART NEXT LEVEL CAPACITY CAMPAIGN AND THE NAMING RIGHT OF THE VESTIBULE GALLERY 250,000

GAUDEAMUS

PO BOX 8
BLUE BELL,PA19422 		N/A PC GENERAL & UNRESTRICTED 45,000

GOHAWKEYE FOUNDATION

327 ADAMS RANCH RD UNIT 703
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 2,000

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

INDEPENDENCE MISSION SCHOOLS

120 S WARNER RD STE 200
KNG OF PRUSSA,PA19406 		N/A GOV FOR THE IMS HSR PROGRAM 135,000

JANUS SCHOOL

205 LEFEVER RD
MOUNT JOY,PA17552 		N/A PC CHARITABLE EVENT 5,000

JESUIT VOLUNTEER CORPS NORTHWEST

2780 SE HARRISON ST
MILWAUKIE,OR97222 		N/A PC GENERAL & UNRESTRICTED 100,000

JEWISH COMMUNITY CENTER OF ATLANTIC COUNTY

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

JOSHUA GROUP

1442 MARKET ST
HARRISBURG,PA17103 		N/A PC TO SUPPORT THE STUDENT OPPORTUNITY SCHOLARSHIP (SOS) AND EDUCATIONAL SUPPORT PROGRAMS. SCHOLARSHIP FUND 125,000

KAREEM KANDI WORLD ORCHESTRA

PO BOX 7670
TACOMA,WA98417 		N/A PC GENERAL SUPPORT FOR PROGRAMMING EXPANSION, JAZZ FESTIVALS, AND TO ESTABLISH AN ENDOWMENT FUND 150,000

LEADERSHIP INSTITUTE

1101 N HIGHLAND ST
ARLINGTON,VA22201 		N/A PC GENERAL & UNRESTRICTED 10,000

LIFETIME ADVOCACY PLUS

19203 36TH AVE W STE 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

MARKS COLORECTAL SURGICAL FOUNDATION

100 E LANCASTER AVE STE 653
WYNNEWOOD,PA19096 		N/A PC GENERAL & UNRESTRICTED 20,000

MICHAEL J FOX FOUNDATION FOR PARKINSONS RESEARCH

GRAND CENTRAL STA PO BOX 4777
NEW YORK,NY10163 		N/A PC GENERAL & UNRESTRICTED 100,000

MOISTURE FESTIVAL

PO BOX 17484
SEATTLE,WA98127 		N/A PC GENERAL & UNRESTRICTED 50,000

MOUNTAINFILM LTD 01-01-94

PO BOX 1088
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 3,000

ON THE BOARDS

PO BOX 19515
SEATTLE,WA98109 		N/A PC GENERAL & UNRESTRICTED 10,000

PACE CENTER FOR GIRLS

213 TYLER AVE
LAKELAND,FL33801 		N/A PC GENERAL & UNRESTRICTED 10,000

PENNSYLVANIA INNOCENCE PROJECT

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

PHILADELPHIA ORCHESTRA ASSOCIATION

1 S BROAD ST 14TH FL
PHILADELPHIA,PA19107 		N/A PC GENERAL & UNRESTRICTED 25,000

PLANET BEE FOUNDATION

234 MONTICELLO ST
SAN FRANCISCO,CA94132 		N/A PC GENERAL & UNRESTRICTED 10,000

POLLINATOR PARTNERSHIP

582 MARKET ST STE 1215
SAN FRANCISCO,CA94104 		N/A PC GENERAL & UNRESTRICTED 10,000

PROJECT HOME

1415 FAIRMOUNT AVE STE 241
PHILADELPHIA,PA19130 		N/A PC CHARITABLE EVENT 50,000

PROVIDENCE GENERAL FOUNDATION

PO BOX 1067
EVERETT,WA98206 		N/A PC FOR THE PARTIAL HOSPITALIZATION & INTENSIVE OUTPATIENT BEHAVIORAL HEALTH PROGRAM 300,000

