Form990-PF
Click to see list of attachments

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
TERASAKI INST FOR BIOMEDICAL INNOVATION
FKA TERASAKI FAMILY FOUNDATION I
Number and street (or P.O. box number if mail is not delivered to street address)1018 WESTWOOD BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90024
A Employer identification number

95-4249502
B Telephone number (see instructions)

(310) 479-6101
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$64,374,327J 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) 1,552,647
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,306,420 1,306,420 1,306,420
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 118,926
b Gross sales price for all assets on line 6a 30,000,373
7 Capital gain net income (from Part IV, line 2)... 118,926
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 582
b Less: Cost of goods sold.... 10,496
c Gross profit or (loss) (attach schedule)..... Click to see attachment -9,914 -9,914
11 Other income (attach schedule)....... Click to see attachment 109,102 40,977  
12 Total. Add lines 1 through 11........ 3,077,181 1,466,323 1,296,506
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 603,761     80,040
14 Other employee salaries and wages...... 2,581,746     1,461,812
15 Pension plans, employee benefits....... 80,044     38,895
16a Legal fees (attach schedule)......... Click to see attachment 138,226      
b Accounting fees (attach schedule)....... Click to see attachment 200,986     20,600
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 278,980 24,312 24,312 110,437
19 Depreciation (attach schedule) and depletion... Click to see attachment 216,666    
20 Occupancy.............. 177,429     85,376
21 Travel, conferences, and meetings....... 25,734     21,371
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 1,601,705 345,076 345,076 916,550
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,905,277 369,388 369,388 2,735,081
25 Contributions, gifts, grants paid....... 3,670,100 3,670,100
26 Total expenses and disbursements. Add lines 24 and 25 9,575,377 369,388 369,388 6,405,181
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,498,196
b Net investment income (if negative, enter -0-) 1,096,935
c Adjusted net income (if negative, enter -0-)... 927,118
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......... 3,508,221 3,244,752 3,244,752
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) bullet6,000
Less: allowance for doubtful accounts bullet   3,500,000 6,000 6,000
8 Inventories for sale or use.............. 29,019 18,524 18,524
9 Prepaid expenses and deferred charges.......... 10,618 23,369 23,369
10a Investments—U.S. and state government obligations (attach schedule) 1,668,603 Click to see attachment2,098,982 2,197,627
b Investments—corporate stock (attach schedule)....... 36,797,444 Click to see attachment29,478,336 39,111,635
c Investments—corporate bonds (attach schedule)....... 1,241,088 Click to see attachment1,417,583 1,548,587
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,742,227 Click to see attachment17,151,175 18,223,833
14 Land, buildings, and equipment: basis bullet2,273,447
Less: accumulated depreciation (attach schedule) bullet1,396,924 350,853 Click to see attachment876,523  
15 Other assets (describe bullet)   Click to see attachment25,774  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 60,848,073 54,341,018 64,374,327
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) Click to see attachment20 Click to see attachment140
23 Total liabilities (add lines 17 through 22)......... 20 140
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........... 60,848,053  
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    
29 Total net assets or fund balances (see instructions)..... 60,848,053 54,340,878
30 Total liabilities and net assets/fund balances (see instructions). 60,848,073 54,341,018
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
60,848,053
2
Enter amount from Part I, line 27a .....................
2
-6,498,196
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
245,092
4
Add lines 1, 2, and 3 ..........................
4
54,594,949
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
254,071
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
54,340,878
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 ML 02506 - SEE ATTACHED P 2020-03-02 2020-12-31
b ML 02506 - SEE ATTACHED P 2019-03-01 2020-12-16
c ML 02506 SUPPLEMENTAL P 2020-08-14 2020-12-04
d ML 02506 SUPPLEMENTAL P 2018-07-09 2020-06-08
e ML 02506 SUPPLEMENTAL P 2017-02-10 2020-12-04
ML 02506 SUPPLEMENTAL P 2019-05-09 2020-04-20
ML 02506 SUPPLEMENTAL P 2018-12-07 2020-12-17
ML 02505 - SEE ATTACHED P 2019-05-21 2020-04-17
ML 02505 - SEE ATTACHED P 2017-01-23 2020-05-05
WF 1472-7138 SEE ATTACHED P 2019-10-16 2020-07-09
0.10000 COMMERCE BANCSHARES INC - CASH IN LIEU P 2020-12-18 2020-12-18
WF 1472-7138 SEE ATTACHED P 2016-12-21 2020-07-09
WF 7994-0406 - SEE ATTACHED P 2019-07-18 2020-02-27
WF 7994-0406 - SEE ATTACHED P 2015-08-18 2020-02-27
2000 BROOKFIELD RENEWABLE ENERGY PTRS LP P 2019-06-18 2020-12-14
ML 04F19 - SEE ATTACHED P 2019-08-15 2020-01-07
ML 04F19 - SEE ATTACHED P 2018-02-02 2020-01-05
ML 02277 - SEE ATTACHED P 2019-05-10 2020-03-11
ML 02277 - SEE ATTACHED P 2018-03-28 2020-03-11
Capital Gain Dividends      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,673,533   4,168,843 -495,310
b 11,698,040   12,059,729 -361,689
c 390,298   390,296 2
d 11,691   10,795 896
e 215,384   152,481 62,903
419,656   424,553 -4,897
392,382   381,958 10,424
114,745   122,587 -7,842
954,565   815,919 138,646
1,010,093   898,368 111,725
6     6
1,643,966   1,143,726 500,240
2,430,132   2,630,793 -200,661
4,694,469   4,594,123 100,346
80,218   27,458 52,760
303,622   246,496 57,126
960,405   896,001 64,404
90,171   142,889 -52,718
868,851   774,432 94,419
      48,146
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       -495,310
b       -361,689
c       2
d       896
e       62,903
      -4,897
      10,424
      -7,842
      138,646
      111,725
      6
      500,240
      -200,661
      100,346
      52,760
      57,126
      64,404
      -52,718
      94,419
       
