-
TIN:
Form
990-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.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
TARSADIA FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
520 NEWPORT CENTER DRIVE 21ST FLO
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWPORT BEACH
,
CA
92660
A Employer identification number
33-0879062
B
Telephone number (see instructions)
(949) 610-8038
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
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 .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
232,925,292
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2,212,019
2
Check
.............
3
Interest on savings and temporary cash investments
1,225,808
1,225,808
4
Dividends and interest from securities
...
6,098,250
4,920,124
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
8,036,807
b
Gross sales price for all assets on line 6a
230,992,922
7
Capital gain net income (from Part IV, line 2)
...
8,651,164
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)
.......
1,887,663
1,135,836
12
Total.
Add lines 1 through 11
........
19,460,547
15,932,932
13
Compensation of officers, directors, trustees, etc.
489,954
0
248,800
14
Other employee salaries and wages
......
9,692
0
9,692
15
Pension plans, employee benefits
.......
80,431
0
80,431
16a
Legal fees (attach schedule)
.........
13,737
0
13,737
b
Accounting fees (attach schedule)
.......
42,471
0
42,471
c
Other professional fees (attach schedule)
....
226,613
156,656
69,957
17
Interest
...............
27,032
2,004
25,028
18
Taxes (attach schedule) (see instructions)
...
609,343
579,960
29,383
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
102,170
0
102,170
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
278,197
166,845
168,623
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,879,640
905,465
790,292
25
Contributions, gifts, grants paid
.......
11,333,912
11,333,912
26
Total expenses and disbursements.
Add lines 24 and 25
13,213,552
905,465
12,124,204
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
6,246,995
b
Net investment income
(if negative, enter -0-)
15,027,467
c
Adjusted net income
(if negative, enter -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
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
1
Cash—non-interest-bearing
.............
-220,006
448,379
448,379
2
Savings and temporary cash investments
.........
87,064,872
109,529,549
109,529,549
3
Accounts receivable
Less: allowance for doubtful accounts
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)
100,000
Less: allowance for doubtful accounts
0
850,000
100,000
100,000
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
116,848,599
108,402,261
108,402,261
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)
..........
14,299,407
14,092,684
14,092,684
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
65,069
352,419
352,419
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
218,907,941
232,925,292
232,925,292
17
Accounts payable and accrued expenses
..........
2,669
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
2,451,507
56,940
23
Total liabilities
(add lines 17 through 22)
.........
2,454,176
56,940
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
216,453,765
232,868,352
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
........
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)
.....
216,453,765
232,868,352
30
Total liabilities and net assets/fund balances
(see instructions)
.
218,907,941
232,925,292
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
216,453,765
2
Enter amount from Part I, line 27a
.....................
2
6,246,995
3
Other increases not included in line 2 (itemize)
3
13,126,651
4
Add lines 1, 2, and 3
..........................
4
235,827,411
5
Decreases not included in line 2 (itemize)
5
2,959,059
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
232,868,352
Form
990-PF
(2019)
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
FIDELITY INVESTMENTS SHORT-TERM
P
b
JP MORGAN SHORT-TERM
P
c
TD AMERITRADE LONG-TERM
P
d
FPF II NVOICEPAY HOLDINGS, LLC
P
2019-04-16
e
JP MORGAN LONG-TERM
P
FIDELITY INVESTMENTS LONG-TERM
P
MORGAN STANLEY SHORT-TERM
P
TD AMERITRADE SHORT-TERM
P
GOLDMAN SACHS SHORT-TERM
P
GOLDMAN SACHS LONG-TERM
P
CAPITAL GAINS DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
456,143
447,414
8,729
b
15,204,670
14,092,259
1,112,411
c
3,213,168
3,448,056
-234,888
d
6,261,579
2,383,030
3,878,549
e
3,913,873
3,899,786
14,087
4,683,983
4,917,016
-233,033
16,728,187
17,696,510
-968,323
177,066,590
173,218,466
3,848,124
75,076
80,313
-5,237
2,225,103
2,158,908
66,195
1,164,550
1,164,550
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
8,729
b
1,112,411
c
-234,888
d
3,878,549
e
14,087
-233,033
-968,323
3,848,124
-5,237
66,195
1,164,550
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
8,651,164
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
8,728,540
132,354,040
0.065948
2017
5,025,298
92,872,236
0.054110
2016
5,019,351
69,981,021
0.071724
2015
6,140,904
65,961,260
0.093099
2014
4,076,452
59,015,488
0.069074
2
Total
of line 1, column (d)
.....................
