TY 2019 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2019

Open to Public Inspection

For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019

Name of foundation
BETTYE POETZ FERGUSON FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)235 MONTGOMERY STREET 17TH FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA94104

A Employer identification number

94-3192412

B Telephone number (see instructions)

(415) 954-4400

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,985,118J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	901,069
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	183,184		183,184
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		287,137
b	Gross sales price for all assets on line 6a 9,379,271
7	Capital gain net income (from Part IV, line 2)...			287,137
8	Net short-term capital gain.........				0
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).......
12	Total. Add lines 1 through 11........	1,371,390		470,321
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		90,924	45,462	0	45,462
b	Accounting fees (attach schedule).......		16,023	8,012	0	8,012
c	Other professional fees (attach schedule)....		51,513	34,043		17,470
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		12,839	3,786		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		160			160
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	171,459		91,303	0	71,104
25	Contributions, gifts, grants paid.......	6,210,000				6,210,000
26	Total expenses and disbursements. Add lines 24 and 25	6,381,459		91,303	0	6,281,104
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-5,010,069
b	Net investment income (if negative, enter -0-)			379,018
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2019)

Form 990-PF (2019)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	557,128	4,008,261	4,008,261
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	9,334,896	871,422	976,857
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,892,024	4,879,683	4,985,118
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	9,892,024	4,879,683
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	9,892,024	4,879,683
	30	Total liabilities and net assets/fund balances (see instructions).	9,892,024	4,879,683

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

9,892,024

Enter amount from Part I, line 27a .....................

