Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
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
TERASAKI FAMILY FOUNDATION
FKA THE PAUL I TERASAKI FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1018 WESTWOOD BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90024
A Employer identification number

95-4249502
B Telephone number (see instructions)

(310) 479-6101
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$64,635,184J 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) 2,227,141
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,685,203 1,685,203 1,685,203
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,617,472
b Gross sales price for all assets on line 6a 29,700,637
7 Capital gain net income (from Part IV, line 2)... 1,617,472
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 1,883
b Less: Cost of goods sold.... 13,134
c Gross profit or (loss) (attach schedule)..... Click to see attachment -11,251 -11,251
11 Other income (attach schedule)....... Click to see attachment 334,065 309,151 309,082
12 Total. Add lines 1 through 11........ 5,852,630 3,611,826 1,983,034
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 230,584     149,879
14 Other employee salaries and wages...... 1,702,942     1,437,301
15 Pension plans, employee benefits....... 55,201     44,565
16a Legal fees (attach schedule)......... Click to see attachment 101,291     101,291
b Accounting fees (attach schedule)....... Click to see attachment 185,290     144,661
c Other professional fees (attach schedule)....        
17 Interest............... 406 406 406  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 244,876 40,438 40,438 109,110
19 Depreciation (attach schedule) and depletion... Click to see attachment 223,277    
20 Occupancy.............. 125,820     56,335
21 Travel, conferences, and meetings....... 55,893     40,180
22 Printing and publications.......... 825     825
23 Other expenses (attach schedule)....... Click to see list of attachments 1,159,702 525,954 525,954 575,601
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,086,107 566,798 566,798 2,659,748
25 Contributions, gifts, grants paid....... 336,000 336,000
26 Total expenses and disbursements. Add lines 24 and 25 4,422,107 566,798 566,798 2,995,748
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,430,523
b Net investment income (if negative, enter -0-) 3,045,028
c Adjusted net income (if negative, enter -0-)... 1,416,236
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.............      
2 Savings and temporary cash investments......... 5,747,418 3,117,746 3,117,746
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) bullet3,500,000
Less: allowance for doubtful accounts bullet     Click to see attachment3,500,000 3,500,000
8 Inventories for sale or use.............. 45,234 32,649 32,649
9 Prepaid expenses and deferred charges.......... 12,169 26,124 26,124
10a Investments—U.S. and state government obligations (attach schedule) 1,931,360 Click to see attachment1,954,408 1,916,293
b Investments—corporate stock (attach schedule)....... 38,750,031 Click to see attachment39,113,940 40,778,467
c Investments—corporate bonds (attach schedule)....... 1,009,378 Click to see attachment1,038,513 1,013,432
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,271,721 Click to see attachment14,498,427 14,250,473
14 Land, buildings, and equipment: basis bullet1,492,767
Less: accumulated depreciation (attach schedule) bullet1,029,922 666,470 Click to see attachment462,845  
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 62,433,781 63,744,652 64,635,184
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 attachment80,016 Click to see attachment45
23 Total liabilities (add lines 17 through 22)......... 80,016 45
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.................. 62,353,765 63,744,607
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    
30 Total net assets or fund balances (see instructions)..... 62,353,765 63,744,607
31 Total liabilities and net assets/fund balances (see instructions). 62,433,781 63,744,652
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
62,353,765
2
Enter amount from Part I, line 27a .....................
2
1,430,523
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
203,555
4
Add lines 1, 2, and 3 ..........................
4
63,987,843
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
243,236
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
63,744,607
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 WF 0406 S/T COVERED P 2018-11-29 2018-11-29
b WF 0406 L/T COVERED P 2016-12-15 2018-11-27
c WF 0406 P 2014-10-28 2018-11-29
d WF 7138 S/T COVERED P 2018-01-17 2018-10-18
e WF 7138 S/T COVERED P 2016-10-28 2018-01-17
wf 7138 P 2016-01-04 2018-10-31
ML 04F19 S/T COVERED P 2017-05-11 2018-05-08
ML 04F19 L/T COVERED P 2017-05-11 2018-08-09
ML 02277 S/T COVERED P 2017-06-22 2018-06-13
ML 02277 l/t covered P 2017-08-16 2018-08-29
ML 02277 L/T NON COVERED P 2010-12-01 2018-12-06
ML 02505 S/T COVERED P 2018-04-11 2018-10-31
ML 02505 S/T NON COVERED P 2018-06-01 2018-06-01
ML 02505 L/T COVERED P 2017-01-23 2018-09-14
ml 02506 S/T COVERED P 2018-02-14 2018-10-31
ML 02506 L/T COVERED P 2017-08-14 2018-10-31
ML 02506 SUPP S/T NON COVERED P 2018-01-02 2018-12-07
ML 02506 SUPP L/T NON COVERED P 2017-02-10 2018-11-13
ML 02506 SUPPLEMENTAL P 2017-02-10 2018-12-10
128000 FNMA PMA3182 3.5% 2047 P 2017-12-07 2018-11-06
8000 FNMA PMA3182 3.5% 2047 P 2018-01-09 2018-11-06
17000 FNMA PAE0937 3.5% 2041 P 2013-11-13 2018-03-06
9000 FHLMC CO 9004 03 50% 2042 P 2014-06-10 2018-03-06
2000 FNMA PAK9393 03 50% 2042 P 2014-04-23 2018-03-06
12000 FHLMC GO 8541 3.5% 2043 P 2013-09-05 2018-03-06
98000 FNMA P995672 04 50% 2039 P 2013-03-25 2018-03-06
10000 FNMA PAL3626 04% 2042 P 2015-11-17 2018-03-06
2000 FNMA PMA2670 03% 2046 P 2017-06-19 2018-03-06
3429 FMC CORP D 2016-01-26 2018-12-31
2526 JP MORGAN CHASE & CO D 2016-01-26 2018-12-31
Capital Gain Dividends      
(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 254,030   254,144 -114
b 1,355,092   1,447,354 -92,262
c 491,159   207,444 283,715
d 303,236   308,581 -5,345
e 1,770,161   1,518,787 251,374
64,890   47,572 17,318
2,663,216   2,441,267 221,949
3,108,356   3,069,034 39,322
825,919   828,151 -2,232
814,149   758,450 55,699
9,130   4,030 5,100
870,805   879,525 -8,720
1,982   1,982  
879,721   942,107 -62,386
7,023,409   7,230,432 -207,023
8,291,529   7,354,015 937,514
145,055   145,151 -96
87,967   92,707 -4,740
70,999   66,987 4,012
115,608   122,437 -6,829
7,225   7,598 -373
5,764   5,847 -83
3,991   4,076 -85
785   797 -12
6,533   6,397 136
6,421   6,616 -195
3,731   3,876 -145
1,700   1,768 -68
251,172   164,558 86,614
245,431   161,475 83,956
      21,471
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       -114
b       -92,262
c       283,715
d       -5,345
e       251,374
      17,318
      221,949
      39,322
      -2,232
      55,699
      5,100
      -8,720
       
