-
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
The Waitte Foundation
Number and street (or P.O. box number if mail is not delivered to street address)
19 Glenridge Avenue
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Los Gatos
,
CA
95030
A Employer identification number
77-0527049
B
Telephone number (see instructions)
(408) 399-9168
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)
$
2,467,094
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
Check
.............
3
Interest on savings and temporary cash investments
201
201
4
Dividends and interest from securities
...
53,880
53,880
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
42,375
b
Gross sales price for all assets on line 6a
274,280
7
Capital gain net income (from Part IV, line 2)
...
42,375
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)
.......
12
Total.
Add lines 1 through 11
........
96,456
96,456
13
Compensation of officers, directors, trustees, etc.
22,754
22,754
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
2,500
2,500
b
Accounting fees (attach schedule)
.......
6,900
6,900
c
Other professional fees (attach schedule)
....
7,108
7,108
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
4,284
1,084
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
2,733
2,733
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
7,009
4,804
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
53,288
8,192
39,691
25
Contributions, gifts, grants paid
.......
38,700
38,700
26
Total expenses and disbursements.
Add lines 24 and 25
91,988
8,192
78,391
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
4,468
b
Net investment income
(if negative, enter -0-)
88,264
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
.............
2
Savings and temporary cash investments
.........
36,628
50,576
50,576
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)
Less: allowance for doubtful accounts
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)
.......
1,507,308
1,478,660
1,764,350
c
Investments—corporate bonds (attach schedule)
.......
625,754
644,922
652,168
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
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)
2,169,690
2,174,158
2,467,094
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
........
4,066,250
4,066,250
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
-1,896,560
-1,892,092
29
Total net assets or fund balances
(see instructions)
.....
2,169,690
2,174,158
30
Total liabilities and net assets/fund balances
(see instructions)
.
2,169,690
2,174,158
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
2,169,690
2
Enter amount from Part I, line 27a
.....................
2
4,468
3
Other increases not included in line 2 (itemize)
3
4
Add lines 1, 2, and 3
..........................
4
2,174,158
5
Decreases not included in line 2 (itemize)
5
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
2,174,158
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
1 ADOBE INC
P
2016-07-21
2019-12-18
b
4 ALTRIA GROUP INC
P
2017-02-07
