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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
BORSTEIN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11766 WILSHIRE BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90025
A Employer identification number

95-4716815
B Telephone number (see instructions)

(310) 582-1991
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$14,882,890J 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) 1,730,953
2 Check bullet.............
3 Interest on savings and temporary cash investments 38,035 38,035  
4 Dividends and interest from securities... 279,205 279,205  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 280,483
b Gross sales price for all assets on line 6a 3,421,122
7 Capital gain net income (from Part IV, line 2)... 1,529,412
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 23,657 23,657  
12 Total. Add lines 1 through 11........ 2,352,333 1,870,309  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 10,500 1,000   9,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,138 3,638    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 63,706 63,546   160
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 82,344 68,184   9,660
25 Contributions, gifts, grants paid....... 606,500 606,500
26 Total expenses and disbursements. Add lines 24 and 25 688,844 68,184   616,160
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,663,489
b Net investment income (if negative, enter -0-) 1,802,125
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 49 4,935 4,935
2 Savings and temporary cash investments......... 295,268 583,089 583,089
3 Accounts receivable bullet6,282
Less: allowance for doubtful accounts bullet   472 6,282  
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) 894,810 Click to see attachment997,578 995,648
b Investments—corporate stock (attach schedule)....... 6,931,526 Click to see attachment7,926,151 11,446,578
c Investments—corporate bonds (attach schedule)....... 931,659 Click to see attachment1,219,388 1,219,381
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 631,597 Click to see attachment611,447 633,259
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,685,381 11,348,870 14,882,890
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)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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 9,685,381 11,348,870
30 Total net assets or fund balances (see instructions)..... 9,685,381 11,348,870
31 Total liabilities and net assets/fund balances (see instructions). 9,685,381 11,348,870
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
9,685,381
2
Enter amount from Part I, line 27a .....................
2
1,663,489
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
11,348,870
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
11,348,870
Form 990-PF (2018)
Form 990-PF (2018)
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 .23 ALEXANDER & BALDWIN INC P 2018-01-23 2018-02-13
b 420 ALEXANDER & BALDWIN INC P 2018-01-23 2018-11-02
c 418 LOWES COS INC P 2018-01-23 2018-06-07
d 282 LOWES COS INC P 2018-01-23 2018-06-07
e 700 LOWES COS INC P 2018-02-06 2018-06-07
.12 AT&T INC P 2001-12-28 2018-07-02
79000 ABBOTT LABORATORIES 5.125% 4/01/19 P 2009-02-26 2018-03-22
500 CVS/CAREMARK CORPORATION D 2007-12-03 2018-01-31
283.84 CCH I LLC D 2016-05-09 2018-12-04
36.16 CCH I LLC P 2013-03-06 2018-12-04
178.16 CCH I LLC D 2016-05-09 2018-12-12
21.84 CCH I LLC D 2016-05-09 2018-12-12
100 COSTCO WHOLESALE CORP P 2015-08-26 2018-06-15
3000 DB CONT CAPITAL TRUST V P 2008-05-01 2018-10-04
.5 GARRETT MOTION INC P 2013-03-06 2018-10-16
35 GARRETT MOTION INC P 2008-06-25 2018-10-29
25 GARRETT MOTION INC P 2009-02-20 2018-10-29
50 GARRETT MOTION INC P 2009-03-06 2018-10-29
62 GARRETT MOTION INC P 2013-03-06 2018-10-29
100 GENERAL ELECTRIC CO D 2006-11-06 2018-01-04
1800 GENERAL ELECTRIC CO D 2006-10-30 2018-01-04
150 GENERAL ELECTRIC CO P 2013-01-25 2018-01-04
1125 GENERAL ELECTRIC CO D 2006-11-06 2018-01-16
450 GENERAL ELECTRIC CO D 2006-11-06 2018-02-15
