TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
MATAN FAMILY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)4600 WEDGEWOOD BLVD STE A
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FREDERICK, MD217037167

A Employer identification number

27-5370859

B Telephone number (see instructions)

(301) 815-9975

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,568,310J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,284,184
2	Check .............
3	Interest on savings and temporary cash investments	267		267
4	Dividends and interest from securities...	25,013		25,013
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		15,326
b	Gross sales price for all assets on line 6a 4,370,656
7	Capital gain net income (from Part IV, line 2)...			15,326
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).......
12	Total. Add lines 1 through 11........	2,324,790		40,606
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		3,500	1,750	1,750
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,607	857	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		23,685	23,685	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,792		26,292	1,750
25	Contributions, gifts, grants paid.......	164,409			164,409
26	Total expenses and disbursements. Add lines 24 and 25	193,201		26,292	166,159
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,131,589
b	Net investment income (if negative, enter -0-)			14,314
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	381,628	2,009,357	2,009,357
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	810	810	810
	10a	Investments—U.S. and state government obligations (attach schedule)	0	103,462	103,462
	b	Investments—corporate stock (attach schedule).......	0	2,184,272	2,184,272
	c	Investments—corporate bonds (attach schedule).......	0	68,269	68,269
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,168,169	201,022	201,022
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	2,538	1,118	1,118
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,553,145	4,568,310	4,568,310
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	2,553,145	4,568,310
	29	Total net assets or fund balances (see instructions).....	2,553,145	4,568,310
	30	Total liabilities and net assets/fund balances (see instructions).	2,553,145	4,568,310

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,553,145

Enter amount from Part I, line 27a .....................

2,131,589

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

4,684,734

Decreases not included in line 2 (itemize) bullet

116,424

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

4,568,310

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 - LT	P	2016-11-22	2020-09-29
b	PUBLICLY TRADED SECURITIES - ST	P	2019-12-31	2020-07-28
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,542,467	1,341,134	201,333
b	2,827,740	3,014,196	-186,456
c	449		449
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			201,333
b			-186,456
c			449
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	15,326
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	199
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	199
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	199
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,131
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	1,131
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	932
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax932	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

A SCOTT COWPERTHWAITE Telephone no. bullet

(301) 815-9975

Located at bullet

4600 WEDGEWOOD BLVD STE AFREDERICKMD ZIP+4 bullet

21703

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
MARK C MATAN	PRESIDENT, JOINED 02/2011 5.00	0	0	0
4600 WEDGEWOOD BLVD STE A FREDERICK,MD21703	PRESIDENT, JOINED 02/2011 5.00	0	0	0
SUZANNE MATAN	VICE PRESIDENT, JOINED 02/2011 5.00	0	0	0
4600 WEDGEWOOD BLVD STE A FREDERICK,MD21703	VICE PRESIDENT, JOINED 02/2011 5.00	0	0	0
THERESE MATAN	SECRETARY, JOINED 02/2011 5.00	0	0	0
3750 NORTHHAMPTON ST NW WASHINGTON,DC20015	SECRETARY, JOINED 02/2011 5.00	0	0	0
JOSEPH P MATAN	VICE PRESIDENT, JOINED 02/2011 5.00	0	0	0
4600 WEDGEWOOD BLVD STE A FREDERICK,MD21703	VICE PRESIDENT, JOINED 02/2011 5.00	0	0	0
A SCOTT COWPERTHWAITE	TREASURER, JOINED 02/2011 5.00	0	0	0
4600 WEDGEWOOD BLVD STE A FREDERICK,MD21703	TREASURER, JOINED 02/2011 5.00	0	0	0
MICHELLE MATAN DOMBO	DIRECTOR, JOINED 02/2011 5.00	0	0	0
4600 WEDGEWOOD BLVD STE A FREDERICK,MD21703	DIRECTOR, JOINED 02/2011 5.00	0	0	0

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...................				0

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,583,703

Average of monthly cash balances.......................

929,805

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,513,508

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,513,508

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

37,703

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,475,805

Minimum investment return. Enter 5% of line 5..................