      -62,386
      -207,023
      937,514
      -96
      -4,740
      4,012
      -6,829
      -373
      -83
      -85
      -12
      136
      -195
      -145
      -68
      86,614
      83,956
       
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 1,617,472
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 -8,851
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 3,366,858 66,992,709 0.05026
2016 2,235,427 60,391,658 0.03702
2015 3,949,868 61,169,264 0.06457
2014 2,836,898 56,139,030 0.05053
2013 37,001,624 62,512,563 0.59191
2
Total of line 1, column (d) .....................
2
0.794285
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
0.158857
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
65,718,726
5
Multiply line 4 by line 3......................
5
10,439,880
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
30,450
7
Add lines 5 and 6........................
7
10,470,330
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,995,748
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 60,901
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 60,901
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 60,901
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 97,817
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 97,817
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 36,916
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet36,916 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (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 addressbulletTERASAKI.ORG
    14
    The books are in care ofbulletDR STEVEN HARDY Telephone no.bullet (310) 479-6101

    Located atbullet1018 WESTWOOD BLVDLOS ANGELESCA ZIP+4bullet90024
    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
    HISAKO TERASAKI Director
    0.00     		0    
    225 N CANON DR 8E
    BEVERLY HILLS,CA902105301
    TAIJI P TERASAKI SECRETARY
    0.00     		0    
    918 WAILUPE CIRCLE
    HONOLULU,HI96821
    KEITH K TERASAKI Chairman
    0.00     		0    
    11829 NORFIELD COURT
    LOS ANGELES,CA90077
    STEVEN HARDY CFO
    35.00     		230,584 17,430  
    5721 CRESCENT PARK WEST 407
    PLAYA VISTA,CA90094
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    STEWART HAN VICE PRESIDENT
    40.00     		80,487    
    20287 VIA MEDICI
    PORTER RANCH,CA91326
    JENNIFER BEAUMONT RESEARCHER
    40.00     		103,837 9,716  
    5816 WARING AVE APT 329
    LOS ANGELES,CA90038
    MATTHIAS HAMDORF RESEARCHER
    40.00     		95,657 8,449  
    11570 W OLYMPIC BLVD
    LOS ANGELES,CA90064
    MATTHEW EVERLY INTERIM DIRECTOR
    40.00     		218,318 22,844  
    2038 CORINTH AVE
    LOS ANGELES,CA90025
    RENE CASTRO IT MANAGER
    40.00     		108,821 8,748  
    1616 OAK ST
    LOS ANGELES,CA90015
    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 RESEARCH REGARDING EXPERIMENTAL HLA TISSUE TYPING TO FIND MATCHES BETWEEN ORGAN DONORS AND RECIPIENTS. CONDUCTING RESEARCH IN THE FOLLOWING AREAS:1) WORKING ON THE DISCOVERY AND CLASSIFICATION OF NEW HLA EPITOPE.2) SERVE AS RESEARCH LAB FOR ANTIBODY CHARACTERIZATION FOR MULTICENTER TRIALS TO DETERMINE THE ROLE OF HLA ANITBODY CHARACTERISTICS ALONG WITH PATIENT CHARACTERISTICS IN TRANSPLANT OUTCOME PREDICTION. 205,925
    2 SOLID ORGAN AND BONE MARROW TRANSPLANTATION RESEARCH.CURRENT RESERACH PROJECTS:1) PERFORM A MULTICENTER STUDY TO INVESTIGATE HLA ANTIGENS AND PATIENT FACTORS THAT CAN BE USEFUL IN PERDICTING THE DE NOVO DSA DEVELOPMENT IN KIDNEY TRANSPLANT RECIPIENTS.2) TEST PATIENT SAMPLES TO IDENTIFY THE IMPORTANT MICRORNA RELATED TO INJURY AND ANTIBODY DEVELOPMENT.3) PERFORM PILOT STUDY TO ASSESS ONCE DAILY ENVARSUS XR MEDICATION EFFICACY, ADVERSE EVENTS, MEDICATION NON-ADHERENCE, PATIENT-REPORTED OUTCOMES, AND ABBREVIATED PHARMACOKINETICS/DOSE FINDING TO EVALUATE A POPULATION OF ADOLESCENT RENAL TRANSPLANT RECIPIENTS WHILE ON STABLE TACROLIMUS(TWICE DAILY).4) PEFORM A LONGITUDINAL STUDY OF LUNG AND HEART TRANSPLANT PATIENTS TO UNDERSTAND THE IMPACT OF HLA AND ON-HLA ANITBODIES IN PROGRESSION TO TRANSPLANT AND TRANSPLANT OUTCOMES.5) ANALYZE DATA COLLECTED AS PART OF TWO CLINICAL TRIALS TO DETERMINE THE QUALITY OF LIFE OF TRANSPLANT RECIPIENTS AND THE CORRELATIONS BETWEEN QUALITY OF LIFE AND BAD OUTC 1,862,201
