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
WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

Number and street (or P.O. box number if mail is not delivered to street address)200 BELLEVUE PARKWAY SUITE 250
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198093747

A Employer identification number

77-0469217

B Telephone number (see instructions)

(805) 965-8080

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

$38,173,533J 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	(c) Adjusted net 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
4	Dividends and interest from securities...	725,900		725,900
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,126,619
b	Gross sales price for all assets on line 6a 6,615,841
7	Capital gain net income (from Part IV, line 2)...			1,126,619
8	Net short-term capital gain.........				0
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).......		944	315
12	Total. Add lines 1 through 11........	1,853,463		1,852,834
13	Compensation of officers, directors, trustees, etc.	0		0	0	0
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		299,785	199,167		100,618
17	Interest...............	101		101		0
18	Taxes (attach schedule) (see instructions)...		16,190	190		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		2,111			2,111
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	318,187		199,458	0	102,729
25	Contributions, gifts, grants paid.......	525,000				525,000
26	Total expenses and disbursements. Add lines 24 and 25	843,187		199,458	0	627,729
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,010,276
b	Net investment income (if negative, enter -0-)			1,653,376
c	Adjusted net income (if negative, enter -0-)...				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.............	190,704	333,620	333,620
	2	Savings and temporary cash investments.........	1,369,436	1,377,920	1,377,920
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	28,704,942	13,020,365	18,923,636
	c	Investments—corporate bonds (attach schedule).......		16,278,129	17,538,357
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	30,265,082	31,010,034	38,173,533
	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 )	785,000	525,000
	23	Total liabilities (add lines 17 through 22).........	785,000	525,000
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	29,480,082	30,485,034
	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	29,480,082	30,485,034
	30	Total liabilities and net assets/fund balances (see instructions).	30,265,082	31,010,034

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

29,480,082

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

1,010,276

Other increases not included in line 2 (itemize) bullet

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

30,490,358

Decreases not included in line 2 (itemize) bullet

5,324

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

30,485,034

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	1. GOLDMAN SACHS & CO		2019-01-01	2020-12-31
b	1. GOLDMAN SACHS & CO		2020-01-01	2020-12-31
c	CAPITAL GAIN DIVIDENDS	P
d	CAPITAL GAIN DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,488,969	3,599,021	889,948
b	2,087,287	1,890,201	197,086
c			39,585
d			39,585
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			889,948
b			197,086
c
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	1,126,619
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	22,982
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	22,982
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	22,982
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	25,491
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	54,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	79,491
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	56,509
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax25,000	Refunded	11	31,509

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

The books are in care of bullet

WENDY MCCAW Telephone no. bullet

(805) 965-8080

Located at bullet

PO BOX 22458SANTA BARBARACA ZIP+4 bullet

93102

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
WENDY MCCAW	PRESIDENT 6	0
PO BOX 22458 SANTA BARBARA,CA93102	PRESIDENT 6	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...................

33,868,807

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

705,710

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

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

34,574,517

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

34,574,517

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

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

518,618

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

34,055,899

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

1,702,795

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

1,702,795

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

22,982

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

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

22,982

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

1,679,813

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

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

1,679,813

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

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

1,679,813

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 ..........

627,729

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

627,729

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

627,729

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					1,679,813
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				320,882
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 627,729
a Applied to 2019, but not more than line 2a				320,882
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.....					306,847
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 ..........					1,372,966
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....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	0
e Excess from 2020....	0

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).)

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 e-mail address of the person to whom applications should be addressed:

WENDY P MCCAW
PO BOX 22458
SANTA BARBARA,CA93102
(805) 965-8080

bThe form in which applications should be submitted and information and materials they should include:

GRANT APPLICATIONS SHOULD INCLUDE THE ORGANIZATION'S MISSION STATEMENT, A COPY OF THE LETTER GRANTING 501(C)(3) STATUS, BASIC FINANCIAL STATEMENTS AND A COPY OF THE LAST FILED FEDERAL TAX RETURN.

cAny submission deadlines:

REQUESTS ARE GENERALLY REQUIRED BY OCTOBER 31.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

AWARDS ARE RESTRICTED TO THE USE SET FORTH IN THE GRANT REQUEST. IN THE EVENT THAT THE GRANT CANNOT BE USED FOR THE EXPECTED PURPOSE, THE GRANT MUST BE RETURNED.

