TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
BETTMAN F & M FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

93-6033920

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$3,896,446J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	78,021		77,249
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-3,219
b	Gross sales price for all assets on line 6a 502,312
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		2,477	2,477
12	Total. Add lines 1 through 11........	77,279		79,726
13	Compensation of officers, directors, trustees, etc.	45,986		41,387		4,599
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		950	0	0	950
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,802	2,228		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		481	31		450
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	51,219		43,646	0	5,999
25	Contributions, gifts, grants paid.......	177,002				177,002
26	Total expenses and disbursements. Add lines 24 and 25	228,221		43,646	0	183,001
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-150,942
b	Net investment income (if negative, enter -0-)			36,080
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	521	644	644
	2	Savings and temporary cash investments.........	100,425	54,190	54,190
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......		727,508	1,194,043
	c	Investments—corporate bonds (attach schedule).......		31,881	36,522
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,901,797	2,036,210	2,611,047
	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)	3,002,743	2,850,433	3,896,446
	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........	3,002,743	2,850,433
	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).....	3,002,743	2,850,433
	30	Total liabilities and net assets/fund balances (see instructions).	3,002,743	2,850,433

Part III

Analysis of Changes in Net Assets or Fund Balances

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

3,002,743

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

-150,942

Other increases not included in line 2 (itemize) bullet

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

2,851,838

Decreases not included in line 2 (itemize) bullet

1,405

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

2,850,433

Form 990-PF (2020)

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	761.615 BROOKFIELD GL LISTED RE-Y #2065		2018-06-04	2020-04-14
b	366. EPR PROPERTIES			2020-04-14
c	1418. ISHARES MSCI AUSTRALIA ETF			2020-04-14
d	1200. ISHARES 1-3 YEAR TREASURY BOND			2020-04-14
e	378. KIMCO RLTY CORP		2016-12-28	2020-04-14
	5094.445 BOSTON P LNG/SHRT RES-INS 7015		2013-08-20	2020-04-14
	2981.284 TMPLTN EM MRKT SM CAP-R6 #8426			2020-04-14
	100. EOG RESOURCES, INC			2020-04-24
	74. HOME DEPOT INC			2020-04-24
	130. PNC FINANCIAL SERVICES GROUP			2020-04-24
	275. SUNCOR ENERGY INC NEW F			2020-04-24
	110. TORONTO DOMINION BK ONT COM NEW		2019-11-08	2020-04-24
	110. EATON CORP PLC			2020-04-24
	.11 RAYTHEON TECHNOLOGIES CORP		2019-11-08	2020-04-29
	240. AT & T INC		2019-11-08	2020-10-29
	35. AT & T INC		2018-02-26	2020-10-29
	145. APPLE INC		2011-06-29	2020-10-29
	78. CME GROUP INC			2020-10-29
	60. NIKE INC CL B		2018-02-26	2020-10-29
	150. TJX COMPANIES INC		2018-06-20	2020-10-29
	95. ZOETIS INC			2020-10-29
	5497.092 BLACKROCK GL L/S CREDIT-K #1940			2020-11-06
	730. ISHARES 1-3 YEAR TREASURY BOND			2020-11-06
	998.757 CRM SMALL CAP VALUE FD- I #031			2020-11-06
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	7,837	9,859	-2,022
b	8,639	15,857	-7,218
c	24,212	30,840	-6,628
d	103,912	101,476	2,436
e	4,074	9,184	-5,110
	68,317	68,520	-203
	28,620	34,523	-5,903
	4,329	11,845	-7,516
	15,271	5,571	9,700
	12,834	19,094	-6,260
	4,287	9,646	-5,359
	4,210	6,357	-2,147
	8,569	7,767	802
	7	10	-3
	6,463	9,444	-2,981
	942	1,304	-362
	16,914	1,731	15,183
	11,773	7,357	4,416
	7,434	4,173	3,261
	7,833	7,240	593
	15,393	8,315	7,078
	54,421	54,000	421
	63,041	61,418	1,623
	14,063	20,000	-5,937
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917
			8,917

