Form990-PF
Click to see attachment

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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 10-01-2017 , and ending 09-30-2018
Name of foundation
WALTER J & BETTY C ZABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10731 TREENA STREET SUITE 102
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN DIEGO, CA92131
A Employer identification number

31-1540383
B Telephone number (see instructions)

(858) 564-9500
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$96,683,429J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 17,174 17,174  
4 Dividends and interest from securities... 1,739,162 1,739,162  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,352,602
b Gross sales price for all assets on line 6a 35,066,045
7 Capital gain net income (from Part IV, line 2)... 4,352,602
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)....... Click to see attachment 733,168 717,383  
12 Total. Add lines 1 through 11........ 6,842,106 6,826,321  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 331,000 82,750   248,250
14 Other employee salaries and wages...... 4,004 1,001   3,003
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,386 596   1,790
b Accounting fees (attach schedule)....... Click to see attachment 20,138 5,034   15,104
c Other professional fees (attach schedule).... Click to see attachment 3,144 899   2,245
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 113,742 4,807   9,797
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 19,129 0   19,129
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 480,941 420,648   60,293
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 974,484 515,735   359,611
25 Contributions, gifts, grants paid....... 4,628,500 4,628,500
26 Total expenses and disbursements. Add lines 24 and 25 5,602,984 515,735   4,988,111
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,239,122
b Net investment income (if negative, enter -0-) 6,310,586
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
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
Assets 1 Cash—non-interest-bearing............. 100,665 128,293 128,293
2 Savings and temporary cash investments......... 3,530,763 133,130 133,130
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..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 40,299,351 Click to see attachment40,435,559 46,239,285
c Investments—corporate bonds (attach schedule)....... 18,184,816 Click to see attachment18,081,988 17,461,474
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 26,161,500 Click to see attachment30,758,773 32,719,265
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment19,964 Click to see attachment1,982 Click to see attachment1,982
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 88,297,059 89,539,725 96,683,429
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 attachment6,903 Click to see attachment88
23 Total liabilities (add lines 17 through 22)......... 6,903 88
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 41,681,917 41,681,917
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 46,608,239 47,857,720
29 Total net assets or fund balances (see instructions)..... 88,290,156 89,539,637
30 Total liabilities and net assets/fund balances (see instructions). 88,297,059 89,539,725
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
88,290,156
2
Enter amount from Part I, line 27a .....................
2
1,239,122
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,359
4
Add lines 1, 2, and 3 ..........................
4
89,539,637
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
89,539,637
Form 990-PF (2019)
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 PUBLICLY TRADED SECURITIES      
b FROM K-1 AG OPPORTUNISTIC WHOLE LOAN SELECT, L.P.      
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 34,635,350   30,713,443 3,921,907
b 43,286     43,286
c 387,409     387,409
d
e
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       3,921,907
b       43,286
c       387,409
d
e
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 4,352,602
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  
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))
2018 4,660,078 93,148,035 0.050029
2017 4,485,256 87,738,916 0.051120
2016 4,814,043 93,716,403 0.051368
2015 1,769,323 103,462,171 0.017101
2014 1,961,578 45,314,886 0.043288
2
Total of line 1, column (d) .....................
2
0.212906
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
0.042581
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
97,166,337
5
Multiply line 4 by line 3......................
5
4,137,440
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
63,106
7
Add lines 5 and 6........................
7
4,200,546
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,988,111
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)
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 Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
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 63,106
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 0
3 Add lines 1 and 2........................... 3 63,106
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 63,106
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 90,785
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 95,785
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 32,679
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet32,679 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
    Yes
     
    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 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)
    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 addressbulletWWW.ZABLEFOUNDATION.ORG
    14
    The books are in care ofbulletWARREN MAGILL Telephone no.bullet (858) 564-9500

    Located atbullet10731 TREENA STREET SUITE 102SAN DIEGOCA ZIP+4bullet92131
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 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?.............
    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
     