PSA PROJECT INC

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

PSA PROJECT INC

PO BOX 1827
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 10,000

REACT THEATRE

1122 E PIKE ST - BOX 1111
SEATTLE,WA98122 		N/A PC GENERAL & UNRESTRICTED 10,000

REBOOT THEATRE COMPANY

8112 5TH AVE NE
SEATTLE,WA98115 		N/A PC GENERAL & UNRESTRICTED 10,000

ROMAN CATHOLIC HIGH SCHOOL FOR BOYS

301 N BROAD ST
PHILADELPHIA,PA19107 		N/A GOV GENERAL & UNRESTRICTED 10,000

SAINT CHARLES BORROMEO SEMINARY

100 E WYNNEWOOD RD
WYNNEWOOD,PA19096 		N/A PC FOR THE ENDOWMENT FUND TO SUPPORT ORGANIZATIONAL SUSTAINABILITY AND ENSURE SUPPORT FOR FUTURE STUDENTS 250,000

SAINT GENEVIEVE SCHOOL

1237 BETHLEHEM PIKE
FLOURTOWN,PA19031 		N/A GOV GENERAL & UNRESTRICTED 10,000

SAINT JOSEPHS UNIVERSITY

5600 CITY AVE
PHILADELPHIA,PA19131 		N/A PC REAL ESTATE AND CONSTRUCTION FUND 5,000

SAN JUAN COUNTY TRADES FOUNDATION

PO BOX 3053
FRIDAY HARBOR,WA98250 		N/A PC FOR THE ECONOMIC EQUITY PROGRAMS AND GENERAL OPERATIONS 50,000

SEATTLE JAZZ FELLOWSHIP

6032 6TH AVE NW
SEATTLE,WA98107 		N/A PC GENERAL & UNRESTRICTED 100,000

SHUNPIKE

815 SEATTLE BLVD S STE 215
SEATTLE,WA98134 		N/A PC CONOR BYRNE COOPERATIVE 67,500

SHUNPIKE

815 SEATTLE BLVD S STE 215
SEATTLE,WA98134 		N/A PC BASE CAMP 5,000

SOUTH HUDSON MUSIC PROJECT

3603 38TH 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 ATHLETE FUND 10,000

ST FRANCIS DE SALES SCHOOL

917 S 47TH ST
PHILADELPHIA,PA19143 		N/A GOV GENERAL & UNRESTRICTED 5,000

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 100,000

STUDIO EAST TRAINING FOR THE PERFORMING ARTS

348 KIRKLAND AVE
KIRKLAND,WA98033 		N/A PC GENERAL & UNRESTRICTED 10,000

TELLURIDE ADAPTIVE SKI PROGRAM

PO BOX 2254
TELLURIDE,CO81435 		N/A PC TO SUPPORT INSTRUCTOR CERTIFICATION AND TRAINING 4,000

TELLURIDE SKI AND SNOWBOARD CLUB INC

PO BOX 2824
TELLURIDE,CO81435 		N/A PC $5,000 FOR SKI SAFETY VIDEO CAMPAIGN AND $2,500 FOR SCHOLARSHIP PROGRAM 7,500

TELLURIDE SOCIETY FOR JAZZ

PO BOX 2132
TELLURIDE,CO81435 		N/A PC GENERAL & UNRESTRICTED 2,000

THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA

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

THE ROCK SCHOOL FOR DANCE EDUCATION

1101 S BROAD ST
PHILADELPHIA,PA19147 		N/A PC GENERAL & UNRESTRICTED 5,000

TODAY IS A GOOD DAY

1511 BETHLEHEM PIKE
FLOURTOWN,PA19031 		N/A PC GENERAL & UNRESTRICTED 10,000

TRICOUNTY COMMUNITY NETWORK INC

724 N ADAMS ST SUITE 203
POTTSTOWN,PA19464 		N/A PC FUNDS TO BE USED FOR THE COLLEGE STUDENT BASIC NEEDS PROGRAM 125,000

TRUSTEES OF THE LAWRENCEVILLE SCHOOL

2500 MAIN ST
LAWRENCEVILLE,NJ08648 		N/A GOV GENERAL & UNRESTRICTED 10,000

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

STE 1400 STEINBERG HALL - DIETRICH
HALL 3620 L
PHILADELPHIA,PA19104 		N/A PC THE PENN FUND 10,000

TULPEHOCKEN BASEBALL CLUB INC

4 JENNIFER DR
BERNVILLE,PA19506 		N/A PC GENERAL & UNRESTRICTED 10,000

TWIN VALLEY MOUNTAIN BIKING TEAM ASSOCIATION

PO BOX 20
GEIGERTOWN,PA19523 		N/A PC GENERAL & UNRESTRICTED 10,000

UNIVERSITY OF WASHINGTON FOUNDATION

PO BOX 359505
SEATTLE,WA98195 		N/A PC GENERAL OPERATION FOR UW JAZZ STUDY TO SUPPORT THE UW IN THE COMMUNITY PROGRAM 150,000

