Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
CARL & ROBERTA DEUTSCH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2444 WILSHIRE BLVD NO 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA MONICA, CA90403
A Employer identification number

95-4610378
B Telephone number (see instructions)

(310) 453-0055
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$139,782,018J 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) 8,853,798
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,355,848 1,355,848  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 998,546
b Gross sales price for all assets on line 6a 30,407,630
7 Capital gain net income (from Part IV, line 2)... 8,477,308
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 0 2,506,155  
12 Total. Add lines 1 through 11........ 11,208,192 12,339,311  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 172,514 0   172,514
15 Pension plans, employee benefits....... 14,695 0   14,695
16a Legal fees (attach schedule)......... Click to see attachment 768 0   768
b Accounting fees (attach schedule)....... Click to see attachment 118,000 0   118,000
c Other professional fees (attach schedule).... Click to see attachment 631,159 280,562   350,597
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 226,799 51,154   20
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 16,865 0   16,865
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 65,147 697,115   65,147
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,245,947 1,028,831   738,606
25 Contributions, gifts, grants paid....... 5,849,700 5,849,700
26 Total expenses and disbursements. Add lines 24 and 25 7,095,647 1,028,831   6,588,306
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,112,545
b Net investment income (if negative, enter -0-) 11,310,480
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.............      
2 Savings and temporary cash investments......... 309,233 175,326 175,326
3 Accounts receivable bullet55,443
Less: allowance for doubtful accounts bullet   25,432 55,443 55,443
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 136,259,322 Click to see attachment133,161,289 133,161,289
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment6,389,960 Click to see attachment6,389,960
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 136,593,987 139,782,018 139,782,018
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 attachment526,522 Click to see attachment6,772,745
23 Total liabilities (add lines 17 through 22)......... 526,522 6,772,745
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.................. 136,067,465 133,009,273
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)..... 136,067,465 133,009,273
31 Total liabilities and net assets/fund balances (see instructions). 136,593,987 139,782,018
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
136,067,465
2
Enter amount from Part I, line 27a .....................
2
4,112,545
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
140,180,010
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,170,737
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
133,009,273
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 CAPITAL GAINS FROM PARTNERSHIPS P    
b CAPITAL GAINS FROM PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS FROM PUBLICLY TRADED SECURITIES D    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       2,046,710
b 24,394,864   23,277,046 1,117,818
c 6,012,766   699,986 5,312,780
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,046,710
b       1,117,818
c       5,312,780
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 8,477,308
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 6,817,259 126,865,505 0.053736
2016 6,016,062 115,751,717 0.051974
2015 6,355,083 122,771,195 0.051764
2014 6,346,569 126,197,861 0.050291
2013 6,100,199 117,023,948 0.052128
2
Total of line 1, column (d) .....................
2
0.259893
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
0.051979
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
132,720,117
5
Multiply line 4 by line 3......................
5
6,898,659
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
113,105
7
Add lines 5 and 6........................
7
7,011,764
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,588,306
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 1 226,210
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........................... 3 226,210
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- ..... 5 226,210
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 108,786
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 225,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 333,786
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 107,576
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet107,576 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. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWILLIAM HOLLER Telephone no.bullet (310) 453-0055