2
0.353955
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
0.070791
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
227,114,012
5
Multiply line 4 by line 3
......................
5
16,077,628
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
150,275
7
Add lines 5 and 6
........................
7
16,227,903
8
Enter qualifying distributions from Part XII, line 4
,.............
8
12,124,204
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)
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
300,549
here
and 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
300,549
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
300,549
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
224,000
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
80,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
304,000
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
1,094
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
2,357
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
2,357
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
CA
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 2019 or the taxable year beginning in 2019? 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
Yes
Form
990-PF
(2019)
Form 990-PF (2019)
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 address
WWW.TARSADIAFOUNDATION.ORG
14
The books are in care of
SHIRISH DAYAL
Telephone no.
(949) 610-8038
Located at
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH
CA
ZIP+4
92660
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
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.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
BU PATEL
DIRECTOR
12.00
0
0
0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH
,
CA
92660
TUSHAR PATEL
DIRECTOR
2.00
0
0
0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH
,
CA
92660
SHIRISH DAYAL
SECRETARY & TREASURER
32.00
198,800
30,682
0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH
,
CA
92660
MAYA PATEL
EXECUTIVE CHAIRWOMAN
30.00
50,000
21,453
0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH
,
CA
92660
GAUTAM PATEL
EX-DIRECTOR
2.00
0
0
0
277 WEST 4TH STREET APT 2
NEW YORK
,
NY
10014
PRIYA BERY
CEO & PRESIDENT
32.00
241,154
15,522
0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH
,
CA
92660
MAYUR PATEL
DIRECTOR
2.00
0
0
0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH
,
CA
92660
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)
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
.............
0
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
.........................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
123,270,529
b
Average of monthly cash balances
.......................
1b
93,209,388
c
Fair market value of all other assets (see instructions)
................
1c
14,092,684
d
Total
(add lines 1a, b, and c)
.........................
1d
230,572,601
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
230,572,601
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
3,458,589
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
227,114,012
6
Minimum investment return.
Enter 5% of line 5
..................
6
11,355,701
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
11,355,701
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
300,549
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
60,332
c
Add lines 2a and 2b
............................
2c
360,881
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
10,994,820
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
10,994,820
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
10,994,820
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
12,124,204
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
12,124,204
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
12,124,204
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)
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
10,994,820
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
......
1,210,650
b
From 2015
......
2,890,865
c
From 2016
......
1,587,539
d
From 2017
......
434,908
e
From 2018
......
2,345,036
f
Total
of lines 3a through e
........
8,468,998
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
12,124,204
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
.....
10,994,820
e
Remaining amount distributed out of corpus
1,129,384
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).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
9,598,382
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)
...
1,210,650
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
8,387,732
10
Analysis of line 9:
a
Excess from 2015
....
2,890,865
b
Excess from 2016
....
1,587,539
c
Excess from 2017
....
434,908
d
Excess from 2018
....
2,345,036
e
Excess from 2019
....