-5,010,069

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

4,881,955

Decreases not included in line 2 (itemize) bullet

2,272

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

4,879,683

Form 990-PF (2019)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	400. AT & T INC		2017-10-25	2019-01-08
b	.14 CIGNA CORP		2017-10-25	2019-01-08
c	300. CISCO SYSTEMS INC			2019-01-08
d	100. CHARLES SCHWAB CORP		2017-10-25	2019-01-08
e	200. AT & T INC		2017-10-25	2019-01-11
	100. ALNYLAM PHARMACEUTICALS INC		2017-10-25	2019-01-11
	500. ANADARKO PETE CORP		2017-10-25	2019-01-11
	200. BB & T CORP		2017-10-25	2019-01-11
	200. BALL CORP		2018-07-03	2019-01-11
	1100. BANK AMER CORP			2019-01-11
	400. BANK OF NEW YORK MELLON CORP		2017-10-25	2019-01-11
	100. BRIGHTHOUSE FINANCIAL INC			2019-01-11
	500. BRISTOL MYERS SQUIBB CO			2019-01-11
	100. CVS HEALTH CORP		2018-09-20	2019-01-11
	200. CAPITAL ONE FINANCIAL		2017-10-25	2019-01-11
	100. CELANESE CORP COMMON		2017-10-25	2019-01-11
	100. CHARTER COMMUNICATIONS INC CL A		2017-10-25	2019-01-11
	300. CISCO SYSTEMS INC			2019-01-11
	1300. COMCAST CORP-CL A		2017-10-25	2019-01-11
	100. CONCHO RESOURCES		2017-10-25	2019-01-11
	15015.015 DODGE & COX INCOME FUND #147			2019-01-11
	200. GILEAD SCIENCES INC		2017-10-25	2019-01-11
	300. GLAXO SMITHKLINE SPONSORED ADR		2017-10-25	2019-01-11
	100. GOLDMAN SACHS GROUP INC COM		2017-10-25	2019-01-11
	1000. HP INC		2017-10-25	2019-01-11
	1000. HEWLETT PACKARD ENTERPRISE COMPANY		2017-10-25	2019-01-11
	300. JP MORGAN CHASE & CO		2017-10-25	2019-01-11
	100. JUNIPER NETWORKS INC		2018-01-12	2019-01-11
	300. ELI LILLY & CO.			2019-01-11
	700. MATTEL INC			2019-01-11
	100. MAXIM INTEGRATED PRODS INC COM		2017-10-25	2019-01-11
	400. MICROSOFT CORP		2017-10-25	2019-01-11
	200. NEWS CORP/NEW CL A		2017-10-25	2019-01-11
	400. NOVARTIS AG SPONSORED ADR		2017-10-25	2019-01-11
	400. QURATE RETAIL INC		2017-10-25	2019-01-11
	600. ROCHE HLDG LTD SPONS ADR		2017-10-25	2019-01-11
	400. SANOFI SPONS ADR			2019-01-11
	300. SCHLUMBERGER LTD			2019-01-11
	700. CHARLES SCHWAB CORP		2017-10-25	2019-01-11
	800. SPRINT CORP		2017-10-25	2019-01-11
	600. TWENTY-FIRST CENTURY FOX INC CL A		2017-10-25	2019-01-11
	300. TWENTY-FIRST CENTURY FOX INC CL B			2019-01-11
	200. UNION PAC CORP			2019-01-11
	100. UNITEDHEALTH GROUP INC COM		2017-10-25	2019-01-11
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-01-11
	1500. WEATHERFORD INTERNATIONAL PLC			2019-01-11
	100. MEDTRONIC PLC		2017-10-25	2019-01-11
	.0024 DELL TECHNOLOGIES INC CL C		2017-10-25	2019-01-14
	200. BB & T CORP		2017-10-25	2019-01-16
	1000. BANK AMER CORP			2019-01-16
	400. COMCAST CORP-CL A		2017-10-25	2019-01-16
	100. GOLDMAN SACHS GROUP INC COM		2017-10-25	2019-01-16
	700. CHARLES SCHWAB CORP			2019-01-16
	200. TWENTY-FIRST CENTURY FOX INC CL A		2017-10-25	2019-01-16
	1400. AEGON NV ADR			2019-01-18
	100. ALNYLAM PHARMACEUTICALS INC		2018-01-12	2019-01-18
	300. BB & T CORP			2019-01-18
	100. BALL CORP		2018-07-03	2019-01-18
	500. BANK AMER CORP		2017-10-25	2019-01-18
	10. BOOKING HOLDINGS INC		2017-10-25	2019-01-18
	264. BRIGHTHOUSE FINANCIAL INC			2019-01-18
	136. BRIGHTHOUSE FINANCIAL INC			2019-01-18
	400. BRISTOL MYERS SQUIBB CO		2017-10-25	2019-01-18
	100. CELANESE CORP COMMON		2017-10-25	2019-01-18
	200. DANAHER CORP		2017-10-25	2019-01-18
	800. HP INC			2019-01-18
	1200. HEWLETT PACKARD ENTERPRISE COMPANY			2019-01-18
	500. JUNIPER NETWORKS INC		2018-01-12	2019-01-18
	200. MICROSOFT CORP		2017-10-25	2019-01-18
	200. NOVARTIS AG SPONSORED ADR			2019-01-18
	700. ROCHE HLDG LTD SPONS ADR		2017-10-25	2019-01-18
	300. TWENTY-FIRST CENTURY FOX INC CL B		2017-10-25	2019-01-18
	100. UNION PAC CORP		2017-10-25	2019-01-18
	300. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-01-18
	400. BANK OF NEW YORK MELLON CORP			2019-01-22
	500. AT & T INC			2019-01-23
	1000. ASTRAZENECA PLC ADR			2019-01-23
	200. CIGNA CORP			2019-01-23
	100. CVS HEALTH CORP		2018-09-20	2019-01-23
	600. CISCO SYSTEMS INC		2017-10-25	2019-01-23
	600. COMCAST CORP-CL A		2017-10-25	2019-01-23
	100. ELI LILLY & CO.		2017-10-25	2019-01-23
	300. MICRO FOCUS INTL PLC SPONS ADR			2019-01-23
	800. SANOFI SPONS ADR			2019-01-23
	1000. SPRINT CORP		2017-10-25	2019-01-23
	400. TWENTY-FIRST CENTURY FOX INC CL A		2017-10-25	2019-01-23
	200. BANK OF NEW YORK MELLON CORP		2017-10-25	2019-01-24
	300. CAPITAL ONE FINANCIAL			2019-01-24
	600. HP INC			2019-01-24
	200. HARLEY DAVIDSON INC		2018-02-13	2019-01-24
	1000. HEWLETT PACKARD ENTERPRISE COMPANY		2017-10-25	2019-01-24
	300. INCYTE CORP			2019-01-24
	600. MATTEL INC			2019-01-24
	300. MAXIM INTEGRATED PRODS INC COM			2019-01-24
	500. NEWS CORP/NEW CL A		2017-10-25	2019-01-24
	700. QURATE RETAIL INC		2017-10-25	2019-01-24
	300. SCHLUMBERGER LTD		2017-10-25	2019-01-24
	500. ANADARKO PETE CORP		2017-10-25	2019-01-25
	100. BANK OF NEW YORK MELLON CORP		2017-10-25	2019-01-25
	100. CIGNA CORP			2019-01-25
	150. CHARTER COMMUNICATIONS INC CL A			2019-01-25
	100. CISCO SYSTEMS INC		2017-10-25	2019-01-25
	200. GILEAD SCIENCES INC		2017-10-25	2019-01-25
	100. HP INC		2017-10-25	2019-01-25
	300. HEWLETT PACKARD ENTERPRISE COMPANY		2017-10-25	2019-01-25
	200. JP MORGAN CHASE & CO		2017-10-25	2019-01-25
	200. MICROSOFT CORP		2017-10-25	2019-01-25
	200. CHARLES SCHWAB CORP		2017-10-25	2019-01-25
	100. TWENTY-FIRST CENTURY FOX INC CL A		2017-10-25	2019-01-25
	100. UNITEDHEALTH GROUP INC COM		2017-10-25	2019-01-25
	600. GLAXO SMITHKLINE SPONSORED ADR			2019-01-28
	600. AMERICAN EXPRESS CO			2019-01-29
	600. APACHE CORP		2017-10-25	2019-01-29
	600. ASTRAZENECA PLC ADR			2019-01-29
	700. COMCAST CORP-CL A		2017-10-25	2019-01-29
	200. JP MORGAN CHASE & CO		2017-10-25	2019-01-29
	100. ELI LILLY & CO.		2018-04-06	2019-01-29
	200. NOVARTIS AG SPONSORED ADR			2019-01-29
	400. OCCIDENTAL PETE CORP			2019-01-29
	100. UNITED TECHNOLOGIES CORP		2018-11-09	2019-01-29
	80. ALPHABET INC CL C		2017-10-25	2019-01-30
	300. MICROCHIP TECHNOLOGY INC			2019-01-31
	300. HALLIBURTON CO		2018-09-21	2019-02-01
	7434.944 DODGE & COX INCOME FUND #147		2017-10-25	2019-02-04
	1400. WEATHERFORD INTERNATIONAL PLC			2019-02-05
	100. HEWLETT PACKARD ENTERPRISE COMPANY		2017-10-25	2019-02-27
	100. HEWLETT PACKARD ENTERPRISE COMPANY		2017-10-25	2019-02-28
	100. HEWLETT PACKARD ENTERPRISE COMPANY		2017-10-25	2019-03-01
	1500. TWENTY-FIRST CENTURY FOX CL A		2019-03-20	2019-03-20
	400. TWENTY-FIRST CENTURY FOX CL B		2019-03-20	2019-03-20
	1500. TWENTY-FIRST CENTURY FOX INC CL A		2017-10-25	2019-03-21
	400. TWENTY-FIRST CENTURY FOX INC CL B		2017-10-25	2019-03-21
	100. AMERICAN EXPRESS CO		2017-10-25	2019-03-26
	1200. BAKER HUGHES CO			2019-03-26
	100. AMERICAN EXPRESS CO		2017-10-25	2019-03-27
	100. AMERICAN EXPRESS CO		2017-10-25	2019-03-28
	.3333 FOX CORP CL B		2019-03-20	2019-04-02
	.1002 DISNEY WALT CO NEW		2017-10-25	2019-04-04
	100. ELI LILLY & CO.		2018-04-06	2019-04-09
	100. ALCON INC		2017-10-25	2019-04-18
	140. ALCON INC			2019-04-22
	100. AT & T INC		2018-01-25	2019-04-30
	100. AT & T INC		2018-01-25	2019-05-01
	100. AT & T INC		2018-01-25	2019-05-02