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-2,022
b			-7,218
c			-6,628
d			2,436
e			-5,110
			-203
			-5,903
			-7,516
			9,700
			-6,260
			-5,359
			-2,147
			802
			-3
			-2,981
			-362
			15,183
			4,416
			3,261
			593
			7,078
			421
			1,623
			-5,937

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	-3,219
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

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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	Reserved................................	1	502
c	All other domestic foundations enter 1.39% 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	502
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	502
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,456
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,456
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	954
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax504	Refunded	11	450

Part VII-A

Statements Regarding Activities

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

Yes

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

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

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

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

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

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

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	TRUSTEE 1	45,986
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	45,986

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 (2020)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

3,449,590

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

77,951

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

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

3,527,541

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

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

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

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

3,527,541

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

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

52,913

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

3,474,628

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

173,731

Part XI

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

and do not complete this part.)

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

173,731

Tax on investment income for 2020 from Part VI, line 5......

502

Income tax for 2020. (This does not include the tax from Part VI.)...

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

502

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

173,229

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

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

173,229

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

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

173,229

Part XII

Qualifying Distributions (see instructions)

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

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

183,001

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

183,001

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

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

183,001

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					173,229
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				164,994
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 183,001
a Applied to 2019, but not more than line 2a				164,994
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 2020 distributable amount.....					18,007
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					155,222
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 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

NONE

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

NONE

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
OHSU FOUNDATION 1121 SW SALMON ST STE 100 PORTLAND,OR97205	NONE	PC	GENERAL SUPPORT GRANT	25,286
SHRINERS HOSPITALS FOR CHILDREN 2900 N ROCKY POINT TAMPA,FL336313356	NONE	PC	GENERAL SUPPORT GRANT	25,286
BOYS AND GIRLS AID SOCIETY 9320 SW BARBUR BLVD STE 200 PORTLAND,OR97219	NONE	PC	GENERAL SUPPORT GRANT	25,286
CONGREGATION BETH ISRAEL 1972 NW FLANDERS PORTLAND,OR97223	NONE	PC	GENERAL SUPPORT GRANT	25,286
ROBISON JEWISH HOME 6125 SW BOUNDARY ST PORTLAND,OR97221	NONE	PC	GENERAL SUPPORT GRANT	25,286
CHILDRENS FARM HOMES SERVICES INC 3415 SE POWELL BLVD PORTLAND,OR97202	NONE	PC	GENERAL SUPPORT GRANT	25,286
CITY OF HOPE 1500 E DUARTE RD DUARTE,CA91010	NONE	PC	GENERAL SUPPORT GRANT	25,286
Total ................................. 3a				177,002

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	78,021
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	-3,219
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	2,477
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				77,279

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

77,279

(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 (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. 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 (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	950			950

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Name of Bond	End of Year Book Value	End of Year Fair Market Value
06051GEM7 BANK OF AMERICA CORP	24,897	26,422
375558AS2 GILEAD SCIENCES INC	6,984	10,100

