efile Public Visual Render
ObjectId: 202032749349100723 - Submission: 2020-09-30
TIN: 94-3334424
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
ROBERT AND RUTH HALPERIN FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
ONE LOMBARD STREET SUITE 305
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO
,
CA
94111
A Employer identification number
94-3334424
B
Telephone number (see instructions)
(415) 834-9934
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
177,565,377
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
3,838
2
Check
.............
3
Interest on savings and temporary cash investments
299
299
4
Dividends and interest from securities
...
4,181,218
4,181,218
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
1,650,704
b
Gross sales price for all assets on line 6a
4,961,628
7
Capital gain net income (from Part IV, line 2)
...
1,650,704
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
-42,040
-42,040
12
Total.
Add lines 1 through 11
........
5,794,019
5,790,181
13
Compensation of officers, directors, trustees, etc.
1,593
478
1,115
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
38,049
38,049
c
Other professional fees (attach schedule)
....
394,616
394,616
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
218,667
218,667
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
522,220
236,191
286,029
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,175,145
888,001
287,144
25
Contributions, gifts, grants paid
.......
8,481,000
8,481,000
26
Total expenses and disbursements.
Add lines 24 and 25
9,656,145
888,001
8,768,144
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-3,862,126
b
Net investment income
(if negative, enter -0-)
4,902,180
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Page 2
Form 990-PF (2019)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
583,784
233,316
233,316
2
Savings and temporary cash investments
.........
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
131,513,543
129,524,302
167,914,006
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
10,804,369
9,334,230
9,418,055
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
1
3
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
142,901,697
139,091,851
177,565,377
17
Accounts payable and accrued expenses
..........
6,647
58,926
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
6,647
58,926
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
142,895,050
139,032,925
29
Total net assets or fund balances
(see instructions)
.....
142,895,050
139,032,925
30
Total liabilities and net assets/fund balances
(see instructions)
.
142,901,697
139,091,851
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
142,895,050
2
Enter amount from Part I, line 27a
.....................
2
-3,862,126
3
Other increases not included in line 2 (itemize)
3
1
4
Add lines 1, 2, and 3
..........................
4
139,032,925
5
Decreases not included in line 2 (itemize)
5
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
139,032,925
Form
990-PF
(2019)
Page 3
Form 990-PF (2019)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
SCHWAB CAPITAL GAINS DIVIDENDS
P
2019-12-31
2019-12-31
b
DFA INTL CORE EQUTY
P
2019-12-31
2019-12-31
c
ISHARES COHEN AND STEERSREIT
P
2017-12-15
2019-07-11
d
INTEL CORP
P
2015-03-02
2019-10-11
e
SPDR S&P 500 EFF
P
2018-03-27
2019-09-19
SPDR S&P 500 EFF
P
2018-03-27
2019-07-11
GS MEZZANIN PARTNERS-SALES
P
2019-12-31
2019-12-31
MEDIA RADAR
P
2019-12-31
2019-12-31
NORTHGATE PRIVATE EQ FR K-1
P
2019-12-31
2019-12-31
NORTHGATE VENT PTRS II FR K-1
P
2019-12-31
2019-12-31
GREYLOCK -XI FR K-1
P
2019-12-31
2019-12-31
GREYLOCK -X FR K-1
P
2019-12-31
2019-12-31
NEW ENTER ASSOC FR K-1
P
2019-12-31
2019-12-31
UNIVERSITY TECH VENT FR K-1
P
2019-12-31
2019-12-31
WPC ENTER FUND II FR K-1
P
2019-12-31
2019-12-31
BAIN CAPITAL FD VII FR K-1
P
2019-12-31
2019-12-31
BAIN CAPITAL FD VIII FR K-1
P
2019-12-31
2019-12-31
GOLDEN GATE OPPOR FR K-1
P
2019-12-31
2019-12-31
GOLDEN GATE CAP IN II FR K-1
P
2019-12-31
2019-12-31
GOLDEN GATE CAP IN II-A FR K-1
P
2019-12-31
2019-12-31
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
435,943
435,943
b
649,960
527,540
122,420
c
98,704
87,907
10,797
d
2,547,947
1,616,510
931,437
e
407,052
353,905
53,147
403,449
353,905
49,544
119
119
1,835
1,835
10,383
-10,383
47,628
47,628
3,541
3,541
7,825
-7,825
84,612
84,612
1,741
1,741
3,624
-3,624
117,850
117,850
296,620
-296,620
161,247
161,247
25,606
-25,606
27,099
-27,099
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
435,943
b
122,420
c
10,797
d
931,437
e
53,147
49,544
119
1,835
-10,383
47,628
3,541
-7,825
84,612
1,741
-3,624
117,850
-296,620
161,247
-25,606
-27,099
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
1,650,704
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018
7,409,000
165,992,151
0.04464
2017
6,576,402
151,311,707
0.04346
2016
6,230,135
133,084,113
0.04681
2015
5,050,378
125,507,986
0.04024
2014
4,579,864
102,912,882
0.04450
2
Total
of line 1, column (d)
.....................
