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
RAVEN TRUST FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)999 THIRD AVENUE 3400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA98104
A Employer identification number

91-1816037
B Telephone number (see instructions)

(206) 674-3000
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$65,869,679J 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... 712,579 712,579  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,934,603
b Gross sales price for all assets on line 6a 11,959,911
7 Capital gain net income (from Part IV, line 2)... 2,934,603
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
-6,323 573  
12 Total. Add lines 1 through 11........ 3,640,859 3,647,755  
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
27,000 13,500   13,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
187,637 149,837   37,800
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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
300,627 298,986   1,643
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 515,264 462,323   52,943
25 Contributions, gifts, grants paid....... 3,866,227 3,866,227
26 Total expenses and disbursements. Add lines 24 and 25 4,381,491 462,323   3,919,170
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -740,632
b Net investment income (if negative, enter -0-) 3,185,432
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............. 492,523 502,629 502,629
2 Savings and temporary cash investments......... 1,385 1,385 1,385
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,461,000 Click to see attachment
List of Attached Documents:
// Content
12,474,464 		11,471,927
c Investments—corporate bonds (attach schedule)....... 8,303,423 Click to see attachment
List of Attached Documents:
// Content
7,572,226 		7,572,226
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).......... 32,424,450 Click to see attachment
List of Attached Documents:
// Content
32,747,166 		46,120,378
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
201,134 		Click to see attachment
List of Attached Documents:
// Content
201,134 		Click to see attachment
List of Attached Documents:
// Content
201,134
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,883,915 53,499,004 65,869,679
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........... 51,883,915 53,499,004
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)..... 51,883,915 53,499,004
30 Total liabilities and net assets/fund balances (see instructions). 51,883,915 53,499,004
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
51,883,915
2
Enter amount from Part I, line 27a .....................
2
-740,632
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,355,721
4
Add lines 1, 2, and 3 ..........................
4
53,499,004
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
53,499,004
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 56,211.538 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-10-09 2024-10-22
b 9,853.695 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-09-30 2024-12-18
c 56,191.513 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-09-30 2024-10-22
d 3,924.102 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-04-17 2024-05-13
e 10,823.358 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-04-17 2024-09-09
10,857.354 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-21 2024-08-29
87.852 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-18 2024-09-09
4,948.565 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-05 2024-05-13
80,693.514 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-05 2024-06-04
4,954.405 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-04 2024-08-29