	300. AT & T INC			2019-05-03
	102. AT & T INC		2018-01-25	2019-05-06
	11. DISNEY WALT CO NEW			2019-05-07
	.7144 MICRO FOCUS INTL PLC SPONS ADR		2017-10-25	2019-05-10
	100. BALL CORP		2018-07-03	2019-05-14
	100. UNION PAC CORP		2017-10-25	2019-05-14
	100. ANADARKO PETE CORP		2017-10-25	2019-06-05
	100. COMCAST CORP-CL A		2017-10-25	2019-06-05
	100. ANADARKO PETE CORP		2017-10-25	2019-06-06
	200. COMCAST CORP-CL A		2017-10-25	2019-06-06
	100. ANADARKO PETE CORP		2017-10-25	2019-06-07
	300. COMCAST CORP-CL A		2017-10-25	2019-06-07
	100. ANADARKO PETE CORP		2017-10-25	2019-06-10
	100. COMCAST CORP-CL A		2017-10-25	2019-06-10
	100. ANADARKO PETE CORP		2017-10-25	2019-06-11
	100. COMCAST CORP-CL A		2017-10-25	2019-06-11
	100. ANADARKO PETE CORP		2017-10-25	2019-06-12
	200. COMCAST CORP-CL A		2017-10-25	2019-06-12
	100. ANADARKO PETE CORP		2017-10-25	2019-06-13
	300. COMCAST CORP-CL A		2017-10-25	2019-06-13
	100. ANADARKO PETE CORP		2017-10-25	2019-06-14
	100. ANADARKO PETE CORP		2017-10-25	2019-06-17
	100. ANADARKO PETE CORP		2017-10-25	2019-06-18
	100. ANADARKO PETE CORP		2017-10-25	2019-06-19
	100. ANADARKO PETE CORP		2017-10-25	2019-06-21
	100. ANADARKO PETE CORP		2017-10-25	2019-06-24
	100. ANADARKO PETE CORP		2017-10-25	2019-06-25
	100. ANADARKO PETE CORP		2017-10-25	2019-06-26
	100. ANADARKO PETE CORP		2017-10-25	2019-06-27
	100. ANADARKO PETE CORP		2017-10-25	2019-06-28
	100. DANAHER CORP		2017-10-25	2019-07-09
	100. CISCO SYSTEMS INC		2017-10-25	2019-07-23
	100. CISCO SYSTEMS INC		2017-10-25	2019-07-24
	100. CISCO SYSTEMS INC		2017-10-25	2019-07-25
	100. MICROSOFT CORP		2017-10-25	2019-07-31
	100. MICROSOFT CORP		2017-10-25	2019-08-01
	36. CHARTER COMMUNICATIONS INC CL A		2017-10-25	2019-08-06
	150. AMERICAN EXPRESS CO		2017-10-25	2019-08-12
	300. ASTRAZENECA PLC ADR		2017-10-25	2019-08-12
	200. BANK OF NEW YORK MELLON CORP			2019-08-12
	5. BOOKING HOLDINGS INC		2017-10-25	2019-08-12
	100. COGNIZANT TECHNOLOGY SOLUTIONS CORP		2019-05-10	2019-08-12
	400. COMCAST CORP-CL A		2017-10-25	2019-08-12
	300. DISH NETWORK CORP CL A			2019-08-12
	24805.103 DODGE & COX INCOME FUND #147		2017-10-25	2019-08-12
	200. GILEAD SCIENCES INC			2019-08-12
	100. GLAXO SMITHKLINE SPONSORED ADR		2017-10-25	2019-08-12
	200. ELI LILLY & CO.		2018-04-03	2019-08-12
	100. MAXIM INTEGRATED PRODS INC COM		2017-10-25	2019-08-12
	1000. METLIFE INC			2019-08-12
	150. MICROSOFT CORP		2017-10-25	2019-08-12
	300. NOVARTIS AG SPONSORED ADR			2019-08-12
	300. ROCHE HLDG LTD SPONS ADR			2019-08-12
	300. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-08-12
	1400. JOHNSON CONTROLS INTERNATIONAL PLC			2019-08-12
	500. TE CONNECTIVITY LIMITED			2019-08-12
	50. CHARTER COMMUNICATIONS INC CL A			2019-08-13
	100. MICROCHIP TECHNOLOGY INC		2018-09-13	2019-08-21
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-08-27
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-08-28
	100. AMERICAN EXPRESS CO		2017-10-25	2019-09-03
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-09-04
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-09-05
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-09-06
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-09-09
	100. ZAYO GROUP HOLDINGS INC		2017-10-25	2019-09-10
	50. ALNYLAM PHARMACEUTICALS INC		2017-10-25	2019-09-11
	150. AMERICAN EXPRESS CO			2019-09-11
	900. APACHE CORP			2019-09-11
	400. BANK OF NEW YORK MELLON CORP			2019-09-11
	150. CVS HEALTH CORP		2018-08-31	2019-09-11
	100. CELANESE CORP COMMON		2017-10-25	2019-09-11
	250. CISCO SYSTEMS INC		2017-10-25	2019-09-11
	100. CONCHO RESOURCES		2017-10-25	2019-09-11
	400. GAP INC			2019-09-11
	100. GILEAD SCIENCES INC		2017-10-25	2019-09-11
	300. HESS CORPORATION			2019-09-11
	800. HEWLETT PACKARD ENTERPRISE COMPANY			2019-09-11
	500. MATTEL INC		2017-10-25	2019-09-11
	50. MAXIM INTEGRATED PRODS INC COM		2017-10-25	2019-09-11
	250. MICROCHIP TECHNOLOGY INC			2019-09-11
	400. SCHLUMBERGER LTD		2017-10-25	2019-09-11
	800. SPRINT CORP			2019-09-11
	75. UNITEDHEALTH GROUP INC COM		2017-10-25	2019-09-11
	150. MEDTRONIC PLC		2017-10-25	2019-09-11
	20. ALPHABET INC CL C		2017-10-25	2019-09-12
	500. BANK AMER CORP		2017-10-25	2019-09-12
	600. BRISTOL MYERS SQUIBB CO			2019-09-12
	300. CAPITAL ONE FINANCIAL			2019-09-12
	50. CHARTER COMMUNICATIONS INC CL A		2017-10-25	2019-09-12
	500. COMCAST CORP-CL A		2017-10-25	2019-09-12
	225. DELL TECHNOLOGIES INC CL C			2019-09-12
	600. GLAXO SMITHKLINE SPONSORED ADR		2017-10-25	2019-09-12
	100. GOLDMAN SACHS GROUP INC COM		2017-10-25	2019-09-12
	100. JP MORGAN CHASE & CO		2017-10-25	2019-09-12
	100. MICROSOFT CORP		2017-10-25	2019-09-12
	150. MOLSON COORS BEVERAGE CO CL B		2018-05-17	2019-09-12
	700. SANOFI SPONS ADR			2019-09-12
	250. UNITED TECHNOLOGIES CORP			2019-09-12
	200. TE CONNECTIVITY LIMITED			2019-09-12
	800. AEGON NV ADR		2017-10-25	2019-09-13
	600. ASTRAZENECA PLC ADR			2019-09-13
	500. BANK AMER CORP			2019-09-13
	10. BOOKING HOLDINGS INC		2017-10-25	2019-09-13
	266. CIGNA CORP			2019-09-13
	200. FEDEX CORPORATION		2018-07-17	2019-09-13
	1300. HP INC		2017-10-25	2019-09-13
	500. HALLIBURTON CO			2019-09-13
	100. JP MORGAN CHASE & CO		2017-10-25	2019-09-13
	500. METLIFE INC			2019-09-13
	600. CHARLES SCHWAB CORP			2019-09-13
	2000. WELLS FARGO & CO		2017-10-25	2019-09-13
	50. CHARTER COMMUNICATIONS INC CL A		2017-10-25	2019-09-17
	450. COMCAST CORP-CL A		2017-10-25	2019-09-17
	46066.619 DODGE & COX INCOME FUND #147		2017-10-25	2019-09-17
	100. MICROSOFT CORP		2017-10-25	2019-09-17
	150. NOVARTIS AG SPONSORED ADR		2017-10-25	2019-09-17
	700. ROCHE HLDG LTD SPONS ADR			2019-09-17
	800. JOHNSON CONTROLS INTERNATIONAL PLC			2019-09-17
	15. ALPHABET INC CL C		2017-10-25	2019-09-18
	200. CAPITAL ONE FINANCIAL		2017-10-25	2019-09-18
	200. COGNIZANT TECHNOLOGY SOLUTIONS CORP			2019-09-18
	200. FOX CORP CL A		2019-03-20	2019-09-18
	200. FOX CORP CL B			2019-09-18
	300. JUNIPER NETWORKS INC		2018-01-12	2019-09-18
	800. QURATE RETAIL INC			2019-09-18
	50. FEDEX CORPORATION		2017-10-25	2019-09-19
	400. OCCIDENTAL PETE CORP		2017-10-25	2019-09-19
	400. OCCIDENTAL PETE CORP			2019-09-19
	400. CHARLES SCHWAB CORP			2019-09-19
	25. CHARTER COMMUNICATIONS INC CL A		2017-10-25	2019-09-24
	100. COMCAST CORP-CL A		2017-10-25	2019-09-24
	100. JP MORGAN CHASE & CO		2017-10-25	2019-09-24
	100. COMCAST CORP-CL A		2017-10-25	2019-09-25
	50. JOHNSON CONTROLS INTERNATIONAL PLC		2017-10-25	2019-10-08
	250. CVS HEALTH CORP			2019-11-06
	1400. HP INC			2019-11-06
	100. JP MORGAN CHASE & CO		2017-10-25	2019-11-06
	700. ROCHE HLDG LTD SPONS ADR			2019-11-06
	832. SANOFI SPONS ADR			2019-11-06
	100. JP MORGAN CHASE & CO		2017-10-25	2019-11-07
	600. ASTRAZENECA PLC ADR			2019-11-13
	400. BRISTOL MYERS SQUIBB CO			2019-11-13
	200. BRISTOL MYERS SQUIBB CO		2018-11-15	2019-11-13
	100. CHARTER COMMUNICATIONS INC CL A			2019-11-13
	35. ALPHABET INC CL C		2017-10-25	2019-11-14
	145. CIGNA CORP			2019-11-14
	125. CELANESE CORP COMMON			2019-11-14
	900. COMCAST CORP-CL A			2019-11-14
	200. DELL TECHNOLOGIES INC CL C			2019-11-14
