﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-05-24T15:08:48-05:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>753053479</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ROBERT A UNDERHILL PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>601 UNION STREET SUITE 3300</AddressLine1>
        <City>SEATTLE</City>
        <State>WA</State>
        <ZIPCode>98101</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>204570879</EIN>
      <Name>
        <BusinessNameLine1>THE MAPLEWOOD FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>MAPL</NameControl>
      <Phone>4257746107</Phone>
      <USAddress>
        <AddressLine1>110 W DAYTON NO 103</AddressLine1>
        <City>EDMONDS</City>
        <State>WA</State>
        <ZIPCode>98020</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>LYSBETH HUSTLER</Name>
      <Title>PRESIDENT</Title>
      <Phone>4257746107</Phone>
      <DateSigned>2013-05-24</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>RAINELLE MCLAUGHLIN</Name>
      <PTIN>P00477237</PTIN>
      <Phone>2063573033</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>552722</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>10593</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>10593</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>9325</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>9325</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>36515</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>189914</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>36515</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="RetDoc2001500001">387</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>411</OtherIncomeNetInvstIncm>
        <TotalRevenueAndExpenses>56820</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>56844</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>0</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>0</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>0</CompOfcrDirTrstDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2002200001">3600</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>0</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>0</AccountingFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc2002500001">100</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>43</TaxesNetInvstIncm>
        <TaxesDsbrsChrtblPrps>0</TaxesDsbrsChrtblPrps>
        <OccupancyRevAndExpnss>16059</OccupancyRevAndExpnss>
        <OccupancyNetInvstIncm>0</OccupancyNetInvstIncm>
        <OccupancyDsbrsChrtblPrps>0</OccupancyDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">6468</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>4862</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>86</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>26227</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>4905</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>86</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>40800</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>40800</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>67027</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>4905</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>40886</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-10207</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>51939</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>26382</CashBOY>
        <CashEOY>32452</CashEOY>
        <CashEOYFMV>32452</CashEOYFMV>
        <InvestmentsCorpStockBOY>311476</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc2018900001">261122</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>329890</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>112907</InvestmentsCorpBondsBOY>
        <InvestmentsOtherBOY>38578</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="RetDoc2018100001">185496</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>190380</InvestmentsOtherEOYFMV>
        <OtherAssetsBOY referenceDocumentId="RetDoc2046600001">6179</OtherAssetsBOY>
        <OtherAssetsEOY referenceDocumentId="RetDoc2046600001">8745</OtherAssetsEOY>
        <OtherAssetsEOYFMV referenceDocumentId="RetDoc2046600001">0</OtherAssetsEOYFMV>
        <TotalAssetsBOY>495522</TotalAssetsBOY>
        <TotalAssetsEOY>487815</TotalAssetsEOY>
        <TotalAssetsEOYFMV>552722</TotalAssetsEOYFMV>
        <LoansFromOfficersEOY>2500</LoansFromOfficersEOY>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>2500</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>495522</RetainedEarningsBOY>
        <RetainedEarningsEOY>485315</RetainedEarningsEOY>
        <TotalNetAssetsBOY>495522</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>485315</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>495522</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>487815</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>495522</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-10207</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>485315</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>485315</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>FROM K-1 - ENTERPRISE PRODUCTS PARTNERS LP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>24</GainOrLoss>
          <GainsMinusExcessOrLosses>24</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>FROM K-1 - WILLIAMS PARTNERS, LP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>1</GainOrLoss>
          <GainsMinusExcessOrLosses>1</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>MORGAN STANLEY SMITH BARNEY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>8421</GrossSalesPrice>
          <CostOrOtherBasis>7104</CostOrOtherBasis>
          <GainOrLoss>1317</GainOrLoss>
          <GainsMinusExcessOrLosses>1317</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>MORGAN STANLEY SMITH BARNEY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>91894</GrossSalesPrice>
          <CostOrOtherBasis>60633</CostOrOtherBasis>
          <GainOrLoss>31261</GainOrLoss>