123,790

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.)

Minimum investment return from Part X, line 6....................

123,790

Tax on investment income for 2020 from Part VI, line 5......

199

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

199

Distributable amount before adjustments. Subtract line 2c from line 1............

123,591

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

123,591

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

123,591

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

166,159

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

166,159

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

166,159

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)

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					123,591
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......	66,792
c From 2017......	15,900
d From 2018......
e From 2019......	202,515
fTotal of lines 3a through e........		285,207
4Qualifying distributions for 2020 from Part
XII, line 4: $ 166,159
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					123,591
e Remaining amount distributed out of corpus		42,568
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		327,775
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		327,775
10 Analysis of line 9:
a Excess from 2016....	66,792
b Excess from 2017....	15,900
c Excess from 2018....
d Excess from 2019....	202,515
e Excess from 2020....	42,568

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

MARK C MATAN

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WASHINGTON JESUIT ACADEMY 900 VARNUM STREET NE WASHINGTON,DC20017	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	3,000
SAINT EDMONDS CATHOLIC CHURCH 409 KING CHARLES AVE REHOBOTH BEACH,DE199710646	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	10,000
THE FATHER MCKENNA CENTER 19 EYE ST NW WASHINGTON,DC200011425	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	100,000
SHELTERS TO SHUTTERS 1921 GALLOWS ROAD SUITE 700 VIENNA,VA22182	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	5,000
POOR ROBERTS CHARITIES 9436 TOBIN CIRCLE POTOMAC,MD20854	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	1,500
THE SHEPHERD FOUNDATION PO BOX 50 KENSINGTON,MD20895	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	5,000
BETHESDA CARES 7728 WOODMONT AVE BETHESDA,MD20814	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	2,500
GONZAGA COLLEGE HIGH SCHOOL 19 EYE ST NW WASHINGTON,DC20001	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	5,000
YMCA OF FREDERIC COUNTY 1000 NORTH MARKET STREET FREDERICK,MD21701	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	7,409
HANDMAIDS OF THE SACRED HEART OF JESUS 1242 S BROAD STREET PHILADELPHIA,PA19146	NONE	PUBLIC CHARITY	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	25,000
Total ................................. 3a				164,409

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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 ...........			20	267
4 Dividends and interest from securities....			14	25,013
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 ............			18	15,326
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		40,606	0

13Total. Add line 12, columns (b), (d), and (e)..................

40,606

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

MATAN FAMILY FOUNDATION INC

Employer identification number

27-5370859

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 MATAN FAMILY FOUNDATION INC

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	MARK C MATAN 4600 WEDGEWOOD BLVD STE A FREDERICK, MD21703	$ 1,000,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	MARK C MATAN 4600 WEDGEWOOD BLVD STE A FREDERICK, MD21703	$ 1,284,184	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 MATAN FAMILY FOUNDATION INC		Employer identification number 27-5370859

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	SECURITIES: ACNB CORP GETTYSBURG PA, ADVNCD MICRO, AMAZON, PELOTON, SANDY SPRING BNCRP, TESLA,ZOOM	$ 1,284,184	2020-12-18
(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 MATAN FAMILY FOUNDATION INC			Employer identification number 27-5370859
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	3,500	1,750		1,750

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK OF AMERICA CORP FXD TO 102029 VAR THRAFTR 2.8840%	6,589	6,589
CITIGROUP INC FXD TO 072027 VAR THRAFTR 3.6680%	5,669	5,669
COMCAST CORP	4,815	4,815
CVS HEALTH CORP	4,760	4,760
ENTERPRISE PRODUCTS OPERATING LLC	3,787	3,787
GENERAL ELECTRIC CO	4,066	4,066
GOLDMAN SACHS GROUP INC/THE	4,707	4,707
JPMORGAN CHASE & CO FXD TO 072028 VAR THRAFTR 4.2030%	8,369	8,369
MICROSOFT CORP	8,488	8,488
SHELL INTERNATIONAL FINANCE BV	6,636	6,636
VERIZON COMMUNICATIONS INC	4,715	4,715
WELLS FARGO & CO FXD TO 052027VAR THRAFTR 3.5840%	5,668	5,668