2019-12-05
c
20 ALTRIA GROUP INC
P
2017-10-05
2019-12-05
d
5 GILEAD SCIENCES INC
P
2014-04-25
2019-12-04
e
10 GILEAD SCIENCES INC
P
2014-07-11
2019-12-04
8 GILEAD SCIENCES INC
P
2014-10-22
2019-12-04
7 CHECK POINT SOFTWARE TECH
P
2019-02-13
2019-12-03
10 XILINX INC
P
2016-05-24
2019-12-03
3 PHILLIPS 66
P
2019-07-24
2019-12-02
4 COSTCO WHOLESALE CORP
P
2017-08-09
2019-12-02
7 WALT DISNEY CO/THE
P
2014-10-22
2019-12-02
9 GILEAD SCIENCES INC
P
2014-04-25
2019-12-02
9 REGENCY CENTERS CORP
P
2018-10-05
2019-12-02
9 ROSS STORES INC
P
2017-05-05
2019-12-02
13 XILINX INC
P
2016-05-24
2019-12-02
16.875 AB SMALL CAP CORE PORTFOLIO ADV CL
P
2016-08-23
2019-11-26
30.621 AB SMALL CAP CORE PORTFOLIO ADV CL
P
2016-09-16
2019-11-26
58.8 AB DISCOVERY GRWTH FUND- AD
P
2015-10-02
2019-11-26
21 REGENCY CENTERS CORP
P
2018-10-05
2019-11-22
10 FNF GROUP
P
2018-06-14
2019-11-20
7 FNF GROUP
P
2018-08-01
2019-11-20
4 MID-AMERICA APARTMENT COMM
P
2017-06-14
2019-11-20
1 MID-AMERICA APARTMENT COMM
P
2017-08-17
2019-11-20
31 FNF GROUP
P
2018-06-14
2019-11-19
5 MID-AMERICA APARTMENT COMM
P
2017-06-14
2019-11-19
28 NISOURCE INC
P
2017-06-09
2019-11-19
59 NISOURCE INC
P
2018-09-25
2019-11-19
11 REGENCY CENTERS CORP
P
2018-10-05
2019-11-19
5 DISCOVERY INC-A
P
2019-06-20
2019-11-18
41 DISCOVERY INC-A
P
2019-06-24
2019-11-18
7 MID-AMERICA APARTMENT COMM
P
2017-06-14
2019-11-18
31 NISOURCE INC
P
2017-06-09
2019-11-18
15 DISCOVERY INC-A
P
2019-06-18
2019-11-15
29 DISCOVERY INC-A
P
2019-06-20
2019-11-15
3 EVEREST RE GROUP LTD
P
2018-01-04
2019-11-15
6 EVEREST RE GROUP LTD
P
2018-02-05
2019-11-15
1 EVEREST RE GROUP LTD
P
2018-02-06
2019-11-15
30 NISOURCE INC
P
2017-06-09
2019-11-15
29 SYNCHRONY FINANCIAL
P
2016-03-15
2019-11-15
22 SYNCHRONY FINANCIAL
P
2017-06-09
2019-11-15
37 DISCOVERY INC-A
P
2019-06-14
2019-11-14
11 DISCOVERY INC-A
P
2019-06-18
2019-11-14
4 NISOURCE INC
P
2017-02-15
2019-11-14
42 NISOURCE INC
P
2017-06-09
2019-11-14
22 SYNCHRONY FINANCIAL
P
2016-03-15
2019-11-14
9 ULTA BEAUTY INC
P
2018-11-12
2019-11-14
43 ELI LILLY & CO
P
2019-04-11
2019-11-13
10 MERCK & CO. INC.
P
2016-06-16
2019-11-13
3 MERCK & CO. INC.
P
2018-02-05
2019-11-13
5 ORACLE CORP
P
2016-07-21
2019-11-13
5 ORACLE CORP
P
2016-11-04
2019-11-13
5 ROSS STORES INC
P
2017-04-17
2019-11-13
5 ROSS STORES INC
P
2017-05-05
2019-11-13
2 COSTCO WHOLESALE CORP
P
2017-08-09
2019-11-13
27.256 BERNSTEIN INTERMEDIATE DURATION PORTFOLIO
P
2009-10-05
2019-10-22
1 BIOGEN INC
P
2017-08-09
2019-10-21
4 BIOGEN INC
P
2017-09-27
2019-10-21
4 BIOGEN INC
P
2012-08-30
2019-10-18
3 BIOGEN INC
P
2017-02-07
2019-10-18
4 BIOGEN INC
P
2017-08-09
2019-10-18
6 MAGNA INTERNATIONAL INC
P
2015-08-05
2019-10-17
3 CHECK POINT SOFTWARE TECH
P
2019-02-13
2019-09-27
8 MICROSOFT CORP
P
2015-05-01
2019-09-27
1 BOEING CO/THE
P
2017-08-09
2019-09-27
11 ROYAL DUTCH SHELL PLC-ADR
P
2019-01-04
2019-09-19
750.639 AB INTERNATIONAL STRATEGIC EQUITIES PORTFOLIO - ADV CL
P
2016-09-23
2019-09-19
170.444 AB INTERNATIONAL SMALL CAP PORTFOLIO - ADV CL
P
2016-09-23
2019-09-19
