Civic Intelligence

The Salem Foundation

EIN 93-6018523 • 501(c)3 • Salem, OR

Profile

The salem foundation exists for the purpose of receiving, safeguarding, and disbursing funds for charitable purposes in the vicinity of salem, oregon.

CO Pioneer Trust Bank PO Box 2305Salem, OR 97308

www.salemfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

45th percentile

4.3%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2025

Revenue Growth

91st percentile

69%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2025

Assets

Down

$37,574,532

Down $1,984,150 (-5.0%) from 2024

Liabilities

Down

$279,472

Down $506,803 (-64%) from 2024

Net Assets

Down

$37,295,060

Down $1,477,347 (-3.8%) from 2024

Revenue

Down

$9,539,251

Down $833,460 (-8.0%) from 2024

Expenses

Up

$11,381,995

Up $4,768,924 (+72%) from 2024

Net Income

Down

-$1,842,744

Down $5,602,384 (-149%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $18,582,265Liabilities 2011: $1,146,686Net Assets 2011: $17,435,5792011Assets 2012: $18,308,307Liabilities 2012: $1,037,967Net Assets 2012: $17,270,3402012Assets 2013: $20,827,737Liabilities 2013: $863,477Net Assets 2013: $19,964,2602013Assets 2014: $21,379,376Liabilities 2014: $668,609Net Assets 2014: $20,710,7672014Assets 2015: $22,556,699Liabilities 2015: $419,816Net Assets 2015: $22,136,8832015Assets 2016: $22,629,493Liabilities 2016: $812,206Net Assets 2016: $21,817,2872016Assets 2017: $24,272,136Liabilities 2017: $871,233Net Assets 2017: $23,400,9032017Assets 2018: $26,278,570Liabilities 2018: $518,567Net Assets 2018: $25,760,0032018Assets 2019: $29,898,606Liabilities 2019: $535,382Net Assets 2019: $29,363,2242019Assets 2020: $29,556,546Liabilities 2020: $291,614Net Assets 2020: $29,264,9322020Assets 2021: $35,726,700Liabilities 2021: $384,070Net Assets 2021: $35,342,6302021Assets 2022: $34,628,460Liabilities 2022: $304,118Net Assets 2022: $34,324,3422022Assets 2023: $34,545,619Liabilities 2023: $227,710Net Assets 2023: $34,317,9092023Assets 2024: $39,558,682Liabilities 2024: $786,275Net Assets 2024: $38,772,4072024Assets 2025: $37,574,532Liabilities 2025: $279,472Net Assets 2025: $37,295,0602025

Highlighted filing

2025

Assets$37,574,532
Liabilities$279,472
Net Assets$37,295,060

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,485,8602011Expenses 2012: $1,244,7622012Expenses 2013: $1,290,4182013Revenue 2014: $1,667,362Expenses 2014: $2,170,905Net Income 2014: -$503,5432014Revenue 2015: $3,318,238Expenses 2015: $2,684,916Net Income 2015: $633,3222015Revenue 2016: $3,188,252Expenses 2016: $3,599,686Net Income 2016: -$411,4342016Revenue 2017: $2,614,919Expenses 2017: $1,818,561Net Income 2017: $796,3582017Revenue 2018: $3,200,819Expenses 2018: $1,860,786Net Income 2018: $1,340,0332018Revenue 2019: $4,649,677Expenses 2019: $2,631,102Net Income 2019: $2,018,5752019Revenue 2020: $2,231,073Expenses 2020: $2,819,958Net Income 2020: -$588,8852020Revenue 2021: $4,306,114Expenses 2021: $3,557,683Net Income 2021: $748,4312021Revenue 2022: $4,735,987Expenses 2022: $4,442,641Net Income 2022: $293,3462022Revenue 2023: $3,345,668Expenses 2023: $4,118,990Net Income 2023: -$773,3222023Revenue 2024: $10,372,711Expenses 2024: $6,613,071Net Income 2024: $3,759,6402024Revenue 2025: $9,539,251Expenses 2025: $11,381,995Net Income 2025: -$1,842,7442025