    3 TRANSPLANT EDUCATION CENTER TO INSPIRE AND EDUCATE PEOPLE ABOUT KIDNEY TRANSPLANTATION AND LIVING ORGAN DONATION. 345,671
    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
    64,020,765
    b
    Average of monthly cash balances.......................
    1b
    2,698,754
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,719,519
    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
    66,719,519
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,000,793
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    65,718,726
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,285,936
    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
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,995,748
    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
    2,995,748
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,995,748
    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  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    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$  
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount.....  
    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 ..........     		 
    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
    1990-03-27
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
    1,416,236 1,830,241 1,097,457 928,438 5,272,372
    b 85% of line 2a ......... 1,203,801 1,555,705 932,838 789,172 4,481,516
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		2,995,748 3,366,858 2,235,427 3,949,868 12,547,901
    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 ....     		2,995,748 3,366,858 2,235,427 3,949,868 12,547,901
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		2,190,624 2,233,090 2,013,055 2,038,975 8,475,744
    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 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
    JAPANESE AMERICAN NATL MUSEUM
    100 NORTH CENTRAL AVENUE
    LOS ANGELES,CA90012     		NONE EOF EVENT SPONSORSHIP - ANNUAL GALA DINNER 50,000
    TERASAKI NIBEI FOUNDATION
    11570 W OLYMPIC BLVD
    LOS ANGELES,CA90064     		  EOF GENERAL SUPPORT 180,000
    LUPUS FOUNDATION OF NO CALIFORNIA
    2635 NORTH FIRST ST 211
    SAN JOSE,CA95134     		NONE EOF SPONSORSHIP OF ANNUAL PURPLE RIBBON AWARDS 10,000
    CEDARS SINAI
    8700 BEVERLY BLVD STE 2416
    LOS ANGELES,CA90048     		NONE EOF SUPPORT TAKAHIRO SHIOTA MD EDUCATIONAL FUND 10,000
    GO FOR BROKE NATL EDUCATION CTR
    355 E 1ST ST STE 200
    LOS ANGELES,CA90012     		NONE EOF SPONSORSHIP - ANNUAL GALA 10,000
    US-JAPAN COUNCIL
    1819 L STREET NW STE 800
    WASHINGTON,DC20036     		NONE EOF SUPPORT 2017 TOMODACHI EMERGING LEADERS PROGRAM 50,000
    NATIONAL INVESTORS HALL OF FAME
    3701 HIGHLAND PARK NW
    NORTH CANTON,OH44720     		NONE EOF ANNUAL NATIONAL INVENTORS HALL OF FAME INDUCTION CEREMONY SPONSORSHIP 25,000
    NANKA FUKUOKA KENJINKAI
    1964 W 162ND ST
    GARDENA,CA90247     		NONE EOF GENERAL SUPPORT 1,000
    Total .................................bullet 3a 336,000
    bApproved for future payment
    Total .................................bullet 3b  
    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
    aTEST FEES         25,340
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         1,685,203
    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 3,539  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        1,617,472
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory 451211 -375     -10,876
    11 Other revenue:
    aL/T CAPITAL GAIN THRU K-1     		    18 269,004  
    bOTHER PORTFOLIO INC K-1     14 36,113  
    cS/T CAPITAL GAIN THRU K-1     18 69  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -375 308,725 3,317,139
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,625,489
    (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.)
    1A FEES FOR EXPERIMENTAL HLA TISSUE TYPING TESTS PERFORMED
    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
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION
    Employer identification number

