Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
TERASAKI FAMILY FOUNDATION
FKA THE PAUL I TERASAKI FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)11570 OLYMPIC BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90064
A Employer identification number

95-4249502
B Telephone number (see instructions)

(310) 479-6101
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$61,233,501J Accounting method:
 
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 4,213,928
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,396,051 1,396,051 1,396,051
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -123,534
b Gross sales price for all assets on line 6a 43,217,767
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 10,637
b Less: Cost of goods sold.... 62,777
c Gross profit or (loss) (attach schedule)..... Click to see attachment -52,140 -52,140
11 Other income (attach schedule)....... Click to see attachment 129,729 81,649  
12 Total. Add lines 1 through 11........ 5,564,034 1,477,700 1,343,911
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 208,072     135,217
14 Other employee salaries and wages...... 1,222,892     1,069,463
15 Pension plans, employee benefits....... 40,841     35,366
16a Legal fees (attach schedule)......... Click to see attachment 29,440      
b Accounting fees (attach schedule)....... Click to see attachment 126,374      
c Other professional fees (attach schedule).... Click to see attachment 2,010      
17 Interest............... 893 546 546  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 306,015 17,005 17,005 63,915
19 Depreciation (attach schedule) and depletion... Click to see attachment 40,866    
20 Occupancy.............. 97,251     30,909
21 Travel, conferences, and meetings....... 7,023     7,023
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 795,218 397,922 397,922 347,902
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,876,895 415,473 415,473 1,689,795
25 Contributions, gifts, grants paid....... 2,260,073 2,260,073
26 Total expenses and disbursements. Add lines 24 and 25 5,136,968 415,473 415,473 3,949,868
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 427,066
b Net investment income (if negative, enter -0-) 1,062,227
c Adjusted net income (if negative, enter -0-)... 928,438
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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
Assets 1 Cash—non-interest-bearing.............   1,848 1,848
2 Savings and temporary cash investments......... 6,571,004 3,845,682 3,845,682
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 93,870 50,850 50,850
9 Prepaid expenses and deferred charges..........   5,448 5,448
10a Investments—U.S. and state government obligations (attach schedule) 1,241,686 Click to see attachment1,325,275 1,296,395
b Investments—corporate stock (attach schedule)....... 30,611,374 Click to see attachment33,389,537 35,396,850
c Investments—corporate bonds (attach schedule)....... 858,356 Click to see attachment655,331 644,106
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 20,692,096 Click to see attachment20,844,480 19,992,322
14 Land, buildings, and equipment: basis bullet638,603
Less: accumulated depreciation (attach schedule) bullet568,051 108,583 Click to see attachment70,552  
15 Other assets (describe bullet) Click to see attachment217,844 Click to see attachment240,887  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 60,394,813 60,429,890 61,233,501