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AIA GROUP LTD SPON ADR	5,846	5,846
ADVANCE AUTO PARTS	1,733	1,733
APPLE INC	23,221	23,221
ABB LTD	2,684	2,684
ABIOMED INC	648	648
ADOBE INC	15,504	15,504
ASAHI KAISEI CORP ADR	1,857	1,857
AIR LIQUIDE ADR	1,052	1,052
AKAMAI TECHNOLOGIES INC	1,995	1,995
ALCON INC	7,456	7,456
ALIGN TECHNOLOGY	2,138	2,138
ALLEGION PUB LTD CO	6,285	6,285
ALARM COM HLDGS INC COM	2,586	2,586
ALEXION PHARM INC	2,031	2,031
ADVANCED MICRO DEVICES	2,476	2,476
AMGEN INC	10,806	10,806
AMERIPRISE FINCL INC	6,802	6,802
AMERICA MOVIL SA DE CV ADR L	567	567
AMAZON COM INC	19,542	19,542
ANSYS INC	10,550	10,550
AON PLC CL A	1,056	1,056
AIR PROD & CHEM INC	1,639	1,639
AMPHENOL CORP NEW CL A	1,700	1,700
APTIV PLC	1,433	1,433
ASSA ABLOY AB UNSP ADR	861	861
ASML HOLDING NV NY REG NEW	9,754	9,754
ATRION CORP	3,211	3,211
ASTRAZENECA PLC ADR	4,549	4,549
ASPEN TECHNOLOGY INC	1,824	1,824
ALIBABA GROUP HLDG LTD	4,655	4,655
BANCO BILBAO VIZ ARG SA ADS	1,704	1,704
BRIGHT HORIZONS FAMILY SOLUT	3,806	3,806
BEIGENE LTD	1,809	1,809
BIOGEN INC COM	490	490
BLACK KNIGHT INC	3,092	3,092
BOOKING HOLDINGS INC	4,455	4,455
BLACKLINE INC	5,335	5,335
BIOMARIN PHARMAC SE	1,929	1,929
B&M EUROPEAN VALUE RET SA ADR	880	880
BROOKS-AUTOMATION INC	4,071	4,071
BRITISH AMER TOB SPON ADR	2,774	2,774
ANHEUSER BUSCH INBEV SA SPON	3,356	3,356
BLACKSTONE GROUP INC CL A	1,361	1,361
CARLSBERG AS	4,627	4,627
CABLE ONE INC COM	6,683	6,683
CHUBB LTD	4,618	4,618
COMMERCE BANCSHARES	3,876	3,876
COGENT COMM GROUP	2,874	2,874
CULLEN FROST BANKERS INC	4,013	4,013
COMPAGNIE FIN RICHEMONTAG ADR	1,369	1,369
CINCINNATI FINANCIAL OHIO	4,805	4,805
COMCAST CORP (NEW) CLASS A	2,306	2,306
CANTEL MEDICAL CORP	1,656	1,656
CHIPOTLE MEXICAN GRILL INC COM	2,773	2,773
CANADIAN NATL RAILWAY CO	1,208	1,208
CAPITAL ONE FINANCIAL CORP	6,623	6,623
CABOT OIL & GAS CORP A	5,210	5,210
COSTCO WHOLESALE CORP NEW	2,261	2,261
COUPA SOFTWARE INC	1,017	1,017
SALESFORCE.COM,INC.	6,008	6,008
COSTAR GROUP INC	1,849	1,849
CASTLE BIOSCIENCES INC	672	672
COGNIZANT TECH SOLUTIONS CL A	1,147	1,147
CORTEVA INC	7,473	7,473
CALAVO GROWERS INC	1,180	1,180
CARVANA CO CL A	1,677	1,677
DEUTSCHE BOERSE AG UNSPON ADR	946	946
DBS GROUP HOLDINGS LTD SP	1,217	1,217
DEERE & CO	1,614	1,614
DIAGEO PLC SPON ADR NEW	2,065	2,065
DANAHER CORPORATION	10,663	10,663
WALT DISNEY CO HLDG CO	2,174	2,174
DAIKIN INDS LTD UNSPON ADR	1,407	1,407