          <GainsMinusExcessOrLosses>31261</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>TD AMERITRADE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>11279</GrossSalesPrice>
          <CostOrOtherBasis>13077</CostOrOtherBasis>
          <GainOrLoss>-1798</GainOrLoss>
          <GainsMinusExcessOrLosses>-1798</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>TD AMERITRADE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>78285</GrossSalesPrice>
          <CostOrOtherBasis>72610</CostOrOtherBasis>
          <GainOrLoss>5675</GainOrLoss>
          <GainsMinusExcessOrLosses>5675</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CAPITAL GAINS DIVIDENDS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>35</GrossSalesPrice>
          <GainOrLoss>35</GainOrLoss>
          <GainsMinusExcessOrLosses>35</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>36515</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>45182</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>597245</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.075651</DistributionRatioYear1>
        <QualifyingDistributionsYear2>61572</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>601148</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.102424</DistributionRatioYear2>
        <QualifyingDistributionsYear3>69830</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>546632</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.127746</DistributionRatioYear3>
        <QualifyingDistributionsYear4>44986</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>686724</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.065508</DistributionRatioYear4>
        <QualifyingDistributionsYear5>74966</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>762840</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.098272</DistributionRatioYear5>
        <TotalDistributionRatio>0.469601</TotalDistributionRatio>
        <AverageDistributionRatio>0.093920</AverageDistributionRatio>
        <NetNoncharitableAssets>557805</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>52389</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>519</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>52908</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>40886</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>1039</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>1039</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>1039</TaxBasedOnInvestmentIncome>
        <TaxPaidWithExtension>1500</TaxPaidWithExtension>
        <TotalCreditsAndPayments>1500</TotalCreditsAndPayments>
        <Overpayment>461</Overpayment>
        <AmountCreditedToNextYear>461</AmountCreditedToNextYear>
        <AmountToBeRefunded>0</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>1</UnrelatedBusIncomeOver1000>
        <Form990TFiled>1</Form990TFiled>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>1</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <StatesFiledWith>WA</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>THE FOUNDATION</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>4257746107</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>110 W DAYTON NO 103</AddressLine1>
          <City>EDMONDS</City>
          <State>WA</State>
          <ZIPCode>98020</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>0</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>0</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ANDREW J HUSTLER</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 1283</AddressLine1>
            <City>EDMONDS</City>
            <State>WA</State>
            <ZIPCode>98020</ZIPCode>
          </USAddress>
          <Title>CO-TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LYSBETH C HUSTLER</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 1283</AddressLine1>
            <City>EDMONDS</City>
            <State>WA</State>
            <ZIPCode>98020</ZIPCode>
          </USAddress>
          <Title>CO-TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>533490</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>32809</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>566299</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>566299</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>8494</CashDeemedCharitable>
        <NetNoncharitableAssets>557805</NetNoncharitableAssets>
        <MinimumInvestmentReturn>27890</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>27890</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>1039</TaxBasedOnInvestmentIncome>
        <IncomeTaxForThisYear>105</IncomeTaxForThisYear>
        <TotalTax>1144</TotalTax>
        <DistributableAmountBeforeAdj>26746</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>26746</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>26746</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>40886</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>40886</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>40886</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>26746</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <ExcessDistriCarryoverYear5>44249</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>11722</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>43028</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>32351</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>15836</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>147186</TotalExcessDistriCarryover>
        <QualifyingDistributions>40886</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>26746</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>14140</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>161326</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>44249</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>117077</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>11722</ExcessFromYear4>
        <ExcessFromYear3>43028</ExcessFromYear3>
        <ExcessFromYear2>32351</ExcessFromYear2>