425 GENERAL ELECTRIC CO D 2006-11-06 2018-02-22
175 GENERAL ELECTRIC CO P 2009-10-16 2018-02-22
425 GENERAL ELECTRIC CO P 2009-10-16 2018-03-26
1000 GENERAL ELECTRIC CO P 2009-10-16 2018-04-17
813 GOLDMAN SACHS GP PFD 6.2 P 2005-10-21 2018-02-12
1000 ING GROEP N V P 2005-09-16 2018-10-04
100000 JPMORGAN CHASE & CO 1.800% 1/25/18 P 2013-04-03 2018-01-25
400 MERCK & CO INC NEW P 2008-03-31 2018-01-16
600 MERCK & CO INC NEW P 2013-03-19 2018-01-16
75 MOHAWK INDS INC COM P 2016-02-02 2018-10-30
75 MOHAWK INDS INC COM P 2016-02-02 2018-11-08
100 MOHAWK INDS INC COM P 2016-02-02 2018-11-13
500 MOHAWK INDS INC COM P 2013-11-05 2018-12-26
1500 NOVARTIS AG-ADR P 2017-08-01 2018-12-07
1700 ORACLE CORPORATION P 2008-04-28 2018-06-14
100 PHILIP MORRIS INTERNATIONAL IN P 2013-10-18 2018-07-20
300 PHILIP MORRIS INTERNATIONAL IN P 2016-04-19 2018-07-20
.5 RESIDEO TEHCNOLOGIES INC P 2013-03-06 2018-11-15
250 STARBUCKS CORP COM P 2012-04-27 2018-02-15
200 STARBUCKS CORP COM P 2012-04-27 2018-03-12
650 STARBUCKS CORP COM P 2012-04-27 2018-11-02
50 THERMO FISHER SCIENTIFIC INC D 2018-11-16 2018-11-20
1450 THERMO FISHER SCIENTIFIC INC D 2018-11-16 2018-11-20
600 THERMO FISHER SCIENTIFIC INC D 2018-11-16 2018-11-23
350 THERMO FISHER SCIENTIFIC INC D 2018-11-16 2018-11-23
50 THERMO FISHER SCIENTIFIC INC D 2018-11-16 2018-11-23
1850 THERMO FISHER SCIENTIFIC INC D 2018-11-16 2018-11-26
1650 TIME WARNER INC D 2018-06-13 2018-06-14
333.33 TIME WARNER INC D 2018-06-13 2018-06-14
333.33 TIME WARNER INC P 2008-12-12 2018-06-14
1133.33 TIME WARNER INC D 2018-06-13 2018-06-14
433.33 TIME WARNER INC D 2018-06-13 2018-06-14
799.67 TIME WARNER INC P 2009-01-07 2018-06-14
1100 TIME WARNER INC D 2018-06-13 2018-06-14
1350 TIME WARNER INC D 2018-06-13 2018-06-14
400000 US TREASURY NOTE 0.875% 10/15/18 P 2015-11-06 2018-10-15
450 WALGREENS BOOTS ALLIANCE INC P 2008-10-16 2018-06-28
1 WALGREENS BOOTS ALLIANCE INC P 2009-04-01 2018-06-28
450 WALGREENS BOOTS ALLIANCE INC P 2008-10-16 2018-10-11
150 ACCENTURE PLC P 2006-11-29 2018-06-28
300 ACCENTURE PLC P 2009-03-27 2018-06-28
1400 JOHNSON CTLS INTL PLC P 2013-10-02 2018-11-08
150 STARBUCKS CORP COM P 2012-06-28 2018-11-02
CAPITAL GAIN DIVIDENDS P    
(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 5   6 -1
b 8,904   11,646 -2,742
c 41,446   44,789 -3,343
d 27,961   30,104 -2,143
e 69,407   68,776 631
4   5 -1
81,089   78,658 2,431
40,178   9,550 30,628
93,768   18,029 75,739
11,946   3,228 8,718
57,461   11,316 46,145
7,043   1,387 5,656
20,699   13,493 7,206
76,129   75,000 1,129
8   4 4
515   193 322
368   78 290
736   128 608
913   474 439
1,846   1,687 159
33,228   36,555 -3,327
2,769   3,345 -576
20,318   18,980 1,338
6,796   7,592 -796
6,385   7,170 -785
2,629   2,804 -175
5,449   6,809 -1,360
13,772   16,020 -2,248
20,325   20,325  
24,964   25,000 -36
100,000   101,039 -1,039
24,962   15,216 9,746
37,444   26,277 11,167
9,151   12,401 -3,250
9,574   12,401 -2,827
12,433   16,535 -4,102
54,911   68,109 -13,198
131,372   128,187 3,185
78,466   36,941 41,525
8,307   8,706 -399
24,922   29,889 -4,967
11   6 5
14,028   7,171 6,857
11,863   5,737 6,126
41,372   18,646 22,726
11,675   2,869 8,806
338,568   83,211 255,357
141,136   34,432 106,704
82,329   19,594 62,735
11,761   2,214 9,547
440,728   81,926 358,802
148,827   60,140 88,687
29,753   11,836 17,917
24,581   6,665 17,916
83,576   22,660 60,916
32,373   9,081 23,292
59,741   16,758 42,983
84,457   25,332 59,125
102,102   29,539 72,563
400,000   396,109 3,891
27,044   10,307 16,737
60   27 33
32,856   10,307 22,549
24,415   4,989 19,426
48,830   8,339 40,491
49,256   51,059 -1,803
9,547   3,904 5,643
1,630     1,630
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       -1
b       -2,742
c       -3,343
d       -2,143
e       631
      -1
      2,431
      30,628
      75,739
      8,718
      46,145
      5,656
      7,206
      1,129
      4
      322
      290
      608
      439
      159
      -3,327
      -576
      1,338
      -796
      -785
      -175
      -1,360
      -2,248
       
