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
The Clare Rose Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

06-1480029
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,575,290J 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) 54,313
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,497 3,492  
4 Dividends and interest from securities... 121,360 120,122  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,468,239
b Gross sales price for all assets on line 6a 7,607,256
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 30,069 -22,655 61,687
12 Total. Add lines 1 through 11........ -2,259,000 100,959 61,687
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 195,156     195,156
15 Pension plans, employee benefits....... 17,384     17,234
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 247 0 0 247
c Other professional fees (attach schedule).... Click to see attachment 379,781 140,518 53,102 183,141
17 Interest............... 2,050 1,980    
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 10,676   3,094 7,582
21 Travel, conferences, and meetings....... 8,446   929 7,517
22 Printing and publications.......... 139   8 131
23 Other expenses (attach schedule)....... Click to see attachment 129,398 376 4,554 123,324
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 743,277 142,874 61,687 534,332
25 Contributions, gifts, grants paid....... 599,501 599,501
26 Total expenses and disbursements. Add lines 24 and 25 1,342,778 142,874 61,687 1,133,833
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,601,778
b Net investment income (if negative, enter -0-) 0
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......... 295,257 3,890,599 3,890,599
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   2,200    
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 709,801 Click to see attachment209,609 337,846
b Investments—corporate stock (attach schedule)....... 8,900,515 Click to see attachment2,426,531 5,030,675
c Investments—corporate bonds (attach schedule)....... 78,261 Click to see attachment78,261 920
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 511,270 Click to see attachment275,051 315,250
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) 10,497,304 6,880,051 9,575,290
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment202,482 Click to see attachment189,206
23 Total liabilities (add lines 17 through 22)......... 202,482 189,206
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 10,294,822 6,690,845
29 Total net assets or fund balances (see instructions)..... 10,294,822 6,690,845
30 Total liabilities and net assets/fund balances (see instructions). 10,497,304 6,880,051
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
10,294,822
2
Enter amount from Part I, line 27a .....................
2
-3,601,778
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,693,044
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,200
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,690,844
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b ALLOCATED TO UBI-ACQ INDEBTEDNESS      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,607,256   10,075,495 -2,468,239
b       33,727
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -2,468,239
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -2,434,512
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 0
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,400
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,400 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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)
    bulletCA, CT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Elise Furer Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Anne Vincent Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Edward Vincent Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    William Vincent Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Mr Matthew D'Arrigo 0
    40.0     		140,000    
    3850 N Wilke Road
    Arlington Heigts,IL60004
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Janine Mason Philanthropic 170,000
    12825 Harwick Lane
    San Diego,CA92130
    HighTower Advisors Investment Mgmt 143,337
    200 W Madison 25th Fl Ste 2500
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 CREATIVE YOUTH DEVELOPMENT INITIATIVE: EDUCATING/ADVOCATING FOR CREATIVE YOUTH DEV LOCALLY CONNECTING SAN DEIGO TO OTHER EFFORTS NATIONALLY & SERVING TO SPUR INNOVATION REGIONALLY 79,517
