Form990-PF
Click to see attachment

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
SEMNANI FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 11623
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84147
A Employer identification number

74-2639794
B Telephone number (see instructions)

(801) 321-7725
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$121,782,410J 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) 3,103,003
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,160,118 2,150,773  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,250,090
b Gross sales price for all assets on line 6a 80,830,899
7 Capital gain net income (from Part IV, line 2)... 7,203,193
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 25,705 -4,780  
12 Total. Add lines 1 through 11........ 10,538,916 9,349,186  
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 10,675 0   10,675
b Accounting fees (attach schedule)....... Click to see attachment 12,820 0   12,820
c Other professional fees (attach schedule).... Click to see attachment 358,827 273,963   84,084
17 Interest............... 32,112 31,080   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 62,130 38,610   20
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 20 0   20
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 107,953 99   107,854
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 584,537 343,752   215,473
25 Contributions, gifts, grants paid....... 4,846,589 4,846,589
26 Total expenses and disbursements. Add lines 24 and 25 5,431,126 343,752   5,062,062
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,107,790
b Net investment income (if negative, enter -0-) 9,005,434
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 254,743 199,051 6,652,020
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)....... 91,337,973 Click to see attachment96,350,611 111,775,390
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment920,335 Click to see attachment920,335 Click to see attachment3,355,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 92,513,051 97,469,997 121,782,410
Liabilities 17 Accounts payable and accrued expenses.......... 822 28,554
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)......... 822 28,554
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........ 2,401,271 2,401,271
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 90,110,958 95,040,172
29 Total net assets or fund balances (see instructions)..... 92,512,229 97,441,443
30 Total liabilities and net assets/fund balances (see instructions). 92,513,051 97,469,997
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
92,512,229
2
Enter amount from Part I, line 27a .....................
2
5,107,790
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
97,620,019
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
178,576
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
97,441,443
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 ARROWHEAD CAPITAL FUND III, LP P   2020-12-31
b ARROWHEAD CAPITAL FUND III, LP P   2020-12-31
c ARROWHEAD CAPITAL FUND III, LP P   2020-12-31
d GREENSPRING OPPORTUNITIES IV, L.P. P   2020-12-31
e GREENSPRING OPPORTUNITIES IV, L.P. P   2020-12-31
KOHLBERG TE INVESTORS IX, L.P. P   2020-12-31
LEAVITT EQUITY PARTNERS II, L.P. P   2020-12-31
LEAVITT EQUITY PARTNERS II, L.P. P   2020-12-31
LEAVITT EQUITY PARTNERS II, L.P. P   2020-12-31
LEVINE LEICHTMAN CAPITAL PARTNERS V, LP P   2020-12-31
LK OPPORTUNITIES FUND II Q LP P   2020-12-31
LK OPPORTUNITIES FUND II Q LP P   2020-12-31
LK OPPORTUNITIES FUND II Q LP P   2020-12-31
LK OPPORTUNITIES FUND II Q LP P   2020-12-31
MERCATO PARTNERS GROWTH II, LP P   2020-12-31
MERCATO PARTNERS GROWTH II, LP P   2020-12-31
MERCATO PARTNERS GROWTH II, LP P   2020-12-31
NORTHERN TRUST LT PUBLICLY TRADED SECURITIES P    
NORTHERN TRUST ST PUBLICLY TRADED SECURITIES P    
PIMCO BRAVO FUND II OFFSHORE FEEDER AIV I, L.P. P   2020-12-31
PIMCO BRAVO FUND ONSHORE FEEDER II, L.P. P   2020-12-31
USAA EAGLE REAL ESTATE FEEDER 1, LP P   2020-12-31
CAPITAL GAINS DIVIDENDS P    
(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 349     349
b 7,325   7,325 0
c     18,417 -18,417
d 2,240     2,240
e     14,614 -14,614
29   29 0
    3 -3
    128 -128
      0
    11 -11
5,217     5,217
1     1
    12,378 -12,378
1,267   1,267 0
18,005     18,005
135,556     135,556
148,648     148,648
37,966,508   31,785,956 6,180,552
42,498,239   41,786,666 711,573
2,022     2,022
    912 -912
396     396
45,097     45,097
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       349
b       0
c       -18,417
d       2,240
e       -14,614
      0
      -3
      -128
      0
      -11
      5,217
      1
      -12,378
      0
      18,005
      135,556
      148,648
      6,180,552
      711,573
      2,022
      -912
      396
      45,097
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 7,203,193
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................................ 1 125,176
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........................... 3 125,176
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- ..... 5 125,176
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 54,094
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 60,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 114,094
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 11,082
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletUT
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletSEMNANIFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (801) 321-7725