166.515 OVERLAY B PORTFOLIO CLASS 1
P
2010-11-24
2019-09-19
806.169 OVERLAY A PORTFOLIO CLASS 1
P
2010-11-24
2019-09-19
346.863 BERNSTEIN INTERNATIONAL PORT
P
2008-12-03
2019-09-19
44.596 AB EMERGING MARKETS PORT
P
2010-11-24
2019-09-19
13 TJX COMPANIES INC
P
2017-06-02
2019-09-19
8 TEXAS INSTRUMENTS INC
P
2017-06-09
2019-09-19
3 UNITEDHEALTH GROUP INC
P
2015-10-13
2019-09-19
12 VERIZON COMMUNICATIONS INC
P
2018-05-25
2019-09-19
7 VISA INC - CLASS A SHARES
P
2012-06-26
2019-09-19
5 WELLS FARGO & COMPANY
P
2014-06-24
2019-09-19
15 WELLS FARGO & COMPANY
P
2015-09-11
2019-09-19
5 WALMART INC
P
2018-02-15
2019-09-19
7 XILINX INC
P
2016-05-24
2019-09-19
91.711 AB DISCOVERY VALUE-ADV
P
2015-05-04
2019-09-19
44.046 AB DISCOVERY VALUE-ADV
P
2015-07-21
2019-09-19
14 ALTRIA GROUP INC
P
2017-02-07
2019-09-19
152.646 AB DISCOVERY GRWTH FUND- AD
P
2015-09-08
2019-09-19
11.738 AB DISCOVERY GRWTH FUND- AD
P
2015-10-02
2019-09-19
3 ANTHEM INC
P
2018-03-08
2019-09-19
1 ALPHABET INC-CL C
P
2017-02-07
2019-09-19
7 APPLE INC
P
2015-03-24
2019-09-19
1 AUTOZONE INC
P
2018-05-18
2019-09-19
25 BANK OF AMERICA CORP
P
2015-08-05
2019-09-19
3 BERKSHIRE HATHAWAY INC-CL B
P
2018-08-01
2019-09-19
191.083 AB SMALL CAP CORE PORTFOLIO ADV CL
P
2016-08-23
2019-09-19
2 COSTCO WHOLESALE CORP
P
2017-08-09
2019-09-19
7 CHEVRON CORP
P
2018-02-05
2019-09-19
8 COMCAST CORP-CLASS A
P
2013-11-27
2019-09-19
12 COMCAST CORP-CLASS A
P
2014-02-28
2019-09-19
15 CBRE GROUP INC
P
2018-05-11
2019-09-19
20 CUBESMART
P
2018-07-12
2019-09-19
12 DELTA AIR LINES INC
P
2016-07-21
2019-09-19
6 WALT DISNEY CO/THE
P
2014-10-22
2019-09-19
1 EDWARDS LIFESCIENCES
P
2017-03-28
2019-09-19
2 EDWARDS LIFESCIENCES
P
2017-12-20
2019-09-19
3 FIDELITY NATIONAL INFORMATION
P
2018-08-01
2019-09-19
2 FIDELITY NATIONAL INFORMATION
P
2018-09-11
2019-09-19
7 FACEBOOK INC-A
P
2015-02-10
2019-09-19
15 FNF GROUP
P
2018-06-14
2019-09-19
4 GOLDMAN SACHS GROUP INC
P
2017-03-28
2019-09-19
12 GILEAD SCIENCES INC
P
2014-04-25
2019-09-19
1 HOME DEPOT INC
P
2012-07-13
2019-09-19
3 HOME DEPOT INC
P
2012-08-20
2019-09-19
7 JPMORGAN CHASE & CO
P
2017-06-26
2019-09-19
6 MID-AMERICA APARTMENT COMM
P
2017-06-14
2019-09-19
33 NISOURCE INC
P
2017-02-15
2019-09-19
6 NIKE INC -CL B
P
2016-06-06
2019-09-19
2 NIKE INC -CL B
P
2017-06-02
2019-09-19
4 NORFOLK SOUTHERN CORP
P
2017-03-28
2019-09-19
15 ORACLE CORP
P
2016-07-21
2019-09-19
6 PEPSICO INC
P
2015-06-11
2019-09-19
21 PFIZER INC
P
2013-06-10
2019-09-19
7 PROCTER & GAMBLE CO/THE
P
2017-03-28
2019-09-19
10 PROGRESSIVE CORP
P
2016-08-09
2019-09-19
3 RAYTHEON COMPANY
P
2018-02-15
2019-09-19
2 DOLLAR GENERAL CORP
P
2019-01-04
2019-09-05
40 CUBESMART
P
2018-07-12
2019-09-05
33 BERRY GLOBAL GROUP INC
P
2019-06-18
2019-08-29
15 BERRY GLOBAL GROUP INC
P
2019-07-02
2019-08-29
13 VMWARE INC-CLASS A
P
2019-02-13
2019-08-29
10 VMWARE INC-CLASS A
P
2019-02-14
2019-08-29
2 CHEVRON CORP
P
2018-01-18
2019-08-29
9 CHEVRON CORP
P
2018-02-05
2019-08-29
11 WALT DISNEY CO/THE
P
2014-10-22
2019-08-29
14 ORACLE CORP
P
2016-07-21
2019-08-29
15 TJX COMPANIES INC
P
