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
BRENDEN FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2004
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SILVERTON, OR97381

A Employer identification number

47-5373459

B Telephone number (see instructions)

(360) 481-6468

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

$30,418,416J 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	Check .............
3	Interest on savings and temporary cash investments	24,791		24,791
4	Dividends and interest from securities...	629,198		629,198
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		15,648
b	Gross sales price for all assets on line 6a 22,604,149
7	Capital gain net income (from Part IV, line 2)...			15,648
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).......		49,024	49,024
12	Total. Add lines 1 through 11........	718,661		718,661
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)....		103,462	103,462	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		23,650	9,234	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		2,450	0	2,450
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	133,062		114,446	4,200
25	Contributions, gifts, grants paid.......	473,000			473,000
26	Total expenses and disbursements. Add lines 24 and 25	606,062		114,446	477,200
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	112,599
b	Net investment income (if negative, enter -0-)			604,215
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.............
	2	Savings and temporary cash investments.........	2,952,022	8,920,216	8,920,216
	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..........
	10a	Investments—U.S. and state government obligations (attach schedule)	3,903,290	898,721	898,721
	b	Investments—corporate stock (attach schedule).......	8,235,578	5,542,843	5,542,843
	c	Investments—corporate bonds (attach schedule).......	6,149,572	1,192,449	1,192,449
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	8,654,024	13,837,311	13,837,311
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	6,033	26,876	26,876
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	29,900,519	30,418,416	30,418,416
	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	29,900,519	30,418,416
	29	Total net assets or fund balances (see instructions).....	29,900,519	30,418,416
	30	Total liabilities and net assets/fund balances (see instructions).	29,900,519	30,418,416

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

29,900,519

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

112,599

Other increases not included in line 2 (itemize) bullet

405,298

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

30,418,416

Decreases not included in line 2 (itemize) bullet

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

30,418,416

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
1 a	PUBLICLY TRADED SECURITIES	P
b	PUBLICLY TRADED SECURITIES	P
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	7,118,188	7,124,869	-6,681
b	15,430,990	15,463,632	-32,642
c	54,971		54,971
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			-6,681
b			-32,642
c			54,971
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	15,648
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	8,399
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	8,399
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	8,399
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	10,800
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,200
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	13,000
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	4,601
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax4,601	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?................

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

THE FOUNDATION Telephone no. bullet

(360) 481-6468

Located at bullet

PO BOX 2004SILVERTONOR ZIP+4 bullet

97381

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
NORMAN L BRENDEN	PRESIDENT 10.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	PRESIDENT 10.00	0	0	0
ASHLEY JOHNSTON	VICE PRESIDENT 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	VICE PRESIDENT 5.00	0	0	0
BENJAMIN JOHNSTON	VICE PRESIDENT 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	VICE PRESIDENT 5.00	0	0	0
MARCI BRENDEN	SECRETARY/TREASURER 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	SECRETARY/TREASURER 5.00	0	0	0
LINDA A BRENDEN	DIRECTOR 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	DIRECTOR 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...................

19,288,539

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

9,484,489

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

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

28,773,028

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

28,773,028

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

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

431,595

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

28,341,433

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

1,417,072

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

1,417,072

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

8,399

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

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

8,399

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

1,408,673

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

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

1,408,673

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

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

1,408,673

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 ..........

477,200

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

477,200

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

477,200

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				1,408,673
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			471,026
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 477,200
a Applied to 2019, but not more than line 2a			471,026
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.....				6,174
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2020.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........				1,402,499
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

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).)

NORMAN L BRENDEN

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
CHILDREN'S CANCER ASSOCIATION 1200 NW NAITO PARKWAY SUITE 140 PORTLAND,OR97209	NONE	PC	MATCH DONATION	100,000
MARION-POLK FOOD SHARE INC 1660 SALEM INDUSTRIAL DRIVE NE SALEM,OR97301	NONE	PC	SUSTAINER PLEDGE	100,000
SILVER CREEK FELLOWSHIP 822 INDUSTRIAL WAY NE SILVERTON,OR97381	NONE	PC	FREEZER LABOR INSTALL/TRUCK	93,000
ABC HOUSE INC PO BOX 68 ALBANY,OR97321	NONE	PC	GENERAL SUPPORT	20,000
GLOBAL EMPOWERMENT MISSION INC 1810 NW 94TH AVE DORAL,FL33172	NONE	PC	FIRE RELIEF/BRINKER FUND IN MARION COUNTY, OR	100,000
FAMILY BUILDING BLOCKS INC 1255 BROADWAY ST NE SALEM,OR97301	NONE	PC	GENERAL SUPPORT	10,000
SILVERTON AREA COMMUNITY AID INC 421 S WATER ST SILVERTON,OR97381	NONE	PC	RENT/UTILITIES	50,000
Total ................................. 3a				473,000