      -36
      -1,039
      9,746
      11,167
      -3,250
      -2,827
      -4,102
      -13,198
      3,185
      41,525
      -399
      -4,967
      5
      6,857
      6,126
      22,726
      8,806
      255,357
      106,704
      62,735
      9,547
      358,802
      88,687
      17,917
      17,916
      60,916
      23,292
      42,983
      59,125
      72,563
      3,891
      16,737
      33
      22,549
      19,426
      40,491
      -1,803
      5,643
      1,630
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 1,529,412
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 1,118,483
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))
2017 362,503 13,167,228 0.02753
2016 293,195 10,990,794 0.02668
2015 310,785 10,422,897 0.02982
2014 305,305 9,955,046 0.03067
2013 181,909 8,836,065 0.02059
2
Total of line 1, column (d) .....................
2
0.135280
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
0.027056
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
14,701,235
5
Multiply line 4 by line 3......................
5
397,757
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
18,021
7
Add lines 5 and 6........................
7
415,778
8
Enter qualifying distributions from Part XII, line 4,.............
8
616,160
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 (2018)
Form 990-PF (2018)
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 18,021
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 18,021
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 18,021
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 6,527
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 16,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,027
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1
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 5,005
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,005 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
    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 2018 or the taxable year beginning in 2018? 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 (2018)
    Form 990-PF (2018)
    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 addressbulletN/A
    14
    The books are in care ofbulletALAN S BORSTEIN Telephone no.bullet (310) 582-1991

    Located atbullet11766 WILSHIRE BLVD SUITE 820LOS ANGELESCA ZIP+4bullet900256590
    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 2018, 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
     
