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.
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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
JAMES AND CECILIA TSE YING FOUNDATION
C/O CHARLENE YING

Number and street (or P.O. box number if mail is not delivered to street address)4790 CAUGHLIN PARKWAY NO 505
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RENO, NV89519

A Employer identification number

13-4149503

B Telephone number (see instructions)

(775) 746-8875

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

$5,559,874J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	37,456		37,456
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		15,674
b	Gross sales price for all assets on line 6a 7,863,107
7	Capital gain net income (from Part IV, line 2)...			15,674
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).......		2,294	2,294
12	Total. Add lines 1 through 11........	55,424		55,424
13	Compensation of officers, directors, trustees, etc.	65,000		32,500	32,500
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,569	784	784
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,015	225	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		28	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	68,612		33,509	33,284
25	Contributions, gifts, grants paid.......	480,267			480,267
26	Total expenses and disbursements. Add lines 24 and 25	548,879		33,509	513,551
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-493,455
b	Net investment income (if negative, enter -0-)			21,915
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	95,040	62,324	62,324
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,787,581	1,329,537	5,497,550
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,695	0	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)	1,885,316	1,391,861	5,559,874
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	2,201,334	2,201,334
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	-316,018	-809,473
	29	Total net assets or fund balances (see instructions).....	1,885,316	1,391,861
	30	Total liabilities and net assets/fund balances (see instructions).	1,885,316	1,391,861