1,129,384
Form
990-PF
(2019)
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
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(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
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.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
BU PATEL
TUSHAR PATEL
MAYA PATEL
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
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
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2019)
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)
a
Paid during the year
AMERICAN INDIA FOUNDATION
530 LYTTON AVENUE 2ND FLOOR
PALO ALTO
,
CA
94301
PUBLIC
PROGRAM SUPPORT
275,000
BABSON COLLEGE
ADVANCEMENT SERVICES PO BOX 57310
BABSON PARK
,
MA
024570310
PUBLIC
PROGRAM SUPPORT
10,000
BAPS CHARITIES
C/O ALPESH PATEL 6 RIBERIO COURT
NOLBROOKN
,
NY
11741
PUBLIC
PROGRAM SUPPORT
15,001
BARDOLI PARDESH KELAVANI MANDAL
GOPAL VIDYA NAGAR BARDOLI ROAD
BARDOLI
,
GUJARAT
394350
IN
PUBLIC
PROGRAM SUPPORT
2,750,000
BIG BROTHERS BIG SISTERS OF OC
1801 E EDINGER SUITE 101
SANTA ANA
,
CA
92705
PUBLIC
PROGRAM SUPPORT
375,000
CALIFORNIA STATE FULLERTON PHILANTHROPIC FOUNDATION INC
2600 NUTWOOD AVE SUITE 850
FULLERTON
,
CA
92381
PUBLIC
PROGRAM SUPPORT
2,500
CHARITABLE VENTURES OF OC
4041 MACARTHUR BLVD SUITE 510
NEWPORT BEACH
,
CA
92660
PUBLIC
PROGRAM SUPPORT
110,000
COURT APPOINTED SPECIAL ADVOCATES
1505 E 17TH STREET SUITE 214
SANTA ANA
,
CA
92705
PUBLIC
PROGRAM SUPPORT
226,000
EACH ONE TEACH ONE INC
16491 SCIENTIFIC WAY
IRVINE
,
CA
92618
PUBLIC
PROGRAM SUPPORT
7,500
EAGLES OF EIGHTY-TWO INC
1009 E WALNUT AVE
EL SEGUNDO
,
CA
90245
PUBLIC
PROGRAM SUPPORT
5,000
EXPONENT PHILANTHROPY
1720 N ST NW
WASHINGTON
,
DC
20036
PUBLIC
PROGRAM SUPPORT
6,500
GRANTMAKERS FOR EFFECTIVE ORGANIZATION
1310 L STREET NW SUITE 620
WASHINGTON
,
DC
20005
PUBLIC
PROGRAM SUPPORT
3,590
HMPS FOUNDATION
15311 PIONEER BLVD
NORWALK
,
CA
90650
PUBLIC
PROGRAM SUPPORT
50,000
HOLISTIC SCIENCE CHARITABLE RESEARCH FOUNDATION
206 S ILLINOIS AVE
OAK RIDGE
,
TN
37830
PUBLIC
PROGRAM SUPPORT
25,000
INDIAN AMERICAN HERITAGE FOUNDATION
3818 GLENEAGLES DRIVE
TARZANA
,
CA
91356
PUBLIC
PROGRAM SUPPORT
3,000
JOY OF SHARING FOUNDATION
15311 PIONEER BLVD
NORWALK
,
CA
90650
PUBLIC
PROGRAM SUPPORT
200,000
KABOOM INC
4301 CONNECTICUT AVE NW SUITE ML-1
WASHINGTON
,
DC
20008
PUBLIC
PROGRAM SUPPORT
30,621
KURE IT CANCER RESEARCH
2201 DUPONT DR 700
IRVINE
,
CA
92612
PUBLIC
PROGRAM SUPPORT
3,000
LESTONNAC FREE CLINIC
1215 EAST CHAPMAN BLVD
ORANGE
,
CA
92866
PUBLIC
PROGRAM SUPPORT
100,000
LEUKEMIA & LYMPHOMA SOCIETY
515 N CABRILLO PARK DRIVE 102