2017-06-02
2019-08-29
8 APPLE INC
P
2014-05-07
2019-08-29
6 VERIZON COMMUNICATIONS INC
P
2018-05-25
2019-08-22
3 FIDELITY NATIONAL INFORMATION
P
2018-08-01
2019-08-09
1 BOEING CO/THE
P
2017-08-09
2019-08-01
3 CHEVRON CORP
P
2018-01-18
2019-08-01
7 MAGNA INTERNATIONAL INC
P
2015-08-05
2019-08-01
3 PEPSICO INC
P
2015-06-11
2019-08-01
4 PROCTER & GAMBLE CO/THE
P
2017-03-28
2019-08-01
31 US FOODS HOLDING CORP
P
2018-08-07
2019-07-25
29 US FOODS HOLDING CORP
P
2018-09-25
2019-07-25
27.798 BERNSTEIN INTERMEDIATE DURATION PORTFOLIO
P
2009-10-05
2019-07-23
18 DOLLAR GENERAL CORP
P
2019-01-04
2019-07-18
40 FNF GROUP
P
2017-09-20
2019-07-18
2 FNF GROUP
P
2018-06-14
2019-07-18
10 T-MOBILE US INC
P
2016-11-04
2019-07-18
17 T-MOBILE US INC
P
2018-02-15
2019-07-18
9 VISA INC - CLASS A SHARES
P
2012-06-26
2019-07-18
4 T-MOBILE US INC
P
2016-09-16
2019-06-24
22 T-MOBILE US INC
P
2016-11-04
2019-06-24
23 XEROX CORP
P
2019-01-25
2019-06-19
5 XEROX CORP
P
2019-01-25
2019-06-18
33 XEROX CORP
P
2016-01-07
2019-06-18
38 XEROX CORP
P
2016-01-07
2019-06-17
38 NATIONAL OILWELL VARCO INC
P
2018-10-09
2019-06-14
6 NATIONAL OILWELL VARCO INC
P
2018-09-11
2019-06-13
40 NATIONAL OILWELL VARCO INC
P
2018-09-12
2019-06-13
7 NATIONAL OILWELL VARCO INC
P
2018-10-09
2019-06-13
5 MCDONALD'S CORP
P
2017-05-23
2019-06-13
7 MCDONALD'S CORP
P
2018-04-12
2019-06-13
3 RAYTHEON COMPANY
P
2017-10-05
2019-06-13
4 RAYTHEON COMPANY
P
2018-02-15
2019-06-13
16 COGNIZANT TECH SOLUTIONS-A
P
2018-06-20
2019-06-12
9 FIDELITY NATIONAL INFORMATION
P
2018-08-01
2019-06-12
132 TEVA PHARMACEUTICAL-SP ADR
P
2019-01-25
2019-06-12
6 MCDONALD'S CORP
P
2017-04-26
2019-06-12
5 MCDONALD'S CORP
P
2017-05-23
2019-06-12
21 PFIZER INC
P
2013-06-10
2019-06-12
10 RAYTHEON COMPANY
P
2017-08-09
2019-06-12
3 RAYTHEON COMPANY
P
2017-10-05
2019-06-12
31 COGNIZANT TECH SOLUTIONS-A
P
2018-04-12
2019-06-12
2 COSTCO WHOLESALE CORP
P
2016-06-06
2019-05-24
1 COSTCO WHOLESALE CORP
P
2017-08-09
2019-05-24
6 S&P GLOBAL INC
P
2017-09-27
2019-05-17
5 EVEREST RE GROUP LTD
P
2018-01-04
2019-05-16
1 S&P GLOBAL INC
P
2017-07-14
2019-05-16
2 S&P GLOBAL INC
P
2017-09-27
2019-05-16
300 NOKIA CORP-SPON ADR
P
2018-05-18
2019-05-15
296 NOKIA CORP-SPON ADR
P
2017-08-09
2019-05-15
2 NORTHROP GRUMMAN CORP
P
2015-06-11
2019-05-15
6 S&P GLOBAL INC
P
2017-07-14
2019-05-15
24 EXXON MOBIL CORP
P
2018-08-31
2019-05-14
20 EXXON MOBIL CORP
P
2018-09-11
2019-05-14
12 NIKE INC -CL B
P
2016-06-06
2019-05-14
8 NORTHROP GRUMMAN CORP
P
2015-06-11
2019-05-14
17 ZOETIS INC
P
2017-08-30
2019-05-14
4 EXXON MOBIL CORP
P
2017-12-20
2019-05-14
5 BERKSHIRE HATHAWAY INC-CL B
P
2018-08-01
2019-04-30
9 REGENCY CENTERS CORP
P
2018-10-05
2019-04-30
11 ROSS STORES INC
P
2017-04-17
2019-04-30
12 TJX COMPANIES INC
P
2017-06-02
2019-04-30
2 UNITEDHEALTH GROUP INC
P
2015-09-01
2019-04-30
1 UNITEDHEALTH GROUP INC
P
2015-10-13
2019-04-30
5 VISA INC - CLASS A SHARES
P
2012-06-26
2019-04-30
5 WALMART INC
P
2017-10-05
2019-04-30
3 WALMART INC
P
2018-02-15
2019-04-30
68.666 AB SMALL CAP CORE PORTFOLIO ADV CL
P
2016-08-08
