﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-08-14T17:52:54-05:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>STERLING KUDER &amp; COMPANY PS</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>7525 SE 24TH ST STE 110</AddressLine1>
        <City>MERCER ISLAND</City>
        <State>WA</State>
        <ZIPCode>980402339</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>200515144</EIN>
      <Name>
        <BusinessNameLine1>KAREN MAYERS GAMORAN FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>KARE</NameControl>
      <Phone>2069208100</Phone>
      <USAddress>
        <AddressLine1>3019 60TH AVENUE SE</AddressLine1>
        <City>MERCER ISLAND</City>
        <State>WA</State>
        <ZIPCode>980402442</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>KAREN GAMORAN</Name>
      <Title>PRESIDENT</Title>
      <Phone>2069208100</Phone>
      <DateSigned>2012-07-29</DateSigned>
    </Officer>
    <Preparer>
      <Name>WM KELLY STERLING</Name>
      <Phone>2062754228</Phone>
      <DatePrepared>2012-07-29</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="11">
    <IRS990PF documentId="RetDoc1">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>2410864</FMVAssetsEOY>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>71</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>71</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>57596</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>57596</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="RetDoc4">28146</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>646831</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>3068</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="RetDoc9">3428</OtherIncomeRevAndExpnss>
        <TotalRevenueAndExpenses>89241</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>60735</TotalNetInvestmentIncome>
        <LegalFeesRevAndExpnss referenceDocumentId="RetDoc7">5255</LegalFeesRevAndExpnss>
        <LegalFeesDsbrsChrtblPrps>5255</LegalFeesDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2">4277</AccountingFeesRevAndExpnss>
        <AccountingFeesDsbrsChrtblPrps>4277</AccountingFeesDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss referenceDocumentId="RetDoc10">19360</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>19360</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc11">1294</TaxesRevAndExpnss>
        <TaxesDsbrsChrtblPrps>1294</TaxesDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc8">20</OtherExpensesRevAndExpnss>
        <OtherExpensesDsbrsChrtblPrps>20</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>30206</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>19360</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>10846</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>69620</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>298120</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>99826</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>19360</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>308966</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-10585</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>41375</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>2626956</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>323035</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>323035</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>88970</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc5">2156140</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>2035467</InvestmentsCorpStockEOYFMV>
        <InvestmentsOtherBOY>54696</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="RetDoc6">52362</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>52362</InvestmentsOtherEOYFMV>
        <TotalAssetsBOY>2770622</TotalAssetsBOY>
        <TotalAssetsEOY>2531537</TotalAssetsEOY>
        <TotalAssetsEOYFMV>2410864</TotalAssetsEOYFMV>
        <GrantsPayableBOY>969500</GrantsPayableBOY>
        <GrantsPayableEOY>741000</GrantsPayableEOY>
        <TotalLiabilitiesBOY>969500</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>741000</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>1801122</RetainedEarningsBOY>
        <RetainedEarningsEOY>1790537</RetainedEarningsEOY>
        <TotalNetAssetsBOY>1801122</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>1790537</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>2770622</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>2531537</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>1801122</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-10585</ExcessOfRevenueOverExpenses>
        <Subtotal>1790537</Subtotal>
        <TotalNetAssetsFundBalancesEOY>1790537</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainNetIncome>3068</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>177893</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>2757570</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.064511</DistributionRatioYear1>
        <TotalDistributionRatio>0.064511</TotalDistributionRatio>
        <AverageDistributionRatio>0.064511</AverageDistributionRatio>
        <NetNoncharitableAssets>2722055</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>175602</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>414</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>176016</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>308966</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>414</InvestmentIncomeExciseTax>
        <Subtotal>414</Subtotal>
        <TaxBasedOnInvestmentIncome>414</TaxBasedOnInvestmentIncome>
        <TaxPaidWithExtension>2000</TaxPaidWithExtension>
        <TotalCreditsAndPayments>2000</TotalCreditsAndPayments>
        <Overpayment>1586</Overpayment>
        <AmountCreditedToNextYear>1586</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>WA</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>KAREN GAMORAN</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>2069208100</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>3019 60TH AVENUE SE</AddressLine1>
          <City>MERCER ISLAND</City>
          <State>WA</State>