    2 FIELDSTONE LEADERSHIP NETWORK: STRENGTHEN NONPROFIT COMMUNTY BY PROVIDING CONTINUUM OF PRGMS TO DEVELOP EXEC LEADERSHIP, INCREASE AGNCY CAPACITY & SUSTAIN A COLLABRTVE, VIBRANT NTWK 212,860
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,773,707
    b
    Average of monthly cash balances.......................
    1b
    3,288,109
    c
    Fair market value of all other assets (see instructions)................
    1c
    315,249
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,377,065
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    72,758
    3
    Subtract line 2 from line 1d.........................
    3
    9,304,307
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    139,565
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,164,742
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    458,237
    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
    458,237
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    0
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    458,237
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    458,237
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    458,237
    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
    1,133,833
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,133,833
    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
    1,133,833
    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 7 458,237
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 128,087
    e From 2019...... 175,711
    fTotal of lines 3a through e........ 303,798
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,133,833
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 458,237
    e Remaining amount distributed out of corpus 675,596
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 979,394
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		979,394
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 128,087
    d Excess from 2019.... 175,711
    e Excess from 2020.... 675,596
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A Carrera
    8863 Lamar Street
    Spring Valley,CA91977     		NONE I Short-term Emergency Assistance Grant 1,000
    A Escobedo
    2905 E 20th St
    National City,CA91950     		NONE I Short-term Emergency Assistance Grant 1,000
    A Gonzalez
    482 W San Ysidro Blvd
    San Ysidro,CA92173     		NONE I Short-term Emergency Assistance Grant 1,000
    A Lynch
    5072 W Point Loma Blvd
    San Diego,CA92107     		NONE I Short-term Emergency Assistance Grant 1,000
    A Manzano
    793 Caminito Francisco
    Chula Vista,CA91913     		NONE I Short-term Emergency Assistance Grant 1,000
    A Martinez
    2692 Keen Drive
    San Diego,CA92139     		NONE I Short-term Emergency Assistance Grant 1,000
    A Mehta
    8240 Lemon Avenue
    La Mesa,CA91941     		NONE I Short-term Emergency Assistance Grant 500
    A REASON TO SURVIVE
    200 E 12TH ST
    NATIONAL CITY,CA91950     		N/A PC San Diego Arts and Culture challenge 10,000
    A REASON TO SURVIVE
    200 E 12TH ST
    NATIONAL CITY,CA91950     		N/A PC Technical support 7,500
    A REASON TO SURVIVE
    200 E 12TH ST
    NATIONAL CITY,CA91950     		N/A PC General & Unrestricted 30,000
    A Reichel
    3970 Kendall Street
    San Diego,CA92109     		NONE I Short-term Emergency Assistance Grant 500
    A Rodriguez-Cantero
    3721 Cherry Blossom St
    National City,CA91950     		NONE I Short-term Emergency Assistance Grant 750
    A STEP BEYOND
    340 N ESCONDIDO BLVD
    ESCONDIDO,CA92025     		N/A PC San Diego Arts and Culture Challenge 10,000
    A STEP BEYOND
    340 N ESCONDIDO BLVD
    ESCONDIDO,CA92025     		N/A PC technical support 1,060
    A STEP BEYOND
    340 N ESCONDIDO BLVD
    ESCONDIDO,CA92025     		N/A PC General & Unrestricted 10,000
    ANTI-RECIDIVISM COALITION
    1320 E 7TH ST STE 260
    LOS ANGELES,CA90021     		N/A PC Charitable Event 250
    ART OF ELAN
    6165 RADCLIFFE DR
    SAN DIEGO,CA92122     		N/A PC General & Unrestricted 10,000
    B Best
    906 10th Ave Apt 106
    San Diego,CA92101     		NONE I Short-term Emergency Assistance Grant 800
    B Scott
    7386 Viar Ave
    San Diego,CA92120     		NONE I Short-term Emergency Assistance Grant 500
    B Soto
    1940 31st Street
    San Diego,CA92102     		NONE I Short-term Emergency Assistance Grant 5,000
    C Pena
    3795 Florida Street