Liabilities 17 Accounts payable and accrued expenses..........    
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 bullet)   Click to see attachment8
23 Total liabilities (add lines 17 through 22).........   8
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 60,394,813 60,429,882
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 60,394,813 60,429,882
31 Total liabilities and net assets/fund balances (see instructions). 60,394,813 60,429,890
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
60,394,813
2
Enter amount from Part I, line 27a .....................
2
427,066
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
878,957
4
Add lines 1, 2, and 3 ..........................
4
61,700,836
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,270,954
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
60,429,882
Form 990-PF (2015)
Form 990-PF (2015)
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 ML 04147 - SEE ATTACHED P 2013-03-21 2015-10-29
b ML 02277 - SEE ATTACHED P 2015-06-24 2015-11-30
c ML 02277 - SEE ATTACHED P 2012-12-12 2015-05-22
d ML 02277 - SEE ATTACHED P 2010-12-01 2015-06-17
e ML 02505 - SEE ATTACHED P 2015-09-02 2015-11-30
ML 02505 - SEE ATTACHED P 2014-09-09 2015-12-01
SOUTH32 LTD SHS-CASH IN LIEU P 2015-06-02 2015-06-02
ML 02506 - SEE ATTACHED P 2014-11-07 2015-03-04
56 WT08 16TEJON RANCH WT P 2013-09-04 2015-06-11
GOOGLE INC - CASH IN LIEU P 2015-05-05 2015-05-05
HARRIS CORP - CASH IN LIEU P 2015-06-11 2015-06-11
LIBERTY GLOBAL PLC - CASH IN LIEU P 2015-07-09 2015-07-09
ML 02506 SUPPLEMENTAL P 2015-02-25 2015-02-25
1000 FHLMC GO 8595 4%2044 P 2014-12-01 2015-05-08
156000 FHLMC CO 9064 4% 2044 P 2014-12-01 2015-08-17
40000 FNMA PAX2501 4%2044 P 2015-04-08 2015-05-08
20000 FNMA PAX2501 4%2044 P 2015-04-08 2015-08-17
1000 FNMA PAX5302 4%2042 P 2014-12-11 2015-05-08
47000 FNMA PAX5302 4%2042 P 2014-12-11 2015-08-17
10000 FHLMC GO 8624 4%2045 P 2015-07-10 2015-08-17
ML 04147 - SEE ATTACHED P 2014-03-12 2015-01-06
ML 04147 - SEE ATTACHED P 2014-09-09 2015-10-07
231 ABBVIE INC D 2013-02-15 2015-01-08
372 ABBVIE INC D 2013-02-25 2015-01-08
438 ABBVIE INC D 2013-02-11 2015-01-08
112 ABBVIE INC D 2013-02-15 2015-01-08
182 ABBVIE INC D 2013-02-25 2015-01-08
478 ABBVIE INC D 2013-12-13 2015-01-08
193 ABBVIE INC D 2013-12-16 2015-01-08
665 APPLE INC D 2013-11-20 2015-01-08
4200 APPLE INC D 2008-01-01 2015-01-08
147 LOWES COMPANY INC D 2012-11-19 2015-01-08
920 LOWES COMPANY INC D 2013-02-11 2015-01-08
140 LOWES COMPANY INC D 2013-02-15 2015-01-08
373 LOWES COMPANY INC D 2013-02-25 2015-01-08
903 MICROSOFT CORP D 2012-11-19 2015-01-08
1041 MICROSOFT CORP D 2013-02-11 2015-01-08
203 MICROSOFT CORP D 2013-02-15 2015-01-08
408 MICROSOFT CORP D 2013-02-25 2015-01-08
430 MICROSOFT CORP D 2014-03-12 2015-01-08
599 MICROSOFT CORP D 2013-01-24 2015-01-08
201 MICROSOFT CORP D 2013-01-25 2015-01-08
157 SHIRE PLC D 2012-11-20 2015-01-08
1822 SHIRE PLC D 2013-01-24 2015-01-08
WF 1472-7138 SEE ATTACHED P 2015-02-13 2015-12-02
4966 TEEKAY OFFSHORE PARTNERS LP P 2014-11-05 2015-08-18
1734 TEEKAY OFFSHORE PARTNERS LP P 2014-11-05 2015-08-18
0.56 ACCESS MIDSTREAM PARTNERS LP-CASH IN LIE P 2015-02-02 2015-02-02
3725 THE BLACKSTONE GROUP LP P 2014-10-28 2015-02-12
11500 BREITBURN ENERGY PRODUCTS LP P 2014-10-27 2015-08-18
152.810 BREITBURN ENERGY PRODUCTS LP P 2015-03-13 2015-08-18
78.898 BREITBURN ENERGY PRODUCTS LP P 2015-04-17 2015-08-18
81.193 BREITBURN ENERGY PRODUCTS LP P 2015-05-15 2015-08-18
