2022-05-13T16:29:50-05:00 2021-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990PF 2020-07-01 911160492 WASHINGTON RESEARCH LICENSING FOUNDATION WASH 2063365539 2815 EASTLAKE AVENUE EAST NO 300 SEATTLE WA 98102 MORGAN HELLER CFO 2063365539 2022-05-12 1 MORGAN HELLER 999009999 JENNIFER BECKER HARRIS P00183358 4254544919 2022-05-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X 6493366 X X 12057 12057 642612 649219 99883 99883 -57965 819215 24370313 614394 6987 5304 1580754 1380857 766678 235446 531232 345881 311987 298229 307614 0 307614 93722 30783 62939 94693 31518 69180 210153 46715 166910 226372 0 0 12204 4062 126955 42257 36078 20734 6901 13833 5000 1664 3336 790670 136859 697347 3000676 848192 2186698 25967575 -1930206 28968251 848192 256492 -27387497 532665 1327365 2231313 2231313 3872737 2059614 2059614 11060 68900 246553 0 235053 246553 246553 820889 99977 99977 23807630 0 0 3983377 1423173 1423173 756673 693546 72479 63127 63127 1102560 369609 369609 35302050 6493366 6493366 3266444 740580 140000 105000 3406444 845580 X 31895606 5647786 31895606 5647786 35302050 6493366 31895606 -27387497 1139677 5647786 0 5647786 CAPITAL GAIN ON EXEMPT USE ASSETS P 526174 320577 205597 205597 ALLIANCE OF ANGELS SEED FUND, LLC - PASS-THROUGH P 2019-07-01 2021-06-30 122401 122401 122401 ARCH VENTURE FUND VI, LP - PASS-THROUGH P 2019-07-01 2021-06-30 18061 18061 18061 ARCH VENTURE FUND VII, LP - PASS-THROUGH P 2019-07-01 2021-06-30 193897 -193897 -193897 TECHSTARTS SEATTLE 2012, LLC - PASS-THROUGH P 2019-07-01 2021-06-30 1288 1288 1288 MARKETABLE SECURITIES P 24370313 25040702 -670389 -670389 CLASS ACTION PROCEEDS P 2019-07-01 2021-06-30 10608 10608 10608 ARCH VI P 2019-07-01 2021-06-30 968863 968863 968863 ARCH VII P 2019-07-01 2021-06-30 1381207 1381207 1381207 ANSWERDASH P 2019-07-01 2021-06-30 1101828 -1101828 -1101828 VICIS P 2019-07-01 2021-06-30 133219 -133219 -133219 VOYAGER P 2019-07-01 2021-06-30 5702 5702 5702 ALLIANCE OF ANGELS P 2019-07-01 2021-06-30 83409 83409 0 0 P 0 0 614394 7404 0 7404 0 7404 59944 0 0 0 59944 0 52540 52540 0 0 0 0 0 0 0 0 0 1 1 1 1 1 WA 1 0 0 1 0 1 WWW.WRFSEATTLE.ORG MORGAN HELLAR 2063365539 2815 EASTLAKE AVE E 300 SEATTLE WA 98102 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 RONALD HOWELL 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 CEO & PRESIDENT (THRU 4/2021) 40.00 338229 24010 0 JEFF EBY 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 CFO/ACTING CEO/TREASURER/SECRETARY 40.00 238678 18838 0 C KENT CARLSON 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 CHAIRMAN 4.00 7400 0 0 MORGAN HELLAR 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 CFO 40.00 146371 20541 0 ADRIANE BROWN 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR 2.00 3400 0 0 JACQUELINE BRAINARD EMAMI 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR 2.00 4400 0 0 TOM CABLE 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR 2.00 4000 0 0 KEVIN CABLE 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR 2.00 4400 0 0 SUE COLITON 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR 2.00 3000 0 0 DR DAVID GALAS 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR 2.00 3000 0 0 BROOKS SIMPSON 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 CHAIRMAN 4.00 7400 0 0 JAMES R UHLIR 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR 2.00 6400 0 0 LORETTA LITTLE 2815 EASTLAKE AVE EAST SUITE 300 SEATTLE WA 98102 MANAGING DIRECTOR 40.00 238908 26752 0 WILLIAM CANESTARO 2815 EASTLAKE AVE EAST SUITE 300 SEATTLE WA 98102 MANAGING