	50. DELL TECHNOLOGIES INC CL C		2019-08-01	2019-11-14
	400. FOX CORP CL A			2019-11-14
	250. MICROSOFT CORP		2017-10-25	2019-11-15
	150. UNITED TECHNOLOGIES CORP			2019-11-15
	25. UNITED TECHNOLOGIES CORP		2018-12-04	2019-11-15
	75. MEDTRONIC PLC		2017-10-25	2019-11-15
	1200. BANK AMER CORP			2019-11-18
	425. CAPITAL ONE FINANCIAL			2019-11-18
	600. GLAXO SMITHKLINE SPONSORED ADR			2019-11-18
	300. NOVARTIS AG SPONSORED ADR		2017-10-25	2019-11-18
	100. UNITEDHEALTH GROUP INC COM		2017-10-25	2019-11-18
	150. AMERICAN EXPRESS CO			2019-11-20
	500. BANK OF NEW YORK MELLON CORP			2019-11-20
	12. BOOKING HOLDINGS INC		2017-10-25	2019-11-20
	100. GOLDMAN SACHS GROUP INC COM		2017-10-25	2019-11-20
	600. HALLIBURTON CO			2019-11-20
	150. JP MORGAN CHASE & CO		2017-10-25	2019-11-20
	600. METLIFE INC			2019-11-20
	500. SCHLUMBERGER LTD			2019-11-20
	1200. CHARLES SCHWAB CORP			2019-11-20
	50. ALNYLAM PHARMACEUTICALS INC		2017-10-25	2019-11-21
	200. CISCO SYSTEMS INC		2017-10-25	2019-11-21
	200. COGNIZANT TECHNOLOGY SOLUTIONS CORP			2019-11-21
	300. DISH NETWORK CORP CL A			2019-11-21
	300. GAP INC			2019-11-21
	100. HARLEY DAVIDSON INC		2018-02-13	2019-11-21
	1300. HEWLETT PACKARD ENTERPRISE COMPANY			2019-11-21
	400. JUNIPER NETWORKS INC		2018-01-12	2019-11-21
	400. MATTEL INC		2018-03-26	2019-11-21
	50. MAXIM INTEGRATED PRODS INC COM		2019-03-26	2019-11-21
	250. MICROCHIP TECHNOLOGY INC			2019-11-21
	200. MOLSON COORS BEVERAGE CO CL B		2018-05-17	2019-11-21
	225. TE CONNECTIVITY LIMITED		2017-10-25	2019-11-21
	700. APACHE CORP			2019-11-22
	300. BB & T CORP			2019-11-22
	1300. BAKER HUGHES CO			2019-11-22
	100. CONCHO RESOURCES		2018-11-12	2019-11-22
	300. FEDEX CORPORATION		2017-10-25	2019-11-22
	200. GILEAD SCIENCES INC		2018-01-12	2019-11-22
	300. HESS CORPORATION			2019-11-22
	50. ELI LILLY & CO.		2018-04-03	2019-11-22
	800. MICRO FOCUS INTL PLC SPONS ADR			2019-11-22
	300. NATIONAL-OILWELL INC		2017-10-25	2019-11-22
	1000. OCCIDENTAL PETE CORP			2019-11-22
	800. QURATE RETAIL INC			2019-11-22
	100. CHARLES SCHWAB CORP		2017-10-25	2019-11-22
	1600. SPRINT CORP			2019-11-22
	900. WELLS FARGO & CO		2017-10-25	2019-11-22
	646. JOHNSON CONTROLS INTERNATIONAL PLC			2019-11-22
	44138.418 DODGE & COX INCOME FUND #147		2017-10-25	2019-11-25
	10.8254 DISH NETWORK CORP - RIGHTS 12/09/19			2019-12-09
	16.1746 DISH NETWORK CORP - RIGHTS 12/09/19		2019-03-26	2019-12-09
	75. ALNYLAM PHARMACEUTICALS INC		2019-02-20	2019-12-10
	185. ASTRAZENECA PLC ADR		2019-03-26	2019-12-10
	400. ASTRAZENECA PLC ADR		2017-10-25	2019-12-10
	500. BRISTOL MYERS SQUIBB CO			2019-12-10
	50. BRISTOL MYERS SQUIBB CO		2019-06-04	2019-12-10
	120. CELANESE CORP COMMON		2017-10-25	2019-12-10
	525. GLAXO SMITHKLINE SPONSORED ADR		2018-02-13	2019-12-10
	150. HARLEY DAVIDSON INC		2018-02-13	2019-12-10
	75. INCYTE CORP		2018-11-13	2019-12-10
	650. SANOFI SPONS ADR			2019-12-10
	175. AMERICAN EXPRESS CO		2017-10-25	2019-12-12
	800. BAKER HUGHES CO			2019-12-12
	1300. BANK AMER CORP		2017-10-25	2019-12-12
	460. CAPITAL ONE FINANCIAL		2017-10-25	2019-12-12
	80. CHARTER COMMUNICATIONS INC CL A			2019-12-12
	250. CISCO SYSTEMS INC		2017-10-25	2019-12-12
	350. GAP INC			2019-12-12
	165. JP MORGAN CHASE & CO		2017-10-25	2019-12-12
	400. MATTEL INC		2018-03-26	2019-12-12
	100. MAXIM INTEGRATED PRODS INC COM		2019-03-26	2019-12-12
	550. METLIFE INC			2019-12-12
	275. MICROCHIP TECHNOLOGY INC			2019-12-12
	76. BRIGHTHOUSE FINANCIAL INC		2018-10-19	2019-12-13
	925. COMCAST CORP-CL A			2019-12-13
	384. MICRO FOCUS INTL PLC SPONS ADR			2019-12-13
	50. MEDTRONIC PLC		2017-10-25	2019-12-13
	200. TE CONNECTIVITY LIMITED		2019-01-03	2019-12-13
	25. TE CONNECTIVITY LIMITED		2017-10-25	2019-12-13
	1300. AEGON NV ADR		2018-12-18	2019-12-16
	1874. AEGON NV ADR		2017-10-25	2019-12-16
	100. CIGNA CORP			2019-12-16
	100. CIGNA CORP		2019-05-28	2019-12-16
	150. CONCHO RESOURCES			2019-12-16
	250. MICROSOFT CORP			2019-12-16
	900. OCCIDENTAL PETE CORP			2019-12-16
	200. CHARLES SCHWAB CORP			2019-12-16
	800. CHARLES SCHWAB CORP			2019-12-16
	25. UNITEDHEALTH GROUP INC COM		2017-10-25	2019-12-16
	75. UNITEDHEALTH GROUP INC COM			2019-12-16
	900. WELLS FARGO & CO		2017-10-25	2019-12-16
	500. APACHE CORP			2019-12-17
	550. BANK OF NEW YORK MELLON CORP			2019-12-17
	12. BOOKING HOLDINGS INC		2017-10-25	2019-12-17
	140. GOLDMAN SACHS GROUP INC COM		2017-10-25	2019-12-17
	300. HALLIBURTON CO		2018-12-11	2019-12-17
	200. HALLIBURTON CO			2019-12-17
	100. ELI LILLY & CO.		2018-04-03	2019-12-17
	275. NATIONAL-OILWELL INC		2017-10-25	2019-12-17
	300. NOVARTIS AG SPONSORED ADR		2017-10-25	2019-12-17
	700. ROCHE HLDG LTD SPONS ADR		2017-10-25	2019-12-17
	33. ALPHABET INC CL C		2017-10-25	2019-12-18
	150. DISH NETWORK CORP CL A		2019-03-26	2019-12-18
	200. DISH NETWORK CORP CL A			2019-12-18
	300. FOX CORP CL A			2019-12-18
	1250. HP INC			2019-12-18
	1400. HEWLETT PACKARD ENTERPRISE COMPANY			2019-12-18
	200. CVS HEALTH CORP			2019-12-24
	225. DELL TECHNOLOGIES INC CL C			2019-12-24
	100. FOX CORP CL B			2019-12-24
	100. HESS CORPORATION		2019-06-06	2019-12-24
	125. MOLSON COORS BEVERAGE CO CL B			2019-12-24
	75. NEWS CORP/NEW CL A		2017-10-25	2019-12-24
	250. QURATE RETAIL INC			2019-12-24
	350. QURATE RETAIL INC		2018-07-30	2019-12-24
	1000. SPRINT CORP			2019-12-24
	150. TRUIST FINANCIAL CORP			2019-12-24
	150. TRUIST FINANCIAL CORP		2017-10-25	2019-12-24
	180. UNITED TECHNOLOGIES CORP			2019-12-24
	10. CIGNA CORP		2019-05-31	2019-12-26
	200. COGNIZANT TECHNOLOGY SOLUTIONS CORP			2019-12-26
	45260.157 DODGE & COX INCOME FUND #147			2019-12-26
	265. FEDEX CORPORATION			2019-12-26
	200. GILEAD SCIENCES INC		2018-05-17	2019-12-26
	50. HALLIBURTON CO		2019-07-10	2019-12-26
	550. JUNIPER NETWORKS INC		2018-01-31	2019-12-26
	15. MICROSOFT CORP		2017-10-25	2019-12-26
	50. ROCHE HLDG LTD SPONS ADR		2017-10-25	2019-12-26
	400. SCHLUMBERGER LTD		2019-02-25	2019-12-26
	60. CHARLES SCHWAB CORP		2019-04-05	2019-12-26
	5. UNITEDHEALTH GROUP INC COM		2019-10-01	2019-12-26
	50. WELLS FARGO & CO		2017-10-25	2019-12-26
	800. JOHNSON CONTROLS INTERNATIONAL PLC			2019-12-26
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	12,508	13,016	-508
b	26	27	-1
c	13,070	10,331	2,739
d	4,305	4,484	-179
e	6,177	6,508	-331
	8,923	11,659	-2,736
	23,741	23,868	-127
	9,115	9,518	-403
	9,585	7,226	2,359
	28,495	30,388	-1,893
	19,214	20,874	-1,660
	3,358	6,241	-2,883
	23,773	32,003	-8,230
	6,506	7,948	-1,442
	16,078	18,201	-2,123
	9,508	10,477	-969
	29,207	34,106	-4,899
	12,940	10,331	2,609
	46,156	47,483	-1,327
	12,022	13,025	-1,003
	200,000	207,207	-7,207
	13,597	15,877	-2,280
	11,811	11,607	204
	17,592	24,360	-6,768
	20,995	21,790	-795
	14,175	14,080	95
	29,949	30,246	-297
	2,818	2,885	-67
	34,555	25,658	8,897
	8,529	10,738	-2,209
	5,283	5,188	95
	40,681	31,420	9,261
	2,435	2,723	-288
	35,031	32,726	2,305
	8,410	9,252	-842
	19,413	17,406	2,007
	16,958	19,176	-2,218
	12,369	18,903	-6,534
	30,658	31,385	-727
	5,072	5,648	-576
	29,188	15,705	13,483
	14,485	7,643	6,842
	30,898	22,311	8,587
	24,528	20,811	3,717
	2,572	3,602	-1,030
	789	4,943	-4,154
	8,407	7,878	529

