2025-03-14T14:13:19-05:00 2024-04-30 850203431 REDW LLC 475 COTTAGE STREET NE SUITE 200 SALEM OR 97301 990 2023-05-01 936018523 THE SALEM FOUNDATION SALE 5033633136 CO PIONEER TRUST BANK PO BOX 2305 SALEM OR 97308 MICHELLE L HOWELL VP & SENIOR TRUST MANAGER 5033633136 2025-03-11 1 0 LARRY E GRANT CPA P00145717 5035817788 2025-03-11 2023 2025-03-06 01:10:19Z PAUL MCHERMAN C/O PIONEER TRUST BANK PO BOX 2305 SALEM OR 97308 13499142 0 X WWW.SALEMFOUNDATION.ORG X 1930 OR THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON. 5 5 0 5 0 0 1928933 8369052 0 0 945250 1552416 471485 451243 3345668 10372711 3625222 6111186 0 0 460436 473953 0 0 0 33332 27932 4118990 6613071 -773322 3759640 34545619 39558682 227710 786275 34317909 38772407 THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON. 0 0 6031703 6031703 CHARITABLE DISTRIBUTIONS WERE MADE TO 109 TAX-EXEMPT ORGANIZATIONS. THE MAJORITY OF CONTRIBUTIONS ARE MADE TO ORGANIZATIONS IN THE VICINITY OF SALEM, OREGON. 79483 79483 COLLEGE SCHOLARSHIPS WERE AWARDED TO 30 STUDENTS IN THE SALEM AREA. 17956 PROVIDED FISCAL SPONSORSHIP OF THE ANNUAL MAKE MUSIC DAY SALEM EVENT. 6129142 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 OR X PIONEER TRUST BANK NA 5033633136 109 COMMERCIAL ST NE SALEM OR 97301 BRIAN CONDELLO COMMITTEE MEMBER 0.25 X 0 0 0 LAURA TESLER COMMITTEE MEMBER 0.25 X 0 0 0 DEBRA LUSH COMMITTEE CHAIRMAN 0.25 X 0 0 0 LOUIS-CLAUDE NGUEA-NJOH COMMITTEE MEMBER 0.25 X 0 0 0 TERRY HANCOCK COMMITTEE MEMBER 0.25 X 0 0 0 PIONEER TRUST BANK NA TRUSTEE 40.00 X 459028 0 0 459028 0 0 0 0 0 0 0 8369052 2587637 8369052 834556 834556 1134823 690457 444366 444366 444366 3153834 2435974 717860 717860 717860 MISCELLANEOUS INCOME 900099 6877 6877 6877 10372711 6877 0 1996782 6031703 6031703 79483 79483 473953 473953 2696 2696 50 50 276 276 MAKE MUSIC DAY EXPENSES 17956 17956 GENERAL AND ADMINISTRAT 4554 4554 DEPARTMENT OF JUSTICE F 2400 2400 6613071 6129142 483929 0 1444693 1445413 463500 4759638 40757 22164 14873 6226229 3370431 2964538 2855798 9520 9434 28602311 29374359 6000 6000 1032893 1052410 34545619 39558682 192000 735862 35710 50413 227710 786275 X 32874669 33026239 1443240 5746168 34317909 38772407 34545619 39558682 3759640 694858 0 X 0 1 X 1 0 X 1143836 2649823 2988425 1928933 8369052 17080069 1143836 2649823 2988425 1928933 8369052 17080069 8833203 8246866 1611900 1643487 1529736 1682097 1969379 8436599 6877 6877 25523545 0.32310 0.19200 X THE 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17 40274 1565367 11176387 1 1 5152551 189140 546580 89925 78908 5719438 4623935 11047 179223 45894 61560 4706751 4720428 14340 -1451 43663 65719 4623935 3428296 409985 983970 44918 56905 4720428 3339572 12730 176750 50864 49892 3428296 