2019-04-30
148.298 AB SMALL CAP CORE PORTFOLIO ADV CL
P
2016-08-23
2019-04-30
3 COSTCO WHOLESALE CORP
P
2016-06-06
2019-04-30
26 COMCAST CORP-CLASS A
P
2013-11-27
2019-04-30
3 EVEREST RE GROUP LTD
P
2018-01-04
2019-04-30
5 FACEBOOK INC-A
P
2015-02-10
2019-04-30
4 HONEYWELL INTERNATIONAL INC
P
2016-05-05
2019-04-30
4 HOME DEPOT INC
P
2012-07-13
2019-04-30
9 JPMORGAN CHASE & CO
P
2017-06-14
2019-04-30
3 JPMORGAN CHASE & CO
P
2017-06-26
2019-04-30
7 MID-AMERICA APARTMENT COMM
P
2017-06-14
2019-04-30
15 MICROSOFT CORP
P
2015-05-01
2019-04-30
7 NIKE INC -CL B
P
2016-06-06
2019-04-30
12 ORACLE CORP
P
2016-07-21
2019-04-30
18 PFIZER INC
P
2013-06-10
2019-04-30
67.916 AB DISCOVERY VALUE-ADV
P
2015-05-04
2019-04-30
172.957 AB DISCOVERY GRWTH FUND- AD
P
2015-05-04
2019-04-30
86.313 AB DISCOVERY GRWTH FUND- AD
P
2015-08-20
2019-04-30
82.132 AB DISCOVERY GRWTH FUND- AD
P
2015-09-08
2019-04-30
1 ALPHABET INC-CL C
P
2017-02-07
2019-04-30
7 APPLE INC
P
2014-05-07
2019-04-30
29 BANK OF AMERICA CORP
P
2015-08-05
2019-04-30
31 XEROX CORP
P
2014-04-25
2019-04-24
11 XEROX CORP
P
2016-01-07
2019-04-24
28.35 BERNSTEIN INTERMEDIATE DURATION PORTFOLIO
P
2009-10-05
2019-04-23
12 MEDTRONIC PLC
P
2017-06-02
2019-04-11
12 MEDTRONIC PLC
P
2017-06-09
2019-04-11
34 HP INC
P
2019-03-19
2019-04-10
21 MARATHON PETROLEUM CORP
P
2018-06-20
2019-04-10
18 MEDTRONIC PLC
P
2017-06-02
2019-04-10
39 HP INC
P
2012-03-23
2019-04-10
56 HP INC
P
2016-08-09
2019-04-10
1 AUTOZONE INC
P
2018-05-18
2019-04-09
12 MARATHON PETROLEUM CORP
P
2018-06-20
2019-04-09
21 TJX COMPANIES INC
P
2017-06-02
2019-04-09
3 BOEING CO/THE
P
2017-08-09
2019-04-09
39 HP INC
P
2012-03-07
2019-04-09
11 HP INC
P
2012-03-23
2019-04-09
5 HOME DEPOT INC
P
2012-07-13
2019-04-09
10 ADOBE INC
P
2016-07-21
2019-04-09
20 XEROX CORP
P
2014-02-03
2019-03-26
13 TOTAL SYSTEM SERVICES INC
P
2018-03-07
2019-03-18
14 MAGNA INTERNATIONAL INC
P
2015-08-05
2019-03-15
9 TOTAL SYSTEM SERVICES INC
P
2018-03-07
2019-03-15
10 TOTAL SYSTEM SERVICES INC
P
2018-03-07
2019-03-14
21 COMCAST CORP-CLASS A
P
2013-11-27
2019-03-13
12 TOTAL SYSTEM SERVICES INC
P
2018-03-07
2019-03-13
57.94 AB DISCOVERY GRWTH FUND- AD
P
2015-05-04
2019-03-01
10 LYONDELLBASELL INDU-CL A
P
2018-10-23
2019-02-13
4 CONSTELLATION BRANDS INC-A
P
2018-05-18
2019-02-12
9 CONSTELLATION BRANDS INC-A
P
2018-06-08
2019-02-12
24 LYONDELLBASELL INDU-CL A
P
2018-09-11
2019-02-12
4 LYONDELLBASELL INDU-CL A
P
2018-10-23
2019-02-12
4 ANTHEM INC
P
2018-03-07
2019-02-11
3 ANTHEM INC
P
2018-03-08
2019-02-11
9 CONSTELLATION BRANDS INC-A
P
2018-05-18
2019-02-11
4 LYONDELLBASELL INDU-CL A
P
2018-08-20
2019-02-11
10 LYONDELLBASELL INDU-CL A
P
2018-08-21
2019-02-11
2 LYONDELLBASELL INDU-CL A
P
2018-09-11
2019-02-11
11 MARATHON PETROLEUM CORP
P
2018-06-20
2019-02-11
5 MCDONALD'S CORP
P
2017-04-26
2019-02-11
5 NORTHROP GRUMMAN CORP
P
2015-06-04
2019-02-11
4 NORTHROP GRUMMAN CORP
P
2015-06-11
2019-02-11
3 UNITEDHEALTH GROUP INC
P
2015-09-01
2019-02-11
13 MARATHON PETROLEUM CORP
P
2017-06-02
2019-02-11
10 JPMORGAN CHASE & CO
P
2017-05-05
