Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The F2 Family Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

32-0046917
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,601,842J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 148 148  
4 Dividends and interest from securities... 26,752 26,752  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 121,326
b Gross sales price for all assets on line 6a 1,430,851
7 Capital gain net income (from Part IV, line 2)... 121,326
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 196 139  
12 Total. Add lines 1 through 11........ 148,422 148,365  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 11,585 11,585    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,608 550    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,413 48   12,365
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,606 12,183   12,365
25 Contributions, gifts, grants paid....... 485,000 485,000
26 Total expenses and disbursements. Add lines 24 and 25 511,606 12,183   497,365
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -363,184
b Net investment income (if negative, enter -0-) 136,182
c Adjusted net income (if negative, enter -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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 79,898 80,816 80,816
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,556,443 Click to see attachment1,192,341 1,521,026
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,636,341 1,273,157 1,601,842
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,636,341 1,273,157
29 Total net assets or fund balances (see instructions)..... 1,636,341 1,273,157
30 Total liabilities and net assets/fund balances (see instructions). 1,636,341 1,273,157
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
1,636,341
2
Enter amount from Part I, line 27a .....................
2
-363,184
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,273,157
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,273,157
Form 990-PF (2020)
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 Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,430,851   1,309,525 121,326
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       121,326
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 121,326
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,893
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  
3 Add lines 1 and 2........................... 3 1,893
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 1,893
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,900
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 1,900
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet7 RefundedBullet 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 the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bulletDE
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 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.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Juanita F Francis Pres, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Philip Francis Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    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
     
    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)
    Form 990-PF (2020)