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
WILDCARE EASTERN SIERRA PO BOX 368 BISHOP,CA95515	NONE	PC	PROGRAM SUPPORT	10,000
RESQCATS INC PO BOX 3852 SANTA BARBARA,CA93130	NONE	PC	PROGRAM SUPPORT	20,000
WILDLIFE CARE OF SOCAL PO BOX 941476 SIMI VALLEY,CA93065	NONE	PC	PROGRAM SUPPORT	25,000
ED SNIDER YOUTH HOCKEY FOUDNATION 3601 S BROAD ST Philadelphia,PA19148	NONE	PC	PROGRAM SUPPORT	25,000
CATALINA ISLAND CONSERVANCY 320 GOLDEN SHORE SUITE 220 Long Beach,CA90802	NONE	PC	PROGRAM SUPPORT	20,000
CAT TOWN PO BOX 18675 Oakland,CA94619	NONE	PC	PROGRAM SUPPORT	10,000
TOUCHED BY AN ANIMAL PO BOX 59067 Chicago,IL60659	NONE	PC	PROGRAM SUPPORT	10,000
LEAVE NO PAWS BEHIND 8661 VINE VALLEY DRIVE SUN VALLEY,CA91352	NONE	PC	PROGRAM SUPPORT	10,000
ANIMAL SHELTER ASSISTANCE PROGRAM PO BOX 357 SANTA BARBARA,CA93116	NONE	PC	PROGRAM SUPPORT	25,000
BEAR LEAGUE PO BOX 393 HOMEWOOD,CA96141	NONE	PC	PROGRAM SUPPORT	25,000
PHYSICIANS COMMITTEE FOR RESPONSIBLE MED 5100 WISCONSIN AVE NW STE 400 Washington,DC20016	NONE	PC	PROGRAM SUPPORT	25,000
BEST FRIENDS ANIMAL SOCIETY 5001 ANGEL CANYON ROAD KANAB,UT84741	NONE	PC	PROGRAM SUPPORT	25,000
CARE 4 PAWS PO BOX 60524 SANTA BARBARA,CA93160	NONE	PC	PROGRAM SUPPORT	25,000
VENTANA WILDLIFE SOCIETY 9699 BLUE LARKSPUR LN STE 105 Monterey,CA93940	NONE	PC	PROGRAM SUPPORT	25,000
WILDMIND (WILDLIFE ASSOCIATES) 1232 ZENA LONA ST NE Albuquerque,NM87112	NONE	PC	PROGRAM SUPPORT	10,000
TVSB (ANIMALZONE) 329 S SALINAS STREET SANTA BARBARA,CA93013	NONE	PC	PROGRAM SUPPORT	90,000
DONKEYLAND RESCUE 5225 CANYON CREST DRIVE SUITE 71 Riverside,CA92507	NONE	PC	PROGRAM SUPPORT	100,000
CALIFORNIA WILDLIFE CENTER (MALIBU) 26026 PIUMA RD Calabasas,CA91302	NONE	PC	PROGRAM SUPPORT	10,000
LIONS TIGERS AND BEARS 24402 MARTIN WAY ALPINE,CA91901	NONE	PC	PROGRAM SUPPORT	25,000
ANIMAL RESCUE AID 8343 ROSWELL ROAD ATLANTA,GA30350	NONE	PC	PROGRAM SUPPORT	10,000
Total ................................. 3a				525,000

bApproved for future payment

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

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 ...........
4 Dividends and interest from securities....			14	725,900
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,126,619
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			14	315
bDEFERRED INCOME			14	629
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,853,463