    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
    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
    ALAN S BORSTEIN Trustee
    2.00     		0    
    11766 WILSHIRE BLVD STE 820
    LOS ANGELES,CA90025
    ERIC K BORSTEIN Trustee
    2.00     		0    
    11766 WILSHIRE BLVD STE 820
    LOS ANGELES,CA90025
    loren s borstein Trustee
    1.00     		0    
    11766 WILSHIRE BLVD STE 820
    los angeles,CA90025
    craig j borstein Trustee
    1.00     		0    
    11766 WILSHIRE BLVD STE 820
    los angeles,CA90025
    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  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    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  
    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.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    14,201,536
    b
    Average of monthly cash balances.......................
    1b
    354,919
    c
    Fair market value of all other assets (see instructions)................
    1c
    368,657
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,925,112
    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
    14,925,112
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    223,877
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,701,235
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    735,062
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    735,062
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    18,021
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,021
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    717,041
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    717,041
    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
    717,041
    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
    616,160
    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
    616,160
    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
    18,021
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    598,139
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 717,041
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 522,689
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 616,160
    a Applied to 2017, but not more than line 2a 522,689
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 93,471
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		623,570
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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).)
    ALAN S BORSTEIN
    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 (2018)
    Form 990-PF (2018)
    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
    HARVARD BUSINESS SCHOOL
    SOLDIERS FIELD TEELE 455
    BOSTON,MA02163     		NONE 501(C)(3) FOR GENERAL ETHICS FUND 10,000
    JOHN WAYNE CANCER INSTITUTE
    2200 SANTA MONICA BLVD
    SANTA MONICA,CA90404     		NONE 501(C)(3) IMMUNO-ONCOLOGY MELANOMA RESEARCH AND JWCI INFRASTRUCTURE 50,000
    LA JEWISH HOME FOR THE AGING
    7150 TAMPA AVE
    RESEDA,CA91334     		NONE 501(C)(3) FOR GENERAL FUND 10,000
    MORE THAN WORDS INC
    376 MOODY STREET
    WALTHAM,MA02453     		NONE 501(C)(3) FOR GENERAL FUND 2,000
    RONALD MCDONALD HOUSE
    4560 FOUNTAIN AVENUE
    LOS ANGELES,CA90029     		NONE 501(C)(3) FAMILY SUPPORT SERVICES AND INCREASED CAPACITY 75,000
    THE RAPE FOUNDATION-FBO STUART HOUS
    1223 WILSHIRE BLVD SUITE 410
    SANTA MONICA,CA90403     		NONE 501(C)(3) FOR GENERAL FUND 25,000
    UCLA FOUNDATION
    650 CHARLES E YOUNG DR S 12-260
    LOS ANGELES,CA90024     		NONE 501(C)(3) DR. DAN LEVI-PEDIATRIC CARDIOLOGY-NEONATAL DETECTION AND TREATMENT OF CONGENITAL HEART 75,000
    UNITED WAY OF GREATER LOS ANGELES
    523 W SIXTH STREET
    LOS ANGELES,CA90014     		NONE 501(C)(3) FOR GENERAL FUND 1,000
    USC LUSK CENTER FOR REAL ESTATE
    331 LEWIS HALL
    LOS ANGELES,CA90089     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 10,000
    CROSSROADS SCHOOL
    1714 21ST STREET
    SANTA MONICA,CA90404     		NONE 501(C)(3) FOR P.S. SCIENCE PROGRAM 20,000
    OPERATION SMILE
    6435 TIDEWATER DRIVE