    Located atbulletPO BOX 11623SALT LAKE CITYUT ZIP+4bullet84147
    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
     
    No
    .........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
    KHOSROW SEMNANI DIRECTOR
    1.00     		0 0 0
    PO BOX 11623
    SALT LAKE CITY,UT84147
    SHIRIN KIA DIRECTOR
    0.50     		0 0 0
    PO BOX 11623
    SALT LAKE CITY,UT84147
    GHAZALEH SEMNANI DIRECTOR
    1.00     		0 0 0
    PO BOX 11623
    SALT LAKE CITY,UT84147
    TAYMOUR SEMNANI DIRECTOR
    0.50     		0 0 0
    PO BOX 11623
    SALT LAKE CITY,UT84147
    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
    MERRILL LYNCH INVESTMENT MANAGEMENT 109,105
    60 E S TEMPLE ST STE 200-61
    SALT LAKE CITY,UT84111
    MANSOOR EMAM CONSULTING ON MEDICAL GRANTS AND OPERATING PROGRAM 70,320
    65 E TWIN PEAKS ST
    MIDVALE,UT84047
    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 DIRECT PAYMENT OF UTILITIES, INSURANCE, REPAIRS, AND OTHER RELATED EXPENSES FOR BUILDINGS USED EXCLUSIVELY BY THE MALIHEH FREE CLINIC (MFC) AND REFUGEE JUSTICE LEAGUE (RJL). MFC IS A PUBLIC CHARITY PROVIDING FREE MEDICAL SERVICES FOR UNINSURED AND LOW-INCOME INDIVIDUALS AND FAMILIES. RJL IS A PUBLIC CHARITY FOUNDED TO PROMOTE AND DEFEND CONSTITUTIONAL RIGHTS OF ALL REFUGEES IN THE UNITED STATES OF AMERICA. 99,910
    2 ASSISTANCE WITH ECONOMIC IMPROVEMENT AND DEVELOPMENT OF DISADVANTAGED INDIVIDUALS. 7,661
    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
    102,375,469
    b
    Average of monthly cash balances.......................
    1b
    2,963,647
    c
    Fair market value of all other assets (see instructions)................
    1c
    20,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    105,359,116
    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
    105,359,116
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,580,387
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    103,778,729
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,188,936
    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
    5,188,936
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    125,176
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    125,176
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,063,760
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,063,760
    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
    5,063,760
    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
    5,062,062
    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
    5,062,062
    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
    5,062,062
    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 5,063,760
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 3,308,546
    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......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,062,062
    a Applied to 2019, but not more than line 2a 3,308,546
    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..... 1,753,516
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		3,310,244
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    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
     