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 2 118,926
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 -592,569
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 15,247
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 15,247
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 15,247
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 68,505
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 68,505
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 53,258
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet53,258 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
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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)
    bulletCA
    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
    Yes
     
    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 addressbulletTERASAKI.ORG
    14
    The books are in care ofbulletSTEWART HAN Telephone no.bullet (310) 479-6101

    Located atbullet1018 WESTWOOD BLVDLOS ANGELESCA ZIP+4bullet90024
    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
     
    No
    ........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
    HISAKO TERASAKI Director
    0.00     		0    
    225 N CANON DR 8E
    BEVERLY HILLS,CA902105301
    TAIJI P TERASAKI Director
    0.00     		0    
    918 WAILUPE CIRCLE
    HONOLULU,HI96821
    KEITH K TERASAKI Chairman
    1.00     		0    
    11829 NORFIELD COURT
    LOS ANGELES,CA90077
    STEWART HAN President
    40.00     		149,250 8,131  
    20287 VIA MEDICI
    PORTER RANCH,CA91326
    PAUL K TERASAKI Secretary
    1.00     		0    
    11829 NORFIELD COURT
    LOS ANGELES,CA90077
    LAWRENCE BROGAN CFO
    40.00     		203,798 3,375  
    326 SAN ANTONIO RD
    ARCADIA,CA91007
    ALIREZA KHADEMHOSSEINI CEO
    40.00     		155,040    
    11326 ISTELA ST
    LOS ANGELES,CA90049
    MAURIZIO VECCHIONE INNOVATIONS
    40.00     		95,673 1,250  
    645 OCAMPO DRIVE
    PACIFIC PALISADES,CA90272
    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
    STEVEN HARDY RETIRED CFO
    1.00     		196,743 1,203  
    5721 CRESCENT PARK WEST 407
    PLAYA VISTA,CA90094
    JANET HIROSHIMA DEVELOPMENT
    40.00     		94,067 3,375  
    18008 EVELYN AVE
    GARDENA,CA90248
    VADIM JUCAUD RESEARCHER
    40.00     		94,083 3,583  
    3729 CARDIFF AVE 5
    LOS ANGELES,CA90034
    MATTHEW EVERLY INTERIM DIRECTOR
    1.00     		262,735 6,682  
    2038 CORINTH AVE
    LOS ANGELES,CA90025
    RENE CASTRO IT MANAGER
    40.00     		149,250 5,650  
    1616 OAK ST
    LOS ANGELES,CA90015
    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
    AMANDA LIPSEY GRANT WRITER 58,146
    510 S BURNSIDE AVE 8G
    LOS ANGELES,CA90036
    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 SERVE AS A RESEARCH LABORATORY FOR HLA ANITBODY CHARACTERIZATION FOR MULTICENTER TRIALS TO DETERMINE THE ROLE OF HLA ANTIBODY CHARACTERISTICS ALONG WITH PATIENT CHARACTERISTICS IN ORGAN TRANSPLANT OUTCOME PREDICTIONS 94,756
    2 SEE ATTACHED LISTING OF RESEARCH PROJECTS DURING 2020 2,226,401
    3 TRANSPLANT EDUCATION CENTER TO INSPIRE AND EDUCATE PEOPLE ABOUT KIDNEY TRANSPLANTATION AND LIVING ORGAN DONATION. 413,927
    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
    55,592,617
    b
    Average of monthly cash balances.......................
    1b
    2,625,596
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    58,218,213
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    58,218,213
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    873,273
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    57,344,940
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,867,247
    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