    San Diego,CA92104     		NONE I Short-term Emergency Assistance Grant 1,000
    CASA DE AMISTAD CENTRO DE ENSENANZA
    120 STEVENS AVE
    SOLANA BEACH,CA92075     		N/A PC Clare Rose Sabbatical Professional Development Fund 3,500
    CENTER FOR HOPE AND STRENGTH INC
    5059 NEWPORT AVE
    SAN DIEGO,CA92107     		N/A PC General & Unrestricted 100,000
    D Rich
    2764 Ariane Drive Unit 87
    San Diego,CA92117     		NONE I Short-term Emergency Assistance Grant 500
    E Dawson
    699 14th Street Unit 631
    San Diego,CA92101     		NONE I Short-term Emergency Assistance Grant 750
    E Ruiz
    3925 Caseman Ave
    San Diego,CA92154     		NONE I Short-term Emergency Assistance Grant 750
    ELDERHELP OF SAN DIEGO
    5095 MURPHY CANYON RD 100
    SAN DIEGO,CA92123     		N/A PC Clare Rose Sabbatical Professional Development Fund 5,000
    F Musa
    3853 50th Street Apt 7
    San Diego,CA92105     		NONE I Short-term Emergency Assistance Grant 1,000
    FERN STREET COMMUNITY ARTS INC
    4265 FAIRMOUNT AVE STE 120-B
    SAN DIEGO,CA92105     		N/A PC San Diego Arts and Culture challenge 7,500
    G Rodriguez
    4727 67th Street
    San Diego,CA92115     		NONE I Short-term Emergency Assistance Grant 1,000
    GET EMPOWERED TODAY
    1534 30TH ST
    SAN DIEGO,CA92102     		N/A PC stipends and travel expenses for the Arts Amplifying youth event 20,500
    GET EMPOWERED TODAY
    1534 30TH ST
    SAN DIEGO,CA92102     		N/A PC Arts Amplifying youth event and Technical Assistance 10,000
    GET EMPOWERED TODAY
    1534 30TH ST
    SAN DIEGO,CA92102     		N/A PC General Operating Support, Arts Amplifying Youth Event, and Youth Voice Cohort 25,200
    GET EMPOWERED TODAY
    1534 30TH ST
    SAN DIEGO,CA92102     		N/A PC General & Unrestricted 10,000
    GIRLS ON THE RUN OF SAN DIEGO
    PO BOX 230544
    ENCINITAS,CA92023     		N/A PC General & Unrestricted 50,000
    H Beltran
    2927 Fourth Avenue Apt 402
    San Diego,CA92103     		NONE I Short-term Emergency Assistance Grant 750
    H Shershun
    4126 Manzanita Drive
    San Diego,CA92105     		NONE I Short-term Emergency Assistance Grant 1,000
    H Young
    9883 Grandview Drive
    La Mesa,CA91941     		NONE I Short-term Emergency Assistance Grant 800
    HIGHSTEPPERS DRILL TEAM INC
    3919 TEAK ST
    SAN DIEGO,CA92113     		N/A PC General & Unrestricted 10,000
    I Bangoura
    5444 Reservoir Drive Apt D2
    San Diego,CA92120     		NONE I Short-term Emergency Assistance Grant 750
    J Corrales
    838 Melrose Street
    National City,CA91950     		NONE I Short-term Emergency Assistance Grant 750
    J Molina
    3280 Olive Street Unit 18
    Lemon Grove,CA91945     		NONE I Short-term Emergency Assistance Grant 750
    J Nixon
    3162 Juniper Street
    San Diego,CA92104     		NONE I Short-term Emergency Assistance Grant 1,000
    J Valenzuela
    15740 Tetley St 17
    Hacienda Heights,CA91745     		NONE I Short-term Emergency Assistance Grant 1,000
    K Mananquil
    6025 Flipper Drive
    San Diego,CA92114     		NONE I Short-term Emergency Assistance Grant 750
    L Arango
    3381 Grim Avenue
    San Diego,CA92104     		NONE I Short-term Emergency Assistance Grant 1,000
    L Francisco
    2890 Cypress Ave
    Lemon Grove,CA91945     		NONE I Short-term Emergency Assistance Grant 1,000
    L Hodge
    4617 Arizona Street
    San Diego,CA92116     		NONE I Short-term Emergency Assistance Grant 750
    l Lilienthal
    5949 Via Zurita
    La Jolla,CA92037     		NONE I Short-term Emergency Assistance Grant 800
    l Queiroz
    Po box 16174
    San Diego,CA92176     		NONE I Short-term Emergency Assistance Grant 750
    L Rihan
    4221 34th Street APT 41
    San Diego,CA92104     		NONE I Short-term Emergency Assistance Grant 1,000
    MEDIA ARTS CENTER SAN DIEGO
    2921 EL CAJON BLVD
    SAN DIEGO,CA92104     		N/A PC Charitable Event 5,000
    MEDIA ARTS CENTER SAN DIEGO
    2921 EL CAJON BLVD
    SAN DIEGO,CA92104     		N/A PC technical support 2,530
    NATIONAL GUILD FOR COMMUNITY ARTS EDUCATION INC
    520 8TH AVE 3RD FLOOR NO 302
    NEW YORK,NY10018     		N/A PC 4 webinars for CYD toolkit 6,800
    NEW VILLAGE ARTS INC
    2787 STATE ST
    CARLSBAD,CA92008     		N/A PC General & Unrestricted 500
    P Parks
    1815 Lilac Lane
    Alpine,CA91901     		NONE I Short-term Emergency Assistance Grant 1,000
    PARTNERS HEALTHCARE SYSTEM INC - MCLEAN HOSPITAL C
    115 MILL ST M/S 126
