<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2020v4.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2021-05-14T18:15:24-05:00</ReturnTs>
    <TaxPeriodEndDt>2020-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>FOUNDATION MANAGEMENT GROUP LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1000 2ND AVE 34TH FLOOR</AddressLine1Txt>
        <CityNm>SEATTLE</CityNm>
        <StateAbbreviationCd>WA</StateAbbreviationCd>
        <ZIPCd>981041022</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2020-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>911817398</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>TEW FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% FOUNDATION MGMT GROUP LLC</InCareOfNm>
      <BusinessNameControlTxt>TEWF</BusinessNameControlTxt>
      <PhoneNum>2066670300</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
        <CityNm>SEATTLE</CityNm>
        <StateAbbreviationCd>WA</StateAbbreviationCd>
        <ZIPCd>981041022</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>DANIEL ASHER</PersonNm>
      <PersonTitleTxt>SECRETARY</PersonTitleTxt>
      <PhoneNum>2066670300</PhoneNum>
      <SignatureDt>2021-05-12</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>DANIEL</PersonFirstNm>
        <PersonLastNm>ASHER</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>MADALINA DOBRA</PreparerPersonNm>
      <PTIN>P01327561</PTIN>
      <PhoneNum>2066670300</PhoneNum>
      <PreparationDt>2021-05-10</PreparationDt>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>2</TrustedCustomerCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2020</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="14">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>16171716</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>4886495</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>171941</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>171942</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>0</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>5507874</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>7989712</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>5507874</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">39900</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>39900</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>0</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>10606210</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>5719716</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>0</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">100637</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>79637</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>0</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>21000</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">80995</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>2342</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">148</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>0</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>148</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>181780</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>81979</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>21148</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>2574000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>2574000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>2755780</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>81979</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>2595148</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>7850430</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>5637737</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>18192</CashBOYAmt>
        <CashEOYAmt>12999</CashEOYAmt>
        <CashEOYFMVAmt>12999</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>333540</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>792010</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>792010</SavAndTempCashInvstEOYFMVAmt>
        <GrantsReceivableBOYAmt>0</GrantsReceivableBOYAmt>
        <GrantsReceivableEOYAmt>60000</GrantsReceivableEOYAmt>
        <GrantsReceivableEOYFMVAmt>60000</GrantsReceivableEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>391193</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="InvGovtObligSch">370754</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>370754</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>8660195</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">11932936</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>11932936</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>1484355</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestCorpBondsSch">2215017</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>2215017</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>563000</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvOtherSch2">788000</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>788000</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt>0</OtherAssetsBOYAmt>
        <TotalAssetsBOYAmt>11450475</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>16171716</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>16171716</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabSch">9354</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabSch">59093</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>9354</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>59093</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>11441121</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>16112623</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>11441121</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>16112623</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>11450475</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>16171716</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>11441121</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>7850430</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSch">220872</OtherIncreasesAmt>
        <SubtotalAmt>19512423</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSch">3399800</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>16112623</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES - SHORT TERM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>142875</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>164143</CostOrOtherBasisAmt>
          <GainOrLossAmt>-21268</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-21268</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>5,505 SHS TESLA INC</PropertyDesc>
          <HowAcquiredCd>D</HowAcquiredCd>
          <AcquiredDt>2011-02-24</AcquiredDt>
          <SoldDt>2020-10-16</SoldDt>
          <GrossSalesPriceAmt>2471317</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24226</CostOrOtherBasisAmt>
          <GainOrLossAmt>2447091</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2447091</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES - LONG TERM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>3015064</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2287708</CostOrOtherBasisAmt>
          <GainOrLossAmt>727356</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>727356</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>30,323 SHS PACCAR INC.</PropertyDesc>
          <HowAcquiredCd>D</HowAcquiredCd>
          <AcquiredDt>1950-01-01</AcquiredDt>
          <SoldDt>2020-01-06</SoldDt>
          <GrossSalesPriceAmt>2356203</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5761</CostOrOtherBasisAmt>
          <GainOrLossAmt>2350442</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2350442</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PFIZER INC CLASS ACTION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>59</GrossSalesPriceAmt>