    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
    1,609,456
    b
    Average of monthly cash balances.......................
    1b
    113,702
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,723,158
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,723,158
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    25,847
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,697,311
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    84,866
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    84,866
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,893
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,893
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    82,973
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    82,973
    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
    82,973
    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
    497,365
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    497,365
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    497,365
    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)
    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 82,973
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 132,034
    b From 2016...... 203,311
    c From 2017...... 321,208
    d From 2018...... 36,964
    e From 2019...... 548,931
    fTotal of lines 3a through e........ 1,242,448
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 497,365
    a Applied to 2019, 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)........     		 
    d Applied to 2020 distributable amount..... 82,973
    e Remaining amount distributed out of corpus 414,392
    5 Excess distributions carryover applied to 2020.    
    (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 1,656,840
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		132,034
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,524,806
    10 Analysis of line 9:
    a Excess from 2016.... 203,311
    b Excess from 2017.... 321,208
    c Excess from 2018.... 36,964
    d Excess from 2019.... 548,931
    e Excess from 2020.... 414,392
    Form 990-PF (2020)
    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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    Juanita F Francis
    Philip Francis
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    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)
    aPaid during the year
    ARIZONA COUNCIL OF AUDUBON CHAPTERS
    2850 N CAMINO DE OESTE
    TUCSON,AZ85745     		N/A PC General & Unrestricted 25,000
    ARIZONA SCIENCE CENTER
    600 E WASHINGTON ST
    PHOENIX,AZ85004     		N/A PC Grand Canyon Project of the Capital Campaign 25,000
    ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMER
    PO BOX 2260ATTN PAYROLL BENEFITS
    TEMPE,AZ85281     		N/A PC WP Carey School Nita & Phil Francis Fellowship Fund and Annual gift for the President's chair Fund 175,000
    BARROW NEUROLOGICAL FOUNDATION
    350 W THOMAS RD
    PHOENIX,AZ85013     		N/A PC Women's Board of the BNF- Javier Cardenas 25,000
    DESERT BOTANICAL GARDEN
    1201 N GALVIN PKWY
    PHOENIX,AZ85008     		N/A PC General & Unrestricted 30,000
    DIOCESAN COUNCIL FOR THE SOCIETY OF ST VINCENT DE
    PO BOX 13600
    PHOENIX,AZ85002     		N/A PC General & Unrestricted 25,000
