Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
TERASAKI NIBEI FOUNDATION
FKA NIBEI FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1018 WESTWOOD BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90024
A Employer identification number

95-4692410
B Telephone number (see instructions)

(310) 479-6101
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,561,824J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 16,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 245 245 245
4 Dividends and interest from securities... 132,299 132,299 132,299
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,842,486
b Gross sales price for all assets on line 6a 7,631,726
7 Capital gain net income (from Part IV, line 2)... 2,842,486
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 430    
12 Total. Add lines 1 through 11........ 2,991,460 2,975,030 132,544
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 478     478
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 470      
b Accounting fees (attach schedule)....... Click to see attachment 25,745     25,745
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 23,735 23,541 23,541 194
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,316     1,107
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 74,784 22,182 22,182 50,841
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 126,528 45,723 45,723 78,365
25 Contributions, gifts, grants paid....... 286,462 286,462
26 Total expenses and disbursements. Add lines 24 and 25 412,990 45,723 45,723 364,827
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,578,470
b Net investment income (if negative, enter -0-) 2,929,307
c Adjusted net income (if negative, enter -0-)... 86,821
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 455 309 309
2 Savings and temporary cash investments......... 23,421 407,537 407,537
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet2,310
Less: allowance for doubtful accounts bullet     2,310 2,310
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,181,155 Click to see attachment5,373,345 6,151,668
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet45,697
Less: accumulated depreciation (attach schedule) bullet45,697      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,205,031 5,783,501 6,561,824
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 3,205,031 5,783,501
29 Total net assets or fund balances (see instructions)..... 3,205,031 5,783,501
30 Total liabilities and net assets/fund balances (see instructions). 3,205,031 5,783,501
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,205,031
2
Enter amount from Part I, line 27a .....................
2
2,578,470
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,783,501
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,783,501
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ML 03029 SUPPL- SEE ATTACHED P 2020-01-01 2020-12-31
b 127 Alleghany Corp D 2013-11-22 2020-01-14
c 200 Alleghany Corp D 2014-01-07 2020-01-14
d 303 Alleghany Corp D 2018-03-07 2020-01-14
e 100 Alleghany Corp D 2018-03-12 2020-01-14
200 Alphabet Inc Voting Stk CL A D 2014-10-28 2020-01-14
280 Alphabet Inc Voting Stk CL A D 2015-02-11 2020-01-14
60 Alphabet Inc Voting Stk CL A D 2016-08-31 2020-01-14
60 Alphabet Inc Voting Stk CL A D 2017-05-15 2020-01-14
160 Alphabet Inc Voting Stk CL A D 2016-04-26 2020-01-14
2010 Apple Inc D 2015-02-11 2020-01-14
990 Apple Inc D 2015-12-22 2020-01-14
5300 Blackstone Group Inc D 2017-05-15 2020-01-14
1842 Blackstone Group Inc D 2017-05-15 2020-01-14
358 Blackstone Group Inc D 2017-05-15 2020-01-14
21.838 BNY Mellon Global Fixed Income Fd Cl I P 2020-01-13 2020-06-17
463.769 BNY Mellon Global Fixed Income Fd Cl I P 2020-01-13 2020-07-08
112.584 BNY Mellon Global Fixed Income Fd Cl I P 2020-01-13 2020-08-13
31.205 BNY Mellon Global Fixed Income Fd Cl I P 2020-01-13 2020-10-07
641 Compass Minerals Intl Inc D 2017-01-09 2020-01-14