DNB ASA SPONSORED ADR	1,902	1,902
DSV PANALPINA AS UNSPON ADR	1,932	1,932
DESCARTES SYSTEMS GROUP INC	2,164	2,164
DAIICHI SANKYO CO LTD SPON ADR	1,524	1,524
DEXCOM INC	2,588	2,588
AIRBUS SE UNSPONSORED ADR	2,213	2,213
ECOLAB INC	1,947	1,947
ESTEE LAUDER CO INC CL A	1,597	1,597
ELANCO ANIMAL HEALTH INC	6,103	6,103
EQUITY LIFESTYLE PROPERTIES	3,041	3,041
ENGIE SPONS ADR	872	872
ENEL SOCIETA PER AZIONI ADR	4,689	4,689
ENPHASE ENERGY	1,228	1,228
ENVESTNET INC	4,444	4,444
EQUINIX INC	4,285	4,285
ESSILORLUXOTTICA ADR	3,188	3,188
EVO PMTS INC CL A	3,214	3,214
EVERTEC INC	2,005	2,005
EAST WEST BANCORP	3,753	3,753
EXACT SCIENCES CORP	1,722	1,722
EXPONENT INC	2,341	2,341
FACEBOOK INC CL-A	14,477	14,477
FEDEX CORP	1,558	1,558
FIDELITY NATL INFORMATION SE	2,405	2,405
FLOOR & DECOR HLDGS INC CL-A	4,457	4,457
GENL DYNAMICS CORP	4,613	4,613
GALAPAGOS NV ADR	1,188	1,188
GENMAB A S ADR	3,375	3,375
ALPHABET INC CL C	3,504	3,504
GRIFOLS SA ADR	664	664
GRUBHUB INC.	297	297
GIVAUDAN SA ADR	3,055	3,055
GUIDEWIRE SOFTWARE INC	4,119	4,119
W W GRAINGER INC	2,450	2,450
HCA HEALTHCARE INC	1,974	1,974
HUTCHISON CHINA MEDITECH LTD	1,057	1,057
HOME DEPOT INC	4,781	4,781
HDFC BANK LTD ADR	1,373	1,373
HEICO CORP CLASS A	4,682	4,682
HERMES INTL SCA UNSPON ADR	1,946	1,946
HONG KONG EXCHANGES & CLEARING	1,971	1,971
HELIOS TECHNOLOGIES INC	746	746
HAMILTON LANE CL A	3,668	3,668
HOYA CORP SPONS ADR	2,082	2,082
HEALTHEQUITY INC COM	2,440	2,440
IAA INC	4,809	4,809
IBERDROLA SA SPON ADR	3,508	3,508
INDUSTRIA DE DISENO TEXTIL IND	1,636	1,636
IDEX CORPORATION DELAWARE	1,195	1,195
IHS MARKIT LTD	2,425	2,425
INTUITIVE SURGICAL INC	1,636	1,636
JOHN BEAN TECHNOLOGIES CORP	3,074	3,074
JOHNSON CTLS INTL PLC	6,103	6,103
JARDINE MATHESON HLDGS LTD ADR	1,012	1,012
JPMORGAN CHASE & CO	6,226	6,226
ORTHOPEDIATRICS CORP	3,754	3,754
ROYAL KPN NV SPONS ADR	1,619	1,619
COCA COLA CO	6,965	6,965
KEYENCE CORP	6,741	6,741
LENNAR CORPORATION	7,547	7,547
LITTELFUSE INC	1,528	1,528
LEMAITRE VASCULAR INC	1,985	1,985
LONDON STK EXCHANGE GROUP ADR	5,283	5,283
LOWES COMPANIES INC	1,284	1,284
LAM RESEARCH CORPORATION	1,889	1,889
L OREAL CO ADR	3,503	3,503
LULULEMON ATHLETICA INC	1,740	1,740
LVMH MOET HENNESSY LOUIS VUITT	1,746	1,746
MASTERCARD INC CL A	2,499	2,499
MICROCHIP TECHNOLOGY INC	8,563	8,563
MCKESSON CORP	2,087	2,087
MEDTRONIC PLC SHS	7,146	7,146
MERCADOLIBRE INC	8,376	8,376
MICHELIN COMPAGNIE GENERALE DE	1,800	1,800