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 ...........			14	24,791
4 Dividends and interest from securities....			14	629,198
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	49,024
8 Gain or (loss) from sales of assets other than inventory ............			18	15,648
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		718,661	0

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

718,661

(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:

TY 2020 AccountingFeesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

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

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CREDIT	57,047	57,047
AT&T INC	56,950	56,950
BANK OF AMERICA CORP	56,990	56,990
CANADIAN IMPERIAL BK OF COMMERCE	51,695	51,695
CHARLES SCHWAB CORP	55,961	55,961
CITIGROUP INC	55,448	55,448
COMCAST CORP	55,823	55,823
CUMMINS, INC.	50,254	50,254
GLAXOSMITHKLINE CAPITAL	51,702	51,702
GOLDMAN SACHS GROUP INC	55,183	55,183
HASBRO INC.	54,483	54,483
JPMORGAN CHASE & CO	52,586	52,586
LINCOLN NATIONAL CORP	54,872	54,872
LOWE'S COS INC	50,659	50,659
MARSH & MCLENNAN COS INC.	56,731	56,731
MCKESSON CORP	54,879	54,879
NORFOLK SOUTHERN CORP	55,306	55,306
NORTHROP GRUMMAN CORP	54,383	54,383
STARBUCKS CORP	54,304	54,304
STRYKER CORP	51,448	51,448
TOYOTA MOTOR CREDIT CORP	53,882	53,882
TRUIST FINANCIAL CORP	51,863	51,863

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALLISON TRANSMISSION HOLDINGS	26,913	26,913
BOOKING HOLDINGS INC	60,136	60,136
CARMAX INC	36,839	36,839
DOLLAR TREE INC	34,789	34,789
FOX CORP	21,520	21,520
HASBRO INC.	23,198	23,198
INTERPUBLIC GROUP COS INC	55,860	55,860
LAS VEGAS SANDS CORP	80,102	80,102
NIKE INC.	86,863	86,863
TARGET CORP	72,907	72,907
WALT DISNEY CO	95,120	95,120
BROWN FORMAN CORP CL B	27,642	27,642
CVS HEALTH CORPORATION	62,495	62,495
HAIN CELESTIAL GROUP IN	47,056	47,056
MONDELEZ INTERNATIONAL INC	76,888	76,888
POST HOLDINGS, INC.	34,141	34,141
SYSCO CORP	80,646	80,646
ALLEGHANY CORP DEL NEW	31,392	31,392
BLACKROCK INC	94,522	94,522
BLACKSTONE GROUP INC	58,523	58,523
CINCINNATI FINANCIAL CORP	37,045	37,045
CITIGROUP INC	122,087	122,087
JPMORGAN CHASE & CO	137,109	137,109
M&T BANK CORPORATION CO	30,297	30,297
MOELIS & CO	30,862	30,862
ABBVIE INC	40,503	40,503
AMGEN INC.	42,765	42,765
ELI LILLY & CO	69,731	69,731
MERCK & CO INC NEW	65,767	65,767
THERMO FISHER SCIENTIFIC INC	58,688	58,688
UNITEDHEALTH GROUP INC	139,921	139,921
ARMSTRONG WORLD INDUSTRIES INC.	32,880	32,880
BOEING CO	66,145	66,145
CINTAS CORP	36,406	36,406
COPART INC.COM	55,099	55,099
OLD DOMINION FREIGHT LINES INC.	35,718	35,718
RAYTHEON COMPANY	71,009	71,009
UNION PACIFIC CORP	72,669	72,669
UNITED PARCEL SERVICE-CL B	82,348	82,348
WASTE MANAGEMENT	70,168	70,168
ALPHABET INC CL C	210,226	210,226
AMEX TECHNOLOGY SELECT SPDR	455,070	455,070
AMPHENOL CORP CL A	47,208	47,208
APPLE INC	329,337	329,337
BLACK KNIGHT INC.	40,906	40,906
BROADCOM INC	108,587	108,587
CDK GLOBAL INC	17,985	17,985
CISCO SYSTEMS INC	88,113	88,113
CITRIX SYS INC COM	37,599	37,599
COGNIZANT TECH SOLUTIONS CRP	75,886	75,886
ELECTRONIC ARTS INC	74,385	74,385
ENTEGRIS INC	64,099	64,099
FIDELITY NATL INFORMATION SVCS INC	52,623	52,623
LAM RESEARCH CORP COM	83,592	83,592
MICROSOFT CORP	298,710	298,710
SKYWORKS SOLUTIONS INC	51,521	51,521
VISA INC-CLASS A SHRS	64,744	64,744
BALL CORP	20,686	20,686
CELANESE CORP	77,964	77,964
NEWMARKET CORP	25,889	25,889
VULCAN MATERIALS CO	40,637	40,637
AT&T INC	66,321	66,321
AXALTA COATING SYSTEMS LTD	20,727	20,727
DIAGEO PLC - ADR	79,246	79,246
EATON CORP PLC	49,257	49,257
FLEX LTD	46,209	46,209
GARMIN LTD	66,292	66,292
MANULIFE FINANCIAL CORP	109,308	109,308
MEDTRONIC PLC	65,013	65,013
PERRIGO CO PLC	26,161	26,161
SENSATA TECHNOLOGIES HOLDINGS PLC	23,206	23,206
STERIS PLC	32,601	32,601
SUNCOR ENERGY INC NEW F	38,611	38,611
TE CONNECTIVITY LTD	57,145	57,145
TORONTO DOMINION BK ONT COM NEW	78,424	78,424
TOTAL SE - ADR	58,255	58,255
UNILEVER N.V. - ADR	55,531	55,531