2
0.219653
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.043931
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
167,185,007
5
Multiply line 4 by line 3
......................
5
7,344,605
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
49,022
7
Add lines 5 and 6
........................
7
7,393,627
8
Enter qualifying distributions from Part XII, line 4
,.............
8
8,768,144
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2019)
Page 4
Form 990-PF (2019)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
49,022
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
3
Add lines 1 and 2
...........................
3
49,022
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
49,022
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
164,016
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
164,016
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
114,994
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
114,994
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
No
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
CA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2019)
Page 5
Form 990-PF (2019)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
JEAN WALLACE
Telephone no.
(707) 769-1769
Located at
811 BLUEGRASS DRIVE
PETALUMA
CA
ZIP+4
94954
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
No
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2019?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2019.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
4b
No
Form
990-PF
(2019)
Page 6
Form 990-PF (2019)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
PHILIP W HALPERIN
President
7.00
1,593
ONE LOMBARD STREET SUITE 305
SAN FRANCISCO
,
CA
94111
PEGGY DOW
Director
1.00
0
ONE LOMBARD STREET SUITE 305
SAN FRANCISCO
,
CA
94111
MARK HALPERIN
Director
1.00
0
ONE LOMBARD STREET SUITE 305
SAN FRANCISCO
,
CA
94111
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
Form
990-PF
(2019)
Page 7
Form 990-PF (2019)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
GOLDSTEIN MUNGER & ASSOCIATES
INVEST ADVISORY SERV
394,616
18 CROW CANYON COURT 250
SAN RAMON
,
CA
94583
Total
number of others receiving over $50,000 for professional services
.............
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2019)
Page 8
Form 990-PF (2019)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
158,942,666
b
Average of monthly cash balances
.......................
1b
760,703
c
Fair market value of all other assets (see instructions)
................
1c
10,027,603
d
Total
(add lines 1a, b, and c)
.........................
1d
169,730,972
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
3
Subtract line 2 from line 1d
.........................
3
169,730,972
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
2,545,965
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
167,185,007
6
Minimum investment return.
Enter 5% of line 5
..................
6
8,359,250
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
8,359,250
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
49,022
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
49,022
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
8,310,228
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
8,310,228
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
8,310,228
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
8,768,144
b
Program-related investments—total from Part IX-B
..................
1b
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
8,768,144
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
49,022
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
8,719,122
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2019)
Page 9
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
8,310,228
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
8,105,133
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
b
From 2015
......
c
From 2016
......
d
From 2017
......
e
From 2018
......
f
Total
of lines 3a through e
........
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
8,768,144
a
Applied to 2018, but not more than line 2a
8,105,133
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
663,011
e
Remaining amount distributed out of corpus
5
Excess distributions carryover applied to 2019.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
7,647,217
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
e
Excess from 2019
....