    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).)
    KHOSROW SEMNANI
    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:
    KHOSROW SEMNANI
    PO BOX 11623
    SALT LAKE CITY,UT84147
    (801) 321-7725
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS SHOULD BE MAILED IN THE FORM OF A LETTER.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ACLU FOUNDATION
    ATTN DEVELOPMENT 125 BROAD STREET
    18TH FLOOR
    NEW YORK,NY10004     		  PUBLIC GENERAL CONTRIBUTION 100,000
    AFRIKA TIKKUN
    1401 HILLSIDE ROAD
    WYNNEWOOD,PA190962406     		  PUBLIC GENERAL CONTRIBUTION 100,000
    AMERICAN INSTITUTE FOR CANCER RESEARCH
    PO BOX 96110
    WASHINGTON,DC200777905     		  PUBLIC GENERAL CONTRIBUTION 5,000
    AMERICAN RED CROSS UT & NV REGION
    C/O DAVID K CHAMBERS 6616 S 900 E
    SALT LAKE CITY,UT84121     		  PUBLIC GENERAL CONTRIBUTION 50,000
    BASKERVILLE INSTITUTE
    1338S FOOTHILL DRIVE 225
    SALT LAKE CITY,UT84108     		  PUBLIC GENERAL CONTRIBUTION 5,000
    BEAR LAKE VALLEY HEALTH CARE FOUNDATION
    164 SOUTH 5TH STREET
    MONTPELIER,ID83254     		  PUBLIC GENERAL CONTRIBUTION 2,000
    BRIDGE OF LIFE
    2000 16TH ST
    DENVER,CO80202     		  PUBLIC GENERAL CONTRIBUTION 3,107
    CAMPAIGN FOR HUMAN RIGHTS INC
    137 MONTAGUE STREET PBA 384
    BROOKLYN,NY11201     		  PUBLIC GENERAL CONTRIBUTION 10,000
    CARE
    PO BOX 1870
    MERRIFIELD,VA221168070     		  PUBLIC GENERAL CONTRIBUTION 2,500
    CATHOLIC RELIEF SERVICES
    PO BOX 17526
    BALTIMORE,MD21298     		  PUBLIC GENERAL CONTRIBUTION 100,000
    CENTER FOR GLOBAL SURGERY AT U OF U
    201 PRESIDENTS CIR RM 411
    SALT LAKE CITY,UT841129022     		  PUBLIC GENERAL CONTRIBUTION 20,000
    CHABAD LUBAVITCH OF UTAH INC
    1760 SOUTH 1100 EAST
    SALT LAKE CITY,UT84105     		  PUBLIC GENERAL CONTRIBUTION 10,000
    CHILDRENS CENTER
    350 SOUTH 400 EAST
    SALT LAKE CITY,UT84111     		  PUBLIC GENERAL CONTRIBUTION 3,000
    EYE CARE KIDS FOUNDATION
    6911 SOUTH STATE STREET
    MIDVALE,UT84047     		  PUBLIC GENERAL CONTRIBUTION 2,500
    GARY & JEANETTE HERBERT FOUNDATION
    5842 S FOUNTAIN BLEU CIR
    SALT LAKE CITY,UT84121     		  PUBLIC GENERAL CONTRIBUTION 25,000
    HABITAT FOR HUMANITY
    322 W LAMAR ST
    AMERICUS,GA317099906     		  PUBLIC GENERAL CONTRIBUTION 2,500
    HUNTSMAN CANCER FOUNDATION
    500 HUNTSMAN WAY
    SALT LAKE CITY,UT84108     		  PUBLIC GENERAL CONTRIBUTION 250,000
    IMPACT MENTAL HEALTH
    515 E 4500 S G220
    SALT LAKE CITY,UT84107     		  PUBLIC GENERAL CONTRIBUTION 10,000
    INTERETHNIC HEALTH ALLIANCE
    PO BOX 526089
    SALT LAKE CITY,UT84152     		  PUBLIC GENERAL CONTRIBUTION 9,000
    IRANIAN AMERICAN SOCIETY OF UTAH
    PO BOX 581511
