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    <Timestamp>2013-03-06T11:52:39-06:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
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        <BusinessNameLine1>CARLSON ADVISORS LLP</BusinessNameLine1>
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      <PreparerFirmUSAddress>
        <AddressLine1>400 MERCER STREET SUITE 308</AddressLine1>
        <City>SEATTLE</City>
        <State>WA</State>
        <ZIPCode>98109</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>943099112</EIN>
      <Name>
        <BusinessNameLine1>PACIFIC PRINTING INDUSTRIES EDUCATIONAL TRUST</BusinessNameLine1>
      </Name>
      <NameControl>PACI</NameControl>
      <Phone>5032213944</Phone>
      <USAddress>
        <AddressLine1>POBOX 23575</AddressLine1>
        <City>PORTLAND</City>
        <State>OR</State>
        <ZIPCode>97281</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>JULIE VAN SANT</Name>
      <Title>EXECUTIVE DIRECTOR</Title>
      <Phone>5032213944</Phone>
      <DateSigned>2013-02-25</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>DANTE J DRIVER</Name>
      <PTIN>P00635883</PTIN>
      <Phone>2066758012</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="RetDoc1039100001">X</Organization501c3>
      <GrossReceipts>153079</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>2380</ContributionsGiftsGrantsEtc>
      <InvestmentIncome>4786</InvestmentIncome>
      <GrossAmountFromSaleOfAssets>145913</GrossAmountFromSaleOfAssets>
      <CostOtherBasisAndSalesExpenses>130290</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>15623</GainOrLossFromSaleOfAssets>
      <TotalRevenue>22789</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>15000</GrantsAndSimilarAmountsPaid>
      <FeesAndOthPymtToIndContractors>1080</FeesAndOthPymtToIndContractors>
      <OtherExpensesTotal>32488</OtherExpensesTotal>
      <TotalExpenses>48568</TotalExpenses>
      <ExcessOrDeficitForYear>-25779</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>203792</NetAssetsOrFundBalancesBOY>
      <OtherChangesInNetAssets>-138</OtherChangesInNetAssets>
      <NetAssetsOrFundBalancesEOY>177875</NetAssetsOrFundBalancesEOY>
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        <EOY>3399</EOY>
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        <EOY>177875</EOY>
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      <PrimaryExemptPurpose>ENDOWMENT AND SCHOLARSHIPS</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
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        <ProgramServiceExpenses>250</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>250</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>CHRIS FEYRN</PersonName>
        <Title>CHAIR</Title>
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        <PersonName>MIKE KENNA</PersonName>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>GARY LAWTON</PersonName>
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      <OfficerDirectorTrusteeKeyEmpl>
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      <MadeChangesToOrgnzngEtcDoc>0</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>0</OrganizationHadUBI>
      <SubjectToProxyTax>0</SubjectToProxyTax>
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      <DirectIndirectPoliticalExpend>0</DirectIndirectPoliticalExpend>
      <MadeLoansToFromOfficers>0</MadeLoansToFromOfficers>
      <TaxImposedUnderIRC4911>0</TaxImposedUnderIRC4911>
      <TaxImposedUnderIRC4912>0</TaxImposedUnderIRC4912>
      <TaxImposedUnderIRC4955>0</TaxImposedUnderIRC4955>
      <EngagedInExcessBenefitTrans>0</EngagedInExcessBenefitTrans>
      <AmountOfTaxImposedOnOrgMgr>0</AmountOfTaxImposedOnOrgMgr>
      <AmountOfTaxReimbursedByOrg>0</AmountOfTaxReimbursedByOrg>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>OR</StatesWhereCopyOfReturnIsFiled>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>JULES VAN SANT</BusinessNameLine1>
        </NameBusiness>
        <AddressUS>
          <AddressLine1>POBOX 23575</AddressLine1>
          <City>PORTLAND</City>
          <State>OR</State>
          <ZIPCode>97281</ZIPCode>
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        <TelephoneNumber>5032213944</TelephoneNumber>
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      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ForeignOffice>0</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>0</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>0</DoesOrgHaveHospital>
      <TanningServicesProvided>0</TanningServicesProvided>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <EngagePoliticalCmpgnActivities>0</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>0</EngageInLobbyingActivities>
      <OperatingSchool>0</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>0</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>1</FiledScheduleA>
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    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>3649</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus2Years>4117</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1971</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2380</CurrentTaxYear>
        <Total>12117</Total>