1200 Compass Minerals Intl Inc D 2017-03-03 2020-01-14
1300 Compass Minerals Intl Inc D 2017-03-27 2020-01-14
6200 Compass Minerals Intl Inc D 2018-10-30 2020-01-14
700 Compass Minerals Intl Inc D 2018-12-24 2020-01-14
700 Compass Minerals Intl Inc D 2018-12-24 2020-01-14
200 Compass Minerals Intl Inc D 2019-11-08 2020-01-14
1052.13 Delaware Emerging Mkts Fd Cl Instl P 2020-01-13 2020-06-02
20.947 Delaware Emerging Mkts Fd Cl Instl P 2020-01-13 2020-06-17
210.809 Delaware Emerging Mkts Fd Cl Instl P 2020-01-13 2020-07-08
56.403 Delaware Emerging Mkts Fd Cl Instl P 2020-01-13 2020-08-13
15.633 Delaware Emerging Mkts Fd Cl Instl P 2020-01-13 2020-10-07
1693.568 Fidelity Advisor Biotechnology FD CL I P 2020-01-13 2020-06-02
20.887 Fidelity Advisor Biotechnology FD CL I P 2020-01-13 2020-06-17
210.195 Fidelity Advisor Biotechnology FD CL I P 2020-01-13 2020-07-08
56.239 Fidelity Advisor Biotechnology FD CL I P 2020-01-13 2020-08-13
15.587 Fidelity Advisor Biotechnology FD CL I P 2020-01-13 2020-10-07
30 FMC Corp Com New D 2016-06-30 2020-01-14
3000 FMC Corp Com New D 2018-11-01 2020-01-14
83.155 Guggenheim Total Return Bond Fd Instl Class P 2020-01-13 2020-06-17
428.235 Guggenheim Total Return Bond Fd Instl Class P 2020-01-13 2020-07-08
153.397 Guggenheim Total Return Bond Fd Instl Class P 2020-01-13 2020-08-13
126.812 Guggenheim Total Return Bond Fd Instl Class P 2020-01-13 2020-10-07
318 Ishares 20+ Year Treasury Bond ETF P 2020-01-14 2020-03-02
295 Ishares 20+ Year Treasury Bond ETF P 2020-01-14 2020-03-10
4 Ishares 20+ Year Treasury Bond ETF P 2020-01-14 2020-07-09
3 Ishares 20+ Year Treasury Bond ETF P 2020-01-14 2020-08-14
1 Ishares 20+ Year Treasury Bond ETF P 2020-01-14 2020-10-08
3075 Ishares Core 1-5 Year USD Bond ETF P 2020-01-14 2020-06-03
26 Ishares Core 1-5 Year USD Bond ETF P 2020-01-14 2020-06-18
94 Ishares Core 1-5 Year USD Bond ETF P 2020-01-14 2020-07-09
46 Ishares Core 1-5 Year USD Bond ETF P 2020-01-14 2020-08-14
17 Ishares Core 1-5 Year USD Bond ETF P 2020-01-14 2020-10-08
185 Ishares Core S&P 500 ETF P 2020-01-14 2020-03-27
226 Ishares Core S&P 500 ETF P 2020-01-14 2020-06-03
7 Ishares Core S&P 500 ETF P 2020-01-14 2020-06-18
91 Ishares Core S&P 500 ETF P 2020-01-14 2020-07-09
573 Ishares Core S&P 500 ETF P 2020-01-14 2020-08-14
348 Ishares Core S&P 500 ETF P 2020-01-14 2020-10-08
7 Ishares Core S&P Small P 2020-01-14 2020-06-18
99 Ishares Core S&P Small P 2020-01-14 2020-07-09
23 Ishares Core S&P Small P 2020-01-14 2020-08-14
27 Ishares Core S&P Small P 2020-01-14 2020-10-08
1 Ishares Core US Aggregate Bd ETF P 2020-06-03 2020-07-09
3513 Ishares Edge MSCI Min Vol EAFE ETF P 2020-01-14 2020-04-30
46 Ishares Edge MSCI USA Momentum Factor ETF P 2020-01-14 2020-06-03
2 Ishares Edge MSCI USA Momentum Factor ETF P 2020-01-14 2020-06-18
39 Ishares Edge MSCI USA Momentum Factor ETF P 2020-01-14 2020-07-09
9 Ishares Edge MSCI USA Momentum Factor ETF P 2020-01-14 2020-08-14
6 Ishares Edge MSCI USA Momentum Factor ETF P 2020-01-14 2020-10-08
62.339 Janus Henderson Flexible Bond Fd I P 2020-01-13 2020-06-17
321.757 Janus Henderson Flexible Bond Fd I P 2020-01-13 2020-07-08
114.215 Janus Henderson Flexible Bond Fd I P 2020-01-13 2020-08-13
89.251 Janus Henderson Flexible Bond Fd I P 2020-01-13 2020-10-07
7.793 Janus Henderson Forty Fund I P 2020-03-26 2020-06-17
80.129 Janus Henderson Forty Fund I P 2020-03-26 2020-07-08
21.409 Janus Henderson Forty Fund I P 2020-03-26 2020-08-13
5.934 Janus Henderson Forty Fund I P 2020-03-26 2020-10-07
4.328 JOHCM International Select Fd Cl I P 2020-04-29 2020-06-17
187.378 JOHCM International Select Fd Cl I P 2020-04-29 2020-07-08
50.085 JOHCM International Select Fd Cl I P 2020-04-29 2020-08-13
13.882 JOHCM International Select Fd Cl I P 2020-04-29 2020-10-07
1900 JPMorgan Chase & Co D 2014-10-28 2020-01-14
2575 JPMorgan Chase & Co D 2015-02-11 2020-01-14
525 JPMorgan Chase & Co D 2017-05-15 2020-01-14