    SALT LAKE CITY,UT84158     		  PUBLIC GENERAL CONTRIBUTION 5,000
    ISLAMIC SEMINARY FOUNDATION INC
    153 GREENWOOD STREET
    NEW HAVEN,CT06511     		  PUBLIC GENERAL CONTRIBUTION 2,500
    ISLAMIC SOCIETY OF GREATER SLC
    1019 WEST PARKWAY AVENUE
    WEST VALLEY CITY,UT84119     		  PUBLIC GENERAL CONTRIBUTION 26,000
    JOHNS HOPKINS SAIS FOREIGN POLICY INSTITUTE
    1619 MASSACHUSETTS AVE NW ROME
    BUILDING SUITE 734
    WASHINGTON,DC20036     		  PUBLIC GENERAL CONTRIBUTION 25,000
    KUER FM 90
    101 WASATCH DRIVE
    SALT LAKE CITY,UT84112     		  PUBLIC GENERAL CONTRIBUTION 1,200
    LDS CHARITIES
    ATTN ALAN MOORE 1450 N UNIVERSITY
    AVE
    PROVO,UT84604     		  PUBLIC GENERAL CONTRIBUTION 99,000
    MADINA MASJID
    1576 W SNOW QUEEN PLACE 132
    SALT LAKE CITY,UT84104     		  PUBLIC GENERAL CONTRIBUTION 2,000
    MALIHEH FREE CLINIC
    941 E 3300 S
    SALT LAKE CITY,UT84106     		  PUBLIC GENERAL CONTRIBUTION 136,200
    MIT
    600 TECHNOLOGY SQUARE NE49 3RD
    FLOOR
    CAMBRIDGE,MA02139     		  PUBLIC GENERAL CONTRIBUTION 100,000
    MOMS AGAINST POVERTY
    1337 FOLSOM STREET
    SAN FRANCISCO,CA94103     		  PUBLIC GENERAL CONTRIBUTION 10,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    1440 FOOTHILL DRIVE SUITE 200
    SALT LAKE CITY,UT84108     		  PUBLIC GENERAL CONTRIBUTION 10,000
    NEIGHBORHOOD HOUSE ASSOCIATION
    1050 WEST 500 SOUTH
    SALT LAKE CITY,UT841041319     		  PRIVATE GENERAL CONTRIBUTION 35,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036     		  PUBLIC GENERAL CONTRIBUTION 100,000
    PENNY APPEAL USA
    2461 EISENHOWER AVE 2ND FLOOR
    ALEXANDRIA,VA22314     		  PUBLIC GENERAL CONTRIBUTION 100,000
    PLANNED PARENTHOOD ASSOCIATION OF UTAH
    654 SOUTH 900 EAST
    SALT LAKE CITY,UT84102     		  PUBLIC GENERAL CONTRIBUTION 500
    REFUGEE JUSTICE LEAGUE
    415 E 3900 S
    SALT LAKE CITY,UT84152     		  PUBLIC GENERAL CONTRIBUTION 2,000
    RESCUE MISSION OF SALT LAKE INC
    PO BOX 1431
    SALT LAKE CITY,UT84111     		  PUBLIC GENERAL CONTRIBUTION 1,000
    RISE AND REBUILD FOUNDATION
    3008 E FALLENTINE ROAD
    SANDY,UT84093     		  PUBLIC GENERAL CONTRIBUTION 10,000
    RISING STAR OUTREACH
    3305 N UNIVERSITY AVE STE 250
    PROVO,UT846047423     		  PUBLIC GENERAL CONTRIBUTION 17,000
    SAVE THE CHILDREN
    C/O ELIZABETH MCNIFF 501 KINGS
    HIGHWAY EAST STE 400
    FAIRFIELD,CT06825     		  PUBLIC GENERAL CONTRIBUTION 10,000
    SHRINERS HOSPITAL FOR CHILDREN
    FAIRFAX ROAD AT VIRGINIA STREET
    SALT LAKE CITY,UT84103     		  PUBLIC GENERAL CONTRIBUTION 100,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PLACE MSC 512
    MEMPHIS,TN381053678     		  PUBLIC GENERAL CONTRIBUTION 107,212
    SUDAN RELIEF FUND
    3220 N STREET NW SUITE 302