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    6,405,181
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,405,181
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,405,181
    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  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    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.....  
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		 
    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) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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
    1990-03-27
    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
    927,118 2,742,112 1,416,236 1,830,241 6,915,707
    b 85% of line 2a ......... 788,050 2,330,795 1,203,801 1,555,705 5,878,351
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		6,405,181 9,792,080 2,995,748 3,366,858 22,559,867
    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 ....     		6,405,181 9,792,080 2,995,748 3,366,858 22,559,867
    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...     		1,911,498 2,175,919 2,190,624 2,233,090 8,511,131
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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
    LITTLE TOKYO SERVICE CENTER
    231 E THIRD ST G-106
    LOS ANGELES,CA90013     		NONE EOF TERASAKI BUDOKAN PROJECT SPONSORSHIP 3,500,000
    TERASAKI NIBEI FOUNDATION
    11570 W OLYMPIC BLVD
    LOS ANGELES,CA90064     		  EOF GENERAL SUPPORT 16,000
    REGENTS OF UNIVERSITY OF CA LOS ANG
    405 HILGARD AVENUE
    LOS ANGELES,CA90095     		NONE EOF RESEARCH GRANT AWARD - MICROBIOTA AND ALLOGRAFT OUTCOMES: FROM MOUSE TO HUMAN INVESTIGATOR - JERZY KUPIEC-WEGLINKSI 107,100
    REGENTS OF UNIVERSITY OF CA LOS ANG
    405 HILGARD AVENUE
    LOS ANGELES,CA90095     		NONE EOF RESEARCH GRANT AWARD - LEVERAGING THE UCLA CKD REGISTRY AND A TARGETED, EVIDENCE-BASED AF INVESTIGATOR - SUSANNE NICHOLAS 47,000
    Total .................................bullet 3a 3,670,100
    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
    aCLINICAL TRIAL FEES         3,100
    bTEST FEES         62,170
    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....         1,306,420
    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.....     14 2,855  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        118,926
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory 451211 -740     -9,174
    11 Other revenue:
    aL/T CAPITAL GAIN THRU K-1     		    18 18,534  
    bOTHER PORTFOLIO INC K-1     14 15,317  
    cS/T CAPITAL GAIN THRU K-1     18 7,126  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -740 43,832 1,481,442
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,524,534
    (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.)
    1A FEES FOR EXPERIMENTAL HLA TISSUE TYPING TESTS PERFORMED
    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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    TERASAKI INST FOR BIOMEDICAL INNOVATION
    FKA TERASAKI FAMILY FOUNDATION I
    Employer identification number

    95-4249502
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    TERASAKI INST FOR BIOMEDICAL INNOVATION
    FKA TERASAKI FAMILY FOUNDATION I         		Employer identification number
    95-4249502
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    HISAKO TERASAKI
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 450,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    KEITH TERASAKI
    11829 NORFIELD COURT
     
    LOS ANGELES, CA90077

    		$ 101,669


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    P I TERASAKI GRAT II FBO EMIKO
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 103,964


