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
SIMPSON PSB FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)21 ORINDA WAY SUITE C 358
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ORINDA, CA94563
A Employer identification number

68-0168017
B Telephone number (see instructions)

(925) 254-6358
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$108,974,713J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 44,661 44,661  
4 Dividends and interest from securities... 1,544,234 1,544,234  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -8,431,706
b Gross sales price for all assets on line 6a 86,025,840
7 Capital gain net income (from Part IV, line 2)... 0
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 5,148 5,148  
12 Total. Add lines 1 through 11........ -6,837,663 1,594,043  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,792 0   3,792
b Accounting fees (attach schedule)....... Click to see attachment 64,000 0   64,000
c Other professional fees (attach schedule).... Click to see attachment 816,081 816,081   0
17 Interest............... 567 567   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 23,089 23,089   0
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 38,104 37,919   185
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 945,633 877,656   67,977
25 Contributions, gifts, grants paid....... 7,402,933 7,402,933
26 Total expenses and disbursements. Add lines 24 and 25 8,348,566 877,656   7,470,910
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,186,229
b Net investment income (if negative, enter -0-) 716,387
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............. 2,335,193 658,497 658,497
2 Savings and temporary cash investments.........      
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).......      
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).......... 93,215,866 Click to see attachment89,766,520 108,316,216
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) 95,551,059 90,425,017 108,974,713
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........ 42,044,057 42,044,057
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 53,507,002 48,380,960
29 Total net assets or fund balances (see instructions)..... 95,551,059 90,425,017
30 Total liabilities and net assets/fund balances (see instructions). 95,551,059 90,425,017
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
95,551,059
2
Enter amount from Part I, line 27a .....................
2
-15,186,229
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,060,187
4
Add lines 1, 2, and 3 ..........................
4
90,425,017
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
90,425,017
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 EQUITIES   2020-01-01 2020-12-31
b PUBLICLY TRADED EQUITIES   2020-01-01 2020-12-31
c PUBLICLY TRADED EQUITIES   2020-01-01 2020-12-31
d PUBLICLY TRADED EQUITIES   2020-01-01 2020-12-31
e MERCK & CO   2020-01-01 2020-01-30
FROM PARTNERSHIPS P 2020-01-01 2020-12-31
CAPITAL GAIN DIVIDENDS   2020-01-01 2020-12-31
(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 122,609     122,609
b 1,039,063   847,189 191,874
c 75,785   75,591 194
d 84,749,122   93,534,766 -8,785,644
e 13     13
16,828     16,828
22,420     22,420
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       122,609
b       191,874
c       194
d       -8,785,644
e       13
      16,828
      22,420
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 -8,431,706
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 9,958
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 9,958
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,958
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 208,449
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 208,449
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 10 198,491
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet198,491 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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
     
    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 addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (925) 254-6358

    Located atbullet21 ORINDA WAY SUITE C 358ORINDACA ZIP+4bullet94563
    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
    Yes
     
