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 Joe MacPherson Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)191 E Main St Suite 2A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Tustin, CA92780
A Employer identification number

38-3779697
B Telephone number (see instructions)

(714) 380-6200
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$27,339,477J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,895,780
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,692 1,692 1,692
4 Dividends and interest from securities... 364,094 364,094 364,094
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 968,461
b Gross sales price for all assets on line 6a 17,095,157
7 Capital gain net income (from Part IV, line 2)... 968,461
8 Net short-term capital gain......... 27,279
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).......      
12 Total. Add lines 1 through 11........ 3,230,027 1,334,247 393,065
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,250      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,417 1,649 1,649  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 167,856 167,856 167,856  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 183,523 169,505 169,505 0
25 Contributions, gifts, grants paid....... 1,605,000 1,605,000
26 Total expenses and disbursements. Add lines 24 and 25 1,788,523 169,505 169,505 1,605,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,441,504
b Net investment income (if negative, enter -0-) 1,164,742
c Adjusted net income (if negative, enter -0-)... 223,560
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......... 677,733 1,152,166 1,152,166
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) 1,714,568    
b Investments—corporate stock (attach schedule)....... 7,811,376 Click to see attachment9,378,647 13,425,864
c Investments—corporate bonds (attach schedule)....... 1,025,000 Click to see attachment3,276,213 3,294,654
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,143,847 Click to see attachment8,009,124 9,466,793
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,372,525 21,816,150 27,339,477
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........... 20,372,525  
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 20,372,525 21,816,150
30 Total liabilities and net assets/fund balances (see instructions). 20,372,525 21,816,150
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
20,372,525
2
Enter amount from Part I, line 27a .....................
2
1,441,504
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,121
4
Add lines 1, 2, and 3 ..........................
4
21,816,150
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
21,816,150
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 12500 SX5E STEPUP ISSUER BNS 13.5% P 2017-06-29 2020-06-25
b 20000 SP500 STEPUP ISSUER CIBC 8.71% P 2020-03-03 2020-11-06
c 10000 SP500 ARN ISSUER BOFA 17.46% P 2018-12-20 2020-02-28
d 15000 SP500 ARN ISSUER CIBC 10.77% P 2019-04-25 2020-06-26
e 10000 SP500 ARN ISSUER BOFA 10.15% P 2019-07-25 2020-09-25
10000 SP500 STEPUP ISSUER CIBC 8% P 2019-07-25 2020-08-07
10000 SP500 STEPUP ISSUER BARC 9.65% P 2019-08-29 2020-09-15
10000 SP500 ARN ISSUER HSBC 11.67% P 2020-03-03 2020-11-27
20000 SP500 ARN ISSUER RBC 11.14% P 2020-03-03 2020-12-24
10000 SP500 SEPUP ISSUER BOA 8.1% P 2019-11-26 2020-12-11
15000 R2000 ARN ISSUR CIBC 13.05% P 2019-04-25 2020-06-26
789 ABBOTT LABS P 2019-11-05 2020-06-01
199 BALL CORP P 2020-03-26 2020-06-01
150 CAPITAL ONE FINL P 2020-01-01 2020-06-01
203 CONSTELLATION BRANDS INC P 2019-04-25 2020-04-20