90.27 BREITBURN ENERGY PRODUCTS LP P 2015-06-12 2015-08-18
133.610 BREITBURN ENERGY PRODUCTS LP P 2015-07-17 2015-08-18
169.048 BREITBURN ENERGY PRODUCTS LP P 2015-08-14 2015-08-18
5025 KKR & CO LP P 2014-10-28 2015-02-12
4600 VANGUARD NATURAL RESOURCES LL P 2014-10-28 2015-02-12
3184 WILLIAMS PARTNERS LP P 2015-02-02 2015-08-18
ML 04F19 - SEE ATTACHED P 2015-01-20 2015-06-23
ML 02506 - SEE ATTACHED P 2014-11-05 2015-11-30
184663.549 FEDERATED EQUITY FDS STRATEGIC VALUE DIV D 2012-12-21 2015-02-12
758.176 FEDERATED EQUITY FDS STRATEGIC VALUE DIV P 2012-12-27 2015-02-12
467 QUALCOMM INC P 2014-10-28 2015-12-02
15776.699 FEDERATED EQUITY FDS STRATEGIC VALUE DIV D 2014-10-27 2015-08-18
5400 FREEPORT-MCMORAN INC CL B P 2015-02-11 2015-12-22
13440.86 GOLDMAN SACHS TR MLP ENERGY P 2015-02-11 2015-12-22
3850 MACYS P 2015-02-11 2015-12-22
26004.047 DEUTSCHE GLOBAL/INTL FD INC D 2012-12-21 2015-12-22
99118.943 FEDERATED EQUITY FDS STRATEGIC VALUE DIV P 2014-05-27 2015-08-18
17211.704 FEDERATED EQUITY FDS STRATEGIC VALUE DIV D 2012-12-21 2015-01-06
3900 FREEPORT-MCMORAN INC CL B P 2014-10-28 2015-12-22
30144.695 GOLDMAN SACHS TR MLP ENERGY P 2014-10-27 2015-12-22
207329.256 LORD ABBETT INVESTMENT TR SHORT DURATION P 2013-12-27 2015-08-18
7577.483 OPPENHEIMER DEV MKTS CL Y P 2014-05-27 2015-12-22
38321.469 PRINCIPAL FDS INC GLOBAL DIV P 2013-06-21 2015-02-11
3800 VANGUARD REIT ETF P 2013-12-27 2015-08-18
VF CORPORATION - BASIS ADJUSTMENT P 2013-01-18 2015-01-05
Capital Gain Dividends      
Wash Sale      
(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 3,170,983   3,167,560 3,423
b 545,647   566,685 -21,038
c 761,320   691,335 69,985
d 49,763   31,491 18,272
e 311,417   323,597 -12,180
958,071   1,264,603 -306,532
3     3
5,971,293   6,602,808 -631,515
31     31
319     319
37   37  
27   25 2
152,886   152,886  
895   898 -3
131,148   132,153 -1,005
39,760   39,852 -92
18,963   18,907 56
956   959 -3
41,839   41,388 451
9,884   9,862 22
312,303   385,030 -72,727
2,203,062   1,863,003 340,059
15,056   8,235 6,821
24,246   14,387 9,859
28,548   16,309 12,239
7,300   3,993 3,307
11,863   7,039 4,824
31,155   24,938 6,217
12,579   10,213 2,366
71,074   49,879 21,195
448,886   1,500 447,386
9,777   4,749 5,028
61,188   35,048 26,140
9,311   5,547 3,764
24,808   14,623 10,185
42,043   24,399 17,644
48,468   28,607 19,861
9,452   5,655 3,797
18,996   11,399 7,597
20,021   16,244 3,777
27,889   16,298 11,591
9,359   5,497 3,862
10,905   4,361 6,544
126,553   61,122 65,431
8,464,074   8,592,172 -128,098
86,430   138,750 -52,320
30,179   48,201 -18,022
27     27
136,978   112,571 24,407
28,979   158,380 -129,401
385   885 -500
191   459 -268
205   468 -263
227   477 -250
337   485 -148
426   501 -75
120,950   117,214 3,736
81,074   107,590 -26,516
130,358   152,379 -22,021
3,317,237   3,285,368 31,869
10,274,648   10,128,394 146,254
1,117,214   914,745 202,469
4,587   3,793 794
24,304   35,678 -11,374
59,793   65,000 -5,207
34,693   100,207 -65,514
96,505   150,000 -53,495
136,070   249,768 -113,698
322,710   297,260 25,450
375,661   450,000 -74,339
100,000   85,260 14,740
25,056   113,084 -88,028
216,439   375,000 -158,561
912,249   943,348 -31,099
227,249   293,627 -66,378
538,033   528,057 9,976
306,339   246,620 59,719
    1,401 -1,401
      298,076
      18,962
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       3,423
b       -21,038
c       69,985
d       18,272
e       -12,180
      -306,532
      3
      -631,515
      31
      319
       