1.00000 0 0 1237200 1237200 3264300 2020771 1243529 1724729 1349660 375069 2855798 COMMON TRUST FUNDS 29374359 F 29374359 REFUNDABLE DEPOSITS 50413 50413 X 11758026 694858 690457 1385315 10372711 0 10372711 7303528 690457 690457 6613071 0 6613071 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 NON-PRIVATE FOUNDATION UNDER SECTION 509(A)(L) 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 BUSINESS ACTIVITIES THAT IS 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, 2024. 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. 1 HOME SHARE OREGON PO BOX 18222 PORTLAND OR 97218 863754694 501(C)(3) 105000 0 CHARITABLE DISTRIBUTION MCLARAN LEADERSHIP FOUNDATION 1110 COMMERCIAL ST NE SALEM OR 97301 920409322 501(C)(3) 10000 0 CHARITABLE DISTRIBUTION SALEM-KEIZER SCHOOL DISTRICT PO BOX 12024 SALEM OR 973090024 936000763 SALEM-KEIZER SCHOOL 12136 0 CHARITABLE DISTRIBUTION ABBEY FOUNDATION OF OREGON PO BOX 497 ST BENEDICT OR 973730497 043703021 501(C)(3) 390000 0 CHARITABLE DISTRIBUTION SALEM FREE CLINICS 1300 BROADWAY AVE 104 SALEM OR 97301 203549992 501(C)(3) 30000 0 CHARITABLE DISTRIBUTION CONGREGATIONS HELPING PEOPLE PO BOX 12412 SALEM OR 97309 204581812 501(C)(3) 19500 0 CHARITABLE DISTRIBUTION SALEM HEALTH FOUNDATION PO BOX 14001 SALEM OR 973099976 237002687 501(C)(3) 440695 0 CHARITABLE DISTRIBUTION OHSU FOUNDATION FBO DOERNBECHER CHILDREN'S HOSPITAL ATTN OFFICE OF GIFT PLANNING PORTLAND OR 97201 237083114 501(C)(3) 16442 0 CHARITABLE DISTRIBUTION COMMUNITY RESOURCE TRUST 201 FERRY ST SE STE 400 SALEM OR 97301 272773359 501(C)(3) 90480 0 CHARITABLE DISTRIBUTION HIGHER EDUCATION COORDINATING COMMISSIONOSAC 3225 25TH ST SE SALEM OR 97302 371737848 501(C)(3) 15000 0 CHARITABLE DISTRIBUTION CENTER FOR HOPE AND SAFETY 605 CENTER ST NE SALEM OR 97301 510141214 501(C)(3) 45000 0 CHARITABLE DISTRIBUTION OREGON SPINAL CORD INJURY CONNECTION 6645 NE 78TH CT SUITE C6 PORTLAND OR 97218 811037564 501(C)(3) 20000 0 CHARITABLE DISTRIBUTION SALEM MAIN STREET ASSOCIATION PO BOX 103 SALEM OR 97301 814369183 501(C)(3) 20000 0 CHARITABLE DISTRIBUTION GREATER SALEM YOUNG LIFE PO BOX 3865 SALEM OR 97302 840385934 501(C)(3) 12500 0 CHARITABLE DISTRIBUTION CHURCH AT THE PARK PO BOX 109 SALEM OR 97308 853235718 501(C)(3) 20000 0 CHARITABLE DISTRIBUTION SANTIAM CANYON TOOL LIBRARY 1110 NE ROSEWOOD ST SUBLIMITY OR 973859572 861690131 501(C)(3) 15800 0 CHARITABLE DISTRIBUTION SALEM FOR REFUGEES ASSOCIATION 1400 BROADWAY ST NE SALEM OR 97301 863735350 501(C)(3) 26500 0 CHARITABLE DISTRIBUTION OREGON HEALTH AND EDUCATION COLLABORATIVE PO BOX 2466 WILSONVILLE OR 97070 882968875 501(C)(3) 95000 0 CHARITABLE DISTRIBUTION GONZAGA UNIVERSITY OFFICE OF UNIVERSITY RELATIONS SPOKANE WA 99258 910236600 