754 CITIGROUP INC COM NEW P 2020-01-01 2020-04-20
87 CHUBB LTD P 2020-01-01 2020-06-02
5271 CISCO SYSTEMS INC P 2020-01-01 2020-06-01
608 ISHARES 1-3 YEAR TRSY BOND ETF P 2019-04-30 2020-03-17
8890 VANGUARD FINANCIALS ETF P 2020-04-20 2020-06-01
54 HILTON WORLDWIDE HOLDINGS INC P 2020-03-26 2020-11-30
1482 VANGUARD 500 INDEX FUND P 2020-03-19 2020-04-06
224 JPMORGAN CHASE P 2020-01-01 2020-06-01
1067 KEURIG DR PEPPER IND P 2020-01-01 2020-03-26
501 PEPSICO INC P 2020-03-17 2020-06-01
1479 ROSS STORES INC P 2020-01-01 2020-06-01
9 SHERWIN WILLIAMS P 2019-04-11 2020-03-16
1358 SPDR S&P 500 ETF P 2020-01-01 2020-03-19
125 SYSCO CORP P 2020-01-01 2020-03-17
133.385 TRUST FINL CORP P 2019-08-05 2020-04-20
963 TOTAL S.A P 2020-01-01 2020-03-11
367 ABBOTT LABS P 2019-11-05 2020-11-30
61 AMAZON COM INC P 2000-01-01 2020-06-01
222 PROLOGIS INC P 2017-09-14 2020-04-20
202 AMERICAN TOWER REIT INC P 2000-01-01 2020-02-06
15 ALPHABET INC SHS CL A P 2018-12-18 2020-11-30
608 APPLE INC P 2000-01-01 2020-06-01
74 BLACKROCK INC P 2000-01-01 2020-06-01
1686 CAPITAL ONE FINL P 2000-01-01 2020-06-01
44 COSTCO WHOLESALE CRP P 2015-08-18 2020-03-17
544 CONSTELLATION BRANDS INC P 2000-01-01 2020-09-25
2131 CITIGROUP INC COM NEW P 2000-01-01 2020-06-01
1114 CHUBB LTD P 2000-01-01 2020-06-01
223 DANAHER CORP P 2000-01-01 2020-06-01
872 DISNEY CO COM P 2000-01-01 2020-06-01
418 HONEYWELL INTL INC P 2000-01-01 2020-06-01
122 HOME DEPOT INC P 2016-06-06 2020-06-01
1737 JPMORGAN CHASE P 2000-01-01 2020-06-01
5250 KEURIG DR PEPPER IND P 2000-01-01 2020-06-01
188 LOCKHEED MARTIN CORP P 2000-01-01 2020-06-01
447 MICROSOFT CORP P 2000-01-01 2020-06-01
875 MICROCHIP TECH INC P 2019-01-24 2020-06-01
327 NEXTERA ENER' P 2000-01-01 2020-06-01
432 SHERWIN WILLIAMS P 2000-01-01 2020-06-01
185 ANTHEM INC P 2000-01-01 2020-06-01
1963 SYSCO CORP P 2000-01-01 2020-03-17
3653.605 TRUIST FINL CORP P 2000-01-01 2020-06-01
4365 TOTAL S.A P 2000-01-01 2020-03-11
357 THERMO FISHER SCIENTIFIC P 2000-01-01 2020-06-01
79 UNION PACIFIC CORP P 2016-07-11 2020-11-30
8 VISA INC CL A P 2015-02-05 2020-03-17
208 ISHARES 1-3 YEAR TRSY BOND ETF P 2019-07-29 2020-05-15
80 VANGUARD SMALL CAP P 2020-05-15 2020-07-02
2252 VANGUARD FINANCIALS ETF P 2020-05-15 2020-06-01
3445 VANGUARD ST BOND P 2020-01-01 2020-11-17
2578 SCHWAB ST US TRSY ETF P 2020-01-01 2020-11-17
379 FIRST TRUST CLOUD COMPUTING ETF P 2020-05-15 2020-06-01
514 VANGUARD 500 INDEX FD P 2020-03-19 2020-04-06
22692 SPDR US FINANCIAL SECTOR P 2020-03-19 2020-05-15
510 SPDR S&P 500 ETF TRUST P 2019-12-30 2020-03-19
6449.261 DOUBLELINE TOTAL RET BOND FD P 2020-01-01 2020-11-17
670 ISHARES NASDAQ BIOTECH P 2000-01-01 2020-06-01
1430 ISHARES 1-3 YEAR TRSY BOND ETF P 2019-07-29 2020-08-17
608 ISHARES TIPS BOND ETF P 2016-03-09 2020-05-15
9987 VANGUARD FINANCIALS ETF P 2000-01-01 2020-03-19
643 VANGUARD INFORMATION TECH ETF P 2000-01-01 2020-06-01
825 FIRST TRUST DOW JONES INTERNET INDEX P 2000-01-01 2020-06-01
50389 VANGUARD ST BOND P 2000-01-01 2020-06-01
2453 SPDR S&P INSURANCE ETF P 2000-01-01 2020-06-01
4982 REAL ESTATE SELECT SECTOR SPDR FD P 2000-01-01 2020-06-01
2326 COMM SERVICES SELECT SECTOR P 2000-01-01 2020-06-01
34348 SCHWAB ST US TRSY ETF P 2000-01-01 2020-06-01
1994 MATERIALS SELECT SECTOR SPDR FD P 2019-01-24 2020-06-01
1045 HEALTH CARE SELECT SPDR P 2000-01-01 2020-08-17
3417 SECTOR SPDR CONSMRS STPL P 2000-01-01 2020-06-01
1363 CONSUMER DISCRETIONARY P 2000-01-01 2020-06-01
1835 SECTOR SPDR INDUSTRIAL P 2000-01-01 2020-06-01
1877 SECTOR SPDR UTILITIES P 2000-01-01 2020-06-01
