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      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE FOUNDATION'S ONLY CHARITABLE ACTIVITY WAS MAKING GRANTS TO PUBLIC CHARITIES IN SUPPORT OF THEIR PROGRAMS. SEE ATTACHED LIST OF GRANTEES AND GRANT AMOUNTS.</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>20217772</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>22384</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>20240156</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>20240156</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>303602</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>19936554</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>996828</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>996828</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>7960</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>7960</TotalTaxAmt>
        <DistributableBeforeAdjAmt>988868</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>988868</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>988868</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1359236</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1359236</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>988868</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>64163</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>231430</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>546636</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>288051</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>329167</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>1459447</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1359236</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>988868</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>370368</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1829815</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>64163</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>1765652</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>231430</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>546636</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>288051</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>329167</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>370368</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>CHRISTIAN T RICHMOND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>650 S GAINES ST SUITE 1102</AddressLine1Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97239</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5032230036</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTERS, IRC 501(C)(3) EVIDENCE, FINANCIAL STATEMENTS, BOARD OF DIRECTORS</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MARCH 15 AND SEPTEMBER 15</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE ATTACHED SCHEDULE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE ATTACHED SCHEDULE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>C/O 650 S GAINES ST 1102</AddressLine1Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97239</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRO/HUMANITIES/SOCIAL SVC</GrantOrContributionPurposeTxt>
          <Amt>1232339</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1232339</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>696303</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-120376</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>575927</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>575927</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>13015</Amt>
        <NetInvestmentIncomeAmt>6507</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6508</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <CostOrOtherBasisAmt>26862</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>36142</PriorYearDepreciationAmt>
        <ComputationMethodTxt>STRAIGHT LINE</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>3872</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc4">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS AND NOTES</BondNm>
        <EOYBookValueAmt>4825783</EOYBookValueAmt>
        <EOYFMVAmt>4809222</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCKS</StockNm>
        <EOYBookValueAmt>12845325</EOYBookValueAmt>
        <EOYFMVAmt>15425015</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc6">
      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>47662</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>40012</AccumulatedDepreciationAmt>
        <BookValueAmt>7650</BookValueAmt>
        <EOYFMVAmt>7650</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc7">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>3973</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>3973</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc8">
      <OtherDecreasesDetail>
        <Desc>COST BASIS ADJUSTMENT</Desc>
        <Amt>15914</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc9">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>1579</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1579</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>250</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>250</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>50</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>50</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONTRACT SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>1403</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1403</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc10">
      <OtherIncreasesDetail>
        <Desc>REFUND PRIOR YEAR FED TAXES</Desc>
        <Amt>20198</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc11">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>WA PARK/UBS-INVESTMENT FEES</CategoryTxt>
        <Amt>103941</Amt>
        <NetInvestmentIncomeAmt>103941</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>WA PARK-CUSTODIAN FEES</CategoryTxt>
        <Amt>5918</Amt>
        <NetInvestmentIncomeAmt>5918</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc12">
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>5880</Amt>
        <DisbursementsCharitablePrpsAmt>5880</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES PAID</CategoryTxt>
        <Amt>3200</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>STATE TAXES PAID</CategoryTxt>
        <Amt>2199</Amt>
        <DisbursementsCharitablePrpsAmt>2199</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES, DIVIDENDS</CategoryTxt>
        <Amt>6556</Amt>
        <NetInvestmentIncomeAmt>6556</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>