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

1,885,316

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

-493,455

Other increases not included in line 2 (itemize) bullet

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

1,391,861

Decreases not included in line 2 (itemize) bullet

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

1,391,861

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	ABBOTT LABORATORIES	2020-04-15	2020-05-15
b	ABBOTT LABORATORIES	2020-04-15	2020-05-15
c	ACTIVISION BLIZZARD	2020-04-15	2020-04-28
d	ADOBE INC	2020-08-06	2020-08-11
e	ADOBE INC	2020-09-14	2020-09-17
	ADVANCED MICRO DEVIC	2020-06-10	2020-06-11
	ADVANCED MICRO DEVIC	2020-07-24	2020-08-11
	ALIBABA GROUP HLDG LTD FSPONSO	2019-07-22	2020-01-21
	ALIBABA GROUP HLDG LTD FSPONSO	2020-02-12	2020-02-28
	ALIBABA GROUP HLDG LTD FSPONSO	2020-03-18	2020-09-17
	ALIBABA GROUP HLDG LTD FSPONSOR	2020-09-07	2020-11-10
	ALIBABA GROUP HLDG LTD FSPONSOR	2020-09-07	2020-11-10
	ALIBABA GROUP HLDG LTD FSPONSOR	2020-09-07	2020-11-10
	ALIBABA GROUP HLDG LTD FSPONSO	2020-09-07	2020-11-10
	ALPHABET INC. CLASS	2020-01-07	2020-02-05
	ALPHABET INC. CLASS	2020-12-02	2020-12-14
	ALTERYX INC CLASS	2020-02-14	2020-02-25
	AMAZQN.COM INC	2019-08-15	2020-02-05
	AMERICAN INTL GROUP	2020-07-16	2020-07-20
	AMERN TOWER CORP REIT	2019-07-08	2020-01-07
	AMERN TOWER CORP REIT	2020-03-25	2020-11-06
	AMERN TOWER CORP REIT	2020-05-07	2020-11-06
	AMGEN INC.	2019-12-06	2020-01-07
	ANAPLAN INC	2020-02-04	2020-02-05
	APPLE INC	2019-06-05	2020-02-05
	ARK GENOMIC REVOLUTION ETF	2019-11-26	2020-05-27
	ARK GENOMIC REVOLUTION ETF	2020-10-07	2020-10-21
	ARK GENOMIC REVOLUTION ETF	2020-10-07	2020-10-21
	ARK GENOMIC REVOLUTION ETF	2020-10-07	2020-10-21
	ARK GENOMIC REVOLUTION ETF	2020-10-07	2020-10-21
	ARK GENOMIC REVOLUTION ETF	2020-10-07	2020-10-21
	ARK GENOMIC REVOLUTION ETF	2020-12-07	2020-12-09
	ARK INNOVATION ETF	2020-05-08	2020-05-27
	ARK INNOVATION ETF	2019-11-26	2020-05-27
	ARK INNOVATION ETF	2020-02-06	2020-08-07
	ARK INNOVATION ETF	2020-03-09	2020-09-08
	ARK NEXT GENERATION INTERNET	2019-08-06	2020-02-05
	ASML HLDGS NV FSPONSORED	2019-09-15	2020-03-16
	ATLASSIAN CORP PLC FCLASS	2019-11-26	2020-05-27
	AXQNICS MODULATION TECHN	2020-09-30	2020-10-05
	BARRICK GOLD CORP E	2020-05-05	2020-05-13
	BARRICK GOLD CORP F	2019-11-25	2020-05-26
	BERKSHIRE HATHAWAY CLASS	2019-09-10	2020-03-18
	BERKSHIRE HATHAWAY CLASS	2020-11-09	2020-12-07
	BERRY GLOBAL GROUP	2020-07-31	2020-08-21
	BERRY GLOBAL GROUP	2020-02-20	2020-08-21