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






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that 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
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION         		Employer identification number
    95-4249502
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    HISAKO TERASAKI  
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 1,500,001


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MARK TERASAKI  
    23 CONCORD ST
     
    WEST HARTFORD, CT06119

    		$ 16,110


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    KEITH TERASAKI  
    11829 NORFIELD COURT
     
    LOS ANGELES, CA90077

    		$ 16,110


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    TAIJI TERASAKI  
    918 WAILUPE PLACE
     
    HONOLULU, HI96821

    		$ 16,110


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    EMIKO TERASAKI  
    134 SOUTH ANITA AVENUE
     
    LOS ANGELES, CA90049

    		$ 187,883


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    P I TERASAKI GRAT II FBO EMIKO  
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 103,964


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION         		Employer identification number
    95-4249502
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    H TERASAKI GRAT II FBO EMIKO  
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 103,964


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

    		$  


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION         		Employer identification number

    95-4249502
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 3429 SH OF FMC2526 SH OF JP MORGAN CHASE & CO $ 498,648 2018-12-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    5
    		 160 SH ALPHABET INC $ 187,883 2018-09-19
    (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
    TERASAKI FAMILY FOUNDATION
    FKA THE PAUL I TERASAKI FOUNDATION         		Employer identification number

    95-4249502
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1

    TY 2018 AccountingFeesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COOPER, MOSS, RESNICK & KLEIN - AUDIT 32,161 0 0 32,161
    HORIE & CO - TAX & ACCTG 140,629 0 0 100,000
    WINDES 12,500 0 0 12,500