Form
990-PF
(2019)
Page 10
Form 990-PF (2019)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2019
(b)
2018
(c)
2017
(d)
2016
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2019)
Page 11
Form 990-PF (2019)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
MAKING WAVES
3220 BLUME DRIVE
RICHMOND
,
CA
94806
EOF
EDUCATION PROGRAM
50,000
JUMPSTART
235 MONTGOMERY ST 1025
SAN FRANCISCO
,
CA
94104
EOF
FUND GENERAL OPERATING
100,000
PARENTS FOR PUBLIC SCHOOLS
3543 18 STREET
SAN FRANCISCO
,
CA
94110
EOF
FURTHER CHARITABLE PURPOSE
50,000
NEXT GEN CLIMATE AMERICA INC
986 STREET FLOOR 1
SAN FRANCISCO
,
CA
94103
EOF
FUND GENERAL OPERATING
50,000
COMPASS FAMILY SERVICES
49 POWELL STREET 3RD FLOOR
SAN FRANCISCO
,
CA
94102
EOF
FUND GENERAL OPERATING
100,000
PARTNERS IN SCHOOL INNOVATION
1060 TENNESSEE STREET
SAN FRANCISCO
,
CA
94107
EOF
FURTHER CHARITABLE PURPOSE
170,000
NEW TEACHER CENTER
1205 PACIFIC AVENUE
SANTA CRUZ
,
CA
95060
EOF
FURTHER CHARITABLE PURPOSE
150,000
PORTOLA FAMILY CONNECTIONS
2565 SAN BRUNO AVE
SAN FRANCISCO
,
CA
94134
EOF
FUND GENERAL OPERATING
25,000
STANFORD UNIVERSITY
326 GALVEZ WAY
STANFORD
,
CA
94305
EOF
FURTHER CHARITABLE PURPOSE
1,825,000
FACING HISTORY OURSELVE
300 FRANK OGAWA PL 269
OAKLAND
,
CA
94612
EOF
HBS FELLOWSHIP PROGRAM
100,000
THE CALIFORNIA EDUCATION PARTNERS
ONE LOMBARD ST 305
SAN FRANCISCO
,
CA
94111
EOF
FUND GENERAL OPERATING
2,000,000
UNIVERSITY OF CHICAGO
5801 SOUTH ELLIS AVE
CHICAGO
,
IL
60637
EOF
FURTHER CHARITABLE PURPOSE
10,000
ALLIANCE FOR YOUTH ORGANI
915 - 5TH STREET NW
WASHINGTON
,
DC
20001
EOF
FURTHER CHARITABLE PURPOSE
50,000
JEWISH COMMUNITY FOUNDATION
3200 CALIFORNIA ST
SAN FRANCISCO
,
CA
94118
EOF
FURTHER CHARITABLE PURPOSE
1,000
AIM HIGH
2030 HARRISON ST 3RD FL
SAN FRANCISCO
,
CA
94110
EOF
EDUCATION PROGRAM
50,000
SAN FRANCISCO BOYS AND GIRLS CLUB
380 FULTON STREET
SAN FRANCISCO
,
CA
94102
EOF
EDUCATION PROGRAM
100,000
OCCIDENTAL COLLEGE
1600 CAMPUS ROAD M-33
LOS ANGELES
,
CA
90041
EOF
FURTHER CHARITABLE PURPOSE
200,000
SAFE SOUND
1757 WALLER ST
SAN FRANCISCO
,
CA
94117
EOF
EDUCATION PROGRAM
100,000
JAMESTOWN COMMUNITY CENTER
2929 19TH STREET
SAN FRANCISCO
,
CA
94110
EOF
FURTHER CHARITABLE PURPOSE.
50,000
EDUCATION TRUST WEST
1814 FRANKLIN STREET
OAKLAND
,
CA
94612
EOF
EDUCATIN PROGRAM.