    .........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). Click to see attachment
    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
    SHARON SIMPSON PRESIDENT
    3.00     		0 0 0
    21 ORINDA WAY SUITE C 358
    ORINDA,CA94563
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    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
    BAKER AVENUE ASSET MANAGEMENT INVESTMENT MANAGEMENT 816,081
    301 BATTERY STREET FLOOR 2
    SAN FRANCISCO,CA94111
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    93,510,386
    b
    Average of monthly cash balances.......................
    1b
    5,724,895
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    99,235,281
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    99,235,281
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,488,529
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    97,746,752
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,887,338
    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
    4,887,338
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,958
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,958
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,877,380
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,877,380
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,877,380
    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
    7,470,910
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    7,470,910
    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
    7,470,910
    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 4,877,380
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 1,041,709
    d From 2018...... 1,139,402
    e From 2019...... 1,645,662
    fTotal of lines 3a through e........ 3,826,773
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,470,910
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 4,877,380
    e Remaining amount distributed out of corpus 2,593,530
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 6,420,303
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		6,420,303
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 1,041,709
    c Excess from 2018.... 1,139,402
    d Excess from 2019.... 1,645,662
    e Excess from 2020.... 2,593,530
    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).)
    SHARON SIMPSON
    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 e-mail address of the person to whom applications should be addressed:
    GRANT ADMINISTRATION
    21 ORINDA WAY SUITE C 358
    ORINDA,CA94563
    (925) 254-6358
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN SUBMISSION DETAILING THE CHARITABLE PURPOSE OF THE GRANT REQUEST, AND HOW IT RELATES TO THE LOCAL COMMUNITY, THE ARTS OR EDUCATION.
    cAny submission deadlines:
    NONE.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE GENERALLY GRANTED TO ORGANIZATIONS AND INITIATIVES THAT FURTHER AND IMPROVE THE LOCAL COMMUNITY, THE ARTS OR EDUCATIONAL RESOURCES.
    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
    ASSOCIATION OF CALIFORNIA SYMPHONY ORCHESTRAS
    PO BOX 71439
    LOS ANGELES,CA90071     		  PC TO SUPPORT ACSO'S FIRST EVER 2020 ANNUAL CONFERENCE ONLINE FOR ORCHESTRA COMMUNITY MEMBERS THE OPPORTUNITY TO LISTEN, LEARN, NETWORK AND SUPPORT EACH OTHER AFTER IN-PERSON CONFERENCES WERE CANCELED DUE TO COVID. 5,000
    AUDUBON CANYON RANCH
    4900 SHORELINE HIGHWAY 1
    STINSON BEACH,CA94970     		  PC TO SUPPORT ACR'S EDUCATION PROGRAM 25,000
    BERKELEY PUBLIC LIBRARY FOUNDATION
    2090 KITTREDGE STREET
    BERKELEY,CA94704     		  PC TO SUPPORT STEM LITERACY AND NEW PROJECTS AT ALL FIVE LIBARY LOCATIONS SUPPORTED BY THE BERKELEY PUBLIC LIBARY FOUNDATION. 1,000
    BIG WAVE PROJECT
    PO BOX 1901