     
    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 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)
    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))?
    (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
     
     
    .........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
     
     
    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? .................
    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
    WARREN MAGILL PRESIDENT/DIRECTOR
    20.00     		265,000 0 0
    10731 TREENA STREET SUITE 102
    SAN DIEGO,CA92131
    KATHRYN M STARR SECRETARY/DIRECTOR
    1.15     		22,000 0 0
    10731 TREENA STREET SUITE 102
    SAN DIEGO,CA92131
    WILLIAM W BOYLE DIRECTOR
    1.15     		22,000 0 0
    10731 TREENA STREET SUITE 102
    SAN DIEGO,CA92131
    JOHN D THOMAS TREASURER/DIRECTOR
    1.15     		22,000 0 0
    10731 TREENA STREET SUITE 102
    SAN DIEGO,CA92131
    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...................bullet 0
    Form 990-PF (2019)
    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
    JPMORGAN CHASE BANK NA INVESTMENT SERVICES 419,787
    2029 CENTURY PARK EAST 39TH FLOOR
    LOS ANGELES,CA90067
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    Form 990-PF (2019)
    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
    96,570,465
    b
    Average of monthly cash balances.......................
    1b
    2,075,562
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    98,646,027
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    98,646,027
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,479,690
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    97,166,337
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,858,317
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,858,317
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    63,106
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    63,106
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,795,211
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,795,211
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,795,211
    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
    4,988,111
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    4,988,111
    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
    63,106
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,925,005
    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)
    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 4,795,211
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 4,058,280
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 4,988,111
    a Applied to 2018, but not more than line 2a 4,058,280
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 929,831
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		3,865,380
    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) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    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)
    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....... bullet
     
