Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Westly Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

94-3368338
B Telephone number (see instructions)

(800) 839-1754
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$9,208,011J 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) 422,275
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,377 1,377  
4 Dividends and interest from securities... 79,798 78,158  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 46,794
b Gross sales price for all assets on line 6a 1,755,728
7 Capital gain net income (from Part IV, line 2)... 323,648
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 73,788 72,941  
12 Total. Add lines 1 through 11........ 624,032 476,124  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 108,223     108,223
15 Pension plans, employee benefits....... 8,368     8,368
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 41,852 26,446   15,406
17 Interest............... 468 468    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,160 230    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 99     99
21 Travel, conferences, and meetings....... 402     402
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 87,199 42,233   43,529
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 263,771 69,377   176,027
25 Contributions, gifts, grants paid....... 1,047,712 1,047,712
26 Total expenses and disbursements. Add lines 24 and 25 1,311,483 69,377   1,223,739
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -687,451
b Net investment income (if negative, enter -0-) 406,747
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,039,142 1,146,636 1,146,636
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   14,089    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 787,966 Click to see attachment675,486 710,308
b Investments—corporate stock (attach schedule)....... 3,134,938 Click to see attachment2,299,684 3,499,823
c Investments—corporate bonds (attach schedule)....... 251,283 Click to see attachment396,129 402,620
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,081,116 Click to see attachment3,103,148 3,448,624
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,308,534 7,621,083 9,208,011
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 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 8,308,534 7,621,083
29 Total net assets or fund balances (see instructions)..... 8,308,534 7,621,083
30 Total liabilities and net assets/fund balances (see instructions). 8,308,534 7,621,083
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
8,308,534
2
Enter amount from Part I, line 27a .....................
2
-687,451
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,621,083
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
7,621,083
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c EPICOM P 2010-12-31 2020-09-30
d DISTRIBUTIONS IN EXCESS OF BASIS      
e
(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 1,755,728   1,555,503 200,225
b       124,043
c     3,254 -3,254
d       2,634
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       200,225
b        
c       -3,254
d        
e
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 2 323,648
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 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
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 5,654
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 5,654
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 5,654
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 9,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 3,546
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,546 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
     