MIDDLEBY CORP DEL	516	516
MARKETAXESS HOLDINGS INC	2,853	2,853
MESA LABORATORIES INC	3,440	3,440
MARTIN MARIETTA MATERIALS	6,247	6,247
MONRO INC	1,599	1,599
MONSTER BEVERAGE CORP NEW COM	4,532	4,532
MURATA MANUFACTURING CO LTD	1,405	1,405
MODERNA INC	522	522
MORGAN STANLEY	1,987	1,987
MSCI INC COM	893	893
MICROSOFT CORP	28,915	28,915
MATCH GROUP INC	2,721	2,721
MITSUBISHI UFJ FINCL GRP ADS	2,959	2,959
NITORI HLDGS CO LTD ADR	1,228	1,228
NETFLIX INC	1,622	1,622
NIDEC CORP	2,061	2,061
NOVANTA INC	3,192	3,192
SERVICENOW INC	1,101	1,101
NORFOLK SOUTHERN CORP	2,138	2,138
NESTLE SPON ADR REP REG SHR	4,005	4,005
NUTANIX INC CL A	637	637
NIPPON TELEGRAPH&TELEPHONE ADS	1,516	1,516
NVIDIA CORPORATION	6,266	6,266
NOVO NORDISK A/S ADR	5,029	5,029
NOVARTIS AG ADR	5,383	5,383
NXP SEMICONDUCTORS NV	1,749	1,749
OKTA, INC CL A	1,017	1,017
PALO ALTO NETWORKS INC	2,132	2,132
PERNOD RICARD SA UNSPONS ADR	2,263	2,263
FLUTTER ENTMT PLC ADR	834	834
PROCTER & GAMBLE	6,679	6,679
PARKER HANNIFIN CORP	7,355	7,355
KONINKLIJKE PHIL EL SP ADR NEW	1,625	1,625
PINTEREST INC CL A	791	791
DOUGLAS DYNAMICS INC COM	4,149	4,149
PNC FINL SVCS GP	6,109	6,109
KERING S A ADR NEW	4,130	4,130
PROS HLDG INC	2,843	2,843
PROSUS N V SPONSORED ADR	998	998
PHILLIPS 66 COM	3,637	3,637
PIONEER NATURAL RESOURCES CO	2,733	2,733
PAYPAL HLDGS INC COM	13,818	13,818
QUALCOMM INC	16,453	16,453
QUALYS INC COM	2,437	2,437
RECKITT BENCKISER PLC SPNS ADR	2,899	2,899
RECRUIT HOLDINGS CO. LTD. ADR	1,144	1,144
REGENERON PHARMACEUTICALS INC	1,932	1,932
RELX PLC SPONSORED ADR	3,009	3,009
REPLIGEN CP	2,300	2,300
RIO TINTO PLC SPON ADR	827	827
ROCKWELL AUTOMATION INC	2,257	2,257
ROPER TECHNOLOGIES, INC.	862	862
R P M INC	6,809	6,809
RAYTHEON TECHNOLOGIES CORP	2,074	2,074
SAFRAN SA	4,468	4,468
THE BOSTON BEER CO INC A	1,989	1,989
SAP AG	3,260	3,260
STRAUMANN HLDG AG ADR	2,363	2,363
CHARLES SCHWAB NEW	1,962	1,962
SOFTBANK CORP UNSPONS ADR	2,513	2,513
SEAGEN INC	3,678	3,678
SHIONOGI & CO LTD UNSPONS ADR	2,110	2,110
SHIN ETSU CHEM CO LTD ADR	3,606	3,606
SHOPIFY INC	2,264	2,264
SHERWIN WILLIAMS COMPANY OHIO	1,470	1,470
SITEONE LANDSCAPE SUPPLY INC	4,442	4,442
SMC CORP COMMON	3,049	3,049
SNAP INC. CL A	4,356	4,356
SONY CORP ADR 1974 NEW	8,088	8,088
SYNOPSYS INC	2,852	2,852
S&P GLOBAL INC COM	1,315	1,315
SPLUNK INC	2,378	2,378
SPOTIFY TECHNOLOGY SA	1,888	1,888
SQUARE INC CLASS A	2,829	2,829
SS&C TECHNOLOGIES HLDGS INC	800	800