    NORFOLK,VA23509     		NONE 501(C)(3) FOR GENERAL FUND 10,000
    CITY OF HOPE
    1055 WILSHIRE BLVD 1200
    LOS ANGELES,CA90017     		NONE 501(C)(3) CAR T CELL THERAPY FOR CNS LYMPHOMA 100,000
    ALZHEIMER'S ASSOCIATION
    5900 WILSHIRE BLVD 1700
    LOS ANGELES,CA90036     		NONE 501(C)(3) INDIVIDUAL RESEARCH GRANT SPONSORSHIP 25,000
    CROSSROADS SCHOOL
    1714 21ST STREET
    SANTA MONICA,CA90404     		NONE 501(C)(3) LEARNING SPECIALIST POSITION 30,000
    LOS ANGELES REGIONAL FOOD BANK
    1734 E 41ST STREET
    LOS ANGELES,CA90058     		NONE 501(C)(3) GENERAL FUND 25,000
    NORTHRIDGE YMCA
    11336 CORBIN AVENUE
    NORTHRIDGE,CA91326     		NONE 501(C)(3) YOUTH PROGRAMS 3,500
    OPERATION MENDUCLA HEALTH SCIENCES
    10945 LE CONTE AVENUE STE 3132
    LOS ANGELES,CA90095     		NONE 501(C)(3) OPERATION MEND CARE FUND 5,000
    CEDARS SINAI
    8700 BEVERLY BLVD SUITE 2416
    LOS ANGELES,CA90048     		NONE 501(C)(3) general fund 25,000
    JEWISH FEDERATION
    6505 WILSHIRE BLVD
    LOS ANGELES,CA90048     		NONE 501(C)(3) GENERAL FUND 10,000
    HOMEAID LOS ANGELES
    350 SOUTH BIXEL STREET SUITE 100
    LOS ANGELES,CA90017     		NONE 501(C)(3) NATIONAL HEALTH FOUNDATION PROJECT 10,000
    UC BERKELEY
    2150 SHATTUCK AVE SUITE 300
    BERKELEY,CA94270     		NOEN 501(C)(3) GREATER GOOD SCIENCE CENTER-DR. DANIELA KAUFER 25,000
    CROHNS COLITIS FOUNDATION
    10350 SANTA MONICA BLVD SUITE 120
    LOS ANGELES,CA90025     		NONE 501(C)(3) MICROBIOME INITIATIVE 10,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE 501(C)(3) DR. SAUL PRICEMAN RESEARCH IN IMMUNOTHERAPY 50,000
    Total .................................bullet 3a 606,500
    bApproved for future payment
    CROSSROADS SCHOOL
    1714 21ST STREET
    SANTA MONICA,CA90404     		NONE 501(C)(3) LEARNING SPECIALIST POSITION 75,000
    JOHN WAYNE CANCER INSTITUTE
    2200 SANTA MONICA BLVD
    SANTA MONICA,CA90404     		NONE 501(C)(3) IMMUNO-ONCOLOGY MELANOMA RESEARCH AND JWCI INFRASTRUCTURE 150,000
    UCLA FOUNDATION
    10920 WILSHIRE BLVD SUITE 1400
    LOS ANGELES,CA90024     		NONE 501(C)(3) PEDIATRIC CARDIOLOGY 150,000
    CROSSROADS SCHOOL
    1714 21ST STREET
    SANTA MONICA,CA90404     		NONE 501(C)(3) PS SCIENCE PROGRAM 20,000
    ALZHEIMER'S ASSOCIATION
    5900 WILSHIRE BLVD 1700
    LOS ANGELES,CA90036     		NONE 501(C)(3) INDIVIDUAL RESEARCH GRANT SPONSORSHIP 50,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE 501(C)(3) IMMUNOTHERAPY TARGETING CCR4 FOR T-CELL LYMPHOMA 500,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE 501(C)(3) CAR T-CELL THERAPY FOR CNS LYMPHOMA 400,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE 501(C)(3) IMMUNOTHERAPY RESEARCH 200,000
    LOS ANGELES REGIONAL FOOD BANK
    1734 E 41ST STREET
    LOS ANGELES,CA90058     		NONE 501(C)(3) PROGRAM OPERATING FUND 75,000
    CEDARS SINAI
    8700 BEVERLY BLVD
    LOS ANGELES,CA90048     		NONE 501(C)(3) DR. JORDAN: TRANSPLANT PATIENT IMMUNITY 50,000
    JEWISH FEDERATION
    6505 WILSHIRE BLVD
    LOS ANGELES,CA90048     		NONE 501(C)(3) PJ LIBRARY 40,000
    UC BERKELEY
    2150 SHATTUCK AVENUE
    BERKELEY,CA94270     		NONE 501(C)(3) DR. KAUFER: AD & BLOOD-BRAIN BARRIER 50,000
    HOMEAID LOS ANGELES
    350 S BIXEL STREET SUITE 100
    LOS ANGELES,CA90017     		NONE 501(C)(3) PROGRAM OPERATING FUNDS 5,000
    Total .................................bullet 3b 1,765,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 38,035  
    4 Dividends and interest from securities....     14 279,205  
    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 ............     		    18 280,483  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION SETTLEMENT     		    14 237  
    bORD. INCOME SANKATY     14 23,420  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   621,380  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    621,380
    (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 (2018)
    Form 990-PF (2018)
    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 (2018)
    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1