    DOULOS INC
    114 OAK HOLLOW LN
    SULPHUR SPGS,TX75482     		N/A PC General & Unrestricted 7,000
    ECUMENICAL HUNGER PROGRAM
    2411 PULGAS AVE
    E PALO ALTO,CA94303     		N/A PC General & Unrestricted 5,000
    I WITNESS MINISTRIES INC
    PO BOX 1532
    ROCKWALL,TX75087     		N/A PC General & Unrestricted 3,000
    MCGAW YMCA
    1000 GROVE ST
    EVANSTON,IL60201     		N/A PC General & Unrestricted 20,000
    PHILLIPS BROOKS SCHOOL
    2245 AVY AVE
    MENLO PARK,CA94025     		N/A PC General & Unrestricted 5,000
    PLANNED PARENTHOOD ARIZONA INC
    4751 N 15TH ST
    PHOENIX,AZ85014     		N/A PC General & Unrestricted 5,000
    PLANNED PARENTHOOD OF ILLINOIS
    18 S MICHIGAN AVE 6TH FLR
    CHICAGO,IL60603     		N/A PC General & Unrestricted 5,000
    PREGNANCY RESOURCE CENTER
    1010 RIDGE RD
    ROCKWALL,TX75087     		N/A PC General & Unrestricted 5,000
    RAVENSWOOD EDUCATION FOUNDATION
    PO BOX 396
    MENLO PARK,CA94026     		N/A PC General & Unrestricted 5,000
    SANDRA DAY OCONNOR INSTITUTE
    PO BOX 4425
    PHOENIX,AZ85030     		N/A PC General & Unrestricted 10,000
    SILICON VALLEY COMMUNITY FOUNDATION
    2440 W EL CAMINO REAL STE 300
    MOUNTAIN VIEW,CA94040     		N/A PC Covid-19 Regional Relief Fund 5,000
    SUNNYVALE ISD EDUCATION FOUNDATION INC
    417 E TRIPP RD
    SUNNYVALE,TX75182     		N/A PC General & Unrestricted 3,500
    TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATI
    445 N 5TH ST STE 120
    PHOENIX,AZ85004     		N/A PC General & Unrestricted 25,000
    UMOM NEW DAY CENTERS INC
    3333 E VAN BUREN ST
    PHOENIX,AZ85008     		N/A PC General & Unrestricted 25,000
    VALLEY OF THE SUN UNITED WAY
    3200 E CAMELBACK RD STE 375
    PHOENIX,AZ85018     		N/A PC General & Unrestricted 25,000
    VALLEYWISE HEALTH FOUNDATION
    2901 E CAMELBACK RD STE 202
    PHOENIX,AZ85016     		N/A PC General & Unrestricted 25,000
    YOUNG LIFE - GARLAND
    11300 N CENTRAL EXPY
    DALLAS,TX75243     		N/A PC General & Unrestricted 1,500
    Total .................................bullet 3a 485,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    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
    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 ...........     		    14 148  
    4 Dividends and interest from securities....     14 26,752  
    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 ............     		    18 121,326  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION LAWSUIT PROCEEDS     		    01 139  
    bFederal Tax Refund     01 57  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   148,422  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    148,422
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    The F2 Family Foundation Inc
    EIN:
    32-0046917
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The F2 Family Foundation Inc
    EIN:
    32-0046917
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB ORD SHS 1,122 1,202
    ABBOTT LABS 798 2,080
    ABBVIE INC 2,217 2,893
    ACCENTURE PLC 2,149 2,873
    ADOBE SYSTEMS, INC 3,108 4,501
    AGILENT TECHNOLOGIES INC 232 237
    AIA GROUP 2,108 2,830
    AIR PRODS & CHEM INC 2,064 3,825
    AIRBUS GROUP SE 1,134 1,099
    ALCON INC 2,082 2,309
    ALIBABA GROUP HOLDING LTD 6,557 8,378