    EL GRANADA,CA94018     		  PC TO SUPPORT BIG WAVE'S CAPITAL CAMPAIGN TO BUILD ITS LIVE-WORK-THRIVE COMMUNITY FOR ADULTS WITH SPECIAL NEEDS. 95,000
    CALIFORNIA COLLEGE OF THE ARTS
    1111 EIGHTH STREET
    SAN FRANCISCO,CA94107     		  PC TO SUPPORT CCA'S LORNA MEYER CALAS SCHOLARSHIP, TO PROVIDE CRUCIAL STUNDENT AID FOR TALENTED STUDENTS TO BE ABLE TO ENROLL AND SUSTAIN THEIR EDUCATION AT CCA. 5,000
    CALIFORNIA SHAKESPEARE THEATER
    701 HEINZ AVENUE
    BERKELEY,CA94710     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT FOR CAL SHAKES TO DELIVER THEATER PERFORMANCES, YOUTH EDUCATION PROGRAMS AND ARTISTIC ENGAGEMENT ACTIVITIES FOR ITS AUDIENCES AND THE LOCAL COMMUNITY 255,000
    CALIFORNIA SYMPHONY
    100 PRINGLE AVENUE SUITE 540
    WALNUT CREEK,CA94596     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT FOR CALIFORNIA SYMPHONY'S MUSIC EDUCATION PROGRAMS OFFERED TO MUSICIANS, AT-RISK BAY AREA STUDENTS, CLASSICALLY-CURIOUS ADULTS AND RISING COMPOSERS 175,000
    COMMUNITY ARTS FOUNDATION
    1666 NORTH MAIN STREET
    WALNUT CREEK,CA94596     		  PC TO SUPPORT CAF'S YEAR END CAMPAIGN TO FUND STUDENT SCHOLARSHIPS AND PROGRAMS 1,000
    COMPASSION & CHOICES
    101 SW MADISON STREET 8009
    PORTLAND,OR97207     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT FOR EXPANDING CHOICE AND IMPROVING CARE TO TERMINALLY ILL INDIVIDUALS 5,000
    DIABLO REGIONAL ARTS ASSOCIATION
    1601 CIVIC DRIVE
    WALNUT CREEK,CA94596     		  PC TO SUPPORT DRAA'S PAVE THE WAY FOR THE FUTURE CAMPAIGN 261,000
    FAMILIES WITHOUT BORDERS
    1555 BOTELHO DRIVE 175
    WALNUT CREEK,CA94596     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 10,000
    FIRST PLACE FOR YOUTH
    426 17TH STREET SUITE 100
    OAKLAND,CA94612     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 50,000
    FUTURES WITHOUT VIOLENCE
    100 MONTGOMERY STREET THE PRESIDIO
    SAN FRANCISCO,CA94129     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 15,000
    GIRLS INC OF ALAMEDA COUNTY
    510 16TH STREET
    OAKLAND,CA94612     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT AND SCHOLARSHIPS TO HELP GIRLS FROM UNDERSERVED BAY AREA COMMUNITIES RISE TO BE STRONG, SMART AND BOLD 646,000
    GIRLSMART LITERACY PROGRAM
    21 ORINDA WAY SUITE C 358
    ORINDA,CA94563     		  PF TO PROVIDE FUNDS FOR CHARITABLE GRANTS TO ORGANIZATIONS AND PROGRAMS THAT PROVIDE LITERACY-BASED, AFTER-SCHOOL PROGRAMS FOR GIRLS IN ECONOMICALLY DISTRESSED AND UNDER-RESOURCED COMMUNITIES 600,000
    HEIRS TO OUR OCEANS
    174 LAKEVIEW WAY
    REDWOOD CITY,CA94062     		  PC TO SUPPORT H2OO'S EFFORTS TO SECURE A PROGRAM COORDINATOR TO DELIVER VIRTUAL AND PRACTICAL STEM EDUCATION, AND TO SUPPORT UNDERSERVED YOUTH TO PARTICIPATE IN ITS ANNUAL SUMMIT FOR EMPOWERMENT ACTION AND LEADERSHIP 50,000
    JOHN MUIR HEALTH FOUNDATION
    1400 TREAT BLVD
    WALNUT CREEK,CA94597     		  PC TO SUPPORT ORGANIZATION'S COVID RESPONSE EFFORTS, IN HONOR OF CALVIN K. KNIGHT 10,000
    KALA ART INSTITUTE
    1060 HEINZ AVENUE
    BERKELEY,CA94710     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT THAT FURTHERS THE MISSION OF KALA ART INSTITUTE TO OFFER ART FACILITIES AND EDUCATION TO ARTISTS, THE GENERAL PUBLIC, AND PUBLIC SCHOOL CHILDREN 55,000
    KENNEDY-KING
    PO BOX 2643
    MARTINEZ,CA94553     		  PC TO PROVIDE FUNDS FOR STUDENT FINANCIAL AID AND SCHOLARSHIPS TO UNDERREPRESENTED MINORITY STUDENTS ATTENDING OR COMING FROM ONE OF THE THREE CONTRA COSTA COUNTY COMMUNITY COLLEGES 10,000
    LA CASA DE LAS MADRES
    1269 HOWARD STREET
    SAN FRANCISCO,CA94103     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 5,000
    LAFAYETTE LIBRARY AND LEARNING CENTER FOUNDATION
    3491 MT DIABLO BLVD