    Located atbullet2444 WILSHIRE BLVD SUITE 600SANTA MONICACA ZIP+4bullet90403
    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
    CARL DEUTSCH PRESIDENT
    1.00     		0 0 0
    2444 WILSHIRE BLVD SUITE 600
    SANTA MONICA,CA90403
    KRISTINA DEUTSCH SECRETARY
    1.00     		0 0 0
    2444 WILSHIRE BLVD SUITE 600
    SANTA MONICA,CA90403
    WILLIAM E HOLLER VP/TREAS
    1.00     		0 0 0
    2444 WILSHIRE BLVD SUITE 600
    SANTA MONICA,CA90403
    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
    CHARLES SCHWAB INVESTMENT MANAGEMENT 221,931
    211 MAIN STREET
    SAN FRANCISCO,CA94105
    JMC PHILANTHROPIC ADVISORS CONSULTING 180,000
    2444 WILSHIRE BOULEVARD SUITE 622
    SANTA MONICA,CA90403
    DELOITTE & TOUCHE LLP PROFESSIONAL FEES 118,000
    555 W 5TH STREET SUITE 2700
    LOS ANGELES,CA90013
    BLUE GARNET CONSULTING 88,350
    8055 WEST MANCHESTER AVENUE SUITE
    430
    LOS ANGELES,CA90293
    ANGELES INVESTMENT ADVISORS LLC INVESTMENT MANAGEMENT 58,582
    429 SANTA MONICA BOULEVARD SUITE
    650
    SANTA MONICA,CA90401
    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
    134,542,482
    b
    Average of monthly cash balances.......................
    1b
    143,311
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,445,403
    d
    Total (add lines 1a, b, and c).........................
    1d
    141,131,196
    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
    6,389,960
    3
    Subtract line 2 from line 1d.........................
    3
    134,741,236
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,021,119
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    132,720,117
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,636,006
    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
    6,636,006
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    226,210
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    226,210
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,409,796
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,409,796
    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
    6,409,796
    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
    6,588,306
    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
    6,588,306
    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
    6,588,306
    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 6,409,796
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 3,005,714
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,588,306
    a Applied to 2017, but not more than line 2a 3,005,714
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 3,582,592