	BLACKROCK INC	2020-02-12	2020-02-25
	CADENCE DESIGN SYS	2020-11-04	2020-11-09
	CDW CORP	2019-12-13	2020-01-29
	CDW CORP	2019-12-13	2020-01-29
	CERENCE INC	2020-08-04	2020-08-06
	CHARTER COMMUNICATN CLASS	2020-08-18	2020-08-21
	CHEGG INC	2020-02-10	2020-08-11
	CHINA DISTANCE EDUCATI FSPONSOR	2020-02-06	2020-02-14
	CHINA DISTANCE EDUCATI FSPONSOR	2020-02-06	2020-02-14
	CHINA DISTANCE EDUCATI FSPONSO	2020-02-06	2020-02-14
	CHINA DISTANCE EDUCATI FSPONSO	2020-02-06	2020-02-14
	CHINA DISTANCE EDUCATI FSPONSO	2020-02-06	2020-02-14
	CHINA DISTANCE EDUCATI FSPONSO	2020-02-06	2020-02-14
	CHINA DISTANCE EDUCATI FSPONSO	2020-02-06	2020-02-14
	CHURCH & DWIGHT CO	2020-07-31	2020-08-11
	CISCO SYSTEMS INC	2020-08-10	2020-08-13
	CLOROX CO	2020-02-25	2020-03-25
	CLOROX CO	2020-03-18	2020-03-25
	CLOROX CO	2020-05-28	2020-08-05
	CLOUDFLARE INC CLASS	2020-06-15	2020-07-23
	CLOUDFLARE INC CLASS	2020-06-15	2020-07-23
	CLOUDFLARE INC CLASS	2020-06-15	2020-07-23
	CLOUDFLARE INC CLASS	2020-02-05	2020-08-06
	COUPA SOFTWARE INCORPORA	2019-11-26	2020-05-27
	DATADOG INC CLASS	2020-05-28	2020-07-13
	DATADOG INC CLASS	2020-05-29	2020-07-13
	DEXCOM INC	2019-11-25	2020-05-26
	DEXCOM INC	2020-08-13	2020-08-21
	DIREXION DAILY ENERGY BULL 2X	2020-06-05	2020-06-09
	DIREXION DAILY ENERGY BULL 2X	2020-12-10	2020-12-14
	DIREXION DAILY FINANCIALBULL 3X E	2020-06-05	2020-06-09
	DIREXION DAILY FINANCIALBULL 3X E	2020-11-09	2020-11-12
	DIREXION DAILY GOLD MINERS IND	2020-06-30	2020-06-30
	DIREXION DAILY GOLD MINERS IND	2020-06-30	2020-07-23
	DIREXION SEMICONDUCTOR BULL 3X	2020-06-15	2020-06-15
	DIREXN PLY CSI CHINA INTRNT INDX	2020-08-28	2020-08-31
	DIREXN PLY CSI CHINA INTRNT INDX	2020-08-28	2020-08-31
	DIREXN PLY CSI CHINA INTRNT INDX	2020-08-28	2020-08-31
	DIREXN PLY CSI CHINA INTRNT INDX	2020-08-28	2020-08-31
	DISCOVER FINLS	2019-12-10	2020-06-10
	DQCUSIGN INC	2020-03-31	2020-05-27
	DQCUSIGN INC	2020-01-14	2020-07-15
	DOLLAR GENERAL CORP	2020-05-03	2020-11-02
	DOMINOS PIZZA INC	2020-08-19	2020-08-25
	DRAFTKINGS INC	2020-05-28	2020-06-03
	DRAFTKINGS INC	2020-04-05	2020-10-05
	EMERSON ELECTRIC CO	2020-08-11	2020-08-17
	EXP WORLD HLDGS INC	2020-12-15	2020-12-28
	EXP WORLD HLDGS INC	2020-12-15	2020-12-28
	FEDEX CORP	2020-08-10	2020-08-11
	FIVERR INTERNTNL LTD F	2020-02-20	2020-08-21
	FIVERR INTERNTNL LTD F	2020-11-12	2020-12-09
	FREEPORT-MCMORAN INC	2020-09-17	2020-09-21
	GENERAL MOTORS CO	2020-09-08	2020-09-09
	GENMAB A/S FSPONSORED AD	2020-08-17	2020-08-19
	GLOBAL X MSCI CHINA CONSUMER	2020-11-12	2020-12-09