101747.347 DOUBLELINE TOTAL RETURN BOND FD P 2000-01-01 2020-06-01
20000 SX5E STEPUP ISSUER BNS 13.5% P 2020-03-03 2020-06-25
Capital Gain Dividends      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 117,027   125,000 -7,973
b 217,420   188,600 28,820
c 117,460   100,000 17,460
d 166,155   150,000 16,155
e 110,150   100,000 10,150
108,000   100,000 8,000
109,650   100,000 9,650
111,670   97,310 14,360
222,280   191,800 30,480
108,100   100,000 8,100
136,044   150,000 -13,956
72,893   65,007 7,886
18,441   12,311 6,130
12,232   12,109 123
31,882   43,099 -11,217
33,085   58,355 -25,270
10,674   9,765 909
195,785   257,930 -62,145
52,463   51,133 1,330
583,189   471,690 111,499
5,590   3,961 1,629
355,402   329,271 26,131
21,393   28,145 -6,752
26,293   26,359 -66
66,515   62,994 3,521
112,135   157,128 -44,993
3,321   3,550 -229
330,197   372,403 -42,206
4,425   8,676 -4,251
4,547   6,256 -1,709
33,199   51,228 -18,029
39,594   30,238 9,356
163,672   103,831 59,841
19,732   14,470 5,262
48,154   22,192 25,962
26,258   15,786 10,472
243,329   60,497 182,832
46,721   27,983 18,738
89,922   135,823 -45,901
13,293   6,396 6,897
98,486   104,996 -6,510
91,948   138,711 -46,763
157,849   152,130 5,719
42,075   15,364 26,711
89,852   92,244 -2,392
81,453   41,058 40,395
22,490   15,794 6,696
159,647   179,119 -19,472
139,200   137,521 1,679
70,703   51,127 19,576
78,440   24,030 54,410
99,726   69,226 30,500
83,071   37,474 45,597
186,838   175,314 11,524
48,724   45,838 2,886
69,493   116,499 -47,006
123,246   174,023 -50,777
161,832   221,539 -59,707
150,668   51,203 99,465
16,084   7,187 8,897
1,231   541 690
18,030   17,593 437
11,729   10,227 1,502
135,195   115,370 19,825
285,309   286,170 -861
132,480   132,932 -452
28,945   24,885 4,060
123,264   114,201 9,063
476,295   441,813 34,482
124,006   163,882 -39,876
69,072   69,166 -94
88,541   70,572 17,969
123,707   120,949 2,758
73,837   68,326 5,511
472,015   620,163 -148,148
188,225   86,832 101,393
131,804   103,809 27,995
4,172,277   3,980,524 191,753
70,805   70,334 471
159,737   162,209 -2,472
136,952   103,420 33,532
1,766,689   1,714,568 52,121
103,015   103,608 -593
112,419   86,211 26,208
205,160   179,410 25,750
196,049   125,338 70,711
136,129   90,193 45,936
113,027   96,415 16,612
1,088,012   1,061,342 26,670
187,242   204,000 -16,758
      3,842
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       -7,973
b       28,820
c       17,460
d       16,155
e       10,150
      8,000
      9,650
      14,360
      30,480
      8,100
      -13,956
      7,886
      6,130
      123
      -11,217
      -25,270
      909
      -62,145
      1,330
      111,499
      1,629
      26,131
      -6,752
      -66
      3,521
      -44,993
      -229
      -42,206
      -4,251
      -1,709
      -18,029
      9,356
      59,841
      5,262
      25,962
      10,472
      182,832
      18,738
      -45,901
      6,897
      -6,510
      -46,763
      5,719
      26,711
      -2,392
      40,395
      6,696
      -19,472
      1,679
      19,576
      54,410
      30,500
      45,597
      11,524
      2,886
      -47,006
      -50,777
      -59,707
      99,465
      8,897
      690
      437
      1,502
      19,825
      -861
      -452
      4,060
      9,063
      34,482
      -39,876
      -94
      17,969
      2,758
      5,511
      -148,148
      101,393
      27,995
      191,753
      471
      -2,472
      33,532
      52,121
      -593
      26,208
      25,750
      70,711
      45,936
      16,612
      26,670
      -16,758
       