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        <CurrentTaxYearMinus2Years>4117</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1971</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2380</CurrentTaxYear>
        <Total>12117</Total>
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        <CurrentTaxYearMinus3Years>5848</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>4984</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>4922</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>4786</CurrentTaxYear>
        <Total>29273</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>41390</TotalSupport>
      <PublicSupportPertcentage170>0.29280</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.28900</PublicSupportPertcentPriorYear>
      <TenPercentTestCurrentYear>X</TenPercentTestCurrentYear>
      <FactsAndCircumstancesTest>PACIFIC PRINTING INDUSTRIES EDUCATION TRUST NORMALLY RECEIVES ALL OF ITS SUPPORT FROM THE PACIFIC PRINTING INDUSTRIES ASSOCIATION AND ITS MEMBERS. TO THE EXTENT THAT SUPPORT IS NOT USED IN A GIVEN YEAR, THE SURPLUS IS INVESTED AND YIELDS INTEREST AND DIVIDENTS REPORTED ON SCHEDULE A, SECTION B, LINE 8.THE EDUCATION TRUST IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUAL BASIS. IT HAS HISTORICALLY SOLICITED FUNDS FROM MEMBERS OF THE PACIFIC PRINTING INDUSTRIES ASSOCIATION AND OTHER MEMBERS OF THE PRINT AND GRAPHIC ARTS INDUSTRY IN THE PACIFIC NORTHWEST BY MAIL AND AT INDUSTRY EVENTS. PUBLIC SUPPORT HAS BEEN A SMALLER PERCENTAGE OF TOTAL SUPPORT SINCE 2008 BECAUSE THE GREAT RECESSION HIT THE PRINT AND GRAPHIC ARTS INDUSTRY PARTICULARLY HARD. FORTUNATELY, THE INTEREST, DIVIDENDS AND REALIZED CAPITAL GAINS ON UNUSED PREVIOUSLY COLLECTED PUBLIC FUNDS HAVE PERMITTED THE EDUCATION TRUST TO "MAKE ENDS MEET" DURING THIS DIFFICULT TIME.PERCENTAGE OF FINANCIAL SUPPORT FACTOR: AGAIN, ALL OF THE EDUCATION TRUST'S SUPPORT WAS ORIGINALLY CONTRIBUTED BY THE GENERAL PUBLIC (MEMBERS OF THE PRINT AND GRAPHIC ARTS INDUSTRY).SOURCES OF SUPPORT FACTOR: AGAIN, SINCE 1989 THE ORGANIZATION HAS RECEIVED ALL OF ITS SUPPORT DIRECTLY OR INDIRECTLY FROM A REPRESENTATIVE NUMBER OF PERSONS (MEMBERS OF THE PRINT AND GRAPHIC ARTS INDUSTRY) RATHER THAN FROM MEMBERS OF A SINGLE FAMILY. REPRESENTATIVE GOVERNING BODY FACTOR: THE EDUCATION TRUST IS DIRECTED BY A BOARD OF DIRECTORS THAT REPRESENTS THE BROAD INTERESTS OF THE PRINT AND GRAPHIC ARTS INDUSTRY AS THEY RELATE TO EDUCATION, RATHER THAN THE PERSONAL OR PRIVATE INTERESTS OF A LIMITED NUMBER OF DONORS. THE BOARD IS COMPOSED OF PERSONS HAVING SPECIAL KNOWLEDGE AND EXPERIENCE IN THE PRINT AND GRAPHIC ARTS INDUSTRY AND REPRESENTING A BROAD CROSS SECTION OF THE VIEWS AND INTERESTS OF THAT COMMUNITY.AVAILABILITY OF PUBLIC SERVICES FACTOR: THE EDUCATION TRUST GENERALLY PROVIDES SERVICES (EDUCATION RELATED TO THE PRINT AND GRAPHIC ARTS INDUSTRY) THAT DIRECTLY BENEFIT THE GENERAL PUBLIC.ADDITIONAL FACTORS PERTINENT TO MEMBERSHIP ORGANIZATIONS: SOLICITATION OF DUES PAYING MEMBERS OF THE PACIFIC PRINTING INDUSTRIES ASSOCIATION IS DESIGNED TO ENROLL A SUBSTANTIAL NUMBER OF PERSONS IN THE PACIFIC NORTHWEST PRINT AND GRAPHIC ARTS INDUSTRY. THE PACIFIC PRINTING INDUSTRY ASSOCIATION'S DUES HAVE BEEN FIXED AT RATES DESIGNED TO MAKE MEMBERSHIP AVAILABLE TO A BROAD CROSS SECTION OF THE INTERESTED PUBLIC. THE ACTIVITIES OF THE PACIFIC PRINTING INDUSTRY ASSOCIATION AND THE PACIFIC PRINTINT INDUSTRY ASSOCIATION EDUCATION TRUST ARE LIKELY TO APPEAL TO PERSONS IN THE PACIFIC NORTHWEST HAVING AN INTEREST IN THE SUCCESS OF THE PRINT AND GRAPHIC ARTS INDUSTRY.</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
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      <GeneralExplanation>
        <Identifier>OTHER INVESTMENT INCOME</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 4</ReturnReference>
        <Explanation>CHARLES SCHWAB 4,786..</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GRANTS AND SIMILAR AMOUNTS PAID</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 10</ReturnReference>
        <Explanation>ACTIVITY CLASSIFICATION: TRADE ASSOC. EDUCATION. GRANTEE NAME: PACIFIC PRINTING &amp; IMAGING ASSOCIATION. GRANTEE ADDRESS: 6825 SW SANDBERG ROAD TIGARD, OR 97224. AMOUNT GIVEN: 15,000.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER EXPENSES</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 16</ReturnReference>
        <Explanation>DESCRIPTION: CONTRACT LABOR. AMOUNT: 29,180. DESCRIPTION: WEB EXPENSES. AMOUNT: 995. DESCRIPTION: DUES &amp; SUBSCRIPTIONS. AMOUNT: 50. DESCRIPTION: MEALS &amp; ENTERTAINMENT. AMOUNT: 69. DESCRIPTION: INVESTMENT FEES. AMOUNT: 1,944. DESCRIPTION: PROGRAM EXPENSE. AMOUNT: 250. TOTAL TO FORM 990-EZ, LINE 16: 32,488.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 20</ReturnReference>
        <Explanation>DESCRIPTION: ADJUST SECURITIES TO FAIR MARKET VALUE AT END OF YEAR. AMOUNT: -138.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER LIABILITIES</Identifier>
        <ReturnReference>FORM 990-EZ, PART II, LINE 26</ReturnReference>
        <Explanation>DESCRIPTION: DUE TO PPI. BEG. OF YEAR AMOUNT: 2,955. END OF YEAR AMOUNT: 3,399.</Explanation>
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      <Declaration>THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.</Declaration>
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