8,416.882 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-04 2024-06-04
49,559.337 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-04 2024-09-09
85,729.931 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P 2024-03-04 2024-04-03
0.1762 SHS HARTFORD MULTIFACTOR DEVELOPED MARKETS (EXUS) ETF P 2019-10-15 2024-02-23
2,366.8238 SHS HARTFORD MULTIFACTOR DEVELOPED MARKETS (EXUS) ETF P 2019-10-15 2024-02-23
2,395 SHS HARTFORD MULTIFACTOR DEVELOPED MARKETS (EXUS) ETF P 2019-09-16 2024-02-23
2,505 SHS HARTFORD MULTIFACTOR DEVELOPED MARKETS (EXUS) ETF P 2019-08-14 2024-02-23
5,737.1762 SHS HARTFORD MULTIFACTOR DEVELOPED MARKETS (EXUS) ETF P 2019-07-08 2024-02-23
0.6639 SHS INVESCO RUSSELL 1000 DYNAMIC MULTIFACTOR ETF P 2019-10-15 2024-02-23
7,483 SHS INVESCO RUSSELL 1000 DYNAMIC MULTIFACTOR ETF P 2019-10-15 2024-02-23
15,966 SHS INVESCO RUSSELL 1000 DYNAMIC MULTIFACTOR ETF P 2019-08-14 2024-02-23
1,098 SHS ISHARES CORE MSCI EMERGING MARKETS ETF P 2022-02-25 2024-02-23
210 SHS ISHARES CORE MSCI EMERGING MARKETS ETF P 2019-10-15 2024-12-18
1,453 ISHARES CORE MSCI EMERGING MARKETS ETF P 2019-10-15 2024-02-23
1,635 SHS ISHARES CORE MSCI EMERGING MARKETS ETF P 2019-09-16 2024-12-18
1,768 SHS ISHARES CORE MSCI EMERGING MARKETS ETF P 2019-08-14 2024-12-18
1,755 SHS ISHARES CORE MSCI EMERGING MARKETS ETF P 2019-07-08 2024-02-23
6,887 SHS ISHARES CORE MSCI EMERGING MARKETS ETF P 2016-03-30 2024-12-18
1,025 SHS SCHWAB FUNDAMENTAL INTERNATIONAL SMALL COMPANY ETF P 2019-09-16 2024-02-23
1,132 SHS SCHWAB FUNDAMENTAL INTERNATIONAL SMALL COMPANY ETF P 2019-08-14 2024-02-23
1,494 SHS SCHWAB FUNDAMENTAL INTERNATIONAL SMALL COMPANY ETF P 2019-07-08 2024-02-23
2,930 SHS SCHWAB FUNDAMENTAL US SMALL COMPANY ETF P 2019-07-08 2024-02-23
1 SHS SMARTSHEET INC. P 2009-01-01 2024-09-30
142 SHS SMARTSHEET INC. P 2009-01-01 2024-09-30
5,272 SHS SMARTSHEET INC. P 2009-01-01 2024-09-30
11,264 SHS SMARTSHEET INC. P 2009-01-01 2024-09-30
115 SHS SNOWFLAKE INC. P 2018-10-09 2024-10-24
115 SHS SNOWFLAKE INC. P 2018-10-09 2024-10-25
333 SHS SNOWFLAKE INC. P 2018-10-09 2024-10-26
333 SHS SNOWFLAKE INC. P 2018-10-09 2024-10-27
102 SHS SNOWFLAKE INC. P 2017-03-24 2024-10-28
333 SHSSNOWFLAKE INC. P 2017-03-24 2024-10-29
1,108 SHS VANGUARD S&P 500 ETF P 2022-02-25 2024-02-23
73,531 SHS VANGUARD S&P 500 ETF P   2024-01-01
89,110 SHS BAIRD ULTRA-SHORT BOND INSTITUTIONAL P   2024-06-04
36,796 SHS VANGUARD S&P 500 ETF P   2024-09-09
MADRONA IV MANAGER FUND, LP P    
MADRONA III MANAGER FUND, LP P    
MADRONA III MANAGER FUND, LP P    
MADRONA V MANAGER FUND P    
ELEVAR EQUITY III P    
MADRONA VI MANAGER FUND P    
OWL VENTURES II P    
MADRONA VENTURE FUND IV, LP P    
MADRONA VENTURE FUND V, LP P    
MADRONA VENTURE FUND VI, LP P    
OWL VENTURES III, LP P    
VERDAD LEVERAGED COMPANY FUND, L.P. P    
VERDAD LEVERAGED COMPANY FUND, L.P. P    
MADRONA VII MANAGER FUND, LP P    
THE MIRI STRATEGIC EMERGING MARKETS FUND LP P    
THE MIRI STRATEGIC EMERGING MARKETS FUND LP P    
OCEAN AVENUE FUND III, LP P    
OWL VENTURES OPPORTUNITY FUND I, L.P. P    
OWL VENTURES IV, L.P. P    
LAVIEN OFFSHORE SELECT DISTRIBUTION HOLDINGS P    
LAVIEN OFFSHORE SELECT DISTRIBUTION HOLDINGS P    
TRANSFORMATION CAPITAL FUND II LP P    
RSQUARED FUND I, LP P    
MADRONA VIII MANAGER FUND, LP P    
NORTHGATE VENTURE PARTNERS IX, LP P    
NORTHGATE VENTURE PARTNERS IX, LP P    
MADRONA IX MANAGER FUND, LP P    
MADRONA VII MANAGER FUND EXTENSION, LP P    
OCEAN AVENUE FUND III, LP - SECTION 1231 GAIN P    
OWL VENTURES III, LP - SECTION 988 GAINS P    
THE MIRI STRATEGIC EMERGING MARKETS FUND LP - SECTION 988 GAINS P    
NORTHGATE VENTURE PARTNERS IX, LP - SECTION 988 GAINS P    
SQN INVESTORS MASTER FUND LP - SECTION 988 GAINS P    