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 2 968,461
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 27,279
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 16,190
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 16,190
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 16,190
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,352
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,352
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 249
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 13,087
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRichard Lang Telephone no.bullet (714) 380-6200

    Located atbullet191 E Main St 2ATustinCA ZIP+4bullet92780
    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
    Anne L MacPherson Pres/CEO/Dir
    20.00     		0    
    11572 Padia Lane
    Tustin,CA92705
    James MacPherson CFO/Sec/Dir
    5.00     		0    
    13631 Jenet Circle
    Santa Ana,CA92705
    Jeffrey MacPherson V.Pres./Dir
    5.00     		0    
    24 Shawnee Way Ste D
    Bozeman,MT59715
    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  
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    0
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    0
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,190
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,190
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    16,190
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    16,190
    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
    0
    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
    1,605,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,605,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,605,000
    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 0
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 773,650
    b From 2016...... 961,000
    c From 2017...... 866,150
    d From 2018...... 1,165,000
    e From 2019...... 1,371,150
    fTotal of lines 3a through e........ 5,136,950
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,605,000
    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)........     		0
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 1,605,000
    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 6,741,950
    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) ...     		773,650
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		5,968,300
    10 Analysis of line 9:
    a Excess from 2016.... 961,000
    b Excess from 2017.... 866,150
    c Excess from 2018.... 1,165,000
    d Excess from 2019.... 1,371,150
    e Excess from 2020.... 1,605,000
    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).)
    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
    Laura's House
    999 Corporate Dr Ste 225
    Ladera Ranch,CA92694     		None PC Charitable 525,000
    Amigos De Los Ninos
    PO Box 2602
    La Habra,CA90632     		None PC Charitable 10,000
    Boys and Girls Club Central OC
    250 North Golden Circle Ste 104
    Santa Ana,CA92705     		None PC Charitable 535,000
    Pacific Symphony
    17620 Fitch Suite 100
    Irvine,CA92614     		None PC Charitable 75,000
    Orange County Comm Fdn
    30 Corporate Park Suite 410
    Irvine,CA92606     		None PC Charitable 25,000
    University of Puget Sound
    1500 N Warner St
    Tacoms,WA98416     		None PC Charitable 300,000
    Brackens Kitchen
    13941 Nautilus Drive
    Garden Grove,CA92843     		None PC Charitable 15,000
    CASA Youth Shelter
    100 W Harrison Suite 500
    Seattle,WA98119     		None PC Charitable 10,000
    Hoag Hospital Foundation
    500 Superior Ave Ste 350
    Newport Beach,CA92663     		None PC Charitable 20,000
    OCCF
    3 Corporate Park Ste 410
    Irvine,CA92606     		None PC Charitable 10,000
    Second Harvest of OC
    8014 Marine Way
    Irvine,CA92618     		None PC Charitable 20,000
    ST Joseph Hospital FDN
    1100 W Stewart Drive
    Orange,CA92868     		None PC Charitable 20,000
    The Priority Center
    1940 E Deere Ave Ste 240
    Santa Ana,CA92705     		None PC Charitable 20,000
    Working Wardrobes
    3030 Pullman St Ste A
    Costa Mesa,CA92626     		None PC Charitable 20,000
    Total .................................bullet 3a 1,605,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    1 1,692  
    4 Dividends and interest from securities....     1 364,094  
    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 ............     		    1 968,461  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,334,247  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,334,247
    (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: 20011551
    Software Version: 2020v4.0