    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) 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.)
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    WARREN MAGILL
    10731 TREENA STREET SUITE 102
    SAN DIEGO,CA92131
    (858) 564-9500
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2019)
    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)
    aPaid during the year
    ABC YOUTH FOUNDATION
    3131 MARKET ST
    SAN DIEGO,CA92102     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    ALLIANCE FOR HOPE INTERNATIONAL
    101 W BROADWAY 1770
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    AMERICAN ACADEMY OF PEDIATRICS
    345 PARK BLVD
    ITASCA,IL60143     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    AMERICAN DIABETES ASSOCIATION
    2451 CRYSTAL DRIVE SUITE 900
    ARLINGTON,VA22202     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    ANGELS FOSTER FAMILY NETWORK
    9295 FARNHAM ST 200
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    ARMED SERVICES YMCA
    PO BOX 555028 BUILDING 16144 A
    STREET BUILDING
    CAMP PENDLETON,CA92055     		  PUBLIC CHARITY GENERAL ASSISTANCE 150,000
    ASELTINE SCHOOL
    4027 NORMAL STREET
    SAN DIEGO,CA92103     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    AUTISM SOCIETY SAN DIEGO
    4699 MURPHY CANYON RD
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    AUTISM TREE PROJECT INC
    2845 NIMITZ BLVD SUITE C
    SAN DIEGO,CA92106     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    BARRIO LOGAN COLLEGE INSTITUTE
    1625 NEWTON AVENUE SUITE 200
    SAN DIEGO,CA92113     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BIG BROTHERS BIG SISTERS OF SAN DIEGO COUNTY
    4305 UNIVERSITY AVE 300
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    BILATERAL SAFETY CORRIDOR COALITION
    121 EAST 31 STREET NO A
    NATIONAL CITY,CA91950     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    BLUE OAK CHARTER SCHOOL
    450 W EAST AVENUE
    CHICO,CA95926     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    BOYS & GIRLS CLUB OF CARLSBAD
    2730 BRESSI RANCH WAY
    CARLSBAD,CA92009     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    BOYS & GIRLS CLUB OF GREATER SAN DIEGO
    PO BOX 178569
    SAN DIEGO,CA92177     		  PUBLIC CHARITY GENERAL ASSISTANCE 40,000
    BOYS & GIRLS CLUB OF NORTH COUNTY
    445 E IVY STREET
    FALLBROOK,CA92028     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BOYS & GIRLS CLUB OF OCEANSIDE
    401 COUNTRY CLUB LANE
    OCEANSIDE,CA92054     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BOYS & GIRLS CLUB OF SAN DIEGUITO
    533 LOMAS SANTA FE DRIVE
    SOLANA BEACH,CA92075     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BOYS & GIRLS CLUB OF VISTA
    410 WEST CALIFORNIA AVENUE
    VISTA,CA92083     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    BURN INSTITUTE
    8825 AERO DRIVE SUITE 200
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    CASA DE AMISTAD
    120 STEVENS AVE
    SOLANA BEACH,CA92075     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    CENTER FOR COMMUNITY SOLUTIONS
    4508 MISSION BAY DR
    SAN DIEGO,CA92109     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    COMMUNITY RESOURCE CENTER
    650 SECOND STREET
    ENCINITAS,CA92024     		  PUBLIC CHARITY GENERAL ASSISTANCE 30,000
    COMPUTERS 2 SD KIDS
    8324 MIRAMAR MALL
    SAN DIEGO,CA92121     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    CROHN'S AND COLITIS FOUNDATION
    733 THIRD AVENUE SUITE 510
    NEW YORK,NY10017     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    DEL MAR FOUNDATION
    PO BOX 2913
    DEL MAR,CA92014     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    DISABLED SPORTS EASTERN SIERRA
    PO BOX 7275