          <ZIPCode>98040</ZIPCode>
        </BooksInCareOfUSAddress>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">KAREN MAYERS GAMORAN</PersonName>
          <USAddress>
            <AddressLine1>3019 60TH AVENUE SE</AddressLine1>
            <AddressLine2>3019 60TH AVENUE SE</AddressLine2>
            <City>MERCER ISLAND</City>
            <State>WA</State>
            <ZIPCode>98040</ZIPCode>
          </USAddress>
          <Title>PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">JOEL B GAMORAN</PersonName>
          <USAddress>
            <AddressLine1>3019 60TH AVENUE SE</AddressLine1>
            <AddressLine2>3019 60TH AVENUE SE</AddressLine2>
            <City>MERCER ISLAND</City>
            <State>WA</State>
            <ZIPCode>98040</ZIPCode>
          </USAddress>
          <Title>SECRETARY</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SumOfProgramRelatedInvestments>
        <Description1>N/A</Description1>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>2393633</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>316346</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>53529</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>2763508</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>2763508</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>41453</CashDeemedCharitable>
        <NetNoncharitableAssets>2722055</NetNoncharitableAssets>
        <MinimumInvestmentReturn>136103</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>136103</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>414</TaxBasedOnInvestmentIncome>
        <TotalTax>414</TotalTax>
        <DistributableAmountBeforeAdj>135689</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>135689</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>135689</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>308966</ExpensesAndContributions>
        <QualifyingDistributions>308966</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>414</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>308552</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>135689</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear1>40410</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>40410</TotalExcessDistriCarryover>
        <QualifyingDistributions>308966</QualifyingDistributions>
        <AppliedToCurrentYear>135689</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>173277</RemainingDistriFromCorpus>
        <TotalCorpus>213687</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>213687</ExcessDistriCyovToNextYear>
        <ExcessFromYear1>40410</ExcessFromYear1>
        <ExcessFromCurrentYear>173277</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <AppicationSubmissionInfo>
          <RecipientName>KAREN GAMORAN</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>3019 60TH AVENUE SE</AddressLine1>
            <City>MERCER ISLAND</City>
            <State>WA</State>
            <ZIPCode>98040</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>2069208100</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>INFORMATION ON ORGANIZATION AND NEED</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE</SubmissionDeadlines>
          <RestrictionsOnAwards>NONE</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HILLEL FOUNDATION</BusinessNameLine1>
            <BusinessNameLine2>HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4745 17TH AVENUE NE</AddressLine1>
            <AddressLine2>4745 17TH AVENUE NE</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98105</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CAPITAL CAMPAIGN</PurposeOfGrantOrContribution>
          <Amount>200000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HILLEL FOUNDATION</BusinessNameLine1>
            <BusinessNameLine2>HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4745 17TH AVENUE NE</AddressLine1>
            <AddressLine2>4745 17TH AVENUE NE</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98105</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>MORTGAGE BURNING</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH DAY SCHOOL</BusinessNameLine1>
            <BusinessNameLine2>METROPOLITAN JEWISH DAY SCHOOL</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>15749 NE 4TH STREET</AddressLine1>
            <AddressLine2>15749 NE 4TH STREET</AddressLine2>
            <City>BELLEVUE</City>
            <State>WA</State>
            <ZIPCode>98008</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DEVELOPMENT AND VOLUNTEER ROOM</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH FEDERATION</BusinessNameLine1>
            <BusinessNameLine2>JEWISH FEDERATION OF GREATER SEATTLE</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2031 3RD AVENUE</AddressLine1>
            <AddressLine2>2031 3RD AVENUE</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98121</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FAMILY MATTER CAMPAIGN</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MULTIPLE SCLEROSIS SOCIET</BusinessNameLine1>
            <BusinessNameLine2>MULTIPLE SCLEROSIS SOCIETY</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1501 REEDSDALE ST STE 105</AddressLine1>
            <AddressLine2>1501 REEDSDALE ST STE 105</AddressLine2>
            <City>PITTSBURGH</City>
            <State>PA</State>
            <ZIPCode>15233</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL OPERATING SUPPORT</PurposeOfGrantOrContribution>
          <Amount>46300</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MULTIPLE SCLEROSIS SOCIET</BusinessNameLine1>
            <BusinessNameLine2>MULTIPLE SCLEROSIS SOCIETY</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1501 REEDSDALE ST STE 105</AddressLine1>
            <AddressLine2>1501 REEDSDALE ST STE 105</AddressLine2>
            <City>PITTSBURGH</City>
            <State>PA</State>
            <ZIPCode>15233</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL OPERATING SUPPORT</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UCLA FOUNDATION</BusinessNameLine1>
            <BusinessNameLine2>UCLA FOUNDATION</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>405 HILGARD AVENUE</AddressLine1>