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

1,853,463

(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 InvestmentsCorpBondsSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Name of Bond	End of Year Book Value	End of Year Fair Market Value
91282CAP6 U.S. TREASURY NOTE 0	219,570	219,904
912828WJ5 U.S. TREASURY NOTE 2	594,305	617,975
912828YB0 U.S. TREASURY NOTE 1	300,430	322,774
912828YG9 U.S. TREASURY NOTE 1	544,801	588,602
037833AK6 APPLE INC. 2.4% 05/0	123,413	131,603
045167DX8 ASIA MTN 2.0% 02/16/	99,434	102,767
045167EJ8 ASIAN DEVELOPMENT BA	272,201	324,241
053015AF0 AUTOMATIC DATA PROCE	134,657	135,400
05348EAV1 AVALONBAY COMMUNITIE	149,156	167,401
05348EAW9 AVALONBAY COMMUNITIE	272,907	310,495
06051GHG7 BANK OF AMERICA CORP	500,000	590,191
06051GGA1 BANK OF AMERICA CORP	50,000	56,270
22160KAQ8 COSTCO WHOLESALE COR	144,703	151,203
126650CL2 CVS HEALTH CORPORATI	179,513	201,222
25466AAQ4 DISCOVER BANK 2.45%	399,708	426,003
26444HAC5 DUKE ENERGY FLORIDA,	149,910	169,658
29736RAH3 ESTEE LAUDER CO INC	124,705	125,770
3133EJCE7 FEDERAL FARM CREDIT	597,768	606,884
3130AEB25 FEDERAL HOME LOAN BA	358,428	414,794
3130A2VE3 FEDERAL HOME LOAN BA	563,586	632,245
369550AW8 GENERAL DYNAMICS COR	173,803	182,725
4581X0CN6 IADB MTN 1.75% 04/14	200,439	204,779
45866FAD6 INTERCONTINENTAL EXC	99,983	113,895
45950VLH7 INTL FINANCE CORP MT	273,908	284,835
46647PBE5 JPMORGAN CHASE & CO.	20,368	21,862
49326EEG4 KEYCORP MTN 4.1% 04/	324,444	387,817
500769FH2 KFW NEW ISSUE SR LIE	297,542	310,957
539830BH1 LOCKHEED MARTIN CORP	124,035	144,034
548661DM6 LOWE'S COMPANIES, IN	332,047	381,394
594918BY9 MICROSOFT CORPORATIO	149,468	173,153
61746BDZ6 MORGAN STANLEY MTN 3	152,699	174,547
655844CE6 NORFOLK SOUTHERN COR	124,551	135,949
666807BN1 NORTHROP GRUMMAN COR	149,921	171,869
68217FAA0 OMNICOM GROUP INC. 3	174,837	201,023
740189AG0 PRECISION CASTPARTS	150,188	157,563
74432QCG8 PRUDENTIAL FINANCIAL	159,598	169,135
760759AU4 REPUBLIC SERVICES IN	403,365	430,930
84756NAF6 SPECTRA ENERGY PARTN	294,838	333,896
855244AK5 STARBUCKS CORP 2.45%	251,270	270,207
87165BAD5 SYNCHRONY FINANCIAL	74,855	84,073
87236YAD0 TD AMERITRADE HOLDIN	99,950	112,130
808513AL9 THE CHARLES SCHWAB C	224,227	248,067
912828J27 U.S. TREASURY NOTE 2	1,267,286	1,380,169
9128287A2 U.S. TREASURY NOTE 1	449,965	453,339
9128283F5 U.S. TREASURY NOTE 2	473,650	521,212
9128282N9 U.S. TREASURY NOTE 2	708,168	780,990
904764BK2 UNILEVER CAPITAL COR	194,873	196,665
92343VBJ2 VERIZON COMMUNICATIO	222,363	233,443
931142DV2 WAL-MART STORES INC	224,935	244,269
983919AH4 XILINX, INC. 3.0% 03	200,051	202,773
31420B300 FEDERATED HERMES INS	2,501,307	2,535,255