	GOLDMAN SACHS GROUP	2020-02-05	2020-02-10
	GOODRX HLDGS INC	2020-09-28	2020-09-30
	GOODRX HLDGS INC	2020-09-28	2020-09-30
	GOODRX HLDGS INC	2020-09-28	2020-09-30
	GOODRXHLDGS INC	2020-09-28	2020-09-30
	HOME DEPOT INC	2020-07-24	2020-08-28
	IBM CORP	2020-02-05	2020-02-05
	ICHOR HOLDINGS E	2020-02-12	2020-02-14
	INNOVATOR IBP 50 ETF	2020-07-10	2020-07-16
	INPHI CORP	2020-01-07	2020-01-30
	INTUIT INC	2020-02-25	2020-02-28
	INVESCO SOLAR ETF	2020-04-21	2020-10-21
	ISHARES EXPANDED TECH STW SCT	2020-06-12	2020-07-23
	JD COM INC FSPONSORED AD	2020-04-16	2020-04-28
	KLACORP	2020-06-05	2020-06-26
	KRANESHARES CSI CHINA INTERNET	2020-06-10	2020-07-23
	LANDSTAR SYS INC	2020-08-10	2020-08-18
	LANDSTAR SYS INC	2020-08-10	2020-08-18
	LANDSTAR SYS INC	2020-08-10	2020-08-18
	LEIDOS HOLDINGS INC	2020-03-26	2020-04-15
	LI AUTO INC FUNSPONSOREDA	2020-11-04	2020-11-06
	LILLY ELI SCO	2020-11-16	2020-11-16
	LIVE OAK BANCSHARES INCO	2020-11-17	2020-11-20
	LIVONGO HEALTH INC XXXMANDATO	2020-02-23	2020-08-24
	LOGITECH INTL S A E	2020-05-15	2020-05-27
	LOGITECH INTL S A E	2020-11-11	2020-11-23
	LULULEMON ATHLETICA	2020-03-10	2020-09-09
	L3HARRIS TECHNOLOGIES IN	2020-05-28	2020-06-15
	MICRON TECHNOLOGY	2020-03-26	2020-05-13
	NETEASE INC FSPONSORED AD	2020-08-25	2020-08-28
	NETFLIX INC	2020-04-16	2020-04-28
	NIKE INC CLASS B.	2020-03-26	2020-04-15
	NQVAVAX INC	2020-08-17	2020-08-19
	NOVOCURE LTD E	2020-11-23	2020-11-24
	NVIDIA CORP	2020-05-18	2020-05-27
	NVIDIA CORP	2019-11-26	2020-05-27
	NVIDIA CORP	2020-08-13	2020-09-11
	NVIDIA CORP	2020-11-06	2020-11-10
	NVIDIA CORP	2020-11-12	2020-11-20
	OSHARES GLOBAL INTERNETGIANT	2020-06-12	2020-07-23
	OKTA INC CLASS A	2019-11-26	2020-05-27
	PALO ALTO NETWORKS	2020-05-29	2020-06-17
	PAYCOM SOFTWARE INC	2020-02-04	2020-02-05
	PELOTON INTERACTIVE INC	2020-09-09	2020-09-10
	PENNYMAC FINL SVCS INC	2020-03-04	2020-03-13
	PINDUODUO INC FUNSPONSORE	2020-02-05	2020-08-06
	PLUG POWER INC	2020-11-16	2020-11-17
	PROCTER & GAMBLE	2019-11-14	2020-05-15
	PROCTER & GAMBLE	2020-05-18	2020-05-20
	PROCTER & GAMBLE	2020-05-18	2020-05-20
	PROSHARES ULTRA DOW 30 ETF	2020-03-13	2020-03-17
	PROSHARES ULTRA DOW 30 ETF	2019-09-30	2020-03-31
	PROSHARES ULTRA DOW 30 ETF	2020-08-11	2020-08-11
	PROSHARES ULTRA SILVER ETF	2020-07-17	2020-07-23
	PROSHARES ULTRA SILVER ETF	2020-07-24	2020-08-07
	PROSHARES ULTRA SILVER ETF	2020-08-06	2020-08-07
	PROSHARES ULTRA SILVER ETF	2020-02-06	2020-08-07
	PROSHARES ULTRAPRO QQQ ETF	2020-06-10	2020-06-11
	PROSHARES ULTRAPRO QQQ ETF	2020-09-09	2020-09-10