2600 JPMorgan Chase & Co D 2013-04-16 2020-01-14
1300 JPMorgan Chase & Co D 2014-01-07 2020-01-14
800 JPMorgan Chase & Co D 2015-03-12 2020-01-14
102 JPMorgan Chase & Co D 2013-04-22 2020-01-14
159 JPMorgan Chase & Co D 2013-11-04 2020-01-14
415 JPMorgan Chase & Co D 2014-09-11 2020-01-14
160 JPMorgan Chase & Co D 2016-03-29 2020-01-14
309 JPMorgan Chase & Co D 2017-01-05 2020-01-14
265 JPMorgan Chase & Co D 2019-06-21 2020-01-14
11113.074 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-01-13 2020-03-10
33016.773 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-01-13 2020-03-25
130.895 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-02-03 2020-03-25
191.557 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-03-02 2020-03-25
162.787 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-04-01 2020-06-02
0.717 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-05-01 2020-06-02
0.727 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-06-01 2020-06-17
0.025 Loomis Sayles Sr Float Rte&Fixd Inc Fd Cl Y P 2020-07-01 2020-07-08
106 Microsoft Corp D 2017-01-05 2020-01-14
1222 Microsoft Corp D 2017-02-15 2020-01-14
10 Microsoft Corp D 2017-08-17 2020-01-14
40 Microsoft Corp D 2018-01-04 2020-01-14
184 Microsoft Corp D 2018-04-03 2020-01-14
114 Microsoft Corp D 2018-07-26 2020-01-14
69 Microsoft Corp D 2019-01-29 2020-01-14
63 Microsoft Corp D 2019-01-29 2020-01-14
3 Microsoft Corp D 2019-03-05 2020-01-14
331 Microsoft Corp D 2019-06-21 2020-01-14
1489.864 Oakmark Intl Fd Cl Adv P 2020-01-13 2020-06-02
19.789 Oakmark Intl Fd Cl Adv P 2020-01-13 2020-06-17
199.158 Oakmark Intl Fd Cl Adv P 2020-01-13 2020-07-08
53.286 Oakmark Intl Fd Cl Adv P 2020-01-13 2020-08-13
14.768 Oakmark Intl Fd Cl Adv P 2020-01-13 2020-10-07
600 TE Connectivity Ltd D 2013-03-26 2020-01-14
2100 TE Connectivity Ltd D 2013-04-16 2020-01-14
Capital Gain Dividends      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,151   3,575 576
b 99,711   49,689 50,022
c 157,024   78,965 78,059
d 237,891   185,393 52,498
e 78,512   62,297 16,215
285,919   111,228 174,691
400,285   150,422 249,863
85,775   47,395 38,380
85,775   57,610 28,165
228,734   117,896 110,838
623,440   250,144 373,296
307,068   106,332 200,736
305,462   156,639 148,823
106,162   54,440 51,722
20,633   10,579 10,054
499   482 17
10,621   10,245 376
2,613   2,487 126
724   689 35
37,258   50,387 -13,129
69,747   91,121 -21,374
75,559   87,219 -11,660
360,360   289,428 70,932
40,686   27,995 12,691
40,686   27,788 12,898
11,625   11,021 604
19,075   22,126 -3,051
398   441 -43
4,322   4,433 -111
1,243   1,186 57
345   329 16
56,413   50,688 5,725
701   625 76
7,351   6,291 1,060
1,870   1,683 187
544   467 77
2,932   1,108 1,824
293,194   200,394 92,800
2,416   2,265 151
12,582   11,665 917
4,577   4,179 398
3,776   3,454 322
48,395   44,014 4,381
48,982   40,830 8,152
658   554 104
498   415 83
159   138 21
157,467   155,216 2,251
1,339   1,312 27
4,835   4,745 90
2,372   2,322 50
875   858 17
46,060   60,564 -14,504
69,358   73,987 -4,629
2,189   2,292 -103
28,798   29,791 -993
193,733   187,586 6,147
119,145   113,927 5,218
490   581 -91
6,671   8,220 -1,549
1,738   1,910 -172
2,033   2,242 -209
118   117 1
228,200   261,993 -33,793
5,830   5,872 -42
256   255 1
5,338   4,978 360
1,274   1,149 125
894   766 128
694   662 32
3,610   3,417 193
1,294   1,213 81
1,003   948 55
333   257 76
3,567   2,645 922
1,019   707 312
289   196 93
106   96 10
4,851   4,169 682
1,365   1,114 251
384   309 75
258,573   112,594 145,979
350,434   149,752 200,682
71,448   45,777 25,671
353,837   128,715 225,122
176,918   75,590 101,328
108,873   49,056 59,817
13,881   4,875 9,006
21,638   8,407 13,231
56,478   24,867 31,611
21,775   9,647 12,128
42,052   26,610 15,442
36,064   29,452 6,612
97,462   103,240 -5,778
242,013   306,726 -64,713
959   1,215 -256
1,404   1,741 -337
1,341   1,244 97
6   6  
6   6  
       