2019-02-11
1 JPMORGAN CHASE & CO
P
2017-06-14
2019-02-11
15 SUN COMMUNITIES INC
P
2018-06-20
2019-01-29
14 SUN COMMUNITIES INC
P
2018-05-15
2019-01-28
2 SUN COMMUNITIES INC
P
2018-06-20
2019-01-28
8 SUN COMMUNITIES INC
P
2018-05-15
2019-01-25
7 SUN COMMUNITIES INC
P
2018-05-15
2019-01-23
29.994 BERNSTEIN INTERMEDIATE DURATION PORTFOLIO
P
2009-10-05
2019-01-23
7 AMERICAN ELECTRIC POWER
P
2014-10-22
2019-01-23
32 AMERICAN ELECTRIC POWER
P
2015-02-18
2019-01-23
3 AMERICAN ELECTRIC POWER
P
2016-02-11
2019-01-23
37 INTEL CORP
P
2018-06-20
2019-01-22
16 INTEL CORP
P
2018-11-20
2019-01-22
29 INTEL CORP
P
2018-02-05
2019-01-18
18 INTEL CORP
P
2018-06-20
2019-01-18
9 INTEL CORP
P
2016-11-17
2019-01-18
7 WALMART INC
P
2017-06-09
2019-01-18
7 WALMART INC
P
2017-10-05
2019-01-18
Capital Gain Dividends
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
325
96
229
b
200
288
-88
c
998
1,276
-278
d
331
373
-42
e
662
888
-226
530
850
-320
798
830
-32
881
464
417
344
306
38
1,182
628
554
1,052
613
439
595
672
-77
580
568
12
1,046
583
463
1,175
603
572
195
177
18
355
314
41
725
539
186
1,346
1,325
21
479
382
97
335
283
52
552
435
117
138
107
31
1,488
1,186
302
688
544
144
734
718
16
1,547
1,469
78
716
694
22
153
153
1,251
1,264
-13
967
761
206
819
795
24
449
446
3
868
889
-21
800
666
134
1,601
1,368
233
267
239
28
791
769
22
1,075
810
265
816
634
182
1,110
1,079
31
330
327
3
105
88
17
1,107
1,077
30
809
614
195
2,188
2,795
-607
4,851
5,465
-614
848
571
277
254
175
79
281
205
76
281
192
89
557
316
241
557
324
233
607
314
293
368
360
8
223
288
-65
890
1,250
-360
888
537
351
666
798
-132
888
1,152
-264
319
333
-14
323
356
-33
1,102
390
712
384
235
149
648
680
-32
8,805
7,927
878
1,805
1,856
-51
1,825
1,810
15
10,585
9,069
1,516
5,640
4,051
1,589
1,180
1,452
-272
734
489
245
1,035
658
377
699
375
324
719
582
137
1,234
215
1,019
246
263
-17
738
783
-45
587
515
72
728
325
403
1,854
1,952
-98
891
915
-24
551
1,009
-458
1,783
1,479
304
137
108
29
769
689
80
1,239
807
432
1,550
890
660
1,160
646
514
750
449
301
629
595
34
2,100
2,001
99
573
314
259
867
819
48
374
198
176
561
312
249
808
705
103
714
642
72
708
465
243
805
525
280
216
94
122
432
229
203
402
310
92
268
218
50
1,328
525
803
657
574
83
867
914
-47
792
895
-103
229
52
177
688
169
519
838
612
226
778
652
126
972
730
242
526
326
200
175
106
69
732
453
279
803
616
187
812
565
247
767
598
169
854
635
219
759
342
417
601
650
-49
320
217
103
1,431
1,285
146
1,291
1,708
-417
587
803
-216
1,759
2,162
-403
1,353
1,688
-335
235
263
-28
1,055
1,053
2
1,518
963
555
735
575
160
824
564
260
1,670
676
994
340
291
49
409
310
99
340
235
105
365
395
-30
341
389
-48
383
283
100
472
363
109
1,070
1,041
29
1,001
895
106
371
367
4
2,560
1,957
603
1,709
1,401
308
85
76
9
776
496
280
1,320
1,001
319
1,614
277
1,337
302
188
114
1,663
1,091
572
801
560
241
174
122
52
1,150
863
287
1,303
994
309
760
1,744
-984
125
265
-140
831
1,801
-970
145
321
-176
1,022
741
281
1,430
1,148
282
519
560
-41
692
867
-175
1,003
1,257
-254
1,091
930
161
1,133
2,584
-1,451
1,228
848
380