WASHINGTON BLUES SOCIETY

PO BOX 70604
SEATTLE,WA98127 		N/A PC EDUCATION INITIATIVES AND GENERAL OPERATIONS 150,000

WILLPOWER FOUNDATION

7909 SAINT MARTINS LN
PHILADELPHIA,PA19118 		N/A PC GENERAL & UNRESTRICTED 10,000

YOGA BEHIND BARS

PO BOX 84494
SEATTLE,WA98124 		N/A PC GENERAL & UNRESTRICTED 5,000
Total .................................right arrow 3a 4,231,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ........... 		    14 266,010  
4 Dividends and interest from securities ....     14 2,070,152  
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 3,621,770  
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 5,957,932 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,957,932
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 34,881 6,976   27,905

TY 2024 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 2024 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) 39,125 40,728
AMAZON INC - 2.100% - 05/12/2031 (023135BZ8) 48,713 42,702
AMERICAN EXPRESS CO - 5.098% - 02/16/2028 (025816DP1) 55,189 55,320
AT&T INC - 4.300% - 02/15/2030 (00206RGQ9) 38,303 33,913
AUTOZONE INC - 5.100% - 07/15/2029 (053332BJ0) 40,311 40,229
BA CARD TR - 4.790% - 05/15/2028 (05522RDG0) 44,990 45,197
BANK MONTREAL MEDIUM SER H NOTE - 5.203% - 02/01/2028 (06368LGV2) 55,255 55,423
BANK NOVA SCOTIA B C - 4.400% - 09/08/2028 (06418GAL1) 34,956 34,642
BK OF AMERICA CORP - 2.087% - 06/14/2029 (06051GJZ3) 74,938 72,591
BK OF AMERICA CORP SER N MTN - 5.015% - 07/22/2033 (06051GKY4) 44,944 44,119
BRISTOL-MYERS - 5.750% - 02/01/2031 (110122DY1) 55,585 57,220
CANADIAN IMPERIAL BANK - 5.926% - 10/02/2026 (13607LWT6) 70,292 71,434
CAP ONE MULTI-AST - 4.420% - 05/15/2028 (14041NGD7) 39,991 40,003
CAPITAL ONE FINL CORP NT - 1.878% - 11/02/2027 (14040HCH6) 48,342 47,239
CAPITAL ONE PRIME ATSER - 4.140% - 05/17/2027 (14043GAD6) 51,408 51,136
CAPITAL ONE SER 2022-3 CL A - 4.950% - 10/15/2027 (14041NGB1) 59,991 60,221
CISCO SYSTEMS INC - 5.050% - 02/26/2034 (17275RBT8) 35,155 34,911
CITIGROUP INC - 3.887% - 01/10/2028 (172967LD1) 64,361 58,820
CITIGROUP INC - 4.540% - 09/19/2030 (17327CAT0) 74,835 72,890
CNH EQUIP TR - 4.810% - 08/15/2028 (12664QAC8) 64,989 65,247
CNH EQUIP TR 2022-C SER 2022-C CL A-3 - 5.150% - 04/17/2028 (12664JAC4) 43,744 44,035
CNH EQUIPMENT TR - 4.030% - 12/17/2029 (18978GAD6) 109,510 108,440
CONSOLIDATED EDISON CO N Y - 2.400% - 06/15/2031 (209111GA5) 49,292 42,940
CROWN CASTLE INTL - 3.300% - 07/01/2030 (22822VAR2) 38,169 36,341
DISCOVER CARD EXE TRSER 2022-4 CL A - 5.030% - 10/15/2027 (254683CX1) 34,996 35,178
DISCOVER CARD SER 2023-1 CL A - 0.000% - 03/15/2028 (254683CY9) 64,996 64,852
DOW CHEMICAL CO SER B - 4.800% - 11/30/2028 (260543CY7) 51,891 44,748
DUKE ENERGY CORP - 2.550% - 06/15/2031 (26441CBL8) 56,434 55,556
ENBRIDGE INC MTN CDS- NOTE - 5.700% - 03/08/2033 (29250NBR5) 34,061 35,381
ENERGY TRANSFER OPERATING LP - 5.250% - 04/15/2029 (29278NAG8) 90,463 80,272
EXELON CORP NOTE - 5.150% - 03/15/2028 (30161NBJ9) 55,124 55,324
FISERV INC - 4.200% - 10/01/2028 (337738AR9) 61,775 53,429
FLPRIDA PWR - 4.625% - 05/15/2030 (341081GP6) 55,032 54,504
FORD CR - 4.070% - 07/15/2029 (34532UAD1) 94,771 94,050
FORD CR AUTO - 4.650% - 02/15/2028 (344928AD8) 59,994 60,075