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		2,827,204
    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) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    CARL DEUTSCH
    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
    24TH STREET THEATRE COMPANY
    1117 WEST 24TH STREET
    LOS ANGELES,CA90007     		NONE PC ARTS EDUCATION 40,000
    A PLACE CALLED HOME
    2830 SOUTH CENTRAL AVENUE
    LOS ANGELES,CA90011     		NONE PC SOCIAL SERVICES 25,000
    ADVANCEMENT THROUGH OPPORTUNITY AND KNOWLEDGE
    1200 WEST 37TH PLACE
    LOS ANGELES,CA90007     		NONE PC YOUTH DEVELOPMENT 5,000
    ARTS FOR INCARCERATED YOUTH NETWORK
    830 TRACTION AVENUE SUITE 3A
    LOS ANGELES,CA90013     		NONE PC YOUTH DEVELOPMENT 100,000
    BEAUTY FOR FREEDOM
    300 EAST 89TH STREET 4B
    NEW YORK,NY10128     		NONE PC SOCIAL SERVICES 1,000
    CALIFORNIA COMMUNITY FOUNDATION
    221 SOUTH FIGUEROA STREET SUITE 400
    LOS ANGELES,CA90012     		NONE PC COMMUNITY IMPROVEMENT 307,000
    CALIFORNIA HOSPITAL MEDICAL CENTER FOUNDATION
    1401 SOUTH GRAND AVENUE
    LOS ANGELES,CA90015     		NONE PC HEALTH 90,000
    CALIFORNIA WILDLIFE CENTER
    PO BOX 2022
    MALIBU,CA90265     		NONE PC WELFARE 5,000
    CASA OF LOS ANGELES
    201 CENTRE PLAZA DRIVE 1100
    MONTEREY PARK,CA91754     		NONE PC YOUTH DEVELOPMENT 100,000
    CENTER FOR NONVIOLENT EDUCATION AND PARENTING
    1000 SUNSET BOULEVARD 201
    LOS ANGELES,CA90012     		NONE PC EDUCATION 60,000
    CITY OF HOPE
    1055 WILSHIRE BOULEVARD
    LOS ANGELES,CA90017     		NONE PC HEALTH 10,000
    COMMUNITY PARTNERS
    1000 NORTH ALAMEDA STREET 240
    LOS ANGELES,CA90012     		NONE PC WELFARE 130,000
    DOOR OF HOPE
    PO BOX 90455
    PASADENA,CA91109     		NONE PC SOCIAL WELFARE 75,000
    DOWNTOWN WOMEN'S CENTER
    442 SOUTH SAN PEDRO STREET
    LOS ANGELES,CA90013     		NONE PC SOCIAL SERVICES 100,000
    ENCORPS
    608 MEYER LANE 204B
    REDONDO BEACH,CA90278     		NONE PC EDUCATION 25,000
    ESPERANZA COMMUNITY HOUSING
    3655 SOUTH GRAND AVENUE SUITE 280
    LOS ANGELES,CA90007     		NONE PC COMMUNITY DEVELOPMENT 100,000
    ETM-LA
    2501 WEST BURBANK BOULEVARD SUITE
    301
    BURBANK,CA91505     		NONE PC ARTS EDUCATION 60,000
    EVERYCHILD FOUNDATION
    PO BOX 1808
    PACIFIC PALISADES,CA90272     		NONE PC EDUCATION 10,000
    EXCEPTIONAL CHILDREN'S FOUNDATION
    8740 WASHINGTON BOULEVARD
    CULVER CITY,CA90232     		NONE PC WELFARE 35,000
    FERNANDO PULLUM COMMUNITY ARTS CENTER
    3351 WEST 43RD STREET
    LOS ANGELES,CA90008     		NONE PC ARTS EDUCATION 20,000
    FIRST PLACE FOR YOUTH
    426 17TH STREET NUMBER 100
    OAKLAND,CA94612     		NONE PC YOUTH DEVELOPMENT 30,000