Highlighted filing

2025

Revenue$9,539,251
Expenses$11,381,995
Net Income-$1,842,744

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$0.28$37.3$9.54$11.4$1.84
2024Detailed filing. Detailed filing data is available for this year.$39.6$0.79$38.8$10.4$6.61$3.76
2023Detailed filing. Detailed filing data is available for this year.$34.5$0.23$34.3$3.35$4.12$0.77
2022Detailed filing. Detailed filing data is available for this year.$34.6$0.30$34.3$4.74$4.44$0.29
2021Detailed filing. Detailed filing data is available for this year.$35.7$0.38$35.3$4.31$3.56$0.75
2020Detailed filing. Detailed filing data is available for this year.$29.6$0.29$29.3$2.23$2.82$0.59
2019Detailed filing. Detailed filing data is available for this year.$29.9$0.54$29.4$4.65$2.63$2.02
2018Detailed filing. Detailed filing data is available for this year.$26.3$0.52$25.8$3.20$1.86$1.34
2017Detailed filing. Detailed filing data is available for this year.$24.3$0.87$23.4$2.61$1.82$0.80
2016Detailed filing. Detailed filing data is available for this year.$22.6$0.81$21.8$3.19$3.60$0.41
2015Detailed filing. Detailed filing data is available for this year.$22.6$0.42$22.1$3.32$2.68$0.63
2014Detailed filing. Detailed filing data is available for this year.$21.4$0.67$20.7$1.67$2.17$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.86$20.0$1.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$1.04$17.3$1.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$1.15$17.4$2.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$16,327,729
Mission and Program Overview

Mission

The salem foundation exists for the purpose of receiving, safeguarding, and disbursing funds for charitable purposes in the vicinity of salem, oregon. More than 70 charitable organizations and 18 college students benefited during the current fiscal year.

The salem foundation exists for the purpose of receiving, safeguarding, and disbursing funds for charitable purposes in the vicinity of salem, oregon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$29,374,359$32,820,124▲ $3,445,765
Pledges and Grants Receivable$4,759,638$0▼ $4,759,638
Land, Buildings, and Equipment, Net$2,855,798$2,839,162▼ $16,636
Savings and Temporary Cash Investments$1,445,413$816,884▼ $628,529
Accounts Receivable$40,757$22,257▼ $18,500
Investments in Publicly Traded Securities$9,434$10,062▲ $628
Other Notes and Loans Receivable, Net$14,873$8,586▼ $6,287
Intangible Assets$6,000$6,000→ $0
Total Assets$39,558,682$37,574,532▼ $1,984,150
Other Assets Total$1,052,410$1,051,457▼ $953
Liabilities
Grants Payable$735,862$226,030▼ $509,832
Other Liabilities$50,413$53,442▲ $3,029
Total Liabilities$786,275$279,472▼ $506,803
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,026,239$36,308,530▲ $3,282,291
Net Assets With Donor Restrictions$5,746,168$986,530▼ $4,759,638
Total Net Assets Fund Balance$38,772,407$37,295,060▼ $1,477,347
Total Liabilities and Net Assets / Fund Balance$39,558,682$37,574,532▼ $1,984,150

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,178,243$2,086,057-
Land$1,237,200--
Leasehold Improvements$423,719$1,405,030-
Other Securities$32,820,124--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,719,438$1,303,304▲ $371,375-$7,173,647
2023$5,152,551$189,140▲ $546,580-$5,719,438
2022$4,623,935$11,047▲ $179,223-$4,706,751
2021$4,720,428$14,340▼ $1,451-$4,623,935
2020$3,428,296$409,985▲ $983,970-$4,720,428
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteeFT$492,835$492,835

Board Members and Trustees

NameTitle
Debra LushCommittee Chairman
Brian CondelloCommittee Member
Laura TeslerCommittee Member
Louis-claude Nguea-njohCommittee Member
Terry HancockCommittee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$6,928,419
Program Service Revenue
$0
Investment Income
$2,235,251
Other Revenue
$375,581
All Other Contributions
$6,928,419
Change in Net Assets
$-1,842,744

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$578,632Stock Exchange
Total Noncash Contributions5$578,632-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,539,251
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,217,757
Total Revenue per Audited Statements
$10,757,008
Total Revenue per Form 990
$9,539,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,771,238
Salaries, Compensation, and Employee Benefits$504,172
Other Expenses$106,585
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,693,013--$10,693,013
Current Officers, Directors, Trustees, and Key Employees-$504,172-$504,172
Grants to Domestic Individuals$78,225--$78,225
Fees for Services Accounting-$53,217-$53,217
Other Expenses$23,435$2,400-$2,400
Fees for Services Legal-$1,473-$1,473
Total Functional Expenses$10,794,673$587,322$0$11,381,995