	9,511	9,518	-7
	28,655	27,625	1,030
	14,410	14,610	-200
	19,472	24,360	-4,888
	32,578	31,385	1,193
	9,717	5,235	4,482
	7,252	8,306	-1,054
	8,203	12,897	-4,694
	14,740	14,276	464
	4,998	3,613	1,385
	14,587	13,813	774
	17,594	19,247	-1,653
	9,586	11,838	-2,252
	4,938	8,488	-3,550
	20,018	25,602	-5,584
	9,805	10,477	-672
	21,397	18,104	3,293
	17,356	17,432	-76
	17,574	16,896	678
	14,147	14,427	-280
	21,455	15,710	5,745
	17,821	16,363	1,458
	22,795	20,307	2,488
	14,464	7,643	6,821
	15,710	11,156	4,554
	8,249	10,805	-2,556
	21,122	20,874	248
	15,347	16,270	-923
	36,495	34,235	2,260
	38,805	38,911	-106
	6,494	7,948	-1,454
	27,087	20,661	6,426
	21,753	21,915	-162
	11,708	8,553	3,155
	5,794	10,043	-4,249
	33,200	38,352	-5,152
	6,070	7,060	-990
	19,479	10,470	9,009
	10,653	10,437	216
	23,878	27,302	-3,424
	13,038	13,074	-36
	7,229	9,455	-2,226
	14,810	14,080	730
	23,047	19,362	3,685
	7,311	9,204	-1,893
	16,327	15,564	763
	6,142	6,808	-666
	14,836	16,191	-1,355
	13,168	18,903	-5,735
	23,567	23,868	-301
	5,353	5,219	134
	19,569	19,454	115
	43,358	51,158	-7,800
	4,650	3,444	1,206
	13,743	15,877	-2,134
	2,198	2,179	19
	4,539	4,224	315
	20,669	20,164	505
	21,499	15,710	5,789
	9,564	8,967	597
	4,892	2,618	2,274
	26,754	20,811	5,943
	23,037	23,214	-177
	60,659	56,253	4,406
	19,740	23,667	-3,927
	21,369	20,541	828
	25,224	25,568	-344
	20,903	20,164	739
	11,528	7,717	3,811
	17,224	16,363	861
	26,553	26,230	323
	11,759	13,039	-1,280
	85,610	77,473	8,137
	24,313	25,420	-1,107
	9,643	12,161	-2,518
	100,000	102,602	-2,602
	1,274	4,613	-3,339
	1,675	1,408	267
	1,647	1,408	239
	1,649	1,408	241
	55,999		55,999
	14,933		14,933
	20,385	38,761	-18,376
	20,416	25,113	-4,697
	10,946	9,376	1,570
	32,928	36,663	-3,735
	10,904	9,376	1,528
	10,900	9,376	1,524
	12	13	-1
	11	6	5
	12,766	7,717	5,049
	5,552	4,970	582
	7,682	6,958	724
	3,102	3,254	-152
	3,105	3,254	-149
	3,081	3,254	-173
	9,213	9,762	-549
	3,110	3,319	-209
	1,467	625	842
	17	29	-12
	6,435	3,613	2,822
	17,562	11,156	6,406
	6,998	4,774	2,224
	4,135	3,653	482
	7,019	4,774	2,245
	8,205	7,305	900
	7,018	4,774	2,244
	12,442	10,958	1,484
	7,022	4,774	2,248
	4,127	3,653	474
	7,005	4,774	2,231
	4,130	3,653	477
	6,987	4,774	2,213
	8,312	7,305	1,007
	7,007	4,774	2,233
	12,467	10,958	1,509
	6,997	4,774	2,223
	6,992	4,774	2,218
	6,995	4,774	2,221
	7,009	4,774	2,235
	7,053	4,774	2,279
	7,019	4,774	2,245
	7,017	4,774	2,243
	7,065	4,774	2,291
	7,089	4,774	2,315
	7,061	4,774	2,287
	14,263	9,052	5,211
	5,776	3,444	2,332
	5,726	3,444	2,282
	5,704	3,444	2,260
	13,771	7,855	5,916
	13,758	7,855	5,903
	13,757	12,278	1,479
	18,689	14,063	4,626
	13,369	10,271	3,098
	8,981	10,437	-1,456
	9,592	9,624	-32
	6,146	5,882	264
	17,050	14,610	2,440
	9,643	14,595	-4,952
	350,000	342,310	7,690
	12,855	15,877	-3,022
	4,030	3,869	161
	22,597	15,246	7,351
	5,333	5,188	145
	46,225	53,970	-7,745
	20,513	11,783	8,730
	27,425	21,563	5,862
	10,504	9,021	1,483
	10,117	10,805	-688
	58,848	57,700	1,148
	44,337	44,405	-68
	19,014	17,053	1,961
	8,930	8,400	530
	3,385	3,602	-217
	3,379	3,602	-223
	11,762	9,376	2,386
	3,380	3,602	-222
	3,380	3,602	-222
	3,380	3,602	-222
	3,380	3,602	-222
	3,377	3,602	-225
	4,333	5,830	-1,497
	17,657	14,063	3,594
	21,486	35,501	-14,015
	18,398	20,874	-2,476
	9,566	11,250	-1,684
	12,390	10,477	1,913
	12,457	8,609	3,848
	7,502	13,025	-5,523
	7,682	10,832	-3,150
	6,743	7,939	-1,196
	19,351	17,351	2,000
	12,296	11,264	1,032
	5,382	7,670	-2,288
	2,959	2,594	365
	23,578	19,747	3,831
	15,022	25,204	-10,182
	5,548	5,648	-100
	17,511	15,608	1,903
	16,290	11,817	4,473
	24,742	19,368	5,374
	14,823	13,813	1,010
	29,901	38,161	-8,260
	27,683	27,302	381
	21,498	17,053	4,445
	23,497	18,263	5,234
	12,263	10,268	1,995
	24,610	22,821	1,789
	21,967	24,360	-2,393
	11,792	10,082	1,710
	13,799	7,855	5,944
	8,474	9,037	-563
	30,791	33,558	-2,767
	34,323	32,176	2,147
	19,469	17,762	1,707
	3,428	4,746	-1,318
	25,701	20,541	5,160
	15,100	13,813	1,287
	20,655	19,247	1,408
	42,584	48,461	-5,877
	34,832	46,178	-11,346
	24,641	28,327	-3,686
	10,082	18,962	-8,880
	12,000	10,082	1,918
	24,312	26,985	-2,673
	26,312	26,901	-589
	98,248	110,450	-12,202
	21,191	17,053	4,138
	20,834	16,436	4,398
	650,000	635,719	14,281
	13,693	7,855	5,838
	12,971	10,781	2,190
	24,594	20,927	3,667
	35,033	31,466	3,567
	18,426	14,526	3,900
	18,581	18,201	380
	12,661	11,744	917
	6,523	8,154	-1,631
	6,504	7,725	-1,221
	7,182	8,656	-1,474
	8,852	17,897	-9,045
	7,531	11,285	-3,754
	18,318	26,230	-7,912
	18,318	27,863	-9,545
	17,249	17,934	-685
	10,441	8,526	1,915
	4,568	3,653	915
	11,727	10,082	1,645
	4,569	3,653	916
	2,081	1,868	213
	17,613	19,590	-1,977
	28,664	30,506	-1,842
	12,910	10,082	2,828
	26,032	20,318	5,714
	38,271	39,886	-1,615
	12,999	10,082	2,917
	28,705	20,541	8,164
	23,626	24,734	-1,108
	11,813	10,564	1,249
	48,147	34,106	14,041
	45,820	33,894	11,926
	27,587	26,417	1,170
	15,763	13,096	2,667
	40,801	30,816	9,985
	11,105	9,127	1,978
	2,776	2,887	-111
	13,758	15,865	-2,107
	37,294	19,638	17,656
	22,338	18,807	3,531
	3,723	3,019	704
	8,336	5,909	2,427
	39,413	33,150	6,263
	41,222	38,677	2,545
	26,619	22,662	3,957
	27,073	21,563	5,510
	27,285	20,811	6,474
	17,975	14,063	3,912
	24,432	26,093	-1,661
	22,231	23,097	-866
	21,909	24,360	-2,451
	12,513	17,675	-5,162
	19,517	15,123	4,394
	29,329	32,382	-3,053
	18,089	31,505	-13,416
	53,569	53,802	-233
	5,477	5,830	-353
	8,985	6,887	2,098
	12,681	11,725	956
	10,807	14,595	-3,788
	4,798	7,855	-3,057
	3,585	4,728	-1,143
	22,184	18,304	3,880
	10,176	11,542	-1,366
	4,622	5,205	-583
	2,737	2,706	31
	22,881	18,457	4,424
	10,476	12,049	-1,573
	20,428	19,982	446
	16,422	27,074	-10,652
	16,427	14,276	2,151
	29,464	38,658	-9,194
	7,335	13,090	-5,755
	46,406	67,710	-21,304
	13,111	15,835	-2,724
	19,490	17,066	2,424
	5,805	3,812	1,993
	11,260	32,026	-20,766
	6,577	10,113	-3,536
	39,669	57,874	-18,205
	7,468	17,086	-9,618
	4,769	4,484	285
	9,064	11,296	-2,232
	48,819	49,703	-884
	27,535	24,012	3,523
	625,000	609,110	15,890