17,146   6,591 10,555
197,668   78,351 119,317
1,618   734 884
6,470   3,439 3,031
29,763   16,719 13,044
18,440   12,366 6,074
11,161   7,374 3,787
10,191   6,776 3,415
485   338 147
53,542   44,495 9,047
27,622   37,083 -9,461
387   493 -106
3,892   4,957 -1,065
1,125   1,326 -201
302   368 -66
58,759   24,926 33,833
205,658   88,217 117,441
      47,456
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       576
b       50,022
c       78,059
d       52,498
e       16,215
      174,691
      249,863
      38,380
      28,165
      110,838
      373,296
      200,736
      148,823
      51,722
      10,054
      17
      376
      126
      35
      -13,129
      -21,374
      -11,660
      70,932
      12,691
      12,898
      604
      -3,051
      -43
      -111
      57
      16
      5,725
      76
      1,060
      187
      77
      1,824
      92,800
      151
      917
      398
      322
      4,381
      8,152
      104
      83
      21
      2,251
      27
      90
      50
      17
      -14,504
      -4,629
      -103
      -993
      6,147
      5,218
      -91
      -1,549
      -172
      -209
      1
      -33,793
      -42
      1
      360
      125
      128
      32
      193
      81
      55
      76
      922
      312
      93
      10
      682
      251
      75
      145,979
      200,682
      25,671
      225,122
      101,328
      59,817
      9,006
      13,231
      31,611
      12,128
      15,442
      6,612
      -5,778
      -64,713
      -256
      -337
      97
       
