Form990-PF

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
WAITT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1397
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTH SIOUX CITY, SD57049
A Employer identification number

46-0428166
B Telephone number (see instructions)

(605) 232-9929
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$152,186,431J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 13,101 13,101  
4 Dividends and interest from securities... 747,149 747,149  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -95,712
b Gross sales price for all assets on line 6a 56,427,448
7 Capital gain net income (from Part IV, line 2)... 1,516,071
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 77,384 45,538  
12 Total. Add lines 1 through 11........ 741,922 2,321,859  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 209,286 0   209,286
14 Other employee salaries and wages...... 746,226 0   754,849
15 Pension plans, employee benefits....... 78,318 0   78,318
16a Legal fees (attach schedule)......... Click to see attachment 8,105 0   8,105
b Accounting fees (attach schedule)....... Click to see attachment 55,059 0   55,059
c Other professional fees (attach schedule).... Click to see attachment 692,375 330,863   195,598
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 84,861 16,168   55,084
19 Depreciation (attach schedule) and depletion... 56,523 0  
20 Occupancy.............. 161,407 0   158,394
21 Travel, conferences, and meetings....... 43,739 0   43,739
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 79,836 0   76,065
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,215,735 347,031   1,634,497
25 Contributions, gifts, grants paid....... 5,254,965 5,308,966
26 Total expenses and disbursements. Add lines 24 and 25 7,470,700 347,031   6,943,463
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,728,778
b Net investment income (if negative, enter -0-) 1,974,828
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.............   535,496 535,496
2 Savings and temporary cash investments......... 3,962,307 9,206,828 9,206,828
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 35,852 19,462 19,462
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 44,541,427 Click to see attachment33,460,333 33,460,333
c Investments—corporate bonds (attach schedule)....... 41,721,832 Click to see attachment43,406,983 43,406,983
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 58,560,251 Click to see attachment65,290,671 65,290,671
14 Land, buildings, and equipment: basis bullet339,893
Less: accumulated depreciation (attach schedule) bullet190,814 185,644 Click to see attachment149,079 149,079
15 Other assets (describe bullet) Click to see attachment618,131 Click to see attachment117,579 Click to see attachment117,579
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 149,625,444 152,186,431 152,186,431
Liabilities 17 Accounts payable and accrued expenses.......... 120,188 269,560
18 Grants payable................. 54,600 600
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)......... 174,788 270,160
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........... 149,450,656 151,916,271
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    
29 Total net assets or fund balances (see instructions)..... 149,450,656 151,916,271
30 Total liabilities and net assets/fund balances (see instructions). 149,625,444 152,186,431
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
149,450,656
2
Enter amount from Part I, line 27a .....................
2
-6,728,778
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9,194,393
4
Add lines 1, 2, and 3 ..........................
4
151,916,271
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
151,916,271
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 CAPITAL GAINS FROM PUBLICLY TRADED SECURITIES   2020-01-01 2020-12-31
b CAPITAL GAINS FROM SALE OF PTP P 2020-01-01 2020-12-31
c CAPITAL GAINS FROM PARTNERSHIPS P 2020-01-01 2020-12-31
d DISPOSAL OF CEDAR FAIR, LP P 2020-01-01 2020-04-09
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 52,813,656   52,909,368 -95,712
b   0   15,283
c 3,613,792   2,055,128 1,558,664
d       37,836
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       -95,712
b       15,283
c       1,558,664
d       37,836
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 1,516,071
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 27,450
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 27,450
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 27,450
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 53,452
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,360
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,812
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 33,362
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet33,362 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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, SD
    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 addressbulletWWW.WAITTFOUNDATION.ORG
    14
    The books are in care ofbulletJOSH SHERER Telephone no.bullet (605) 232-9929