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

US Government Securities - End of Year Book Value:

898,721

US Government Securities - End of Year Fair Market Value:

898,721

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
UBS-BARCLAYS COMMERCIAL MORTGAGE SER 2012	FMV	95,514	95,514
DEUTSCHE X-TRACKERS USD HIGH YIELD CORP BOND ETF	FMV	350,630	350,630
ISHARES IBOXX INVESTMENT	FMV	925,471	925,471
ISHARES 20+ YEAR TREASURY BOND	FMV	914,834	914,834
METROPOLITAN WEST TOTAL RETURN	FMV	1,466,632	1,466,632
PRINCIPLE HIGH YIELD FUND CLASS R6	FMV	1,224,134	1,224,134
PRINCIPAL PREFERRED SECURITIES FUND CLASS R6	FMV	434,298	434,298
TCW EMERG MKTS	FMV	798,896	798,896
FULLER & THALER BEHAVIORAL SMALL CAP	FMV	556,000	556,000
ISHARES MSCI ACWI ETF	FMV	362,880	362,880
ISHARES MSCI EMERGING MARKETS ASIA	FMV	174,960	174,960
PRINCIPAL MIDCAP FUND	FMV	139,520	139,520
SPDR BLOOMBERG BARCLAYS CONVERTIBLE	FMV	1,076,270	1,076,270
VANGUARD MIDCAP VIPER	FMV	620,310	620,310
VIRTUS KAR SMALL CAP CORE FUND	FMV	243,096	243,096
MFS RESEARCH INTERNATIONAL FUND	FMV	232,839	232,839
TOUCHSTONE SANDS CAPITAL EMERGING	FMV	538,265	538,265
LAMB WESTON HOLDINGS INC	FMV	33,386	33,386
ALPHASIMPLEX MANAGED FUTURES	FMV	423,481	423,481
JOHN HANCOCK FUND II - ABSOLUTE RETURN	FMV	509,120	509,120
NEUBERGER BERMAN LONG SHORT FUND	FMV	442,007	442,007
PIMCO CREDIT OPPORTUNITIES BOND FUND	FMV	648,483	648,483
STORE CAPITAL CORP REIT	FMV	30,956	30,956
DWS ENHANCED COMMODITY STRATEGY FUND	FMV	691,198	691,198
LAZARD GLOBAL LISTED INFRASTRUCTURE PORTFOLIO	FMV	584,846	584,846
TORTOISE MLP & PIPELINE FUND	FMV	319,285	319,285

- TIN:

TY 2020 OtherAssetsSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDENDS RECEIVABLE	4,122	26,269	26,269
ACCRUED INTEREST PURCHASED	1,911	607	607

- TIN:

TY 2020 OtherExpensesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DEPARTMENT OF JUSTICE FEES	2,400	0		2,400
LICENSES	50	0		50

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
MARKET DISCOUNT	49,024	49,024	49,024

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	405,298

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	103,462	103,462		0

- TIN:

TY 2020 TaxesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAXES	14,416	0		0
FOREIGN TAXES	9,234	9,234		0