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

    TY 2018 DepreciationSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LEASEHOLD IMPROVEMENT 2000-07-14 8,950 3,998 SL 2.56 % 229      
    OUTDOOR SIGN 2005-01-01 43,753 37,295 150DB 5.90 % 2,581      
    FILE CABINET 2011-02-09 294 292 200DB 1.09 % 2      
    CABINETS 2012-08-10 4,731 4,097 200DB 8.93 % 422      
    T-72G REFRIGERATOR 2012-09-21 5,965 5,166 200DB 8.93 % 533      
    DISHWASHER 2012-11-19 631 546 200DB 8.93 % 56      
    THERMOFISHER SPD111-115 2013-01-02 10,887 10,259 200DB 5.76 % 628      
    BD BIOSCIENCES ACCURI C6 2013-01-11 70,632 66,563 200DB 5.76 % 4,069      
    NIKON MICROSCOPE 2013-05-15 9,186 8,657 200DB 5.76 % 529      
    DELL COMPUTER 2013-06-19 1,106 1,041 200DB 5.76 % 65      
    DELL COMPUTER 2013-07-05 553 522 200DB 5.76 % 31      
    DELL COMPUTER 2013-07-05 553 522 200DB 5.76 % 31      
    DELL COMPUTER 2013-12-12 1,001 942 200DB 5.76 % 59      
    DELL COMPUTER 2013-12-16 3,038 2,863 200DB 5.76 % 175      
    FREEZER (2) 2014-09-09 1,417 974 200DB 8.93 % 127      
    PROJECTOR LAMP 2014-09-24 850 584 200DB 8.93 % 76      
    REFRIGERATOR (2) 2015-07-29 1,960 1,103 200DB 12.49 % 245      
    DELL LAPTOP 2015-12-07 875 623 200DB 11.52 % 101      
    EPPENDORF THERMO MIXER 2016-02-17 15,703 8,166 200DB 19.20 % 3,015      
    ICE FLAKER 2016-03-14 5,045 2,623 200DB 19.20 % 969      
    NANODROP W/ CUVETTE 2016-03-21 10,812 5,622 200DB 19.20 % 2,076      
    EP MOTION P5073 EASYCON 2016-06-20 44,313 23,043 200DB 19.20 % 8,508      
    EPPENDORF THERMOADAPTER 2016-07-28 2,875 1,495 200DB 19.20 % 552      
    SATORIUS ANALYTICAL BALAN 2016-11-30 2,218 1,154 200DB 19.20 % 426      
    KEYENCE MICROSCOPE 2016-12-22 54,481 28,330 200DB 19.20 % 10,460      
    SURFACE PRO 2016-03-29 1,169 608 200DB 19.20 % 224      
    SURFACE PRO 2016-03-31 1,526 793 200DB 19.20 % 293      
    MICROFUGE 20 2016-01-03 2,086 1,085 200DB 19.20 % 401      
    CFX 384 TOUCH PCR SYS 2016-01-03 27,907 14,511 200DB 19.20 % 5,358      
    OUTDOOR SIGNAGE-WW 2017-12-05 9,378 1,340 200DB 24.49 % 2,297      
    OFFICE FURNITURE-WW 2017-06-22 143,572 20,516 200DB 24.49 % 35,161      
    LAB FURNITURE-WW 2017-06-21 114,329 16,338 200DB 24.49 % 27,999      
    LAB EQPT - OLYMPIC 2017-06-29 166,508 33,302 200DB 32.00 % 53,283      
    LAB EQPT - WESTWOOD 2017-11-20 33,364 6,673 200DB 32.00 % 10,676      
    COMPUTER EQPT-WW 2017-09-22 9,920 1,984 200DB 32.00 % 3,174      
    AUDIO/VISUAL EQPT-WW 2017-06-01 184,297 26,336 200DB 24.49 % 45,134      
    TELEPHONE EQUIPMENT 2017-09-01 1,809 259 200DB 24.49 % 443      
    FREEZER 2018-01-08 766   200DB 14.29 % 109      
    WORK BENCH 2018-04-09 958   200DB 20.00 % 192      
    MAGNETIC SEPARATOR 2018-08-13 1,004   200DB 20.00 % 201      
    ACOUSTIC TILE 2018-08-01 4,188   SL 3.33 % 139      
    LAPTOP (4) 2018-01-22 3,040   200DB 20.00 % 608      
    LAPTOP 2018-02-02 759   200DB 20.00 % 152      
    DELL LAPTOP 2018-07-25 881   200DB 20.00 % 176      
    SURFACE PRO 2018-10-08 980   200DB 20.00 % 196      
    MOBILE PROJECTOR 2018-10-11 690   200DB 20.00 % 138      
    DELL LAPTOP 2018-11-16 807   200DB 20.00 % 161      
    DESKS(3) 2018-06-01 1,102   200DB 14.29 % 157      
    PEDESTAL CABINET(3) 2018-06-01 678   200DB 14.29 % 97      
    CHAIRS(3) 2018-06-01 1,980   200DB 14.29 % 283      
    CABINET DRAWER (3) 2018-08-13 1,194   200DB 14.29 % 171      
    OFFICE DESK (5) 2018-08-14 625   200DB 14.29 % 89      