DIRECTOR 40.00 238500 24482 0 KIMBERLY EMMONS 2815 EASTLAKE AVE EAST SUITE 300 SEATTLE WA 98102 MANAGER, RESEARCH SE 40.00 189916 25851 0 DAVID SHOULTZ 2815 EASTLAKE AVE EAST SUITE 300 SEATTLE WA 98102 DIRECTOR, GRANT PROG 40.00 155000 26025 0 PHILIP DALE WADMAN 2815 EASTLAKE AVE EAST SUITE 300 SEATTLE WA 98102 COMMUNICATIONS MANAG 40.00 135964 20946 0 1 CLARK NUBER PS 10900 NE 4TH ST STE 1400 BELLEVUE WA 98004 AUDIT/TAX SERVICES 94693 K&L GATES 925 FOURTH AVE STE 2900 SEATTLE WA 98104 LEGAL SERVICES 92484 EMBER ONE 1137-B 25TH AVE SEATTLE WA 98122 SYSTEMS SUPPORT SERVICES 62808 0 ASSIST ELIGIBLE INSTITUTIONS TO APPLY FOR PATENTS RELATED TO DISCOVERIES, INVENTIONS, AND PROCESSES RESULTING FROM THEIR RESEARCH AND TO MANAGE PATENT RIGHTS. 83280 PROMOTE, ENCOURAGE, AND SUPPORT SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS. (RELATED GRANTS: $70,000) 608596 0 2266265 432739 289027 2988031 0 0 2988031 44820 2943211 147161 147161 7404 5731 13135 134026 11716 145742 0 145742 256492 0 256492 0 256492 145742 0 0 73939 127209 201148 256492 0 0 0 145742 110750 0 0 311898 0 0 0 0 0 0 0 311898 73939 127209 110750 X UNIVERSITY OF WASHINGTON 311 GERBERDING HALL BOX 351210 SEATTLE WA 98199 NONE GOV - 170(C)(1) DR. DAVID GINGER, RETENTION AT CLEAN ENERGY INST 35000 UNIVERSITY OF WASHINGTON 311 GERBERDING HALL BOX 351210 SEATTLE WA 98199 NONE GOV - 170(C)(1) DR. DAVID GINGER, RETENTION AT CLEAN ENERGY INST 35000 WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 NONE PF - PRIVATE FOUNDAT CAPITAL GRANT OF ASSETS, SEE STATEMENT 15 FOR THE GRANT PURPOSE. CASH - $23,953,848; PRIVATELY HELD INVESTMENTS - $2,013,727BOOK VALUE OF CONTRIBUTED PROPERTY: $25,967,575VALUATION METHOD: FAIR MARKET VALUEDATE OF GIFT: VARIOUS 25967575 WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 NONE PF - PRIVATE FOUNDAT PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. -25967575 WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 NONE PF - PRIVATE FOUNDAT PORTION OF QUALIFYING DISTRIBUTIONS ATTRIBUTABLE TO THE FOUNDATION AS PART OF THE SIGNIFICANT DISTRIBUTION OF ASSETS FROM WASHINGTON RESEARCH FOUNDATION (46-4105873) DURING THE YEAR, PURSUANT TO TREAS REG 1.507-3. -2000206 -1930206 0 14 12057 14 642612 -57965 18 613618 205597 ROYALTY & LICENSE 6334 REIMBURSEMENTS 653 0 1268287 154619 1422906 5B PROGRAM-RELATED RENTAL INCOME 8 CAPITAL GAINS FOM EXEMPT ASSETS 11A ROYALTY AND LICENSINGS FROM PROGRAM RELATED ACTIVITIES 11B RETURN OF PRIOR PERIOD QUALIFYING DISTRIBUTIONS 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 94693 31518 69180 WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST STE 300 SEATTLE WA 98102 SIGNIFICANT TRANSFER OF ASSETS TO A CONTROLLED ENTITY. THESE DISTRIBUTIONS DO NOT CONSTITUTE A FINAL DISTRIBUTION OF THE FOUNDATION'S ASSETS. WASHINGTON RESEARCH LICENSING FOUNDATION HAS NO PLANS TO TERMINATE AT THIS TIME. 25967575 WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 2018-06-30 1595142 (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. 1595142 NONE 5/3/2019, 5/8/2020, 4/8/2021 (FINAL) THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 2019-06-30 9129809 (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. 9129809 NONE 5/8/2020, 4/8/2021 THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 2020-06-30 1864405 (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. 