      2
       
      -3
      -1,005
      -92
      56
      -3
      451
      22
      -72,727
      340,059
      6,821
      9,859
      12,239
      3,307
      4,824
      6,217
      2,366
      21,195
      447,386
      5,028
      26,140
      3,764
      10,185
      17,644
      19,861
      3,797
      7,597
      3,777
      11,591
      3,862
      6,544
      65,431
      -128,098
      -52,320
      -18,022
      27
      24,407
      -129,401
      -500
      -268
      -263
      -250
      -148
      -75
      3,736
      -26,516
      -22,021
      31,869
      146,254
      202,469
      794
      -11,374
      -5,207
      -65,514
      -53,495
      -113,698
      25,450
      -74,339
      14,740
      -88,028
      -158,561
      -31,099
      -66,378
      9,976
      59,719
      -1,401
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -123,534
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 ................... 		Bracket 3 -1,270,728
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?
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))
2014 2,836,898 56,139,030 0.05053
2013 37,001,624 62,512,563 0.59191
2012 33,522,424 28,163,439 1.19028
2011 3,870,712 12,671,315 0.30547
2010 3,411,012 4,276,427 0.79763
2
Total of line 1, column (d) .....................
22.935823
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.587165
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
61,169,264
5
Multiply line 4 by line 3......................
5
35,916,451
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
10,622
7
Add lines 5 and 6........................
7
35,927,073
8
Enter qualifying distributions from Part XII, line 4.............
8
3,949,868
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 (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 21,245
hereBulletand 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 21,245
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 21,245
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 158,956
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.............. 7 158,956
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 137,711
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet137,711 RefundedBullet 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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
 
No
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)
    bulletCA
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    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 (2015)
    Form 990-PF (2015)
    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 addressbulletTERASAKILAB.ORG
    14
    The books are in care ofbulletDR STEVEN HARDY Telephone no.bullet (310) 479-6101

    Located atbullet11570 OLYMPIC BLVDLOS ANGELESCA ZIP+4bullet90064
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
    ........bullet
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2015 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 2015.)..................
    3b
     