SANTA ANA
,
CA
92701
PUBLIC
PROGRAM SUPPORT
1,000
MANAV SADHNA
1916 PASTORAL LANE
HANOVER
,
IL
60133
PUBLIC
PROGRAM SUPPORT
135,000
NALANDA 20
PO BOX 14841
FREMONT
,
CA
94539
PUBLIC
PROGRAM SUPPORT
25,000
NATIONAL CENTER FOR FAMILY PHILANTHROPY
1667 K STREET NW SUITE 550
WASHINGTON
,
DC
20006
PUBLIC
PROGRAM SUPPORT
5,000
OC FOOD BANK
11870 MONARCH ST
GARDEN GROVE
,
CA
92841
PUBLIC
PROGRAM SUPPORT
5,000
OC HUMAN RELATIONS
1801 E EDINGER AVE SUITE 115
SANTA ANA
,
CA
92705
PUBLIC
PROGRAM SUPPORT
100,000
ORANGE COUNTY COMMUNITY FOUNDATION
4041 MACARTHUR BLVD SUITE 510
NEWPORT BEACH
,
CA
92660
PUBLIC
PROGRAM SUPPORT
60,150
ORANGE COUNTY UNITED WAY
18012 MITCHELL SOUTH
IRVINE
,
CA
92614
PUBLIC
PROGRAM SUPPORT
133,360
ORANGEWOOD FOUNDATION
1575 EAST 17TH STREET
SANTA ANA
,
CA
92705
PUBLIC
PROGRAM SUPPORT
5,000
PACIFIC SYMPHONY
17620 FITCH SUITE 100
IRVINE
,
CA
92614
PUBLIC
PROGRAM SUPPORT
50,000
POPULATION SERVICES INTERNATIONAL
1120 19TH STREET NW SUITE 600
WASHINGTON
,
DC
20036
PUBLIC
PROGRAM SUPPORT
25,550
RAVI & SHASHI BELLARE ARTS FOUNDATION
14865 SUMMIT TRAIL RD
CHINO HILLS
,
CA
91709
PUBLIC
PROGRAM SUPPORT
10,000
SAGE HILL SCHOOL
20402 NEWPORT COAST DRIVE
NEWPORT COAST
,
CA
92657
PUBLIC
PROGRAM SUPPORT
155,000
SAI EDUCARE TRUST
NO 10 GANDHI ST NEMILICHERY
CHROMEPET
CHENNAI
,
TAMIL NADU
600044
IN
PUBLIC
PROGRAM SUPPORT
10,001
SEWA INTERNATIONAL USA
PO BOX 820867
HOUSTON
,
TX
77282
PUBLIC
PROGRAM SUPPORT
25,000
SIKSHA FOUNDATION INC
160 EAST ARROW HIGHWAY
SAN DIMAS
,
CA
91773
PUBLIC
PROGRAM SUPPORT
10,000
SOCIETY OF RURAL ASSISTANCE OF INDIA
C/O JAWAHAR P SHAH 6532 N VISTA
STREET
SAN GABRIEL
,
CA
91775
PUBLIC
PROGRAM SUPPORT
2,500
SOUTH ASIAN HELP & REFERRAL AGENCY (SAHARA)
17100 PIONEER BLVD SUITE 260
ARTESIA
,
CA
90701
PUBLIC
PROGRAM SUPPORT
100,000
SOUTH COUNTY OUTREACH
7 WHATNEY SUITE B
IRVINE
,
CA
92618
PUBLIC
PROGRAM SUPPORT
5,000
ST MARGARET'S EPISCOPAL SCHOOL
3164 LA NOVIA
SAN JUAN CAPISTRANO
,
CA
92675
PUBLIC
PROGRAM SUPPORT
5,000
THE UCLA FOUNDATION
10920 WILSHIRE BOULEVARD SUITE 900
LOS ANGELES
,
CA
90024
PUBLIC
PROGRAM SUPPORT
1,000
TIE FOUNDATION
PO BOX 2472
MISSION VIEJO
,
CA
92690
PUBLIC
PROGRAM SUPPORT
5,000
UNIVERSITY OF CALIFORNIA IRVINE FOUNDATION
100 THEORY SUITE 250
IRVINE
,
CA
92617
PUBLIC
PROGRAM SUPPORT
250,000
VISTAS FOR CHILDREN
46 E PENINSULA CENTER DRIVE 295
ROLLING HILLS ESTATES
,
CA
90274
PUBLIC
PROGRAM SUPPORT
7,500
VITAMIN ANGEL ALLIANCE INC
111 W MICHELTORENA ST SUITE 300
SANTA BARBARA
,
CA
93101
PUBLIC
PROGRAM SUPPORT
1,016
VOICE OF SPECIALLY ABLED PEOPLE INC
22734 STAGG ST
WEST HILLS
,
CA
91304
PUBLIC