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,234,355
Expenses per Audited Statements$11,381,995
Total Expenses per Form 990$11,381,995
Expenses Not Reported on Form 990$852,360
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Joseph Catholic ChurchSalem, OR501(c)(3)Charitable Distribution$1,750,000
Catholic Community ServicesSalem, OR501(c)(3)Charitable Distribution$1,601,579
Marion Polk Food Share IncSalem, OR501(c)(3)Charitable Distribution$1,060,224
Family Building Blocks IncSalem, OR501(c)(3)Charitable Distribution$965,044
Abbey Foundation of OregonSt Benedict, OR501(c)(3)Charitable Distribution$390,000
The Zack Packard FoundationHillsboro, OR501(c)(3)Charitable Distribution$390,000
Liberty HouseSalem, OR501(c)(3)Charitable Distribution$332,202
Diocese of HelenaHelena, MT501(c)(3)Charitable Distribution$320,000
Union Gospel MissionSalem, OR501(c)(3)Charitable Distribution$263,350
Franciscan MissionsBurlington, WI501(c)(3)Charitable Distribution$261,580
Family Ymca of Marion & Polk CoSalem, OR501(c)(3)Charitable Distribution$208,046
Horses of Hope OregonTurner, OR501(c)(3)Charitable Distribution$151,500
St Francis Family HousingSalem, OR501(c)(3)Charitable Distribution$145,880
Salem Free ClinicsSalem, OR501(c)(3)Charitable Distribution$141,000
Gilbert House Childrens MuseumSalem, OR501(c)(3)Charitable Distribution$130,000
Capital Futbol ClubSalem, OR501(c)(3)Charitable Distribution$125,000
The Sycamore TreeSwan Lake, MT501(c)(3)Charitable Distribution$120,000
Oregon Health and Education CollaborativeWilsonville, OR501(c)(3)Charitable Distribution$100,000
Salem-keizer School DistrictSalem, ORSalem-keizer SchoolCharitable Distribution$84,708
Assistance League of SalemSalem, OR501(c)(3)Charitable Distribution$80,000
St Paul Catholic ChurchschoolSt Paul, OR501(c)(3)Charitable Distribution$80,000
Reid Saunders Evangelistic AssociationSalem, OR501(c)(3)Charitable Distribution$75,000
Young Life Wa Family RanchPortland, OR501(c)(3)Charitable Distribution$75,000
Salem Dream CenterSalem, OR501(c)(3)Charitable Distribution$62,000
Fr Bernard Youth CenterMt Angel, OR501(c)(3)Charitable Distribution$60,000
Salem AcademySalem, OR501(c)(3)Charitable Distribution$55,000
Salem Fndn-pioneer Cem Spec Proj FdSalem, OR501(c)(3)Charitable Distribution$52,698
Benedictine Sisters of Mt AngelMt Angel, OR501(c)(3)Charitable Distribution$50,000
Santiam Christian SchoolsAdair Village, OR501(c)(3)Charitable Distribution$50,000
Santiam Hospital & Clinics FoundationStayton, OR501(c)(3)Charitable Distribution$50,000
Blanchet Catholic SchoolSalem, OR501(c)(3)Charitable Distribution$42,000
Willamette Career AcademySalem, OR501(c)(3)Charitable Distribution$40,030
Transformations by Salem AngelsSalem, OR501(c)(3)Charitable Distribution$37,000
Salem Art AssociationSalem, OR501(c)(3)Charitable Distribution$35,500
City of SalemSalem, ORCity of SalemCharitable Distribution$33,687
St Vincent De Paul SocietyMcminnville, OR501(c)(3)Charitable Distribution$33,500
Chemeketa Community College FndnSalem, OR501(c)(3)Charitable Distribution$31,940
Center for Hope and SafetySalem, OR501(c)(3)Charitable Distribution$31,000
Catholic Community Services FoundationSalem, OR501(c)(3)Charitable Distribution$25,000
Wilsonville Little LeagueWilsonville, OR501(c)(3)Charitable Distribution$25,000