	RENAISSANCE IPO ETF	2020-08-20	2020-08-21
	RENAISSANCE IPO ETF	2020-08-20	2020-08-21
	REPLIGEN CORP	2020-05-28	2020-06-02
	S&P GLOBAL INC	2020-02-12	2020-02-25
	SALESFORCE COM	2019-08-06	2020-02-05
	SCIPLAY CORP	2020-10-05	2020-10-06
	SERVICE NOW INC	2019-09-17	2020-03-18
	SERVICE NOW INC	2020-05-05	2020-05-13
	SHQPIFY INC FCLASS	2019-09-12	2020-03-13
	SHQPIFY INC FCLASS	2019-11-17	2020-05-18
	SITIME CORP	2020-08-17	2020-08-20
	SPDR DOW JONES INDUSTRIAL A	2020-08-10	2020-08-18
	SPDR S&P BIOTECH ETF	2020-02-20	2020-08-21
	SPDR S&P HOMEBUILDERS ETF	2020-08-03	2020-09-21
	SPLUNK INC	2020-07-10	2020-07-14
	SPOTIFY TECHNOLOGY E	2020-07-22	2020-07-23
	SQUARE INC CLASS	2020-11-23	2020-12-02
	TAIWAN SEMICONDUCTR FSPONS	2019-07-31	2020-01-30
	TAIWAN SEMICONDUCTR FSPONSO	2019-08-15	2020-02-14
	TAIWAN SEMICONDUCTR FSPONSO	2020-10-07	2020-11-10
	TAIWAN SEMICONDUCTR FSPONSO	2020-10-07	2020-11-10
	TAIWAN SEMICONDUCTR FSPONSO	2020-10-07	2020-11-10
	TAIWAN SEMICONDUCTR FSPONSO	2020-10-07	2020-11-10
	TAIWAN SEMICONDUCTR FSPONSO	2020-05-11	2020-11-10
	TAIWAN SEMICONDUCTR FSPONS	2020-05-11	2020-11-10
	TARGET CORP	2020-05-29	2020-06-15
	TELADQC INC	2020-08-05	2020-08-05
	TENCENT HOLDINGS FUNSPONS	2020-05-11	2020-11-10
	TENET HEALTHCARE	2019-12-06	2020-01-07
	TENET HEALTHCARE	2019-12-06	2020-01-07
	TERADYNE INCORPORATE	2020-06-17	2020-07-23
	TERADYNE INCORPORATE	2020-06-17	2020-07-23
	TERADYNE INCORPORATE	2020-06-17	2020-07-23
	TESLA INC	2020-01-07	2020-01-09
	TESLA INC	2019-08-06	2020-02-05
	TESLA INC	2020-02-28	2020-03-13
	TESLA INC	2020-04-15	2020-05-26
	TESLA INC	2020-06-15	2020-06-22
	TESLA INC	2020-11-17	2020-12-09
	TRANSDIGM GROUP INC	2020-03-26	2020-03-31
	UNION PACIFIC CORP	2020-02-17	2020-08-18
	UNITED PARCEL SRVC CLASS	2020-08-07	2020-08-11
	UNITEDHEALTH GRP INC	2020-05-28	2020-06-10
	UNITY SOFTWARE INC	2020-03-31	2020-09-30
	VAXART INC	2020-06-26	2020-06-30
	VEEVA SYSTEMS INC CLASS	2019-11-26	2020-05-27
	VISA INC CLASS	2019-09-17	2020-03-18
	VISTA OUTDOOR INC	2020-10-05	2020-10-06
	WALMART INC	2020-03-18	2020-03-25
	WHEATON PRECIOUS METAL F	2020-07-27	2020-08-03
	ZEBRA TECHNOLOGIES CLASS	2020-06-05	2020-06-09
	ZOOM VIDEO COMMUNICATION	2019-10-06	2020-04-06
	ZOOM VIDEO COMMUNICATION	2020-04-04	2020-04-28
	ZOOM VIDEO COMMUNICATION	2020-08-20	2020-09-02
	ZOOM VIDEO COMMUNICATION	2020-09-22	2020-10-21
	ZSCALER INC	2020-07-20	2020-07-22
	ZTO EXPRESS CAYMAN INC FSPONS	2020-04-16	2020-04-28
	BERKSHIRE HATHAWAY CLASS	2019-09-17	2020-03-18
	PROSHARES ULTRA SILVER - K-1 INCOME