PROGRAM SUPPORT
25,000
WORLD WILDLIFE FUND
1250 24TH STREET NW
WASHINGTON
,
DC
20037
PUBLIC
PROGRAM SUPPORT
1,000
ABHAY BHUSHAN
3838 MUMFORD PLACE
PALO ALTO
,
CA
94306
INDIVIDUAL
PROGRAM SUPPORT
6,000
MENTAL HEALTH AMERICA
500 MONTGOMERY STREET SUITE 820
ALEXANDRIA
,
CA
22314
PUBLIC
PROGRAM SUPPORT
50
IN A PERFECT WORLD
8491 W SUNSET BLVD BOX 515
LOS ANGELES
,
CA
90069
PUBLIC
PROGRAM SUPPORT
41,000
ISLAND HARVEST
15 GRUMMAN ROAD W STE 1450
BETHPAGE
,
NY
11714
PUBLIC
PROGRAM SUPPORT
10,010
ANIMAL ASSISTANCE LEAGUE OF ORANGE COUNTY
15102 JACKSON STEET
MIDWAY CITY
,
CA
92655
PUBLIC
PROGRAM SUPPORT
12,000
GEORGETOWN UNIVERSITY
37TH O STREETS NW
WASHINGTON
,
DC
20057
PUBLIC
PROGRAM SUPPORT
5,000
BAL JAGAT CHILDREN'S WORLD INC
5199 EAST PACIFIC COAST HIGHWAY
SUITE 204
LONG BEACH
,
CA
90804
PUBLIC
PROGRAM SUPPORT
10,000
LALAFOFOFO INC
79 JENNINGS LANE
ATHERTON
,
CA
94027
PUBLIC
PROGRAM SUPPORT
80,000
NATIONAL ASIAN AMERICAN COMMUNITY FOUNDATION
4199 CAMPUS DRIVE SUITE 210
IRVINE
,
CA
92612
PUBLIC
PROGRAM SUPPORT
5,000
ORANGE COUNTY RONALD MCDONALD HOUSE
383 SOUTH BATAVIA STREET
ORANGE
,
CA
92863
PUBLIC
PROGRAM SUPPORT
5,000
SANTA MARGARITA CATHOLIC HIGH SCHOOL
C/O OFFICE OF ADVANCEMENT 22062
ANTONIO PARKWAY
RANCHO SANTA MARGARITA
,
CA
92688
PUBLIC
PROGRAM SUPPORT
5,000
CHARITIES AID FOUNDATION OF AMERICA
225 REINEKERS LANE SUITE 375
ALEXANDRIA
,
VA
22314
PROGRAM SUPPORT
1,000
UNITED SERVICE TO AFRICA
26388 ANTONIO CIRCLE
LOMA LINDA
,
CA
92354
PROGRAM SUPPORT
20,000
LAS FLORES ELEMENTARY SCHOOL
25862 ANTONIO PARKWAY
RANCHO SANTA MARGARITA
,
CA
92688
PROGRAM SUPPORT
25,000
NARIKA
PO BOX 1708
FREMONT
,
CA
94538
PROGRAM SUPPORT
10,000
X-PRIZE FOUNDATION
800 CORPORATE POINTE SUITE 350
CULVER CITY
,
CA
90230
PROGRAM SUPPORT
10,000
DASRA
ONE RIVERWAY SUITE 1900
HOUSTON
,
TX
77056
PROGRAM SUPPORT
32,000
LIFE GLOBAL INC
182 MORNINGSIDE RD
PARAMUS
,
NJ
076521600
PROGRAM SUPPORT
650,000
BRACKEN'S KITCHEN
13941 NAUTILUS DRIVE
GARDEN GROVE
,
CA
92843
PROGRAM SUPPORT
5,000
SUDARA FREEDOM FUND
1901 E 4TH STREET SUITE 100
SANTA ANA
,
CA
92705
PROGRAM SUPPORT
50,000
EVOLUTION HOSPITALITY
1211 PUERTA DEL SOL 170
SAN CLEMENTE
,
CA
92673
PROGRAM SUPPORT
513
BIDADA FOUNDATION
11403 TORTUGA STREET
CYPRESS
,
CA
90630
PROGRAM SUPPORT
5,000
H2H FOUNDATION
3641 HOMSTEAD ROAD 3146
SANTA CLARA
,
CA
95051
PROGRAM SUPPORT
6,000
MD AID FOUNDATION
531 LOIS DRIVE
AKRON
,
OH
44333
PROGRAM SUPPORT
25,000
NONPROFIT FINANCE FUND
5 HANOVER SQUARE 9TH FLOOR
NEW YORK
,
NY
100042650
PROGRAM SUPPORT
113,300
ISHA FOUNDATION
951 ISHA LANE
MCMINNVILLE
,
TN
37110
PROGRAM SUPPORT
5,000
ROTARY CLUB OF BAKERSFIELD