501(C)(3) 12500 0 CHARITABLE DISTRIBUTION WILLAMETTE UNIVERSITY OFFICE OF GIFT PLANNING 900 STATE STREET SALEM OR 97301 930386972 501(C)(3) 300000 0 CHARITABLE DISTRIBUTION FAMILY YMCA OF MARION & POLK CO PO BOX 110 SALEM OR 97308 930386982 501(C)(3) 575330 0 CHARITABLE DISTRIBUTION BENEDICTINE SISTERS OF MT ANGEL 840 S MAIN STREET MT ANGEL OR 97362 930387331 501(C)(3) 50000 0 CHARITABLE DISTRIBUTION CATHOLIC COMMUNITY SERVICES FOUNDATION PO BOX 20400 SALEM OR 973070400 930388917 501(C)(3) 500000 0 CHARITABLE DISTRIBUTION UNITED WAY OF THE MID-WILLAMETTE VALLE 455 BLILER AVE NE SALEM OR 97303 930395586 501(C)(3) 225000 0 CHARITABLE DISTRIBUTION SANTIAM MEMORIAL HOSPITAL 1401 N 10TH AVE STAYTON OR 97383 930415219 501(C)(3) 100000 0 CHARITABLE DISTRIBUTION SALEM ART ASSOCIATION 600 MISSION STREET SE SALEM OR 97302 930421613 501(C)(3) 46000 0 CHARITABLE DISTRIBUTION JESUIT HIGH SCHOOL 9000 SW BEAVERTON HILLSDALE HWY PORTLAND OR 97225 930448866 501(C)(3) 10000 0 CHARITABLE DISTRIBUTION UNION GOSPEL MISSION PO BOX 431 SALEM OR 973080431 930457267 501(C)(3) 360150 0 CHARITABLE DISTRIBUTION BOYS & GIRLS CLUB OF SALEM 1395 SUMMER ST NE SALEM OR 97301 930581470 501(C)(3) 6830 0 CHARITABLE DISTRIBUTION ST TIMOTHY'S EPISCOPAL CHURCH PO BOX 7416 SALEM OR 97303 930754686 501(C)(3) 40000 0 CHARITABLE DISTRIBUTION AUMSVILLE CEMETERY ASSOCIATION PO BOX 166 AUMSVILLE OR 97325 930849595 501(C)(3) 5678 0 CHARITABLE DISTRIBUTION CATHOLIC COMMUNITY SERVICES 3737 PORTLAND ROAD NE SALEM OR 97301 930903773 501(C)(3) 263455 0 CHARITABLE DISTRIBUTION ST FRANCIS FAMILY HOUSING 1820 BERRY ST SE SALEM OR 97302 930943539 501(C)(3) 67275 0 CHARITABLE DISTRIBUTION GILBERT HOUSE CHILDRENS MUSEUM 116 MARION STREET NE SALEM OR 97301 930948548 501(C)(3) 75000 0 CHARITABLE DISTRIBUTION HABITAT FOR HUMANITY OF THE MID-WILLIAMETTE VALLEY 1220 12TH ST SE SALEM OR 97302 931025497 501(C)(3) 7000 0 CHARITABLE DISTRIBUTION CAPITAL FUTBOL CLUB 1678 LIBERTY ST SE SALEM OR 97302 931069211 501(C)(3) 250000 0 CHARITABLE DISTRIBUTION DAYSPRING FELLOWSHIP 1755 LOCKHAVEN DR NE KEIZER OR 97303 931076612 501(C)(3) 6078 0 CHARITABLE DISTRIBUTION ABIQUA SCHOOL FOUNDATION 6974 BATES ROAD SOUTH SALEM OR 97306 931109798 501(C)(3) 7500 0 CHARITABLE DISTRIBUTION HOLY FAMILY ACADEMY PO BOX 842 MT ANGEL OR 97362 931113346 501(C)(3) 25106 0 CHARITABLE DISTRIBUTION SALEM LEADERSHIP FOUNDATION PO BOX 7384 SALEM OR 973030083 931215089 501(C)(3) 12500 0 CHARITABLE DISTRIBUTION FAMILY BUILDING BLOCKS INC 2425 LANCASTER DR NE SALEM OR 97305 931233373 501(C)(3) 828241 0 CHARITABLE DISTRIBUTION FAMILY PROMISE OF THE MID-WILLAMETTE VALLEY 1055 EDGEWATER ST NW SALEM OR 97304 931234367 501(C)(3) 13400 0 CHARITABLE DISTRIBUTION LIBERTY HOUSE 2685 4TH