    ALLEGION PLC 2,624 2,444
    ALLIANCEBERNSTEIN SELECT US LO 26,433 27,861
    ALPHABET INC CL A 1,290 3,505
    ALPHABET INC CL C 2,143 3,504
    AMAZON COM 3,295 6,514
    AMERICA MOVIL SA 309 349
    AMERICAN TOWER REIT INC 653 673
    AMERIPRISE FINANCIAL INC 2,359 2,721
    AMGEN INC 4,064 4,139
    ANHEUSER BUSCH INBEV SA NV SHS 625 907
    ANSYS INC 4,284 6,185
    AON PLC CL A 3,099 3,803
    APTIV PLC 1,980 2,866
    ARCH CAPITAL GROUP LTD 1,571 1,443
    ARGENX SE 605 882
    ASAHI KASEI CORP 828 797
    ASHTEAD GROUP PLC 1,228 1,516
    ASML HLDG NV ORD SHS 1,057 2,432
    ASML HOLDING NV NY REG SHS 1,302 2,439
    ASSA ABLOY AB 419 468
    ASTRAZENECA 1,152 1,350
    ASTRAZENECA PLC ORD 1,228 1,702
    AUTODESK, INC 4,208 8,855
    AUTOMATIC DATA PROCESSING INC 2,788 3,172
    B&M EUROPEAN VALUE RETAIL 384 416
    BANCO BILBAO VIZCAYA 747 760
    BANCO ITAU HOLDING FINANCIERA 923 956
    BEIGENE LTD 571 775
    BLACK KNIGHT, INC 1,720 2,474
    BLACKROCK EVENT DRIVEN EQUITY 25,227 25,998
    BLACKROCK INC 2,134 3,608
    BNY MELLON GLOBAL REAL RETURN 24,226 26,343
    BOEING CO 3,530 4,709
    BRIGHT HORIZONS FAMILY SOLUTIO 424 519
    BROADCOM INC 2,010 3,065
    BROOKFIELD ASSET MANAGEMENT CL 4,363 5,489
    BROOKFIELD INFRASTRUCTURE ORD 737 1,301
    BROOKFIELD PROPERTY REIT INC 308 239
    BROOKFIELD RENEWABLE CORP CL A 123 175
    BROWN & BROWN INC 978 1,280
    BROWN FORMAN CORP CL B 438 556
    CABOT OIL & GAS CORP 1,908 1,791
    CALAMOS MARKET NEUTRAL FD CL I 26,511 28,043
    CANADA GOOSE HOLDINGS INC 1,054 953
    CANADIAN NATL RAILWAY CO 2,411 2,966
    CANNAE HOLDINGS INC 210 266
    CAPITAL ONE FINANCIAL CORP 2,727 2,669
    CARLSBERG A/S 1,478 1,924
    CARMAX INC 2,342 2,645
    CBRE GROUP 1,448 1,882
    CERNER CORPORATION 1,215 1,727
    CHEMICAL AND MINING CO OF CHIL 1,134 2,160
    CHEVRON CORP 2,360 1,773
    CHUBB LIMITED 1,812 1,847
    CIE FINANCIERE RICH 583 643
    CINCINNATI FINANCIAL CORP 1,401 1,922
    CISCO SYSTEMS INC 3,667 4,520
    COGNEX CORPORATION 147 241
    COLFAX CORPORATION 253 344
    COLGATE-PALMOLIVE COMPANY 1,220 1,625
    COMCAST CORP 1,203 1,572
    COMMERCE BANCSHARES, INC 1,466 1,511
    COPART INC 1,809 2,927
    CORTEVA INC 2,041 2,904
    COSTAR GROUP, INC 1,203 1,849
    CREDIT ACCEPTANCE CORPORATION 1,537 1,385
    CROWN CASTLE INTL 1,543 2,865
    CULLEN FROST BANKERS INC 1,747 1,657
    DAIICHI SANKYO COMPANY, LIMITE 401 651
    DAIKIN INDUSTRIES FIRST SECTIO 380 666
    DANAHER CORP 3,059 4,221
    DASSAULT SYS SA SPN ADR 641 1,018
    DB X TRACKERS MSCI EAFE HEDGED 4,713 5,646
    DBS GROUP HLDGS LTD. SPON ADR 558 549
    DEERE CO 2,312 4,036
    DEUTSCHE BOERSE AG 413 513
    DIAGEO PLC 1,090 1,102
    DIAGEO PLC ADS 2,547 2,700
    DNB ASA 844 863
    DOLLAR GENERAL CORP 318 421
    DOMINOS PIZZA INC 782 1,150
    DOUBLELINE TOTAL RETURN BOND 8,767 8,909
    DOUYU INTERNATIONAL HOLDINGS A 846 641
    DSV 512 1,006
    EAST WEST BANCORP, INC 1,462 1,572
    EATON CORP PLC 965 1,201
    ELANCO ANIMAL HEALTH INCORPORA 1,489 2,116
    ELI LILLY & CO 1,247 1,857
    ENEL-SOCIETA PER AZI 1,228 2,076
    ENGIE ORD SHS 398 475
    EQUINIX, INC 824 714
    EQUITY LIFESTYLE PRP 1,417 1,267
    ESSILOR INTL 886 1,249
    EVERSOURCE ENERGYINC 366 433
    EXPEDITORS INTL WASH INC 1,859 2,568