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    H TERASAKI GRAT II FBO EMIKO
    225 NORTH CANON DRIVE 8E
     
    BEVERLY HILLS, CA90210

    		$ 103,964


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    TERASAKI INST FOR BIOMEDICAL INNOVATION
    FKA TERASAKI FAMILY FOUNDATION I         		Employer identification number

    95-4249502
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 PUBLICLY TRADED SECURITIES $ 101,669 2020-12-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    TERASAKI INST FOR BIOMEDICAL INNOVATION
    FKA TERASAKI FAMILY FOUNDATION I         		Employer identification number

    95-4249502
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0

    TY 2020 AccountingFeesSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HORIE & CO - TAX & ACCTG 180,386 0 0 0
    WINDES 20,600 0 0 20,600

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

    TY 2020 DepreciationSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    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
    LEASEHOLD IMPROVEMENT 2000-07-14 8,950 4,456 SL 2.56 % 229      
    OUTDOOR SIGN 2005-01-01 43,753 42,462 150DB 2.95 % 1,291      
    FREEZER (2) 2014-09-09 1,417 1,227 200DB 8.93 % 127      
    PROJECTOR LAMP 2014-09-24 850 736 200DB 8.93 % 76      
    REFRIGERATOR (2) 2015-07-29 1,960 1,523 200DB 8.92 % 175      
    DELL LAPTOP 2015-12-07 875 825 200DB 5.76 % 50      
    EPPENDORF THERMO MIXER 2016-02-17 15,703 12,990 200DB 11.52 % 1,809      
    ICE FLAKER 2016-03-14 5,045 4,173 200DB 11.52 % 581      
    NANODROP W/ CUVETTE 2016-03-21 10,812 8,944 200DB 11.52 % 1,246      
    EP MOTION P5073 EASYCON 2016-06-20 44,313 36,656 200DB 11.52 % 5,105      
    EPPENDORF THERMOADAPTER 2016-07-28 2,875 2,378 200DB 11.52 % 331      
    SATORIUS ANALYTICAL BALAN 2016-11-30 2,218 1,836 200DB 11.52 % 256      
    KEYENCE MICROSCOPE 2016-12-22 54,481 45,066 200DB 11.52 % 6,276      
    SURFACE PRO 2016-03-29 1,169 967 200DB 11.52 % 135      
    SURFACE PRO 2016-03-31 1,526 1,262 200DB 11.52 % 176      
    MICROFUGE 20 2016-01-03 2,086 1,726 200DB 11.52 % 240      
    CFX 384 TOUCH PCR SYS 2016-01-03 27,907 23,084 200DB 11.52 % 3,215      
    OUTDOOR SIGNAGE-WW 2017-12-05 9,378 5,277 200DB 12.49 % 1,171      
    OFFICE FURNITURE-WW 2017-06-22 143,572 80,788 200DB 12.49 % 17,932      
    LAB FURNITURE-WW 2017-06-21 114,329 64,333 200DB 12.49 % 14,280      
    LAB EQPT - OLYMPIC 2017-06-29 166,508 118,555 200DB 11.52 % 19,182      
    LAB EQPT - WESTWOOD 2017-11-20 33,364 23,755 200DB 11.52 % 3,844      
    COMPUTER EQPT-WW 2017-09-22 9,920 7,063 200DB 11.52 % 1,143      
    AUDIO/VISUAL EQPT-WW 2017-06-01 184,297 103,704 200DB 12.49 % 23,019      
    TELEPHONE EQUIPMENT 2017-09-01 1,809 1,018 200DB 12.49 % 226      
    FREEZER 2018-01-08 766 297 200DB 17.49 % 134      
    WORK BENCH 2018-04-09 958 499 200DB 19.20 % 184      
    MAGNETIC SEPARATOR 2018-08-13 1,004 522 200DB 19.20 % 193      
    ACOUSTIC TILE 2018-08-01 4,188 418 SL 6.67 % 279      
