Form990-PF

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
TARSADIA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)520 NEWPORT CENTER DRIVE 21ST FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWPORT BEACH, CA92660
A Employer identification number

33-0879062
B Telephone number (see instructions)

(949) 610-8038
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$216,997,426J 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) 94,500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 153,975 153,975  
4 Dividends and interest from securities... 3,965,917 3,965,917  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,557,149
b Gross sales price for all assets on line 6a 210,109,789
7 Capital gain net income (from Part IV, line 2)... 7,557,149
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 143,289 5,290  
12 Total. Add lines 1 through 11........ 106,320,330 11,682,331  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 263,800 0   263,800
14 Other employee salaries and wages...... 100,924 0   100,924
15 Pension plans, employee benefits....... 30,501 0   30,501
16a Legal fees (attach schedule)......... Click to see attachment 1,898 0   1,898
b Accounting fees (attach schedule)....... Click to see attachment 30,599 0   30,599
c Other professional fees (attach schedule).... Click to see attachment 245,629 180,007   65,622
17 Interest............... 1,110 1,110   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 358,060 334,409   23,651
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 114,820 0   114,820
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 125,004 54,354   70,650
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,272,345 569,880   702,465
25 Contributions, gifts, grants paid....... 8,026,075 8,026,075
26 Total expenses and disbursements. Add lines 24 and 25 9,298,420 569,880   8,728,540
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 97,021,910
b Net investment income (if negative, enter -0-) 11,112,451
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............. 41,883 -220,006 -220,006
2 Savings and temporary cash investments......... 42,618,529 87,064,872 87,064,872
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) bullet850,000
Less: allowance for doubtful accounts bullet0 100,000 850,000 850,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 60,488,390 Click to see attachment116,848,599 113,889,540
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,909,686 Click to see attachment14,299,407 14,299,407
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   9,928 0 0
15 Other assets (describe bullet) Click to see attachment29,010 Click to see attachment65,069 Click to see attachment1,113,613
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,197,426 218,907,941 216,997,426
Liabilities 17 Accounts payable and accrued expenses..........   2,669
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 attachment0 Click to see attachment2,451,507
23 Total liabilities (add lines 17 through 22)......... 0 2,454,176
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.................. 115,197,426 216,453,765
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)..... 115,197,426 216,453,765
31 Total liabilities and net assets/fund balances (see instructions). 115,197,426 218,907,941
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
115,197,426
2
Enter amount from Part I, line 27a .....................
2
97,021,910
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,234,429
4
Add lines 1, 2, and 3 ..........................
4
216,453,765
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
216,453,765
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 TD AMERITRADE NONCOVERED SHORT-TERM      
b TD AMERITRADE NONCOVERED LONG-TERM      
c GOLDMAN SACHS 41745 COVERED SHORT-TERM      
d GOLDMAN SACHS 41745 COVERED LONG-TERM      
e GOLDMAN SACHS 41745 NONCOVERED LONG-TERM      
GOLDMAN SACHS 41745 ORDINARY GAIN      
GOLDMAN SACHS 41747 COVERED SHORT TERM      
GOLDMAN SACHS 41747 COVERED LONG TERM      
GOLDMAN SACHS 41755 COVERED LONG TERM      
JP MORGAN 8000 LONG TERM      
JP MORGAN 8000 SHORT TERM      
JP MORGAN 1002 LONG TERM      
JP MORGAN 1002 SHORT TERM      
FIDELITY SHORT-TERM      
FIDELITY LONG-TERM      
FIDELITY OPTION TRANSACTIONS      
CAPITAL GAINS 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 190,086,504   184,097,344 5,989,160
b 8,404,298   8,229,995 174,303
c 49,962   49,765 197
d 286,448   289,031 -2,583
e 50,000   49,982 18
75,000   75,000 0
1,094   835 259
101,391   61,892 39,499
285,688   236,838 48,850
1,627,779   1,254,096 373,683
600,726   553,324 47,402
6,047,850   5,279,382 768,468
1,229,970   1,247,127 -17,157
550,905   574,982 -24,077
3,175   2,267 908
402,327   550,780 -148,453
306,672     306,672
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       5,989,160
b       174,303
c       197
d       -2,583
e       18
      0
      259
      39,499
      48,850
      373,683
      47,402
      768,468
      -17,157
      -24,077
      908
      -148,453
      306,672
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 7,557,149
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 5,025,298 92,872,236 0.054110
2016 5,019,351 69,981,021 0.071724
2015 6,140,904 65,961,260 0.093099
2014 4,076,452 59,015,488 0.069074
2013 2,726,647 39,846,276 0.068429
2
Total of line 1, column (d) .....................
2
0.356436
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
0.071287
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
132,354,040
5
Multiply line 4 by line 3......................
5
9,435,122
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
111,125
7
Add lines 5 and 6........................
7
9,546,247
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,728,540
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 1 222,249
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 222,249
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 222,249
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 56,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 256,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 347
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 33,404
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet33,404 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletWWW.TARSADIAFOUNDATION.ORG
    14
    The books are in care ofbulletTUSHAR PATEL Telephone no.bullet (949) 610-8038