50,000
UNIVERSITY OF MICHIGAN
610 EAST UNIVERSITY AVE
ANN ARBOR
,
MI
48109
EOF
EDUCATION PROGRAM
250,000
CALIF CHILDREN FAMILY FOUND
1115 ATLANTIC AVENUE
ALAMEDA
,
CA
94501
EOF
FURTHER CHARITABLE PURPOSE
75,000
POSSEE FOUNDATION
14 WALL STREET STE 8A-60
NEW YORK
,
NY
10005
EOF
FURTHER CHARITABLE PURPOSE.
50,000
OAKLAND INTERNATIONAL HIGH SCHOOL
4521 WEBSTER ST
OAKLAND
,
CA
94609
EOF
FURTHER CHRITABLE PURPOSE
250,000
SPRINGBOARD COLLABORATIVE
2 PENN CENTER 1500 JFK BLVD
PHILADELPHIA
,
PA
19102
EOF
GENERAL OPERATIONS
50,000
WHEN WE ALL VOTE
PO BOX 34673
WASHINGTON
,
DC
20005
EOF
FURTHER CHARITABLE PURPOSE
50,000
PARTNERSHIP FOR LA SCHOOLS
1055 WILSHIRE BLVD
LOS ANGELES
,
CA
90017
EOF
FURTHER CHARITABLE PURPOSE
250,000
SF COURT APPTD SPECIAL ADVOCATE
2535 MISSION ST
SAN FRANCISCO
,
CA
94110
GOV
FURTHER CHARITABLE PROGRAM
100,000
TEN STRANDS
PO BOX 150869
SAN RAFAEL
,
CA
94915
EOF
FURTHER CHARITABLE PURPOSE.
25,000
SAN DIEGO GRANTMAKERS
5060 SHOREHAM PLACE
SAN DIEGO
,
CA
94122
EOF
FURTHER CHARITABLE PURPOSE.
75,000
SILICON VALLEY COMMUNITY FDN
2440 W EL CAMINO REAL 300
MOUNTAIN VIEW
,
CA
94040
EOF
FURTHER CHARITABLE PURPOSE.
75,000
UCSF FOUNDATION
220 MONTGOMERY ST
SAN FRANCISCO
,
CA
94143
EOF
FURTHER CHARITABLE PURPOSE.
25,000
UNIVERSITY HIGH SCHOOL
3065 JACKSON STREET
SAN FRANCISCO
,
CA
94115
EOF
EDUCATION PROGRAM
25,000
PUBLIC POLICY INSTITUTE OF CA
500 WASHINGTON ST 600
SAN FRANCISCO
,
CA
94111
EOF
FURTHER CHARITABLE PURPOSE
10,000
SAN FRANCISCO MOMA
151 THIRD STREET
SAN FRANCISCO
,
CA
94103
EOF
GENERAL OPERATIONS
15,000
TIDES CENTER
1012 TORNEY AVE
SAN FRANCISCO
,
CA
94129
EOF
FURTHER CHARITABLE PURPOSE
350,000
ACLU
125 BROAD STREET 18TH FLOOR
NEW YORK
,
NY
10004
EOF
GENERAL OPERATIONS
25,000
ANTI DEFAMATION LEAGUE
605 THIRD AVENUE
NEW YORK
,
NY
10158
EOF
GENERAL OPERATIONS
75,000
PARTNERSHIP FOR CHILDREN YOUTH
1330 BROADWAY SUITE 601
OAKLAND
,
CA
94612
EOF
FURTHER CHARITABLE PURPOSE
50,000
SOBRATO EARLY ACADEMIC LANGUAGE
555 12TH STREET
OAKLAND
,
CA
94607
EOF
GENERAL OPERATIONS
250,000
NATIONAL WOMEN'S LAW CENTER
11 DUPONT CIRCLE NW 800
WASHINGTON
,
DC
20036
EOF
GENERAL OPERATIONS
25,000
INTL NETWORK FOR PUBLIC SCHOOLS
50 BROADWAY SUITE 2200
NEW YORK
,
NY
10004
EOF
FURTHER CHARITABLE PURPOSE
200,000
BRADY CENTER TO PREVENT GUN VIOLENC
840 FIRST ST NE SUITE 400
WASHINGTON
,
DC
20002
EOF
GENERAL OPERATIONS
50,000
MARCH FOR OUR LIVES FOUNDATION
PO BOX 8929
CORAL SPRINGS
,
FL
33071
EOF
FURTHER CHARITABLE PURPOSE
50,000
NEW VENTURE FUND