    ........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
    Steven P Westly Chairman, Dir, Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Anita W Yu Sec, Dir, Treas
    20.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    JESSICA GARCIA-KOHL Executive Director
    30.0     		108,223    
    2700 YGNACIO VALLEY ROAD
    Walnut Creek,CA94598
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,271,534
    b
    Average of monthly cash balances.......................
    1b
    1,072,148
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,379,160
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,722,842
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,722,842
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    130,843
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,591,999
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    429,600
    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
    429,600
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,654
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,654
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    423,946
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    423,946
    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
    423,946
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,223,739
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,223,739
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,223,739
    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 7 423,946
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 404,251
    b From 2016...... 664,955
    c From 2017...... 609,169
    d From 2018...... 678,414
    e From 2019...... 604,981
    fTotal of lines 3a through e........ 2,961,770
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,223,739
    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..... 423,946
    e Remaining amount distributed out of corpus 799,793
    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 3,761,563
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		404,251
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,357,312
    10 Analysis of line 9:
    a Excess from 2016.... 664,955
    b Excess from 2017.... 609,169
    c Excess from 2018.... 678,414
    d Excess from 2019.... 604,981
    e Excess from 2020.... 799,793
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Anita W Yu
    Steven P Westly
    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 e-mail address of the person to whom applications should be addressed:
    Foundation Source
    55 walls drive
    fairfield,CT06824
    (800) 839-1754
    bThe form in which applications should be submitted and information and materials they should include:
    WESTLY.ORG
    cAny submission deadlines:
    WESTLY.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WESTLY.ORG
    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
    ADOLESCENT COUNSELING SERVICES
    643 BAIR ISLAND RD STE 402
    REDWOOD CITY,CA94063     		N/A PC Outlet Program 25,000
    BAY AREA WOMENS SPORTS INITIATIVE INC
    1922 THE ALAMEDA STE 420
    SAN JOSE,CA95126     		N/A PC General & Unrestricted 25,000
    BOYS & GIRLS CLUBS OF SILICON VALLEY
    518 VALLEY WAY
    MILPITAS,CA95035     		N/A PC General & Unrestricted 100
    BREAKTHROUGH SILICON VALLEY
    1635 PARK AVE
    SAN JOSE,CA95126     		N/A PC General & Unrestricted 25,000
    COLLEGE POSSIBLE
    755 PRIOR AVE N STE 210
    SAINT PAUL,MN55104     		N/A PC catalyzing College Success in the San Joaquin Valley 26,250
    COMMUNITY INITIATIVES
    1000 BROADWAY STE 480
    OAKLAND,CA94607     		N/A PC Immigrant Rising programming: Immigrant Education in California High Schools 25,000
    DESTINATION HOME SV
    2440 W EL CAMINO REAL STE 300
    MOUNTAIN VIEW,CA94040     		N/A SO I COVID-19 relief efforts in Santa Clara County 50,000
    EAST PALO ALTO TENNIS AND TUTORING
    PO BOX 60597
    PALO ALTO,CA94306     		N/A PC General & Unrestricted 10,000
    F O O D INC
    4010 E AMENDOLA DR
    FRESNO,CA93725     		N/A PC General & Unrestricted 25,000
    GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES
    PO BOX 1100
    SEBASTOPOL,CA95473     		N/A PC Immigrant Resilience Fund for SDIR 15,000
    GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES
    PO BOX 1100
    SEBASTOPOL,CA95473     		N/A PC Comite Civico del Valle Inc. Immigrant Resilience fund 10,000
    HIDDEN GENIUS PROJECT
    2934 TELEGRAPH AVE
    OAKLAND,CA94609     		N/A PC General & Unrestricted 25,000
    IMENTOR
    638 3RD ST
    OAKLAND,CA94607     		N/A PC College Preparation & Support of Bay Area iMentor students 25,000
    IMMIGRATION PROJECT INC
    2039 SHATTUCK AVE STE 500
    BERKELEY,CA94704     		N/A PC development of the Detained Family Locator 25,000
    KIND INC
    1201 L ST NW FL 2
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 50,000
    KQED INC
    2601 MARIPOSA ST
    SAN FRANCISCO,CA94110     		N/A PC General & Unrestricted 75,000
    LEAGUE TO SAVE LAKE TAHOE
    2608 LAKE TAHOE BLVD
    S LAKE TAHOE,CA96150     		N/A PC General & Unrestricted 261
    LUCILE PACKARD FOUNDATION FOR CHILDRENS HEALTH
    400 HAMILTON AVE SUITE 340
    PALO ALTO,CA94301     		N/A PC General & Unrestricted 100,000
    LUPUS FOUNDATION OF NORTHERN CALIFORNIA
    2635 N 1ST ST STE 211
    SAN JOSE,CA95134     		N/A PC General & Unrestricted 100
    MAVEN PROJECT
    1375 SUTTER ST STE 105
    SAN FRANCISCO,CA94109     		N/A PC Partner with School Health Clinics of Santa Clara and to provide one year of services 25,000
    MENLO ATHERTON HIGH SCHOOL FOUNDATION FOR THE FUTU
    PO BOX 1228
    MENLO PARK,CA94026     		N/A PC full-time Technology Assistant at Menlo-Atherton High School 56,000
    PENINSULA COLLEGE FUND
    526 VALLEY WAY
    MILPITAS,CA95035     		N/A PC in support of scholarships to support two Bay Area students 10,000
    PHILANTHROPIC VENTURES FOUNDATION
    1222 PRESERVATION PARK WAY
    OAKLAND,CA94612     		N/A PC Teacher Art Grants Program 25,000
    SAMARITAN HOUSE
    4031 PACIFIC BLVD
    SAN MATEO,CA94403     		N/A PC Covid-19 relief efforts in San Mateo County 50,000
    SECOND HARVEST OF SILICON VALLEY
    4001 N 1ST ST
    SAN JOSE,CA95134     		N/A PC General & Unrestricted 100,000
    SPRINGBOARD COLLABORATIVE
    TWO PENN CTR STE 1160 1500 JFK BLVD
    PHILADELPHIA,PA19102     		N/A PC Springboard 2020-2021 Central/San Joaquin Valley effort 25,000
    SWIPE OUT HUNGER
    800 WILSHIRE BLVD
    LOS ANGELES,CA90017     		N/A PC Ending College Hunger - COVID-19 Response 25,000
    TALKINGPOINTS
    509 WEBSTER ST
    SAN FRANCISCO,CA94117     		N/A PC General & Unrestricted 25,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION
    PO BOX 45339
    San Francisco,CA94145     		N/A PC Endowment Scholarship(s) for UCSF-Fresno medical students from the central valley 25,000
    Ananya Sridhar
    150 Farm Road
    Woodside,CA94062     		none I Grand Prize Winner 5,000
    Ovio Inc
    2919 23rd Street
    San Francisco,CA94110     		none NC Grand Prize Winner 5,000
    Donna Farren
    2512 Parker Street
    Berkeley,CA94704     		none I grand prize winner 20,000
    Noah Wu
    2512 Parker Street
    Berkeley,CA94704     		none I grand prize winner 20,000
    Trill Project Inc
    1 Pelican Circle Hill
    Newport Coast,CA92657     		none NC grand prize winner 40,000
    Social Cipher LLC
    199 Promenade Street
    Pomona,CA91767     		none NC grand prize winner 5,000
    Project Invent
    831 Donohoe St
    East Palo Alto,CA94303     		none NC grand prize winner 40,000
    David Lu
    504 Park Blvd
    Millbrae,CA94030     		none I grand prize winner 2,500
    Annie Lu
    504 Park Blvd
    Millbrae,CA94030     		none I grand prize winner 2,500
    Market Project Inc
    PO Box 15491
    Washington,DC20003     		none NC grand prize winner 5,001
    Total .................................bullet 3a 1,047,712
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,377  
    4 Dividends and interest from securities....     14 79,798  
    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 ............     		525990 345 18 46,449  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 LOSS     		525990 -13,571 14 53,054  
    bFederal Tax Refund     01 14,305  
    cINTEREST INCOME FROM BOND RECEIVABLE     14 20,000  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -13,226 214,983  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    201,757
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    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
    Westly Foundation
     