FOX CORP SER B - 4.709% - 01/25/2029 (35137LAH8) 63,899 54,362
GENERAL MILLS INC NOTE - 5.241% - 11/18/2025 (370334CS1) 50,022 50,000
GOLDMAN SACHS GROUP INC NOTE - 1.948% - 10/21/2027 (38141GYM0) 127,099 123,337
HF SINCLAIR - 5.000% - 02/01/2028 (403949AQ3) 39,812 39,512
HOLLYFRONTIER CORP - 5.875% - 04/01/2026 (436106AA6) 63,511 60,375
HUNTINGTON BANCSHARES INC - 4.443% - 08/04/2028 (446150BB9) 59,611 59,384
HYUNDAI AUTO SER 2022-C CL A3 - 0.000% - 06/15/2027 (44933DAD3) 27,418 27,561
INTEL CORP - 4.875% - 02/10/2028 (458140CE8) 55,260 54,713
JOHN DEERE OWNER TR SER 2022 CL A-3 - 0.000% - 09/15/2026 (47787JAC2) 24,879 24,678
JOHN DEERE OWNER TR SER 2022-C CL A-3 - 5.470% - 06/15/2027 (47800BAC2) 41,919 42,044
JOHN DEERE OWNR TR SER 2022-B CL A-3 - 0.000% - 02/16/2027 (47800AAC4) 21,364 21,273
JP MORGAN CHASE - 2.522% - 04/22/2031 (46647PBL9) 82,904 74,844
JP MORGAN CHASE - 5.299% - 07/24/2029 (46647PDU7) 45,369 45,454
JPMC - 4.980% - 07/22/2028 (46647PEL6) 60,180 60,201
KEYCORP NOTE - 3.878% - 05/23/2025 (49326EEL3) 79,055 80,071
KINDER MORGAN INC - 5.000% - 02/01/2029 (494553AD2) 45,008 44,857
KROGER CO - 5.000% - 09/15/2034 (501044DV0) 29,936 29,022
MERCEDES BENZ AUTO SER 2022-1 CL A-3 - 5.950% - 08/16/2027 (58768PAC8) 31,369 31,518
MORGAN STANLEY - 3.772% - 01/24/2029 (61744YAP3) 124,333 110,858
NISOURCE INC - 5.200% - 07/01/2029 (65473PAS4) 55,355 55,443
NISSAN AUTO - 4.910% - 11/05/2027 (65480WAD3) 59,989 60,193
NISSAN AUTO REC OWNR SER 2022-B CL A-3 - 4.460% - 05/17/2027 (65480JAC4) 29,989 29,988
ORACLE CORP - 2.950% - 04/01/2030 (68389XBV6) 43,983 40,646
REALTY INCOME CORP - 3.200% - 01/15/2027 (756109BZ6) 63,609 63,019
ROYAL BANK CDA - 5.070% - 07/23/2027 (78016HZX1) 55,103 55,249
SOUTHERN CO - 1.750% - 03/15/2028 (842587DH7) 44,246 40,824
STATE STR CORP - 5.104% - 05/18/2026 (857477CB7) 40,007 40,061
SYSCO - 5.950% - 04/01/2030 (871829BL0) 43,812 36,459
T MOBILE USA INC NOTE - 3.375% - 04/15/2029 (87264ABV6) 50,368 51,335
TAKE-TWO INTERACTIVE - 4.950% - 03/28/2028 (874054AK5) 44,719 44,991
TD BANK - 5.532% - 07/17/2026 (89115A2S0) 70,295 70,798
THE CIGNA CROUP NOTE - 5.000% - 05/15/2029 (125523CT5) 60,126 59,966
TOYOTA AUTO - 5.330% - 01/16/2029 (89237NAD9) 54,992 55,747
TOYOTA MTR CR CORP - 5.100% - 03/21/2031 (89236TLZ6) 80,407 80,246
TRUIST FINL CORP - 1.887% - 06/07/2029 (89788MAE2) 51,718 54,128
UNITED PARCEL SERVICS - 5.150% - 05/22/2034 (911312CD6) 35,299 34,952
UNITEDHEALTH GROUP INC - 2.000% - 05/15/2030 (91324PDX7) 38,894 38,798
UNTEDHEALTH GROUP INC - 4.950% - 01/15/2032 (91324PFH0) 40,930 39,502
US BANCORP - 5.775% - 06/12/2029 (91159HJM3) 35,821 35,797
US BANCORP - 5.830% - 06/12/2034 (91159HJN1) 35,359 35,698
VALERO ENERGY CORP NT - 2.800% - 12/01/2031 (91913YBC3) 46,537 46,943
VERIZON COMMUNICATIONS - 0.000% - 11/20/2028 (92348KAS2) 59,997 59,741
VERIZON MASTER TRUSTSER - 5.340% - 04/22/2030 (92348KCQ4) 90,805 91,507
VISA INC - 2.050% - 04/15/2030 (92826CAM4) 54,748 48,109
WASTPAC BANK CORP - 5.050% - 04/16/2029 (961214FT5) 40,499 40,439
WELLS FARGO &CO MTN - 5.707% - 04/22/2028 (95000U3L5) 45,264 45,746
WELLS FARGO &CO SER U MTN - 3.526% - 03/24/2028 (95000U2V4) 69,428 72,732
WESTPAC BKG CORP BOND - 4.322% - 11/23/2031 (961214DF7) 90,338 88,593

