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 07-01-2024 , and ending 06-30-2025
Name of foundation
THE MARTIN FABERT FOUNDATION
C/O PMNW LLC
Number and street (or P.O. box number if mail is not delivered to street address)24 ROY ST 454
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Seattle, WA98109
A Employer identification number

36-4437950
B Telephone number (see instructions)

(425) 448-3120
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$22,580,368J Accounting method:
MODIFIED CASH
(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) 2,852,783
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 549,975 549,975  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,223,458
b Gross sales price for all assets on line 6a 5,416,299
7 Capital gain net income (from Part IV, line 2)... 1,223,458
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
56,543 60,627  
12 Total. Add lines 1 through 11........ 4,682,759 1,834,060  
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
10,000 2,000   8,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
143,389 109,789   33,600
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
23,953 49   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 12,657 2,531   10,126
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
858 0   858
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 190,857 114,369   52,584
25 Contributions, gifts, grants paid....... 1,115,565 1,115,565
26 Total expenses and disbursements. Add lines 24 and 25 1,306,422 114,369   1,168,149
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,376,337
b Net investment income (if negative, enter -0-) 1,719,691
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............. 410,217 514,718 514,718
2 Savings and temporary cash investments......... 1,141,044 2,689,287 2,689,287
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..........   238 238
10a Investments—U.S. and state government obligations (attach schedule) 996,100 Click to see attachment
List of Attached Documents:
// Content
2,954,085 		2,954,085
b Investments—corporate stock (attach schedule)....... 10,686,154 Click to see attachment
List of Attached Documents:
// Content
12,704,261 		12,704,261
c Investments—corporate bonds (attach schedule)....... 4,510,940 Click to see attachment
List of Attached Documents:
// Content
2,890,654 		2,890,654
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).......... 915,213 Click to see attachment
List of Attached Documents:
// Content
620,578 		620,578
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
396,646 		Click to see attachment
List of Attached Documents:
// Content
206,547 		Click to see attachment
List of Attached Documents:
// Content
206,547
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,056,314 22,580,368 22,580,368
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 545,000 837,000
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) Click to see attachment
List of Attached Documents:
// Content
6,858 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 551,858 837,000
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 18,504,456 21,743,368
29 Total net assets or fund balances (see instructions)..... 18,504,456 21,743,368
30 Total liabilities and net assets/fund balances (see instructions). 19,056,314 22,580,368
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
18,504,456
2
Enter amount from Part I, line 27a .....................
2
3,376,337
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
154,575
4
Add lines 1, 2, and 3 ..........................
4
22,035,368
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
292,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
21,743,368
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 PUBLICLY TRADED SECURITIES - Harris Acc.      
b   P    
c   P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,416,299   4,192,841 1,223,458
b       0
c       0
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,223,458
b       0
c       0
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,223,458
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 23,904
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 23,904
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 23,904
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 24,142
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,142
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 14,238
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow14,238 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWA, IL
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 arrowPMNW LLC Telephone no.right arrow (425) 448-3120

Located atright arrow24 ROY ST 454SEATTLEWA ZIP+4right arrow98109
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
ELIZABETH MARTIN PRESIDENT/TREASURER/DIRECTOR
5.00 		0 0 0
24 ROY ST 454
Seattle,WA98109
EMMA FABERT DIRECTOR
5.00 		0 0 0
24 ROY ST 454
Seattle,WA98109
CASPER MARTIN DIRECTOR/VP
1.00 		0 0 0
24 ROY ST 454
Seattle,WA98109
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
HARRIS ASSOCIATES INVESTMENT MANAGEMENT 106,389
111 S WACKER DR 4600
CHICAGO,IL60606
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
18,105,917
b
Average of monthly cash balances.......................
1b
3,070,293
c
Fair market value of all other assets (see instructions)................
1c
620,816
d
Total (add lines 1a, b, and c).........................
1d
21,797,026
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
21,797,026
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
326,955
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
21,470,071
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,073,504
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
1,073,504
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
23,904
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,904
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,049,600
4
Recoveries of amounts treated as qualifying distributions................
4
286,015
5
Add lines 3 and 4............................
5
1,335,615
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
1,335,615
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
1,168,149
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
1,168,149
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 1,335,615
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 804,013
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$ 1,168,149
a Applied to 2023, but not more than line 2a 804,013
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..... 364,136
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 .......... 		971,479
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACRS Food Bank