Holy Family AcademyMt Angel, OR501(c)(3)Charitable Distribution$22,108
The Salvation Army Salem CorpsSalem, OR501(c)(3)Charitable Distribution$20,146
Church at the ParkSalem, OR501(c)(3)Charitable Distribution$20,000
Mt Angel Community FoundationMt Angel, OR501(c)(3)Charitable Distribution$20,000
OHSU FOUNDATION FBO DOERNBECHER CHILDREN'S HOSPITALPortland, OR501(c)(3)Charitable Distribution$17,489
Higher Education Coordinating CommissionosacSalem, OR501(c)(3)Charitable Distribution$14,633
Family Promise of the Mid-willamette ValleySalem, OR501(c)(3)Charitable Distribution$14,491
Garten Services IncSalem, OR501(c)(3)Charitable Distribution$12,896
Young Life Greater Salem AreaSalem, OR501(c)(3)Charitable Distribution$12,838
Missionaries of AfricaWashington, DC501(c)(3)Charitable Distribution$12,802
Sisters of Charity of Our Lady Mother of the ChurchBaltic, CT501(c)(3)Charitable Distribution$12,800
Divine Word MissionariesNorthbrook, IL501(c)(3)Charitable Distribution$12,728
Catholic Indian MissionFort Yates, ND501(c)(3)Charitable Distribution$12,722
Saint Paul Street EvangelizationWarren, MI501(c)(3)Charitable Distribution$12,720
Society of St Vincent De Paul USASalem, OR501(c)(3)Charitable Distribution$12,718
Franciscan Mission AssociatesMount Vernon, NY501(c)(3)Charitable Distribution$12,652
Saint Lawrence SeminaryMt Calvary, WI501(c)(3)Charitable Distribution$12,646
Sisters of St Francis of AssisiSaint Francis, WI501(c)(3)Charitable Distribution$12,640
Seton ShrineEmmitsburg, MD501(c)(3)Charitable Distribution$12,638
American Life LeagueStafford, VA501(c)(3)Charitable Distribution$12,634
The Marist BrothersChicago, IL501(c)(3)Charitable Distribution$12,627
Sacred Heart Southern MissionsWalls, MS501(c)(3)Charitable Distribution$12,626
Missionary Society of St ColumbanSaint Columbans, NE501(c)(3)Charitable Distribution$12,624
SoarFrederick, MD501(c)(3)Charitable Distribution$12,614
Sophia InstituteManchester, NH501(c)(3)Charitable Distribution$12,600
National Centre for Padre PioBarto, PA501(c)(3)Charitable Distribution$12,576
First ThingsNew York, NY501(c)(3)Charitable Distribution$12,564
Glenmary Home MissionersFairfield, OH501(c)(3)Charitable Distribution$12,528
CmmbBoone, IA501(c)(3)Charitable Distribution$12,518
UnboundKansas City, KS501(c)(3)Charitable Distribution$12,504
Catholic Near East Welfare AssociationNew York, NY501(c)(3)Charitable Distribution$12,492
Association of the Miraculous MedalPerryville, MO501(c)(3)Charitable Distribution$12,480
Catholic LeagueUniondale, NY501(c)(3)Charitable Distribution$12,454
The Coming Home Network InternationalNashport, OH501(c)(3)Charitable Distribution$12,452
Sudan Relief FundWashington, DC501(c)(3)Charitable Distribution$12,450
Padre Pio Foundation of AmericaCromwell, CT501(c)(3)Charitable Distribution$12,448
International Catholic Migration CommissionWashington, DC501(c)(3)Charitable Distribution$12,446
Eternal Word Television NetworkIrondale, AL501(c)(3)Charitable Distribution$12,444
Catholic Relief ServicesBaltimore, MD501(c)(3)Charitable Distribution$12,420
Salem Health FoundationSalem, OR501(c)(3)Charitable Distribution$12,410
Catholic Bishop of Northern AlaskaFairbanks, AK501(c)(3)Charitable Distribution$12,408
Society of the Little FlowerDarien, IL501(c)(3)Charitable Distribution$12,404
Mundelein SeminaryMundelein, IL501(c)(3)Charitable Distribution$12,388