2507 TARBERT COURT
BAKERSFIELD
,
CA
93311
PROGRAM SUPPORT
30,000
HIGH SCHOOL INC ACADEMIES FOUNDATION
365-B CLINTON STREET
COSTA MESA
,
CA
92626
PROGRAM SUPPORT
5,000
GUJARATI SOCIETY OF SOUTHERN CALIFORNIA
15311 PIONEER BLVD
NORWALK
,
CA
90650
PROGRAM SUPPORT
7,500
ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY INC
300 FRANK OGAWA PLAZA SUITE 256
OAKLAND
,
CA
94612
PROGRAM SUPPORT
2,500
GRAMEEN AMERICA INC
150 WEST 30TH STREET 8TH FLOOR
NEW YORK
,
NY
10001
PROGRAM SUPPORT
250,000
WORLD CENTRAL KITCHEN INC
ATTN ERIN CORE 1342 FLORIDA AVENUE
NW
WASHINGTON
,
DC
20009
PROGRAM SUPPORT
200,000
THE CYSTINOSIS RESEARCH FOUNDATION
18802 BARDEEN AVENUE
IRVINE
,
CA
92612
PROGRAM SUPPORT
5,000
HOMIE STREET STORE
21296 BRUNSWICK STREET
FITROY MELBOURNE
,
VICTORIA
3065
AS
PROGRAM SUPPORT
100,000
STAYING ALIVE FOUNDATION INC
1515 BROADWAY FLOOR 32
NEW YORK
,
NY
10036
PROGRAM SUPPORT
150,000
ENTERTAINMENT INDUSTRY FOUNDATION
10880 WILSHIRE BLVD SUITE 1400
LOS ANGELES
,
CA
90024
PROGRAM SUPPORT
367,000
THE CHARACTER LAB
3401 MARKET STREET SUITE 202
PHILADELPHIA
,
PA
19104
PROGRAM SUPPORT
500,000
CLINTON FOUNDATION
1200 PRESIDENT CLINTON AVENUE
LITTLE ROCK
,
AR
72201
PROGRAM SUPPORT
275,000
WORLD EDUCATION SERVICES INC
ONE BATTERY PARK PLAZA 3RD FLOOR
NEW YORK
,
NY
10004
PROGRAM SUPPORT
643,750
NEW VENTURE FUND
1201 CONNECTICUT AVE NW SUITE 300
WASHINGTON
,
DC
20036
PROGRAM SUPPORT
1,000,000
INNER CITY ADVISORS
2323 BROADWAY
OAKLAND
,
CA
94612
PROGRAM SUPPORT
1,000,000
THE CENTER FOR REPRODUCTIVE RIGHTS
199 WATER STREET FLOOR 22
NEW YORK
,
NY
10038
PROGRAM SUPPORT
100,000
THE EMPOWERMENT PLAN
7640 KERCHEVAL AVENUE
DETROIT
,
MI
48214
PROGRAM SUPPORT
105,500
PLANNED PARENTHOOD FEDERATION OF AMERICA
123 WILLIAM STREET
NEW YORK
,
NY
10038
PROGRAM SUPPORT
100,000
Total
.................................
3a
11,333,912
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
1,225,808
4
Dividends and interest from securities
....
14
6,098,250
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
900099
839,118
18
1,048,545
8
Gain or (loss) from sales of assets other than
inventory
............
18
8,036,807
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)
..
839,118
16,409,410
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
17,248,528
(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)
Form 990-PF (2019)
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?
...........
Yes
No
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.
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)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description