            <AddressLine2>405 HILGARD AVENUE</AddressLine2>
            <City>LOS ANGELES</City>
            <State>CA</State>
            <ZIPCode>90095</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>OPERATION MEND</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH FEDERATION OF GREATER SEATTL</BusinessNameLine1>
            <BusinessNameLine2>JEWISH FEDERATION OF GREATER SEATTLE</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2031 THIRD AVENUE</AddressLine1>
            <AddressLine2>2031 THIRD AVENUE</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98121</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>2011 COMMUNITY CAMPAIGN</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HADASSAH FOUNDATION INC</BusinessNameLine1>
            <BusinessNameLine2>HADASSAH FOUNDATION INC</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>50 WEST 58TH STREET</AddressLine1>
            <AddressLine2>50 WEST 58TH STREET</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10019</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>BREAST CANCER</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THERESE MULLALLY LOSH GUILD</BusinessNameLine1>
            <BusinessNameLine2>THERESE MULLALLY LOSH GUILD</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 5371 MSC RC-507</AddressLine1>
            <AddressLine2>PO BOX 5371 MSC RC-507</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98145</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL OPERATING SUPPORT</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JUVENILE DIABETES RESEARCH FOUNDATI</BusinessNameLine1>
            <BusinessNameLine2>JUVENILE DIABETES RESEARCH FOUNDATION</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>26 BROADWAY 14TH FLOOR</AddressLine1>
            <AddressLine2>26 BROADWAY 14TH FLOOR</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10004</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL OPERATING SUPPORT</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DRISHA INSTITYE FOR JEWISH EDUCATIO</BusinessNameLine1>
            <BusinessNameLine2>DRISHA INSTITUTE FOR JEWISH EDUCATION</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>37 WEST 65TH STREET</AddressLine1>
            <AddressLine2>37 WEST 65TH STREET</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10023</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL OPERATING SUPPORT</PurposeOfGrantOrContribution>
          <Amount>180</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TEMPLE DE HIRSH SINAI</BusinessNameLine1>
            <BusinessNameLine2>TEMPLE DE HIRSCH SINAI</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1511 EAST PIKE</AddressLine1>
            <AddressLine2>1511 EAST PIKE</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98122</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL OPERATING SUPPORT</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHABAD LUBAVITCH OF ROCHESTER NY</BusinessNameLine1>
            <BusinessNameLine2>CHABAD LUBAVITCH OF ROCHESTER NEW YORK</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1037 WINTON ROAD SOUTH</AddressLine1>
            <AddressLine2>1037 WINTON ROAD SOUTH</AddressLine2>
            <City>ROCHESTER</City>
            <State>NY</State>
            <ZIPCode>14618</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL OPERATING SUPPORT</PurposeOfGrantOrContribution>
          <Amount>540</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>OPPORTUNITY FINANCE NETWORK</BusinessNameLine1>
            <BusinessNameLine2>OPPORTUNITY FINANCE NETWORK</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>620 CHESTNUT ST STE 572</AddressLine1>
            <AddressLine2>620 CHESTNUT ST STE 572</AddressLine2>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19106</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CREATE JOBS FOR USA FUND</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WA STATE JEWISH HISTORICAL SOCIETY</BusinessNameLine1>
            <BusinessNameLine2>WA STATE JEWISH HISTORICAL SOCIETY</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2031 THIRD AVENUE</AddressLine1>
            <AddressLine2>2031 THIRD AVENUE</AddressLine2>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98121</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>COOKBOOK PUBLISHING</PurposeOfGrantOrContribution>
          <Amount>350</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>298120</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>71</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>57596</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>28146</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>PACIFIC SYSTEMS</Description>
          <ExclusionCode>16</ExclusionCode>
          <ExclusionAmount>3428</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>89241</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>89241</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFees>
        <Category>STERLING KUDER &amp; CO</Category>
        <Amount>4277</Amount>
        <DisbursementsCharitablePrps>4277</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <CompensationExplanation documentId="RetDoc3">
      <Compensation>
        <PersonName>KAREN MAYERS GAMORAN</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>JOEL B GAMORAN</PersonName>
      </Compensation>
    </CompensationExplanation>
    <GainLossSaleOtherAssetsSch documentId="RetDoc4">
      <GainLossSaleOtherAsset>
        <Name>4000 SH STARBUCKS</Name>
        <DateAcquired>2009-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-01</DateSold>
        <GrossSalesPrice>128720</GrossSalesPrice>
        <Basis>88970</Basis>
        <TotalNet>39750</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>671.989 SH RUSSELL EMERGING MKTS</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>12398</GrossSalesPrice>
        <Basis>14092</Basis>
        <TotalNet>-1694</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>4594.157 SH RUSSELL GLBL EQTY CLASS</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>36478</GrossSalesPrice>