Carmel of Jesus Mary & JosephFairfield, PA501(c)(3)Charitable Distribution$12,370
Mercy Home for Boys and GirlsChicago, IL501(c)(3)Charitable Distribution$12,360
Queen of Peace Catholic ChurchSalem, OR501(c)(3)Charitable Distribution$12,348
Christendom CollegeFront Royal, VA501(c)(3)Charitable Distribution$12,325
The Dynamic Catholic InstituteErlanger, KY501(c)(3)Charitable Distribution$12,315
Word on Fire Catholic MinistriesElk Grove Village, IL501(c)(3)Charitable Distribution$12,312
Sisters of St Mary of Oregon FoundationBeaverton, OR501(c)(3)Charitable Distribution$12,264
St Augustine Parish Lincoln City OregonLincoln City, OR501(c)(3)Charitable Distribution$12,240
Aid to the Church in NeedBrooklyn, NY501(c)(3)Charitable Distribution$12,196
SAINT JOSEPH'S HOUSEEast Fallowfield, PA501(c)(3)Charitable Distribution$12,192
Benedictine Mission HouseSchuyler, NE501(c)(3)Charitable Distribution$12,184
Oregon Right to Life Education FoundationKeizer, OR501(c)(3)Charitable Distribution$12,180
Mid-valley Youth for ChristSalem, OR501(c)(3)Charitable Distribution$12,146
Missoula Catholic Schools FoundationMissoula, MT501(c)(3)Charitable Distribution$12,132
Missionary Oblates of Mary ImmaculateWashington, DC501(c)(3)Charitable Distribution$12,120
Oblate Sisters of St Francis De SalesChilds, MD501(c)(3)Charitable Distribution$12,100
Cross Catholic OutreachBoca Raton, FL501(c)(3)Charitable Distribution$12,096
Dominican Friars FoundationNew York, NY501(c)(3)Charitable Distribution$12,084
The SalvatoriansMilwaukee, WI501(c)(3)Charitable Distribution$12,070
America Needs FatimaSpring Grove, PA501(c)(3)Charitable Distribution$12,060
Edmundite MissionsSelma, AL501(c)(3)Charitable Distribution$12,040
Franciscan Friars of the AtonementGarrison, NY501(c)(3)Charitable Distribution$12,036
Dominican Sisters of Mary Mother of the EucharistAnn Arbor, MI501(c)(3)Charitable Distribution$12,024
Sisters of St BenedictFerdinand, IN501(c)(3)Charitable Distribution$12,010
Catholic Broadcasting KbvmPortland, OR501(c)(3)Charitable Distribution$12,000
Oregon Symphony Association in SalemPortland, OR501(c)(3)Charitable Distribution$11,500
Boys & Girls Club of SalemSalem, OR501(c)(3)Charitable Distribution$11,446
East Salem Rotary FoundationSalem, OR501(c)(3)Charitable Distribution$10,000
Isaacs RoomSalem, OR501(c)(3)Charitable Distribution$9,500
Habitat for Humanity of the Mid-williamette ValleySalem, OR501(c)(3)Charitable Distribution$9,000
Salem Leadership FoundationSalem, OR501(c)(3)Charitable Distribution$8,500
Congregations Helping PeopleSalem, OR501(c)(3)Charitable Distribution$8,237
ST TIMOTHY'S EPISCOPAL CHURCHSalem, OR501(c)(3)Charitable Distribution$8,000
Willamette Heritage CenterSalem, OR501(c)(3)Charitable Distribution$8,000
Elsinore TheatreSalem, OR501(c)(3)Charitable Distribution$7,500
Abiqua School FoundationSalem, OR501(c)(3)Charitable Distribution$6,500
Dayspring FellowshipKeizer, OR501(c)(3)Charitable Distribution$6,202
Focus on the FamilyColorado Springs, CO501(c)(3)Charitable Distribution$6,202
Insight for LivingFrisco, TX501(c)(3)Charitable Distribution$6,202
Salem-keizer Coalition for EqualitySalem, OR501(c)(3)Charitable Distribution$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Deposits$53,442
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization has no committees