    No
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    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:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
    No
    .........bullet
    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?..........
    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?.....................
    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?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    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
    PAUL I TERASAKI PRESIDENT
    35.00     		0    
    225 NORTH CANON DR 8E
    BEVERLY HILLS,CA90029
    HISAKO TERASAKI TREASURER
    0.00     		0    
    225 N CANON DR 8E
    BEVERLY HILLS,CA902105301
    TAIJI P TERASAKI SECRETARY
    0.00     		0    
    918 WAILUPE CIRCLE
    HONOLULU,HI96821
    MARK R TERASAKI Director
    0.00     		0    
    23 CONCORD ST
    WEST HARTFORD,CT06119
    KEITH K TERASAKI Director
    0.00     		0    
    11829 NORFIELD COURT
    LOS ANGELES,CA90077
    EMIKO TERASAKI Director
    0.00     		0    
    134 S ANITA AVE
    LOS ANGELES,CA90049
    STEVEN HARDY CFO
    35.00     		169,902 6,440 31,730
    5721 CRESCENT PARK WEST 407
    PLAYA VISTA,CA90094
    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
    JUNCHAO CAI SR SCIENTIST
    40.00     		150,199 6,019  
    2931 WEST CARSON ST
    TORRANCE,CA90503
    MEPUR RAVINDRANATH SR SCIENTIST
    40.00     		123,998 4,954  
    1855 S DUNSMUIR AVENUE
    LOS ANGELES,CA90019
    THO X PHAM LAB TECHNICIAN
    40.00     		66,129 2,672  
    10773 PALMS BLVD APT 10
    LOS ANGELES,CA90034
    MATTHEW EVERLY INTERIM DIRECTOR
    40.00     		161,552 6,468  
    2038 CORINTH AVE
    LOS ANGELES,CA90025
    RENE CASTRO IT MANAGER
    40.00     		90,989 3,640  
    1616 OAK ST
    LOS ANGELES,CA90015
    Total number of other employees paid over $50,000...................bullet 7
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 RESEARCH REGARDING EXPERIMENTAL HLA TISSUE TYPING TO FIND MATCHES BETWEEN ORGAN DONORS AND RECIPIENTS. CONDUCTING RESEARCH IN THE FOLLOWING AREAS:1) WORKING ON THE DISCOVERY AND CLASSIFICATION OF NEW HLA EPITOPE.2) SERVE AS RESEARCH LAB FOR ALLOANTIBODY CHARACTERIZATION FOR MULTICENTER TRIAL OF VELCADE IN HLA ANITBODY REMOVAL AND IVIg IN HLA ANTIBODY REMOVAL. 209,085
    2 SOLID ORGAN AND BONE MARROW TRANSPLANTATION RESEARCH.CURRENT RESERACH PROJECTS:1) DETERMINE IMPACT OF ANTI-HLA-E ANTIBODIES ON ANTIBODY PRODUCTION.2) RESEARCH HLA ANTIBODIES IN LIVER TRANSPLANTATION. 3) DETERMINE THE CLINICAL IMPACT OF DE NOVO HLA DSA IN KIDNEY TRANSPLANTION4) CHARACTERIZATION OF CLINICAL SCENARIOS RELATED TO DE NOVO HLA DSA PRODUCATION IN KIDNEY TRANSPLANTATION5) STUDY AUTOANTIBODIES IN TOLL LIKE RECEPTOR 2 AND 4 AND PECR AND HNGB1 IN KIDNEY TRANSPLANT RECIPIENTS.MATTHEW EVERLY, PharmDPresentations 20151.Everly MJ, Rebellato LM, Briley KP, et al. Role of CMV, BKV, and immunosuppression non-adherence in early and late de novo donor specific antibody development and outcomes. Abstract #A87. American Transplant Congress 2015.2.Everly MJ, Rebellato LM, Briley KP, et al. Early clinical indicators of long-term survival and allograft loss following de novo DSA. Abstract #35. American Transplant Congress 2015.3.Shinstock C, Cosio F, Cornell L, Gandhi M, Everly MJ, Stegall M. 1,398,819
    3  
    4 EDIT & PUBLISH 2014 CLINICAL TRANSPLANTATION BOOK 81,892
    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.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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
    59,275,571
    b
    Average of monthly cash balances.......................
    1b
    2,825,205
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,100,776
    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
    62,100,776
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    931,512
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    61,169,264
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,058,463