SCHWAB ACCT # 7335-4867 - IMPINJ, INC - QSBS EXCLUSION P    
SCHWAB ACCT # 7335-4867 - IMPINJ, INC - QSBS EXCLUSION P    
SCHWAB ACCT # 7335-4867 - IMPINJ, INC - QSBS EXCLUSION P    
SCHWAB ACCT # 7335-4867 - IMPINJ, INC - QSBS EXCLUSION P    
ELEVAR EQUITY III P    
WORTHLESS STOCK - ONE4ALL, INC. P    
(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 571,102   570,000 1,102
b 100,000   99,918 82
c 570,898   569,791 1,107
d 39,670   39,677 -7
e 109,854   109,133 721
109,866   110,007 -141
892   886 6
50,026   49,983 43
814,991   815,041 -50
50,134   49,990 144
85,009   84,927 82
503,015   500,059 2,956
865,000   865,024 -24
5   5 0
64,945   66,551 -1,606
65,718   66,514 -796
68,736   66,563 2,173
157,426   162,249 -4,823
34   20 14
386,942   230,626 156,316
825,593   462,372 363,221
56,041   63,146 -7,105
11,132   10,561 571
74,160   73,069 1,091
86,669   82,164 4,505
93,719   82,429 11,290
89,574   89,958 -384
365,069   287,465 77,604
35,331   31,847 3,484
39,020   32,760 6,260
51,498   46,822 4,676
160,064   110,754 49,310
55     55
7,859   25 7,834
291,796   914 290,882
623,443   1,953 621,490
13,150   1,720 11,430
13,150   1,720 11,430
38,079   4,982 33,097
38,079   4,982 33,097
11,664   357 11,307
38,079   1,166 36,913
517,643   444,452 73,191
750,000   780,505 -30,505
900,000   899,961 39
280,000   283,605 -3,605
210,625     210,625
364     364
    122,182 -122,182
155,629     155,629
1,601     1,601
    35,714 -35,714
    17,223 -17,223
78,528     78,528
39,455     39,455
    9,840 -9,840
    10,482 -10,482
17,995     17,995
176,541     176,541
99,490     99,490
298,836     298,836
693,303     693,303
39,458     39,458
    4,367 -4,367
    7,575 -7,575
    2,663 -2,663
    9,173 -9,173
19,887     19,887
    30,096 -30,096
    3,690 -3,690
96     96
    4,791 -4,791
24,593     24,593
25,116     25,116
    666 -666
    42 -42
51,062     51,062
    6 -6
582     582
    2,263 -2,263
    453,938 -453,938
    3,917 -3,917
    27 -27
1,620     1,620
    50,000 -50,000
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       1,102
b       82
c       1,107
d       -7
e       721
      -141
      6
      43
      -50
      144
      82
      2,956
      -24
      0
      -1,606
      -796
      2,173
      -4,823
      14
      156,316
      363,221
      -7,105
      571
      1,091
      4,505
      11,290
      -384
      77,604
      3,484
      6,260
      4,676
      49,310
      55
      7,834
      290,882
      621,490
      11,430
      11,430
      33,097
      33,097
      11,307
      36,913
      73,191
      -30,505
      39
      -3,605
      210,625
      364
      -122,182
      155,629
      1,601
      -35,714
      -17,223
      78,528
      39,455
      -9,840
      -10,482
      17,995
      176,541
      99,490
      298,836
      693,303
      39,458
      -4,367
      -7,575
      -2,663
      -9,173
      19,887
      -30,096
      -3,690
      96
      -4,791
      24,593
      25,116
      -666
      -42
      51,062
      -6
      582
      -2,263
      -453,938
      -3,917
      -27
      1,620
      -50,000
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,934,603
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 44,278
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 44,278
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 44,278
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 63,247
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 72,247
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 27,969
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow27,969 Refundedright arrow 11 0
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
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 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
 