    WASHINGTON,DC20077     		  PUBLIC GENERAL CONTRIBUTION 2,500
    SYRIAN AMERICAN MEDICAL SOCIETY FOUNDATION
    PO BOX 34115
    WASHINGTON,DC200779810     		  PUBLIC GENERAL CONTRIBUTION 5,000
    THE ROTARY FOUNDATION OF ROTARY INTERNATIONAL
    ONE ROTARY CENTER 1560 SHERMAN AVE
    EVANSTON,IL60201     		  PUBLIC GENERAL CONTRIBUTION 2,000
    THE SALT LAKE CITY POLICE FOUNDATION
    PO BOX 3234
    SALT LAKE CITY,UT84101     		  PUBLIC GENERAL CONTRIBUTION 10,000
    THEIR STORY IS OUR STORY
    PO BOX 970771
    OREM,UT84097     		  PUBLIC GENERAL CONTRIBUTION 1,000
    UNIVERSITY OF UTAH
    C/O LIZ IVOKOVICH KINGSBURY HALL
    SALT LAKE CITY,UT84112     		  PUBLIC GENERAL CONTRIBUTION 3,000
    UNIVERSITY OF UTAH HINCKLEY INSTITUTE OF POLITICS
    201 PRESIDENTS CIRCLE
    SALT LAKE CITY,UT84112     		  PUBLIC GENERAL CONTRIBUTION 4,000
    UTAH MUSLIM CIVIC LEAGUE
    46 W BROADWAY SUITE 143
    SALT LAKE CITY,UT84101     		  PUBLIC GENERAL CONTRIBUTION 25,000
    UTAH PARTNERS FOR HEALTH
    7651 SOUTH MAIN STREET
    MIDVALE,UT84047     		  PUBLIC GENERAL CONTRIBUTION 2,000
    VANGUARD CHARITABLE ENDOWMENT PROGRAM
    PO BOX 55766
    BOSTON,MA022055766     		  PUBLIC GENERAL CONTRIBUTION 3,158,870
    VETERANS RESOURCE CENTER OF AMERICA
    PO BOX 378
    SANA ROSA,CA95402     		  PUBLIC GENERAL CONTRIBUTION 500
    VOICES OUT INC
    8491 SUNSET BLVD SUITE 277
    WEST HOLLYWOOD,CA90069     		  PUBLIC GENERAL CONTRIBUTION 10,000
    WEST SIDE THEATRE COMPANY
    7366 N PAWNEE ROAD
    EAGLE MOUNTAIN,UT84005     		  PUBLIC GENERAL CONTRIBUTION 5,000
    WOMEN FOR WOMEN INTERNATIONAL
    2000 M STREET NW SUITE 200
    WASHINGTON,DC20036     		  PUBLIC GENERAL CONTRIBUTION 2,500
    WOMEN OF THE WORLD
    415 E 3900 S
    SALT LAKE CITY,UT84152     		  PUBLIC GENERAL CONTRIBUTION 5,000
    YWCA
    322 EAST 300 SOUTH
    SALT LAKE CITY,UT84111     		  PUBLIC GENERAL CONTRIBUTION 1,000
    Total .................................bullet 3a 4,846,589
    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 ...........     		         
    4 Dividends and interest from securities.... 900000 9,345 14 2,150,773  
    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 27,773  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099 8,620 18 5,241,470  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLK OPPORTUNITIES FUND II Q LP     		900099 -1,161      
    bLEAVITT EQUITY PARTNERS II, L.P. 900099 -907      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 15,897 7,420,016 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,435,913
    (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
    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
    SEMNANI FAMILY FOUNDATION
     