    Employer identification number

    94-3368338
    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
    Westly Foundation
          		Employer identification number
    94-3368338
    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
    BB Trust
    c/o R Rock 1123 Meredith Ave
     
    San Jose, CA95125

    		$ 382,275


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    The David and Lucile Packard Founda
    C/O DONATIONS 343 SECOND STREET
     
    Los Altos, CA94022

    		$ 40,000


    (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.)
    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
    Westly Foundation
          		Employer identification number

    94-3368338
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 TESLA MOTORS INC TSLA, 500 sh. $ 239,660 2020-01-10
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 TPI COMPOSITES INC TPIC, 4268 sh. $ 142,615 2020-10-27
    (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
    Westly Foundation
          		Employer identification number

    94-3368338
    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:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 GeneralExplanationAttachment
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Identifier Return Reference Explanation
    PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $46,449 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $345 TOTAL PART I, LINE 6A: $46,794 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $1,755,728 BOOK BASIS: NET GAIN/(LOSS): $(76,974) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $124,043 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: BOOK BASIS: $3,254 NET GAIN/(LOSS): $(3,254) DISTRIBUTIONS IN EXCESS OF BASIS: $2,634

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T INC - 2.750% - 06/01/2031 26,957 28,772
    BANK AMER CORP FR - 3.300% - 0 24,616 25,445
    BANK NEW YORK MELLONCORP MTN B 25,086 25,765
    BOEING - 3.200% - 03/01/2029 26,334 26,233
    CANADIAN NATURAL RESOURCES - 2 26,955 28,310
    CAPITAL ONE FINL CORP NOTE - 3 28,486 28,190
    CITIGROUP INC - 2.350% - 08/02 24,786 25,276
    COMCAST CORP - 3.700% - 04/15/ 30,154 29,763
    ENERGY TRANSFER OPERATING LP - 30,096 30,029
    GENERAL MOTORS - 3.450% - 01/1 23,495 23,615
    GOLDMAN SACHS GROUP INC NOTE - 26,236 28,919
    JPMORGAN CHASE & CO - 4.350% - 25,896 24,613
    KINDER MORGAN ENER PART NOTE - 26,101 25,204
    ROYAL BANK OF CANADA - 4.650% 26,690 28,322
    WESTPAC BANKING CORP - 2.100% 24,241 24,164