No
Website addressright arrowRAVENTRUSTFUND.ORG
14
The books are in care ofright arrowJUDITH BECK Telephone no.right arrow (206) 674-3000

Located atright arrow999 THIRD AVENUE SUITE 3400SEATTLEWA ZIP+4right arrow98104
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? .................
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 (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)
 
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 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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
JUDITH BECK VP/SECRETARY/TRUSTEE
30.00 		0 0 0
999 THIRD AVENUE SUITE 3400
SEATTLE,WA98104
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
CLARIUS GROUP PROFESSIONAL SERVICES 187,637
999 THIRD AVE SUITE 3050
SEATTLE,WA98104
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
51,003,891
b
Average of monthly cash balances.......................
1b
1,531,567
c
Fair market value of all other assets (see instructions)................
1c
13,704,514
d
Total (add lines 1a, b, and c).........................
1d
66,239,972
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
66,239,972
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
993,600
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
65,246,372
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,262,319
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,262,319
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
44,278
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
44,278
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,218,041
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,218,041
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
3,218,041
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
3,919,170
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
3,919,170
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 3,218,041
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,579,354
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$ 3,919,170
a Applied to 2023, but not more than line 2a 1,579,354
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..... 2,339,816
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 .......... 		878,225
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).)
JUDITH BECK
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.
JUDITH BECK
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

ADA DEVELOPERS ACADEMY

315 5TH AVENUE SOUTH SUITE 200
SEATTLE,WA98104 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

AKIN (FKA CHILDHAVEN)

12360 LAKE CITY WAY NE SUITE 100
SEATTLE,WA98125 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

AMARA PARENTING AND ADOPTION SERVICES

5907 MARTIN LUTHER KING JR WAY
SOUTH
SEATTLE,WA98118 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

ARBORETUM FOUNDATION

UNIVERSITY OF WASHINGTON XD-10
SEATTLE,WA98195 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

ARTSFUND (CCA)

PO BOX 19780 SUITE 200
SEATTLE,WA98109 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

BIKE WORKS

3715 S HUDSON ST UNIT 111
SEATTLE,WA98118 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

BURKE MUSEUM ASSOCIATION

4300 15TH AVE NE
SEATTLE,WA98195 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

CAMP KOREY

28901 NE CARNATION FARM ROAD
CARNATION,WA98014 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

CASCADE PUBLIC MEDIA (KCTS TV KCTS 9)

401 MERCER STREET
SEATTLE,WA98109 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

CENTER FOR WOODEN BOATS

1010 VALLEY STREET
SEATTLE,WA98109 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000

DISCOVERY INSTITUTE

208 COLUMBIA STREET
SEATTLE,WA98104 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 15,000

FARESTART

1902 2ND AVENUE
SEATTLE,WA98101 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

FORTERRA NW

901 FIFTH AVENUE SUITE 2200
SEATTLE,WA98164 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

FRED HUTCHINSON CANCER CENTER

1100 FAIRVIEW AVE N
SEATTLE,WA98109 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

FRIENDS OF THE SAN JUANS

PO BOX 1344
FRIDAY HARBOR,WA98250 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

HEDGEBROOK

2197 MILLMAN ROAD
LANGLEY,WA98260 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

HOPELINK

16225 NE 87TH ST SUITE A-1
REDMOND,WA98052 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

HUGO HOUSE

1634 11TH AVENUE
SEATTLE,WA98122 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

ISLANDWOOD

4450 BLAKELY AVENUE NORTHEAST
BAINBRIDGE ISLAND,WA98110 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

JUVENILE DIABETES RESEARCH FOUNDATION

1215 4TH AVE 1100
SEATTLE,WA98161 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

KUOW

PO BOX 84148
SEATTLE,WA98124 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

MARY'S PLACE

1830 9TH AVENUE PO BOX 1711
SEATTLE,WA98101 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

MOCKINGBIRD SOCIETY

2100 24TH AVENUE S STE240
SEATTLE,WA98144 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

MUSEUM OF HISTORY & INDUSTRY

2700 24TH AVENUE EAST
SEATTLE,WA98112 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

NATIONAL TROPICAL BOTANICAL GARDEN

3530 PAPALINA ROAD
KALAHEO,HI96741 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

NORTHWEST AFRICAN AMERICAN MUSEUM

2300 S MASSACHUSETTS ST
SEATTLE,WA98144 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

OUR LADY OF THE ROCK

PO BOX 425
SHAW ISLAND,WA98286 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

OXBOW CENTER

10819 CARNATION DUVALL ROAD NE
CARNATION,WA98014 		NONE POF GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 3,570,000

PACIFIC SCIENCE CENTER FOUNDATION

200 SECOND AVENUE N
SEATTLE,WA98109 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

PATH FOR GLOBAL HEALTH

1455 NW LEARY WAY
SEATTLE,WA98107 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

PATH WITH ART

PO BOX 9218
SEATTLE,WA98109 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