TY 2024 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) 181,535 170,457
ABBVIE INC (ABBV) 70,540 135,585
ACCENTURE PLC (ACN) 81,172 154,788
ALPHABET INC CL A (GOOGL) 212,490 745,274
AMAZON COM (AMZN) 328,188 731,666
APPLE INC (AAPL) 204,048 1,054,268
ATMOS ENERGY CORP (ATO) 119,472 146,373
AUTOZONE INC (AZO) 31,916 131,282
BANK OF AMERICA CORP (BAC) 145,355 221,420
BLACKROCK EVENT DRIVEN EQUITY FUND INSTITUTIONAL SHARES (BILPX) 622,556 664,414
BLACKROCK INC (BLK) 105,613 174,269
BLACKROCK STRAT INC OPP PORTFOLIO INSTL (BSIIX) 3,720,585 3,688,294
BOSTON SCIENTIFIC (BSX) 101,605 167,296
BROADCOM INC (AVGO) 68,133 577,513
CADENCE DESIGN SYSTEMS INC (CDNS) 112,303 162,248
CHEVRON CORP (CVX) 119,053 110,947
CHUBB LIMITED (CB) 121,646 168,267
CINTAS CRP (CTAS) 59,621 184,162
COSTCO WHOLESALE CORPORATION (COST) 58,979 239,146
EASTMAN CHEMICAL CO (EMN) 112,443 92,781
EATON VANCE GLBL MCRO ABS RET ADVTG FUND CL R6 (EGRSX) 657,947 655,423
ELI LILLY & CO (LLY) 60,351 309,572
EXXON MOBIL CORP (XOM) 111,573 229,447
FOX CORP CL A (FOXA) 59,138 73,647
HOME DEPOT INC (HD) 138,103 234,950
HONEYWELL INTL (HON) 158,359 190,877
HUBBELL INCORPORATED (HUBB) 136,413 150,382
ILLINOIS TOOL WORKS (ITW) 186,872 189,916
INVESCO FTSE RAFI US 1000 ETF (PRF) 2,031,189 6,051,000
ISHARES CORE MSCI EAFE ETF (IEFA) 2,104,510 2,675,560
ISHARES MSCI USA QUALITY FACTOR (QUAL) 2,332,699 3,356,808
ISHARES TR S & P MIDCAP 400 INDEX FD (IJH) 3,616,530 7,321,425
JP MORGAN CHASE (JPM) 102,438 328,403
LAM RESEARCH CORP (LRCX) 60,807 145,038
LINDE PLC COM (LIN) 136,920 120,158
MARRIOTT INTERNATIONAL INC. CL A (MAR) 118,897 136,681
MASTERCARD INC (MA) 170,999 275,396
MCDONALD'S CORP (MCD) 119,692 126,392
MERCK & CO INC (MRK) 131,697 158,770
META PLATFORMS INC (META) 248,673 576,727
MICROSOFT CORP (MSFT) 274,755 1,068,503
MORGAN STANLEY (MS) 77,531 164,065
MOTOROLA SOLUTIONS INC (MSI) 56,953 158,545
NVIDIA CORP (NVDA) 953,774 944,730
PEPSICO INC (PEP) 169,553 147,650
PHILIP MORRIS INTL (PM) 161,309 193,402
PROCTER GAMBLE CO (PG) 97,873 155,747
QUANTA SVCS INC (PWR) 40,072 192,474
RAYMOND JAMES FINANCIAL INC (RJF) 138,182 144,146
S&P GLOBAL INC COM (SPGI) 42,041 167,836
SERVICE NOW (NOW) 103,244 199,303
SHERWIN-WILLIAMS CO (SHW) 136,853 122,715
SPDR S&P 500 ETF TRUST (SPY) 3,331,941 13,978,008
STEPSTONE PRIVATE MARKETS CLASS I (XPMIX) 1,200,000 1,195,224
STRYKER CORPORATION (SYK) 81,692 120,977
TAIWAN SEMICONDUCTOR MFG CO LTD (TSM) 71,652 137,848
TELEDYNE TECH INC (TDY) 68,472 92,826
THE BLACKSTONE GROUP INC CL A (BX) 147,292 172,420
TJX COMPANIES INC (TJX) 100,233 149,200
TRANSDIGM GRP INC (TDG) 151,023 143,203
TSTONE SANDS CAP EMERG CLR6 (TSRMX) 850,000 543,003
UNITEDHEALTH GROUP INC (UNH) 166,424 269,623
VANGUARD FTSE ALL-WORLD EX-US ETF (VEU) 1,206,495 1,548,348
VANGUARD FTSE EMERGING MARKETS (VWO) 1,047,038 853,495
VANGUARD GROWTH ETF (VUG) 2,975,793 6,807,147
VANGUARD INTL VALUE FUND (VTRIX) 2,000,000 1,756,839
VANGUARD SM-CAP ETF (VB) 1,668,690 3,466,760
VISA INC (V) 95,710 225,969
WALT DISNEY HOLDINGS CO (DIS) 123,594 113,577
WCM FOCUSED INTL GROWTH FUNDS INSTL (WCMIX) 2,000,000 1,590,643
WEC ENERGY GROUP, INC (WEC) 50,176 79,840