    FOOD ON FOOT
    9663 SANTA MONICA BOULEVARD 743
    BEVERLY HILLS,CA90210     		NONE PC SOCIAL WELFARE 25,000
    FOOTHILL FAMILY
    2500 EAST FOOTHILL BOULEVARD SUITE
    300
    PASADENA,CA91107     		NONE PC SOCIAL WELFARE 90,000
    FOSTERING MEDIA CONNECTIONS
    412 WEST 6TH STREET SUITE 925
    LOS ANGELES,CA90014     		NONE PC CHILD WELFARE 32,500
    FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES
    1102 Q STREET SUITE 4800
    SACRAMENTO,CA95811     		NONE PC EDUCATION 90,000
    FRIENDS OF CABRILLO MARINE AQUARIUM
    3720 STEPHEN WHITE WAY
    SAN PEDRO,CA90731     		NONE PC WELFARE 10,000
    FRIENDS OF EXPO CENTER
    3980 BILL ROBERTSON LANE SUITE 203
    LOS ANGELES,CA90037     		NONE PC YOUTH DEVELOPMENT 10,000
    FULCRUM ARTS
    495 EAST COLORADO BOULEVARD
    PASADENA,CA91101     		NONE PC ARTS EDUCATION 100,000
    GOODWILL INDUSTRIES OF SOUTHERN CALIFORNIA
    342 NORTH SAN FERNANDO ROAD
    LOS ANGELES,CA90031     		NONE PC WELFARE 100,000
    HARMONY PROJECT
    4322 WILSHIRE BOULEVARD SUITE 101
    LOS ANGELES,CA90010     		NONE PC YOUTH DEVELOPMENT 100,000
    HATHAWAY-SYCAMORES CHILD AND FAMILY SERVICES
    100 WEST WALNUT STREET
    PASADENA,CA91124     		NONE PC SOCIAL SERVICES 101,000
    HILLSIDES
    940 AVENUE 64
    PASADENA,CA91105     		NONE PC YOUTH DEVELOPMENT 100,000
    HOMEBOY INDUSTRIES
    130 WEST BRUNO STREET
    LOS ANGELES,CA90012     		NONE PC YOUTH DEVELOPMENT 100,000
    IFOSTER
    PO BOX 159
    TRUCKEE,CA96160     		NONE PC YOUTH DEVELOPMENT 75,000
    IMAGINE LOS ANGELES
    672 SOUTH LAFAYETTE PARK PLACE UNIT
    28
    LOS ANGELES,CA90057     		NONE PC HOMELESS SERVICES 46,000
    INNER-CITY ARTS
    720 KOHLER STREET
    LOS ANGELES,CA90021     		NONE PC ARTS EDUCATION 65,000
    INTERNATIONAL MEDICAL CORPS
    12400 WILSHIRE BOULEVARD SUITE 1500
    LOS ANGELES,CA90025     		NONE PC INTERNATIONAL RELIEF 20,000
    JEWISH FREE LOAN ASSOCIATION
    6505 WILSHIRE BOULEVARD 715
    LOS ANGELES,CA90048     		NONE PC SOCIAL SERVICES 5,000
    JOVENES INC
    1208 PLEASANT AVENUE
    LOS ANGELES,CA90033     		NONE PC COMMUNITY SERVICES 100,000
    JVS SOCAL
    6505 WILSHIRE BOULEVARD SUITE 200
    LOS ANGELES,CA90048     		NONE PC SOCIAL SERVICES 100,000
    KOREATOWN SENIOR AND COMMUNITY CENTER
    965 SOUTH NORMANDIE AVENUE SUITE
    200
    LOS ANGELES,CA90006     		NONE PC SOCIAL SERVICES 4,000
    KOREATOWN YOUTH AND COMMUNITY CENTER
    3727 WEST SIXTH STREET
    LOS ANGELES,CA90020     		NONE PC WELFARE 75,000
    LA UNITED METHODIST URBAN FOUNDATION
    714 WEST OLYMPIC BOULEVARD
    LOS ANGELES,CA90015     		NONE PC SOCIAL WELFARE 25,000