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    3,949,868
    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
    3,949,868
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,949,868
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$  
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter 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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    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) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, enter the date of the ruling.......bullet
    1990-03-27
    b Check box to indicate whether the organization is a private operating foundation described in section or
    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) 2015 (b) 2014 (c) 2013 (d) 2012
    928,438 1,367,534 1,381,217 639,190 4,316,379
    b 85% of line 2a ......... 789,172 1,162,404 1,174,034 543,312 3,668,922
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		3,949,868 2,836,898 37,001,624 33,540,225 77,328,615
    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 ....     		3,949,868 2,836,898 37,001,624 33,540,225 77,328,615
    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...     		2,038,975 1,871,301 2,083,752 938,781 6,932,809
    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 organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    PAUL I TERASAKI
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2015)
    Form 990-PF (2015)
    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)
    aPaid during the year
    UCLA FOUNDATION
    10920 WILSHIRE BLVD STE 1400
    LOS ANGELES,CA90024     		NONE 501 (C)(3 FUND PAUL I & HISAKO TERASAKI PROGRAM ENDOWMENT 1,011,166
    JAPANESE AMERICAN CULTURAL COMMUNIT
    244 SOUTH SAN PEDRO ST
    LOS ANGELES,CA90012     		NONE 501 (C)(3 EVENT SPONSORSHIP - 35TH ANNIVERSARY CELEBRATION & AWARDS DINNER 104,052
    JAPANESE AMERICAN NATL MUSEUM
    100 NORTH CENTRAL AVENUE
    LOS ANGELES,CA90012     		NONE 501 (C)(3 EVENT SPONSORSHIP - ANNUAL GALA DINNER 100,482
    TERASAKI NIBEI FOUNDATION
    11570 W OLYMPIC BLVD
    LOS ANGELES,CA90064     		  501 (C)(3 GENERAL SUPPORT 196,000
    SMITHSONIAN INSTITUTION
    1300 CONSTITUTION AVENUE NW
    WASHINGTON,DC20560     		NONE 501(C)(3) SUPPORT NATIONAL MUSEUM OF AMERICAN HISTORY - JAPANESE AMERICAN HISTORY PROJECT 302,373
    MEDIA BRIDGES INC
    444 FOURTH ST STE 22
    DAVIS,CA95616     		NONE 501(C)(3) NORMAN Y MINETA LEGACY PROJECT SPONSORSHIP 500,000
    JAPANESE AMERICAN CULTURAL COMMUNIT
    244 SOUTH SAN PEDRO STREET
    LOS ANGELES,CA90012     		NONE 501(C)(3) SUPPORT INAUGURAL CULINARY DINNERS WITH NOBU PROGRAM 40,000
    AM SOCIETY FOR HISTOCOMPATIBILITY I
    1120 ROUTE 73 STE 200
    MT LAUREL,NJ08054     		NONE 501(C)(3) FUND PAUL I TERASAKI CLINICAL SCIENCE AWARD 6,000
    Total .................................bullet 3a 2,260,073
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aTEST FEES         48,080
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....         1,396,051
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot 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 -504,825 381,291
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..         -52,140
    11 Other revenue:
    aINCOME THRU PARTNERSHIPS     		    18 81,649  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   -423,176 1,773,282
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,350,106
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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.)
    1B FEES FOR EXPERIMENTAL HLA TISSUE TYPING TESTS PERFORMED
    Form 990-PF (2015)
    Form 990-PF (2015)
    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) of the Code (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) of the Code (other than section 501(c)(3)) or in section 527?...........
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID: 15000324
    Software Version: 2015v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION
    Employer identification number