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Name of Stock	End of Year Book Value	End of Year Fair Market Value
654106103 NIKE INC CL B	10,975	26,879
75513E101 RAYTHEON TECHNOLOGIE	21,434	19,665
037833100 APPLE INC	8,298	92,220
25243Q205 DIAGEO PLC - ADR	20,102	23,027
56501R106 MANULIFE FINANCIAL C	26,740	31,809
150870103 CELANESE CORP	18,452	27,417
871829107 SYSCO CORP	18,194	24,877
883556102 THERMO FISHER SCIENT	6,272	25,618
92826C839 VISA INC-CLASS A SHR	13,180	17,498
517834107 LAS VEGAS SANDS CORP	15,250	14,900
609207105 MONDELEZ INTERNATION	16,955	22,511
46625H100 JPMORGAN CHASE & CO	19,417	34,563
02079K107 ALPHABET INC CL C	36,369	61,316
11135F101 BROADCOM INC	17,718	26,271
031162100 AMGEN INC	10,989	11,496
58933Y105 MERCK & CO INC NEW	14,655	20,041
09857L108 BOOKING HOLDINGS INC	16,389	22,273
512807108 LAM RESEARCH CORP CO	10,097	30,698
G5960L103 MEDTRONIC PLC	14,165	16,400
460690100 INTERPUBLIC GROUP CO	10,338	13,171
532457108 ELI LILLY & CO COM	8,979	16,040
911312106 UNITED PARCEL SERVIC	17,264	26,102
87612E106 TARGET CORP	8,636	22,949
H84989104 TE CONNECTIVITY LTD	13,399	18,161
902973833 US BANCORP 6.500% PF	13,750	14,663
126650100 CVS HEALTH CORPORATI	16,520	27,115
285512109 ELECTRONIC ARTS INC	16,810	27,284
907818108 UNION PACIFIC CORP	10,481	26,652
94106L109 WASTE MANAGEMENT INC	17,877	20,638
00206R102 AT & T INC	19,770	15,962
Y2573F102 FLEX LTD	15,881	21,396
375558103 GILEAD SCIENCES INC	14,233	11,361
17275R102 CISCO SYSTEMS INC	11,581	25,776
891160509 TORONTO DOMINION BK	16,591	16,644
91324P102 UNITEDHEALTH GROUP I	5,786	45,238
89151E109 TOTAL S.A. - ADR	22,778	19,530
867224107 SUNCOR ENERGY INC NE	12,235	6,712
405217100 HAIN CELESTIAL GROUP	11,811	16,221
848574109 SPIRIT AEROSYTSEMS H	12,415	6,254
097023105 BOEING CO	19,749	13,914
31620M106 FIDELITY NATL INFORM	12,396	13,439
254687106 WALT DISNEY CO	13,572	22,829
192446102 COGNIZANT TECH SOLUT	19,870	29,092
594918104 MICROSOFT CORP	22,335	96,530
09247X101 BLACKROCK INC	16,031	31,026
771195104 ROCHE HOLDINGS LTD -	5,562	8,110
172967424 CITIGROUP INC.	25,207	31,755