    Located atbulletPO BOX 1397NORTH SIOUX CITYSD ZIP+4bullet57049
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........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). Click to see attachment
    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
    HAILEY WAITT DIRECTOR
    0.50     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    SHANE HARTNETT DIRECTOR
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    MAX WAITT DIRECTOR
    0.50     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    MARK DICKEY SECRETARY
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    JOSH SHERER TREASURER
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    DAVE RUSSELL VICE CHAIRMAN/DIRECTOR
    0.50     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    THEODORE W WAITT CHAIRMAN/DIRECTOR
    6.00     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    CHERIE PROTHRO-SHEA MANAGING DIRECTOR
    40.00     		176,343 32,427 516
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    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
    HEATHER ZICHAL EXECUTIVE DIRECTOR O
    40.00     		364,457 20,570 231
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    THOMAS GRUESKIN PROGRAM DIRECTOR
    40.00     		158,926 36,507 671
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    TAMARA MARSHALL OPERATIONS MANAGER
    40.00     		115,786 35,020 142
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    SHAYNA BRODY MEDIA & COMMUNICATIO
    40.00     		102,538 11,152 82
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    JENNIFER AADNES ADMINISTRATIVE ASSIS
    40.00     		86,363 5,684 113
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    Total number of other employees paid over $50,000...................bullet 0
    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
    LA JOLLA LLC RENT 149,552
    1801 W OLYMPIC BLVD
    PASADENA,CA91199
    GREENLIGHT STRATEGIES LLC CONTRACTOR SERVICES 90,000
    5705 CROMWELL DRIVE
    BETHESDA,MD20816
    RSM US LLP AUDIT SERVICES 54,933
    110 S PHILLIPS AVE SUITE 300
    SIOUX FALLS,SD57104
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    93,020,977
    b
    Average of monthly cash balances.......................
    1b
    31,301,302
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    124,322,279
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    124,322,279
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,864,834
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    122,457,445
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,122,872
    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
    6,122,872
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    27,450
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    3,609
    c
    Add lines 2a and 2b............................
    2c
    31,059
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,091,813
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,091,813
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,091,813
    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
    6,943,463
    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
    19,958
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,963,421
    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
    6,963,421
    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 6,091,813
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 4,030,024
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,963,421
    a Applied to 2019, but not more than line 2a 4,030,024
    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..... 2,933,397
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		3,158,416
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    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).)
    THEODORE W WAITT
    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:
    CHERIE PROTHRO-SHEA
    PO BOX 1948
    LA JOLLA,CA92038
    (858) 551-4400
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATIONS ARE ACCEPTED FOR WF'S RAPID OCEAN CONSERVATION ('ROC') GRANTS PROGRAM APPLICATIONS MUST BE COMPLETED UTILIZING WF'S PRELIMINARY GRANT REQUEST VIA ITS WEBSITE WAITTFOUNDATION.ORG, AFTER THE GRANT APPLICANT REVIEWS WF'S GRANT GUIDELINES AND GRANTEE REQUIREMENTS ALSO FOUND ON ITS WEBSITE AN APPLICANT MUST PROVIDE ITS US TAX IDENTIFICATION NUMBER AND MUST BE PREPARED TO PROVIDE A CURRENT COPY OF ITS IRS 501(C)(3) DETERMINATION LETTER INTERNATIONAL APPLICANTS OUTSIDE THE US MUST PROVIDE PROOF OF PUBLIC CHARITABLE STATUS EQUIVALENT UNDER US LAWS
    cAny submission deadlines:
    PRELIMINARY GRANT REQUESTS ARE ACCEPTED YEAR-ROUND VIA WF'S WEBSITE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WAITT FOUNDATION LIMITS ITS GRANTS ACCORDING TO THE CRITERIA DEFINED IN THE GRANTS GUIDELINES AND GRANTEE REQUIREMENTS SECTION ON ITS WEBSITE (WAITTFOUNDATION.ORG). ITS GRANTEES MUST HAVE PROGRAMS THAT ARE PROJECT SPECIFIC WITH TANGIBLE AND MEASURABLE RESULTS. PRIORITY IS GIVEN TO INITIATIVES ADDRESSING WF'S CORE FOCUS, OCEAN CONSERVATION WHILE WF MAY MAKE EXCEPTIONS IN SPECIAL CIRCUMSTANCES, IT GENERALLY DOES NOT SUPPORT PROGRAMS OR ORGANIZATIONS THAT FALL OUTSIDE OF ITS KEY AREAS OF FOCUS, AND DOES NOT ACCEPT PROPOSALS TO SUPPORT INDIVIDUALS, EVENT FUNDRAISERS AND SPONSORHIPS, ENDOWMENTS, OR LOBBYING OF ANY KIND THE MAXIMUM AMOUNT FOR WF ROC GRANT REQUEST IS $15,000
    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
    AIDA
    50 CALIFORNIA ST STE 500
    SAN FRANCISCO,CA94111     		NONE PC RAPID OCEAN CONSERVATION GRANT 15,000
    ALEX'S LEMONADE STAND
    111 PRESIDENTIAL BLVD SUITE 203
    BALA CYNWYD,PA19004     		NONE PC EMPLOYEE MATCH 100
    ALLIANCE SAN DIEGO
    PO BOX 12266
    SAN DIEGO,CA92112     		NONE PC EMPLOYEE MATCH 200
    BARBUDANGO
    CODRINGTON VILLAGE
    CODRINGTON    
    AC     		NONE NC OCEAN CONSERVATION 50,000
    BENEATH THE WAVES
    PO BOX 126
    HERNDON,VA20172     		NONE PC RAPID OCEAN CONSERVATION GRANT 10,000
    BREN SCHOOL OF ENVIRONMENTAL SCIENCE & MANAGEMENT (UCSB)
    2410 BREN HALL UNIVERSITY OF
    CALIFORNIA
    SANTA BARBARA,CA93106     		NONE PC OCEAN CONSERVATION 651,706
    CAMPAIGN ZERO
    736 N WESTERN AVENUE
    LAKE FOREST,IL600451820     		NONE PC EMPLOYEE MATCH 400
    CENTER FOR SIOUXLAND
    715 DOUGLAS STREET
    SIOUX CITY,IA51101     		NONE PC EMPLOYEE MATCH 200
    CHARLES DARWIN FOUNDATION
    CHAUSSEE DE LA HULPE 177 BTE 20 REZ
    1170
    BRUSSELS    
    BE     		NONE NC RAPID OCEAN CONSERVATION GRANT 9,600
    CHURCH WORLD SERVICE
    28606 PHILLIPS STREET
    ELKHART,IN46515     		NONE PC EMPLOYEE MATCH 1,000
    CONSERVATION INTERNATIONAL FOUNDATION
    2011 CRYSTAL DRIVE SUITE 600