3639 Martin Luther King Jr Way S
Seattle,WA98144 		N/A PC General Support 10,000

Alaska Wilderness League

122 C St NW Ste 240
Washington,DC20001 		N/A PC The Arctic Wildlife Refuge 25,000

Archangel Ancient Tree Archive

PO Box 98
Copemish,MI49625 		N/A PC General Support 25,000

Auburn Food Bank

930 18th Place NE
Auburn,WA98002 		N/A PC General Support 10,000

Bainbridge Island Land Trust

292 Ericksen Ave NE
Bainbridge Island,WA98110 		N/A PC Operations ($35,000), Watershed Initiative ($25,000), and Stand for the Land ($25,000) 85,000

Byrd Barr Place

722 18th Avenue
Seattle,WA98122 		N/A PC General Support 10,000

Caitie's Foster Farm

PO Box 36
Seabrook,TX77586 		N/A PC General Support 5,000

Cascade Public Media

PO Box 84109
Seattle,WA981245409 		N/A PC General Support 20,000

Duwamish River Community Coalition

7400 3rd Ave S
Seattle,WA98108 		N/A PC Youth Coalition 12,500

Earthjustice Gift Processing Center

PO Box 96346
Washington,DC200777953 		N/A PC Protect the Lands and Waters of the Arctic 25,000