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Name of Stock	End of Year Book Value	End of Year Fair Market Value
256206103 DODGE & COX INTERNAT	1,290,369	1,251,254
00770G847 JOHCM INTERNATIONAL	1,057,914	1,548,931
857492417 STATE STREET HEDGED	2,344,050	2,430,318
74144Q203 T. ROWE PRICE FUNDS	951,788	1,239,559
005098108 ACUSHNET HOLDINGS CO	15,114	27,932
00724F101 ADOBE INC CMN	35,065	217,552
02079K305 ALPHABET INC. CMN C	200,958	524,039
025816109 AMERICAN EXPRESS CO.	230,549	253,306
03027X100 AMERICAN TOWER CORPO	125,794	125,021
030420103 AMERICAN WATER WORKS	102,449	194,293
037833100 APPLE INC. CMN	254,510	859,964
G6095L109 APTIV PLC CMN	146,529	297,061
046353108 ASTRAZENECA PLC SPON	179,972	191,812
05478C105 AZEK COMPANY INC. (T	66,623	71,286
058498106 BALL CORPORATION CMN	145,524	211,519
073685109 BEACON ROOFING SUPPL	19,218	25,038
09247X101 BLACKROCK, INC. CMN	180,334	234,501
09739C102 BOINGO WIRELESS, INC	35,484	29,167
114340102 BROOKS AUTOMATION, I	9,840	24,969
130788102 CALIFORNIA WATER SER	21,866	24,854
G1890L107 CAPRI HOLDINGS LIMIT	17,619	43,596
124805102 CBIZ, INC. CMN	16,477	31,134
15118V207 CELSIUS HOLDINGS, IN	17,882	44,474
154760409 CENTRAL PACIFIC FINA	20,769	17,071
156727109 CERENCE, INC. CMN	29,333	63,001
163072101 CHEESECAKE FACTORY I	28,390	40,692
12545M207 CHR. HANSEN HOLDING	114,614	143,341
17275R102 CISCO SYSTEMS, INC.	222,117	275,257
12572Q105 CME GROUP INC. CMN C	175,422	153,546
197236102 COLUMBIA BANKING SYS	24,648	24,771
20030N101 COMCAST CORPORATION	172,185	243,974
225447101 CREE, INC. CMN	168,408	201,316
126650100 CVS HEALTH CORP CMN	196,218	206,744
235851102 DANAHER CORPORATION	112,696	252,574
244199105 DEERE & COMPANY CMN	135,250	230,418
249906108 DESCARTES SYSTEMS GR	8,804	34,737
23291C103 DMC GLOBAL INC. CMN	15,953	21,279
G29183103 EATON CORP PLC CMN	184,619	233,072
278865100 ECOLAB INC. CMN	173,868	243,549
292562105 ENCORE WIRE CORP CMN	16,351	24,600
29444U700 EQUINIX, INC. REIT	63,333	129,267
29977A105 EVERCORE INC CMN CLA	19,584	38,045
33616C100 FIRST REPUBLIC BANK	67,277	111,079
369604103 GENERAL ELECTRIC CO	169,138	209,087
38267D109 GOOSEHEAD INSURANCE,	13,916	35,806
404030108 H&E EQUIPMENT SERVIC	30,763	39,170
427096508 HERCULES CAPITAL INC	23,999	27,802
43283X105 HILTON GRAND VACATIO	22,940	35,206
443320106 HUB GROUP, INC. CMN	19,202	27,759
444859102 HUMANA INC. CMN	168,805	199,284
458334109 INTER PARFUMS, INC.	20,916	34,419
46625H100 JPMORGAN CHASE & CO	204,285	361,895
497266106 KIRBY CORPORATION CM	23,855	25,708
49926D109 KNOWLES CORPORATION	20,915	24,512
50077B207 KRATOS DEFENSE & SEC	17,910	46,768
535919401 LIONS GATE ENTERTAIN	23,257	27,220
53814L108 LIVENT CORPORATION C	18,476	39,734