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 8,321 7,866
    ACCENTURE PLC 2,874 10,448
    ALIBABA GROUP HOLDING LTD 57,341 69,819
    ALPHABET INC CL A 9,879 15,774
    AMAZON COM 176,533 325,693
    APPLE INC 41,475 155,513
    BECTON DICKINSON & CO 3,393 8,758
    BERKSHIRE HATHAWAY INC. CLASS 12,221 21,564
    BIOGEN INC 11,504 12,488
    BRAMSHILL INCOME PERFORMANCE F 237,355 243,005
    C H ROBINSON WORLDWIDE INC 10,409 16,240
    CISCO SYSTEMS INC 6,688 12,306
    COGNIZANT TECHNOLOGY SOLUTIONS 5,249 13,440
    EXPEDITORS INTL WASH INC 5,156 8,750
    GEN DYNAMICS CP 11,329 11,459
    INT'L FLAVORS & FRAGRANCES INC 8,009 8,381
    INVESCO QQQ TRUST 192,857 465,943
    ISHARES GOLD TRUST 123,380 181,300
    JOHNSON & JOHNSON 6,955 8,813
    MEDTRONIC PLC 13,851 21,085
    MICROSOFT CORP 27,041 89,858
    NIKE INC-CL B 5,602 14,996
    NOVO NORDISK A S 9,340 16,694
    ORACLE CORP 10,660 22,965
    PEPSICO INC 8,480 13,347
    PROCTER GAMBLE CO 5,519 9,601
    RAYTHEON TECHNOLOGIES CORP 9,101 12,157
    RECKITT BENCKISER GROUP 8,422 9,694
    STARBUCKS CORP COM 4,684 8,986
    THE COCA-COLA CO 6,035 8,226
    UNILEVER PLC AMER 8,327 8,994
    VANGUARD FTSE DEVELOPED MARKET 513,823 613,729
    VANGUARD FTSE EMERGING MARKETS 288,236 340,748
    VANGUARD SF REIT ETF 46,451 59,451
    VANGUARD TOTAL STOCK MARKET ET 375,053 603,383
    VARIAN MEDICAL SYSTEMS INC 3,498 10,501
    WAL-MART STORES INC 4,168 9,946
    WALT DISNEY HOLDINGS CO 20,465 27,902

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Westly Foundation
    EIN:
    94-3368338
    US Government Securities - End of Year Book Value:

    525,143
    US Government Securities - End of Year Fair Market Value:

    553,585
    State & Local Government Securities - End of Year Book Value:


    150,343
    State & Local Government Securities - End of Year Fair Market Value:


    156,723


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BREVET DIRECT LENDING - SHORT   508,785 579,071
    CAPITAL DYNAMICS CHAMPION VENT   47,957 77,595
    CAPITAL ROYALTY PARTNERS II (C   14,021 9,291
    CAPROCK BREP VI, LLC   19,401 12,366
    CIM ENTERPRISE LOAN FUND, LP   225,938 196,494
    COLUMBIA PACIFIC 2016 ACQUISIT   225,323 174,388
    GREENBACKER RENEWABLE ENERGY C   227,641 243,859
    HRJ GROWTH CAPITAL II LP   55,574 43,565
    HRJ VENTURE VC V (FOREIGN), LP   11,386 28,209
    INSITE MEDIACOM, LLC (PTR # 71   8,291 16,662
    INSITE MEDIACOM, LLC (PTR # 92   8,846 16,662
    KIMPACT EVERGREEN R E INV FD,   265,009 287,660
    NORTHGATE IV, LP   68,784 108,850
    OAKTREE PRIVATE INVESTMENT FUN   325,393 302,596
    PEP I OFFSHORE F/K/A STEPSTONE     8,512
    RAINETH HOUSING FUND IV, LP   35,288 189,873
    SCP REAL ASSETS FND (A) LP   69,112 41,237
    TCG PRIVATE SELECT PARTNERS LP   442,652 614,569
    TCG PRIVATE SELECT PTNRS III,   78,557 84,310
    TRILINC GLOBAL IMPACT FUND, LL   168,723 146,758
    UNION BAY CAPITAL PARTNERS I,   46,467 16,097
    BOND RECEIVABLE - FIRST POINT   250,000 250,000