    FACEBOOK INC 4,008 6,283
    FACTSET RESH SYST INC 1,066 1,663
    FASTENAL COMPANY 830 1,270
    FEDERATED INSTI HIGH YIELD BD 2,571 2,864
    FIDELITY NATIONAL FINANCIAL IN 1,485 1,290
    FIRST REPUBLIC BANK 567 882
    FIRST TRUST CHINDIA ETF 1,731 3,067
    FIRSTSERVICE CORP 1,394 2,325
    FLEXSHARES STOXX GLOBAL BROAD 4,089 4,785
    FLUTTER ENTERTAINMENT ORD SHS 296 408
    FRANKLIN CONVERTIBLE SCRTS FD 1,915 2,516
    GALAPAGOS GENOMICS NV 1,120 591
    GARTNER INC 1,429 1,602
    GATEWAY FUND CLASS Y 21,017 24,056
    GEN DYNAMICS CP 2,182 1,786
    GENMAB AS 469 1,215
    GIVAUDAN SA UNSP/ADR 835 1,358
    GRIFOLS SA 518 396
    GUIDEWIRE SOFTWARE INC 1,271 1,545
    HANNOVER RUCKVISCG SP/ADR 2,688 2,306
    HDFC BANK LTD ADR 2,692 4,119
    HEICO CP CL A 822 1,171
    HERMES INTL S A 551 1,076
    HILTON WORLDWIDE HOLDINGS, INC 2,008 2,559
    HOME DEPOT INC 1,759 3,984
    HONEYWELL INTL 1,329 2,127
    HONG KONG EXCHANGE & CLEARING 563 877
    HOWARD HUGHES CORPORATION 1,106 789
    HOYA CORP 460 829
    HOYA CORP SPONS ADR 758 1,804
    HUTCHINSON CHINA MEDITECH LTD 562 544
    HYATT HOTELS CORP 757 817
    IBERDROLA SA 837 1,560
    ICICI BK LTD ADS 802 1,085
    IDEXX CORP 824 1,500
    IHS MARKIT LTD 1,010 1,347
    ILLINOIS TOOL WORKS 1,128 1,631
    ILLUMINA INC COM 1,799 2,220
    INDITEX 796 765
    INFINEON TECH ADS 1,826 2,853
    INTUITIVE SURGICAL 1,033 1,636
    INVESCO CLEANTECH ETF 3,003 5,560
    INVESCO S&P GLOBAL WATER INDEX 3,541 4,867
    INVESCO SENIOR LOAN ETF 2,190 2,295
    INVESCO TAXABLE MUNICIPAL BOND 6,634 7,370
    INVESCO WILDERHILL CLEAN ENERG 2,258 6,824
    ISHARES CORE MSCI EAFE ETF 21,058 24,734
    ISHARES CURRENCY HEDGE MSCI EM 4,157 5,654
    ISHARES EDGE MSCI INTL MOMENTU 5,275 7,154
    ISHARES EDGE MSCI INTL QUALITY 8,912 11,590
    ISHARES EDGE MSCI USA SIZE FAC 25,388 35,018
    ISHARES GOLD TRUST 14,782 20,668
    ISHARES MSCI CANADA INDEX FD 6,315 7,155
    ISHARES MSCI EAFE MINIMUM VOLA 7,486 8,222
    ISHARES MSCI GRW IDX 7,355 8,678
    ISHARES MSCI USA MIN VOLATILIT 25,973 32,446
    ISHARES MSCI USA MOMENTUM FACT 15,377 25,160
    ISHARES MSCI USA QUALITY FACTO 33,948 50,667
    ISHARES MSCI-JAPAN 8,248 10,269
    ISHARES RUSSELL TOP 200 ETF 44,382 59,049
    ISHARES S&P GLOBAL TIMBER & FO 3,305 4,299
    ISHARES ULTRA SHORT TERM BOND 8,834 8,892
    JARDINE MATHSON HOLDINGS LTD 425 560
    JD.COM, INC 1,286 1,846
    JOHN HANCOCK SEAPORT FUND CL I 22,745 23,769
    JOHNSON & JOHNSON 430 630
    JOHNSON CONTROLS INTERNATIONAL 2,086 2,376
    JP MORGAN CHASE 4,930 6,608
    KENNEDY WILSON HOLDINGS INC 634 572
    KERING 1,097 1,455
    KEYENCE CORPORATION,FIRST SECT 1,767 3,420
    KINGSPAN GROUP 882 1,405
    KKR & CO INC 1,901 2,794
    KONINKLIJKE KPN NV 874 882
    L'AIR LIQUIDE ADR OTC 1,315 1,612
    L'AIR LIQUIDE ORD EU 394 493
    L'OREAL ADR 1,393 2,285
    L'OREAL CO ACT 987 1,519
    LENNAR CORP 3,426 4,269
    LIBERTY BROADBAND CORPORATION 432 630
    LIBERTY BROADBAND CORPORATION 1,547 2,217
    LIBERTY MEDIA CORPORATION - SE 79 76
    LIBERTY MEDIA CORPORATION - SE 869 895
    LIBERTY SIRIUS XM CORP - SER C 686 783
    LIBERTY SIRIUS XM GROUP - SER 293 302
    LIVE NATION INC COM 874 1,323
    LOCKHEED MARTIN CORP 2,182 2,840
    LONDON STOCK EXCH LTD 1,278 2,216