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 1,038,513 1,013,432

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 39,113,940 40,778,467

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    US Government Securities - End of Year Book Value:

    1,954,408
    US Government Securities - End of Year Fair Market Value:

    1,916,293
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES AT COST 11,065,697 10,798,194
    PRIVATE EQUITY PARTNERSHIPS AT COST 3,432,730 3,452,279

    TY 2018 LandEtcSchedule2
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 337,343 162,779 174,564  
    Machinery and Equipment 1,024,011 763,413 260,598  
    Improvements 56,891 44,242 12,649  
    Miscellaneous 74,522 59,488 15,034  


    TY 2018 LegalFeesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KOPPLE, KLINGER & ELBAZ 101,291 0 0 101,291


    TY 2018 OtherDecreasesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    BOOK VS FORM 1099 INTEREST INCOME VARIANCE 425
    FMV INCREASE OF CONTRIBUTIONS 242,603
    PRIOR PERIOD ADJUSTMENT 208


    TY 2018 OtherExpensesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 1,492     1,492
    BANK CHARGES 1,814 180 180  
    BLOOD SAMPLES 45     45
    COMPUTER SUPPLIES 7,709     6,896
    DUES & SUBSCRIPTIONS 27,489     27,489
    EMPLOYEE BENEFITS 144,609     124,037
    EQUIPMENT RENTAL 7,144     7,144
    EQUIPMENT REPAIRS 14,268     14,268
    INTERNET SERVICES 20,348     16,653
    INVESTMENT FEES 525,774 525,774 525,774  
    LAB TESTING SERVICES 5,340     5,340
    LABORATORY SUPPLIES 158,170     158,170
    LIABILITY INSURANCE 23,550     23,550
    LICENSE & PERMITS 316     100
    MEALS & ENTERTAINMENT 9,678     2,625
    MISCELLANEOUS 850      
    OFFICE SUPPLIES 12,711     2,493
    OUTSIDE SERVICES 135,511     129,181
    PAYROLL PROCESSING SERVICES 2,326      
    PERSONNEL 7,405     7,405
    POSTAGE 2,463     676
    RESEARCH 28,838     28,838
    TELEPHONE 15,495     13,537
    WORKERS COMPENSATION INSURANCE 6,357     5,662


    TY 2018 OtherIncomeSchedule2
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    L/T CAPITAL GAIN THRU K-1 269,004 269,004 269,004
    Other Investment Income 3,539 3,965 3,965
    OTHER PORTFOLIO INC K-1 36,113 36,113 36,113
    S/T CAPITAL GAIN THRU K-1 69 69  
    TEST FEES 25,340    


    TY 2018 OtherIncreasesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    BOOK VS FORM 1099 DIVIDEND INCOME VARIANCE 87,578
    BOOK VS FORM 1099 NET CAPITAL GAIN VARIANCE 115,977


    TY 2018 OtherLiabilitiesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value
    SALES TAX PAYABLE 16 45
    DUE TO DR RAVI 80,000  


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

    TY 2018 OtherNotesLoansRcvblLongSch
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    LITTLE TOKYO SERVICE CENTER DONEE 3,500,000 3,500,000 2018-01 2023-01 P & I DUE ON MATURITY 600.00 % 2449 HYPERION AVE, LA , CA RENOVATION   3,500,000

    TY 2018 SalesOfInventoryList 
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    SALES - BOOKS 964 11,840 -10,876
    BOOKSTORE 919 1,294 -375

    TY 2018 TaxesSchedule
    Name:
    TERASAKI FAMILY FOUNDATION
     
    FKA THE PAUL I TERASAKI FOUNDATION
    EIN:
    95-4249502
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 71,000      
    FOREIGN TAX 40,438 40,438 40,438  
    PAYROLL TAX 133,403     109,110
    SALES TAX 25      
    STATE TAX 10