    ARLINGTON,VA22202     		NONE PC OCEAN CONSERVATION 55,000
    CRITTENTON CENTER
    PO BOX 295
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 2,000
    ENVIRONMENTAL LAW INSTITUTE
    1730 M STREET NW SUITE 700
    WASHINGTON,DC20036     		NONE PC OCEAN CONSERVATION 10,000
    ENVIRONMENTAL RESEARCH INSTITUE CHARLOTTEVILLE
    MAN O WAR BAY COTTAGES
    CHARLOTTEVILLE,TOBAGO  
    TD     		NONE PC RAPID OCEAN CONSERVATION GRANT 9,930
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL361042528     		NONE PC EMPLOYEE MATCH 100
    FOOD BANK OF SIOUXLAND
    PO BOX 985
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 1,750
    FOREVER COSTA RICA
    SABANA NORTE TORRE LA SABANA PISO 5
    SAN JOSE    
    CS     		NONE NC OCEAN CONSERVATION 100,000
    FRIENDS OF PALAU NATIONAL MARINE SANCTUARY
    40314 POST ROAD
    KOROR,PALAU96940
    PS     		NONE NC RAPID OCEAN CONSERVATION GRANT 20,000
    GIVELIGHT FOUNDATION
    1879 LUNDY AVENUE SUITE 226
    SAN JOSE,CA95131     		NONE PC EMPLOYEE MATCH 360
    HABITAT FOR HUMANITY INTERNATIONAL INC
    1150 TRI VIEW AVENUE
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 100
    HOPKINS MARINE STATION OF STANFORD UNIVERSITY
    120 OCEANVIEW BLVD
    PACIFIC GROVE,CA93950     		NONE PC RAPID OCEAN CONSERVATION GRANT 15,000
    HUMANE RESCUE ALLIANCE
    PO BOX 96312
    WASHINGTON,DC200906312     		NONE PC EMPLOYEE MATCH 500
    HUMANE SOCIETY OF THE UNITED STATES
    1255 23RD STREET NW SUITE 450
    WASHINGTON,DC20037     		NONE PC EMPLOYEE MATCH 60
    JUVENILE DIABETES RESEARCH FOUNDATION INTERNATIONAL
    26 BROADWAY 14TH FLOOR
    NEW YORK,NY10004     		NONE PC EMPLOYEE MATCH 150
    KPBS PUBLIC BROADCASTING
    5200 CAMPANILE DRIVE
    SAN DIEGO,CA92182     		NONE PC EMPLOYEE MATCH 60
    LUCKY DOG ANIMAL RESCUE
    5159 LEE HWY
    ARLINGTON,VA22207     		NONE PC EMPLOYEE MATCH 1,000
    MALDIVES CORAL INSTITUTE
    NEELOAFARU HINGUN
    MALE   20138
    MV     		NONE PC OCEAN CONSERVATION 50,000
    MARINE CONSERVATION INSTITUTE
    4010 STONE WAY N SUITE 210
    SEATTLE,WA98103     		NONE PC OCEAN CONSERVATION 75,000
    MATT TALBOT KITCHEN & OUTREACH
    2121 N 27TH STREET
    LINCOLN,NE68501     		NONE PC EMPLOYEE MATCH 100
    MCCOOK LAKE ASSOCIATION
    PO BOX 1185
    MCCOOK LAKE,SD54079     		NONE PC EMPLOYEE MATCH 120
    MENTAL HEALTH ASSOCIATION OF SIOUXLAND
    2401 15TH ST PL
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 500
    MICRONESIA CONSERVATION TRUST
    PO BOX 2177
    KOLONIA,POHNPEI96941
    OC     		NONE NC OCEAN CONSERVATION 20,000
    MIGRAMAR
    9255 SIR FRANCIS DRAKE BOULEVARD
    OLEMA,CA94950     		NONE PC RAPID OCEAN CONSERVATION GRANT 10,000
    NATIONAL POLYTECHNIC SCHOOL
    AV LADRON DE GUEVARA E11-253
      QUITO  
    EC     		NONE PC RAPID OCEAN CONSERVATION GRANT 10,000
    NOAH'S HOPE ANIMAL RESCUE INC
    2601 MYRTLE STREET
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 100
    NORM WAITT SR YMCA
    601 RIVERVIEW DRIVE
    SOUTH SIOUX CITY,NE68776     		NONE PC EMPLOYEE MATCH 3,020
    OCEAN UNITE
    3517 W PLACE NW
    WASHINGTON,DC20007     		NONE PC OCEAN CONSERVATION 40,000
    OCEANS 5
    6 WEST 48TH STREET 10TH FLOOR
    NEW YORK,NY10036     		NONE PC OCEAN CONSERVATION 1,125,000
    OMAHA COMMUNITY FOUNDATION
    3555 FARNAM STREET SUITE 222
    OMAHA,NE68131     		NONE PC EMPLOYEE MATCH 50
    PARTNERS FOR PATRIOTS
    3312 210TH STREET
    ANTHON,IA51004     		NONE PC EMPLOYEE MATCH 100
    PHOENIX ISLANDS PROTECTED AREA CONSERVATION TRUST
    PO BOX 366 BIKENIBEW
    TARAWA    
    KR     		NONE NC OCEAN CONSERVATION 375,000
    REEF LIFE FOUNDATION
    2611 EASTBOURNE DRIVE
    COTTONWOOD HEIGHTS,UT84121     		NONE PC RAPID OCEAN CONSERVATION GRANT 10,000
    SACRED HEART SCHOOL
    50 13TH STREET
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 660
    SAN DIEGO AUDUBON SOCIETY
    4010 MORENA BLVD STE 100
    SAN DIEGO,CA92117     		NONE PC EMPLOYEE MATCH 125
    SAN DIEGO FOOD BANK CORPORATION
    9850 DISTRIBUTION AVENUE
    SAN DIEGO,CA92121     		NONE PC EMPLOYEE MATCH 112
    SCRIPPS INSTITUTION OF OCEANOGRAPHY UNIVERSITY OF CALIFORNIA SAN DIEGO
    9500 GILMAN DRIVE MC-0210
    LA JOLLA,CA92093     		NONE PC OCEAN CONSERVATION 250,000
    SEASKETCH
    MARINE SCIENCE INSTITUTE UNIVERSITY
    OF CALIFORNIA
    SANTA BARBARA,CA93106     		NONE PC OCEAN CONSERVATION 343,460
    SEYCHELLES CONSERVATION AND CLIMATE ADAPTATION TRUST
    FLAMBOYANT AVENUE OCEANGATE HOUSE
    ROOM 109
    VICTORIA,MAHE  
    SE     		NONE PC OCEAN CONSERVATION 15,000
    SHESLER HALL
    1308 NEBRASKA STREET
    SIOUX CITY,IA51105     		NONE PC EMPLOYEE MATCH 500
    SIOUXLAND RECOVERY FUND
    PO BOX 204
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 100
    THE GOSPEL MISSION
    500 BLUFF STREET PO BOX 3745
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 100
    THE LOVELAND FOUNDATION INC
    367 N MONTGOMERY
    NEWBURGH,NY12550     		NONE PC EMPLOYEE MATCH 50
    THE OUTLAW OCEAN
    6010 BROAD BRANCH ROAD NW
    WASHINGTON,DC20015     		NONE PC RAPID OCEAN CONSERVATION GRANT 10,000
    THERESA HESSLING CHARTER SCHOOL PROJECT
    7260 LINDA VISTA RD
    SAN DIEGO,CA92111     		NONE PC EMPLOYEE MATCH 100
    UNITED WAY OF SIOUXLAND
    701 STEUBEN STREET
    SIOUX CITY,IA51101     		NONE PC EMPLOYEE MATCH 2,500
    VOICES OF HOPE LINCOLN INC
    2545 N STREET
    LINCOLN,NE68510     		NONE PC EMPLOYEE MATCH 100
    VOTEORG
    5557 BALTIMORE AVENUE SUITE 500 135
    HYATTSVILLE,MD20781     		NONE PC EMPLOYEE MATCH 25
    WAITT INSTITUTE
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049     		NONE POF OCEAN CONSERVATION 2,000,000
    WARMING SHELTER INC
    916 NEBRASKA STREET
    SIOUX CITY,IA51105     		NONE PC EMPLOYEE MATCH 2,000
    WIDE OPEN PROJECTS
    506-1288 BROUGHTON STREET
    VANCOUVER,BRITISH COLUMBIA  
    CA     		NONE PC RAPID OCEAN CONSERVATION GRANT 10,928
    Total .................................bullet 3a 5,308,966
    bApproved for future payment
    COLOR OF CHANGE
    1714 FRANKLIN ST SUITE 100 136
    OAKLAND,CA94612     		NONE PC EMPLOYEE MATCH 100
    BLACK LIVES MATTER
    19197 GOLDEN VALLEY ROAD
    CANYON COUNTRY,CA91387     		NONE PC EMPLOYEE MATCH 500
    Total .................................bullet 3b 600
    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 13,101  
    4 Dividends and interest from securities....     14 747,149  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -95,712  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME PER BOOKS     		    14 77,384  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 741,922 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    741,922
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 55,059 0   55,059