    MAMMOTH LAKES,CA93546     		  PUBLIC CHARITY GENERAL ASSITANCE 20,000
    DON DIEGO SCHOLARSHIP FOUNDATION
    2260 JIMMY DURANTE BLVD
    DEL MAR,CA92014     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    ELDER LAW & ADVOCACY
    5151 MURPHY CANYON RD SUITE 110
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    ELDERHELP
    3860 CALLE FORTUNADA 101
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    EMILIO NARES FOUNDATION
    2650 TRUXTUN ROAD SUITE 202
    SAN DIEGO,CA92106     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    FEEDING AMERICA SAN DIEGO
    9455 WAPLES STREET SUITE 135
    SAN DIEGO,CA92121     		  PUBLIC CHARITY GENERAL ASSISTANCE 13,000
    FERN STREET COMMUNITY ARTS INC
    4265 FAIRMOUNT AVENUE SUITE 120-B
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    FREE TO THRIVE
    1050 UNIVERSITY AVENUE SUITE
    E107-84
    SAN DIEGO,CA92103     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    FRIENDS OF VISTA HILL
    8910 CLAIREMONT MESA BLVD
    SAN DIEGO,CA92123     		  PUBLIC CHARITY SUPPORT PARENTCARE FAMILY RECOVERY PROGRAM 50,000
    GIRLS RISING
    PO BOX 161218
    SAN DIEGO,CA92176     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    GOMPERS PREPARATORY ACADEMY
    1005 47TH STREET
    SAN DIEGO,CA92102     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    GREATER SAN DIEGO SCIENCE & ENGINEERING FAIR INC
    PO BOX 15547
    SAN DIEGO,CA92175     		  PUBLIC CHARITY GENERAL ASSISTANCE 5,000
    HOME START INC
    5005 TEXAS STREET NO 203
    SAN DIEGO,CA92108     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    HORSE OF THE SUN RANCH
    PO BOX 1595
    PINE VALLEY,CA91962     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    HUNTINGTONS DISEASE SOCIETY OF AMERICA INC
    505 EIGHTH AVENUE SUITE 902
    NEW YORK,NY10018     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    INJURED MARINE SEMPER FI FUND
    BOX 555193
    CAMP PENDLETON,CA92055     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    INTERFAITH SHELTER NETWORK OF SAN DIEGO
    3530 CAMINO DEL RIO NORTH SUITE 301
    SAN DIEGO,CA92108     		  PUBLIC CHARITY GENERAL ASSISTANCE 85,000
    JUST IN TIME FOR FOSTER YOUTH
    4560 ALVARADO CANYON ROAD SUITE 2G
    SAN DIEGO,CA92120     		  PUBLIC CHARITY GENERAL ASSISTANCE 358,000
    LIVING COAST DISCOVERY CENTER
    1000 GUNPOWDER POINT DR
    CHULA VISTA,CA91910     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    MAKE A WISH FOUNDATION
    2440 HOTEL CIRCLE N SUITE 200
    SAN DIEGO,CA92108     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    MAMA'S KITCHEN
    3960 HOME AVENUE
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE IN PROVIDING NUTRITIONAL FOOD TO PEOPLE WITH CANCER 25,000
    MEALS ON WHEELS
    2254 SAN DIEGO AVE SUITE 200
    SAN DIEGO,CA92110     		  PUBLIC CHARITY GENERAL ASSISTANCE 30,000
    MONARCH SCHOOL
    1625 NEWTON AVENUE
    SAN DIEGO,CA92113     		  PUBLIC CHARITY GENERAL ASSISTANCE TO PROVIDE FOR THE HOMELESS & AT-RISK YOUTH 250,000
    MUSEUM OF PHOTOGRAPHIC ARTS
    1649 EL PRADO BALBOA PARK
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVENUE 3RD FLOOR
    NEW YORK,NY10017     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    NOAH HOMES
    12526 CAMPO RD
    SPRING VALLEY,CA91978     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    NORTH COUNTY LIFELINE
    3142 VISTA WAY SUITE 400
    OCEANSIDE,CA92056     		  PUBLIC CHARITY GENERAL ASSISTANCE 330,000
    OCEAN DISCOVERY INSTITUTE
    4255 THORN STREET
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE 65,000
    OCEANSIDE MUSEUM OF ART
    704 PIER VIEW WAY
    OCEANSIDE,CA92054     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    OLD GLOBE THEATRE
    PO BOX 122171
    SAN DIEGO,CA92112     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    OUTDOOR OUTREACH