    Located atbullet520 NEWPORT CENTER DR 21ST FLOORNEWPORT BEACHCA ZIP+4bullet92660
    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
     
     
    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
     
     
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BU PATEL CHAIRMAN
    12.00     		0 0 0
    520 NEWPORT CENTER DR 21ST FLOOR
    NEWPORT BEACH,CA92660
    TUSHAR PATEL CFO & SECRETARY
    2.00     		0 0 0
    520 NEWPORT CENTER DR 21ST FLOOR
    NEWPORT BEACH,CA92660
    SHIRISH DAYAL DIRECTOR
    32.00     		213,800 0 0
    520 NEWPORT CENTER DR 21ST FLOOR
    NEWPORT BEACH,CA92660
    MAYA PATEL PRESIDENT
    30.00     		50,000 0 0
    520 NEWPORT CENTER DR 21ST FLOOR
    NEWPORT BEACH,CA92660
    GAUTAM PATEL TRUSTEE
    2.00     		0 0 0
    277 WEST 4TH STREET APT 2
    NEW YORK,NY10014
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    104,299,961
    b
    Average of monthly cash balances.......................
    1b
    15,770,216
    c
    Fair market value of all other assets (see instructions)................
    1c
    14,299,407
    d
    Total (add lines 1a, b, and c).........................
    1d
    134,369,584
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    134,369,584
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,015,544
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    132,354,040
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,617,702
    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
    6,617,702
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    222,249
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    11,949
    c
    Add lines 2a and 2b............................
    2c
    234,198
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,383,504
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,383,504
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,383,504
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    8,728,540
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,728,540
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,728,540
    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 6,383,504
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 791,227
    b From 2014...... 1,210,650
    c From 2015...... 2,890,865
    d From 2016...... 1,587,539
    e From 2017...... 434,908
    fTotal of lines 3a through e........ 6,915,189
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 8,728,540
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 6,383,504
    e Remaining amount distributed out of corpus 2,345,036
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 9,260,225
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		791,227
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		8,468,998
    10 Analysis of line 9:
    a Excess from 2014.... 1,210,650