    Employer identification number

    74-2639794
    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
    SEMNANI FAMILY FOUNDATION
          		Employer identification number
    74-2639794
    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
    KHOSROW SEMNANI
    PO BOX 11623
     
    SALT LAKE CITY, UT84147

    		$ 3,103,003


    (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.)
    (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.)
    (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
    SEMNANI FAMILY FOUNDATION
          		Employer identification number

    74-2639794
    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
    1
    		 9,279 SHARES MFO VANGUARD INSTL INDEX FD SH BEN INT $ 3,103,003 2020-12-28
    (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
    SEMNANI FAMILY FOUNDATION
          		Employer identification number

    74-2639794
    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:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 12,820 0   12,820

    TY 2020 GeneralExplanationAttachment
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Identifier Return Reference Explanation
    STATEMENT REQUIRED BY REGULATION SECTION 53.4945-5(D) FORM 990-PF INFORMATION WITH RESPECT TO EXPENDITURE RESPONSIBILITY GRANTS1) GRANTEE: PERSIAN HERITAGE FOUNDATION 450 RIVERSIDE DRIVE, SUITE 24 NEW YORK, NY 100272) DATE PAID AMOUNT NOVEMBER 11, 2015 $25,000 AUGUST 4, 2016 $25,000 OCTOBER 2, 2017 $25,000 AUGUST 16, 2019 $25,0003) PURPOSE: LINGUISTAL RESEARCH TO PRESERVE ENDANGERED LANGUAGES4) AMOUNT OF GRANT SPENT BY GRANTEE AS OF DECEMBER 31, 2020: $200,0005) DIVERSION: TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORT FURNISHED BY THE GRANTEE, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE6) DATE OF REPORTS RECEIVED FROM GRANTEE: QUARTERLY THROUGHOUT 20207) SEMNANI FAMILY FOUNDATION REVIEWED THE GRANT REPORTS BUT DID NOT UNDERTAKE ANY VERIFICATION OF THE GRANTEE'S REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY
      PART VII-B LINE 1(A)4 THE FOUNDATION REIMBURSED CERTAIN BUSINESS, TRAVEL ANDMEETING EXPENSES THAT WERE INCURRED BY MEMBERS OF THECORPORATION AND BOARD WHILE CONDUCTING FOUNDATION BUSINESS.ALL OF THE ABOVE ARE EXCEPTIONS TO SELF-DEALING BECAUSE THEEXPENSE REIMBURSEMENTS WERE REASONABLE AND NECESSARYTO CARRY OUT THE EXEMPT PURPOSE OF THE FOUNDATION AND WERENOT EXCESSIVE.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 96,350,611 111,775,390

    TY 2020 LegalFeesSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,675 0   10,675


    TY 2020 OtherAssetsSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CULTURAL RESOURCES 20,000 20,000 20,000
    BUILDING HELD FOR CHARITABLE USE 900,335 900,335 3,335,000


    TY 2020 OtherDecreasesSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Description Amount
    LOSSES FROM INVESTMENTS REPORTED ON BOOKS NOT ON RETURN 178,576


    TY 2020 OtherExpensesSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER DIRECT CHARITABLE ACTIVITIES 107,571 0   107,571
    BANK FEES 99 99   0
    POSTAGE/SHIPPING 33 0   33
    SOFTWARE / COMPUTER 250 0   250


    TY 2020 OtherIncomeSchedule2
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GREENSPRING OPPORTUNITIES IV, L.P. 33 33 33
    HKW CAPITAL PARTNERS V, LP -8 -8 -8
    PIMCO BRAVO FUND II OFFSHORE FEEDER AIV I, L.P. 20 20 20
    LK OPPORTUNITIES FUND II Q LP -1,494 -1,494 -1,494
    LEAVITT EQUITY PARTNERS II, L.P. -3,518 -3,518 -3,518
    NORTHERN TRUST OTHER INCOME 187 187 187
    EXCISE TAX REFUND 32,553 0 32,553
    LK OPPORTUNITIES FUND II Q LP -1,161   -1,161
    LEAVITT EQUITY PARTNERS II, L.P. -907   -907


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES FROM NORTHERN TRUST 16,637 16,637   0
    INVESTMENT MANAGEMENT FEES FROM PASSTHROUGHS 223,420 222,640   0
    CONSULTING FEES 84,084 0   84,084
    CUSTODY FEES 34,686 34,686   0


    TY 2020 TaxesSchedule
    Name:
    SEMNANI FAMILY FOUNDATION
    EIN:
    74-2639794
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES FROM NORTHERN TRUST 38,610 38,610   0
    EXCISE TAXES 23,500 0   0
    BUSINESS TAX EXPENSE 20 0   20