    95-4249502
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION         		Employer identification number
    95-4249502
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    PAUL I TERASAKI  
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 4,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    P I TERASAKI GRAT II FBO EMIKO  
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 103,964


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    H TERASAKI GRAT II FBO EMIKO  
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 103,964


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    DSA STUDY  
    550 MARKET STREET
     
    SAINT AUGUSTINE, FL32095

    		$ 6,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION         		Employer identification number

    95-4249502
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES - SEE ATTACHED SCHEDULE $ 2,526,272 2015-12-30
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION         		Employer identification number

    95-4249502
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID: 15000324
    Software Version: 2015v2.0

    TY 2015 AccountingFeesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANDERSEN,HORIE & CO - TAX & ACCTG 70,368 0 0 0
    COOPER, MOSS, RESNICK & KLEIN - AUDIT 31,362 0 0 0
    HORIE & CO - TAX & ACCTG 24,644 0 0 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LEASEHOLD IMPROVEMENT 2000-07-14 8,950 3,311 SL 2.56 % 229      
    OUTDOOR SIGN 2005-01-01 43,753 29,542 150DB 5.91 % 2,586      
    FILING CABINET W/ LOCK 2008-01-10 368 352 200DB 4.46 % 16      
    OFFICE FURNITURE 2008-12-01 3,200 3,058 200DB 4.46 % 142      
    FREEZER 2008-03-04 619 590 200DB 4.46 % 29      
    LONG SOFA 2009-05-25 2,841 2,461 200DB 8.93 % 254      
    BLACK MELODY CHAIRS (16) 2009-08-31 13,328 11,544 200DB 8.93 % 1,190      
    FREEZER 2009-08-04 591 512 200DB 8.93 % 53      
    REFRIGERATOR 2009-08-04 610 527 200DB 8.93 % 54      
    TV SAMSUNG 50" 2009-08-13 1,083 938 200DB 8.93 % 97      
    LAB EQUIPMENT 2010-05-03 20,112 19,256 200DB 4.26 % 856      
    NIKON MICROSCOPE 2010-09-30 6,643 6,174 200DB 7.06 % 469      
    LABSCAN SYSTEM 2010-11-16 49,436 44,700 200DB 9.58 % 4,736      
    MARTIN MICROSCOPE 2010-11-16 1,866 1,686 200DB 9.58 % 180      
    REFRIGERATOR/FREEZER 2010-11-30 1,350 1,222 200DB 9.58 % 128      
    COMPUTER 2010-09-10 2,415 2,245 200DB 7.06 % 170      
    TELEVISION 2010-10-18 2,325 2,102 200DB 9.58 % 223      
    FURNITURE 2010-09-23 1,462 1,122 200DB 8.85 % 129      
    VWR DISPENSER/SYRINGE 2011-10-10 2,034 1,617 200DB 10.94 % 223      
    VWR CABINET BIO UV 2011-10-20 7,531 5,986 200DB 10.94 % 824      
    COMPUTER 2011-01-21 624 546 200DB 11.01 % 69      
    FILE CABINET 2011-02-09 294 214 200DB 8.75 % 26      
    HP PROLIANT ML 110 COMPUT 2011-02-14 560 491 200DB 11.01 % 62      
    COMPUTER 2011-08-08 619 505 200DB 11.30 % 70      
    COMPUTER 2011-09-19 1,000 816 200DB 11.30 % 113      
    CABINETS 2012-08-10 4,731 2,662 200DB 12.49 % 591      
    CENTRIFUGE EQUIPMENT 2012-06-13 12,014 8,554 200DB 11.52 % 1,384      
    CENTRIFUGE EQUIPMENT 2012-07-18 2,510 1,787 200DB 11.52 % 289      
    GENERATOR 2012-09-07 30,000 21,360 200DB 11.52 % 3,456      
    FLOW CYTOMETER 2012-09-07 5,000 3,560 200DB 11.52 % 576      
    T-72G REFRIGERATOR 2012-09-21 5,965 3,356 200DB 12.49 % 745      
    IPAD 2012-04-23 841 598 200DB 11.52 % 97      
    COMPUTER 2012-07-12 837 596 200DB 11.52 % 96      
    OCZ VERITEX COMPUTER 2012-09-05 1,033 736 200DB 11.52 % 119      
    ASUS ZENBOOK COMPUTER 2012-09-05 1,529 1,089 200DB 11.52 % 176      
    ASUS DESKTOP PC 2012-09-10 979 697 200DB 11.52 % 113      
    ASUS ZENBOOK COMPUTER 2012-09-10 1,529 1,089 200DB 11.52 % 176      
    ACER DESKTOP 2012-09-10 1,794 1,277 200DB 11.52 % 207      
    3 FUJITSU 2012-11-02 1,824 1,299 200DB 11.52 % 210      
    DISHWASHER 2012-11-19 631 355 200DB 12.49 % 79      
    THERMOFISHER SPD111-115 2013-01-02 10,887 5,661 200DB 19.20 % 2,090      
    BD BIOSCIENCES ACCURI C6 2013-01-11 70,632 36,728 200DB 19.20 % 13,561      
    NIKON MICROSCOPE 2013-05-15 9,186 4,777 200DB 19.20 % 1,764      
    DELL COMPUTER 2013-06-19 1,106 575 200DB 19.20 % 212      
    DELL COMPUTER 2013-07-05 553 288 200DB 19.20 % 106      
    DELL COMPUTER 2013-07-05 553 288 200DB 19.20 % 106      
    DELL COMPUTER 2013-12-12 1,001 520 200DB 19.20 % 192      
    DELL COMPUTER 2013-12-16 3,038 1,580 200DB 19.20 % 583      
    FREEZER (2) 2014-09-09 1,417 202 200DB 24.49 % 347      
    PROJECTOR LAMP 2014-09-24 850 121 200DB 24.49 % 208      
    REFRIGERATOR (2) 2015-07-29 1,960   200DB 14.29 % 280      
    DELL LAPTOP 2015-12-07 875   200DB 20.00 % 175      