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,923	9,071	-148
b	8,923	9,071	-148
c	38,500	39,034	-534
d	43,822	46,184	-2,362
e	46,267	48,392	-2,125
	32,414	34,860	-2,446
	30,963	27,954	3,009
	88,527	82,634	5,893
	40,110	44,970	-4,860
	191,599	195,217	-3,618
	5,398	6,118	-720
	7,826	8,874	-1,048
	13,764	15,608	-1,844
	26,987	30,596	-3,609
	28,811	28,001	810
	17,569	18,297	-728
	26,724	31,196	-4,472
	102,191	88,850	13,341
	25,512	25,952	-440
	22,326	23,394	-1,068
	24,173	20,531	3,642
	72,485	67,456	5,029
	47,600	46,777	823
	17,792	18,730	-938
	96,425	54,933	41,492
	44,734	44,526	208
	6,848	7,037	-189
	6,848	7,037	-189
	6,848	7,037	-189
	6,848	7,037	-189
	6,848	7,037	-189
	18,167	19,178	-1,011
	6,025	5,820	205
	42,168	41,296	872
	97,682	95,509	2,173
	42,624	45,237	-2,613
	46,625	46,896	-271
	146,731	190,922	-44,191
	81,971	80,470	1,501
	18,838	20,381	-1,543
	2,579	2,579	0
	24,985	28,203	-3,218
	52,688	62,261	-9,573
	22,885	22,367	518
	5,292	5,173	119
	68,801	67,464	1,337
	30,894	34,318	-3,424
	12,311	12,044	267
	24,074	24,496	-422
	43,556	44,310	-754
	15,785	15,240	545
	24,484	24,513	-29
	62,887	62,577	310
	427	444	-17
	428	444	-16
	856	889	-33
	859	889	-30
	861	889	-28
	1,702	1,777	-75
	6,800	7,109	-309
	27,749	28,635	-886
	21,320	23,883	-2,563
	16,730	20,128	-3,398
	16,730	16,730	0
	23,570	20,416	3,154
	10,926	9,396	1,530
	14,564	12,527	2,037
	25,479	21,916	3,563
	41,196	38,884	2,312
	40,264	40,794	-530
	27,833	20,655	7,178
	18,560	13,946	4,614
	76,374	78,638	-2,264
	43,014	43,807	-793
	25,985	25,828	157
	18,648	20,437	-1,789
	34,023	34,080	-57
	22,242	24,238	-1,996
	38,929	38,850	79
	38,144	31,080	7,064
	34,180	34,194	-14
	1,315	1,364	-49
	5,262	5,458	-196
	10,522	10,914	-392
	14,468	15,007	-539
	56,439	59,641	-3,202
	24,088	18,416	5,672
	114,688	90,877	23,811
	41,642	41,918	-276
	20,907	20,789	118
	19,707	19,351	356
	41,509	38,238	3,271
	20,765	21,266	-501
	2,914	2,934	-20
	18,406	18,531	-125
	19,538	19,857	-319
	35,392	34,990	402
	28,586	24,779	3,807
	23,663	25,538	-1,875
	32,175	33,230	-1,055
	18,418	18,883	-465
	23,031	23,652	-621
	473,514	488,200	-14,686
	4,500	4,703	-203
	5,492	5,735	-243
	10,974	11,468	-494
	17,448	18,236	-788
	28,495	26,597	1,898
	46,918	46,958	-40
	28,411	29,592	-1,181
	17,585	18,230	-645
	23,388	23,721	-333
	25,734	28,869	-3,135
	72,630	68,695	3,935
	87,219	80,631	6,588
	34,938	37,478	-2,540
	19,097	19,363	-266
	26,209	23,016	3,193
	2,602	2,587	15
	10,411	10,347	64
	13,012	12,934	78
	54,989	55,113	-124
	20,852	20,872	-20
	140,370	140,488	-118
	21,503	22,742	-1,239
	39,895	41,355	-1,460
	21,665	21,263	402
	24,406	24,898	-492
	28,501	33,116	-4,615
	19,051	19,559	-508
	43,494	44,458	-964
	50,408	51,446	-1,038
	40,666	44,476	-3,810
	17,029	16,951	78
	14,782	15,338	-556
	24,938	26,941	-2,003
	32,322	32,322	0
	58,177	57,304	873
	71,525	69,626	1,899
	52,215	52,215	0
	53,282	59,299	-6,017
	39,487	34,994	4,493
	34,081	35,357	-1,276
	22,957	23,167	-210
	32,453	33,678	-1,225
	17,570	17,681	-111
	17,721	22,921	-5,200
	64,586	61,996	2,590
	33,827	37,649	-3,822
	34,261	31,850	2,411
	5	5	0
	227	232	-5
	19,036	19,036	0
	30,427	33,335	-2,908
	14,079	14,359	-280
	35,446	31,321	4,125
	19,092	15,447	3,645
	6,365	6,969	-604
	19,092	17,378	1,714
	43,263	48,225	-4,962
	36,824	39,984	-3,160
	4,539	4,565	-26
	13,608	13,694	-86
	19,608	19,683	-75
	28,275	30,396	-2,121
	36,840	35,539	1,301
	17,035	16,997	38
	51,434	64,824	-13,390
	17,753	18,676	-923
	55,448	73,448	-18,000
	44,521	43,977	544
	19,671	20,267	-596
	27,875	27,796	79
	33,300	30,659	2,641
	25,684	25,179	505
	19,834	20,985	-1,151
	16,250	17,511	-1,261
	19,949	20,707	-758
	82,846	73,652	9,194
	34,845	37,808	-2,963
	8,750	8,689	61
	8,750	8,689	61
	11,201	11,121	80
	26,250	26,066	184
	23,800	23,271	529
	157,497	139,609	17,888
	23,649	23,996	-347
	20,741	21,315	-574
	74,076	75,686	-1,610
	7,367	7,092	275
	66,293	63,795	2,498
	87	79	8
	16,418	14,838	1,580
	18,247	16,487	1,760
	23,984	22,937	1,047
	113,298	95,847	17,451
	26,212	32,648	-6,436
	32,738	29,245	3,493
	99,668	98,516	1,152
	60,451	44,684	15,767
	16,345	19,470	-3,125
	57,515	56,590	925
	23,271	23,390	-119
	21,445	21,550	-105
	52,427	55,053	-2,626
	17,600	20,080	-2,480
	37,321	37,835	-514
	146,492	179,700	-33,208
	22,217	22,149	68
	22,289	25,370	-3,081
	26,459	27,905	-1,446
	54,695	55,152	-457
	82,042	77,589	4,453
	31,543	34,691	-3,148
	42,762	28,884	13,878
	52,103	48,998	3,105
	25,023	25,298	-275
	29,209	29,030	179
	175,626	161,451	14,175
			7,252