    BELMONT,MA02478     		N/A PC PEAR Institute's creation of the Creativity Assessment Tool led by Dr. Gil Noam 12,500
    PARTNERS HEALTHCARE SYSTEM INC - MCLEAN HOSPITAL C
    115 MILL ST M/S 126
    BELMONT,MA02478     		N/A PC PEAR Institute for creation of a creativity evaluation tool 12,500
    PLAYWRIGHTS PROJECT
    3675 RUFFIN RD STE 330
    SAN DIEGO,CA92123     		N/A PC San Diego Arts and Culture Challenge grant 5,000
    R Assfour
    4192 Mount Alifan Place
    San Diego,CA92111     		NONE I Short-term Emergency Assistance Grant 1,000
    R Hernandez
    1151 Elder Avenue
    Imperial Beach,CA91932     		NONE I Short-term Emergency Assistance Grant 750
    RESOUNDING JOY INC
    10455 SORRENTO VALLEY ROAD STE 2
    SAN DIEGO,CA92121     		N/A PC Balance of the Clare Rose Sabbatical Professional Development Fund - Leadership Team 2,500
    RESOUNDING JOY INC
    10455 SORRENTO VALLEY ROAD STE 2
    SAN DIEGO,CA92121     		N/A PC Balance of the Clare Rose Sabbatical Professional Development Fund 30,136
    ROCK N ROLL CAMP FOR GIRLS SAN DIEGO
    PO BOX 232342
    ENCINITAS,CA92023     		N/A PC General & Unrestricted 5,000
    SAN DIEGO YOUTH SYMPHONY
    1650 EL PRADO
    SAN DIEGO,CA92101     		N/A PC technical support 515
    T Richardson
    6276 Lake Athabaska Place
    San Diego,CA92119     		NONE I Short-term Emergency Assistance Grant 750
    THE AJA PROJECT
    4089 FAIRMOUNT AVE
    SAN DIEGO,CA92105     		N/A PC UndocuQueer Project 5,000
    THE AJA PROJECT
    4089 FAIRMOUNT AVE
    SAN DIEGO,CA92105     		N/A PC San Diego Arts and Culture Challenge grant 10,000
    THE AJA PROJECT
    4089 FAIRMOUNT AVE
    SAN DIEGO,CA92105     		N/A PC General & Unrestricted 15,000
    THE DAVIDS HARP FOUNDATION INC
    655 ALVIN ST
    SAN DIEGO,CA92114     		N/A PC General & Unrestricted 15,000
    THE DAVIDS HARP FOUNDATION INC
    655 ALVIN ST
    SAN DIEGO,CA92114     		N/A PC Technical support 240
    THE DAVIDS HARP FOUNDATION INC
    655 ALVIN ST
    SAN DIEGO,CA92114     		N/A PC Completion of "Walking Through the Mud" documentary film project 4,500
    TRANSCENDANCE YOUTH ARTS PROJECT
    200 EAST 12TH ST
    NATIONAL CITY,CA91950     		N/A PC Capital campaign 30,000
    TRANSCENDANCE YOUTH ARTS PROJECT
    200 EAST 12TH ST
    NATIONAL CITY,CA91950     		N/A PC San Diego Arts and Culture Challenge 7,500
    TRANSCENDANCE YOUTH ARTS PROJECT
    200 EAST 12TH ST
    NATIONAL CITY,CA91950     		N/A PC General & Unrestricted 15,000
    TRANSCENDANCE YOUTH ARTS PROJECT
    200 EAST 12TH ST
    NATIONAL CITY,CA91950     		N/A PC Technical support 2,800
    TRAUMA FOUNDATION
    16150 AGATE PASS RD NE
    BAINBRIDGE IS,WA98110     		N/A PC General & Unrestricted 50,000
    V Alcazar
    1940 Caminito De La Cruz
    Chula Vista,CA91913     		NONE I Short-term Emergency Assistance Grant 1,000
    W Caballero
    4416 34th Street
    San Diego,CA92116     		NONE I Short-term Emergency Assistance Grant 650
    W Paloma
    4633 30th Street Apt 4
    San Diego,CA92116     		NONE I Short-term Emergency Assistance Grant 750
    X Pastenes
    3082 E Street Apt 1
    San Diego,CA92102     		NONE I Short-term Emergency Assistance Grant 750
    YOUNG AUDIENCES OF SAN DIEGO DBA ARTS FOR LEARNING
    1286 UNIVERSITY AVE NO 267
    SAN DIEGO,CA92103     		N/A PC Technical support 1,920
    Z Irvine
    2427 A Street Unit 3
    San Diego,CA92102     		NONE I Short-term Emergency Assistance Grant 500
    Total .................................bullet 3a 599,501
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		525990 5 14 3,492  
    4 Dividends and interest from securities.... 525990 1,238 14 120,122  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 33,727 18 -2,501,966  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -15,974 14 -22,800  
    bFederal Tax Refund     01 7,011  
    cCLASS ACTION LAWSUIT PROCEEDS     01 145  
    dEXEMPT FUNCTION INCOME         61,687
    e
    12 Subtotal. Add columns (b), (d), and (e).. 18,996 -2,393,996 61,687
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -2,313,313
    (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.)
    11 Provide reciprocal learning opportunities which build, deepen, and sustain personal and professional capabilities and relationships among nonprofit professionals so they are better able to lead, collaborate, and problem solve
    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
    The Clare Rose Foundation Inc
     
