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

91-2009458
B Telephone number (see instructions)

(425) 586-8011
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$107,806,104J 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) 3,187,930
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,057,641 2,057,641  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,814,976
b Gross sales price for all assets on line 6a 18,210,393
7 Capital gain net income (from Part IV, line 2)... 4,814,976
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
1,035,825 961,286  
12 Total. Add lines 1 through 11........ 11,096,372 7,833,903  
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
47,589 42,830   4,759
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
114,124 114,124   0
17 Interest............... 52,415 52,415   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
128,508 30,683   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
542,854 556,049   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 885,490 796,101   4,759
25 Contributions, gifts, grants paid....... 9,024,361 9,024,361
26 Total expenses and disbursements. Add lines 24 and 25 9,909,851 796,101   9,029,120
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,186,521
b Net investment income (if negative, enter -0-) 7,037,802
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............. 1,528,266 1,046,482 1,046,482
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow61,078
Less: allowance for doubtful accounts right arrow   7,274 61,078 61,078
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)....... 43,361,954 Click to see attachment
List of Attached Documents:
// Content
40,647,416 		63,940,396
c Investments—corporate bonds (attach schedule)....... 6,322,809 Click to see attachment
List of Attached Documents:
// Content
5,500,255 		5,375,319
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).......... 21,240,194 Click to see attachment
List of Attached Documents:
// Content
27,268,146 		37,377,819
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
803,516 		Click to see attachment
List of Attached Documents:
// Content
5,010 		Click to see attachment
List of Attached Documents:
// Content
5,010
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 73,264,013 74,528,387 107,806,104
Liabilities 17 Accounts payable and accrued expenses..........   9,877
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 9,877
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 73,264,013 74,518,510
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 73,264,013 74,518,510
30 Total liabilities and net assets/fund balances (see instructions). 73,264,013 74,528,387
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
73,264,013
2
Enter amount from Part I, line 27a .....................
2
1,186,521
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
67,976
4
Add lines 1, 2, and 3 ..........................
4
74,518,510
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
74,518,510
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 NORTHERN TRUST #9976 ST P 2023-01-01 2024-12-31
b NORTHERN TRUST #9976 LT P 2023-01-01 2024-12-31
c FROM PASSTHROUGH P 2023-01-01 2024-12-31
d NORTHERN TRUST #9976 DISTRIBUTIONS P 2023-01-01 2024-12-31
e ADDITIONAL PARTNERSHIP GAIN P 2023-01-01 2024-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,600,564   2,415,569 184,995
b 14,898,602   10,979,848 3,918,754
c 692,776     692,776
d 255     255
e 18,196     18,196
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       184,995
b       3,918,754
c       692,776
d       255
e       18,196
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 4,814,976
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 97,825
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 97,825
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 97,825
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 83,187
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 47,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 130,187
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 32,362
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow32,362 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
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowAVEN FOUNDATION Telephone no.right arrow (425) 586-8011

Located atright arrowPO BOX 465MEDINAWA ZIP+4right arrow98039
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
 
No
(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
 
 
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
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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
JOHN W STANTON DIRECTOR
0.25 		0 0 0
PO BOX 465
MEDINA,WA98039
THERESA E GILLESPIE DIRECTOR
1.00 		0 0 0
PO BOX 465
MEDINA,WA98039
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A 0
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
69,095,288
b
Average of monthly cash balances.......................
1b
1,197,277
c
Fair market value of all other assets (see instructions)................
1c
36,549,132
d
Total (add lines 1a, b, and c).........................
1d
106,841,697
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
106,841,697
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,602,625
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
105,239,072
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,261,954
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
5,261,954
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
97,825
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
97,825
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,164,129
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,164,129
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
5,164,129
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
9,029,120
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
9,029,120
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 5,164,129
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 4,605,693
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$ 9,029,120
a Applied to 2023, but not more than line 2a 4,605,693
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..... 4,423,427
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 .......... 		740,702
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).)
JOHN W STANTON
THERESA E GILLESPIE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow 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 e-mail address of the person to whom applications should be addressed:
AVEN FOUNDATION
PO BOX 465
MEDINA,WA98039
(425) 586-8011
bThe form in which applications should be submitted and information and materials they should include:
NO PARTICULAR FORM
cAny submission deadlines:
NO DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE AVEN FOUNDATION PRE-SELECTS CHARITABLE ORGANIZATIONS TO RECEIVE GRANTS, BUT ALSO ACCEPTS PETITIONS FROM OTHER CHARITABLE ORGANIZATIONS TO RECEIVE GRANTS.
Form 990-PF (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