    LAPTOP (4) 2018-01-22 3,040 1,581 200DB 19.20 % 584      
    LAPTOP 2018-02-02 759 395 200DB 19.20 % 146      
    DELL LAPTOP 2018-07-25 881 458 200DB 19.20 % 169      
    SURFACE PRO 2018-10-08 980 510 200DB 19.20 % 188      
    MOBILE PROJECTOR 2018-10-11 690 359 200DB 19.20 % 132      
    DELL LAPTOP 2018-11-16 807 419 200DB 19.20 % 155      
    DESKS(3) 2018-06-01 1,102 427 200DB 17.49 % 193      
    PEDESTAL CABINET(3) 2018-06-01 678 263 200DB 17.49 % 119      
    CHAIRS(3) 2018-06-01 1,980 768 200DB 17.49 % 346      
    CABINET DRAWER (3) 2018-08-13 1,194 463 200DB 17.49 % 209      
    OFFICE DESK (5) 2018-08-14 625 242 200DB 17.49 % 109      
    FREEZER 2019-01-14 766 109 200DB 24.49 % 188      
    MASTERCYCLER NEXUS.PCR 2019-02-28 7,938 1,588 200DB 32.00 % 2,540      
    MICROFUGE20 W/FA361.5 CENTRIFUGE 2019-03-05 2,355 471 200DB 32.00 % 754      
    FREEZER 2019-03-06 876 125 200DB 24.49 % 215      
    FREEZER 2019-03-27 657 94 200DB 24.49 % 161      
    NMINI SHAKER 15 ADVAN 120V 2019-09-23 1,340 191 200DB 24.49 % 328      
    ACOUSTIC TILE 2019-03-08 4,619 660 200DB 24.49 % 1,131      
    RADIATOR WEATHERPROOFING 2019-03-13 5,634 805 200DB 24.49 % 1,380      
    LASER PRINTER (2) 2019-01-08 1,226 245 200DB 32.00 % 392      
    DELL DESKTOP 2019-04-29 1,040 208 200DB 32.00 % 333      
    SSDH MEMORY 2019-04-29 600 120 200DB 32.00 % 192      
    LAPTOP 2019-07-23 3,298 660 200DB 32.00 % 1,055      
    COMPRESSOR 2019-07-31 7,359 1,472 200DB 32.00 % 2,355      
    SSDH MEMORY 2019-08-09 539 108 200DB 32.00 % 172      
    MONITOR 2019-08-22 1,093 219 200DB 32.00 % 350      
    MONITOR 2019-08-23 608 122 200DB 32.00 % 195      
    APPLE MACBOOK 2019-09-27 1,291 258 200DB 32.00 % 413      
    LAPTOP 2019-11-26 1,422 284 200DB 32.00 % 455      
    TABLE 2019-07-30 339 48 200DB 24.49 % 83      
    TABLE 2019-07-30 344 49 200DB 24.49 % 84      
    MICROVOLUME SPECTROPHOTOMETER 2020-03-17 10,300   200DB 20.00 % 2,060      
    JW BENCH PLASMA CLEANING/ETCHING 2020-03-27 6,046   200DB 20.00 % 1,209      
    PRE-WIRED FUME HOOD ASSEMBLY (3) 2020-04-14 37,697   200DB 20.00 % 7,539      
    LASER ENGRAVING & CUTTING SYSTEM 2020-04-20 15,264   200DB 20.00 % 3,053      
    LAB BENCH W/STACK DRAWERS (10) 2020-04-24 20,739   200DB 20.00 % 4,148      
    MODULAR COMPACT RHEOMETER 2020-04-27 63,394   200DB 20.00 % 12,679      
    RHEOMETER VACUUM PUMP 2020-05-14 8,770   200DB 20.00 % 1,754      
    LAB BENCH W/STACK DRAWERS (20) 2020-06-16 33,607   200DB 20.00 % 6,721      
    FREEZE DRY VACUUM PUMP/VACUUBRAND 2020-06-02 5,220   200DB 20.00 % 1,044      
    DIGITAL VORTEX MIXER 2020-06-08 703   200DB 20.00 % 141      
    BENCHTOP FREEZE DRYER 2020-06-26 9,004   200DB 20.00 % 1,801      
    LINEAR ACTUATOR 2020-07-13 940   200DB 20.00 % 188      
    MILLIPORESIGMA WATER PURIFICATION 2020-07-29 10,153   200DB 20.00 % 2,031      
    KEY SOURCE MEASURE UNIT 2020-08-04 9,524   200DB 20.00 % 1,905      
    BENCHTOP AUTOCLAVE 2020-08-07 15,900   200DB 20.00 % 3,180      