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 655,331 644,106

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 33,389,537 35,396,850

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    US Government Securities - End of Year Book Value:

    1,325,275
    US Government Securities - End of Year Fair Market Value:

    1,296,395
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2015 InvestmentsOtherSchedule2
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES AT COST 17,258,139 16,342,969
    PRIVATE EQUITY PARTNERSHIPS AT COST 3,586,341 3,649,353
    MASTER LIMITED PARTNERSHIPS AT COST    

    TY 2015 LandEtcSchedule2
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 61,285 56,080 5,205  
    Machinery and Equipment 469,865 429,762 40,103  
    Improvements 52,703 35,668 17,035  
    Miscellaneous 54,750 46,541 8,209  


    TY 2015 LegalFeesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KOPPLE & KLINGER 29,440 0 0 0


    TY 2015 OtherAssetsSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PENDING PATENTS 217,844 240,887  


    TY 2015 OtherDecreasesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    BOOK VS FMV VARIANCE OF CONTRIBUTION INCOME RECEIVED 1,259,402
    BOOK VS FORM 1099 L/T CAP GAIN DISTRIBUTION VARIANCE 11,552


    TY 2015 OtherExpensesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 2,304     2,304
    BANK CHARGES 2,485      
    BLOOD SAMPLES 173     173
    COMPUTER SUPPLIES 1,505     1,488
    DUES & SUBSCRIPTIONS 5,185     5,077
    EMPLOYEE BENEFITS 112,301     100,586
    EQUIPMENT REPAIRS 19,615     19,615
    INTERNET SERVICES 10,070     7,300
    INVESTMENT FEES 397,922 397,922 397,922  
    LAB TESTING SERVICES 2,795     2,795
    LABORATORY SUPPLIES 92,960     92,960
    LIABILITY INSURANCE 23,425     23,425
    LICENSE & PERMITS 2,157     2,127
    MEALS & ENTERTAINMENT 4,255     1,761
    MISCELLANEOUS 9,172     5,140
    OFFICE SUPPLIES 4,750     1,705
    OUTSIDE SERVICES 10,009     10,009
    PAYROLL PROCESSING SERVICES 1,785      
    PERSONNEL 5,975     5,975
    POSTAGE 4,869     3,941
    RESEARCH 20,325     20,325
    STORAGE 6,413     6,413
    TELEPHONE 33,662     16,450
    TRANSLATION 9,294     9,294
    UNIFORM CLEANING 65     65
    WORKERS COMPENSATION INSURANCE 11,747     8,974


    TY 2015 OtherIncomeSchedule2
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME THRU PARTNERSHIPS 81,649 81,649  
    TEST FEES 48,080    


    TY 2015 OtherIncreasesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    BOOK VS FMV VARIANCE OF DONATIONS MADE 765,149
    BOOK VS FORM 1099 CAPITAL GAIN VARIANCE 30,273
    BOOK VS FORM 1099 DIVIDEND INCOME VARIANCE 74,413
    BOOK VS FORM 1099 FOREIGN TAX VARIANCE 8,038
    BOOK VS FORM 1099 INTEREST INCOME VARIANCE 528
    BOOK VS FORM 1099 INVESTMENT FEES 556


    TY 2015 OtherLiabilitiesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    SALES TAX PAYABLE   7
    Rounding   1


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CMC PENSION PROFESSIONALS-PENSION ADMIN 2,010 0 0 0


    TY 2015 SalesOfInventoryList 
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    SALES 10,637 62,777 -52,140

    TY 2015 TaxesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 190,000      
    FOREIGN TAX 17,005 17,005 17,005  
    PAYROLL TAX 98,744     63,904
    SALES TAX 11     11
    STATE TAX 255