    b Excess from 2015.... 2,890,865
    c Excess from 2016.... 1,587,539
    d Excess from 2017.... 434,908
    e Excess from 2018.... 2,345,036
    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).)
    BU PATEL
    TUSHAR PATEL
    MAYA PATEL
    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
    AKSHAYA PATRA FOUNDATION USA
    92 MONTVALE AVENUE SUITE 2500
    STONEHAM,MA02180     		  PUBLIC PROGRAM SUPPORT 4,000
    ALAPIO - ASSOCIATION OF LOS ANGELES PHYSICIANS OF INDIAN ORIGIN
    3148 FOND DR
    ENCINO,CA91436     		  PUBLIC PROGRAM SUPPORT 10,000
    AMERICAN INDIA FOUNDATION
    216 EAST 45TH STREET
    NEW YORK,NY10037     		  PUBLIC PROGRAM SUPPORT 10,300
    BAPS CHARITIES
    81 SUTTON LANE SUITE 201
    PISCATAWAY,NJ08854     		  PUBLIC PROGRAM SUPPORT 10,001
    BARDOLI PARDESH KELAVANI MANDAL
    MAHUVA ROAD TALOKA BARDOLI
    DIST SURAT,GUJARAT394350
    IN     		  PUBLIC PROGRAM SUPPORT 1,575,000
    BAYFIELD FOUNDATION INC
    PO BOX 232492
    ENCINITAS,CA92023     		  PUBLIC PROGRAM SUPPORT 15,500
    BIG BROTHERS BIG SISTERS OF OC
    14131 YORBA STREET SUITE 200
    TUSTIN,CA92780     		  PUBLIC PROGRAM SUPPORT 200,000
    CHARITABLE VENTURES OF OC
    4041 MACARTHUR BLVD SUITE 510
    NEWPORT BEACH,CA92660     		  PUBLIC PROGRAM SUPPORT 25,000
    CHINMAYA MISSION LOS ANGELES
    14451 FRANKLIN AVENUE
    TUSTIN,CA92780     		  PUBLIC PROGRAM SUPPORT 10,000
    COLETTE'S CHILDREN'S HOME
    7372 PRINCE DR SUITE 106
    HUNTINGTON BEACH,CA92647     		  PUBLIC PROGRAM SUPPORT 360,000
    COURT APPOINTED SPECIAL ADVOCATES
    1615 E 17TH ST STE 100
    SANTA ANA,CA92705     		  PUBLIC PROGRAM SUPPORT 125,000
    CSUF PHILANTHROPIC FOUNDATION
    2600 NUTWOOD AVE SUITE 850
    FULLERTON,CA92831     		  PUBLIC PROGRAM SUPPORT 253,000
    EACH ONE TEACH ONE INC
    16491 SCIENTIFIC WAY
    IRVINE,CA92618     		  PUBLIC PROGRAM SUPPORT 10,000
    EAGLES OF EIGHTY-TWO INC
    1009 E WALNUT AVE
    EL SEGUNDO,CA90245     		  PUBLIC PROGRAM SUPPORT 5,000
    ECOLOGY CENTER
    32701 ALIPAZ ST
    SAN JUAN CAPISTRANO,CA92675     		  PUBLIC PROGRAM SUPPORT 650
    EL CAMINO COLLEGE FOUNDATION
    16007 CRENSHAW BLVD
    TORRANCE,CA90506     		  PUBLIC PROGRAM SUPPORT 5,000
    EXPONENT PHILANTHROPY
    1720 N ST NW
    WASHINGTON,DC20036     		  PUBLIC PROGRAM SUPPORT 5,000
    FAMILY REACH FOUNDATION
    2001 ROUTE 46 SUITE 310
    PARSIPANNY,NJ07054     		  PUBLIC PROGRAM SUPPORT 25,000
    FIRST CHOICE BANK
    17414 CARMENITA AVENUE
    CERRITOS,CA90703     		  PUBLIC PROGRAM SUPPORT 3,300
    FOUNDATION CENTER
    79 FIFTH AVE
    NEW YORK,NY10003     		  PUBLIC PROGRAM SUPPORT 25,000
    GRANTMAKERS FOR EFFECTIVE ORGANIZATION
    1725 DESALES ST NW SUITE 404
    WASHINGTON,DC20036     		  PUBLIC PROGRAM SUPPORT 3,190
    ILLUMINATION FOUNDATION
    2691 RICHTER AVE SUITE 107