Form 990, Part VI, Section B, Line 11B

The 990 will be reviewed against reporting retrieved from the trust accounting system used by pioneer trust bank, n.a.

Form 990, Part VI, Section B, Line 12C

Members of the distribution committee are required to disclose any conflicts of interest and refrain from voting on grants requested by other charitable entities with which they are affiliated.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Salem Foundation
EIN
93-6018523
Phone
5033633136
Address
CO PIONEER TRUST BANK PO BOX 2305, SALEM, OR 97308

Signing Officer

Name
Michelle L Howell
Title
VP & Senior Trust Manager
Phone
5033633136
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Mcherman
Formed
1930
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Redw LLC
Address
475 COTTAGE STREET NE SUITE 200, SALEM, OR 97301
Preparer
Larry E Grant CPA
Phone
5035817788
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code and is a nonprivate foundation under section 509(a)(1) of the internal revenue code of 1986. An exemption from the state of oregon corporation excise tax is provided by oregon revised statutes 317.080. The foundation is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the foundation is subject to income tax on net income that is derived from any business activities that are unrelated to its exempt purposes. Management has determined that the foundation is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. The foundation does not have any material uncertain tax positions at april 30, 2025.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES

Part V, Line 4 - Intended Uses of Endowment Fund

The trustee invests, manages, and distributes endowment funds subject to the foundation's governing documents and the oregon uniform prudent management of institutional funds act (upmifa). The governing documents provide that up to 4% of the corpus of any one or more of the endowment funds in any one calendar year may be appropriated for distribution. The investment policy considers the needs and objectives of each fund and attempts to maximize total return consistent with an acceptable level of risk. Endowment assets are invested in a well-diversified asset mix that is intended to result in an inflation-protected rate of return that has sufficient liquidity to make an annual distribution of 4% while growing the fund if possible.

Part V Endowment Funds Line 1A Beginning of Year Balance

The current year beginning of year balance is greater than the prior year end of year balance due to the beginning balance being revised by the audit by $445,800.