	9,179	5,915	3,264
	8,867	7,941	926
	19,171	13,694	5,477
	31,072	26,119	4,953
	3,107	2,329	778
	14,632	12,572	2,060
	24,205	19,134	5,071
	5,578	7,092	-1,514
	7,205	4,758	2,447
	31,365	31,161	204
	21,329	16,407	4,922
	18,860	18,586	274
	44,713	35,913	8,800
	47,539	41,862	5,677
	37,294	27,284	10,010
	11,370	8,609	2,761
	5,917	8,916	-2,999
	22,698	16,635	6,063
	5,046	5,205	-159
	5,866	5,413	453
	27,751	27,936	-185
	28,021	18,169	9,852
	3,206	3,190	16
	40,290	31,259	9,031
	5,428	9,224	-3,796
	5,692	3,939	1,753
	18,884	14,681	4,203
	2,361	2,220	141
	6,051	6,181	-130
	8,723	11,118	-2,395
	19,646	18,218	1,428
	19,646	14,871	4,775
	12,108	13,539	-1,431
	38,797	19,638	19,159
	34,443	44,491	-10,048
	9,987	8,954	1,033
	39,947	35,868	4,079
	7,360	5,203	2,157
	22,079	17,575	4,504
	49,044	49,703	-659
	11,165	15,495	-4,330
	28,053	28,467	-414
	24,080	23,097	983
	32,309	34,104	-1,795
	7,396	8,613	-1,217
	4,931	5,268	-337
	12,630	7,623	5,007
	6,557	9,270	-2,713
	28,099	21,563	6,536
	27,072	20,307	6,765
	44,680	31,958	12,722
	5,377	4,691	686
	7,169	9,730	-2,561
	11,129	10,860	269
	25,483	24,795	688
	22,541	19,712	2,829
	14,925	14,938	-13
	11,438	12,564	-1,126
	3,660	3,497	163
	6,719	5,507	1,212
	6,672	7,530	-858
	1,048	1,021	27
	2,047	3,959	-1,912
	2,865	7,419	-4,554
	5,225	7,060	-1,835
	8,423	7,929	494
	8,423	7,138	1,285
	26,968	21,729	5,239
	2,046	1,479	567
	12,461	11,614	847
	635,000	619,694	15,306
	40,183	58,834	-18,651
	13,337	13,478	-141
	1,235	1,180	55
	13,445	14,291	-846
	2,373	1,178	1,195
	2,022	1,451	571
	16,186	17,970	-1,784
	2,931	2,673	258
	1,478	1,076	402
	2,714	2,761	-47
	32,849	27,542	5,307
			3,245