    IRVINE,CA92606     		  PUBLIC PROGRAM SUPPORT 25,000
    INDIAN FILM FESTIVAL OF LOS ANGELES
    5657 WILSHIRE BOULEVARD 130
    LOS ANGELES,CA90036     		  PUBLIC PROGRAM SUPPORT 7,500
    JAIN CENTER OF SOUTHERN CALIFORNIA
    8072 COMMONWEALTH AVE
    BUENA PARK,CA90621     		  PUBLIC PROGRAM SUPPORT 10,000
    JOY OF SHARING FOUNDATION
    15311 PIONEER BLVD
    NORWALK,CA90650     		  PUBLIC PROGRAM SUPPORT 150,000
    LATE DIWALIBHEN UKABHAI TRUST
    RAMJI MANDIR KADOD ROAD
    BARDOLI SURAT,GUJARAT394601
    IN     		  PUBLIC PROGRAM SUPPORT 994,000
    LESTONNAC FREE CLINIC
    1215 EAST CHAPMAN BLVD
    ORANGE,CA92866     		  PUBLIC PROGRAM SUPPORT 187,563
    LEUKEMIA & LYMPHOMA SOCIETY
    515 CABRILLO PARK DR
    SANTA ANA,CA92701     		  PUBLIC PROGRAM SUPPORT 1,000
    MANAV SADHNA
    1916 PASTORAL LANE
    HANOVER,IL60133     		  PUBLIC PROGRAM SUPPORT 75,000
    MERCY HOUSE
    1505 E 17TH ST
    SANTA ANA,CA92705     		  PUBLIC PROGRAM SUPPORT 57,754
    NATIONAL CENTER FOR FAMILY PHILANTHROPY
    1101 CONNECTICUT AVE NW SUITE 220
    WASHINGTON,DC20036     		  PUBLIC PROGRAM SUPPORT 5,000
    ORANGE COUNTY COMMUNITY FOUNDATION
    4041 MACARTHUR BLVD SUITE 510
    NEWPORT BEACH,CA92660     		  PUBLIC PROGRAM SUPPORT 100,250
    PALOS VERDES PENINSULA HIGH SCHOOL ROBOTICS
    27118 SILVER SPUR ROAD
    ROLLING HILLS ESTATES,CA90274     		  PUBLIC PROGRAM SUPPORT 500
    PRATHAM USA
    9703 RICHMOND AVE SUITE 102
    HOUSTON,TX77042     		  PUBLIC PROGRAM SUPPORT 25,000
    PROJECT CONCERN INTERNATIONAL
    5151 MURPHY CANYON ROAD 320
    SAN DIEGO,CA92123     		  PUBLIC PROGRAM SUPPORT 5,000
    PROJECT HOPE ALLIANCE
    1954 PLACENTIA AVENUE SUITE 202
    COSTA MESA,CA92627     		  PUBLIC PROGRAM SUPPORT 10,000
    SAGE HILL SCHOOL
    20402 NEWPORT COAST DRIVE
    NEWPORT COAST,CA92657     		  PUBLIC PROGRAM SUPPORT 115,000
    SAI EDUCARE TRUST
    NO 10 GANDHI ST NEMILICHERY
    CHROMEPET
    CHENNAI,TAMIL NADU600044
    IN     		  PUBLIC PROGRAM SUPPORT 25,000
    SECOND HARVEST FOOD BANK
    8014 MARINE WAY
    IRVINE,CA92618     		  PUBLIC PROGRAM SUPPORT 10,000
    SHARP HEALTHCARE FOUNDATION
    8695 SPECTRUM CENTER BLVD
    SAN DIEGO,CA92123     		  PUBLIC PROGRAM SUPPORT 5,000
    SOUTH ASIAN HELP & REFERRAL AGENCY (SAHARA)
    17100 PIONEER BLVD SUITE 260
    ARTESIA,CA90701     		  PUBLIC PROGRAM SUPPORT 30,000
    SOUTHERN CALIFORNIA GRANTMAKERS
    1000 N ALAMEDA ST SUITE 230
    LOS ANGELES,CA90012     		  PUBLIC PROGRAM SUPPORT 6,067
    THE UCLA FOUNDATION
    110 WESTWOOD PLAZA MULLIN MANAGEMEN
    COMMONS SUITE F301 BOX 951481
    LOS ANGELES,CA90095     		  PUBLIC PROGRAM SUPPORT 500,000
    ORANGE COUNTY UNITED WAY
    18012 MITCHELL SOUTH
    IRVINE,CA92614     		  PUBLIC PROGRAM SUPPORT 133,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    1150 S OLIVE STREET 24TH FLOOR