ACRES OF DIAMONDS

PO BOX 1672
DUVALL,WA98019 		  PC PROGRAM TO SUPPORT HOMELESS MOMS AND KIDS AS THEY REBUILD THEIR LIVES. 25,000

AKIN

12360 LAKE CITY WAY NE
SEATTLE,WA98125 		  PC THEIR MISSION IS TO DEVELOP HEALTHY CHILDREN, CREATE STRONG FAMILIES, BUILD ENGAGED COMMUNITIES, AND SPEAK AND ADVOCATE FOR CHILDREN. 50,000

BELLEVUE LIFESPRING

PO BOX 50172
BELLEVUE,WA98015 		  PC TO FOSTER STABILITY AND SELF-SUFFICIENCY FOR BELLEVUE'S CHILDREN AND THEIR FAMILIES THROUGH PROGRAMS THAT FEED, CLOTHE, AND EDUCATE. 25,000

BELLEVUE SCHOOLS FOUNDATION

PO BOX 40644
BELLEVUE,WA98015 		  PC PARTNERING TO TRANSFORM EDUCATION AND SUPPORT EVERY BELLEVUE SCHOOL DISTRICT STUDENT. 245,079

BUILDING CHANGES

2014 E MADISON SUITE 200
SEATTLE,WA98122 		  PC WORKING AT THE INTERSECTION OF HOUSING, EDUCATION, AND HEALTH. 30,000

CENTER FOR CHILDREN & YOUTH JUSTICE

300 ELLIOTT AVE W STE 360
SEATTLE,WA98119 		  PC MISSION IS TOIMPROVE OUTCOMES FOR WASHINGTON STATE CHILDREN AND YOUTH AGES 0 TO 25 WHO ARE, OR ARE AT RISK OF BEING, INVOLVED IN EITHER THE FOSTER CARE SYSTEMOR SYSTEMS OF YOUTH JUSTICE. 10,000

COMMUNITY FOR YOUTH

1225 S WELLER ST STE 320
SEATTLE,WA98144 		  PC INSPIRES AND SUPPORTS STUDENTS TO BE THEIR BEST SELVES THROUGH MENTORING, LEARNING EXPERIENCES, AND A POWERFULCOMMUNITY. 20,000

COMPASS HOUSING ALLIANCE

220 DEXTER AVE N
SEATTLE,WA98109 		  PC DEVELOPMENT & OPERATION OF PERMANENT AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES. 20,000

COLLEGE SUCCESS FND

15500 SOUTHEAST 30TH STREET
BELLEVUE,WA98007 		  PC COACHES AND SUPPORTS STUDENTS FROM LOW SOCIOECONOMIC BACKGROUNDS TO PREPARE FOR AND GRADUATE FROMCOLLEGE 20,000

CRISTO REY JESUIT

10001 57TH AVE S
SEATTLE,WA98178 		  PC COLLEGE AND CAREER PREPARATORY SCHOOLS EXCLUSIVELY SERVING THE MOST MARGINALIZED POPULATION OF STUDENTS FROM SECONDARY EDUCATIONAL OPTIONS; THOSE IN THE LOWEST INCOME QUARTILE. 500,000

DRESS FOR SUCCESS

600 PINE STREET STE 310
SEATTLE,WA98101 		  PC MISSION IS TO EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE. 15,000

DISCOVERY INSTITUTE

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

EASTSIDE COMMUNITY DEV FOUNDATION

330 112TH AVE NE
BELLEVUE,WA98004 		  PC MISSION IS TO BUILD A THRIVING EASTSIDE COMMUNITY BY CONNECTING PEOPLE, IDEAS, AND RESOURCES TO ADDRESS COMMUNITY CHALLENGES AND OPPORTUNITIES. 25,000