    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
    2018
    Name of the organization
    BORSTEIN FAMILY FOUNDATION
     
    Employer identification number

    95-4716815
    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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    BORSTEIN FAMILY FOUNDATION
          		Employer identification number
    95-4716815
    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
    BORSTEIN CHARITABLE LEAD ANNUITY TR  
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 96,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ALAN S BORSTEIN  
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 588,930


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    ALAN S BORSTEIN  
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 1,046,023


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    BORSTEIN FAMILY FOUNDATION
          		Employer identification number

    95-4716815
    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
    2
    		 6,000 SHS TIME WARNER TWX $ 588,930 2018-06-13
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 4350 SHS THERMO FISHER SCIENTIFIC INC. $ 1,046,023 2018-11-16
    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    BORSTEIN FAMILY FOUNDATION
          		Employer identification number

    95-4716815
    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) (2018)

    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES    
    CHEVRON CORP 99,969 100,314
    CISCO SYSTEMS INC 101,347 100,212
    DB CONT CAPITAL TRUST V    
    GOLDMAN SACHS GP 4,675 4,769
    ING GROEP NV    
    PRUDENTIAL PLC 25,000 26,130
    JP MORGAN CHASE & CO 294,651 296,664
    AT&T INC 49,024 49,350
    LAM RESEARCH CORP 50,544 49,530
    APPLE INC 101,506 98,828
    LOWE'S COS INC 99,892 99,433
    CITIBANK NA 99,680 98,018
    HSBC HOLDINGS PLC 293,100 296,133