    LULULEMON ATHLETICA INC 548 1,044
    LVMH MOET HENN UNSP 1,961 3,492
    LVMH-MOET HNSY L VUTN 358 624
    LYONDELLBASELL INDUSTRIES NV 319 367
    M&T BANK CORP 460 382
    MARKEL CORP 2,345 2,067
    MARKET VECTORS AGRIBUSINESS ET 3,118 4,206
    MARSH AND MCLENNAN COMPANIES I 1,483 2,106
    MARTIN MARIETTA MATLS INC 3,288 3,692
    MCDONALD'S CORP 1,795 2,360
    MEDTRONIC PLC 3,860 5,154
    MERCADOLIBRE, INC 296 1,675
    MERCK & CO INC 3,331 3,436
    METTLER-TOLEDO INTL 681 1,140
    MICHELIN CIE GEN UNSP/ADR 2,092 2,521
    MICROCHIP TECHNOLOGY INC 3,904 5,248
    MICROSOFT CORP 6,253 12,456
    MITSUBISHI UFJ FINANCIAL GROUP 1,501 1,263
    MONDELEZ INTERNATIONAL INC 2,561 2,748
    MONSTER BEVERAGE CORP 2,357 3,884
    MOODYS CORP 622 871
    MOTOROLA SOLUTIONS INC 977 1,020
    MSCI INC 441 893
    MURATA MANUFACTURING 261 542
    NESTLE SA CHAM ET VE OTC 1,185 1,769
    NEUBERGER BERMAN ALTRNTIVE FDS 25,858 27,898
    NEXTERA ENERGY, INC 1,994 5,246
    NIDEC CORPORATION NPV 467 880
    NIPPON TEL & TEL 9432 JPY 816 820
    NITORI HOLDINGS 592 628
    NOVARTIS AG ADR 5,480 5,760
    NOVO NORDISK A S 2,100 2,934
    NOVO NORDISK A/S 1,387 2,174
    NOVOCURE LTD 541 1,384
    NVIDIA CORP 1,395 5,222
    O'REILLY AUTOMOTIVE INC 1,956 2,263
    ORACLE CORP 3,305 4,270
    PARKER HANNIFIN CP 2,255 2,997
    PAYCHEX 1,409 2,609
    PAYPAL HOLDINGS, INC 1,269 2,576
    PEPSICO INC 2,636 3,559
    PERMANENT PT 24,801 25,800
    PERNOD RICARD ORD 1,012 1,151
    PHILLIPS 66 3,777 2,518
    PIMCO INCOME FUND P CLASS 9,083 9,174
    PING AN INSURANCE GROUP ADR 2,323 2,450
    PIONEER NAT RES CO 1,742 1,367
    PNC FINANCIAL GROUP INC 4,128 4,768
    PROCTER GAMBLE CO 3,762 4,035
    PROGRESSIVE CORP OHIO 534 692
    PROLOGIS 1,632 1,794
    PROSUS NV ADR 356 499
    PUMA SE UNSPONSORED ADR 747 1,186
    QUALCOMM INC 5,138 9,445
    REAL ESTATE SELECT SECTOR SPDR 9,347 9,798
    REALPAGE, INC 933 1,309
    REALTY INCOME CORP 971 933
    RECKITT BENCKISER 1,095 1,252
    RECRUIT HOLDING CO LTD JPY 335 586
    REGENERON PHARMACEUTICALS INC 1,975 2,416
    RELX PLC 1,172 1,323
    RENAISSANCERE HOLDINGS LTD 1,525 1,492
    RENTOKIL INITIAL PLC SPON ADR 1,554 1,566
    RESTAURANT BRANDS INTL 1,931 1,650
    RIO TINTO PLC 367 449
    RIO TINTO PLC SPONSORED ADR 961 978
    ROCHE HOLDING LTD ADR 2,363 2,718
    ROPER INDUSTRIES 1,396 1,724
    ROSS STORES, INC 658 860
    ROYAL PHILLIPS NV SHS 595 750
    RPM INTERNATIONAL INC 1,740 2,542
    S&P GLOBAL INC COM 245 329
    SAFRAN S.A. ORD SHS 1,584 1,914
    SAFRAN SA - UNSPON ADR 3,038 3,759
    SALESFORCE.COM 2,902 4,228
    SAP AG O.N 1,445 1,580
    SBA COMMUNICATIONS CORP 2,127 2,539
    SCHLUMBERGER LTD 1,954 1,222
    SCHWAB INTERMEDIATE US TRS ETF 3,845 4,192
    SCHWAB US TIPS 13,877 15,520
    SEI INVESTMENTS 1,308 1,552
    SEMPRA ENERGY COM 1,747 1,911
    SHIN ETSU CHEMICAL 846 1,573
    SHIONOGI & CO., LTD 943 928
    SLACK TECHNOLOGIES CLASS A ORD 453 760
    SMC CORP 688 1,178
    SOFTBANK CORP ORD 777 1,171
    SONY CORP ADR 4,617 7,380
    SPDR PORTFOLIO EMERGING MARKET 12,263 17,117
    SPDR S&P EMERGING ASIA PACIFIC 4,168 5,729
    SQUARE INC 187 653
    ST MICROELEC SIC 511 630
    STARBUCKS CORP COM 3,456 5,884
    STRAUMANN HLDG 1,667 2,788
    STRAUMANN HLDG AG WALDENBURG 793 1,167