ENCOMPASS

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

FARESTART

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

FRED HUTCH CANCER RESEARCH CTR

J5-200 PO BOX 19024
SEATTLE,WA98109 		  PC FRED HUTCH UNITES INNOVATIVE RESEARCH AND COMPASSIONATE CARE TO PREVENT AND ELIMINATE CANCER AND INFECTIOUS DISEASE. 3,249,282

HOPELINK

8990 154TH AVE NE
REDMOND,WA98052 		  PC MISSION IS TO PROMOTE SELF-SUFFICIENCY FOR ALL MEMBERS OF OUR COMMUNITY TO HELP PEOPLE MAKE LASTING CHANGE. OUR VISION IS A COMMUNITY FREE OF POVERTY. 50,000

IMAGINE HOUSING

1722 138TH PLACE NE
BELLEVUE,WA98005 		  PC IMAGINE HOUSING DEVELOPS AFFORDABLE HOUSING, BUILDS WELCOMING COMMUNITIES AND FOSTERS VIBRANT FUTURES. 25,000

KCSARC

KCSARC PO BOX 300
RENTON,WA98057 		  PC KCSARC IS A COMPREHENSIVE SEXUAL ASSAULT VICTIM SERVICE ORGANIZATION IN KING COUNTY, WASHINGTON. 40,000

KIDS & PAPER

7513 33RD AVE NE
SEATTLE,WA98115 		  PC HELPING RESETTLED KIDS ACCLIMATE TO THEIR NEW LIVES THROUGH CREATIVE ARTS. 10,000

KINDERING

16120 NE 8TH STREET
BELLEVUE,WA98008 		  PC COMMITTED TO SUPPORTING CHILDREN WITH DEVELOPMENTAL DELAYS AND/OR DISABILITIES THROUGH A BROAD RANGE OF SERVICES THAT POSITIVELY IMPACT THEIR DEVELOPMENTAL TRAJECTORIES AND HELP FAMILIES THRIVE. 35,000

MOCKINGBIRD

2100 24TH AVE S STE 240
SEATTLE,WA98144 		  PC MISSION IS TO TRANSFORM THE FOSTER CARE SYSTEM AND END YOUTH HOMELESSNESS. 25,000

NEW BEGINNINGS

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

NC COMMUNITY FUND

3737 GLENWOOD AVE SUITE 460
RALEIGH,NC27612 		  PC MISSION IS TO INSPIRE NORTH CAROLINIANS TO MAKE LASTING AND MEANINGFUL CONTRIBUTIONS TO THEIR COMMUNITIES. 10,000

NORTHWEST EDUCATION ACCESS

6920 ROOSEVELT WAY 355
SEATTLE,WA98115 		  PC GIVING STUDENTS THE RESOURCES THEY NEED TO SUCCEED IN HIGH EDUCATION AND EARN CREDENTIAL TO SECURE A LIVING WAGE JOB. 15,000

OLIVE CREST

2500 116TH AVE NE STE 1
BELLEVUE,WA98004 		  PC IN SUPPORT OF ABUSED, NEGLECTED AND AT RISK CHILDREN AND THEIR FAMILIES. 25,000

OPERATION WARM

50 APPLIED BANK BLVD 204
GLEN MILLS,PA19342 		  PC PROVIDES WARMTH, CONFIDENCE, AND HOPE TO CHILDREN IN NEED THROUGH THE GIFT OF BRAND NEW WINTER COATS. 20,000

PARTNERSHIP FOR LEARNING

520 PIKE STREET SUITE 1212
SEATTLE,WA98101 		  PC PARTNERSHIP FOR LEARNING BRINGS TOGETHER BUSINESS LEADERS AND THE EDUCATION COMMUNITY IN SUPPORT OF POLICIES THAT DRIVE BETTER EDUCATION OUTCOMES FOR ALL WASHINGTON STUDENTS. 100,000

RAINIER ATHLETES

3120 139TH AVE SE FL 5
BELLEVUE,WA98005 		  PC RAINIER ATHLETES' MISSION IS TO AFFIRM YOUTHS SENSE OF PURPOSE AND BELONGING BY INTENTIONALLY CONNECTING A COMMUNITY OF TEACHERS, COACHES, FAMILIES, AND MENTORS. 25,000