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    FOREVER COSTA RICA
          		SABANA NORTE TORRE LA SABANA PISO 5
    SAN JOSE    
    CS     		2019-12-17 100,000 OCEAN CONSERVATION 100,000 NONE 12/31/19; 4/16/21    
    OCEANO AZUL FOUNDATION
          		OCEANARIO DE LISBOA ESPLANADA D
    CARLOS I
    LISBOA   1990-005
    PO     		2019-12-20 450,000 OCEAN CONSERVATION 91,916 NONE 12/31/19; 12/31/20    
    THE BAHAMAS PROTECTED AREAS FUND
          		MINISTRY OF THE ENVIRONMENT
    CHARLOTTE HOUSE
    NASSAU    
    BF     		2019-12-09 100,000 OCEAN CONSERVATION 100,000 NONE 12/31/19; 3/3/21    
    BIOSFERA 1
          		RUA DE MOCAMBIQUE N 28
    MINDELO    
    CV     		2019-09-10 19,980 RAPID OCEAN CONSERVATION 19,980 NONE 11/15/19; 12/9/21    
    FRIENDS OF PALAU NATIONAL MARINE SANCTUARY
          		40314 POST ROAD
    KOROR,PALAU  
    PS     		2019-12-16 20,000 RAPID OCEAN CONSERVATION 20,000 NONE 12/31/19; 12/31/20    
    NATIONAL SCIENTIFIC AND TECHNICAL RESEARCH COUNCIL
          		INSTITUTO DE BIOLOGIA DE ORGANISMOS
    MARINOS BVD
    PUERTO MADRYN    
    AR     		2019-07-15 20,000 RAPID OCEAN CONSERVATION 20,000 NONE 04/09/20    
    BARBUDANGO
          		CODRINGTON VILLAGE
    CODRINGTON    
    AC     		2020-12-14 50,000 OCEAN CONSERVATION 24,774 NONE 6/5/21; 3/31/22    
    SEYCHELLES CONSERVATION AND CLIMATE ADAPTATION TRUST
          		FLAMBOYANT AVENUE OCEANGATE HOUSE
    ROOM 109
    VICTORIA,MAHE  
    SE     		2020-10-07 15,000 OCEAN CONSERVATION 15,000 NONE 04/01/22    
    MALDIVES CORAL INSTITUTE
          		NEELOAFARU HINGUN
    MALE   20138
    MV     		2020-03-26 50,000 OCEAN CONSERVATION 50,000 NONE 11/30/2021    
    MICRONESIA CONSERVATION TRUST
          		PO BOX 2177
    KOLONIA,POHNPEI96941
    OC     		2020-04-27 20,000 OCEAN CONVERVATION 20,000 NONE 10/11/2021    
    NATIONAL POLYTECHNIC SCHOOL
          		AV LADRON DE GUEVARA E11-253
      QUITO  
    EC     		2020-01-01 10,000 RAPID OCEAN CONSERVATION 10,000 NONE 10/10/20    