       
       
      10,555
      119,317
      884
      3,031
      13,044
      6,074
      3,787
      3,415
      147
      9,047
      -9,461
      -106
      -1,065
      -201
      -66
      33,833
      117,441
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,842,486
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -77,510
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 40,717
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 40,717
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 40,717
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 26,500
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 345
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,438
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,438 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNIBEI.TERASAKI.ORG
    14
    The books are in care ofbulletSTEWART HAN Telephone no.bullet (310) 479-6101

    Located atbullet1018 WESTWOOD BLVDLOS ANGELESCA ZIP+4bullet90024
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HISAKO TERASAKI Director
    0.00     		0    
    225 NORTH CANON DR 8E
    BEVERLY HILLS,CA90210
    STEWART HAN CFO
    2.00     		0    
    20287 VIA MEDICI
    PORTER RANCH,CA91326
    TAIJI TERASAKI Treasurer
    0.00     		0    
    918 WAILUPE PLACE
    HONOLULU,HI96821
    KEITH K TERASAKI President
    1.00     		0    
    11829 NORFIELD COURT
    LOS ANGELES,CA90077
    PAUL K TERASAKI Secretary
    1.00     		0    
    11829 NORFIELD COURT
    LOS ANGELES,CA90077
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NAOKO OKADAClick to see attachment MANAGEMENT SERVICES 48,043
    5221 SHENANDOAH AVE
    LOS ANGELES,CA90056
    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 MEETINGS WERE HELD TO PROMOTE SOCIAL INTERCOURSE AND FELLOWSHIP AMONG JAPANESE AND JAPANESE AMERICAN DOCTORS AND PROFESSORS. SOME OF THE JAPANESE DOCTORS ARE IN AMERICA TEMPORARILY TO CONTINUE THEIR POST-DOCTORAL TRAINING. LECTURES ON VARIOUS GENERAL TOPICS OF INTEREST WERE GIVEN, STUDY GROUP OF DIFFERENT TOPICS OF RESEARCH, AND TOURS OF HOSPITALS IN THE LOS ANGELES AREA. SOCIALIZATION PROGRAMS WERE CONDUCTED FOR RECENTLY ARRIVED DOCTORS AND THEIR FAMILIES FROM JAPAN TO HELP THEM ADJUST TO LIFE IN THE UNITED STATES. EDUCATION ABOUT AMERICAN LIFE AND CULTURE WAS PROVIDED THROUGH ACTIVITIES. DUE TO THE PANDEMIC FEWER MEETINGS WERE HELD. THERE WERE A FEW VIRTUAL EVENTS. FOR THE YEAR, THERE WERE 280 PARTICIPANTS AND ON AVERAGE 50 PEOPLE ATTENDED THE MONTHLY MEETINGS AND EVENTS.THE FOLLOWING EVENTS WERE HELD DURING 2020:Date Event Speaker01/26/2020 MONTHLY MEETING JABA/USJSF02/15/2020 MONTHLY MEETING DR NOSAKA & DR NARIAI03/14/2020 MONTHLY MEETING DR NOSAKA04/25/2020 VIRTUAL MEETING FROM LA 33,998
    2 VARIOUS CLASSES AND PROGRAMS CONDUCTED TO FURTHER THE ADVANCEMENT OF JAPANESE-AMERICAN CULTURAL RELATIONS. STARTING IN 2013, THE FOUNDATION ESTABLISHED A LECTURE EVENT SERIES, "NIBEI POWERFUL NETWORKING MEETING LECTURE SERIES". THESE EVENTS PROMOTE NETWORKING WITHIN THE JAPANESE-AMERICAN COMMUNITY BY OFFERING VARIOUS LECTURES AND MEETINGS RELATED TO JAPANESE AMERICAN CULTURE. THIS YEAR DUE TO THE PANDEMIC SHUTDOWN THE JAPAN STUDY CLUB HOSTED ONLY 6 LECTURES/PRESENTATIONS WITH AN ATTENDANCE TOTALING 174 PEOPLE. THE MONTHLY FLOWER ARRANGEMENT AND YOGA CLASSES WERE HELD DURING JANUARY AND FEBRUARY, 2020 WITH AN ATTENDANCE OF 25 PEOPLE. ALSO PUBLISHED A WEEKLY NEWSLETTER MARCH THROUGH DECEMBER, 2020.THE FOLLOWING EVENTS WERE HELD DURING 2020:DATE EVENT01/21/20 AROMATHERAPY01/27/20 FIBER AND DYE02/04/20 JAPANESE POP SONGS 80'S & 90'S02/10/20 FILM SCREENING "GOLDEN TOAD" & "CHIYO" BY MASANORI BABA02/18/20 FILM SCREENING "NEVER GIVE UP" BY MIN YASUI02/22/20 FILM SCREENING "LIFE ON FOREIGN LAN 18,472
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,421,543
    b
    Average of monthly cash balances.......................
    1b
    537,844
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,959,387
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,959,387
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    89,391
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,869,996
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    293,500
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    364,827
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    364,827
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    364,827
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    1999-02-17
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    86,821 17 36 25 86,899
    b 85% of line 2a ......... 73,798 14 31 21 73,864
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		364,827 80,841 203,856 182,226 831,750
    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 ....     		364,827 80,841 203,856 182,226 831,750
    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...     		195,667 17,058 821 1,101 214,647
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    US JAPAN COUNCIL
    1919 L STREET NW STE 200
    WASHINGTON,DC20036     		NONE EOF GENERAL SUPPORT 50,000
    UCLA FOUNDATION
    10920 WILSHIRE BLVD STE 1400
    LOS ANGELES,CA90024     		NONE EOF SPONSORSHIP OF UCLA JAPAN TOURSUPPORT IRENE HIRANO INOUYE AWARD FUND 31,462
    JAPANESE AMERICAN CULTURAL COMMUNIT
    244 SOUTH SAN PEDRO ST
    LOS ANGELES,CA90012     		NONE EOF SPONSORSHIP OF ANNUAL GALA DINNER 50,000
    JAPANESE AMERICAN NATIONAL MUSEUM
    100 NORTH CENTRAL AVENUE
    LOS ANGELES,CA90012     		NONE EOF SPONSORSHIP OF ANNUAL GALA 50,000
    GO FOR BROKE NATIONAL EDUCATION CTR
    355 E FIRST ST STE 200
    LOS ANGELES,CA90012     		NONE EOF ANNUAL GALA SPONSORSHIP 5,000
    DENSHO
    1416 SOUTH JACKSON ST
    SEATTLE,WA98144     		NONE EOF GENERAL SUPPORT 100,000
    Total .................................bullet 3a 286,462
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aCLASS FEES         430
    bMEETING FEES          
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		        245
    4 Dividends and interest from securities....         132,299
    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 ............     		        2,842,486
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aTAX REFUND     		         
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     2,975,460
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,975,460
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A CLASS FEES REVENUE ARE FEES COLLECTED FROM STUDENTS ATTENDING THE LECTURE SERIES EVENTS AT THE CULTURAL CENTER.
    1B MEETINGS FEES REVENUE ARE FEES COLLECTED FROM MEMBERS OF THE NICHIBEI DOCTORS CLUB FOR ATTENDING MONTHLY MEETINGS.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    TERASAKI NIBEI FOUNDATION
    FKA NIBEI FOUNDATION
    Employer identification number