    LAFAYETTE,CA94549     		  PC TO SUPPORT THE LAFAYETTE LIBRARY AND LEARNING CENTER FOUNDATION SIMPSON LITERARY PROJECT THAT INCLUDES WRITING WORKSHOPS FOR UNDERSERVED YOUTH, AN ANNUAL WRITING AWARD FOR A MID-CAREER AUTHOR, AND EVENTS TO SUPPORT ASPIRING WRITERS AND AUTHORS IN RESIDENCE. 50,000
    LAS TRAMPAS
    757 ARNOLD DRIVE SUITE C
    MARTINEZ,CA94553     		  PC TO SUPPORT YEAR END ANGEL CAMPAIGN AS A MATCHING DONATION, AND TO HONOR CONNIE STOKES COLLIER 45,000
    LOS ANGELES DANCE PROJECT
    2245 E WASHINGTON BLVD
    LOS ANGELES,CA90021     		  PC TO SUPPORT ORGANIZATION'S EDUCATIONAL PROGRAMMING THROUGH A SERIES OF MASTER CLASSES, MINI DANCE INTENSIVES, AND DIGITAL SUBSCRIPTIONS 70,000
    MONUMENT CRISIS CENTER
    1990 MARKET STREET
    CONCORD,CA94520     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 2,500
    MUSEUM OF CRAFT AND DESIGN
    2569 THIRD STREET
    SAN FRANCISCO,CA94107     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 35,000
    NATIONAL MS SOCIETY
    PO BOX 590779
    SAN FRANCISCO,CA94159     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 1,000
    NORTHERN LIGHT SCHOOL
    3710 DORISA AVENUE
    OAKLAND,CA94605     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT TO EDUCATING THE "WHOLE CHILD", INCLUDING A GRANT TO HONOR 30 YEARS OF NORTHERN LIGHT SCHOOL, AND A GIFT TO HONOR CORNELL MAIER 47,500
    NORTHWEST MARITIME CENTER
    431 WATER STREET
    PORT TOWNSEND,WA98368     		  PC TO SUPPORT THE NMC'S REAL WORLD READINESS PROGRAM THAT RECONNECTS VULNERABLE YOUTH WITH THE COMMUNITY THROUGH VOCATIONAL TRAINING 40,000
    OAKLAND LEAF
    520 3RD STREET
    OAKLAND,CA94607     		  PC TO HELP OAKLAND LEAF PURCHASE TECHNOLOGY TO EQUIP PROGRAM INSTRUCTORS TO TEACH AND ENGAGE STUDENTS ONLINE DURING COVID 110,000
    OAKLAND MUSEUM OF CALIFORNIA
    1000 OAK STREET
    OAKLAND,CA94607     		  PC TO SUPPORT THE ANNUAL OPERATING FUND AND THE ALL IN! CAMPAIGN 500,000
    ORANGE COUNTY CHILDREN'S THERAPEUTIC ARTS
    2215 NORTH BROADWAY
    SANTA ANA,CA92706     		  PC TO SUPPORT THE OCCTA'S ARTS ENRICHMENT PROGRAMS FOR AT-RISK YOUTH AND SPECIAL NEEDS CHILDREN 40,000
    PARA LOS NINOS
    5000 HOLLYWOOD BLVD
    LOS ANGELES,CA90027     		  PC TO SUPPORT THE ORGANIZATION'S SOCIAL-EMOTIONAL & INTEGRATED SERVICES MODEL PROJECT 25,000
    PAUL DRESHER ENSEMBLE
    55 TAYLOR STREET
    SAN FRANCISCO,CA94102     		  PC TO BENEFIT THE ORGANIZATION'S MUSICAL TRADITIONS PROGRAMS, CONCERTS AND THEATER WORK 1,500
    PIEDMONT MAKERS
    10 MONTE AVENUE
    PIEDMONT,CA94611     		  PC TO SUPPORT A TEAM COMPETING IN AN ADVANCED ROBOTICS COMPETITION AMONG RISING 7TH THROUGH 12TH GRADERS 2,500
    PROJECT HOPE ALLIANCE
    1954 PLACENTIA AVENUE SUITE 202
    COSTA MESA,CA92627     		  PC A GRANT FOR PROJECT HOPE ALLIANCES' RAPID RESPONSE PROGRAM TO SERVE FAMILIES ACROSS ORANGE COUNTY 65,000
    RUTH BANCROFT GARDEN
    1552 BANCROFT ROAD
    WALNUT CREEK,CA94598     		  PC TO PROVIDE OPERATING SUPPORT, INCLUDING GARDEN MAINTENANCE AND RENOVATIONS, PROGRAMS TO EXPAND THE GARDEN'S CHILDREN'S EDUCATIONAL SUMMER CAMPS, AND SEED FUNDING FOR RENOVATING RUTH'S FOLLY 73,500
    SAVE MOUNT DIABLO
    1901 OLYMPIC BLVD SUITE 320
    WALNUT CREEK,CA94596     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 2,000
    SUSAN G KOMEN BREAST CANCER FOUNDATION
    5005 LBJ FREEWAY SUITE 526
    DALLAS,TX75244     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 2,500
    TEACH FOR AMERICA
    PO BOX 398296
    SAN FRANCISCO,CA94139     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 10,000
    THE CRUCIBLE
    1260 7TH STREET
    OAKLAND,CA94607     		  PC TO SUPPORT THE CRUCIBLE'S YOUTH INDUSTRIAL ARTS PROGRAMS THAT PROVIDES A SAFE PLACE FOR BAY AREA YOUTH TO RECEIVE HANDS-ON INSTRUCTION AND INSPIRATION IN THE FINE AND INDUSTRIAL ARTS 51,500