Farm Action

PO Box 217
Mexico,MO65265 		N/A PC General Support 10,000

Forterra NW

5101 14TH AVE NW STE 200 307
Seattle,WA98107 		N/A PC General Support 25,000

Friends of KEXP

472 1ST AVE N
Seattle,WA98109 		N/A PC General Support 12,500

Great Peninsula Conservacy

6536 Kitsap Way
Bremerton,WA98312 		N/A PC Half for General Support and Half for Acquisitions and/or Stewardship 100,000

Green Forest Work

730 Rose St
Lexington,KY40546 		N/A PC General Support 50,000

Healing Soils Foundation

1720 W Division
Chicago,IL60622 		N/A PC General Support 25,000

Humane Farming Association

PO Box 3577
San Rafael,CA94912 		N/A PC General Support 10,000

Investigate West

P O Box 9574
Seattle,WA98109 		N/A PC General Support 15,000

KBTC Association - Public Television

2320 S 19th St
Tacoma,WA98405 		N/A PC General Support 15,000

KNKX - Pacific Public Media

1501 WESTERN AVE
Seattle,WA98101 		N/A PC General Support 15,000

KUOW

4518 University Way NE Suite 310
Seattle,WA98105 		N/A PC General Support 20,000

Life 4 Paws - Villalobos Rescue Center

PO Box 771127
New Orleans,LA70177 		N/A PC General Support 10,000

Living Lands and Waters

17624 Route 84 N
East Moline,IL61244 		N/A PC General Support 25,000

National Marine Sanctuary

8455 Coleville Road Suite 1275
Silver Springs,MD20910 		N/A PC Washington CoastSavers marine debris work 48,000

Northwest Outward Bound School

2130 N Kilpatrick Street 17359
Portland,OR97217 		N/A PC General Support 40,000

NW Immigrant Rights Project

615 2nd Ave 400
Seattle,WA98104 		N/A PC General Support 40,000

Pasadena Humane

361 S Raymond Ave
Pasadena,CA91105 		N/A PC General Support 5,000

Rainier Valley Food Bank

9021 Rainier Ave S
Seattle,WA98118 		N/A PC General Support 10,000

Realize Impact

271 Winslow Way E 10234
Bainbridge Island,WA98110 		N/A PC Ocean Plastics Recovery Project 102,565

Remake

1012 Torney
San Francisco,CA94129 		N/A PC General Support 5,000

Samaritan Center of Puget Sound

564 NE Ravenna Blvd
Seattle,WA98115 		N/A PC General Support 20,000

Seattle Foundation

1601 Fifth Avenue Suite 1900
Seattle,WA98101 		N/A PC Seattle Times Climate Lab 25,000

Sierra Club Foundation

2101 Webster St 1250
San Francisco,CA94612 		N/A PC Environmental Law Program 50,000

South Seattle Emerald

P O Box 28505
Seattle,WA98118 		N/A PC General Support 5,000

Sustainable Northwest

233 SW NAITO PARKWAY 200
Portland,OR97204 		N/A PC General Support 50,000

Tacoma Tree Foundation

539 Broadway
Tacoma,WA98402 		N/A PC General Support 10,000

The American Chestnut Foundation

50 N Merrimon Ave 115
ASHEVILLE,NC28804 		N/A PC General Support 20,000

United Way of Pierce County

1501 Pacific Avenue Suite 400
Tacoma,WA98402 		N/A PC GRIT 2.0 program 100,000

World Central Kitchen

200 Massachusetts Ave NW 7th floor
Washington,DC20001 		N/A PC General Support 25,000
Total .................................right arrow 3a 1,115,565
bApproved for future payment

Bainbridge Island Land Trust
292 Ericksen Ave NE
Bainbridge Island,WA98110 		N/A PC Operations ($70,000), Watershed Initiative ($50,000), and Stand for the Land ($50,000) 170,000

Cascade Public Media
PO Box 84109
Seattle,WA981245409 		N/A PC General Support 40,000

Great Peninsula Conservacy
6536 Kitsap Way
Bremerton,WA98312 		N/A PC Half for General Support and Half for Acquisitions and/or Stewardship 300,000

KUOW
4518 University Way NE Suite 310
Seattle,WA98105 		N/A PC General Support 40,000

National Marine Sanctuary
8455 Coleville Road Suite 1275
Silver Springs,MD20910 		N/A PC Washington CoastSavers marine debris work 112,000

Seattle Foundation
1601 Fifth Avenue Suite 1900
Seattle,WA98101 		N/A PC Seattle Times Climate Lab 25,000

Sustainable Northwest
233 SW NAITO PARKWAY 200
Portland,OR97204 		N/A PC General Support 150,000
Total ................................. right arrow 3b 837,000
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 ....     14 549,975  
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 1,223,458  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSJF VENTURES III, L.P. 		    18 46,869  
bSJF VENTURES IV, L.P.     18 13,758  
cFORTERRA STRONG COMMUNITIES FUND I LP- PRI RENTAL LOSS         -4,088
dFORTERRA STRONG COMMUNITIES FUND I LP - PRI INTEREST INCOME         4
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,834,060 -4,084
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,829,976
(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.)
11A PRI LOSS
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
THE MARTIN FABERT FOUNDATION
C/O PMNW LLC
Employer identification number

36-4437950
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
THE MARTIN FABERT FOUNDATION
C/O PMNW LLC 		Employer identification number
36-4437950
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
GERALDINE MARTIN CHARITABLE TRUST
 
35 JUNIPER ROAD
 
ANDOVER, MA01910

$ 2,852,783


(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.)
(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
THE MARTIN FABERT FOUNDATION
C/O PMNW LLC 		Employer identification number

36-4437950
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
 
$    
(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
 
$    
(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
THE MARTIN FABERT FOUNDATION
C/O PMNW LLC 		Employer identification number

36-4437950
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:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PMNW LLC 10,000 2,000   8,000

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

TY 2024 ExpenditureResponsibilityStmt
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
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
FORTERRA STRONG COMMUNITIES FUND I LP
  		5101 14TH AVE NW SUITE 200 307
SEATTLE,WA98107 		2017-04-17 438,344 PROGRAM RELATED EQUITY INVESTMENT TO PROTECT LAND AND MAINTAIN AFFORDABLE HOUSING IN WASHINGTON STATE 438,344 NO 05/18/18, 2/28/19, 3/31/20, 3/31/21, 3/31/22, 3/31/23, 3/31/24, 3/31/25   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE INFORMATION FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
OBSERVER MEDIA GROUP INC
  		802 - 207 W Hastings Street
Vancouver,BCV6B 1H7
CA 		2018-08-16 100,000 PROGRAM RELATED EQUITY INVESTMENT TO SUPPORT INDEPENDENT, NONPARTISAN JOURNALISM ON CLIMATE, ENERGY, AND ENVIRONMENTAL MATTERS 100,000 NO 10/09/19, 11/27/20, 01/27/22, 9/23/22, 9/08/23, 9/13/24, 6/30/25 FINAL   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE INFORMATION FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