Raw XML AppendixShowing 400 of 1,703 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/BOYAmt040757
IRS990/AccountsReceivableGrp/EOYAmt022257
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON.
IRS990/AllOtherContributionsAmt06928419
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PIONEER TRUST BANK NA
IRS990/BooksInCareOfDetail/PhoneNum05033633136
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0109 COMMERCIAL ST NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SALEM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd097301
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0504172
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0504172
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06928419
IRS990/CYGrantsAndSimilarPaidAmt010771238
IRS990/CYInvestmentIncomeAmt02235251
IRS990/CYOtherExpensesAmt0106585
IRS990/CYOtherRevenueAmt0375581
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1842744
IRS990/CYSalariesCompEmpBnftPaidAmt0504172
IRS990/CYTotalExpensesAmt011381995
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09539251
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0CHARITABLE DISTRIBUTIONS WERE MADE TO 185 TAX-EXEMPT ORGANIZATIONS. THE MAJORITY OF CONTRIBUTIONS ARE MADE TO ORGANIZATIONS IN THE VICINITY OF SALEM, OREGON.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd01
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt05746168
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0986530
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt010693013
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt053217
IRS990/FeesForServicesAccountingGrp/TotalAmt053217
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01473
IRS990/FeesForServicesLegalGrp/TotalAmt01473
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0PIONEER TRUST BANK NA
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0DEBRA LUSH
IRS990/Form990PartVIISectionAGrp/PersonNm1LAURA TESLER
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN CONDELLO
IRS990/Form990PartVIISectionAGrp/PersonNm3LOUIS-CLAUDE NGUEA-NJOH
IRS990/Form990PartVIISectionAGrp/PersonNm4TERRY HANCOCK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5492835
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0COMMITTEE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01930
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01228096
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt010693013
IRS990/GrantsPayableGrp/BOYAmt0735862
IRS990/GrantsPayableGrp/EOYAmt0226030
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt078225
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt078225
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010693013
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010693013
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07164214
IRS990/GrossReceiptsAmt016327729
IRS990/GrossRentsGrp/RealAmt01207728
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt06000
IRS990/IntangibleAssetsGrp/EOYAmt06000
IRS990/InvestmentIncomeGrp/ExclusionAmt01007155
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01007155
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt029374359
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt032820124
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09434
IRS990/InvestmentsPubTradedSecGrp/EOYAmt010062
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03491087
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02855798
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02839162
IRS990/LandBldgEquipCostOrOtherBssAmt06330249
IRS990/LegalDomicileStateCd0OR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05936118
IRS990/LessRentalExpensesGrp/RealAmt0852360
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt038772407
IRS990/NetAssetsOrFundBalancesEOYAmt037295060
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01228096
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01228096
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0355368
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0355368
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0365397
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt033026239
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt036308530
IRS990/NoncashContributionsAmt0578632
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01052410
IRS990/OtherAssetsTotalGrp/EOYAmt01051457
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GENERAL AND ADMINISTRAT
IRS990/OtherExpensesGrp/Desc1MAKE MUSIC DAY EXPENSES
IRS990/OtherExpensesGrp/Desc2DEPARTMENT OF JUSTICE F
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026060
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12400
IRS990/OtherExpensesGrp/ProgramServicesAmt023435
IRS990/OtherExpensesGrp/TotalAmt026060
IRS990/OtherExpensesGrp/TotalAmt123435
IRS990/OtherExpensesGrp/TotalAmt22400
IRS990/OtherLiabilitiesGrp/BOYAmt050413
IRS990/OtherLiabilitiesGrp/EOYAmt053442
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020213
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020213
IRS990/OtherRevenueTotalAmt020213
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt014873
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08586
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04759638
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PAUL MCHERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE SCHOLARSHIPS WERE AWARDED TO 32 STUDENTS IN THE SALEM AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt078225
IRS990/ProgSrvcAccomActy2Grp/GrantAmt078225
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDED FISCAL SPONSORSHIP OF THE ANNUAL MAKE MUSIC DAY SALEM EVENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt023435
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08369052
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06111186
IRS990/PYInvestmentIncomeAmt01552416
IRS990/PYOtherExpensesAmt027932
IRS990/PYOtherRevenueAmt0451243
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03759640
IRS990/PYSalariesCompEmpBnftPaidAmt0473953
IRS990/PYTotalExpensesAmt06613071
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010372711
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1842744
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0355368
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01445413
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0816884
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE SALEM FOUNDATION IS A COMMUNITY TRUST WHICH TYPICALLY ATTRACTS LARGE CONTRIBUTIONS FROM FEWER DONORS FOR THE BENEFIT OF THE SALEM, OREGON COMMUNITY. ITS GOVERNING BODY IS REPRESENTATIVE OF THE COMMUNITY; IT MAKES GRANTS AMONG OTHER SECTION 501(C)(3) ORGANIZATIONS IN THE AREA; AND IT SOLICITS CONTRIBUTIONS AS IS APPROPRIATE TO ITS STANDING IN THE COMMUNITY BY WORD OF MOUTH, PAMPHLETS, WEBSITE AND OCCASIONAL PUBLICITY. THE SALEM FOUNDATION ENGAGES IN FUND RAISING BY MAKING RESIDENTS, LOCAL BANKS, LAWYERS, AND OTHER PROFESSIONALS IN THE COMMUNITY AWARE OF ITS CHARITABLE PURPOSES IN AND AROUND SALEM. AS IS TYPICAL OF A COMMUNITY TRUST, THE SALEM FOUNDATION MEETS THE 10% FACTS AND CIRCUMSTANCES PUBLIC SUPPORT TEST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: BEQUEST DATE: 04/30/21 AMOUNT: 403500. DESCRIPTION: BEQUEST DATE: 04/30/23 AMOUNT: 56485. DESCRIPTION: BEQUEST DATE: 04/30/24 AMOUNT: 55469. DESCRIPTION: BEQUEST DATE: 04/30/24 AMOUNT: 4244184.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06928419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04072914
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01868933
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02988425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02246323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018105014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02214883
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01969379