RAINIER PREP

10211 12TH AV S
SEATTLE,WA98168 		  PC SUPPORTING STUDENT SUCCESS AT RAINIER PREP. 50,000

RAINIER SCHOLARS

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

READING PARTNERS SEATTLE

3250 AIRPORT WAY S 642
SEATTLE,WA98134 		  PC MISSION IS TO HELP STUDENTS BECOME BETTER READERS AND EMPOWERED LEARNERS. 15,000

RONALD MCDONALD HOUSE CHARITIES WA

5130 40TH AVE NE
SEATTLE,WA98105 		  PC MISSION IS TO OFFER THE COMFORTS OF HOME AND SUPPORT SERVICES TO FAMILIES OF SERIOUSLY ILL CHILDREN NEAR THE MEDICAL CARE THEY NEED. 10,000

RYTHER CHILD CENTER

2400 NE 95TH STREET
SEATTLE,WA98115 		  PC WHERE KIDS FIND HEALING AND HOPE THROUGH INPATIENT AND OUTPATIENT PROGRAMS, THERAPY AND FAMILY SERVICES. 500,000

SALVATION ARMY NW

111 QUEEN ANNE AV N 300
SEATTLE,WA98019 		  PC RED KETTLE LUNCHEON SUPPORTS 24/7 WRAP AROUND SERVICES, MENTAL HEALTH, ADDICTION RECOVERY SERVICES AND MORE. 30,000

SHARE RIGHT (IMPACT HEALTH SHARING)

8210 WEST STATE ROAD 84
DAVIE,FL33324 		  PC IMPACT HEALTH SHARING, INC. IS A HEALTH CARE SHARING ORGANIZATION. 10,000

SOLID GROUND

1501 NORTH 45TH STREET
SEATTLE,WA98103 		  PC WORKS TO END POVERTY AND UNDO RACISM AND OTHER OPPRESSIONS THAT ARE ROOT CAUSES OF POVERTY. 40,000

SPECIAL OLYMPICS OF WASHINGTON

2815 SECOND AVE SUITE 370
SEATTLE,WA98121 		  PC SPECIAL OLYMPICS WASHINGTON IS THE LEADER IN SPORTS, HEALTH, AND COMMUNITY BUILDING, EMPOWERING CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES ON AND OFF THE PLAYING FIELD. 50,000

SUMMER SEARCH SEATTLE

635 ANDOVER PARK W BLDG 8 SUITE 200
TUKWILA,WA98188 		  PC SUMMER SEARCH SUPPORTS STUDENTS FROM MARGINALIZED COMMUNITIES, PRIMARILY IDENTIFYING AS LATINX, FROM THEIR SOPHOMORE YEAR OF HIGH SCHOOL THROUGH POST-SECONDARY PATHWAYS AND THEIR CAREERS. 30,000

THE SOPHIA WAY

11061 NE 2ND ST
BELLEVUE,WA98004 		  PC THE SOPHIA WAY IS A PLACE OF HOPE AND CHANGE FOR WOMEN. WE SUPPORT THEM ON THEIR JOURNEY FROM HOMELESSNESS TO SAFE AND STABLE LIVING. 25,000

UPLIFT NW (DBA MILLIONAIR CLUB INC)

2515 WESTERN AVENUE
SEATTLE,WA98121 		  PC HELPS THOSE EXPERIENCING HOMELESSNESS, UNEMPLOYMENT AND UNDEREMPLOYMENT GET PLACED IN TEMPORARY AND PERMANENT JOBS, AS WELL AS PROVIDE THE VITAL SUPPORT SERVICES THEY NEED TO BE SUCCESSFUL AT WORK, INCLUDING MEALS, SHOWERS, LAUNDRY, VISION CARE AND TRANSITIONAL HOUSING. 25,000

VINE MAPLE PLACE

BOX 1092 MAPLE
VALLEY,WA98038 		  PC BREAKS THE GENERATIONAL CYCLE OF HOMELESSNESS BY WORKING WITH SINGLE PARENTS AND THEIR CHILDREN. 50,000