    LAKE AVENUE COMMUNITY FOUNDATION
    712 EAST VILLA STREET
    PASADENA,CA91101     		NONE PC YOUTH SERVICES 50,000
    LEARNING RIGHTS LAW CENTER
    205 SOUTH BROADWAY AVENUE 808
    LOS ANGELES,CA90012     		NONE PC SOCIAL WELFARE 25,000
    LONG BEACH DAY NURSERY
    1548 CHESTNUT AVENUE
    LONG BEACH,CA90813     		NONE PC YOUTH SERVICES 100,000
    LOS ANGELES JEWISH HOME FOR THE AGING
    7150 TAMPA AVENUE
    RESEDA,CA91335     		NONE PC SOCIAL SERVICES 15,000
    LOS ANGELES YOUTH NETWORK
    1754 TAFT STREET
    LOS ANGELES,CA90028     		NONE PC EARLY EDUCATION 100,000
    MOTHERS' CLUB FAMILY LEARNING CENTER
    980 NORTH FAIR OAKS AVENUE
    PASADENA,CA91103     		NONE PC SOCIAL SERVICES 60,000
    NEW DIRECTIONS
    11303 WILSHIRE BOULEVARD BUILDING
    116
    LOS ANGELES,CA90073     		NONE PC WELFARE 45,000
    OCEAN PARK COMMUNITY CENTER
    1453 16TH STREET
    SANTA MONICA,CA90404     		NONE PC WELFARE 150,000
    OPERATION JUMP START
    3515 LINDEN AVENUE
    LONG BEACH,CA90807     		NONE PC EDUCATION 75,000
    OREGON COMMUNITY FOUNDATION
    1221 SOUTHWEST YAMHILL STREET 100
    PORTLAND,OR97205     		NONE PC COMMUNITY IMPROVEMENT 100,000
    PS ARTS
    6701 CENTER DRIVE SUITE 550
    LOS ANGELES,CA90045     		NONE PC ARTS EDUCATION 70,000
    PACIFIC LEGAL FOUNDATION
    555 CAPITAL MALL SUITE 350
    SACRAMENTO,CA95814     		NONE PC EDUCATION 50,000
    PAINTED BRAIN
    1180 SOUTH BEVERLY DRIVE SUITE 608
    LOS ANGELES,CA90035     		NONE PC HEALTH 7,500
    PARA LOS NINOS
    5000 HOLLYWOOD BOULEVARD
    LOS ANGELES,CA90027     		NONE PC YOUTH DEVELOPMENT 75,000
    PEOPLE ASSISTING THE HOMELESS
    340 NORTH MADISON AVENUE
    LOS ANGELES,CA90004     		NONE PC WELFARE 100,000
    PEOPLE ORGANIZED FOR WESTSIDE RENEWAL (POWER)
    5617 HOLLYWOOD BOULEVARD SUITE 107
    LOS ANGELES,CA90028     		NONE PC SOCIAL WELFARE 25,000
    PHOENIX OF SANTA BARBARA
    107 EAST MICHELTORENA STREET
    SANTA BARBARA,CA93101     		NONE PC HEALTH 10,000
    PROFESSIONAL DANCER SOCIETY
    PO BOX 15605
    BEVERLY HILLS,CA90209     		NONE PC WELFARE 8,700
    PUBLIC COUNSEL
    610 SOUTH ARDMORE AVENUE
    LOS ANGELES,CA90005     		NONE PC HEALTH 75,000
    RAPE FOUNDATION
    1223 WILSHIRE BOULEVARD 410
    SANTA MONICA,CA90403     		NONE PC SOCIAL WELFARE 140,000
    REDF
    TWO EMBARCADERO CENTER SUITE 650
    SAN FRANCISCO,CA94111     		NONE PC SOCIAL SERVICES 60,000
    SAINT JOHN'S HOSPITAL HEALTH CENTER
    2121 SANTA MONICA BOULEVARD
    SANTA MONICA,CA90404     		NONE PC HEALTH 60,000
    SALVATION ARMY
    906 SOUTH FRANCISCO STREET
    LOS ANGELES,CA90071     		NONE PC SOCIAL WELFARE 100,000
    SECOND CHANCE
    PO BOX 643