    LOS ANGELES,CA90015     		  PUBLIC PROGRAM SUPPORT 100,000
    VOICE OF SPECIALLY ABLED PEOPLE INC
    22734 STAGG ST
    WEST HILLS,CA91304     		  PUBLIC PROGRAM SUPPORT 50,000
    NEW YORK UNIVERSITY
    105 EAST 17TH ST 3RD FLOOR
    NEW YORK,NY10003     		  PUBLIC PROGRAM SUPPORT 1,000,000
    INDIA DEVELOPMENT AND RELIEF FUND INC
    5821 MOSSROCK DRIVE
    NORTH BETHESDA,MD208523238     		  PUBLIC PROGRAM SUPPORT 500,000
    BOYS & GIRLS CLUB OC
    17701 COWAN SUITE 110
    IRVINE,CA92614     		  PUBLIC PROGRAM SUPPORT 350,000
    POPULATION SERVICES INTERNATIONAL
    1120 19TH STREET NW SUITE 600
    WASHINGTON,DC20036     		  PUBLIC PROGRAM SUPPORT 250,000
    VITAMIN ANGEL ALLIANCE INC
    111 W MICHELTORENA ST SUITE 300
    SANTA BARBARA,CA93101     		  PUBLIC PROGRAM SUPPORT 150,000
    KABOOM
    4301 CONNECTICUT AVE NW SUITE ML-1
    WASHINGTON,DC20008     		  PUBLIC PROGRAM SUPPORT 107,000
    SAMASOURCE
    2017 MISSION STREET SUITE 301
    SAN FRANCISCO,CA94110     		  PUBLIC PROGRAM SUPPORT 100,000
    UCSF
    UCSF BOX 0248
    SAN FRANCISCO,CA94143     		  PUBLIC PROGRAM SUPPORT 100,000
    NALANDA 20
    PO BOX 14841
    FREMONT,CA94539     		  PUBLIC PROGRAM SUPPORT 25,000
    ASIAN AMERICANS ADVANCING JUSTICE
    1626 E 4TH ST
    SANTA ANA,CA92701     		  PUBLIC PROGRAM SUPPORT 10,000
    HOMEAID ORANGE COUNTY INC
    24 EXECUTIVE PARK
    IRVINE,CA92614     		  PUBLIC PROGRAM SUPPORT 10,000
    OC HUMAN RELATIONS
    1801 E EDINGER AVE
    SANTA ANA,CA92705     		  PUBLIC PROGRAM SUPPORT 10,000
    PATHWAYS OF HOPE
    1231 E CHAPMAN AVE
    FULLERTON,CA92831     		  PUBLIC PROGRAM SUPPORT 10,000
    ONEZAMBIA
    4533 MACARTHUR BLVD 5081
    NEWPORT BEACH,CA92660     		  PUBLIC PROGRAM SUPPORT 10,000
    CALIFORNIA STATE UNIVERSITY OF FULLERTON
    800 N STATE COLLEGE BLVD
    FULLERTON,CA928313599     		  PUBLIC PROGRAM SUPPORT 10,000
    KURE IT CANCER RESEARCH
    2201 DUPONT DR 700
    IRVINE,CA92612     		  PUBLIC PROGRAM SUPPORT 8,000
    ORANGE COUNTY GRANTMAKERS
    4041 MACARTHUR BLVD SUITE 510
    NEWPORT BEACH,CA92660     		  PUBLIC PROGRAM SUPPORT 5,000
    GLOBAL IMAGE FOUNDATION INC
    2414 NORTH TUSTIN AVENUE 14K-04
    SANTA ANA,CA92705     		  PUBLIC PROGRAM SUPPORT 5,000
    INDIANS FOR COLLECTIVE ACTION
    3838 MUMFORD PLACE
    PALO ALTO,CA94306     		  PUBLIC PROGRAM SUPPORT 5,000
    HELPERS OF MANKIND
    PO BOX 111
    WHITTIER,CA90608     		  PUBLIC PROGRAM SUPPORT 4,500
    DREAMS FOR SCHOOLS
    18481 YORBA ST
    TUSTIN,CA92780     		  PUBLIC PROGRAM SUPPORT 2,500
    GLOBAL GLOW
    1202 N BROADWAY
    SANTA ANA,CA92701     		  PUBLIC PROGRAM SUPPORT 2,500
    RAVI & SHASHI BELLARE ARTS FOUNDATION
    14865 SUMMIT TRAIL RD
    CHINO HILLS,CA91709     		  PUBLIC PROGRAM SUPPORT 1,000
    WORLD WILDLIFE FUND
    1250 24TH STREET NW