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Joe MacPherson Foundation Inc
     
    Employer identification number

    38-3779697
    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 Joe MacPherson Foundation Inc
          		Employer identification number
    38-3779697
    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
    Joe MacPherson Lead Trust
    191 E Main St 2A
     
    Tustin, CA92780

    		$ 1,895,780


    (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
    The Joe MacPherson Foundation Inc
          		Employer identification number

    38-3779697
    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
    		 Securities $ 681,710 2020-03-03
    (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 Joe MacPherson Foundation Inc
          		Employer identification number

    38-3779697
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0

    TY 2020 AccountingFeesSchedule
    Name:
    The Joe MacPherson Foundation Inc
    EIN:
    38-3779697
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Auditing Fees 6,250 0 0 0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Joe MacPherson Foundation Inc
    EIN:
    38-3779697
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Vanguard ST Bond Fd 939,597 943,223
    R2000 Step-up Issuer CD 5/28/21    
    SP500 ARN BofA 2/28/20    
    SX5E ARN Issuer BNS 6/25/20    
    R2000 ARN Issuer CIBC 6/26/20    
    SP500 ARN Issuer BofA 9/25/20    
    SP500 ARN Issuer CIBC 6/26/20    
    SP500 Stepup Issuer BARC 8/26/22    
    SP500 STepup Issuer BofA 11/28/22    
    SP500 Stepup Issuer CIBC 7/29/22    
    Vanguard Intermediate-Term Corp Bd 1,858,592 1,872,082
    Vanguard Total International Bond ETF 478,024 479,349

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Joe MacPherson Foundation Inc
    EIN:
    38-3779697
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Citigroup Inc Com New 214,928 229,622
    Microsoft Corp 391,038 762,011
    Chubb LTD (Ace Limited)    
    American Tower Reit Inc 179,886 202,687
    Blackrock Inc 171,826 266,248
    Costco Wholesale 196,432 353,796
    Danaher Corp Del 156,489 363,421
    Disney Co 213,083 319,239
    Home Depot Inc 202,321 300,151
    Honeywell Intl 238,855 377,755
    Lockheed Martin 232,883 252,391
    Thermo Fisher Scientific 151,592 314,867
    Visa Inc 227,261 434,617
    Vanguard Financials ETF 450,835 629,497
    Apple Inc 370,197 812,328
    Nextera Energy Inc 158,761 271,105
    Total S.A.    
    Anthem INc 145,059 159,903
    Prologis Inc. 162,526 208,289
    Sysco Corp    
    Union Pacific Corp 195,734 319,409
    Walmart Stores Inc 243,369 346,392
    SPDR S&P Insurance ETF 7,675 7,757
    Alphabet Inc Cl A 379,745 573,113
    Amazon Com Inc 442,171 749,094
    Keurig Dr Pepper Inc    
    Comm Services Select 553,009 778,719
    Abbott Labs 157,260 211,316
    Capital One Finl 91,353 118,126
    Cisco 207,140 217,351
    Constellation Brands Inc 167,375 221,679
    JP Morgan Chase 192,833 222,373
    Microchip Technology Inc 156,303 269,453
    Ross Stores Inc Com' 191,762 236,532
    Truist 198,222 210,652
    Zoetis 221,497 322,725
    Doubleline Total Return    
    Ball Corp 142,557 202,760
    Chevron Corp 209,474 198,542
    FISERV Inc. 232,723 257,779
    Hilton Worldwide 115,821 167,891
    Parker Hannifin 103,710 105,967
    Pepsico Inc. 92,394 107,073
    Select Sector SPDR Tr 44,189 54,738
    Pacer Benchmark DAta 37,704 37,176
    Proshares Online Retail ETF 68,396 74,485
    Sector SPDR Energy 79,648 82,054
    SPDR Bloomberg Barclays 531,997 531,914
    Vanguard Small Cap 245,778 335,044
    Xtrackers USD High Yield 204,836 207,823