    NEWARK,CA94560     		NONE PC HEALTH 41,000
    SHARE INCORPORATION
    165 WEST 46TH STREET SUITE 712
    NEW YORK,NY10036     		NONE PC HEALTH 25,000
    SILICON VALLEY COMMUNITY FOUNDATION
    2440 WEST EL CAMINO REAL SUITE 300
    MOUNTAIN VIEW,CA94040     		NONE PC SOCIAL SERVICES 10,000
    SKID ROW HOUSING TRUST
    1317 EAST SEVENTH STREET
    LOS ANGELES,CA90021     		NONE PC SOCIAL WELFARE 70,000
    SOUTH CENTRAL LOS ANGELES MINISTRY PROJECT
    892 EAST 48TH STREET
    LOS ANGELES,CA90011     		NONE PC RELIGIOUS 65,000
    SOUTHERN CALIFORNIA PUBLIC RADIO
    474 SOUTH RAYMOND AVENUE
    PASADENA,CA91105     		NONE PC COMMUNICATION 65,000
    ST ANNE'S MATERNITY HOME
    155 NORTH OCCIDENTAL BOULEVARD
    LOS ANGELES,CA90026     		NONE PC WELFARE 100,000
    ST JOSEPH CENTER
    204 HAMPTON DRIVE
    VENICE,CA90291     		NONE PC WELFARE 75,000
    STEP UP ON SECOND STREET
    1328 SECOND STREET
    SANTA MONICA,CA90401     		NONE PC SOCIAL WELFARE 130,000
    THE ALLIANCE FOR CHILDREN'S RIGHTS
    3333 WILSHIRE BOULEVARD NUMBER 550
    LOS ANGELES,CA90010     		NONE PC YOUTH DEVELOPMENT 125,000
    THE GABRIELLA FOUNDATION
    639 SOUTH COMMONWEALTH AVENUE
    LOS ANGELES,CA90005     		NONE PC ARTS EDUCATION 105,000
    THE UNUSUAL SUSPECTS THEATRE COMPANY
    3719 VERDUGO ROAD
    LOS ANGELES,CA90065     		NONE PC ARTS EDUCATION 50,000
    UC REGENTS
    10945 LA CONTE AVENUE 3132
    LOS ANGELES,CA90095     		NONE PC EDUCATION 25,000
    UCLA FOUNDATION
    PO BOX 951784
    LOS ANGELES,CA90096     		NONE PC HEALTH 220,000
    UCLA JONSSON CANCER CENTER FOUNDATION
    PO BOX 951780
    LOS ANGELES,CA90095     		NONE PC HEALTH 120,000
    UNITE LA
    350 SOUTH BIXEL STREET 200
    LOS ANGELES,CA90017     		NONE PC EDUCATION 10,000
    UNITED STATES VETERANS INITIATIVE
    800 WEST 6TH STREET
    LOS ANGELES,CA90017     		NONE PC WELFARE 115,000
    UNITED WAY
    1150 SOUTH OLIVE STREET T500
    LOS ANGELES,CA90015     		NONE PC HUMAN SERVICES 100,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    3551 TROUSDALE PARKWAY SUITE 160
    LOS ANGELES,CA90089     		NONE PC EDUCATION 81,000
    WESTSIDE INFANT - FAMILY NETWORK
    8611 WASHINGTON BOULEVARD
    CULVER CITY,CA90232     		NONE PC SOCIAL SERVICES 115,000
    Total .................................bullet 3a 5,849,700
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,355,848  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 998,546  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,354,394 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,354,394
    (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
    CARL & ROBERTA DEUTSCH FOUNDATION
     