    WASHINGTON,DC20037     		  PUBLIC PROGRAM SUPPORT 1,000
    ORANGE COUNTY SCHOOL OF THE ARTS FOUNDATION
    1010 N MAIN STREET
    SANTA ANA,CA92701     		  PUBLIC PROGRAM SUPPORT 25,000
    LONDON MARATHON
    JUBILEE HOUSE
    GOSFORTH NEWCASTLE UPON T   NE3 4PL
    UK     		  PUBLIC PROGRAM SUPPORT 2,500
    ZEROCANCERORG
    515 KING STREET SUITE 420
    ALEXANDRIA,VA22314     		  PUBLIC PROGRAM SUPPORT 4,000
    IRONMAN KONA
    3407 W DR MARTIN LUTHER KING JR
    BLVD SUITE 100
    TAMPA,FL33607     		  PUBLIC PROGRAM SUPPORT 3,000
    AIDSLIFECYCLE
    PO BOX 426199
    SAN FRANCISCO,CA941426199     		  PUBLIC PROGRAM SUPPORT 1,000
    SUSAN G KOMEN
    5005 LBJ FREEWAY SUITE 526
    DALLAS,TX75244     		  PUBLIC PROGRAM SUPPORT 250
    LYREIO FOUNDATION
    140 FIFTH AVE
    NEW YORK,NY100114316     		  PUBLIC PROGRAM SUPPORT 1,000
    HABITAT FOR HUMANITY
    322 WEST LAMAR STREET
    AMERICUS,GA317093543     		  PUBLIC PROGRAM SUPPORT 5,000
    THE HELLENIC AMERICAN MEDICAL AND DENTAL SOCIETY OF SOUTHERN CALIFORNIA
    1760 TERMINO AVE SUITE 314
    LONG BEACH,CA90804     		  PUBLIC PROGRAM SUPPORT 250
    Total .................................bullet 3a 8,026,075
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 153,975  
    4 Dividends and interest from securities....     14 3,965,917  
    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.....     18 5,290  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 7,557,149  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aBLACKSTONE ENERGY PARTNERS Q LP ORDINARY BUSINESS INCOME     		900099 144,174      
    bBLACKSTONE ENERGY PARTNERS Q LP INTANGIBLE DRILLING & DEV. COSTS 900099 -22,187      
    cBLACKSTONE ENERGY PARTNERS Q LP RENTAL INCOME 900099 22      
    dBLACKSTONE ENERGY PARTNERS (CAYMAN) Q LP - QEF EARNINGS 900099 1,856      
    eBLACKSTONE ENERGY PARTNERS Q LP - SECTION 1231 GAIN 900099 268      
    fBLACKSTONE SEAMW ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 900099 57      
    gBLACKSTONE SITHE ENERGY FEEDER FUND (CAYMAN) BEP LP - QEF EARNINGS 900099 1,373      
    hBLACKSTONE MRW ENERGY FEEDER FUND (CAYMAN) LP - QEF CAPITAL GAINS 900099 5,061      
    iBLACKSTONE ENERGY PARTNERS Q LP OIL & GAS DEPLETION 900099 -19,320      
    jBLACKSTONE ALT ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 900099 16,984      
    kBLACKSTONE MRW ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 900099 4,811      
    lBLACKSTONE NB ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 900099 2,773      
    mBLACKSTONE NB ENERGY FEEDER FUND (CAYMAN) LP - QEF CAPITAL GAINS 900099 2,127      
    12 Subtotal. Add columns (b), (d), and (e).. 137,999 11,682,331 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,820,330
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    TARSADIA FOUNDATION
     