    5275 MARKET STREET SUITE 21
    SAN DIEGO,CA92114     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    POWAY CENTER FOR THE PERFORMING ARTS FOUNDATION
    15498 ESPOLA RD
    POWAY,CA92064     		  PUBLIC CHARITY GENERAL ASSISTANCE 7,500
    PRO KIDS GOLF ACADEMY INC
    4085 52ND STREET
    SAN DIEGO,CA92105     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    PROJECT CONCERN INTERNATIONAL
    5151 MURPHY CANYON RD SUITE 320
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 70,000
    PROMISES 2 KIDS
    9440 RUFFIN COURT SUITE A
    SAN DIEGO,CA92123     		  PUBLIC CHARITY PROVIDE SUPPORT FOR ABUSED AND NEGLECTED CHILDREN 50,000
    RAMONA UNIFIED SCHOOL DISTRICT
    720 9TH STREET
    RAMONA,CA92065     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    REINS THERAPEUTIC HORSEMANSHIP PROGRAM
    4461 S MISSION ROAD
    FALLBROOK,CA92028     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    RISE UP INDUSTRIES
    8530 ROLAND ACRES ROAD DRIVE
    SANTEE,CA92071     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    ROLF BENIRSCHKE LEGACY FOUNDATION
    12790 EL CAMINO REAL SUITE 300
    SAN DIEGO,CA92130     		  PUBLIC CHARITY GENERAL ASSISTANCE 5,000
    RONALD MCDONALD HOUSE
    2929 CHILDRENS WAY
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    RUBEN H FLEET SCIENCE CENTER
    1875 EL PRADO
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    SALK INSTITUTE
    10010 N TORREY PINES RD
    LA JOLLA,CA92037     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    SALVATION ARMY
    6605 UNIVERSITY AVENUE
    SAN DIEGO,CA92115     		  PUBLIC CHARITY GENERAL ASSISTANCE TO PROVIDE FOOD & CARE FOR THE HUNGRY 250,000
    SAN DIEGO AIR & SPACE MUSEUM
    2001 PAN AMERICAN PLAZA
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAN DIEGO BOTANIC GARDEN
    230 QUAIL GARDENS DRIVE
    ENCINITAS,CA92024     		  PUBLIC CHARITY GENERAL ASSISTANCE 100,000
    SAN DIEGO CANYONLANDS
    3552 BANCROFT STREET
    SAN DIEGO,CA92104     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    SAN DIEGO CHILDREN'S CHOIR
    1620 FIFTH AVENUE SUITE 300
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    SAN DIEGO CIVIC YOUTH BALLET
    1650 EL PRADO SUITE 209
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    SAN DIEGO DANCE THEATER
    2650 TRUXTUN ROAD SUITE 108
    SAN DIEGO,CA92106     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    SAN DIEGO DENTAL HEALTH FOUNDATION
    1275 W MORENA BLVD NO B
    SAN DIEGO,CA92110     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    SAN DIEGO FOOD BANK
    9850 DISTRIBUTION AVENUE
    SAN DIEGO,CA92121     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    SAN DIEGO GRANTMAKERS
    5060 SHOREHAM PLACE ROOM 350
    SAN DIEGO,CA92122     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAN DIEGO HALL OF CHAMPIONS
    2131 PAN AMERICAN PLAZA BALBOA PARK
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAN DIEGO JUNIOR THEATER
    1650 EL PRADO 208
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    SAN DIEGO OPERA
    233 A STREET SUITE 500
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    SAN DIEGO PUBLIC LIBRARY
    330 PARK BOULEVARD
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 100,000
    SAN DIEGO SECOND CHANCE PROGRAM
    6145 IMPERIAL AVE
    SAN DIEGO,CA92114     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAN DIEGO SOCIETY OF NATURAL HISTORY
    1788 EL PRADO
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    SAN DIEGO YOUTH SYMPHONY
    1650 EL PRADO SUITE 207A
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    SAN DIEGUITO RIVER VALLEY CONSERVANCY
    3030 BUNKER HILL ST SUITE 309-1
    SAN DIEGO,CA92109     		  PUBLIC CHARITY GENERAL ASSISTANCE 5,000
    SAY SAN DIEGO
    4775 VIEWRIDGE AVENUE SUITE 100