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			-148
b			-148
c			-534
d			-2,362
e			-2,125
			-2,446
			3,009
			5,893
			-4,860
			-3,618
			-720
			-1,048
			-1,844
			-3,609
			810
			-728
			-4,472
			13,341
			-440
			-1,068
			3,642
			5,029
			823
			-938
			41,492
			208
			-189
			-189
			-189
			-189
			-189
			-1,011
			205
			872
			2,173
			-2,613
			-271
			-44,191
			1,501
			-1,543
			0
			-3,218
			-9,573
			518
			119
			1,337
			-3,424
			267
			-422
			-754
			545
			-29
			310
			-17
			-16
			-33
			-30
			-28
			-75
			-309
			-886
			-2,563
			-3,398
			0
			3,154
			1,530
			2,037
			3,563
			2,312
			-530
			7,178
			4,614
			-2,264
			-793
			157
			-1,789
			-57
			-1,996
			79
			7,064
			-14
			-49
			-196
			-392
			-539
			-3,202
			5,672
			23,811
			-276
			118
			356
			3,271
			-501
			-20
			-125
			-319
			402
			3,807
			-1,875
			-1,055
			-465
			-621
			-14,686
			-203
			-243
			-494
			-788
			1,898
			-40
			-1,181
			-645
			-333
			-3,135
			3,935
			6,588
			-2,540
			-266
			3,193
			15
			64
			78
			-124
			-20
			-118
			-1,239
			-1,460
			402
			-492
			-4,615
			-508
			-964
			-1,038
			-3,810
			78
			-556
			-2,003
			0
			873
			1,899
			0
			-6,017
			4,493
			-1,276
			-210
			-1,225
			-111
			-5,200
			2,590
			-3,822
			2,411
			0
			-5
			0
			-2,908
			-280
			4,125
			3,645
			-604
			1,714
			-4,962
			-3,160
			-26
			-86
			-75
			-2,121
			1,301
			38
			-13,390
			-923
			-18,000
			544
			-596
			79
			2,641
			505
			-1,151
			-1,261
			-758
			9,194
			-2,963
			61
			61
			80
			184
			529
			17,888
			-347
			-574
			-1,610
			275
			2,498
			8
			1,580
			1,760
			1,047
			17,451
			-6,436
			3,493
			1,152
			15,767
			-3,125
			925
			-119
			-105
			-2,626
			-2,480
			-514
			-33,208
			68
			-3,081
			-1,446
			-457
			4,453
			-3,148
			13,878
			3,105
			-275
			179
			14,175
			7,252