ST NE SALEM OR 97301 931236936 501(C)(3) 186000 0 CHARITABLE DISTRIBUTION JEFFERSON SCHOOL DISTRICT 14J 1328 N 2ND STREET JEFFERSON OR 97352 936000758 501(C)(3) 75000 0 CHARITABLE DISTRIBUTION CITY OF SALEM 1457 23RD STREET SE SALEM OR 97302 936002249 CITY OF SALEM 27824 0 CHARITABLE DISTRIBUTION SALEM FNDN-PIONEER CEM SPEC PROJ FD PO BOX 2305 SALEM OR 97308 936018523 501(C)(3) 11601 0 CHARITABLE DISTRIBUTION OREGON SYMPHONY ASSOCIATION IN SALEM 851 SW 6TH AVE SUITE 385 PORTLAND OR 97205 936031819 501(C)(3) 12964 0 CHARITABLE DISTRIBUTION CHEMEKETA COMMUNITY COLLEGE FNDN PO BOX 14007 SALEM OR 973097070 936097106 501(C)(3) 23918 0 CHARITABLE DISTRIBUTION THE SALVATION ARMY SALEM CORPS PO BOX 7047 SALEM OR 97303 941156347 501(C)(3) 20330 0 CHARITABLE DISTRIBUTION MARION POLK FOOD SHARE INC 1660 SALEM INDUSTRIAL DRIVE NE SALEM OR 97301 943034161 501(C)(3) 103129 0 CHARITABLE DISTRIBUTION HORSES OF HOPE OREGON 2895 CLOVERDALE DR SE TURNER OR 97392 943090354 501(C)(3) 91000 0 CHARITABLE DISTRIBUTION FOCUS ON THE FAMILY ATTN GIFT ESTATE PLANNING COLORADO SPRINGS CO 80920 953188150 501(C)(3) 6079 0 CHARITABLE DISTRIBUTION INSIGHT FOR LIVING 5330 PARKWOOD BLVD FRISCO TX 75034 953392299 501(C)(3) 6079 0 CHARITABLE DISTRIBUTION SALEM PARKS FOUNDATION PO BOX 5764 SALEM OR 97304 931300126 501(C)(3) 15000 0 CHARITABLE DISTRIBUTION BLANCHET CATHOLIC SCHOOL 4373 MARKET STREET NE SALEM OR 97301 931171184 501(C)(3) 50000 0 CHARITABLE DISTRIBUTION CATHOLIC BROADCASTING KBVM PO BOX 5888 PORTLAND OR 97228 930838318 501(C)(3) 12000 0 CHARITABLE DISTRIBUTION FR BERNARD YOUTH CENTER PO BOX 790 MT ANGEL OR 97362 020658798 501(C)(3) 60000 0 CHARITABLE DISTRIBUTION GARTEN SERVICES INC 500 HAWTHORNE AVE SE SALEM OR 97301 930582004 501(C)(3) 12396 0 CHARITABLE DISTRIBUTION MID-VALLEY YOUTH FOR CHRIST PO BOX 2161 SALEM OR 97308 930620928 501(C)(3) 12146 0 CHARITABLE DISTRIBUTION OREGON RIGHT TO LIFE EDUCATION FOUNDATION 4335 RIVER ROAD N KEIZER OR 97303 510153335 501(C)(3) 12180 0 CHARITABLE DISTRIBUTION QUEEN OF PEACE CATHOLIC CHURCH 4170 PULLMAN AVE SE SALEM OR 97302 930513650 501(C)(3) 12348 0 CHARITABLE DISTRIBUTION ST AUGUSTINE PARISH LINCOLN CITY OREGON 1151 NW INLET AVENUE LINCOLN CITY OR 97367 930463597 501(C)(3) 12240 0 CHARITABLE DISTRIBUTION 64 COLLEGE SCHOLARSHIPS TO INSTITUTIONS F/B/O STUDENTS 28 79483 PART I, LINE 2: THE SALEM FOUNDATION VERIFIES THAT THE RECIPIENTS OF GRANTS ARE QUALIFIED 501(C)(3) ORGANIZATIONS AND PROVIDES A LETTER OF INSTRUCTION REGARDING THE USE OF THE GRANTS. UNLESS SPECIFIED BY THE ADVISOR OF A DONOR-ADVISED FUND, NO FORMAL REPORTS ON THE USE OF GRANTS ARE REQUIRED FROM THE RECIPIENTS. X 5 2587637 STOCK EXCHANGE 0 0 0 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.