    TY 2020 OtherExpensesSchedule
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 40,818     40,818
    Bank Charges 647 647    
    Indemnification Insurance 1,163     1,163
    K-1 Exp BREVET DIRECT LENDING 3,216 2,334    
    K-1 Exp CAPITAL DYNAMICS CHAMP 1,218 1,202    
    K-1 Exp CAPITAL ROYALTY PARTNE 2,096 2,096    
    K-1 Exp CAPROCK BREP VI, LLC 218 204    
    K-1 Exp CIM ENTERPRISE LOAN FU 211 211    
    K-1 Exp COLUMBIA PACIFIC 2016 3,942 3,942    
    K-1 Exp GREENBACKER RENEWABLE 522 522    
    K-1 Exp HRJ GROWTH CAPITAL II 1,796 1,789    
    K-1 Exp HRJ VENTURE VC V (FORE 667 661    
    K-1 Exp INSITE MEDIACOM, LLC ( 1      
    K-1 Exp NORTHGATE IV, LP 3,247 3,197    
    K-1 Exp OAKTREE PRIVATE INVEST 5,624 5,535    
    K-1 Exp RAINETH HOUSING FUND I 1,669 1,439    
    K-1 Exp SCP REAL ASSETS FND (A 5,410 5,402    
    K-1 Exp TCG PRIVATE SELECT PAR 8,792 8,688    
    K-1 Exp TCG PRIVATE SELECT PTN 2,686 2,670    
    K-1 Exp TRILINC GLOBAL IMPACT 490 490    
    K-1 Exp UNION BAY CAPITAL PART 1,218 1,204    
    Office Supplies 189     189
    Payroll Processing Fees 1,179     1,179
    State or Local Filing Fees 180     180


    TY 2020 OtherIncomeSchedule2
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss BREVET DIRECT LENDING - SHORT DURATIO 45,568 43,051  
    K-1 Inc/Loss CAPITAL DYNAMICS CHAMPION VENTURES V, 163 89  
    K-1 Inc/Loss CAPITAL ROYALTY PARTNERS II (CAYMAN) 980 980  
    K-1 Inc/Loss CAPROCK BREP VI, LLC 1,806 1,806  
    K-1 Inc/Loss CIM ENTERPRISE LOAN FUND, LP 11,110 11,110  
    K-1 Inc/Loss COLUMBIA PACIFIC 2016 ACQUISITION II, -2,182 286  
    K-1 Inc/Loss HRJ GROWTH CAPITAL II LP -213 -11  
    K-1 Inc/Loss HRJ VENTURE VC V (FOREIGN), LP 20 20  
    K-1 Inc/Loss INSITE MEDIACOM, LLC (PTR # 719) 7,057 1  
    K-1 Inc/Loss INSITE MEDIACOM, LLC (PTR # 925) 6,947 1  
    K-1 Inc/Loss KIMPACT EVERGREEN R E INV FD, LP -23,633 -7,555  
    K-1 Inc/Loss NORTHGATE IV, LP 1,914 1,873  
    K-1 Inc/Loss OAKTREE PRIVATE INVESTMENT FUND 2012, 10,335 10,329  
    K-1 Inc/Loss RAINETH HOUSING FUND IV, LP -32,801 -32,801  
    K-1 Inc/Loss SCP REAL ASSETS FND (A) LP -1,235 -633  
    K-1 Inc/Loss TCG PRIVATE SELECT PARTNERS LP 1,675 12,850  
    K-1 Inc/Loss TCG PRIVATE SELECT PTNRS III, LP 1,023 1,111  
    K-1 Inc/Loss TRILINC GLOBAL IMPACT FUND, LLC 10,409 10,409  
    K-1 Inc/Loss UNION BAY CAPITAL PARTNERS I, LLC 540 25  
    Federal Tax Refund 14,305    
    Interest Income from bond receivable 20,000 20,000  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WESTLY PRIZE ADMIN. SERVICES 6,525     6,525
    Investment Management Services 26,446 26,446    
    VIDEOGRAPHY SERVICES 5,092     5,092
    Website Development 1,589     1,589
    DATABASE CLEAN-UP SERVICES 2,200     2,200


    TY 2020 TaxesSchedule
    Name:
    Westly Foundation
    EIN:
    94-3368338
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 2,600      
    990-PF Extension for 2019 9,630      
    990-T Extension for 2019 3,300      
    Foreign Tax Paid 230 230    
    STATE INCOME TAX 2019 1,400