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	15,674
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	305
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	305
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	305
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	3,736
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	3,736
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	3,431
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax308	Refunded	11	3,123

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

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

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

Yes

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

NY, NV

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

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

Yes

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

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

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

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

CHARLENE YING Telephone no. bullet

(775) 746-8775

Located at bullet

4790 CAUGHLIN PKWY 505RENONV ZIP+4 bullet

89519

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-)
CHARLENE C YING	CO-TRUSTEE 5.00	65,000
4790 CAUGHLIN PARKWAY 505 RENO,NV89519	CO-TRUSTEE 5.00	65,000
CECILIA T YING	CO-TRUSTEE 0.00	0
PO BOX 592 GENERAL POST OFFICE CENTRAL HK	CO-TRUSTEE 0.00	0
JOHN J YING	CO-TRUSTEE 0.00	0
PO BOX 592 GENERAL POST OFFICE CENTRAL HK	CO-TRUSTEE 0.00	0
JAMES W YING	CO-TRUSTEE 0.00	0
PO BOX 592 GENERAL POST OFFICE CENTRAL HK	CO-TRUSTEE 0.00	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...................

4,661,328

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

324,920

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

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

4,986,248

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

4,986,248

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

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

74,794

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

4,911,454

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

245,573

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

245,573

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

305

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

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

305

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

245,268

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

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

245,268

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

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

245,268

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 ..........

513,551

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

513,551

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

513,551

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					245,268
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	49,983
b From 2016......	474,246
c From 2017......	298,657
d From 2018......	507,202
e From 2019......	314,394
fTotal of lines 3a through e........		1,644,482
4Qualifying distributions for 2020 from Part
XII, line 4: $ 513,551
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					245,268
e Remaining amount distributed out of corpus		268,283
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		1,912,765
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		49,983
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		1,862,782
10 Analysis of line 9:
a Excess from 2016....	474,246
b Excess from 2017....	298,657
c Excess from 2018....	507,202
d Excess from 2019....	314,394
e Excess from 2020....	268,283

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).)

CHARLENE C YING

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COMMUNITY FOUNDATION OF WESTERN NEVADA 50 WASHINGTON ST STE 300 RENO,NV89503		PF	FOR COMMUNITY ASSISTANCE IN WESTERN NEVADA.	5,000
FOOD BANK OF NORTHERN NEVADA 550 ITALY DR SPARKS,NV89437		PC	FOR FOOD INSECURITY ASSISTANCE.	3,000
HOUR OF POWER MINISTRIES PO BOX 100 GARDEN GROVE,CA92842		PC	FOR RELIGIOUS SUPPORT SERVICES.	30,000
PHILLIPS EXETER ACADEMY 20 MAIN ST EXETER,NH03833		EOF	FOR EDUCATIONAL SERVICES.	100
SCHOOL YEAR ABROAD 120 WATER STREET STE 310 NORTH ANDOVER,MA01845		PC	FOR EDUCATIONAL SERVICES.	1,000
SIERRA ASSOCIATION OF FOSTER FAMILIES 1301 CORDONE AVE 212 RENO,NV89502		PC	FOR ASSISTANCE SERVICES TO FOSTER AND ADOPTIVE FAMILIES IN NORTHERN NEVADA.	20,000
TRUSTEES OF BOSTON UNIVERSITY ONE SILBER WAY BOSTON,MA02215		EOF	FOR EDUCATIONAL SERVICES.	1,500
TRUSTEES OF BOSTON UNIVERSITY TRUSTEES OF BOSTON UNIVERSITY BOSTON,MA02215		EOF	FOR EDUCATIONAL SERVICES.	416,667
WELLESLEY COLLEGE 106 CENTRAL ST WELLESLEY,MA02481		EOF	FOR EDUCATIONAL SERVICES.	3,000
Total ................................. 3a				480,267

bApproved for future payment

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

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	37,456
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	2,294
8 Gain or (loss) from sales of assets other than inventory ............			18	15,674
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		55,424	0

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

55,424

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

JAMES AND CECILIA TSE YING FOUNDATION

C/O CHARLENE YING

EIN:

13-4149503

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	1,569	784		784

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

JAMES AND CECILIA TSE YING FOUNDATION

C/O CHARLENE YING

EIN:

13-4149503

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SCHWAB #8660	1,329,537	5,497,550

- TIN:

TY 2020 OtherExpensesSchedule

Name:

JAMES AND CECILIA TSE YING FOUNDATION

C/O CHARLENE YING

EIN:

13-4149503

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROSHARES ULTRA SILVER K-1	28	0		0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

JAMES AND CECILIA TSE YING FOUNDATION

C/O CHARLENE YING

EIN:

13-4149503

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PROSHARES SEC 1256 STRADDLE	2,294	2,294	2,294

- TIN:

TY 2020 TaxesSchedule

Name:

JAMES AND CECILIA TSE YING FOUNDATION

C/O CHARLENE YING

EIN:

13-4149503

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL INCOME TAX	1,790	0		0
FOREIGN TAXES	225	225		0