    95-4692410
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    TERASAKI NIBEI FOUNDATION
    FKA NIBEI FOUNDATION         		Employer identification number
    95-4692410
    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
    TERASAKI INST FOR BIOMEDICAL INNOVA
    1018 WESTWOOD BLVD
     
    LOS ANGELES, CA90024

    		$ 16,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    TERASAKI NIBEI FOUNDATION
    FKA NIBEI FOUNDATION         		Employer identification number

    95-4692410
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    TERASAKI NIBEI FOUNDATION
    FKA NIBEI FOUNDATION         		Employer identification number

    95-4692410
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0

    TY 2020 AccountingFeesSchedule
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HORIE & COMPANY 18,495 0 0 18,495
    WINDES 7,250 0 0 7,250

    TY 2020 ContractorCompensationExpln
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Contractor Explanation
    NAOKO OKADA PLAN AND COORIDINATE ACTIVITIES AND PROGRAM FOR THE NICHIBEI DOCTORS CLUB AND THE JAPAN STUDIES CLUB.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED EQUITIES 5,373,345 6,151,668

    TY 2020 LandEtcSchedule2
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Auto./Transportation Equip. 38,505   38,505  
    Miscellaneous 7,192 45,697 38,505  


    TY 2020 LegalFeesSchedule
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KOPPLE, KLINGER & ELBAZ 470 0 0 0


    TY 2020 OtherExpensesSchedule
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 395      
    DUES & SUBSCRIPTIONS 48     48
    INSURANCE 2,770     1,948
    INVESTMENT FEES 22,182 22,182 22,182  
    MEALS & ENTERTAINMENT 544     544
    OUTSIDE SERVICES 48,043     48,043
    PAYROLL PROCESSING FEES 451     181
    POSTAGE 9      
    SUPPLIES 342     77


    TY 2020 OtherIncomeSchedule2
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLASS FEES 430    


    TY 2020 TaxesSchedule
    Name:
    TERASAKI NIBEI FOUNDATION
     
    FKA NIBEI FOUNDATION
    EIN:
    95-4692410
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 22,500 22,500 22,500  
    FOREIGN TAX 1,041 1,041 1,041  
    PAYROLL TAX 44     44
    STATE TAX 150     150