    Employer identification number

    06-1480029
    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
    The Clare Rose Foundation Inc
          		Employer identification number
    06-1480029
    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
    California State University
    333 South Twin Oaks Valley Rd
     
    San Marcos, CA92069

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Fieldstone Leadership Network
    5465 Morehouse Dr Ste 250
     
    San Diego, CA92121

    		$ 44,263


    (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
    The Clare Rose Foundation Inc
          		Employer identification number

    06-1480029
    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
     
    		$    
    (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
    The Clare Rose Foundation Inc
          		Employer identification number

    06-1480029
    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:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 247     247

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

    TY 2020 DepreciationSchedule
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    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
    FIELDSTONE LEADERSHIP NETWORK
          		14 CORPORATE PLAZA DR
    NEWPORT BEACH,CA92660     		2018-08-13 274,850 TO SUPPORT IMPLEMENTATION AND ADMINISTRATION OF THE CLARE ROSE SABBATICAL PROGRAM 274,850 NO 5/30/19, 12/2/20   NONE NECESSARY

    TY 2020 GeneralExplanationAttachment
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Identifier Return Reference Explanation
    Part I Line 6a Part I Line 6a RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $(2,434,512) ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS): $(33,727) TOTAL PART I, LINE 6A: $(2,468,239) DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $7,607,256 BOOK BASIS: $10,075,495 NET GAIN/(LOSS): $(2,468,239) ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS): $33,727

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Name of Bond End of Year Book Value End of Year Fair Market Value
    LEHMAN BRTHRS HLDGRRBOND - 0% 78,261 920

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMAZON COM 343,473 1,302,772
    APPLE INC 492,765 1,645,356
    BERKSHIRE HATHAWAY INC DEL CL 445,155 695,630
    CISCO SYSTEMS INC 91,765 102,925
    LEHMAN BROTHERS HOLDINGS INC. 40,118  
    ORACLE CORP 147,523 194,070
    PIMCO INCOME FUND 384,311 409,930
    PIMCO LOW DURATION INSTL 25,107 25,770
    PROCTER GAMBLE CO 74,045 139,140
    RSTK GOLDMAN SACHS BOC INC 200,498 226,782
    WAL-MART STORES INC 181,771 288,300

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    US Government Securities - End of Year Book Value:

    4,011
    US Government Securities - End of Year Fair Market Value:

    4,514
    State & Local Government Securities - End of Year Book Value:


    205,598
    State & Local Government Securities - End of Year Fair Market Value:


    333,332


    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARMADA (FKA GPB) WASTE MANAGEM   27,666 20,984
    GPB AUTOMOTIVE PORTFOLIO, LP   58,367 63,081
    MOSAIC REAL ESTATE CREDIT TE,   126,678 130,169
    VIRTUS REAL ESTATE CAPITAL II,   62,340 101,016

    TY 2020 OtherDecreasesSchedule
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Description Amount
    PRIOR PERIOD ADJUSTMENT 2,200


    TY 2020 OtherExpensesSchedule
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 49,231     49,231
    Cell Phone Expense 61     61
    Computers/Electronic Devices 2,483   679 1,804
    Equipment Maintenance 1,042   235 807
    Equipment/Furniture Purchase 681   198 483
    Indemnification Insurance 655     655
    K-1 Exp ARMADA (FKA GPB) WASTE 31 6    
    K-1 Exp GPB AUTOMOTIVE PORTFOL 1,133 20    
    K-1 Exp MOSAIC REAL ESTATE CRE 350 350    
    K-1 Exp VIRTUS REAL ESTATE CAP 3      
    Office & Supplies 525   58 467
    Postage/Delivery Service 1,172   319 853
    State or Local Filing Fees 135     135
    Training & Professional Develo 71,896   3,065 68,828


    TY 2020 OtherIncomeSchedule2
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ARMADA (FKA GPB) WASTE MANAGEMENT, LP -29,926 -24,615  
    K-1 Inc/Loss GPB AUTOMOTIVE PORTFOLIO, LP -9,883 -4,408  
    K-1 Inc/Loss MOSAIC REAL ESTATE CREDIT TE, LLC 7,890 7,890  
    K-1 Inc/Loss VIRTUS REAL ESTATE CAPITAL II, LP -6,855 -1,667  
    Class Action Lawsuit Proceeds 145 145  
    Federal Tax Refund 7,011    
    Exempt Function Income 61,687   61,687


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Description Beginning of Year - Book Value End of Year - Book Value
    OUTSTANDING OPTIONS   189,206


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Clare Rose Foundation Inc
    EIN:
    06-1480029
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 143,537 140,518    
    Philanthropic Consulting Srvcs 222,726   52,280 170,446
    COMMUNICATION SERVICES 680     680
    ART DESIGN 10,000     10,000
    MOVING 525   152 373
    IT SERVICES 2,313   670 1,642