    PLASMA ETCH VACUUM PUMP 2020-08-18 1,451   200DB 20.00 % 290      
    SENSIT BT POTENTIOSTAT ANALYSER 2020-08-24 1,837   200DB 20.00 % 367      
    ACCU CAL 50 LED RADIOMETER SPT 2020-09-02 2,401   200DB 20.00 % 480      
    STATIC LOAD CELL (2)/SERRATED JAW 2020-09-10 5,742   200DB 20.00 % 1,148      
    VACUUM PUMP/DRYING CHAMBER 2020-09-14 8,288   200DB 20.00 % 1,658      
    LAB EQUIPMENT LASER 2020-09-21 6,130   200DB 20.00 % 1,226      
    HOOD STD DUCTLESS 48" 2020-09-30 3,570   200DB 20.00 % 714      
    LASER SCANNING CONFOCAL MICROSCOPE 2020-10-01 138,250   200DB 20.00 % 27,650      
    TANK AUTOMATIC SANITIZATION 2020-10-07 1,708   200DB 20.00 % 342      
    LIGHT DUTY SHAKER 2020-10-16 1,357   200DB 20.00 % 271      
    ELECTROCHEMICAL WORKSTATION 2020-05-27 12,530   200DB 20.00 % 2,506      
    DOUBLE SCISSOR LIFT TABLE 2020-03-16 739   200DB 14.29 % 106      
    SECURITY EQUIPMENT 2020-05-31 5,520   200DB 14.29 % 789      
    SECURITY EQUIPMENT 2020-07-01 700   200DB 14.29 % 100      
    DR K APPLE COMPUTER 2020-07-09 3,945   200DB 20.00 % 789      
    LAPTOP 2020-07-27 4,999   200DB 20.00 % 1,000      
    SECURITY EQUIPMENT 2020-07-30 834   200DB 14.29 % 119      
    APPLE 13.3" MACBOOK PRO 2020-08-28 1,314   200DB 20.00 % 263      
    SECURITY EQUIPMENT 2020-09-01 834   200DB 14.29 % 119      
    DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-10-15 1,022   200DB 20.00 % 204      
    DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-10-22 1,022   200DB 20.00 % 204      
    ACER SWIFT 3 THIN & LIGHT LAPTOP(2) 2020-10-22 1,442   200DB 20.00 % 288      
    PUMP & VACUUM 3/4 HP 2020-10-26 876   200DB 20.00 % 175      
    DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-10-28 1,022   200DB 20.00 % 204      
    PUMP & VACUUM 3/4 HP 2020-10-29 876   200DB 20.00 % 175      
    APPLE 13" MACBOOK PRO M1 CHIP W/8 2020-11-27 2,521   200DB 20.00 % 504      
    APPLE MACBOOK & 2 DELL INSPIRON 14" 2020-12-08 3,144   200DB 20.00 % 629      
    DELL INSPIRON 7000 2 IN 1 13.3" FHD 2020-12-21 1,431   200DB 20.00 % 286      
    DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-12-28 716   200DB 20.00 % 143      
    FLACKTEX SPEEDMIXER 2020-03-17 12,673   200DB 20.00 % 2,535      
    MICROSOFT SURFACE PRO 7 12.3" 2020-02-26 1,237   200DB 20.00 % 247      
    APPLE COMPUTER 2020-02-26 3,547   200DB 20.00 % 709      
    APPLE MACBOOK AIR 13.3 LAPTOP 2020-04-01 1,435   200DB 20.00 % 287      
    APPLE IPAD PRO 12.9" 2020-04-22 1,645   200DB 20.00 % 329      
    DOUBLE SCISSOR LIFT TABLE 2020-04-27 794   200DB 14.29 % 113      
    APPLE MACBOOK PRO 13" 2020-04-30 2,959   200DB 20.00 % 592      
    SECURITY EQUIPMENT 2020-05-31 1,000   200DB 14.29 % 143      
    DELL ULTRASHARP 35" CURVED MONITOR 2020-07-07 866   200DB 20.00 % 173      
    ASUS G14 LAPTOP 2020-07-13 1,592   200DB 20.00 % 318      
    SOFA 2020-04-23 764   200DB 14.29 % 109      
    SECURITY EQUIPMENT 2020-09-01 4,304   200DB 14.29 % 615      
    LEASEHOLD IMPROVEMENTS 2020-12-01 246,038   SL 0.11 % 263      