1201 CONNECTICUT AVE NW STE 300
WASHINGTON
,
DC
20036
EOF
FURTHE CHARITABLE PURPOSE
50,000
KQED
2601 MARIPOSA STREET
SAN FRANCISCO
,
CA
94704
EOF
FURTHER CHARITABLE PURPOSE
25,000
NATIONAL IMMIGRATION LAW CENTER
3450 WILSHIRE BLVD 108-62
LOS ANGELES
,
CA
90010
EOF
FURTHER CHARITABLE PURPOSE
100,000
SPARK SF PUBLIC SCHOOLS
135 VAN NEXX AVE RM 119
SAN FRANCISCO
,
CA
94102
EOF
FURTHER CHARITABLE PURPOSE
225,000
UNBOUND ED
PO BOX 69046
BALTIMORE
,
MD
21264
EOF
CHARITABLE PURPOSE
150,000
ALDER GRADUATE SCHOOL OF EDUCATION
2946 BROADWAY ST SUITE B
REDWOOD CITY
,
CA
94062
EOF
FURTHER CHARITABLE PURPOSE
200,000
SCHWAB CHARITABLE FUND
PO BOX 628298
ORLANDO
,
FL
32862
EOF
FURTHER CHARITABLE PURPOSE
100,000
Total
.................................
3a
8,481,000
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2019)
Page 12
Form 990-PF (2019)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
299
4
Dividends and interest from securities
....
14
4,181,218
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
1,650,704
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
BAIN CAPITAL (SQ) VIII LP
14
b
BAIN CAPITAL FD VII&VIII
14
55
c
CCG INVESTMENT BVI LP
14
d
CCG INVESTMENT FUND LP
14
e
CHENGWEI VENTURES FD I
14
f
GOLDEN GATE CAP INV FD II
14
g
GOLDEN GATE CAP INV FDIIA
14
h
GOLDEN GATE CAP INV II-BV
14
i
GOLDEN GATE INV II-A ADJ
14
j
GOLDEN GATE OPPORTUNITY
14
-34,024
k
GREYLOCK X AND XI LP
14
l
GS MEZZANINE LLP
14
-17
m
NEW ENTERPRISE FUND II
14
-7,889
n
NORTHGATE PRIVATE EQUITY
14
-16
o
NORTHGATE VENTURE PTR II
14
-143
p
UNIVERSITY TECH VENTURES
14
-6
q
WPC ENTERPRENEUR FUND II
14
12
Subtotal. Add columns (b), (d), and (e)
..
5,790,181
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
5,790,181
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
34
INTEREST AND DIVIDENDS TO BE USED FOR QUALIFYING DISTRIBUTIONS TO PUBLIC CHARITIES.
811
INVESTMENT INCOME TO BE USED FOR QUALIFYING DISTRIBUTIONS TO PUBLIC CHARITIES.
Form
990-PF
(2019)
Page 13
Form 990-PF (2019)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2020-09-30
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
JASMINE C CLARIDAD
Preparer's Signature
Date
Check if self-
employed
PTIN
P00377442
Firm's name
Claridad & Crowe CPAs
Firm's EIN
94-2832921
Firm's address
PO Box 907
Mill Valley
,
CA
94942
Phone no.
(415) 888-3645
Form
990-PF
(2019)
Additional Data
Software ID:
19009920
Software Version:
2019v5.0
Form 990PF - Special Condition Description:
Special Condition Description