    Employer identification number

    33-0879062
    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
    TARSADIA FOUNDATION
          		Employer identification number
    33-0879062
    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
    KRISHAN TARSADIA TRUST (FALCON TRUST)
     
    100 WEST LIBERTY STREET 10TH FLOOR
     
    RENO, NV89501

    		$ 7,500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    T-TWELVE LEGACY TRUST
     
    100 WEST LIBERTY STREET 10TH FLOOR
     
    RENO, NV89501

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    TUSHAR PATEL FAMILY TRUST
     
    520 NEWPORT CENTER DR 21ST FLOOR
     
    NEWPORT BEACH, CA92660

    		$ 85,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    KKSA
     
    277 W 4TH STREET 2
     
    NEW YORK, NY10014

    		$ 1,000,000


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    TARSADIA FOUNDATION
          		Employer identification number

    33-0879062
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    TARSADIA FOUNDATION
          		Employer identification number

    33-0879062
    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:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 30,599 0   30,599

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TD AMERITRADE 73,586,750 70,768,301
    GOLDMAN SACHS & CO. 18,400,385 19,502,715
    JP MORGAN 19,547,921 18,642,321
    FIDELITY 5,313,543 4,976,203

    TY 2018 InvestmentsOtherSchedule2
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE ENERGY PARTNERS LP AT COST 3,593,810 3,593,810
    BLACKSTONE ENERGY PARTNERS II AT COST 3,273,562 3,273,562
    NVOICEPAY, INC. AT COST 5,313,318 5,313,318
    BLACKSTONE CAPITAL PARTNERS VII L.P. AT COST 1,608,691 1,608,691
    TRAIL MIX VENTURES FUND, LP AT COST 510,026 510,026

    TY 2018 LegalFeesSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 1,898 0   1,898


    TY 2018 OtherAssetsSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 29,120 65,069 1,078,791
    OTHER RECEIVABLE -110    
    INTEREST RECEIVABLE   0 34,822


    TY 2018 OtherExpensesSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 3,174 0   3,174
    DUES & SUBSCRIPTIONS 4,350 0   4,350
    OFFICE EXPENSES 7,197 0   7,197
    PASSTHRU INVESTMENT INTEREST EXP 4,748 4,748   0
    PASSTHRU PORTFOLIO DEDUCTIONS 48,514 48,514   0
    PROGRAM & GRANT MAKING EXPENSE 9,770 0   9,770
    WEB HOSTING FEES 2,090 0   2,090
    INSURANCE 5,178 0   5,178
    PASSTHRU ROYALTY DEDUCTIONS 1,092 1,092   0
    ADVERTISING & MARKETING 3,350 0   3,350
    COMPUTER EXPENSES 27,557 0   27,557
    CELLPHONE/DATA 4,502 0   4,502
    MEALS 2,616 0   2,616
    MILEAGE 581 0   581
    PAYROLL SERVICE FEES 285 0   285