        <Basis>40934</Basis>
        <TotalNet>-4456</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>1802.582 SH RUSSELL INTL DEVELPD MKT</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>49355</GrossSalesPrice>
        <Basis>56944</Basis>
        <TotalNet>-7589</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>1728.784 SH RUSSELL INVT CO GLOBAL</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>16959</GrossSalesPrice>
        <Basis>17737</Basis>
        <TotalNet>-778</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>2444.651 SH RUSSELL INVT CO COMMODIT</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>27942</GrossSalesPrice>
        <Basis>27038</Basis>
        <TotalNet>904</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>1911.902 SH RUSSELL INVT CO GLOBAL O</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>19406</GrossSalesPrice>
        <Basis>19119</Basis>
        <TotalNet>287</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>421.122 SH RUSSELL INVT CO GLOBAL RE</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>14112</GrossSalesPrice>
        <Basis>15236</Basis>
        <TotalNet>-1124</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>453.038 SH RUSSELL STRATEGIC BOND</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-01</DateSold>
        <GrossSalesPrice>4902</GrossSalesPrice>
        <Basis>4879</Basis>
        <TotalNet>23</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>22251.829 SH RUSSELL STRATEGIC BOND</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>246105</GrossSalesPrice>
        <Basis>239652</Basis>
        <TotalNet>6453</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>1289.149 SH RUSSELL US CORE EQUITY</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>32473</GrossSalesPrice>
        <Basis>36534</Basis>
        <TotalNet>-4061</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>151.845 SH RUSSELL US QUANT EQTY</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-04</DateSold>
        <GrossSalesPrice>4701</GrossSalesPrice>
        <Basis>4408</Basis>
        <TotalNet>293</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>170.335 SH RUSSELL US QUANT EQTY</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-07</DateSold>
        <GrossSalesPrice>5441</GrossSalesPrice>
        <Basis>4945</Basis>
        <TotalNet>496</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>1259.911 SH RUSSELL US QUANT EQTY</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>34710</GrossSalesPrice>
        <Basis>36575</Basis>
        <TotalNet>-1865</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>503.538 SH RUSSELL US SMALL CAP EQUI</Name>
        <DateAcquired>2011-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-09</DateSold>
        <GrossSalesPrice>10061</GrossSalesPrice>
        <Basis>11622</Basis>
        <TotalNet>-1561</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorpStock>
        <NameOfStock>STARBUCKS</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL GLOBLA OPPORTUNITIES</NameOfStock>
        <EOYBookValue>63520</EOYBookValue>
        <EOYFMV>61500</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL EMERGING MKTS</NameOfStock>
        <EOYBookValue>95160</EOYBookValue>
        <EOYFMV>74081</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL GLOBAL REAL ESTATE</NameOfStock>
        <EOYBookValue>65068</EOYBookValue>
        <EOYFMV>58856</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL GLOBAL EQUITY</NameOfStock>
        <EOYBookValue>223520</EOYBookValue>
        <EOYFMV>200878</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL US CORE EQUITY</NameOfStock>
        <EOYBookValue>228283</EOYBookValue>
        <EOYFMV>215972</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL US SMALL MID CAP</NameOfStock>
        <EOYBookValue>93704</EOYBookValue>
        <EOYFMV>88683</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL INTL DEVELOPMENT</NameOfStock>
        <EOYBookValue>342136</EOYBookValue>
        <EOYFMV>291288</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL US QUANT EQUITY</NameOfStock>
        <EOYBookValue>192512</EOYBookValue>
        <EOYFMV>196442</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL STRATEGIC BOND</NameOfStock>
        <EOYBookValue>708353</EOYBookValue>
        <EOYFMV>715809</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL GLOBAL INFRASTRUCTURE</NameOfStock>
        <EOYBookValue>62944</EOYBookValue>
        <EOYFMV>61747</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RUSSELL COMMODITY STRATEGIES</NameOfStock>
        <EOYBookValue>80940</EOYBookValue>
        <EOYFMV>70211</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc6">
      <InvestmentsOther>
        <CategoryOrItem>INVESTMENTS - OTHER SECURITES</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>52362</BookValue>
        <EOYFMV>52362</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc7">
      <LegalFees>
        <Category>PERKINS COIE</Category>
        <Amount>5255</Amount>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpenses>
        <Description>EXPENSES</Description>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <RevenueAndExpensesPerBooks>20</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>20</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncome>
        <Description>PACIFIC SYSTEMS</Description>
        <RevenueAndExpensesPerBooks>3428</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc10">
      <OtherProfessionalFees>
        <Category>INVESTMENT AND TRUST MGMT FEES</Category>
        <Amount>19360</Amount>
        <NetInvestmentIncome>19360</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <Taxes>
        <Category>INCOME TAX</Category>
        <Amount>411</Amount>
        <DisbursementsCharitablePrps>411</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>LICENSES</Category>
        <Amount>75</Amount>
        <DisbursementsCharitablePrps>75</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES PAID</Category>
        <Amount>808</Amount>
        <DisbursementsCharitablePrps>808</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>