    THE ECOLOGY CENTER
    32701 ALIPAZ STREET
    SAN JUAN CAPISTRANO,CA92675     		  PC TO SUPPORT THE ORGANIZATION'S EXPANDED FEAST VERDE AND DIGITAL PROGRAMMING 75,000
    THE EDIBLE SCHOOLYARD PROJECT
    1517 SHATTUCK AVENUE
    BERKELEY,CA94709     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 10,000
    THE GARDENS AT HEATHER FARMS
    1540 MARCHBANKS DRIVE
    WALNUT CREEK,CA94598     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 5,000
    THE OXBOW SCHOOL
    530 THIRD STREET
    NAPA,CA94559     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT, SCHOLARSHIPS FOR STUDENTS, CAMPUS MAINTENANCE, AND PROTECTIVE SUPPLIES 10,000
    THE RON FINLEY PROJECT
    PO BOX 3664
    BEVERLY HILLS,CA90212     		  PC TO SUPPORT THE 2020/2021-TARGETED PROGRAMS, GENERAL OPERATIONAL SUPPORT, AND ORGANIZATIONAL CHANGES DUE TO COVID 45,000
    THE UNDERGROUND MUSEUM
    3508 WASHINGTON BLVD
    LOS ANGELES,CA90018     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 90,000
    THE ZELLERBACH FAMILY FOUNDATION
    455 MARKET STREET SUITE 2200
    SAN FRANCISCO,CA94105     		  PF TO SUPPORT THE COMMUNITY ARTS PROGRAM, A COLLABORATIVE FUNDING INITIATIVE WHERE ZFF RECEIVES AND DIRECTS THE ENTIRE GRANT RECEIVED ONLY TO ELIGIBLE 501(C)(3) ORGANIZATIONS THAT OFFER ART EXPERIENCES, MULTICULTURAL ART, AND PROGRAMS THAT ENGAGE NEW ARTISTS AND AUDIENCES. 25,000
    TRANSCENDENCE THEATRE COMPANY
    19201 SONOMA HIGHWAY 214
    SONOMA,CA95476     		  PC TO SUPPORT THE ORGANIZATION'S ARTS AND VALUES EDUCATION FUND 25,000
    UC BERKELEY ART MUSEUM & PACIFIC FILM ARCHIVE
    2120 OXFORD STREET 2250
    BERKELEY,CA94720     		  PC TO SUPPORT THE ORGANIZATION'S ANNUAL FUND AND NEW ART EXHIBITIONS, BY MATCHING ALL QUALIFYING DONATIONS FROM NEW DONORS AND MEMBERS 3,420,000
    UC BERKELEY FOUNDATION
    1995 UNIVERSITY AVENUE SUITE 400
    BERKELEY,CA94704     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT WHERE NEEDED THE MOST BY THE UNIVERSITY 5,000
    UC PRESS FOUNDATION
    155 GRAND AVENUE SUITE 400
    OAKLAND,CA94612     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT THAT FURTHERS THE ORGANIZATION'S MISSION TO SUSTAIN FIERCELY INDEPENDENT PUBLISHING ETHOS 15,000
    UC SANTA CRUZ FOUNDATION
    1156 HIGH STREET
    SANTA CRUZ,CA95064     		  PC TO SUPPORT THE ACCESS PROGRAM IN THE SCHOOL'S DIVISION OF PHYISCAL AND BIOLOGICAL SCIENCES FOR THREE YEARS, WHICH ADDS THREE STUDENTS PER YEAR TO ITS SUMMER RESEARCH INSTITUTE AND THREE NEW SCHOLARSHIPS PER YEAR 178,433
    UC THEATRE BERKELEY MUSIC GROUP
    2036 UNIVERSITY AVENUE
    BERKELEY,CA94704     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 15,000
    UCSF FOUNDATION
    220 MONTGOMERY STREET
    SAN FRANCISCO,CA94143     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 20,000
    WALNUT CREEK LIBRARY FOUNDATION
    1644 NORTH BROADWAY
    WALNUT CREEK,CA94596     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 1,000
    YERBA BUENA CENTER FOR THE ARTS
    701 MISSION STREET
    SAN FRANCISCO,CA94103     		  PC TO PROVIDE FUNDS FOR UNRESTRICTED GENERAL SUPPORT 10,000
    Total .................................bullet 3a 7,402,933
    bApproved for future payment
    Total .................................bullet 3b 0
    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 44,661  
    4 Dividends and interest from securities....     14 1,544,234  
    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 5,148  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -8,431,706  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 -6,837,663 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -6,837,663
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX PREPARATION FEES 64,000 0   64,000