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Joe MacPherson Foundation Inc
    EIN:
    38-3779697
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Sherwin Williams AT COST    
    Consumer Discretionary SPDR AT COST 455,959 657,269
    Health Care Select SPDR AT COST 550,325 663,624
    Ishares TIPS Bond ETF AT COST 319,071 353,846
    Ishares 3-7 Year Trsy Bd AT COST    
    Vanguard Information AT COST 762,536 1,247,817
    Sector SPDR Consumers Stpl AT COST 313,825 397,820
    Sector SPDR Industrial AT COST 375,207 488,176
    Sector SPDR Utilities AT COST 7,330 8,026
    Real Estate Select SPDR AT COST 5,436 5,703
    Ishares Nasdaq Biotech AT COST 169,954 235,870
    First Trust Dow Jones AT COST 185,879 297,334
    Ishares 1-3 Years AT COST 317,785 323,061
    Materials Select Sector SPDR AT COST 69,807 96,134
    SPDR S&P ETF Trust AT COST    
    Fidelity MSCI Utilities AT COST 54,421 53,890
    First Trust Cloud AT COST 221,732 320,916
    Invesco Peferred ETF AT COST 133,734 134,975
    Ishares 1-3 Year AT COST 268,663 273,911
    Ishares 20+ Year AT COST 401,218 398,741
    Ishares MBS ETF AT COST 2,048,047 2,048,418
    Ishares Inc Core MSCI AT COST 137,078 159,257
    Ishares TTr Core MSCI EAFE AT COST 411,117 462,005
    R2000 Step-up Issuer CS 5/28/21 AT COST 100,000 126,800
    SP500 Step-up Issuer BARC 8/25/23 AT COST 100,000 99,900
    SP500 Stepup Issuer BARC 11/27/23 AT COST 200,000 197,600
    SP500 Stepup Issuer BARC 1/2/24 AT COST 100,000 100,000
    SP500 Stepup Issuer CIBC 6/30/23 AT COST 100,000 106,200
    SP500 Stepup Issuer HSBC 2/27/23 AT COST 100,000 106,600
    SP500 Stepup Issuer HSBC 9/29/23 AT COST 100,000 102,900

    TY 2020 OtherExpensesSchedule
    Name:
    The Joe MacPherson Foundation Inc
    EIN:
    38-3779697
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Fees 167,856 167,856 167,856  


    TY 2020 OtherIncreasesSchedule
    Name:
    The Joe MacPherson Foundation Inc
    EIN:
    38-3779697
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Wash sales 2,121


    TY 2020 TaxesSchedule
    Name:
    The Joe MacPherson Foundation Inc
    EIN:
    38-3779697
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Charitable Registry/Franchise tax 7,768      
    Foreign taxes paid 1,649 1,649 1,649