1,023
740
283
895
598
297
1,757
1,787
-30
527
561
-34
1,944
2,518
-574
497
304
193
249
157
92
1,280
930
350
1,254
1,110
144
215
149
66
430
310
120
1,432
1,859
-427
1,413
1,882
-469
589
321
268
1,270
896
374
1,826
1,920
-94
1,522
1,653
-131
1,001
653
348
2,380
1,282
1,098
1,731
1,054
677
304
332
-28
1,081
991
90
605
568
37
1,074
696
378
657
452
205
467
227
240
233
125
108
822
154
668
514
398
116
308
309
-1
769
709
60
1,661
1,553
108
737
456
281
1,126
645
481
702
666
36
969
375
594
695
432
263
811
208
603
1,040
775
265
347
262
85
763
761
2
1,954
731
1,223
614
381
233
660
493
167
735
512
223
1,395
1,445
-50
2,072
1,735
337
1,034
845
189
984
796
188
1,182
807
375
1,408
592
816
886
521
365
1,053
978
75
374
288
86
370
375
-5
1,058
1,030
28
1,058
1,035
23
674
686
-12
1,323
1,566
-243
1,602
1,545
57
773
411
362
1,109
800
309
1,044
646
398
749
895
-146
1,132
790
342
1,105
705
400
763
432
331
215
116
99
1,005
260
745
2,686
964
1,722
634
559
75
1,218
1,152
66
684
777
-93
847
798
49
940
886
54
830
521
309
1,134
1,064
70
675
581
94
855
903
-48
688
882
-194
1,549
2,033
-484
2,052
2,557
-505
342
361
-19
1,212
926
286
909
689
220
1,552
1,985
-433
335
457
-122
838
1,154
-316
168
213
-45
690
820
-130
874
707
167
1,406
798
608
1,125
641
484
776
340
436
815
688
127
1,011
866
145
101
86
15
1,605
1,430
175
1,485
1,295
190
212
193
19
842
740
102
733
647
86
385
397
-12
538
391
147
2,460
1,862
598
231
185
46
1,793
1,970
-177
775
760
15
1,425
1,349
76
885
958
-73
442
315
127
684
555
129
684
557
127
3,281
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
229
b
-88
c
-278
d
-42
e
-226
-320
-32
417
38
554
439
-77
12
463
572
18
41
186
21
97
52
117
31
302
144
16
78
22
-13
206
24
3
-21
134
233
28
22
265
182
31
3
17
30
195
-607
-614
277
79
76
89
241
233
293
8
-65
-360
351
-132
-264
-14
-33
712
149
-32
878
-51
15
1,516
1,589
-272
245
377
324
137
1,019
-17
-45
72
403
-98
-24
-458
304
29
80
432
660
514
301
34
99
259
48
176
249
103
72
243
280
122
203
92
50
803
83
-47
-103
177
519
226
126
242
200
69
279
187
247
169
219
417
-49
103
146
-417
-216
-403
-335
-28
2
555
160
260
994
49
99
105
-30
-48
100
109
29
106
4
603
308
9
280
319
1,337
114
572
241
52
287
309
-984
-140
-970
-176
281
282
-41
-175
-254
161
-1,451
380
283
297
-30
-34
-574
193
92
350
144
66
120
-427
-469
268
374
-94
-131
348
1,098
677
-28
90
37
378
205
240
108
668
116
-1
60
108
281
481
36
594
263
603
265
85
2
1,223
233
167
223
-50
337
189
188
375
816
365
75
86
-5
28
23
-12
-243
57
362
309
398
-146
342
400
331
99
745
1,722
75
66
-93
49
54
309
70
94
-48
-194
-484
-505
-19
286
220
-433
-122
-316
-45
-130
167
608
484
436
127
145
15
175
190
19
102
86
-12
147
598
46
-177
15
76
-73
127
129
127
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
42,375
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
-6,626
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
127,251
2,306,694
0.05517
2017
141,650
2,342,218
0.06048
2016
132,041
2,242,321
0.05889
2015
117,778
2,358,648
0.04994
2014
115,365
2,254,927
0.05116
2
Total
of line 1, column (d)
.....................