PLYMOUTH HOUSING

2209 FIRST AVENUE
SEATTLE,WA98121 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

RAINIER SCHOLARS

2100 24TH AVENUE S SUITE 360
SEATTLE,WA98144 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

RYTHER CHILD CENTER

2400 NE 95TH STREET
SEATTLE,WA98115 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000

SALISH SEA EXPEDITIONS

431 WATER STREET
PORT TOWNSEND,WA98368 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000

SEATTLE AQUARIUM SOCIETY

1415 WESTERN AVENUE SUITE 505
SEATTLE,WA98101 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

SEATTLE ART MUSEUM

1300 FIRST AVENUE
SEATTLE,WA98101 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

SEATTLE CHILDREN'S HOSPITAL FOUNDATION

PO BOX 5371
SEATTLE,WA98145 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

SEATTLE FOUNDATION

1200 FIFTH AVENUE SUITE 1300
SEATTLE,WA98101 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

SEATTLE HUMANE SOCIETY

13212 SE EASTGATE WAY
BELLEVUE,WA98005 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

SEATTLE PARKS FOUNDATION

860 TERRY AVENUE NORTH SUITE 117
SEATTLE,WA98109 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

SEATTLE PUBLIC LIBRARY FOUNDATION

1000 4TH AVENUE
SEATTLE,WA98104 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

SEATTLE TIMES INVESTIGATIVE JOURNALISM FUND

PO BOX C11025
SEATTLE,WA98111 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

SKAGITONIANS TO PRESERVE FARMLAND

414A SNOQUALMIE STREET PO BOX 2405
MT VERNON,WA98273 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

SNOQUALMIE VALLEY PRESERVATION ALLIANCE

4621 TOLT AVENUE
CARNATION,WA98014 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000

STEWARDSHIP PARTNERS

80 YESLER WAY SUITE 315
SEATTLE,WA98104 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

STEWARDSHIP PARTNERS

80 YESLER WAY SUITE 315
SEATTLE,WA98104 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

SWEDISH HOSPITAL MEDICAL CENTER FOUNDATION

747 BROADWAY
SEATTLE,WA98122 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

TAKE THE NEXT STEP (OXBOW PARTNER)

202 SAMS ST
MONROE,WA98272 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 4,000

TEACH FOR AMERICA

210 S HUDSON ST SUITE 307
SEATTLE,WA98134 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

TEAM READ

135 32ND AVENUE
SEATTLE,WA98122 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

TECHNOLOGY ACCESS FOUNDATION

3803 SOUTH EDMUNDS STREET
SEATTLE,WA98118 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 11,227

THE NATURE CONSERVANCY

1917 FIRST AVENUE
SEATTLE,WA98101 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

TREEHOUSE FUND

2100 24TH AVENUE S SUITE 200
SEATTLE,WA98144 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

TRUST FOR PUBLIC LAND PNW

WATERFRONT PLACE BUILDING SUITE 605
1011 WESTERN AVENUE
SEATTLE,WA98104 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

UNITED WAY OF KING COUNTY

720 SECOND AVENUE
SEATTLE,WA98104 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 10,000

UNIVERSITY OF IDAHO

PO BOX 443150
MOSCOW,ID83844 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000

UNIVERSITY OF WASHINGTON

PO BOX 351210 401 ADMINISTRATION
BUILDING AI-10
SEATTLE,WA98195 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

WASHINGTON FARMLAND TRUST

1402 3RD AVE 709
SEATTLE,WA98101 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

WASHINGTON STATE UNIVERSITY

PO BOX 641925
PULLMAN,WA99164 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

WENATCHEE VALLEY COMMUNITY COLLEGE

1300 5TH STREET
WENATCHEE,WA98801 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

WOOD RIVER ABILITY PROGRAM

PO BOX 2605
KETCHUM,ID83340 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 2,000

WOODLAND PARK ZOO

601 NORTH 59TH STREET
SEATTLE,WA98103 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 25,000

WORLDREADERORG

2030 1ST AVE SUITE 300
SEATTLE,WA98121 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 1,000