    SAN DIEGO,CA92123     		  PUBLIC CHARITY SUPPORT MILITARY FAMILY RESOURCE CENTER 50,000
    SEAL - NSW FAMILY FOUNDATION
    300 CARLSBAD VILLAGE DRIVE 108A-361
    CARLSBAD,CA92008     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    SOLUTIONS FOR CHANGE
    722 W CALIFORNIA AVENUE
    VISTA,CA92083     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    SPECIAL OLYMPICS SOUTHERN CALIFORNIA
    1600 FORBES WAY SUITE 200
    LONG BEACH,CA90810     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    ST VINCENT DE PAUL VILLAGE
    3350 E STREET
    SAN DIEGO,CA92102     		  PUBLIC CHARITY GENERAL ASSITANCE 70,000
    SUPPORT THE ENLISTED PROJECT (STEP)
    9951 BUSINESSPARK AVENUE SUITE A
    SAN DIEGO,CA92131     		  PUBLIC CHARITY GENERAL ASSISTANCE 200,000
    TENDER LOVING CANINES ASSISTANCE DOGS INC
    11440 W BERNARDO COURT 300
    SAN DIEGO,CA92127     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    THE CHILDREN'S INITIATIVE
    4438 INGRAHAM STREET
    SAN DIEGO,CA92109     		  PUBLIC CHARITY GENERAL ASSISTANCE TO SUPPORT AFTER SCHOOL PROGRAMS 10,000
    THE ELEMENTARY INSTITUTE OF SCIENCE
    608 51ST ST
    SAN DIEGO,CA92114     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    THE NEW CHILDREN'S MUSEUM
    200 W ISLAND AVE
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    THE SAN DIEGO CENTER FOR CHILDREN
    3002 ARMSTRONG STREET
    SAN DIEGO,CA92111     		  PUBLIC CHARITY SUPPORT INTENSIVE READING IMPROVEMENT PROGRAM 30,000
    THE SEANY FOUNDATION
    3530 CAMINO DEL RIO N 101
    SAN DIEGO,CA92108     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    THRIVE PUBLIC SCHOOL
    4260 54TH STREET
    SAN DIEGO,CA92115     		  PUBLIC CHARITY GENERAL ASSISTANCE 75,000
    TURNING POINT HOME
    1315 25TH STREET
    SAN DIEGO,CA92102     		  PUBLIC CHARITY GENERAL ASSISTANCE 25,000
    UC SAN DIEGO FOUNDATION
    9500 GILMAN DRIVE MC 0940
    LA JOLLA,CA92093     		  PUBLIC CHARITY GENERAL ASSISTANCE TO THE DIVISION OF PEDIATRIC CARDIOLOGY 25,000
    UNITED CEREBRAL PALSY
    8525 GIBBS DR 209
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    UNITED THROUGH READING
    1455 FRAZEE RD SUITE 500
    SAN DIEGO,CA92108     		  PUBLIC CHARITY GENERAL ASSISTANCE 15,000
    URBAN CORPS
    3127 JEFFERSON ST
    SAN DIEGO,CA92110     		  PUBLIC CHARITY GENERAL ASSISTANCE 20,000
    USO SAN DIEGO
    303 A STREET SUITE 100
    SAN DIEGO,CA92101     		  PUBLIC CHARITY GENERAL ASSISTANCE FOR LOCAL MILITARY 250,000
    VOICES FOR CHILDREN
    2851 MEADOW LARK DRIVE
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE TO SUPPORT ADVOCATES FOR ABUSED & NEGLECTED FOSTER CHILDREN 250,000
    WORDS ALIVE
    5111 SANTA FE ST 219
    SAN DIEGO,CA92109     		  PUBLIC CHARITY GENERAL ASSISTANCE 10,000
    YMCA OF SAN DIEGO COUNTY
    3708 RUFFIN ROAD
    SAN DIEGO,CA92123     		  PUBLIC CHARITY GENERAL ASSISTANCE 50,000
    Total .................................bullet 3a 4,628,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    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.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 17,174  
    4 Dividends and interest from securities....     14 1,739,162  
    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.....     14 717,383  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 4,352,602  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aTAX REFUND     		      15,785  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 6,842,106 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,842,106
    (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.)
    Form 990-PF (2019)
    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? ...........
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2019
    Name of the organization
    WALTER J & BETTY C ZABLE FOUNDATION
     