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    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CAPITAL GAINS FROM PARTNERSHIP 2020-01 PURCHASED 2020-12       COST 0 -1,558,664  
    CAPITAL GAINS FROM SALE OF PTP 2020-01 PURCHASED 2020-12       COST 0 -53,119  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME FUND - FIRST PACIFIC ADVISORS(FPA) 30,015,000 30,015,000
    FIXED INCOME FUND - METROPLITAN WEST 7,438,552 7,438,552
    FIXED INCOME FUND - OAKTREE ENHANCED INCOME 79,701 79,701
    FIXED INCOME FUND - COLCHESTER GLOBAL BOND 3,803,883 3,803,883
    FIXED INCOME FUND - PIMCO 2,069,847 2,069,847

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD GROWTH ETF 3,457,078 3,457,078
    DODGE & COX 2,733,812 2,733,812
    ARTISAN GROWTH OPP FUND 8,615,894 8,615,894
    ARTISAN SMALL CAP 311,223 311,223
    HARDING LOEVNER INTL 1,739,582 1,739,582
    VANGUARD WINDSOR II ADMIRAL 4,566,534 4,566,534
    EQUITIES - RIVER ROAD 4,836,262 4,836,262
    EVERMORE GLOBAL VALUE FUND 1,816,507 1,816,507
    OPPENHEIMER DEVELOPING MARKETS FUND 4,269,757 4,269,757
    MATHEWS JAPAN 1,113,684 1,113,684