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE ZELLERBACH FAMILY FOUNDATION
          		455 MARKET STREET SUITE 2200
    SAN FRANCISCO,CA94105     		2020-06-08 25,000 TO SUPPORT A COLLABORATIVE FUNDING INITIATIVE THAT SUPPORTS THE COMMUNITY ARTS PROGRAM, WHERE THE ZELLERBACH FAMILY FOUNDATION RECEIVES AND DIRECTS THE ENTIRE GRANT, AS AN AGENT, ONLY TO ELIGIBLE 501(C)(3) ORGANIZATIONS THAT OFFER ART EXPERIENCES, MULTICULTURAL ART, AND PROGRAMS THAT ENGAGE NEW ARTISTS AND AUDIENCES. 25,000 NO NO REPORTS DUE DURING TAX YEAR   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON INFORMATION FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
    GIRLSMART LITERACY PROGARM
          		21 ORINDA WAY SUITE C 358
    ORINDA,CA94563     		2020-03-24 600,000 TO SUPPORT ELIGIBLE 501(C)(3) ORGANIZATIONS THAT PROVIDE LITERACY-BASED, AFTER-SCHOOL PROGRAMS FOR GIRLS IN ECONOMICALLY DISTRESSED AND UNDER-RESOURCED COMMUNITIES. 600,000 NO NO REPORTS DUE DURING TAX YEAR   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON INFORMATION MADE AVAILABLE BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PUBLIC EQUITIES & EXCH TRADED FUNDS AT COST 84,647,893 101,774,352
    HOUSATONIC EQUITY INVESTORS IIA, LP AT COST 282,773 2,025
    RIVI OPPORTUNITY FUND, LP AT COST 310,074 650,450
    BERKELEY SKYDECK FUND I, LP AT COST 347,529 421,613
    PENINSULA VENTURES IV, LP AT COST 678,251 1,050,970
    SURF AIR INC. AT COST 2,500,000 3,416,806
    B REIT AT COST 1,000,000 1,000,000

    TY 2020 LegalFeesSchedule
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 3,792 0   3,792


    TY 2020 OtherExpensesSchedule
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FROM PARTNERSHIPS 31,321 31,321   0
    INVESTMENT TRANSACTION COSTS 6,598 6,598   0
    STATE FILING FEES 185 0   185


    TY 2020 OtherIncomeSchedule2
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 5,148 5,148 5,148


    TY 2020 OtherIncreasesSchedule
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Description Amount
    BOOK/TAX ADJUSTMENTS 10,060,187


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 816,081 816,081   0


    TY 2020 TaxesSchedule
    Name:
    SIMPSON PSB FUND
    EIN:
    68-0168017
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 23,089 23,089   0