          <GainOrLossAmt>59</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>59</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>4194</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>4194</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>4194</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>4194</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>4194</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>5507874</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>78365</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>78365</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>78365</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>19560</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <TotalPaymentsAndCreditsAmt>19560</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>288</EsPenaltyAmt>
        <TaxDueAmt>59093</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>WA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>FOUNDATION MGMT GROUP LLC</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2066670300</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
          <CityNm>SEATTLE</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>981041022</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANN P WYCKOFF</PersonNm>
          <USAddress>
            <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>981041022</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAUL L WYCKOFF</PersonNm>
          <USAddress>
            <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>981041022</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARTHA WYCKOFF</PersonNm>
          <USAddress>
            <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>981041022</ZIPCd>
          </USAddress>
          <TitleTxt>director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SHEILA WYCKOFF-DICKEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>981041022</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUSAN POHL</PersonNm>
          <USAddress>
            <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>981041022</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALISON MILLIMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>981041022</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT/director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DANIEL M ASHER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>981041022</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>11032101</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1735214</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>788000</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>13555315</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>13555315</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>203330</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>13351985</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>667599</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>667599</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>78365</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>78365</TotalTaxAmt>
        <DistributableBeforeAdjAmt>589234</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>589234</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>589234</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>2595148</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>2595148</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>2595148</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>589234</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2018</PriorYear1Yr>
        <PriorYear2Yr>2017</PriorYear2Yr>
        <PriorYear3Yr>2016</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>67374</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>63543</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>117580</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr1Amt>46089</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>294586</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>2595148</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>589234</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>2005914</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>2300500</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>67374</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>2233126</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>63543</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>117580</ExcessFromYear3Amt>
        <ExcessFromYear1Amt>46089</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>2005914</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp></PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>ANN P WYCKOFF</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ATTACHMENT A</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1000 SECOND AVENUE</AddressLine1Txt>
            <AddressLine2Txt>34TH FLOOR</AddressLine2Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ATTACHMENT A</GrantOrContributionPurposeTxt>
          <Amt>2574000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2574000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>171941</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>5507874</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>INCOME FROM PASSTHROUGH ENTIT. - AUBURN SHOPP. CTR</Desc>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>39900</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>5719715</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>5719715</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>ANN WYCKOFF</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
          <CityNm>SEATTLE</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>98104</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2372775</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>ANN WYCKOFF</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1000 SECOND AVENUE 34TH FLOOR</AddressLine1Txt>
          <CityNm>SEATTLE</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>98104</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2513720</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>30,323 SHARES PACCAR INC</NoncashPropertyDesc>
        <FairMarketValueAmt>2372775</FairMarketValueAmt>
        <ReceivedDt>2020-01-03</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>2</ContributorNum>
        <NoncashPropertyDesc>5,505 SHARES TESLA INC.</NoncashPropertyDesc>
        <FairMarketValueAmt>2513720</FairMarketValueAmt>
        <ReceivedDt>2020-10-14</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORP. OBLG AND MUTUAL FUNDS</BondNm>
        <EOYBookValueAmt>2215017</EOYBookValueAmt>
        <EOYFMVAmt>2215017</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES - SEE ATTACHMENT B</StockNm>
        <EOYBookValueAmt>11932936</EOYBookValueAmt>
        <EOYFMVAmt>11932936</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>370754</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>370754</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVEST. IN AUBURN SHOPPING LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>788000</BookValueAmt>
        <EOYFMVAmt>788000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS ON INVESTMENTS</Desc>
        <Amt>3399800</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>LICENSE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>123</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>123</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>INCOME FROM AURBURN SHOPPING CENTER</Desc>
        <RevenueAndExpensesPerBooksAmt>39900</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>39900</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN ON AUBURN SHOPPING CTR.</Desc>
        <Amt>220872</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilitiesDetail>
        <Desc>FEDERAL INCOME TAX EXPENSE</Desc>
        <BOYBookValueAmt>9354</BOYBookValueAmt>
        <EOYBookValueAmt>59093</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BROKER FEES - WELLS FARGO</CategoryTxt>
        <Amt>72637</Amt>
        <NetInvestmentIncomeAmt>72637</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEE - FMG</CategoryTxt>
        <Amt>28000</Amt>
        <NetInvestmentIncomeAmt>7000</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>21000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX EXPENSE</CategoryTxt>
        <Amt>2342</Amt>
        <NetInvestmentIncomeAmt>2342</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>78653</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