TY 2024 GeneralExplanationAttachment
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Identifier Return Reference Explanation
OTHER - "MODIFIED CASH" FORM 990-PF, PART J, ACCOUNTING METHOD The Foundation uses the modified cash basis of accounting. Income is recorded when received and expenses are recorded when paid. Publicly Traded Investments are recorded at fair market value and grant commitments approved but not yet disbursed are disclosed as payable for financial reporting purposes without affecting the cash-basis recognition of revenue and expenses.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Name of Bond End of Year Book Value End of Year Fair Market Value
APPLE INC 244,620 244,620
ASTRAZENECA FIN LLC 243,332 243,332
BANK OF MONTREAL 244,955 244,955
CELANESE US HOLDINGS 165,659 165,659
GOLDMAN SACHS 250,280 250,280
LABORATORY CORP AMER 243,472 243,472
MORGAN STANLEY (1) 254,328 254,328
MORGAN STANLEY (2) 243,895 243,895
SCHWAB CHARLES CORP 243,975 243,975
SOUTHWESTERN ELEC PWR 245,105 245,105
AMERICAN EXPRESS CO 252,468 252,468
MASTEC INC 258,565 258,565

TY 2024 InvestmentsCorpStockSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Name of Stock End of Year Book Value End of Year Fair Market Value
TE CONNECTIVITY 843,350 843,350
ABM INDUSTRIES 306,865 306,865
ALLISON TRANSMISSION 854,910 854,910
ALLY FINANCIAL 486,875 486,875
ALPHABET INC 881,150 881,150
AMERICAN INTL GROUP 941,490 941,490
CVS HEALTH 448,370 448,370
CENTENE CORP 434,240 434,240
COREBRIDGE FINL 958,500 958,500
FISERV INC 775,845 775,845
INTERPUBLIC GROUP 514,080 514,080
KENVUE INC 209,300 209,300
LIBERTY BROADBAND 649,308 649,308
MASCO CORP 579,240 579,240
MASTERCARD INC 983,395 983,395
WARNER BROS DISCOVERY 355,260 355,260
WENDYS CO 199,850 199,850
AIRBNB INC 198,510 198,510
AMAZON COM INC 456,551 456,551
KEURIG DR PEPPER 314,070 314,070
SCHWAB CHARLES CORP (EQUITY) 638,680 638,680
SYSCO CORP 454,440 454,440
VAIL RESORTS 219,982 219,982

TY 2024 InvestmentsGovtObligationsSch
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
US Government Securities - End of Year Book Value:

2,954,085
US Government Securities - End of Year Fair Market Value:

2,954,085
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SJF VENTURES III, LP AT COST 239,457 239,457
SJF VENTURES IV, LP AT COST 281,121 281,121
OBSERVER MEDIA GROUP INC AT COST 100,000 100,000

TY 2024 OtherAssetsSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
FORTERRA STRONG COMMUNITIES FUND I LP - PRI 396,646 206,547 206,547


TY 2024 OtherDecreasesSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Description Amount
CHANGE IN GRANTS PAYABLE 292,000


TY 2024 OtherExpensesSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 98 0   98
STATE LICENSES AND FILING FEES 180 0   180
OFFICE EXPENSES 580 0   580


TY 2024 OtherIncomeSchedule2
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SJF VENTURES III, L.P. 46,869 46,869 46,869
SJF VENTURES IV, L.P. 13,758 13,758 13,758
FORTERRA STRONG COMMUNITIES FUND I LP- PRI RENTAL LOSS -4,088   -4,088
FORTERRA STRONG COMMUNITIES FUND I LP - PRI INTEREST INCOME 4   4


TY 2024 OtherIncreasesSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Description Amount
CHANGE IN ASSETS FMV 154,575


TY 2024 OtherLiabilitiesSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Description Beginning of Year - Book Value End of Year - Book Value
EXCISE TAX DUE 6,858 0


TY 2024 OtherProfessionalFeesSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HARRIS ASSOCIATES - INVESTMENT MGMT. FEES 106,389 106,389   0
Seismic Philanthropy 20,000 0   20,000
FMG LLC- MANAGEMENT FEES 17,000 3,400   13,600


TY 2024 TaxesSchedule
Name:
THE MARTIN FABERT FOUNDATION
 
C/O PMNW LLC
EIN:
36-4437950
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 49 49   0
CURRENT YEAR EXCISE TAXES 23,904 0   0