YEAR UP PUGET SOUND

2607 2ND AVENUE
SEATTLE,WA98121 		NONE PUBLIC CHARITIES GENERAL SUPPORT FOR ALL PUBLIC CHARITIES 5,000
Total .................................right arrow 3a 3,866,227
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 ........... 		         
4 Dividends and interest from securities ....     14 712,580  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,934,603  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aORDINARY INCOME - CSRHUB, LLC 		  -197 14    
bORDINARY INCOME - FORTERRA STRONG COMMUNITIES FUND II, LP   783 14    
cORDINARY INCOME - OCEAN AVENUE FUND III, LP   1,289 14 -1,688  
dORDINARY INCOME - OCEAN AVENUE FUND V, LP   -7,081 14    
eORDINARY INCOME FROM A QEF - NORTHGATE VENTURE PARTNERS IX, LP       112  
fORDINARY INCOME FROM A QEF - OCEAN AVENUE FUND III, LP       1,287  
gOTHER PORTFOLIO INCOME - ELEVAR EQUITY III       492  
hOTHER PORTFOLIO INCOME - NORTHGATE VENTURE PARTNERS IX, LP       8  
iOTHER PORTFOLIO INCOME - SQN INVESTORS MASTER FUND LP       2,706  
jRENTAL INCOME - FORTERRA STRONG COMMUNITIES FUND II, LP       31  
kRENTAL INCOME - FORTERRA STRONG COMMUNITIES I, LP   -1,690 14 -2,398  
lRENTAL INCOME - OCEAN AVENUE FUND III, LP       23  
12 Subtotal. Add columns (b), (d), and (e) .. -6,896 3,647,756 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,640,860
(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:
RAVEN TRUST FUND
EIN:
91-1816037
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 27,000 13,500   13,500

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
  		999 THIRD AVENUE SUITE 3050
SEATTLE,WA98104 		2024-01-11 892,500 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 892,500   5/15/25 2025-05-15  
OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
  		999 THIRD AVENUE SUITE 3050
SEATTLE,WA98104 		2024-06-05 892,500 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 892,500   5/15/25 2025-05-15  
OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
  		999 THIRD AVENUE SUITE 3050
SEATTLE,WA98104 		2024-09-10 892,500 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 892,500   5/15/25 2025-05-15  
OXBOW CENTER FOR SUSTAINABLE AGRICULTURE AND THE ENVIRONMENT
  		999 THIRD AVENUE SUITE 3050
SEATTLE,WA98104 		2024-12-19 892,500 OUR GRANT MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE 501 ( C )(3 ), AND MORE SPECIFICALLY FOR GENERAL SUPPORT OF THE GRANTEE. 892,500   5/15/25 2025-05-15  

TY 2024 InvestmentsCorpBondsSchedule
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Name of Bond End of Year Book Value End of Year Fair Market Value
BOND FUNDS 7,572,226 7,572,226

TY 2024 InvestmentsCorpStockSchedule
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Name of Stock End of Year Book Value End of Year Fair Market Value
SQN INVESTORS OFFSHORE FUND LTD 1,000,000 86,615
PUBLICLY TRADED SECURITIES 8,775,100 8,709,321
SNOWFLAKE INC. 89,152 65,779
MAGNITUDE INTERNATIONAL - CLASS A 2,359,199 2,359,199
SQN INVESTORS MASTER FUND, LP 251,013 251,013