WASHINGTON WOMEN IN NEED

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

WAY BACK INN

BOX 621
RENTON,WA98057 		  PC PROVIDES TRANSITIONAL HOUSING TO HOMELESS FAMILIES WITH CHILDREN, WHILE HELPING THEM REBUILD THEIR LIVES, DIGNITY, AND SELF-CONFIDENCE. 25,000

WESTSIDE BABY

10002 14TH AVE SW
SEATTLE,WA98126 		  PC WESTSIDE BABY, IN PARTNERSHIP WITH OUR COMMUNITY, PROVIDES ESSENTIAL ITEMS TO LOCAL CHILDREN IN NEED BY COLLECTING AND DISTRIBUTING DIAPERS, CLOTHING, TOYS AND EQUIPMENT. 20,000

WHITMAN COLLEGE

345 BOYER AVE
WALLA WALLA,WA99362 		  PC WHITMAN COLLEGE IS A TOP-TIER LIBERAL ARTS SCHOOL WITH ACCOMPLISHED AND FRIENDLY FACULTY AND PASSIONATE AND CURIOUS STUDENTS. 3,000,000

YEAR UP

2607 2ND AVENUE 100
SEATTLE,WA98121 		  PC PROVIDES URBAN YOUNG ADULTS WITH OPPORTUNITY TO DEVELOP SKILLS AND PROVIDE PAID INTERNSHIPS. 200,000

YMCA OF GREATER SEATTLE

909 4TH AVE
SEATTLE,WA98104 		  PC BUILDING A COMMUNITY WHERE ALL PEOPLE, ESPECIALLY THE YOUNG, ARE ENCOURAGED TO DEVELOP THEIR FULLEST POTENTIAL IN SPIRIT, MIND AND BODY. 50,000
Total .................................right arrow 3a 9,024,361
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 2,057,641  
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 .....     14 1,035,825  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 4,814,976  
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 7,908,442 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,908,442
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
AVEN FOUNDATION
 
Employer identification number

91-2009458
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
AVEN FOUNDATION
  		Employer identification number
91-2009458
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
JOHN STANTON
 
PO BOX 465
 
MEDINA, WA98039

$ 1,593,965


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
THERESA GILLESPIE
 
PO BOX 465
 
MEDINA, WA98039

$ 1,593,965


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
AVEN FOUNDATION
  		Employer identification number

91-2009458
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 2570 SHARES OF SNOWFLAKE, INC. $ 303,381 2024-10-29
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 5750 SHARES OF COLUMBIA SPORTSWEAR $ 439,875 2024-10-29
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 2179 SHARES OF SNOWFLAKE, INC. $ 262,079 2024-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 7000 SHARES OF COLUMBIA SPORTSWEAR $ 588,630 2024-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 2569 SHARES OF SNOWFLAKE, INC. $ 303,381 2024-10-29
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 5750 SHARES OF COLUMBIA SPORTSWEAR $ 439,875 2024-10-29
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
AVEN FOUNDATION
  		Employer identification number

91-2009458
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 2179 SHARES OF SNOWFLAKE, INC. $ 262,079 2024-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 7000 SHARES OF COLUMBIA SPORTWEAR $ 588,630 2024-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
AVEN FOUNDATION
  		Employer identification number

91-2009458
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 47,589 42,830   4,759

TY 2024 AllOthProgRltdInvestmentsSch
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount
N/A 0

TY 2024 InvestmentsCorpBondsSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Name of Bond End of Year Book Value End of Year Fair Market Value
ARTISAN HIGH INCOME FND 2,103,056 2,033,045
BLACKROCK STRATEGIC INCOME OPPORTUNITIES FUND 2,470,402 2,390,438
US TREASURIES - 10 YEAR 926,797 951,836

TY 2024 InvestmentsCorpStockSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Name of Stock End of Year Book Value End of Year Fair Market Value
ARTISAN DEVELOPING WORLD 4,312,539 7,288,464
COLUMBIA SPORTSWEAR 222,875 4,280,430
ISHARES RU3000 23,841,516 36,430,910
MICROSOFT CORP 125,843 1,667,876
NORTHERN TRUST INTERNATIONAL EQUITY INDEX FUND 10,144,718 10,953,260
TECHNOLOGY SELECT SPDR FUND 1,999,925 3,319,456