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
56501R106 MANULIFE FINANCIAL C
464287705 ISHARES S&P MID-CAP	AT COST	87,203	180,712
98978V103 ZOETIS INC
25243Q205 DIAGEO PLC - ADR
88019R385 TMPLTN EM MRKT SM CA
87612E106 TARGET CORP
09247X101 BLACKROCK INC
74256W568 PRINCIPAL REAL EST S	AT COST	10,000	11,159
74256W485 PRINCIPAL PREFERRED	AT COST	39,730	41,085
58933Y105 MERCK & CO INC NEW
17275R102 CISCO SYSTEMS INC
437076102 HOME DEPOT INC
037833100 APPLE COMPUTER INC C
126650100 CVS/CAREMARK CORPORA
89151E109 TOTAL FINA ELF S.A.
112740303 BROOKFIELD GL LISTED
464287606 ISHARES S&P MID-CAP	AT COST	77,979	219,838
464287887 ISHARES S&P SMALL-CA	AT COST	20,748	59,374
464286509 ISHARES MSCI CANADA	AT COST	31,718	35,713
922042676 VANGUARD GLBL EX-US	AT COST	9,980	8,853
46434G772 ISHARES MSCI TAIWAN	AT COST	26,530	53,080
517834107 LAS VEGAS SANDS CORP
06051GEM7 BANK OF AMERICA CORP
848574109 SPIRIT AEROSYTSEMS H
74925K581 ROBECO BP LNG/SHRT R
Y2573F102 FLEXTRONICS INTL LTD
097023105 BOEING COMPANY
771195104 ROCHE HOLDINGS LTD -
46625H100 JPMORGAN CHASE & CO
375558AS2 GILEAD SCIENCES INC
78463X863 SPDR DJ WILSHIRE INT	AT COST	19,381	20,795
375558103 GILEAD SCIENCES INC
594918104 MICROSOFT CORP
872540109 TJX COS INC NEW
464286103 ISHARES MSCI AUSTRAL
02079K107 ALPHABET INC/CA
46434G822 ISHARES MSCI JAPAN E	AT COST	26,622	47,292
150870103 CELANESE CORP
00206R102 AT & T INC
26884U109 EPR PROPERTIES
G29183103 EATON CORP PLC
254687106 WALT DISNEY CO
532457108 ELI LILLY & CO COM
883556102 THERMO FISHER SCIENT
907818108 UNION PACIFIC CORP
91324P102 UNITEDHEALTH GROUP I
285512109 ELECTRONIC ARTS INC
654106103 NIKE INC CL B
26875P101 EOG RESOURCES, INC
464286806 ISHARES MSCI GERMANY	AT COST	33,714	42,890
464287457 ISHARES BARCLAYS 1-3
464287242 ISHARES IBOXX $ INVE	AT COST	394,676	469,642
609207105 MONDELEZ INTERNATION
512807108 LAM RESEARCH CORP CO
911312106 UNITED PARCEL SERVIC
867224107 SUNCOR ENERGY INC NE
902641646 E-TRACS ALERIAN MLP
H84989104 TE CONNECTIVITY LTD
172967424 CITIGROUP INC
12572Q105 CME GROUP INC
921937819 VANGUARD INTERMEDIAT	AT COST	339,233	371,400
405217100 HAIN CELESTIAL GROUP
92934R785 CRM SMALL CAP VALUE
464287879 ISHARES S&P SMALL-CA	AT COST	28,797	71,228
464286772 ISHARES MSCI SOUTH K	AT COST	37,738	60,321
464289529 ISHARES S&P INDIA NI	AT COST	24,869	42,567
922908553 VANGUARD REAL ESTATE	AT COST	23,622	25,734
52106N459 LAZARD GL LIST INFRA	AT COST	36,000	34,402
902973833 US BANCORP 6.500% PF
192446102 COGNIZANT TECH SOLUT
49446R109 KIMCO RLTY CORP
693475105 PNC FINANCIAL SERVIC
87234N765 TCW EMRG MKTS INCM-I	AT COST	60,000	63,587
G5960L103 MEDTRONIC PLC
11135F101 BROADCOM INC
47803P476 JH SEAPORT LONG/SHOR	AT COST	100,000	113,806
464287234 ISHARES MSCI EMERGIN	AT COST	35,385	43,920
891160509 TORONTO DOMINION BK
755111507 RAYTHEON CO
921937827 VANGUARD SHORT TERM	AT COST	138,840	145,075
31620M106 FIDELITY NATL INFORM
464288513 ISHARES IBOXX $ HIGH	AT COST	128,941	130,950
09260C703 BLACKROCK GL L/S CRE
044820504 ASHMORE EMERG MKTS C	AT COST	40,000	41,580
46429B697 ISHARES EDGE MSCI MI	AT COST	67,208	74,668
89154Q562 TOUCHSTONE SANDS EM	AT COST	40,000	42,875
922031760 VANGUARD HIGH YIELD	AT COST	54,000	54,918
90274D382 ETRACS ALERIAN INFRA	AT COST	37,117	20,773
19766J599 COLUMBIA SEL SM CAP	AT COST	18,000	19,998
464287465 ISHARES MSCI EAFE ET	AT COST	20,179	26,266
316390152 FIDELITY ADV INTL RL	AT COST	8,000	9,957
89155T649 TOUCHSTONE MID CAP-I	AT COST	20,000	26,589

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Description	Amount
PY RETURN OF CAPITAL ADJ	236
TAX LOT BASIS ADJ	863
COST BASIS ADJUSTMENT	306

- TIN:

TY 2020 OtherExpensesSchedule

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FILING FEE/STATE TAX	450	0		450
INVESTMENT EXPENSES - ADR FEES	31	31		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	2,477	2,477

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Description	Amount
MUTUAL FUND TIMING ADJ	37

- TIN:

TY 2020 TaxesSchedule

Name:

BETTMAN F & M FOUNDATION

EIN:

93-6033920

Category	Amount	Net Investment Income
FOREIGN TAXES	1,776	1,776
FEDERAL TAX PAYMENT - PRIOR YE	118	0
FEDERAL ESTIMATES - PRINCIPAL	1,456	0
FOREIGN TAXES ON NONQUALIFIED	452	452