    Employer identification number

    95-4610378
    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
    CARL & ROBERTA DEUTSCH FOUNDATION
          		Employer identification number
    95-4610378
    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
    CARL DEUTSCH  
    2444 WILSHIRE BOULEVARD
     
    SANTA MONICA, CA90403

    		$ 8,853,798


    (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
    CARL & ROBERTA DEUTSCH FOUNDATION
          		Employer identification number

    95-4610378
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED STOCK $ 5,853,798 2018-12-31
    (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
    CARL & ROBERTA DEUTSCH FOUNDATION
          		Employer identification number

    95-4610378
    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:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 118,000 0   118,000

    TY 2018 AppliedToPriorYearElection
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Election:
    PURSUANT TO CODE SECTION 4942(H)(2) AND REG. SEC. 53.4942(A)-3(D)(2), THE CARL AND ROBERTA DEUTSCH FOUNDATION ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS COMING FROM PRIOR YEAR'S UNDISTRIBUTED INCOME AS FOLLOWS:12/31/2010: $17,400AUTHORIZED SIGNATURE

    TY 2018 GeneralExplanationAttachment
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Identifier Return Reference Explanation
      PART VII-B, QUESTION 1(A)(3) AELD, INC., A RELATED PARTY TO THE FOUNDATION, DONATED OFFICE SPACE AND ADMINISTRATIVE SERVICES IN THE AMOUNT OF $97,740 TO THE CARL & ROBERTA DEUTSCH FOUNDATION DURING 2018 AT NO CHARGE. THIS IS AN EXCEPTED ACT OF SELF-DEALING UNDER IRC SECTION 4941(D)(2)(C).
      TANGIBLE PROPERTY REGULATIONS: SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONTAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR.SECTION 1.263(A)-3(N) CAPITALIZATION ELECTIONTAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS.
      PART VII-B, QUESTION 1(A)(4): DURING THE 2018 TAX YEAR, THE FOUNDATION PAID COMPENSATION IN THE AMOUNT OF $180,000 TO JANIS MINTON CONSULTING, INC. ("JMC"), A CORPORATION THAT IS WHOLLY OWNED BY ONE OF THE FOUNDATION'S DIRECTORS, JANIS MINTON. JMC PROVIDED (AND CONTINUES TO PROVIDE) SUBSTANTIAL CORE WORK FUNCTIONS FOR THE FOUNDATION, WHICH INCLUDE BUT ARE NOT LIMITED TO, GENERAL FOUNDATION LEADERSHIP AND MANAGEMENT DUTIES, OVERSIGHT AND MANAGEMENT OF THE FOUNDATION'S GRANTMAKING AND OPERATIONAL PLAN, FOUNDATION ADMINISTRATION, PROGRAM MANAGEMENT, BOARD OF DIRECTOR SUPPORT (INCLUDING MEETING FACILITATION), WORKING WITH LEGAL AND OTHER ADVISORS, AND PROVIDING TRAINING AND EDUCATION TO ADVISORY BOARD MEMBERS. JMC IS ADDITIONALLY RESPONSIBLE FOR PROGRAMMATIC ACTIVITIES THAT INCLUDE CREATING GRANT SYSTEMS, CONDUCTING DUE DILIGENCE, AND PROVIDING STRATEGIC DIRECTION.UPON ADVICE OF COUNSEL, THE FOUNDATION'S BOARD OF DIRECTORS (THE "BOARD") HAS DETERMINED THAT THE PAYMENTS TO JMC ARE PROPERLY CLASSIFIED AS PAYMENTS TO A DISQUALIFIED PERSON FOR PERSONAL SERVICES WITHIN THE MEANING OF TREAS. REG. 53.4941(D)-3(C) AND THEREFORE QUALIFY FOR THE EXCEPTION TO SELF-DEALING SET FORTH IN IRC 4941(D)(2)(E). JMC'S SERVICES ARE REASONABLE AND NECESSARY TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSES. THE FOUNDATION HAS OBTAINED A COMPENSATION STUDY FOR THE RELEVANT PERIOD THAT CONFIRMS THAT THE LEVEL OF COMPENSATION TO JMC IS WELL BELOW MARKET RATE FOR THE EXTENT OF SERVICES PROVIDED, AND IS THEREFORE REASONABLE AND NOT EXCESSIVE.

    TY 2018 InvestmentsOtherSchedule2
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 42,550,730 42,550,730
    FUND OF FUNDS FMV 18,078,683 18,078,683
    PRIVATE EQUITY FMV 25,214,089 25,214,089
    US EQUITY FUNDS FMV 86,134 86,134
    GLOBAL EQUITY FMV 47,231,653 47,231,653

    TY 2018 LegalFeesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 768 0   768


    TY 2018 OtherAssetsSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ADVANCE SUBSCRIPTION RECEIVABLES 0 6,389,960 6,389,960


    TY 2018 OtherDecreasesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Amount
    NET UNREALIZED GAIN (LOSS) 7,170,737


    TY 2018 OtherExpensesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAGE & COURIER 3,855 0   3,855
    INSURANCE 2,022 0   2,022
    OFFICE SUPPLIES 9,698 0   9,698
    CHECKING ACCOUNT FEES 328 0   328
    PAYROLL PREP FEE 1,437 0   1,437
    PARKING 6,526 0   6,526
    TELEPHONE 13,321 0   13,321
    HALO PROGRAM 22,290 0   22,290
    MISCELLANEOUS EXPENSES 2,200 0   2,200
    PARTNERSHIP EXPENSES 0 697,115   0
    OFFICE PLANTS 3,470 0   3,470


    TY 2018 OtherIncomeSchedule2
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME   2,506,155  


    TY 2018 OtherLiabilitiesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILTY 526,522 382,785
    DUE TO BROKER 0 6,389,960


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 268,350 0   268,350
    INVESTMENT EXPENSE 280,562 280,562   0
    OTHER PROFESSIONAL FEES 82,247 0   82,247


    TY 2018 TaxesSchedule
    Name:
    CARL & ROBERTA DEUTSCH FOUNDATION
    EIN:
    95-4610378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 0 51,154   0
    TAX PROVISION 226,779 0   0
    TAX FILING FEES 20 0   20