TY 2024 InvestmentsOtherSchedule2
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
TCII THRIVEWORKS FEEDER, LP FMV 30,636 0
OCEAN AVENUE FUND IV, LP FMV 1,641,952 1,625,806
OCEAN AVENUE FUND III, LP FMV 1,538,549 1,522,512
RSQUARED FUND I, LP FMV 367,154 2,140,159
MADRONA IV MANAGER FUND LP FMV 317,640 722,453
MADRONA VI MANAGER FUND FMV 695,163 1,433,081
VERDAD LEVERAGED COMPANY FUND, L.P. FMV 2,342,947 2,218,999
MADRONA V MANAGER FUND LP FMV 640,509 2,552,366
MADRONA VII MANAGER FUND, LP FMV 1,135,272 2,647,511
OTHER INVESTMENTS FMV 12,083,543 12,083,543
MADRONA IX MANAGER FUND, LP FMV 1,058,496 1,485,687
MADRONA VII MANAGER FUND EXTENSION, LP FMV 529,188 431,248
TCII LONG FEEDER LP FMV 26,117 0
ELEVAR EQUITY III LP FMV 147,308 580,122
OWL VENTURES II FMV 350,757 752,783
MADRONA VENTURE FUND V, LP FMV 188,603 673,256
ELEVAR EQUITY II LP FMV 10,073 6,755
OWL VENTURES V, LP FMV 192,222 189,828
TEACHTOWN FMV 99,000 99,000
VERAVANTI FMV 99,996 99,996
CSRHUB LLC FMV 121,163 119,995
LAVIEN OFFSHORE SELECT DISTRIBUTION HOLDINGS FMV 44,780 4,880
RSQUARED FUND II, LP FMV 323,801 370,596
MADRONA ACCELERATION II MANAGER FUND, LP FMV 623,769 564,770
MADRONA VENTURE FUND IV, LP FMV 131,764 298,561
OWL VENTURES OPPORTUNITY FUND II, LP FMV 189,061 205,241
OWL VENTURES OPPORTUNITY FUND I, L.P. FMV 239,176 214,148
FORTERRA STRONG COMMUNITIES I LP FMV 379,251 234,209
FORTERRA STRONG COMMUNITIES FUND II, LP FMV 167,158 114,936
OWL VENTURES IV, L.P. FMV 417,292 445,778
MADRONA III MANAGER FUND LP FMV 49,597 45,695
OWL VENTURES III, LP FMV 394,934 448,003
MADRONA VENTURE FUND VI, LP FMV 250,046 442,661
NORTHGATE VENTURE PARTNERS IX, LP FMV 800,101 1,101,886
MADRONA VIII MANAGER FUND, LP FMV 1,472,174 2,349,299
TRANSFORMATION CAPITAL FUND II, L.P. FMV 348,527 640,907
QUELLOS STRATEGIC PARTNERS INC FMV 2,524,124 4,149,730
MADRONA ACCELERATION III MANAGER FUND, L FMV 306,554 305,565
OCEAN AVENUE FUND V LP FMV 468,769 598,329
THE MIRI STRATEGIC EMERGING MARKETS OFFSHORE FUND LTD FMV 0 2,200,084

TY 2024 OtherAssetsSchedule
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSITS 201,134 201,134 201,134


TY 2024 OtherExpensesSchedule
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PORTFOLIO DEDUCTIONS FROM FLOW-THROUGH INVESTMENTS 253,651 253,651   0
FOREIGN TAXES 26,219 26,219   0
LICENSE & PERMITS 85 43   42
DUES AND SUBSCRIPTIONS 305 153   153
INVESTMENT INTEREST EXPENSE FROM FLOW-THROUGH INVESTMENT 17,472 17,472   0
POSTAGE AND DELIVERY 302 151   151
CHARLES SCHWAB FEES AND CHARGES 40 20   20
REGISTRATION FEE 150 75   75
LEGAL FEES 2,403 1,202   1,202


TY 2024 OtherIncomeSchedule2
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORDINARY INCOME - CSRHUB, LLC -197 0 -197
ORDINARY INCOME - FORTERRA STRONG COMMUNITIES FUND II, LP 783 0 783
ORDINARY INCOME - OCEAN AVENUE FUND III, LP -399 -1,688 -399
ORDINARY INCOME - OCEAN AVENUE FUND V, LP -7,081 0 -7,081
ORDINARY INCOME FROM A QEF - NORTHGATE VENTURE PARTNERS IX, LP 112 112 112
ORDINARY INCOME FROM A QEF - OCEAN AVENUE FUND III, LP 1,287 1,287 1,287
OTHER PORTFOLIO INCOME - ELEVAR EQUITY III 492 492 492
OTHER PORTFOLIO INCOME - NORTHGATE VENTURE PARTNERS IX, LP 8 8 8
OTHER PORTFOLIO INCOME - SQN INVESTORS MASTER FUND LP 2,706 2,706 2,706
RENTAL INCOME - FORTERRA STRONG COMMUNITIES FUND II, LP 31 31 31
RENTAL INCOME - FORTERRA STRONG COMMUNITIES I, LP -4,088 -2,398 -4,088
RENTAL INCOME - OCEAN AVENUE FUND III, LP 23 23 23


TY 2024 OtherIncreasesSchedule
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Description Amount
UNREALIZED GAIN (LOSS) 2,355,721


TY 2024 OtherProfessionalFeesSchedule
Name:
RAVEN TRUST FUND
EIN:
91-1816037
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 149,837 149,837   0
OPERATING FEES 37,800 0   37,800