    SUMMIT MATERIALS INC 496 462
    SUN COMMUNITIES INC 1,385 1,368
    SUNCOR ENERGY INC 1,734 973
    SUZUKI MOTOR CORP 482 509
    SWEDBANK AB S/ADR 919 864
    TAIWAN SEMICONDUCTOR MFG CO LT 2,029 6,870
    TENCENT HOLDINGS LIMITED 1,719 2,876
    TENCENT HOLDINGS LTD 1,096 1,673
    TERUMO CORPORATION,FIRST SECTI 691 835
    TEXAS INSTRUMENTS INC 2,252 4,432
    TFI INTERNATIONAL 639 722
    THE COCA-COLA CO 3,685 3,674
    THE DESCARTES SYSTEMS GROUP 924 1,404
    TOKYO ELECTRON NPV 352 372
    TOMRA SYSTEMS 1,191 2,035
    TOTAL SA 791 605
    TRANSDIGM GRP INC 3,322 4,332
    TRANSUNION COM USD0.01 1,197 1,488
    TRIP COM GROUP ADR 914 877
    TRUIST FINANCIAL CORPORATION 2,378 2,876
    TWITTER INC 1,498 2,437
    TYLER TECHNOLOGIES, INC 694 873
    TYSON FOODS INC CL A 2,655 1,869
    UNI CHARM CORP ORD F 951 1,374
    UNILEVER ORD 3 1/9P 380 360
    UNILEVER PLC AMER 1,380 1,509
    UNITED PARCEL SERVICE 513 505
    US BANCORP 1,658 1,444
    VAIL RESORTS INC 1,313 1,674
    VANGARD RUSSELL 1000 GROWTH 41,110 58,978
    VANGUARD DIVIDEND APPRECIATION 39,893 49,409
    VANGUARD FTSE EUROPEAN ETF 8,578 10,241
    VANGUARD GLOBAL EX-US REAL EST 2,386 2,498
    VANGUARD LG-CAP ETF 47,824 63,265
    VANGUARD SHORT TERM CORPORATE 9,320 9,574
    VANGUARD WORLD FUND ETF MEGA C 35,725 42,714
    VERISIGN INC 1,437 1,731
    VERISK ANALYTICS, INC 1,099 1,453
    VERIZON COMMUNICATIONS 1,667 1,880
    VISA INC 3,961 6,343
    VORNADO RLTY TR 332 224
    VULCAN MATERIALS CO 2,260 2,373
    WALGREENS BOOTS ALLIANCE 1,528 1,196
    WALT DISNEY HOLDINGS CO 2,756 3,986
    WASTE CONNECTIONS 1,041 1,128
    WEC ENERGY GROUP, INC 1,195 1,933
    WESTERN ASSET MACRO OPPORTUNIT 22,994 24,472
    WISDOMTREE CHINA EX-STATE-OWD 2,865 4,999
    WISDOMTREE EMERGING MARKETS 8,947 12,298
    WIX COM LTD 1,100 2,250
    WORKDAY INC 938 1,677
    WUXI BIOLOGICS INC ADR 592 1,579
    XYLEM INC 2,046 2,545
    YUM BRANDS INC 1,208 1,411
    YUM CHINA HOLDINGS INC 602 971

    TY 2020 LiquidationExplanationStmt
    Name:
    The F2 Family Foundation Inc
    EIN:
    32-0046917
    Statement:
    As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2020, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $485,000. This amount represents 25% or more of the Foundation's net assets of $1,921,974 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2020. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


    TY 2020 OtherExpensesSchedule
    Name:
    The F2 Family Foundation Inc
    EIN:
    32-0046917
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 12,340     12,340
    Bank Charges 48 48    
    State or Local Filing Fees 25     25


    TY 2020 OtherIncomeSchedule2
    Name:
    The F2 Family Foundation Inc
    EIN:
    32-0046917
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Class Action Lawsuit Proceeds 139 139  
    Federal Tax Refund 57    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The F2 Family Foundation Inc
    EIN:
    32-0046917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 11,585 11,585    


    TY 2020 TaxesSchedule
    Name:
    The F2 Family Foundation Inc
    EIN:
    32-0046917
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 1,900      
    990-PF Extension for 2019 158      
    Foreign Tax Paid 550 550