TY 2024 InvestmentsOtherSchedule2
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACME IV AT COST 399,097 398,058
AETHER REAL ASSETS II, LP AT COST 191,382 127,624
APOLLO EUROPEAN AT COST 0 24,234
BAYPINE CAPITAL PARTNERS FUND I-A, LP AT COST 461,634 586,854
BLUE OWL REAL ESTATE FUND VI AT COST 380,649 405,106
CAPE ANN GLOBAL DEVELOPING MARKETS FUND AT COST 3,919,956 4,248,625
CLOVERLAY FUND III AT COST 532,038 681,240
CROWN EUROPEAN BUYOUT OPPORTUNITIES II FUND (B) AT COST 0 66,142
DARLINGTON PARTNERS AT COST 3,209,818 4,683,561
DARWIN VENTURE CAPITAL FUND OF FUNDS II AT COST 71,888 4,269,840
DARWIN VENTURE CAPITAL FUND OF FUNDS III AT COST 1,639,209 2,994,509
DARWIN VENTURE CAPITAL FUND OF FUNDS IV AT COST 807,866 1,847,743
DARWIN VENTURE CAPITAL FUND OF FUNDS V AT COST 814,893 1,155,755
EMR CAPITAL RESOURCES FUND 1 AT COST 311,766 199,804
EMR CAPITAL RESOURCES FUND II AT COST 345,434 195,897
EMR FUND II 29 METALS AT COST 40,544 41,771
EMR FUND II KESTRAL AT COST 323,158 596,735
EMR FUND II RAVENSWOOD AT COST 162,962 293,207
GRAHAM VI AT COST 255,864 270,625
LANDMARK PRIVATE REAL ESTATE PARTNERS VII AT COST 102,685 72,091
MACKAY MUNICIPAL CAPITAL TRADING AT COST 2,477,520 2,505,055
MONTAUK TRIGUARD FUND V AT COST 108,901 194,332
MONTAUK TRIGUARD FUND VI AT COST 136,368 128,595
MONTAUK TRIGUARD FUND VIII AT COST 342,630 543,919
MONTAUK TRIGUARD FUND IX AT COST 175,622 255,825
NEW 2ND CAPITAL III AT COST 188,204 232,190
PALMER SQUARE OPP CREDIT AT COST 4,543,499 4,535,871
PALMER SQUARE SR. LOAN AT COST 3,014,573 3,295,118
PORTFOLIO ADVISORS V AT COST 336,937 418,791
RIALTO DEBT V AT COST 341,084 341,793
ROC ASIA VI AT COST 496,180 532,344
STARWOOD DISTRESSED OPPORTUNITIES FUND XVIII AT COST 507 0
STRATEGIC VALUE CAP SOL FUND II AT COST 753,993 780,543
SUN CAPITAL PARTNERS V LP AT COST 87,778 40,066
SUN CAPITAL PARTNERS VI LP AT COST 293,507 413,956

TY 2024 OtherAssetsSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID FEDERAL TAXES 53,516 5,010 5,010
ADVANCED PARTNERSHIP CONTRIBUTION 750,000    


TY 2024 OtherExpensesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES AND FEES 85 85   0
OTHER PARTNERSHIP EXPENSE 542,769 555,964   0


TY 2024 OtherIncomeSchedule2
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 487 487 487
OTHER PARTNERSHIP INCOME 1,035,338 960,799 1,035,338


TY 2024 OtherIncreasesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Description Amount
UNREALIZED GAIN ON CONTRIBUTED SECURITIES 67,976


TY 2024 OtherProfessionalFeesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODY FEES 22,465 22,465   0
MANAGEMENT FEES 91,659 91,659   0


TY 2024 TaxesSchedule
Name:
AVEN FOUNDATION
EIN:
91-2009458
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 29,528 29,528   0
STATE TAXES 1,155 1,155   0
FEDERAL TAXES 97,825 0   0