        <ExcessFromYear1>15836</ExcessFromYear1>
        <ExcessFromCurrentYear>14140</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>ANDREW J HUSTLER</ContributingManager>
        <ContributingManager>LYSBETH C HUSTLER</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CADENCE INTERNATIONAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>101 WEST JEFFERSON AVE</AddressLine1>
            <City>ENGLEWOOD</City>
            <State>CO</State>
            <ZIPCode>80110</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>10800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DISPLACE ORPHANS INTERNATIONAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 365</AddressLine1>
            <City>FREELAND</City>
            <State>WA</State>
            <ZIPCode>98249</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW LIFE ADOPTION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>11 N CHELAN AVENUE</AddressLine1>
            <City>WENATCHEE</City>
            <State>WA</State>
            <ZIPCode>98801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NORTH SOUND CHURCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>404 BELL ST</AddressLine1>
            <City>EDMONDS</City>
            <State>WA</State>
            <ZIPCode>98020</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>CHURCH</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST MARK'S CHURCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6020 BEACON AVENUE SOUTH</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98108</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>CHURCH</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>40800</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>10593</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>9325</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <OtherInvestmentIncomePartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>387</ExclusionAmount>
        </OtherInvestmentIncomePartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>36515</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>56820</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>56820</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>TAX PREPARATION FEES</Category>
        <Amount>3600</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>COMMON STOCKS &amp; OPTIONS</NameOfStock>
        <EOYBookValue>261122</EOYBookValue>
        <EOYFMV>329890</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOther>
        <CategoryOrItem>CLOSED END FUNDS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>31784</BookValue>
        <EOYFMV>27548</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>FIXED INCOME</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>153712</BookValue>
        <EOYFMV>162832</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssets>
        <Description>BOOK TAX DIFFERENCE</Description>
        <BOYBookValue>4264</BOYBookValue>
        <EOYBookValue>4248</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DISALLOWED PASSIVE ACTIVITY LOSSES - ENTERPRISE PRODUCTS PARTNERS LP</Description>
        <BOYBookValue>1310</BOYBookValue>
        <EOYBookValue>2323</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DISALLOWED PASSIVE ACTIVITY LOSSES - EL PASO PIPELINE PARTNERS LP</Description>
        <EOYBookValue>109</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DISALLOWED PASSIVE ACTIVITY LOSSES - TC PIPELINES LP</Description>
        <BOYBookValue>605</BOYBookValue>
        <EOYBookValue>1237</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DISALLOWED PASSIVE ACTIVITY LOSSES - TEEKAY LNG PARTNERS LP</Description>
        <EOYBookValue>39</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DISALLOWED PASSIVE ACTIVITY LOSSES - WILLIAMS PARTNERS LP</Description>
        <EOYBookValue>789</EOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>INVESTMENT EXPENSES</Description>
        <RevenueAndExpensesPerBooks>4854</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>4854</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER</Description>
        <RevenueAndExpensesPerBooks>1520</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ROYALTY DEDUCTIONS</Description>
        <RevenueAndExpensesPerBooks>8</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>8</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SCRAPBOOKING SUPPLIES</Description>
        <RevenueAndExpensesPerBooks>86</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>86</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>FROM K-1 - EL PASO PIPELINE PARTNERS LP</Description>
        <RevenueAndExpensesPerBooks>7</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>7</NetInvestmentIncome>
        <AdjustedNetIncome>7</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>FROM K-1 - TEEKAY LNG PARTNERS, LP</Description>
        <RevenueAndExpensesPerBooks>4</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>4</NetInvestmentIncome>
        <AdjustedNetIncome>4</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>ROYALTIES</Description>
        <RevenueAndExpensesPerBooks>411</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>411</NetInvestmentIncome>
        <AdjustedNetIncome>411</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>PASSIVE ACTIVITY LOSSES ALLOWED</Description>
        <RevenueAndExpensesPerBooks>-37</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-13</NetInvestmentIncome>
        <AdjustedNetIncome>-37</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>FROM K-1 - ENERGY TRANSFER PARTNERS LP</Description>
        <RevenueAndExpensesPerBooks>2</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>2</NetInvestmentIncome>
        <AdjustedNetIncome>2</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>FOREIGN</Category>
        <Amount>43</Amount>
        <NetInvestmentIncome>43</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>EXCISE TAX</Category>
        <Amount>57</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>