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			-508
b			-1
c			2,739
d			-179
e			-331
			-2,736
			-127
			-403
			2,359
			-1,893
			-1,660
			-2,883
			-8,230
			-1,442
			-2,123
			-969
			-4,899
			2,609
			-1,327
			-1,003
			-7,207
			-2,280
			204
			-6,768
			-795
			95
			-297
			-67
			8,897
			-2,209
			95
			9,261
			-288
			2,305
			-842
			2,007
			-2,218
			-6,534
			-727
			-576
			13,483
			6,842
			8,587
			3,717
			-1,030
			-4,154
			529

			-7
			1,030
			-200
			-4,888
			1,193
			4,482
			-1,054
			-4,694
			464
			1,385
			774
			-1,653
			-2,252
			-3,550
			-5,584
			-672
			3,293
			-76
			678
			-280
			5,745
			1,458
			2,488
			6,821
			4,554
			-2,556
			248
			-923
			2,260
			-106
			-1,454
			6,426
			-162
			3,155
			-4,249
			-5,152
			-990
			9,009
			216
			-3,424
			-36
			-2,226
			730
			3,685
			-1,893
			763
			-666
			-1,355
			-5,735
			-301
			134
			115
			-7,800
			1,206
			-2,134
			19
			315
			505
			5,789
			597
			2,274
			5,943
			-177
			4,406
			-3,927
			828
			-344
			739
			3,811
			861
			323
			-1,280
			8,137
			-1,107
			-2,518
			-2,602
			-3,339
			267
			239
			241
			55,999
			14,933
			-18,376
			-4,697
			1,570
			-3,735
			1,528
			1,524
			-1
			5
			5,049
			582
			724
			-152
			-149
			-173
			-549
			-209
			842
			-12
			2,822
			6,406
			2,224
			482
			2,245
			900
			2,244
			1,484
			2,248
			474
			2,231
			477
			2,213
			1,007
			2,233
			1,509
			2,223
			2,218
			2,221
			2,235
			2,279
			2,245
			2,243
			2,291
			2,315
			2,287
			5,211
			2,332
			2,282
			2,260
			5,916
			5,903
			1,479
			4,626
			3,098
			-1,456
			-32
			264
			2,440
			-4,952
			7,690
			-3,022
			161
			7,351
			145
			-7,745
			8,730
			5,862
			1,483
			-688
			1,148
			-68
			1,961
			530
			-217
			-223
			2,386
			-222
			-222
			-222
			-222
			-225
			-1,497
			3,594
			-14,015
			-2,476
			-1,684
			1,913
			3,848
			-5,523
			-3,150
			-1,196
			2,000
			1,032
			-2,288
			365
			3,831
			-10,182
			-100
			1,903
			4,473
			5,374
			1,010
			-8,260
			381
			4,445
			5,234
			1,995
			1,789
			-2,393
			1,710
			5,944
			-563
			-2,767
			2,147
			1,707
			-1,318
			5,160
			1,287
			1,408
			-5,877
			-11,346
			-3,686
			-8,880
			1,918
			-2,673
			-589
			-12,202
			4,138
			4,398
			14,281
			5,838
			2,190
			3,667
			3,567
			3,900
			380
			917
			-1,631
			-1,221
			-1,474
			-9,045
			-3,754
			-7,912
			-9,545
			-685
			1,915
			915
			1,645
			916
			213
			-1,977
			-1,842
			2,828
			5,714
			-1,615
			2,917
			8,164
			-1,108
			1,249
			14,041
			11,926
			1,170
			2,667
			9,985
			1,978
			-111
			-2,107
			17,656
			3,531
			704
			2,427
			6,263
			2,545
			3,957
			5,510
			6,474
			3,912
			-1,661
			-866
			-2,451
			-5,162
			4,394
			-3,053
			-13,416
			-233
			-353
			2,098
			956
			-3,788
			-3,057
			-1,143
			3,880
			-1,366
			-583
			31
			4,424
			-1,573
			446
			-10,652
			2,151
			-9,194
			-5,755
			-21,304
			-2,724
			2,424
			1,993
			-20,766
			-3,536
			-18,205
			-9,618
			285
			-2,232
			-884
			3,523
			15,890