1864405 NONE 4/8/2021 THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST SUITE 300 SEATTLE WA 98102 2021-06-30 25967575 (A) TO BENEFIT EDUCATIONAL INSTITUTIONS OF THE STATE OF WASHINGTON OR PRIVATE EDUCATIONAL OR SCIENTIFIC RESEARCH INSTITUTIONS LOCATED WITHIN THE STATE OF WASHINGTON THAT ARE EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE, ALL OF WHICH ARE HEREIN REFERRED TO AS "ELIGIBLE INSTITUTIONS;(B) TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; TO PROVIDE OR ASSIST IN PROVIDING MEANS BY WHICH THEIR SCIENTIFIC DISCOVERIES, INVENTIONS AND PROCESSES MAY BE DEVELOPED, APPLIED AND PATENTED; TO PROMOTE UTILIZATION OR DISPOSITION OF SUCH DISCOVERIES, INVENTIONS AND PROCESSES AND PATENT RIGHTS OR INTERESTS THEREIN TO PROVIDE FUNDS FOR AND TO STIMULATE AND PROMOTE FURTHER INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS;(C) TO DISTRIBUTE THE ASSETS FOR SCIENTIFIC INVESTIGATION AND RESEARCH AT ELIGIBLE INSTITUTIONS; AND(D) TO USE AND ADMINISTER GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF ELIGIBLE INSTITUTIONS. 25967575 NONE IN PROCESS THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. FORM 990-PF, PARTS X, XI, XII, AND XIII WASHINGTON RESEARCH LICENSING FOUNDATION GRANTED SIGNIFICANT ASSETS TO WASHINGTON RESEARCH FOUNDATION (EIN: 46-4105873), AS SUCH THE TAX ATTRIBUTES HAVE BEEN RESTATED AND REPORTED ON WASHINGTON RESEARCH LICENSING FOUNDATION'S 2020 FORM 990-PF. THEREFORE, ON THE RETURN THE FOLLOWING ADJUSTMENTS HAVE MADE TO REFLECT THE GRANT: WASHINGTON RESEARCH LICENSING FOUNDATION'S MINIMUM INVESTMENT RETURN CALCULATION REPORTED IN PART X, DISTRIBUTABLE AMOUNT REPORTED IN PART XI (INCLUDING LINE 4 ADJUSTMENTS), QUALIFYING DISTRIBUTIONS REPORTED IN PARTS I & XII, AND THE UNDISTRIBUTED INCOME IN PART XIII. FORM 990-PF, PART VIII, LINE 1: AFTER MORE THAN 30 YEARS OF SERVICE, RONALD HOWELL, CEO & PRESIDENT, ANNOUNCED HIS EARLY RETIREMENT FROM WASHINGTON RESEARCH FOUNDATION DURING THE FISCAL YEAR ENDED JUNE 30, 2021. IN APPRECIATION OF HIS YEARS OF SERVICE AND SUPPORT THOUGH A TRANSITION PERIOD DURING THE FISCAL YEAR, MR. HOWELL RECEIVED A SEPARATION PAYMENT, WHICH WAS DETERMINED TO BE REASONABLE FOR THE PURPOSES OF THE EXCEPTION TO SELF-DEALING UNDER SEC. 53.4941(D)-3(C). INVESTMENT IN START-UP COMPANIES FMV 1423173 1423173 LEASEHOLD IMPROVEMENTS 359131 309434 49697 49697 EQUIPMENT 216260 204241 12019 12019 FURNITURE & FIXTURES 181282 179871 1411 1411 THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS. DURING FISCAL YEAR JUNE 30, 2021, WASHINGTON RESEARCH LICENSING FOUNDATION MADE MULTIPLE DISTRIBUTIONS FROM SOURCES OTHER THAN CURRENT INCOME RESULTING IN A SUBSTANTIAL CONTRACTION. THESE DISTRIBUTIONS DO NOT CONSTITUTE A FINAL DISTRIBUTION OF THE FOUNDATION'S ASSETS. WASHINGTON RESEARCH LICENSING FOUNDATION HAS NO PLANS TO TERMINATE AT THIS TIME. RECIPIENT'S NAME, EIN AND ADDRESS: WASHINGTON RESEARCH FOUNDATION 46-4105873 ASSETS DISTRIBUTED: PRIVATELY HELD INVESTMENTS CASH 06/30/2021 FMV: $25,967,575 LEGAL FEES 93722 30783 62939 ACCRUED LICENSING FEES 1102560 369609 369609 OFFICE EQUIPMENT & COMMUNICATIONS 30513 10159 21166 VENTURE CENTER 157848 99883 57965 REFERENCE MATERIALS 34078 11343 22735 OFFICE SUPPLIES 11371 6271 5100 BANK CHARGES 2706 901 1805 RESEARCH EXPENSE 554154 6334 588576 EQUITY PARTNERSHIPS 0 1968 0 INCOME FROM EQUITY PARTNERSHIPS 0 -1030 0 ROYALTY & LICENSE 6334 6334 6334 REIMBURSEMENTS 653 653 UNREALIZED GAIN ON INVESTMENTS 1139677 PROFESSIONAL FEES 184395 20957 166910 INVESTMENT MANAGEMENT FEES 25758 25758 0 EXCISE TAXES 56509 0 0 DEFERRED TAXES 169863 0 0 WASHINGTON RESEARCH FOUNDATION 2815 EASTLAKE AVENUE EAST 300 SEATTLE WA 98102 464108573 CAPITAL GRANT OF ASSETS 25967575 25967575