538146101 LIVEPERSON, INC. CMN	29,701	69,635
548661107 LOWES COMPANIES INC	174,765	208,021
566324109 MARCUS & MILLICHAP,	16,011	20,812
573075108 MARTEN TRANSPORT LTD	14,428	26,276
G5876H105 MARVELL TECHNOLOGY G	79,287	198,564
576690101 MATERION CORPORATION	26,613	30,203
580135101 MC DONALDS CORP CMN	189,869	234,107
584021109 MEDALLIA, INC. CMN	23,327	30,330
59151K108 METHANEX CORPORATION	20,164	44,605
594918104 MICROSOFT CORPORATIO	155,405	685,943
609720107 MONMOUTH REAL ESTATE	20,746	23,936
633707104 NATIONAL BANK HOLDIN	24,127	21,982
65339F101 NEXTERA ENERGY, INC.	99,213	280,980
654106103 NIKE CLASS-B CMN CLA	100,021	265,822
67066G104 NVIDIA CORPORATION C	107,098	214,624
680665205 OLIN CORPORATION CMN	18,309	30,946
698813102 PAPA JOHN'S INTERNAT	17,529	25,031
742718109 PROCTER & GAMBLE COM	194,760	302,073
76131N101 RETAIL OPPORTUNITY I	21,113	23,406
773903109 ROCKWELL AUTOMATION	122,702	199,394
778296103 ROSS STORES,INC CMN	141,698	217,005
78709Y105 SAIA INC CMN CLASS	15,496	34,714
G81276100 SIGNET JEWELERS LIMI	19,716	21,434
82982L103 SITEONE LANDSCAPE SU	23,639	67,418
830879102 SKYWEST, INC. CMN	11,112	10,481
85209W109 SPROUT SOCIAL, INC.	14,394	15,803
88146M101 TERRENO REALTY CORPO	17,647	29,694
88160R101 TESLA, INC. CMN	9,049	63,510
882508104 TEXAS INSTRUMENTS IN	140,031	228,797
89055F103 TOPBUILD CORP. CMN	18,307	36,264
89854H102 TTEC HOLDINGS, INC.	20,335	34,715
90337L108 U.S. PHYSICAL THERAP	23,747	37,999
907818108 UNION PACIFIC CORP.	176,349	273,601
92343V104 VERIZON COMMUNICATIO	177,841	209,444
925815102 VICOR CORPORATION CM	21,063	38,548
92826C839 VISA INC. CMN CLASS	162,029	384,746
92839U206 VISTEON CORPORATION	19,518	39,539
254687106 WALT DISNEY COMPANY	225,902	352,757
98262P101 WEIGHT WATCHERS INTE	20,179	20,032
98138H101 WORKDAY, INC. CMN CL	112,981	146,162

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Amount
UNREALIZED G/L ADJUSTMENT	5,324

- TIN:

TY 2020 OtherExpensesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
CALIFORNIA FILING FEES	180	180
MISC. CHARITABLE EXPENSES	1,342	1,342
OFFICE SUPPLIES	179	179
DUES & SUBSCRIPTIONS	410	410

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	315	315
DEFERRED INCOME	629	0

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Beginning of Year - Book Value	End of Year - Book Value
ACCRUED CONTRIBUTIONS	785,000	525,000

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	299,785	199,167		100,618

- TIN:

TY 2020 TaxesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Category	Amount	Net Investment Income
FOREIGN TAXES ON QUALIFIED FOR	190	190
FEDERAL ESTIMATES - PRINCIPAL	7,000	0
FEDERAL TAX PAYMENT - PRIOR YE	9,000	0