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01682097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01529736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01643487
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09039582
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt020213
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06877
IRS990ScheduleA/OtherIncome170Grp/TotalAmt027090
IRS990ScheduleA/PublicSupportCY170Pct00.14640
IRS990ScheduleA/PublicSupportPY170Pct00.16790
IRS990ScheduleA/PublicSupportTotal170Amt03978826
IRS990ScheduleA/SubstantialContributorsTotAmt014126188
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06928419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04072914
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01868933
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02988425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02246323
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018105014
IRS990ScheduleA/TotalSupportAmt027171686
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt01178243
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02086057
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03264300
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt098165
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05719438
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01303304
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07173647
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0122305
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0371375
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt078908
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05152551
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0189140
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05719438
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt089925
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0546580
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt061560
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04623935
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt011047
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04706751
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt045894
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0179223
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt065719
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04720428
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt014340
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04623935
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt043663
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1451
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt056905
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03428296
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0409985
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04720428
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt044918
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0983970
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt04520629
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt05145123
IRS990ScheduleD/DonorAdvisedFundsHeldCnt018
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt012279175
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0852360
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011381995
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01237200
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01237200
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0423719
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01405030
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01828749
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0365397
IRS990ScheduleD/OtherExpensesIncludedAmt0852360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0852360
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt032820124
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON TRUST FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt01217757
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09539251
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS A NONPRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE OF 1986. AN EXEMPTION FROM THE STATE OF OREGON CORPORATION EXCISE TAX IS PROVIDED BY OREGON REVISED STATUTES 317.080. THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM ANY BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FOUNDATION DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AT APRIL 30, 2025.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3THE TRUSTEE INVESTS, MANAGES, AND DISTRIBUTES ENDOWMENT FUNDS SUBJECT TO THE FOUNDATION'S GOVERNING DOCUMENTS AND THE OREGON UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA). THE GOVERNING DOCUMENTS PROVIDE THAT UP TO 4% OF THE CORPUS OF ANY ONE OR MORE OF THE ENDOWMENT FUNDS IN ANY ONE CALENDAR YEAR MAY BE APPROPRIATED FOR DISTRIBUTION. THE INVESTMENT POLICY CONSIDERS THE NEEDS AND OBJECTIVES OF EACH FUND AND ATTEMPTS TO MAXIMIZE TOTAL RETURN CONSISTENT WITH AN ACCEPTABLE LEVEL OF RISK. ENDOWMENT ASSETS ARE INVESTED IN A WELL-DIVERSIFIED ASSET MIX THAT IS INTENDED TO RESULT IN AN INFLATION-PROTECTED RATE OF RETURN THAT HAS SUFFICIENT LIQUIDITY TO MAKE AN ANNUAL DISTRIBUTION OF 4% WHILE GROWING THE FUND IF POSSIBLE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4THE CURRENT YEAR BEGINNING OF YEAR BALANCE IS GREATER THAN THE PRIOR YEAR END OF YEAR BALANCE DUE TO THE BEGINNING BALANCE BEING REVISED BY THE AUDIT BY $445,800.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART V ENDOWMENT FUNDS LINE 1A BEGINNING OF YEAR BALANCE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02839162
IRS990ScheduleD/TotalBookValueSecuritiesAmt032820124
IRS990ScheduleD/TotalExpensesPerForm990Amt011381995
IRS990ScheduleD/TotalLiabilityAmt053442
IRS990ScheduleD/TotalRevenuePerForm990Amt09539251
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010757008
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012234355
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt078225
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS TO INSTITUTIONS F/B/O STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt032
IRS990ScheduleI/RecipientTable/CashGrantAmt0390000
IRS990ScheduleI/RecipientTable/CashGrantAmt16500
IRS990ScheduleI/RecipientTable/CashGrantAmt212196
IRS990ScheduleI/RecipientTable/CashGrantAmt312060
IRS990ScheduleI/RecipientTable/CashGrantAmt412634
IRS990ScheduleI/RecipientTable/CashGrantAmt580000
IRS990ScheduleI/RecipientTable/CashGrantAmt612480
IRS990ScheduleI/RecipientTable/CashGrantAmt712184
IRS990ScheduleI/RecipientTable/CashGrantAmt850000
IRS990ScheduleI/RecipientTable/CashGrantAmt942000
IRS990ScheduleI/RecipientTable/CashGrantAmt1011446
IRS990ScheduleI/RecipientTable/CashGrantAmt11125000
IRS990ScheduleI/RecipientTable/CashGrantAmt1212370
IRS990ScheduleI/RecipientTable/CashGrantAmt1312408
IRS990ScheduleI/RecipientTable/CashGrantAmt1412000
IRS990ScheduleI/RecipientTable/CashGrantAmt151601579
IRS990ScheduleI/RecipientTable/CashGrantAmt1625000
IRS990ScheduleI/RecipientTable/CashGrantAmt1712722
IRS990ScheduleI/RecipientTable/CashGrantAmt1812454
IRS990ScheduleI/RecipientTable/CashGrantAmt1912492
IRS990ScheduleI/RecipientTable/CashGrantAmt2012420
IRS990ScheduleI/RecipientTable/CashGrantAmt2131000
IRS990ScheduleI/RecipientTable/CashGrantAmt2231940
IRS990ScheduleI/RecipientTable/CashGrantAmt2312325
IRS990ScheduleI/RecipientTable/CashGrantAmt2420000
IRS990ScheduleI/RecipientTable/CashGrantAmt2533687
IRS990ScheduleI/RecipientTable/CashGrantAmt2612518
IRS990ScheduleI/RecipientTable/CashGrantAmt278237
IRS990ScheduleI/RecipientTable/CashGrantAmt2812096
IRS990ScheduleI/RecipientTable/CashGrantAmt296202
IRS990ScheduleI/RecipientTable/CashGrantAmt30320000

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