TY 2024 InvestmentsGovtObligationsSch
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
US Government Securities - End of Year Book Value:

10,824,527
US Government Securities - End of Year Fair Market Value:

10,238,712
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 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 4,947,415
YORK CREDIT OPPORTUNITIES UNIT TRUST (YORKCREDIT) FMV 208,680 374,188
AMG PANTHEON - 510 (AMG PANTHEON - 510) FMV 1,200,000 1,200,000
HPS CORP FUND - 510 (HPS CORP FUND - 510) FMV 1,200,000 1,200,000

TY 2024 LegalFeesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 3,607 0   3,607


TY 2024 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 47,135 0   47,135
POSTAGE 1,909 0   1,909
INSURANCE 4,969 0   4,969
WEBSITE COSTS 1,019 0   1,019
BANK CHARGES 25 25   0
SUPPLIES 115 0   115
STATE FILING FEES 35 0   35


TY 2024 OtherIncreasesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Description Amount
PRIOR PERIOD ADJUSTMENTS 2,590


TY 2024 OtherProfessionalFeesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT SERVICES 214,961 214,961   0
WEBSITE DESIGN 3,135 0   3,135


TY 2024 TaxesSchedule
Name:
RAYNIER INSTITUTE & FOUNDATION
EIN:
91-1644205
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,220 1,220   0
EXCISE TAXES 45,563 0   0