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE LTD 27,253 141,010
    AMERICAN EXPRESS CO 108,082 154,895
    APPLE INC 76,098 209,794
    AT&T INC 443,447 389,571
    BB&T CORP 60,970 82,308
    CENTERPOINT ENERGY INC 58,191 84,690
    CHEVRON CORP 209,178 239,338
    COCA COLA CO 119,169 175,195
    CVS/CAREMARK CORPORATION 24,117 32,760
    DANAHER CORP 17,712 72,184
    EXXON MOBIL CORPORATION 184,951 150,018
    GENERAL ELECTRIC CO 40,293 15,140
    HEWLETT PACKARD CO 85,936 92,470
    HOME DEPOT INC 36,294 189,002
    HONEYWELL INTERNATIONAL INC 78,169 227,907
    INTEL CORP COMM 42,704 93,860
    INTERNATIONAL BUSINESS MACHINE CORP 77,124 85,253
    JOHNSON & JOHNSON 82,986 161,312
    JP MORGAN CHASE & CO 174,243 390,480
    MCDONALDS CORP 162,549 301,869
    MERCK & CO INC 38,040 76,410
    MICROSOFT CORP 240,879 558,635
    ORACLE CORPORATION 35,632 76,755
    PEPSICO INC 114,997 165,720
    PFIZER INC 82,300 231,345
    PHILIP MORRIS INTERNATIONAL INC 82,429 106,816
    PNC FINANCIAL SERVICES CORP 100,287 175,365
    PROCTOR & GAMBLE CO 94,306 128,688
    SCHLUMBERGER LTD 114,178 46,904
    SHERWIN WILLIAMS CO 81,933 226,240
    STARBUCKS CORP    
    THERMO FISHER SCIENTIFIC INC 68,772 268,548
    TIME WARNER INC NEW    
    TRAVELERS COMPANIES INC 74,858 203,575
    UNION PACIFIC CORP 29,252 138,230
    UNITED TECHNOLOGIES CORP 126,556 138,424
    US BANCORP DEL 100,380 137,100
    WALGREEN BOOTS ALLIANCE INC    
    WALMART STORES INC 94,941 149,040
    WALT DISNEY CO 26,605 142,545
    MOHAWK IND INC COM    
    TWENTY FIRST CENTURY FOX INC 65,391 96,240
    AMGEN INC 89,970 155,736
    COSTCO WHOLESALE CORP 48,821 81,484
    ABBOTT LABS 160,586 289,320
    AUTOMATIC DATA PROCESSING INC 120,920 232,738
    VERIZON COMMUNICATIONS 140,890 168,660
    BANK OF AMERICA CORP 155,527 221,760
    UNITEDHEALTH GROUP INC 87,164 143,244
    CISCO SYSTEMS INC 175,004 203,651
    HP INC 86,469 92,070
    JOHNSON CONTROLS INTERNATIONAL PLC    
    AMAZON COM INC 173,135 300,394
    CHARTER COMMUNICATIONS INC 124,785 227,976
    CITIGROUP INC 238,694 208,240
    CELGENE CORP 27,119 16,023
    ZOETIS INC 44,469 94,094
    ALPHABET INC CL A 215,979 266,465
    MASTERCARD INC 47,089 94,325
    DUKE ENERGY HOLDING CORP 79,827 86,300
    ROYAL DUTCH SHELL PLC 101,262 116,540
    CATEPILLAR INC 70,497 63,535
    EMERSON ELECTRIC CO 144,804 119,500
    ANALOG DEVICES INC 250,093 257,490
    FISERV INC 63,598 73,490
    SALESFORCE COM INC 136,015 195,182
    NOVARTIS AG    
    SPDR S&P 500 ETF TRUST 764,470 749,760
    DEERE & CO 69,676 63,397
    FORTIVE CORP 65,981 60,894
    RESIDEO TECHNOLOGIES INC 2,344 5,898
    AMPHENOL CORP CL A 129,704 121,530
    NVIDIA CORP 58,684 33,375
    TEXAS INSTRUMENTS INC 67,969 61,425
    DOWDUPONT INC 76,502 61,502
    AMEX UTILITIES SPDR 154,249 153,468
    PAYPAL HOLDINGS INC 72,653 71,476

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    US Government Securities - End of Year Book Value:

    997,578
    US Government Securities - End of Year Fair Market Value:

    995,648
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALEXANDER & BALDWIN INC (REIT) AT COST 19,349 18,380
    PUBLIC STORAGE INC COM (REIT) AT COST 16,649 50,602
    SANKATY MIDDLE MARKET OPP FUND II-A AT COST 304,880 301,749
    KILROY REALTY CORP COM (REIT) AT COST 72,871 62,880
    PROLOGIS, INC (REIT) AT COST 197,698 199,648

    TY 2018 OtherExpensesSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AGENCY FEES 63,546 63,546    
    FILING FEE 10     10
    REGISTRATION/RENEWAL FEE 150     150


    TY 2018 OtherIncomeSchedule2
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS ACTION SETTLEMENT 237 237  
    ORD. INCOME SANKATY 23,420 23,420  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administration & grant management 8,500 0 0 8,500
    TAX PREPARATION 2,000 1,000 0 1,000


    TY 2018 TaxesSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,638 3,638    
    U.S. TREASURY-EXCISE TAX 4,500