    TY 2018 OtherIncomeSchedule2
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACKSTONE ENERGY PARTNERS Q LP 3,342 3,342 3,342
    BLACKSTONE RETAIL PRINCIPAL TRANSACTION PTRS LP-CAPITAL GAIN INC 57 57 57
    FIDELITY SUBSTITUTE PAYMENTS IN LIEU OF DIVIDEND OR INTEREST 5,085 5,085 5,085
    TRAIL MIX VENTURES FUND LP LT CAPITAL LOSS -3,194 -3,194 -3,194
    BLACKSTONE ENERGY PARTNERS Q LP ORDINARY BUSINESS INCOME 144,174   144,174
    BLACKSTONE ENERGY PARTNERS Q LP INTANGIBLE DRILLING & DEV. COSTS -22,187   -22,187
    BLACKSTONE ENERGY PARTNERS Q LP RENTAL INCOME 22   22
    BLACKSTONE ENERGY PARTNERS (CAYMAN) Q LP - QEF EARNINGS 1,856   1,856
    BLACKSTONE ENERGY PARTNERS Q LP - SECTION 1231 GAIN 268   268
    BLACKSTONE SEAMW ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 57   57
    BLACKSTONE SITHE ENERGY FEEDER FUND (CAYMAN) BEP LP - QEF EARNINGS 1,373   1,373
    BLACKSTONE MRW ENERGY FEEDER FUND (CAYMAN) LP - QEF CAPITAL GAINS 5,061   5,061
    BLACKSTONE ENERGY PARTNERS Q LP OIL & GAS DEPLETION -19,320   -19,320
    BLACKSTONE ALT ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 16,984   16,984
    BLACKSTONE MRW ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 4,811   4,811
    BLACKSTONE NB ENERGY FEEDER FUND (CAYMAN) LP - QEF EARNINGS 2,773   2,773
    BLACKSTONE NB ENERGY FEEDER FUND (CAYMAN) LP - QEF CAPITAL GAINS 2,127   2,127


    TY 2018 OtherIncreasesSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Description Amount
    PASSTHROUGH INCOME BOOK/TAX DIFFERENCE 222,488
    ROUNDING 2
    UNREALIZED GAIN 4,011,939


    TY 2018 OtherLiabilitiesSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Description Beginning of Year - Book Value End of Year - Book Value
    INVESTMENT SECURITIES PURCHASED PAYABLE 0 2,451,507


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 180,007 180,007   0
    OTHER PROFESSIONAL FEES 769 0   769
    CONSULTING FEES 62,746 0   62,746
    RECRUITING AND SEARCH FEES 2,107 0   2,107


    TY 2018 SubstantialContributorsSch
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Name Address
    KRISHAN TARSADIA TRUST 100 WEST LIBERTY STREET 10TH FLOOR
    RENO,NV89501
    T-TWELVE LEGACY TRUST 100 WEST LIBERTY STREET 10TH FLOOR
    RENO,NV89501
    SUNIL AND MAYA PATEL 520 NEWPORT CENTER DRIVE 21ST FLOOR
    NEWPORT BEACH,CA92660
    BU PATEL 520 NEWPORT CENTER DRIVE 21ST FLOOR
    NEWPORT BEACH,CA92660
    TUSHAR PATEL 520 NEWPORT CENTER DRIVE 21ST FLOOR
    NEWPORT BEACH,CA92660
    POONAM PATEL TRUST 520 NEWPORT CENTER DRIVE 21ST FLOOR
    NEWPORT BEACH,CA92660
    NISHTA PATEL TRUST 520 NEWPORT CENTER DRIVE 21ST FLOOR
    NEWPORT BEACH,CA92660
    HASINA PATEL TRUST 520 NEWPORT CENTER DRIVE 21ST FLOOR
    NEWPORT BEACH,CA92660
    PAYAL PATEL TRUST 520 NEWPORT CENTER DRIVE 21ST FLOOR
    NEWPORT BEACH,CA92660


    TY 2018 TaxesSchedule
    Name:
    TARSADIA FOUNDATION
    EIN:
    33-0879062
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FRANCHISE TAX 10 0   10
    FOREIGN TAXES 15,916 15,916   0
    PAYROLL TAXES 23,641 0   23,641
    EXCISE TAX 33,922 33,922   0
    BLOCKER TAX WITHHOLDINGS 284,571 284,571   0