    TY 2020 InvestmentsOtherSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GREENSPRING GLOBAL PARTNERS V-B FMV 4,401,799 4,401,799
    GREENSPRING GLOBAL PARTNERS VII-B FMV 4,227,367 4,227,367
    POMONA CAPITAL FMV 18,029 18,029
    VARDE FUND XII FMV 912,801 912,801
    VIVO VENTURES FUND FMV 1,031,238 1,031,238
    VIVO CAPITAL VIII FMV 1,761,527 1,761,527
    WAVE EQUITY FUND FMV 822,508 822,508
    AG SECURITY ASSET RECOVERY FMV 857 857
    CANYON LAUREL INVESTMENT FUND FMV 723,872 723,872
    FOLIUM CAPITAL AGRICULTURE FUND FMV 1,213,248 1,213,248
    FOLIUM CAPITAL TIMBER FUND FMV 545,466 545,466
    Q-BLK REAL ASSETS LP FMV 221,142 221,142
    UBS TRUMBULL PROPERTY FMV 1,649,432 1,649,432
    D.E. SHAW COMPOSITE INT'L FMV 5,487,995 5,487,995
    CRC GLOBAL STRUCTURED CR FUND FMV 1,681,412 1,681,412
    EMPYREAN CAPITAL FUND FMV 1,750,987 1,750,987
    EMSO LTD FMV 1,589,911 1,589,911
    TYBOURNE EQUITY FUND FMV 2,020,927 2,020,927
    CHILDREN'S INVESTMENT FUND FMV 3,868,875 3,868,875
    ALPS CORE COMMODITY FMV 3,322,390 3,322,390
    CHARLESBANK EQUITY FUND FMV 1,357,051 1,357,051
    VARDE FUND XIII FMV 578,454 578,454
    BLACKSTONE TACTICAL OPPS FUND III FMV 578,613 578,613
    GREENSPRING GLOBAL PARTNERS IX-B FMV 597,904 597,904
    US VENTURE PARTNERS XII FMV 542,020 542,020
    FORWARD VENTURES IV FMV 384,141 384,141
    NITORUM OFFSHORE FUND FMV 2,295,259 2,295,259
    BLACKSTONE TACTICAL OPPS FUND FMV 1,517,926 1,517,926
    AG SUPER FUND INT'L LTD FMV 2,547,703 2,547,703
    AKO LIMITED FUND FMV 4,000,335 4,000,335
    BAY RESOURCE PARTNERS FMV 32,027 32,027
    CARAVEL FUND (OFFSHORE) LTD FMV 6,679 6,679
    CADIAN OFFSHORE FUND FMV 2,000,000 2,000,000
    GLOBAL EVENT PARTNERS FMV 3,996,429 3,996,429
    CFM STRATUS FUND, LTD. FMV 7,092 7,092
    OZ ASIA OVERSEAS, LTD. FMV 3,480 3,480
    KINGSTOWN PARTNERS OFFSHORE FMV 590 590
    TACONIC OPPORTUNITY OFFSHORE FMV 2,663,634 2,663,634
    FARALLON CAPITAL FMV 4,018,680 4,018,680
    AG CAPITAL RECOVERY VIII HOLDINGS FMV 60,967 60,967
    CANYON LAUREL INVESTMENT FUND II FMV 849,904 849,904