2
0.275625
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
0.055125
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
2,294,932
5
Multiply line 4 by line 3
......................
5
126,508
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
883
7
Add lines 5 and 6
........................
7
127,391
8
Enter qualifying distributions from Part XII, line 4
,.............
8
78,391
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
1,765
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
3
Add lines 1 and 2
...........................
3
1,765
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
1,765
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
2,592
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
2,592
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
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
827
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
827
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
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
No
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
http://www.ag.ca.gov/charities/
14
The books are in care of
Geoffrey L Lamb CPA
Telephone no.
(408) 371-6883
Located at
2155 S Bascom Ave Ste 105
Campbell
CA
ZIP+4
95008
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
Carol E Waitte
Dir/Pres
10.00
0
14,812
19 Glenridge Ave
Los Gatos
,
CA
95030
Barry K Waitte
Dir/Treas
6.00
0
7,942
1400 Yount Mill Road
Napa
,
CA
94558
Tobey E D Fitch
Director
4.00
0
19 Glenridge Ave
Los Gatos
,
CA
95030
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
...................
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
.............
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
.........................
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
2,286,278
b
Average of monthly cash balances
.......................
1b
43,602
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
2,329,880
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
3
Subtract line 2 from line 1d
.........................
3
2,329,880
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
34,948
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
2,294,932
6
Minimum investment return.
Enter 5% of line 5
..................
6
114,747
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
114,747
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
1,765
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
1,765
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
112,982
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
112,982
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
112,982
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
78,391
b
Program-related investments—total from Part IX-B
..................
1b
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
78,391
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
78,391
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
112,982
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
6,675
b
From 2015
......
2,706
c
From 2016
......
20,553
d
From 2017
......
27,011
e
From 2018
......
15,628
f
Total
of lines 3a through e
........
72,573
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
78,391
a
Applied to 2018, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
78,391
e
Remaining amount distributed out of corpus
5
Excess distributions carryover applied to 2019.
34,591
34,591
(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
37,982
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
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)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
37,982
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
22,354
d
Excess from 2018
....
15,628
e
Excess from 2019
....
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).)
Carol E Waitte
Barry K Waitte
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
Creativity Explored
3245 16th Street
San Francisco
,
CA
94103
None
Public
Community Programs
13,500
Los Gatos Morning Rotary
PO Box 282
Los Gatos
,
CA
95031
None
Public
Community Programs
2,500
PlayWrite Inc
PO Box 13420
Portland
,
OR
97213
None
Public
Community Programs
5,000
Rotary Foundation
20660 Stevens Creek Blvd 313
Cupertino
,
CA
95014
None
Public
Community Programs
500
District 5170 Foundation
2570 N First Street Ste 200
San Jose
,
CA
95131
None
Public
Community Programs
1,000
California Polytechnic State Univ
Main Campus
San Luis Obispo
,
CA
93407
None
Public
Public education
10,000
Giant Steps
1320 Commerce St Ste A
Petaluma
,
CA
94954
None
Public
Community Programs
2,200
St Luke's Pantry Program
20 University Ave
Los Gatos
,
CA
95030
None
Public
Community Programs
2,000
Grateful Garment Program
1777 Hamilton Ave 2280
San Jose
,
CA
95125
None
Public
Community Programs
2,000
Total
.................................
3a
38,700
b
Approved for future payment
Total
.................................
3b
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
201
4
Dividends and interest from securities
....
14
53,880
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
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
42,375
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)
..
96,456
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
96,456
(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:
19009920
Software Version:
2019v5.0
Form 990PF - Special Condition Description:
Special Condition Description