			3,264
			926
			5,477
			4,953
			778
			2,060
			5,071
			-1,514
			2,447
			204
			4,922
			274
			8,800
			5,677
			10,010
			2,761
			-2,999
			6,063
			-159
			453
			-185
			9,852
			16
			9,031
			-3,796
			1,753
			4,203
			141
			-130
			-2,395
			1,428
			4,775
			-1,431
			19,159
			-10,048
			1,033
			4,079
			2,157
			4,504
			-659
			-4,330
			-414
			983
			-1,795
			-1,217
			-337
			5,007
			-2,713
			6,536
			6,765
			12,722
			686
			-2,561
			269
			688
			2,829
			-13
			-1,126
			163
			1,212
			-858
			27
			-1,912
			-4,554
			-1,835
			494
			1,285
			5,239
			567
			847
			15,306
			-18,651
			-141
			55
			-846
			1,195
			571
			-1,784
			258
			402
			-47
			5,307

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	287,137
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 ...................		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? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2018	1,075,300	9,606,588	0.111934
2017	2,205	181,248	0.012166
2016		23,056
2015		23,671
2014		24,093

Total of line 1, column (d) .....................

0.1241

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 ......

0.02482

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

6,706,408

Multiply line 4 by line 3......................

166,453

Enter 1% of net investment income (1% of Part I, line 27b)...........

3,790

Add lines 5 and 6........................

170,243

Enter qualifying distributions from Part XII, line 4,.............

6,281,104

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2019)

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 and enter “N/A" on line 1.
	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	3,790
	hereand 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	3,790
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	3,790
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	4,531
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,531
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	741
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax741	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

GEORGE ARGYRIS Telephone no. bullet

(415) 954-4400

Located at bullet

235 MONTGOMERY ST 17TH FLSAN FRANCISCOCA ZIP+4 bullet

94104

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

16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2019?.............

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)):

At the end of tax year 2019, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2019?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2019.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?

Form 990-PF (2019)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
George Argyris	Trustee 1	0
235 Montgomery St 17th Floor San Francisco,CA94104	Trustee 1	0
Evan Abrams	Trustee 1	0
235 Montgomery St 17th Floor San Francisco,CA94101	Trustee 1	0

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...................				0

Form 990-PF (2019)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2019)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

6,075,430

Average of monthly cash balances.......................

733,106

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

6,808,536

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,808,536

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

102,128

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

6,706,408

Minimum investment return. Enter 5% of line 5..................

335,320

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

335,320

Tax on investment income for 2019 from Part VI, line 5......

3,790

Income tax for 2019. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,790

Distributable amount before adjustments. Subtract line 2c from line 1............

331,530

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

331,530

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

331,530

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

6,281,104

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

6,281,104

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.................

3,790

Adjusted qualifying distributions. Subtract line 5 from line 4..............

6,277,314

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2019)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2018	(c) 2018	(d) 2019
1 Distributable amount for 2019 from Part XI, line 7					331,530
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	0
b From 2015......	0
c From 2016......	0
d From 2017......	0
e From 2018......	604,015
fTotal of lines 3a through e........		604,015
4Qualifying distributions for 2019 from Part
XII, line 4: $ 6,281,104
a Applied to 2018, 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 2019 distributable amount.....					331,530
e Remaining amount distributed out of corpus		5,949,574
5 Excess distributions carryover applied to 2019.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		6,553,589
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					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 2014 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		6,553,589
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	604,015
e Excess from 2019....	5,949,574

Form 990-PF (2019)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2019)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
The San Francisco Housing Accelerator Fund 369 PINE ST STE 350 San Francisco,CA94104	N/A	PC	GENERAL OPERATING	1,000,000
ST IGNATIUS CHURCH 650 PARKER AVE SAN FRANCISCO,CA94118	N/A	PC	GENERAL OPERATING	200,000
MERCY HOUSING CALIFORNIA 1256 MARKET STREET SAN FRANCISCO,CA94102	N/A	PC	DEVELOP SENIOR HOUSING	5,010,000
Total ................................. 3a				6,210,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2019)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
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	183,184
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	287,137
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)..				470,321

13Total. Add line 12, columns (b), (d), and (e)..................

470,321

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2019)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.) Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2019)

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