    Employer identification number

    31-1540383
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    WALTER J & BETTY C ZABLE FOUNDATION
          		Employer identification number
    31-1540383
    Part I
    Contributors
    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
    ROMAN BRAUN CO MAGILL & CO
     
    1660 HOTEL CIRCLE NORTH 710
     
    SAN DIEGO, CA92108

    		$ 1


    (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.)
    (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.)
    (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) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    WALTER J & BETTY C ZABLE FOUNDATION
          		Employer identification number

    31-1540383
    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
    		 500 SHS COSTCO STOCK $ 121,840 2018-09-12
    (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) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    WALTER J & BETTY C ZABLE FOUNDATION
          		Employer identification number

    31-1540383
    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) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 AccountingFeesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 20,138 5,034   15,104

    TY 2017 GeneralExplanationAttachment
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Identifier Return Reference Explanation
    PERCENTAGE INTEREST IN PARTNERSHIP AFTER TRANSFER FORM 8865 THE OWNERSHIP PERCENTAGE IN CERTAIN PARTNERSHIPS AFTER TRANSFER IS NOT AVAILABLE AT THE TIME OF FILING. IT IS ASSUMED THAT THE OWNERSHIP PERCENTAGE IN THESE PARTNERSHIPS IS LESS THAN 10%.

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN FIXED INCOME 18,081,988 17,461,474

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JP MORGAN SECURITIES 40,435,559 46,239,285

    TY 2017 InvestmentsOtherSchedule2
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JP MORGAN REAL ESTATE & ALTERNATIVE INFRASTRUCTURE AT COST 25,408,485 27,087,871
    1992 MULTI-STRATEGY FUND AT COST 1,425,000 1,750,672
    AQR EQUITY MARKET NEUTRAL AT COST 1,000,000 938,671
    BRIDGEWATER PRIVATE INVESTORS AT COST 900,000 909,373
    ETON PARK OVERSEAS FUND LTD AT COST 9,907 14,069
    GROSVENOR ALTERNATIVE INVESTMENT AT COST 2,000,000 2,000,000
    OCH-ZIFF OZOFII PRIVATE INVESTORS OFFSHORE LTD CLASS G PRIME AT COST 15,381 18,609

    TY 2017 LegalFeesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,386 596   1,790


    TY 2017 OtherAssetsSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM JP MORGAN 17,982 0 0
    RENT DEPOSIT 1,982 1,982 1,982


    TY 2017 OtherExpensesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE ASSISTANCE 3,447 862   2,585
    AUTO EXPENSE 743 0   743
    COMPUTER EXPENSE 6,180 0   6,180
    CONFERENCE FEES 200 0   200
    COPIER LEASE 4,248 0   4,248
    DUES & SUBSCRIPTIONS 8,914 0   8,914
    INSURANCE 4,977 0   4,977
    INTERNET 1,035 0   1,035
    INVESTMENT MANAGEMENT FEES 419,786 419,786   0
    MEALS & ENTERTAINMENT 156 0   156
    OFFICE EXPENSE 7,499 0   7,499
    OFFICE SUPPLIES 9,485 0   9,485
    ONLINE GRANT MANAGEMENT FEES 7,207 0   7,207
    OUTSIDE SERVICES 730 0   730
    POSTAGE 545 0   545
    SMALL EQUIPMENT 1,254 0   1,254
    TELEPHONE 3,955 0   3,955
    WEBSITE EXPENSES 580 0   580


    TY 2017 OtherIncomeSchedule2
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FROM K-1 AG OPPORTUNISTIC WHOLE LOAN SELECT, L.P. - OTHER INCOME 151,632 151,632 151,632
    PARTNERSHIP DISTRIBUTIONS 565,751 565,751 565,751
    TAX REFUND 15,785   15,785


    TY 2017 OtherIncreasesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Amount
    PRIOR PERIOD ADJUSTMENT 10,359


    TY 2017 OtherLiabilitiesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD 6,903 88


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FROM K-1 AG OPPORTUNISTIC WHOLE LOAN SELECT, L.P. 150 150   0
    PAYROLL PROCESSING FEES 1,207 302   905
    PAYCHEX 401K ADMINISTRATION 1,787 447   1,340


    TY 2017 TaxesSchedule
    Name:
    WALTER J & BETTY C ZABLE FOUNDATION
    EIN:
    31-1540383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CALIFORNIA ATTORNEY GENERAL 150 0   150
    FEDERAL TAXES 99,138 0   0
    FOREIGN TAXES 1,704 1,704   0
    FRANCHISE TAX BOARD FEE 10 0   10
    PAYROLL TAXES 12,407 3,103   9,304
    PROPERTY TAXES 333 0   333