STMICROELECTRONICS NV	1,336	1,336
SUN COMMUNITIES INC	3,039	3,039
SUZUKI MTR CORP ADR	934	934
TENCENT HLDGS LTD UNSPON ADR	3,810	3,810
TELADOC HEALTH INC	600	600
ATLASSIAN CORP PLC CL A	702	702
BIO-TECHNE CORP	5,398	5,398
TFI INTL INC	1,393	1,393
THERMO FISHER SCIENTIFIC	4,658	4,658
TOKYO ELECTRON LTD UNSPON ADR	1,029	1,029
TOTAL S A ADR	1,383	1,383
TREX COMPANY INC	3,935	3,935
TERUMO CORP ADR UNSPONS ADR	1,988	1,988
TRUPANION INC	2,514	2,514
TESLA INC	9,174	9,174
TAIWAN SMCNDCTR MFG CO LTD ADR	7,633	7,633
TYSON FOODS INC CL A	4,382	4,382
TRADE DESK INC CLASS A	1,602	1,602
TWITTER INC	7,419	7,419
TEXAS INSTRUMENTS	4,432	4,432
TYLER TECHNOLOGIES INC	2,183	2,183
UBER TECHNOLOGIES INC	2,856	2,856
UNILEVER PLC (NEW) ADS	664	664
ULTA BEAUTY INC	2,297	2,297
UNITEDHEALTH GP INC	4,559	4,559
UNICHARM CORP UNSPON ADR	3,002	3,002
UNITED PARCEL SER INC CL-B	3,368	3,368
VISA INC CL A	6,124	6,124
VEEVA SYS INC CL A	545	545
VMWARE INC CLASS A	1,964	1,964
WAYFAIR INC	1,581	1,581
WALGREENS BOOTS ALLIANCE INC	2,752	2,752
WORKDAY INC CL A	1,917	1,917
WD 40 COMPANY	1,063	1,063
WORKIVA INC CLASS A	1,008	1,008
XYLEM INC COM	6,515	6,515
ZILLOW GROUP INC CL C CAP STK	2,466	2,466
ZOETIS INC CLASS-A	3,807	3,807
ACNB CORP GETTYSBURG PA	110,625	110,625
ADVNCD MICRO D INC	91,710	91,710
AMAZON COM INC COM	195,416	195,416
PELOTON INTERACTIVE INC	113,790	113,790
SANDY SPRING BNCRP INC	527,658	527,658
TESLA INC	176,418	176,418
ZOOM VIDEO	67,464	67,464

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

US Government Securities - End of Year Book Value:

103,462

US Government Securities - End of Year Fair Market Value:

103,462

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
WA SMASH SRS CR PLS COMPLETION	FMV	88,538	88,538
WESTERN ASSET SMASH SERIES C	FMV	47,088	47,088
WESTERN ASSET SMASH SERIES M	FMV	65,396	65,396

- TIN:

TY 2020 OtherAssetsSchedule

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INVESTMENT INCOME RECEIVABLE	2,538	1,118	1,118

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Description	Amount
CHANGE IN UNREALIZED GAINS	116,424

- TIN:

TY 2020 OtherExpensesSchedule

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MORGAN STANLEY MANAGEMENT FEES	23,685	23,685		0

- TIN:

TY 2020 TaxesSchedule

Name:

MATAN FAMILY FOUNDATION INC

EIN:

27-5370859

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	857	857		0
2019 990-PF TAXES	750	0		0