    TY 2020 LandEtcSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURES & FIXTURES 197,799 96,600 101,199 101,199
    EQUIPMENT 50,698 23,531 27,167 27,167
    LEASEHOLD IMPROVEMENTS 76,199 56,253 19,946 19,946
    SOFTWARE 15,197 14,430 767 767


    TY 2020 LegalFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 8,105 0   8,105


    TY 2020 OtherAssetsSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LEASE DEPOSIT 12,973 12,973 12,973
    DUE TO/FROM WAITT INSTITUTE 40,085 13,988 13,988
    DISTRIBUTION RECEIVABLE 565,073 96,558 96,558
    DUE TO/FROM WAITT INSTITUTE FOR VIOLENCE PREVENTION 0 1,054 1,054
    CREDIT CARD REFUND 0 -6,994 -6,994


    TY 2020 OtherExpensesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNICATIONS 8,838 0   8,608
    INFORMATION TECHNOLOGIES 29,594 0   29,416
    INSURANCE 16,298 0   24,264
    OFFICE SUPPLIES 6,982 0   6,982
    OUTSIDE SERVICES 5,621 0   5,621
    POSTAGE 1,314 0   1,314
    SUBSCRIPTIONS 8,581 0   8,581
    PERMITS & LICENSES 120 0   120
    MISCELLANEOUS 97 0   -11,416
    UTILITIES 2,386 0   2,575
    BANK FEES 5 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME PER SCHEDULE K-1S 0 45,538 0
    PARTNERSHIP INCOME PER BOOKS 77,384   77,384


    TY 2020 OtherIncreasesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Amount
    UNREALIZED GAINS/LOSSES 9,194,393


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 226,713 226,713   15,262
    PROFESSIONAL FEES 249,512 0   68,336
    INVESTMENT MSA FEE 104,150 104,150   0
    ADMIN SERVICES - AVALON 112,000 0   112,000


    TY 2020 TaxesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEES 3,826 0   0
    FEDERAL EXCISE TAX 13,194 0   0
    FOREIGN TAXES 12,757 16,168   0
    PAYROLL TAXES 55,084 0   55,084