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 1,417,583 1,548,587

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 29,478,336 39,111,635

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    2,098,982
    US Government Securities - End of Year Fair Market Value:

    2,197,627
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES AT COST 16,178,571 17,115,797
    PRIVATE EQUITY PARTNERSHIPS AT COST 972,604 1,108,036

    TY 2020 LandEtcSchedule2
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 338,790 245,836 92,954  
    Machinery and Equipment 1,492,618 1,013,934 478,684  
    Improvements 313,182 53,374 259,808  
    Miscellaneous 128,857 83,780 45,077  


    TY 2020 LegalFeesSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HARRIS/THALER LAW 475 0 0 0
    KOPPLE, KLINGER & ELBAZ 137,751 0 0 0


    TY 2020 OtherAssetsSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CONSTRUCTION IN PROGRESS   25,774  


    TY 2020 OtherDecreasesSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    BOOK VS FORM 1099 LONG-TERM CAP GAIN DISTRIB VARIANCE 5,553
    FMV INCREASE OF CONTRIBUTION INCOME 89,226
    PRIOR PERIOD ADJUSTMENT - WASH SALES & NONDIVIDEND DISTRIB 159,292


    TY 2020 OtherExpensesSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 74,958     68,933
    BANK CHARGES 2,279      
    COMPUTER SUPPLIES 32,455     24,613
    DUES & SUBSCRIPTIONS 42,187     26,940
    EMPLOYEE BENEFITS 279,629     163,998
    EQUIPMENT RENTAL 9,019      
    EQUIPMENT REPAIRS 15,672     15,672
    INTERNET SERVICES 24,384     16,026
    INVESTMENT FEES 345,076 345,076 345,076  
    LAB COAT CLEANING 1,548     1,548
    LAB TESTING SERVICES 192     192
    LABORATORY SUPPLIES 141,453     141,453
    LIABILITY INSURANCE 37,078     12,042
    LIBRARY & SUBSCRIPTIONS 33,650     33,650
    LICENSE & PERMITS 36      
    MEALS & ENTERTAINMENT 8,667      
    MISCELLANEOUS 2,711     1,611
    OFFICE SUPPLIES 74,622     34,193
    OUTSIDE SERVICES 278,066     251,815
    PAYROLL PROCESSING SERVICES 4,498      
    PERSONNEL 107,022     83,457
    POSTAGE 4,875     2,264
    RESEARCH 29,039     29,039
    SOFTWARE LICENSING 35,508      
    STORAGE 271      
    TELEPHONE 6,491     4,294
    TRANSLATION 263     263
    WORKERS COMPENSATION INSURANCE 10,056     4,547


    TY 2020 OtherIncomeSchedule2
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLINICAL TRIAL FEES 3,100    
    L/T CAPITAL GAIN THRU K-1 18,534 18,534  
    Other Investment Income 2,855    
    OTHER PORTFOLIO INC K-1 15,317 15,317  
    S/T CAPITAL GAIN THRU K-1 7,126 7,126  
    TEST FEES 62,170    


    TY 2020 OtherIncreasesSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    BOOK VS FORM 1099 DIVIDEND INCOME VARIANCE 244,072
    BOOK VS FORM 1099 INTEREST INCOME VARIANCE 1,020


    TY 2020 OtherLiabilitiesSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    SALES TAX PAYABLE 20 6
    PAYROLL TAX PAYABLE   134


    TY 2020 SalesOfInventoryList 
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    SALES - BOOKS 547 9,721 -9,174
    BOOKSTORE 35 775 -740

    TY 2020 TaxesSchedule
    Name:
    TERASAKI INST FOR BIOMEDICAL INNOVATION
     
    FKA TERASAKI FAMILY FOUNDATION I
    EIN:
    95-4249502
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 39,999      
    FOREIGN TAX 24,312 24,312 24,312  
    PAYROLL TAX 214,474     110,437
    SALES TAX 35      
    STATE TAX 160